Bitcoin (BTC) has officially dipped below the $26,000 level and is currently trading at $25,800, which coincides with its 200-week Exponential Moving Average (EMA). This EMA has served as a crucial support level, as it played a role in Bitcoin’s rebound on June 15, leading to its yearly high of $31,800. Bitcoin Consolidation Conundrum The current situation appears to be slightly different for BTC. On the one hand, Bitcoin has been experiencing an extended consolidation phase just above this significant level for over seven days. More concerning is that the cryptocurrency has been forming lower lows during this consolidation, indicating a downward pressure trend. Moreover, during Bitcoin’s rally on June 15, it had the advantage of holding its key 200-day Moving Average (MA), which has been influential in determining its prospects and upward gains. However, this same moving average presents a potential hurdle for BTC, acting as a resistance at the $27,100 level, potentially impeding a recovery rebound. As highlighted by crypto market analyst Michael Van De Poppe, the crucial question is whether Bitcoin will maintain its position above the 200-week EMA. Abnormally Low Trading Volume In Spot Market Raises Concerns On this matter, CryptoQuant author and crypto analyst Maartunn has identified an intriguing phenomenon in the BTC market that may shed light on the cryptocurrency’s recent stagnant state and low volatility. Maartunn has observed an abnormal pattern: the trading volume in the Bitcoin-spot market has reached its lowest level since 2017. This finding has significant implications for understanding the dynamics of BTC’s price and market behavior. The Bitcoin spot market plays a crucial role in the cryptocurrency ecosystem. It is where investors and traders buy and sell actual Bitcoins for immediate delivery instead of derivative products or futures contracts. Spot market trading volume reflects the level of participant activity and liquidity in the market, providing insights into the supply and demand dynamics of Bitcoin. The unusually low trading volume in the BTC-spot market suggests decreased market activity and engagement among traders. This lack of participation can contribute to stagnation and low volatility in BTC’s price. With fewer buyers and sellers entering the market, there may be limited price movement and a reduced likelihood of significant price swings. Such conditions can have implications for investors and traders. Low volatility may discourage short-term speculative trading strategies as the potential for quick profits diminishes. Additionally, it may indicate a lack of market confidence or uncertainty among participants, leading to a cautious approach and potential hesitation in making significant investment decisions. Monumental First Half Of 2024 For BTC? According to crypto analyst Miles Deutscher, the first half of 2024 is shaping to be a monumental period for the cryptocurrency market. Several key events and deadlines are anticipated during this timeframe, which could profoundly impact the industry and its major players. Starting in January through March, the spotlight will be on Bitcoin as the final deadline for approving the Bitcoin spot exchange-traded funds (ETFs) approach. The crypto community has long awaited the introduction of a Bitcoin ETF as it could potentially open the doors for broader institutional participation and investment in the digital asset. In May, another highly anticipated event is the Bitcoin halving. This recurring event, which occurs approximately every four years, reduces the rate at which new Bitcoins are generated. In June, the focus shifted to the Federal Reserve (FED) and its potential decision to cut interest rates. While market pricing currently suggests the likelihood of a rate cut, such a move could have implications for the broader financial landscape, including the cryptocurrency market. Featured image from iStock, chart from TradingView.com

Zeebu, the innovative blockchain-based settlement platform for the telecom carrier industry, has successfully raised $25 million in a presale funding round, surpassing its hard cap target of $15 million. The round saw participation from several strategic investors, including Bankai Ventures. The market’s enthusiasm for Zeebu’s groundbreaking on-chain invoice settlement platform and loyalty token, which aims to revolutionize the telecom carrier industry, is reflected in the overwhelming response from investors. “We are thrilled and grateful for the incredible support and trust shown by our investors during this presale funding round,” said Raj Brahmbhatt, Founder of Zeebu. “Our mission is to empower the telecom carrier industry with cutting-edge blockchain technology and innovative loyalty solutions. This significant funding milestone brings us one step closer to realizing that vision, and we are excited to drive positive change in the industry.” Zeebu’s loyalty token, designed exclusively for the telecom carrier sector, offers unprecedented benefits to merchants and customers alike. It eliminates the need for conventional and expensive traditional banking channels and intermediaries, enabling faster transactions while enhancing margins. The goal is to create a seamless and efficient experience for all participants through a dedicated blockchain-based settlement platform. “Zeebu’s unique value proposition and its potential to transform the telecom carrier sector represent an exciting opportunity for growth and innovation,” said Sean Byrnes, CFO at Bankai Ventures. “The team’s vision, expertise, and unwavering dedication to creating value for all stakeholders really shines through, and I am confident Zeebu will lead the way in transforming settlement processes and ushering in a new era of efficiency for the $120 billion telecom industry.” Through its loyalty token, Zeebu incentivizes and rewards carriers, empowering them with the means to streamline transactions and enhance their operational efficiency. The platform’s goal is to onboard over 100 such telecom carriers, facilitating cross-border settlement processes with unparalleled efficiency. Zeebu has already secured strategic partnerships with several major telecommunications providers such as Hayo Telecom Inc., Axistel FZE, Qatama Ltd, BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc., and Novatel d.o.o., as it seeks to overcome the long-standing challenges encountered by industry players. About Zeebu Zeebu is the world’s first on-chain invoice settlement platform for the Telecom Carrier Industry, powered by $ZBU. With their settlement platform and loyalty token, Zeebu aims to revolutionize the telecom carrier industry, empowering telecom carriers with loyalty rewards, streamlined invoice settlements, and enhanced transparency by leveraging blockchain technology. Zeebu’s mission is to transform the settlement experience for the industry unlock innovation and empower telecom carriers to thrive. For more information, visit https://www.zeebu.com/ Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Operated approximately 206,000 owned and colocated bitcoin miners Produced 965 self-mined bitcoin and an estimated 403 bitcoin from colocated miners AUSTIN, Texas–(BUSINESS WIRE)–$CORZQ #bitcoin—Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released production and operations updates for August 2023. “We continue to maintain our position as one of the largest and most efficient bitcoin producers at scale in North America through our team’s relentless focus on operational excellence,” said Adam Sullivan, Core Scientific Chief Executive Officer. “High temperatures in August provided us with the opportunity to support our grid partners by reducing our power consumption and contributing more than 32,000 megawatt hours to help their customers.” Core Scientific recently entered into new colocation agreements with some of its customers that provide the Company with a portion of the bitcoin rewards generated from colocated miners after receiving payment for identified mining costs. “As part of the continued evolution of our hybrid mining-colocation strategy, we’re further aligning our interests with our customers,” Mr. Sullivan added. The Company continues to work through the Chapter 11 reorganization process and aims to emerge in the fourth quarter. Key Metrics Summary Metric August 2023 July 2023 Self-Mining Bitcoin Produced1 965 1,022 Colocation Bitcoin Produced2 403 493 Average Self-Mined Bitcoin Produced/Day 31.1 33.0 Self-Mining Energized Hash rate3 15.1 15.2 Colocation Energized Hash rate4 6.9 7.0 Total Energized Hash rate 22.0 22.2 Bitcoin Sold 1,022 1,079 Bitcoin Sales Proceeds ($USD) Appx. $28.5 million Appx. $32.4 Million Average Self-Mining Fleet Efficiency (J/TH)5 28.96 28.96 Data Centers As of month-end, the Company operated approximately 206,000 bitcoin miners for both self-mining and colocation, representing a total energized hash rate of 22.0 EH/s at its data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas. Self-Mining Core Scientific produced 965 bitcoin in August from its owned fleet of miners. As of month end, the Company operated approximately 145,000 owned bitcoin miners, accounting for approximately 70% of its total number of miners and representing a total energized hash rate of 15.1 EH/s. Colocation Services In addition to its self-mining fleet, Core Scientific provided data center colocation services, technology and operating support for approximately 61,000 colocated, customer-owned bitcoin miners, representing approximately 30% of the bitcoin miners operating in the Company’s data centers as of August 31. Customer-owned bitcoin miners produced approximately 403 bitcoin in August, including bitcoin rewards paid to the Company pursuant to proceeds sharing agreements. Grid Support The Company reduced the consumption of power at its data centers in response to high temperatures in August, delivering 32,188 megawatt hours to local grid partners. By supporting the grid in such a fashion, Core Scientific helps grid operators keep power flowing to their customers when temperatures rise and air conditioning use increases, and when temperatures drop and heating use increases. Core Scientific works with utility companies and the communities in which it operates to enhance electrical grid stability. ABOUT CORE SCIENTIFIC Core Scientific (OTC: CORZQ) is one of the largest blockchain computing data center providers and miners of digital assets in North America. Core Scientific has operated blockchain computing data centers in North America since 2017, using its facilities and intellectual property portfolio for colocated digital asset mining and self-mining. Core Scientific operates data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas. Core Scientific’s proprietary Minder® fleet management software combines the Company’s colocation expertise with data analytics to deliver maximum uptime, alerting, monitoring and management of all miners in the Company’s network. To learn more, visit http://www.corescientific.com. FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES Certain statements in this press release constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the future benefit of certain contracts, anticipated date of Company emergence from Chapter 11, statements related to the Company’s ability to scale and grow its business, meet its expected operating plan, source clean and renewable energy, the advantages and expected growth of the Company, future estimates of revenue, net income, adjusted EBITDA, total debt, free cash flow, liquidity and future financing availability, future estimates of computing capacity and operating capacity, future demand for colocation capacity, future estimate of hash rate (including mix of self-mining and colocation) and operating gigawatts, future projects in construction or negotiation and future expectations of operation location, orders for miners and critical infrastructure, future estimates of self-mining capacity, the public float of the Company’s shares, future infrastructure additions and their operational capacity, and operating capacity and site features of the Company’s operations and planned operations. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts and assumptions and are subject to a number of risks and uncertainties, including, but not limited to, the Company’s ability to obtain bankruptcy court approval with respect to motions in its Chapter 11 cases, successfully enter into and implement a restructuring plan, emerge from Chapter 11 and achieve significant cash flows from operations; the effects of the Chapter 11 cases on the Company and on the interests of various constituents, bankruptcy court rulings in the Chapter 11 cases and the outcome of the Chapter 11 cases in general, the length of time the Company will operate under the Chapter 11 cases, risks associated with any third-party motions in the Chapter 11 cases, the potential adverse effects of the Chapter 11 cases on the Company’s liquidity or results of operations and increased legal and other professional costs necessary to execute the Company’s reorganization; satisfaction of any conditions to which the Company’s debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside of the Company’s control; the consequences of the acceleration of the Company’s debt obligations; the trading price and volatility of the Company’s common stock as well as other risk factors set forth in the Company’s reports filed with the U.S. Securities & Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Accordingly, undue reliance should not be placed upon the forward-looking statements. Please follow us on: https://www.linkedin.com/company/corescientific/ https://twitter.com/core_scientific 1 Self-Mining Bitcoin Produced represents bitcoin rewards produced by bitcoin miners owned and operated by Core Scientific 2 Colocation Bitcoin Produced represents estimated bitcoin rewards produced by colocated customer-owned miners operated by Core Scientific, including bitcoin rewards paid to the Company pursuant to proceeds sharing agreements 3 Self-Mining Energized Hash Rate represents the total rated capacity of all Company-owned bitcoin miners installed and operating in Core Scientific’s data centers 4 Colocation Energized Hash Rate represents the total rated capacity of all colocated bitcoin miners owned by customers, installed and operating in Core Scientific’s data centers 5 Average Self-Mining Fleet Efficiency (J/TH) represents the weighted average power consumption in Joules per terahash based on the rated efficiency and capacity of each model of miner operating in Core Scientific’s owned self-mining fleet Contacts Investors: [email protected] Media: [email protected]

