Bitcoin price is consolidating above $25,650 and $25,500. BTC could start a decent increase if the bulls manage to push it above the $26,200 resistance. Bitcoin is trading in a range above the $25,650 support zone. The price is trading below $26,000 and the 100 hourly Simple moving average. There is a short-term bearish trend line forming with resistance near $25,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could take a major hit if it continues to struggle below the $26,200 resistance zone. Bitcoin Price Starts Consolidation Bitcoin price remained in a range and settled well below the $26,200 resistance zone. It seems like BTC bulls are currently protecting a downside break below the $25,650 and $25,500 support levels. It is clearly consolidating above the $25,650 level. However, it is also below $26,000 and the 100 hourly Simple moving average. Besides, there is a short-term bearish trend line forming with resistance near $25,800 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $25,800 level and the trend line. The first major resistance is near the $26,000 level or the 23.6% Fib retracement level of the main decline from the $28,150 swing high to the $25,330 low. The next major resistance is now near the $26,200 level. A proper close above the $26,200 level might start a decent recovery wave toward $26,750. It is close to the 50% Fib retracement level of the main decline from the $28,150 swing high to the $25,330 low. Source: BTCUSD on TradingView.com The next major resistance is near $27,000, above which the bulls might gain strength. In the stated case, the price could test the $28,000 level. Another Drop In BTC? If Bitcoin fails to clear the $26,200 resistance, it could continue to move down. Immediate support on the downside is near the $25,650 level. The next major support is near the $25,350 level. A downside break and close below the $25,350 level might send the price further lower. In the stated case, the price could drop toward $24,800 or even $24,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $25,650, followed by $25,350. Major Resistance Levels – $25,800, $26,000, and $26,200.

Ethereum price is attempting a recovery wave above $1,620 against the US Dollar. ETH must settle above $1,650 to start a decent increase. Ethereum is slowly moving higher from the $1,600 support zone. The price is trading near $1,630 and the 100-hourly Simple Moving Average. There was a break above two bearish trend lines with resistance near $1,620 and $1,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if there is a close above the $1,650 resistance. Ethereum Price Holds Key Support Ethereum’s price managed to stay above the $1,600 support zone. ETH price is forming a base and is currently attempting a recovery wave above $1,620, like Bitcoin. There was a break above two bearish trend lines with resistance near $1,620 and $1,630 on the hourly chart of ETH/USD. The pair retested the 23.6% Fib retracement level of the main decline from the $1,750 swing high to the $1,600 low. Ether is now trading near $1,630 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,645 level. The next resistance is near the $1,660 level, above which the price could rise toward the $1,675 level. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the main decline from the $1,750 swing high to the $1,600 low is also near $1,675. The next major barrier is near the $1,700 level. A close above the $1,700 level might push Ethereum into a positive zone. The next resistance might be near $1,750. Any more gains might send the price toward the $1,800 resistance. Another Decline in ETH? If Ethereum fails to clear the $1,660 resistance, it could start another decline. Initial support on the downside is near the $1,620 level. The first key support is close to $1,600. A downside break below $1,600 might increase selling pressure. The next major support is near the $1,580 level. If there is a downside break below $1,580, the price could revisit the key $1,540 support level. Any more losses might send the price toward the $1,480 level or even $1,440. 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 – $1,600 Major Resistance Level – $1,660

SHIB price (Shiba Inu) is struggling below the $0.000008 resistance against the US Dollar. Shiba Inu could start a recovery wave if it settles above $0.000008. Shiba Inu price extended its decline and tested the $0.0000074 zone against the US Dollar. The price is now trading below $$0.000008 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB/USD pair (data source from Kraken). The pair could start a recovery wave if it clears the $0.0000078 and $0.0000080 levels. SHIB Price Faces Uphill Task In the past few days, SHIB price saw a steady decline below the $0.0000088 level. The bears were able to push the price below the key support at $0.0000080. Finally, Shiba Inu found support near the $0.0000074 zone. A low is formed near $0.00000739 and the price is now attempting a recovery wave, like Bitcoin and Ethereum. It is now consolidating near the 23.6% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low. However, SHIB price is trading below $$0.000008 and the 100 simple moving average (4 hours). Besides, there is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB/USD pair. On the upside, the bears are protecting the $0.0000077 level and the trend line. The next major resistance is near the $0.0000078 level or the 50% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low. Source: SHIBUSD on TradingView.com The main resistance is now forming near the $0.0000080 level. A close above the $0.0000080 level might send the price toward the