HONG KONG–(BUSINESS WIRE)–The latest update of B2BinPay, Version 17, is engineered to enhance the cryptocurrency transaction landscape for both commercial entities and large-scale enterprises. This substantial update not only refines existing functionalities but also introduces new features tailored to meet diverse client requirements. Let’s delve into the specifics of this transformative update. Diversified Settlement Options with TrueUSD and Euro Coin In the ever-fluctuating financial markets, stablecoins have emerged as a dependable asset. Recognising this, B2BinPay has expanded its Merchant Wallets to support TrueUSD (TUSD) and Euro Coin (EUROC). This inclusion broadens the payment spectrum, now encompassing 14 cryptocurrencies, 14 stablecoins, and 25 tokens that can be automatically converted into seven distinct currencies. These new additions are compatible with various token protocols, including ERC20, BEP20, and TRC20, providing merchants unparalleled flexibility in payment and settlement processes. The integration of EUROC, a stablecoin pegged to the Euro and issued by Circle, holds particular importance for businesses operating in the Eurozone. It’s worth noting that Circle is also the issuer of USDC, a dominant stablecoin with a market capitalisation exceeding $25 billion. Comprehensive Token Support Version 17 of B2BinPay fortifies its enterprise-grade blockchain wallet platform, specifically catering to organisations prioritising a crypto-centric business model. The update extends support to 14 stablecoins and an impressive 113 new tokens, spanning various blockchain networks such as Bitcoin, Ethereum, TRON, and Binance Smart Chain. Cost-Effective Pricing Model The Version 17 update introduces a more budget-friendly pricing architecture. The initial setup fee for merchants is now pegged at $500, and transaction fees have been reduced from 0.5% to 0.4%. New commission tiers have also been unveiled, with rates dropping to as low as 0.25% for higher transaction volumes. The setup fee has been revised for institutional blockchain wallets from $1500 to $1000. This all-inclusive fee now covers the activation of smart contracts across multiple platforms and is free from any undisclosed costs. New commission structures start at 0.4% and can go as low as an exceptional 0.05%. Enhanced User Interface and Functionality The user interface has undergone a significant revamp, featuring new categorisation tools, an alphabetical search function, and a favourites tab. Comprehensive onboarding guides have been added to assist both new and seasoned users navigate the platform. Users can also view transaction fees in their preferred currency, boosting financial transparency. Several other usability enhancements include refined dropdown menus, advanced search features, and the removal of expiration limits on merchant invoices. An email alert system for reports and a “Delete Wallet” option for zero-balance wallets have also been incorporated. Enterprise customers can sort wallet tables by ID and currency, and the QR code generation process now includes token icons for easier identification. A pop-up box for password verification simplifies adding or removing IP addresses from the IP whitelist. Streamlined Customer Support Beyond aesthetic and functional improvements, Version 17 also elevates the customer support experience. A real-time alert mechanism has been integrated into the customer service dashboard, featuring an ‘unread counter’ to notify users of new messages in their support tickets promptly. Summary B2BinPay’s Version 17 is a holistic upgrade designed to cater to many clients. With Versions 18 and 19 already in development and ongoing partnerships like the one with Ledger and sponsorship deals for the 2023/2024 La Liga season, B2BinPay continues to expand its influence and adoption. Consequently, it quickly established itself as the benchmark in cryptocurrency payment solutions. Contacts Software Technologies Limited CEО: Chow Chi Wing email: [email protected]

Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz aim to drive adoption of tokenized real-world assets through education, advocacy and innovation NEW YORK–(BUSINESS WIRE)–The Tokenized Asset Coalition (TAC) launched today with industry leaders including Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz as founding members. Together, these companies aim to bring the next trillion dollars of assets on-chain through real-world asset tokenization, education and advocacy. The Tokenized Asset Coalition champions the adoption of public blockchains, asset tokenization and institutional DeFi to dramatically alter the way capital is formed, invested and managed on-chain, paving the way for a more open, fair and transparent system for investors. The Tokenized Asset Coalition has three primary objectives: Education: Create and disseminate educational content, host events, facilitate analysis and share insights about asset tokenization to foster trust and understanding within the ecosystem. Advocacy: Develop shared principles, best practices and industry recommendations to promote a more compliant and sustainable environment for asset tokenization. Adoption: Actively work towards building on-chain infrastructure that scales to the needs of investors, issuers, protocols, platforms and users, driving the widespread adoption of tokenized real-world assets. The Tokenized Asset Coalition believes that public crypto rails offer superior efficiency, cost savings and transparency compared to legacy systems. By fostering collaboration, education and the development of on-chain infrastructure, the Coalition aims to address the inefficiencies, lack of transparency and fragmentation inherent in traditional financial systems. The Coalition takes a collaborative approach to uniting organizations with a shared vision for tokenized real-world assets and impactful use cases that deliver the true value of crypto. The Tokenized Asset Coalition was formed with seven founding members. As new builders, industry leaders and influencers come forth, the coalition welcomes the opportunity to expand and grow. The Coalition invites all relevant organizations to join its mission and contribute to the transformation of the financial landscape. Through collective efforts, a new era of efficiency, transparency, and accessibility in global finance can emerge. About the Tokenized Asset Coalition The Tokenized Asset Coalition seeks to unite traditional and crypto financial systems with the shared belief that many assets will eventually move on chain. By addressing the inefficiencies, opacity and fragmentation of the current financial infrastructure, the Tokenized Asset Coalition aims to spearhead the next wave of digital transformation. The Coalition members including Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz, are on a mission to educate and advocate for shared principles and best practices and build the on-chain infrastructure of tomorrow. Contacts Tyler Bradford Hewes Communications [email protected]

A major Korean finance powerhouse, Mirae Asset Securities, has joined hands with a popular blockchain network, Polygon. This partnership has ignited curiosity about how it might impact the price of Polygon’s native cryptocurrency, MATIC. Top Financial Organizations Join Forces With Polygon To Create Tokenized Securities Network In the early hours of today, September 7, 2023, South Korea’s largest financial group, Mirae Asset Securities, with over $500 Billion under manager, announced they are connecting to the Polygon network. According to the report, the collaboration aims to increase the adoption of Web3 technologies and develop a tokenized securities community. In a press release, the asset manager said that Polygon Labs will be the chief technical consultant in the Token Working Group of Mirae Asset Securities. The asset manager said the group would work “efficiently” to create infrastructure to issue, exchange, and distribute token-based securities. According to the Head of the digital assets division at Mirae Asset Securities, Ahn In-sung: Notably, several financial companies are included in this collaboration. These include Linger Studio and Coin Plug, Hana Financial, and SK Telecom’s security token consortium, Next Finance Initiative (NFI). According to the report, Big finance names like Franklin Templeton and Hamilton Lane, a big investment company with over $823.9 billion in assets, are already using Polygon for tokenization projects. Will Polygon’s Partnership With Mirae Asset Securities Affect MATIC’s Price? The Partnership between Polygon Labs and Mirae Asset Securities to advance tokenization will benefit Web3 adoption within the ecosystem and could boost MATIC’s price. On September 5, Polygon 2.0 was announced with Zero Knowledge L2 chains, three Governance pillars, and the Polygon Business Model part of the new upgrades. This upgrade will likely attract investors like Mirae Asset Securities to rely on Polygon for different purposes. From September 1-3, MATIC traded in the $0.54 range but has increased to $0.56 today, September 7. It implies that the partnership is likely driving the slight gains noticed in the last 24 hours and might signal an uptrend ahead for MATIC. MATIC has formed six consecutive green candles on the daily chart, suggesting buyers defend current levels. Also, it found critical support at $0.55, with its next price moves likely to send it to the $0.57 resistance level. If the buyers persist, MATIC can break above the $0.57 resistance level and move into an uptrend. The Relative Strength Index (RSI) indicator, with a value of 41.57, shows a neutral sentiment among investors. However, the Moving Average Convergence/Divergence (MACD) displays a buy signal confirmed by the green Histogram bars. MATIC will likely record a positive price action in the coming days based on a more positive investor sentiment and valuable partnerships.

The pattern of an on-chain metric may suggest that Bitcoin could see more downside ahead before a rebound is found. Bitcoin STH SOPR Hasn’t Hit The Bottom Zone Yet An analyst in a CryptoQuant Quicktake post explained that the BTC short-term holders are selling at a loss. The relevant indicator here is the “Spent Output Profit Ratio (SOPR),” which tells us whether the Bitcoin holders are selling their coins at a profit or a loss. When the value of this indicator is greater than 1, it means that the average holder in the market is moving their coins at a profit. On the other hand, values below this threshold imply that loss-taking is the dominant force in the sector. The SOPR being exactly equal to one naturally suggests that the market is just breaking even on its selling right now as the total amount of realized profits cancel out the losses. The SOPR can also be defined for just a part of the market. In the context of the current discussion, the short-term holder (STH) group is of interest. These investors have been holding onto their coins since less than 155 days ago. Now, here is a chart that shows the trend in the 30-day moving average (MA) Bitcoin SOPR over the past several years: As displayed in the above graph, the 30-day MA Bitcoin STH SOPR had been above one for most of the year 2023, but following the recent struggle in the asset’s price, the indicator has dipped below this mark. Historically, the one indicator level has been a line of support for the cryptocurrency, as it has often found rebounds. For example, Bitcoin found bottoms at this mark during the slumps in both March and June. With the recent drawdown, though, this support level has been breached, as the STHs are now selling their coins at a loss. Usually, whenever the metric dips below this level, it doesn’t come back above it quickly, as the line begins to act as resistance instead. The Bitcoin STH SOPR has historically been able to find rebounds in the green box that the quant has highlighted in the chart. The indicator is still a notable distance above this bottoming zone. If the BTC price will only find its rebound when the indicator dips inside this zone, then more decline could be ahead for the asset so that the STHs are pushed into capitulating at a deeper degree. BTC Price In The Short Term Bitcoin has continued its sideways struggle recently as the cryptocurrency has been unable to find a break in either direction. The asset’s price is floating around the $25,700 mark.

In the rapidly evolving landscape of blockchain and Web3, venture capital firms pioneer trends and stand as vanguards of innovation. Armed with vision and capital, they explore ways to harness the transformative potential of digital assets. Navigating this intricate frontier, they reshape finance, technology, and governance while grappling with the impact of regulatory turmoil. Most VC firms innovate strategies, moving beyond backing projects to create new paradigms. TheNewsCrypto sat down with Augustus (Augie) Ilag, Investment Partner and Head of Asia at CMT Digital, discussing how the venture capital firm seamlessly integrates traditional finance (TradFi) practices with blockchain innovation. Augie also sheds light on the firm’s vision for Southeast Asia’s blockchain market, strategies for staying ahead in the ever-evolving landscape, and their profound interest in Web3 gaming projects and DAOs. How do you perceive the strategic intersections and collaborative avenues that serve as common threads between traditional finance (TradFi) and the blockchain space? Augustus (Augie) Ilag: CMT Digital, as a firm, aims to blend the best of both worlds while proudly embracing its crypto nativeness. Folks on the team, including myself, have been actively participating in the space for years. Also, we incorporate some of the best practices from TradFi. In my opinion, many lessons from traditional ventures can indeed be applied to blockchain. Previously, people used to argue that Web3 is entirely different from Web2, with nothing to be gained or shared, whether in terms of building or investing. However, this narrative is beginning to shift. There’s a growing belief that, as builders, we can learn valuable product design principles from Web2. On the investor side, there are best practices, heuristics, and due diligence methods that can be adopted. These are criteria we consider at each stage, and they’ve been honed over decades of investing. So, this is the approach we take at CMT. We’re deeply committed to crypto, but at the same time, we also embrace a highly institutional approach with the best practices. As the Investment Partner and Head of Asia at CMT Digital, what strategies do you envision for bolstering the firm’s presence in Southeast Asia and its position within the blockchain sector? Augie: CMT Digital has been present in Asia for a long time. It is a subsidiary of CMT Group, a 28-year-old global electronic trading and asset management firm. My recent joining of the team extends our decade-long commitment to the region and its founders. We see a lot of potential in the Asia Pacific (APAC) region. Builders here are innovating applications and infrastructure, addressing what we see as an underserved market gap. It’s often challenging for founders in this region to raise capital and access necessary resources, compounded by the geographic distance factor. Additionally, there are some misconceptions about Asia, including the quality of talent and other related factors. To bridge this gap, CMT employs several strategies. Firstly, we maintain a global team with an on-the-ground presence in these markets. I have personally been involved in investing in Southeast Asia for nearly a decade. We adopt a similar focus in Europe and other markets. Secondly, we foster cross-border collaboration, leveraging portfolio expertise in trading and facilitating connections between our extensive US and European portfolio and newer investments in Asia. To highlight, CMT Digital includes Consensys, the parent company of the popular crypto wallet service provider MetaMask, as a portfolio company. These efforts facilitate mutual learning and the formation of valuable commercial partnerships, among other benefits. How do you stay ahead in the ever-evolving blockchain landscape and what excites you most about the Web3 space? Augie: In addressing the first part of your question, our team comprises various roles, including investment-focused members, a head of research, a head of technology, and a sizable trading team. This diverse mix allows us to leverage research and technical expertise in our decision-making process. From a strategic perspective, we aim to bridge the gap between thesis-driven and reactionary investors. We maintain a thesis-driven approach, which means our team constantly forms views on market directions and investment opportunities. We consistently challenge these views among ourselves to formulate robust theses. However, we recognize the inherent uncertainty in predicting the future. To adapt to this uncertainty, we maintain flexibility and openness to new narratives and opportunities as they emerge. This mindset keeps us proactive and research-driven while adapting to changing market dynamics. In an evolving landscape, we want to be agile and ready to engage with emerging ideas and opportunities. What challenges does the venture capital ecosystem encounter when navigating evolving regulations and markets within the blockchain sector? Augie: Beyond the complexities of regulatory changes, the venture capital ecosystem confronts substantial challenges. If we set aside the regulatory aspect for a moment, it is evident that traditional venture capital, as an asset class, is navigating a shifting landscape, especially in the current highly inflationary environment. Many portfolio allocators are reevaluating how venture capital fits into their overall investment strategies. Concepts like the power law are under renewed scrutiny. There is a growing debate about whether VC needs to evolve and take on a different form than it did in the past. This transformational period impacts blockchain-focused funds, including our own. I believe it is crucial to apply the same advice we provide to startups to our fund’s strategy. We must thoughtfully assess our unique value proposition and refrain from assuming that securing the next round of funding will be straightforward. It is a challenging market environment, not just for businesses but also for funds. Consequently, we have been diligently dedicating thought to this matter, reflecting on what sets us apart and how we can stand out among other funds. What aspects of investing in Web3 gaming projects and DAOs pique your interest? Augie: Certainly, at CMT, we have been at the forefront of investing in consumer apps and gaming for quite a long time. Particularly, my partner Charlie, who is based in the US, has been a driving force behind these endeavors. We have fostered partnerships with companies like Horizon Blockchain Games, Midnight Society, and Axie Infinity, cementing our position as early partners. So, our bullish enthusiasm for this category runs deep. What excites us about gaming and consumer use cases, in general, is their potential to unlock mass adoption of blockchain technology. Take gaming, for instance. Enabling true ownership of in-game assets just makes perfect sense. This aspect has captured our attention. Furthermore, when it comes to the infrastructure side of things, blockchain data holds immense potential. It can revolutionize user acquisition by providing wallet-level insights that inform predictive spending models. This, in turn, becomes a more accurate gauge of future purchasing behavior. This direction aligns with the ambitions of major players like AppsFlyer. Hence, we see exciting intersections between blockchain and gaming, not only on the creative studio side but also in the infrastructure landscape. Our commitment to these domains remains steadfast, as we continue to channel our investments into these promising areas. With the Web3 landscape heating up, what brought you to CoinFest Asia 2023 in Bali? Were there any intriguing projects that caught your attention? Augie: When it comes to my expertise, I’ve developed a deep understanding of the Southeast Asian market within the broader APAC region. This market is truly remarkable, with Indonesia and the wider Southeast Asian region showing incredible enthusiasm for the blockchain industry. When you dive into popular user statistics, like MetaMask wallet users or others, we will see that the top 10 countries all hail from Southeast Asia. This provides an exhilarating landscape for projects looking to tap into this trend. Joining Coinfest Asia 2023, which places a strong focus on Southeast Asia, has been an exciting experience for me. Being here at this event, participating, speaking on panels, and contributing to the vibrant ecosystem has been a pleasure. The energy was infectious, and I was genuinely excited. As for the emerging projects, a diverse range, from centralized exchanges to groundbreaking gaming ventures, innovative NFT marketplaces, and promising startups have captured my attention during this visit. What truly ignites my enthusiasm is witnessing new builders enter the crypto space, even in this fast-evolving market, and addressing distinct challenges. Disclaimer: The information provided in this interview article is for informational purposes only. It is not intended to be, nor should it be construed as, investment advice, financial guidance, or a recommendation to make any specific decisions. Readers are encouraged to conduct their own research and consult with appropriate professionals before making any investment or financial decisions.

The $2 million seed investment round for GAM3S.GG, previously known as Polkastarter Gaming, has been concluded. Mechanism Capital served as the round’s lead investor, while several prominent angel and venture capitalists also contributed. The project is rebranded to reflect its new vision in conjunction with the seed round fundraising. Along with a number of angel investors in the web3 gaming industry, the full list of investors also includes Polygon, Double Peak, ArkStream Capital, LD Capital, ROK Capital, Hyperithm, Snackclub, Emurgo Ventures, Eden Ventures, MixMarvel DAO Venture, 4SV, CommonWealth Capital, Venly Ventures, TKX Capital, SkyVision Capital, Compute Ventures, and MarketAcross. By investors and partners, the GAM3S.GG gaming superapp has been nicknamed the “IGN for web3” and will use the capital to develop and grow. With over 60,000 registered users, 200+ games listed in 15 chains, and selected web3 gaming material, the portal has established itself as the largest community for web3 gamers since its November 2022 debut. The year 2023 has seen additional gaming industry heavyweights explore the web3 gaming waters, with titles like Sugartown and Champions Tactics: Grimoria Chronicles from Zynga and Ubisoft, respectively. The need for an aggregator like GAM3S.GG is increasing daily as more players join the market. Additionally, the perception of web3 gaming is changing, and GAM3S.GG is developing the hub to let both natives and newcomers alike discover new territories and experiences within a single web3 gaming superapp. Since its launch, GAM3S.GG has seen thousands of registered players peruse its collection of handpicked material centered on next-generation web3 games. The platform hosted the first and biggest web3 game awards presentation, the GAM3 Awards, in December of last year. Over 250,000 votes were cast, and 140,000 different people tuned in to watch the streamed event. The platform now hopes to keep developing cutting-edge features, such as social logins, player-owned item management, progression prizes, retrospective in-game progress monitoring, as well as playing web3 games straight on the platform, to lower obstacles to entry for blockchain games. The team’s goal for GAM3S.GG is to facilitate web3 gaming reach 100 million users through its platform and offerings and to keep developing as the go-to resource for players interested in exploring the potential of blockchain-powered games. This will be accomplished through upcoming features that will attempt to meet all of the web3 gaming requirements under one roof. The GAM3S.GG action is only getting started, and the industry is still young. As more well-known brands join the blockchain gaming market, the platform will act as a point of entry for all players to make use of web3 games to the fullest with all the resources they need.

Netcracker to Highlight Real-World Digital Transformation Success and New Monetization Opportunities at TM Forum Event in Copenhagen WALTHAM, Mass.–(BUSINESS WIRE)–Netcracker Technology announced today that it will participate in TM Forum’s Digital Transformation World (DTW) on Sept. 19-21 at the Bella Center Copenhagen, where it will showcase its groundbreaking portfolio of solutions designed to help CSPs transform into self-sufficient techcos and utilize generative AI and automation to create new opportunities for monetization in the network and the rapidly growing B2B2X, Web 3.0 and metaverse markets. Netcracker is a Platinum Sponsor of the event and will exhibit in booth #314. Netcracker’s Chairman and CEO Andrew Feinberg will participate in an exclusive CEO Spotlight panel, during which executives from key Netcracker customers – du, Nuuday, Telenet, TELUS, T-Mobile USA and Vodafone Oman – will discuss real-world outcomes of their digital transformations, as well as the untapped post-transformation potential to continue their efforts of delivering a superior customer experience and quickly adapting to current and future business requirements. Netcracker will also participate in additional speaking sessions with customers and will play an integral role in two Moonshot Catalyst projects exploring metaverse innovations and sustainability scoring. Netcracker’s full agenda at DTW23 can be found here. Fireside Chat: Drivers for Telco Evolution: Why and How to Make the Techco Journey?| Tuesday, Sept. 19 | 11:00 a.m. CEST Speakers: Jamal Najem, Chief Transformation Officer, du Hesham Fahmy, CIO, TELUS Sylvain Seignour, President, Netcracker Technology CEO Spotlight: Reimagining Telcos – Transformation and Evolution for Future Success| Wednesday, Sept. 20 | 11:00 a.m. CEST Speakers: Andrew Feinberg, Chairman & CEO, Netcracker Technology Bader Al Zidi, CEO, Vodafone Oman Jon James, CEO, Nuuday Fahad Al Hassawi, CEO, du John Porter, CEO, Telenet Tony Geheran, EVP & COO, TELUS Dan Thygesen, SVP & GM – Wholesale MVNX, IoT, M2M, B2B2X, Web 3.0, T-Mobile USA Moderator: Tony Poulos, Industry Insights Advisor, TM Forum Panel: Innovative Business Models as the Catalyst for the Next Wave of Telco Revenue| Wednesday, Sept. 20 | 2:00 p.m. CEST Stelios Savvides, CTIO, Vodafone Oman Torben Rasmussen, Vice President – Head of Transformation B2C, Nuuday Anand Ganapathy, VP, B2B Transformation and IT Delivery, Deutsche Telekom Rudolf Strijkers, Lead Architect Network and Infrastructure IT, Swisscom Ari Banerjee, SVP Strategy, Netcracker Technology Moderator: Camille Mendler, Chief Analyst, Omdia Catalyst: Closing the Metaverse Chasm: Monetizing the Ecosystem This Catalyst explores several new innovations, including a multi-channel extended reality environment to increase user reach, seamless connectivity tuned to the immersive experience, a replicable metaverse foundation with zero touch partnerships and new cross-platform social loyalty techniques to promote metaverse usage and engagement. Catalyst: Sustainability Scoring for All This Catalyst features innovations to leverage blockchain and machine tokenization to establish a credible and verifiable method for tracking carbon emissions by developing a proof of concept system that helps CSPs score suppliers based on the energy and carbon footprint of their products and services. About Netcracker Technology Rapid digitization is disrupting the status quo of today’s communications markets. Constantly evolving customer needs and behaviors require service providers to adapt quickly and diversify their businesses to deliver the outcomes that their customers expect. Building digital ecosystems, anticipating customer requirements and delivering a digital-first experience are essential for service providers to accelerate innovation, expand into new markets and become the disruptors in the 5G era. Netcracker Technology, a wholly-owned subsidiary of NEC Corporation, has the expertise, culture and resources to help service providers around the world transform their businesses to thrive in a digital economy. Our innovative solutions – including our flagship cloud-native Netcracker Digital Platform – value-driven services and unbroken delivery track record of three decades help service providers to achieve their digital transformation goals, drive the telco to techco evolution within their organizations and realize business growth and profitability. For more information, visit www.netcracker.com. Contacts Media Anita Karvé Netcracker Technology [email protected]

Accelerators, incubators, and ventures play a crucial role in fostering innovative players, predominantly startups, in the ecosystem. They serve as the catalysts of web3 and blockchain adoption. TheNewsCrypto had the privilege of engaging with Markus Liman Rahardja, Chief Investment Officer of BRI Ventures, who emphasized the increasing role of accelerators in the industry. BRI Ventures is the venture capital arm owned by the Indonesian lender Bank Rakyat Indonesia (BRI). Diving deep into the development of Web3 and blockchain, BRI Ventures boasts an expert team on the lookout for emerging innovations. Could you take us through the BRI Ventures’ roadmap for H2 2023 as it emerges as a potential accelerator for Web3 initiatives? Markus Liman Rahardja (MLR): As a part of BRI Ventures’ initiatives, I would say that the firm is a part of big banks. The investment thesis is always way more strict compared to the traditional investors. When we explore blockchain initiatives and related projects, we definitely tend to focus more on the infrastructure aspect. By infrastructure, we mean everything that relates to strengthening the digital infrastructures such as payment rail, identities, and so on. We are exploring those things as part of our commitment to innovation. In your opinion, what do you think are the drawbacks of the conventional investment strategies used by traditional accelerators while approaching the Web3 and blockchain ecosystem? MLR: I think Web3 and Blockchain are unique in a way, finding real use cases for them is necessary. Web3 and Blockchain are definitely not about throwing out some new jargon. Unfortunately, most startups are kind of complicating even the simplest things. I think what we should not do is basically follow that route blindly. The accelerators in the space should focus on true value, and building the right products with the right people. It is not entirely about the valuation, it is more about the value or utility you bring to the market. BRI Ventures has also shown interest in NFTs. Back in late 2022, the firm funded an NFT project called SerMorpheus that focuses on enabling “drag-and-drop-NFT building.” Are there further plans to explore and engage with many NFT projects this year? Do you think there’s more to NFTs than just all the hype? MLR: I think if we talk about NFT, it is not only about arts or buying random pictures online. NFT is about the true value of the ownership. That ownership is assured and confirmed by smart contracts. These blockchain-based contracts can help you demonstrate ownership of specific digital assets and holdings. As time progresses, this concept might extend to physical assets as well. We are interested in NFTs because the idea of proving ownership, especially with unique knowledge, can be useful in many different areas. I think NFT is still in the early days. There’s still a lot more to do for growth and to be explored. I have also no idea what to look at in the markets today. Do you hold an optimistic or pessimistic view of the current landscape of crypto and Web3 adoption? What is your viewpoint regarding cryptocurrencies? MLR: The main focus is not just on cryptocurrencies, but rather on the technology of blockchain itself. I have no specific viewpoint towards them as those are just one of the use cases of blockchain. Blockchain technology has been around for many years down the lane. The best way is not to sell the technology but to deliver the use cases. It’s as simple as that. I think adoption will go along with more use cases making their way to people for use. What, in your perspective, are the most crucial factors that would aid startups to become market-ready and achieve successful fundraising? MLR: There’s one most crucial factor. It is simply to obsess with your customers. That’s it. Lastly, what led you to believe that Coinfest Asia 2023 is the Web3 event that you shouldn’t miss attending this year? MLR: The rare occurrence of such vast events like Coinfest Asia 2023 turns out to be the first and foremost event in Bali, Indonesia. Having pleasant weather where the event is planned to occur, is refreshing along with the networking people in the space. It’s a privilege to meet the trendsetters and giants of the industry, all at once. Thanks to Coinfest Asia for uniting and bringing a refreshing connectivity with the peers thereby flourishing the knowledge in crypto and networking blockchain. This makes the event more special. Disclaimer: The information provided in this interview article is for informational purposes only. It is not intended to be, nor should it be construed as, investment advice, financial guidance, or a recommendation to make any specific decisions. Readers are encouraged to conduct their own research.

The price of TON has increased by almost 50% during the last 30 days. If the price manages to break the recent high of $1.95 then further rally is expected. The Open Network Foundation (TON Foundation) has announced its formal start as a Swiss non-profit organization. This is in order to aid in the development of The Open Network (TON). The ability of the TON Foundation to effectively plan, strategize, and implement its purpose to promote the TON ecosystem is dependent on the country’s clear regulation in the long run. Steve Yun, President of TON Foundation stated: Furthermore, to encourage developer acquisition, user involvement, and network expansion, the TON Foundation has launched its Swiss organization at the same time as a number of other forthcoming initiatives. Defying Market Trend After launching Tact on August 22nd, a new programming language for establishing smart contracts on the network, investor interest in Toncoin has increased, pushing the price up 3% in the previous 24 hours to US$1.876 and 8.51% in the last 7 days. Source: CoinMarketCap Moreover, the price of Toncoin (TON) is maintaining its general upward trend despite a mostly consolidating cryptocurrency market. Also, the price of TON, for instance, has increased by almost to 50% during the last 30 days. At the time of writing the price of TON is $1.81 as per data from CMC. If the price manages to break the recent high of $1.95 then further rally is expected. However if the price manages to clearly break below $1.75 then a correction to $1.49 is on the cards.

BTC addresses in loss have begun to rise again, reaching its highest level in 7 months. The price has been consolidating for quite some time now. There are presently around 560,000 unconfirmed transactions on the Bitcoin network. Moreover, there have been considerable increases in transaction costs and delays in processing due to this congestion. The unusual network demand is related to the excitement around Ordinals and BRC-20 minting. According to the Mempool, miners are straining to keep up with the network’s record demand as the average block mining time has grown to 10.9 minutes. Former BitMEX CEO and co-founder Arthur Hayes has spoken out on what’s next for Bitcoin, predicting a bull run that is already underway and will become more evident in the following 6-12 months. Hayes discussed his forecasts for the Bitcoin market during his talk at Korea Blockchain Week. Pro-long Consolidation Phase Bitcoin’s price is stuck below the $26,000 level, unable to sustain a steady ascent, and the crypto market as a whole is experiencing an extended period of low volatility. This lull has lasted for weeks now, and there are no indications of a turnaround. Source: CoinMarketCap Moreover, Glassnode data shows that the number of BTC addresses in loss has begun to rise again, reaching its highest level in 7 months. At the time of writing BTC is trading at $25,741, down 0.05% in the last 24 hours. The price has been consolidating for quite some time now. If the price manages to break over the $26,100 resistance level then it is expected to rally all the way till $27,120. On the other hand, if the price manages to break below the $25,400 support level then a further decline till $24,780 is expected. The price is all set to burst in either direction, waiting for a catalyst, either negative or positive.

XRP has been navigating turbulent waters in recent months. After reaching a high of $0.936, the coin took a nosedive to hit the $0.5 mark, leaving investors in a state of uncertainty. With a current price of $0.502574 according to CoinGecko, XRP is experiencing a minor 0.3% decline in the last 24 hours, contributing to a seven-day slump of 4.8%. However, a recent price report has sparked hope among XRP enthusiasts, suggesting a potential rebound that could change the game for this digital asset. The report indicates that a potential rebound from the current bottom could serve as a catalyst for bullish momentum. If the crypto manages to break above the critical resistance level at $0.556, it is expected to ignite a surge in buying pressure, possibly driving the price up to $0.665. This price movement could rejuvenate investor sentiment and restore confidence in XRP as a viable investment option. Caution In A Downtrend For XRP Holders Despite the optimistic outlook, the report also offers a word of caution. In established downtrends, assets tend to undergo short consolidations to recover from exhausted bearish momentum before continuing their downward trajectory. For the Ripple native currency, this means that it may breach the $0.486 support level, potentially leading to a 13% drop to reach $0.42. Investors should remain vigilant and consider both the potential for a rebound and the risks associated with a further decline. Bybit Launches XRP/EUR Trading Pair In the midst of these price fluctuations, major cryptocurrency exchange Bybit has introduced a new trading pair that has caught the attention of XRP enthusiasts. The exchange recently launched the XRP/EUR trading pair, expanding its offerings for traders seeking exposure to the digital currency. This move comes as a welcome addition for users, providing them with the ability to buy and sell the crypto using Euros. Bill Morgan, a dedicated XRP supporter, shared a screenshot of Bybit’s blog post announcing the listing, highlighting the significance of this development for the crypto community. Bybit’s announcement states that the new trading pair aims to enhance users’ trading experiences on the platform, offering greater accessibility and convenience for those looking to trade XRP with European currency. As the crypto continues to grapple with market volatility and uncertainty, the introduction of the XRP/EUR trading pair on a prominent exchange like Bybit provides a glimmer of hope for XRP enthusiasts. The cryptocurrency’s ability to rebound and reclaim lost ground remains to be seen, but one thing is certain: the XRP community remains resilient and optimistic in the face of adversity. (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 Inside Bitcoins

Popular meme coin PEPE has recently come under the spotlight due to significant whale activity that has left many investors concerned about its future. Large holders of PEPE tokens have been selling their holdings at a loss, leading to increased market uncertainty. A recent report notes the meme coin’s price movements are strongly influenced by its presence in the social sector. However, over the last week, social activity surrounding PEPE has taken a notable downturn, with social engagements falling by 28% and social mentions decreasing by 18%. Whale Exodus: Massive PEPE Transfers Raise Eyebrows Lookonchain, a blockchain analysis platform, shed light on a puzzling development as it uncovered that three wallets, potentially controlled by the same individual, had transferred a staggering 1.5 trillion PEPE tokens to the popular cryptocurrency exchange, Binance. At current exchange rates, these tokens are valued at approximately $1.2 million. What raises eyebrows is the fact that these wallets sold their tokens at a price lower than when they initially acquired them, resulting in a collective loss of $242,000. This mass transfer followed an unexpected 16 trillion PEPE transaction on August 24, where the tokens were worth a staggering $1.45 million. Official Response: ‘Ex-Team Members’ Accused Of Theft According to a separate report, the team behind PEPE issued a statement alleging that “three ex-team members” had accessed the project’s multisig wallet without the consent of others and absconded with a substantial 16 trillion PEPE tokens. This revelation sent shockwaves through the community and further fueled the uncertainty surrounding the meme coin. While the recent decline in social activity and the questionable whale transactions have cast a shadow over PEPE’s future, an intriguing aspect emerges from the data. Despite the reduced social engagement, the weighted sentiment around the memecoin has continued to grow. This suggests that, at the time of writing, there are more positive comments and sentiments surrounding PEPE than negative ones, potentially indicating resilience within the community. As of the most recent data available, PEPE is trading at $0.000000801962 according to CoinGecko, with a modest 0.5% gain in the last 24 hours. However, over the past seven days, it has experienced a 6.5% decline in value. Investors and enthusiasts are now closely monitoring the situation, hoping for clarity and stability to return to the PEPE ecosystem. The meme coin’s future hangs in uncertainty, as the crypto community watches for further developments and the resolution of the alleged theft involving the 16 trillion PEPE tokens. (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 Box Mining

Chainlink (LINK) has been a standout in the crypto market recently, registering an 11% increase over the past six days, even as the broader crypto market sentiment remains subdued. Will Uptober Start Early For Chainlink? A significant factor that might be driving this price action is the behavior of LINK’s major holders. On-Chain analysis firm, Santiment, highlighted this in a recent tweet, stating: “Chainlink’s key shark tier that holds between 10K-100K LINK has been on an accumulation spree.” Diving deeper into the data, there are now 3,127 wallets holding between 10,000-100,000 LINK, marking the highest level since December 3, 2022. These wallets have added a staggering $9.6 million worth of LINK in just three days. Since September 3rd, there’s been a 3.2% rise in the number of wallets in this category, with 98 new wallets emerging. This group has accumulated 0.154% of the entire LINK supply in the same period. However, Chainlink’s journey hasn’t been entirely smooth. The token has been ensnared in a sideways range for an exhausting 485 days, which is over 15 months. The LINK/BTC pair has been on a downward trajectory for more than three years. Chainlink’s much-anticipated release of the Cross-Chain Interoperability Protocol (CCIP) was met with significant hype. Yet, despite its potential to revolutionize cross-chain communication, its release didn’t provide the expected boost to LINK’s price. Also the news that a tokenization experiment by interbank messaging system Swift and Chainlink successfully transferred value across multiple blockchains could not move price substantially. In June Chainlink and Swift announced that they would be collaborating with dozens of financial institutions such as BNP Paribas, BNY Mellon, The Depository Trust & Clearing Corporation and Lloyds Banking Group and others. However, the upcoming Chainlink’s SmartCon in October from October 2nd to 3rd might be the catalyst the token needs. Rumors are rife about a potential major announcement between Swift and Chainlink Labs, which could connect web3 infrastructure to the banks involved in previous tests. If history is any indication, Chainlink could experience a surge in price leading up to the event, driven by the euphoria and speculation. “Uptober” could come early for the Chainlink price. LINK Technical Analysis The recent 11% surge in LINK’s price suggests that the market might already be reacting to the upcoming hype. However, the 4-hour chart indicates a rejection at the 23.6% Fibonacci retracement level at $6.37, which aligns closely with the 200 EMA at $6.40. For LINK to sustain its upward trajectory, it’s imperative to breach this level, with the next significant target being the 50% Fibonacci retracement level at $7.08. The 1-week chart paints a picture of LINK’s prolonged downtrend. The recent hold above the 23.6% Fibonacci retracement level at $5.92 is a positive sign for the bulls, potentially paving the way for another try on the upper trendline of the downtrend channel. However, several difficult challenges lie ahead. The 50% Fibonacci retracement level at $7.20 is the first major resistance. If LINK can push past this, a breakout from the 15-month downtrend channel becomes possible. For this to happen, Chainlink would need to break above the $8.30-$8.40 area as it currently stands, and would then encounter the 78.6% Fibonacci retracement level at $8.58. Large selling pressure can be expected at this point. Should LINK falter at this juncture, a return to the downtrend channel is likely. Conversely, if the $8.58 mark is surpassed, it would signal a significant win for the bulls, potentially setting LINK on a path to challenge its 15-month high at $9.61.

Planetarium Labs announces Verse8 and Immortal Rising 2 at Korea Blockchain Week. Blockchain gaming continues to redefine online gaming experiences. Planetarium Labs, a rapidly growing Web3 gaming company that builds immersive, moddable, and community-centric gaming experiences for people around the world, has announced two new gaming titles at the prestigious Korea Blockchain Week (KBW). In an exclusive “Web3 Game Unplugged” event that was co-hosted by Animoca Brands, a Hong Kong-based game development and venture capital company, and Intella X, builders of a high-performance Web3 gaming ecosystem. The new games – Verse8 and Immortal Rising 2, have the gaming community excited and in eager anticipation since they are the first releases since the highly successful “Nine Chronicles,” Planetarium’s first fully on-chain idle RPG game. The new titles were built to deliver the excitement, engagement, and immersive experiences that players expect from next-gen blockchain offerings, complete with intricate storylines and substantial opportunities for modding, monetization, and social engagement with other players and gaming communities. Verse8 – Taking Traditional RPGs to New Heights Verse8 is an open-source, decentralized roguelike RPG protocol. It is an interconnected universe of moddable games, all of which are connected via multiplayer experiences, advanced game mechanics, immersive storytelling, vibrant communities, and realistic virtual economies. As gameplay progresses, players will become part of an intricate multiverse backstory. Furthermore, by combining powerful AI tools for world generation as well as game distribution and monetization, creators can seamlessly launch realistic and evolving virtual worlds of their own, using community hubs and on-platform experiences and tools to reach new audiences. Immortal Rising 2 – The Holy Anticipated Sequel Immortal Rising 2 is a Web3 competitive idle RPG game. The hotly anticipated title is the sequel to the highly successful Immortal Rising 1, which generated over $15 million in the Korean market alone and was the highest-grossing idle RPG mobile game for eight consecutive months. It retains the exciting pace and storytelling style of the original but has several notable enhancements designed to improve user experiences, such as the ability to transition to quarter-view during gameplay. By creatively leveraging Web3 tokenomics and implementing a highly entertaining dynamic guild warfare system, players will be incentivized and entertained to actively participate and influence in-game resources and rewards. Alan Lau, Chief Business Officer of Animoca Brands, also commented on the launch. Online gaming continues to evolve, and blockchain-based titles continue to expand and improve. With new capabilities and opportunities that are redefining best-in-class offerings, Verse8 and Immortal Rising 2 are poised to thrill millions of users around the world. Disclaimer: The information provided in this article is not intended to be, nor should it be construed as, advice, financial guidance, or a recommendation to make any specific decisions. Readers are encouraged to conduct their own research and consult with appropriate professionals before making any decisions.

B2BinPay launched a new v17 update, promoting seamless cryptocurrency transactions and improving your experience in the crypto world. B2BinPay is a reliable facilitator for merchants and enterprises that want to send or receive cryptocurrencies worldwide. Partner companies rely on B2BinPay for its smooth integration and simplified user interface, allowing companies to join the thriving crypto market. The new iteration taps into new functions and features that meet every business need while expanding current capabilities and enhancing user experience. Expanding Settlement Options With EURC and TUSD B2BinPay provides settlement options for merchants in currencies that are more secure in light of the highly volatile market. These settlement options include BTC, USDT, USDC, USD, and EUR. However, the new v17 update added Euro Coin and TrueUSD after acknowledging the rising demand for more stablecoins and diverse options. The new settlement options can be used alongside several token standards, such as ERC20, BEP20, and TRC20. Thus, merchants will have more flexible options to conduct business transactions. Merchants can now enjoy a broader range of payment solutions, including 25 tokens, 14 coins, and 14 stablecoins that are settled with the seven settlement options. EUROC is a stablecoin pegged to the Euro and established by the same founders of USDC, Circle. This coin quickly became one of the largest stablecoins and among the top 18 stablecoins, which makes it a reliable payment option for entities in the Eurozone. More Currency Options for Entreprise Clients. B2BinPay offers an enterprise blockchain wallet solution, which provides a broad ecosystem for corporations that deal only with cryptocurrencies and keep their assets in the same cryptos. The new v17 update enhances the token support for enterprises, with 113 new tokens and 14 stablecoins using 14 blockchain networks, such as Ethereum, Binance Smart Chain, TRON, and more. Revamped Pricing Model The new iteration of the B2BinPay v17 updated the pricing model for partner companies. Merchants can now enjoy decreased commissions from 0.5% to 0.4%, besides the new setup cost of $500. The new update also adds new commission tires starting from 0.25%, providing more flexible options for partner companies. On the other hand, for the enterprise blockchain wallets, the setup cost has been reduced from $1,500 to $1,000, which now includes deploying smart contracts in blockchains like Ethereum, Binance, and TRON, and more wallets like Stellar, Ripple, and Binance Coin. Also, the new v17 update introduces a comprehensive pricing system with no hidden activation fees and new commission categories ranging from 0.4% down to 0.05%. Redesigned User Interface and Experience Users can now find more filters in the Rates Tab to select currencies, search by alphabetical order, and utilise a favourite section. This enhancement makes decision-making and navigation smoother. The new interface now includes guides and explanations to onboard new users, allowing them to navigate the website more quickly. Moreover, the fees are more transparent now, and users can see transaction fees in their default currencies with the option to change the fee amount. Exploring New Functionalities The new v17 iteration comes with improvements to the features and functions, such as the dropdown menus, grouping options by currency and activity status, and search functions. Merchants can now remove the 7-day expiration date on the invoices and activate email notifications to create reports. Also, users can now easily remove wallets that have zero balances and deposits by clicking on the “Delete Wallet” button. Enterprise users will be able to explore wallet sorting according to currency and ID and new QR codes, which include the token symbol above the generated QR code. Users can now add or remove IPs from the IP whitelist after a password verification. An Improved Customer Support Streamline The customer support portal, Helpdesk, now shows a real-time notification with a number that shows new messages in the support ticket. This update helps users find new messages and makes getting support seamless. Final Thoughts The new B2BinPay v17 update is a comprehensive improvement for the website and the user experience, making it more functional and valuable for all users, with ongoing efforts to develop v18 and v19 to introduce additional updates and enhancements that meet contemporary industrial demands. B2BinPay is an official sponsor of the popular Atheltic Club during the 2023/24 Spanish La Liga campaign, empowering crypto solutions in diverse industries, besides the recent cooperation with Ledger to introduce Nano X wallet, exclusively customised wallets for new and established clients. With launching the new v17 update, these announcements crowned the endless endeavours and efforts to improve crypto payment solutions and customer experience. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

With Web3 technology and DeFi, the world of investing in fine art and rare collectibles is experiencing considerable transformation. Arkefi, a platform for investing in high-value real world assets (RWAs), is introduced to the Avalanche ecosystem by renowned decentralized tokenized markets infrastructure provider AllianceBlock. With the support of renowned art investment firm ARTBANX, Arkefi’s innovative strategy intends to transform the world of real-world asset (RWA) investments by giving crypto investors and High-Net-Worth Individuals (HNWIs) an accessible route to invest in prestigious works of art, automobiles, and collectibles. Despite the expensive treasures exhibited on Arkefi, anybody may participate because of the platform’s open philosophy. The initial listing, for instance, will take investments as small as $100 USD. The famous Danish-Vietnamese installation artist Danh Võ, situated in the thriving art center of New York City, will be included in Arkefi’s first luxury collectable investment. Võ has achieved international acclaim for his work, which has been shown at illustrious gatherings and venues including La Biennale di Venezia, the Solomon R. Guggenheim Museum in New York City, and Palazzo Grassi in Venice. Notably, Võ’s artwork consistently has yearly appreciation rates of above 10%. By using blockchain technology and decentralized finance (DeFi), Arkefi increases access to high-value and unique art, automobiles, and collectibles on a transparent and user-friendly platform. Illiquid and unbankable assets are also made more liquid. Arkefi will revolutionize how people invest in tangible assets because of its support from AllianceBlock’s blockchain expertise and ARTBANX’s experience in the art sector. Important Features of Arkefi By emphasizing user accessibility, transparency, and ease while running on AllianceBlock’s decentralized platform, Arkefi differentiates out: Unlocking Liquidity for High-Value RWAs: By utilizing their valuable yet otherwise illiquid assets as collateral to access these funds, HNWIs may use Arkefi to unlock the liquidity of their high-value RWAs. Earnings on Investment: Arkefi ensures investors get obvious advantages. The principal and pre-agreed return are immediately credited to the digital wallet in the event of a buy-back. If not carried out, purchasers acquire complete ownership, creating more potential for profit. RWA digital twins: The Arkefi technology tokenizes and fractionalizes the high-value artwork with a digital representation on-chain using the Nexera Protocol, allowing art investment and fractional ownership. Digital twins with Partial Ownership: A wider range of investors and art fans may now invest in tokenized works of art thanks to Arkefi’s partial ownership feature, which allows modest capital contributions in a portion of the work. Outlined Steps: The user-friendly, step-by-step instructions provided by Arkefi provide easy platform navigation. Curation and Preservation: Increasing Value Through curation, authenticity, and preservation, Arkefi adds value above and beyond its investing capabilities: Secure RWA Storage: Only pieces of art that fulfill strict criteria are offered for sale, and they are safely kept in Swiss bonded warehouses to preserve their value. Friendly Holding Terms for Investors: Sellers might use their collections as a source of liquidity. A piece of art is tokenized and shown on the platform to raise money. Buyers keep ownership if not repurchased, offering more prospects for profit. What Comes After for Arkefi A new benchmark for tokenizing RWAs has been established by the combination of ARTBANX’s expertise and AllianceBlock’s technology. NexeraID, AllianceBlock’s identity management and compliance system, will be integrated as part of next updates, along with secondary market trading, dynamic pricing mechanisms, insurance pools, and an expansion of the company’s product portfolio to cover additional high-value asset classes like automobiles and diamonds. By democratizing access to fine art and rare artifacts, Arkefi’s user-friendly strategy, supported by AllianceBlock, is altering the investing environment for RWAs. By fusing the worlds of expensive art and decentralized finance, the platform’s debut advances AllianceBlock’s goal of building the foundation for a decentralized tokenized market.

Two wallet addresses wrongly labeled as Polygon Foundation. These wallet addresses reportedly deposited 10.6 million MATIC into Binance in the last month. Polygon’s CEO, Marc Boiron, has denied any involvement by the Polygon Foundation in selling MATIC tokens. Two wallet addresses labeled as Polygon Foundation have raised eyebrows within the crypto community by depositing over 10.6 million MATIC tokens into the Binance exchange over the past month. While this has prompted concerns about potential token sales, Polygon’s CEO, Marc Boiron, has denied the report and any involvement by the foundation. According to data from the crypto intelligence firm Lookonchain, Polygon Foundation wallet address 0x8d36 made substantial deposits totaling 6 million MATIC, equivalent to approximately $3.35 million, into Binance within the past two days. Another wallet, 0xf957, attributed to the Polygon Foundation, transferred 4.6 million MATIC, valued at about $2.57 million, to Binance over the course of the last 30 days. In response to these findings, Polygon Labs CEO Marc Boiron refuted the claims of the foundation’s involvement in selling MATIC tokens. Boiron’s comments were made in a reply to a post by Lookonchain. Following that, Lookonchain clarified that the wallet addresses’ labeling as “Polygon Foundation” was derived from the renowned on-chain data analysis tool, Nansen. Nansen maintains a data warehouse containing millions of labeled wallets, helping categorize them based on various characteristics. Including profit generation from NFTs, participation in airdrops, or affiliation with organizations. However, Polygon’s founder, Sandeep Nailwal, also cautioned against labeling, urging careful consideration to avoid unnecessary FUD within the community. Notably, this marks the second instance of wrongly tagging the firm as Polygon. Polygon (MATIC) Price Action Despite Polygon’s swift denial of token sales, the notable surge in MATIC token transfers to exchanges by investors reflects a potential loss of confidence in the project. Coinciding with an 80.78% decrease in MATIC’s price from its all-time high. However, at the time of writing, MATIC is trading at $0.5616, marking a slight increase of 0.38% within the last 24 hours. Additionally, Polygon’s daily trading volume has seen a 3.32% uptick in a single day, reaching $231 million. Polygon (MATIC) Price Chart (Source: TradingView) Furthermore, the daily trading price of MATIC suggests a bullish trend, with prices currently situated above the 9 and 21-day cross moving averages, and the RSI indicator signaling an oversold state. This condition typically occurs when an asset has traded lower in price and has the potential for a price bounce. Will these transaction rumors affect Polygon (MATIC) price? Tweet to us at @The_NewsCrypto and let us know your thoughts. Recommended for you Polygon (MATIC) Price Prediction 2023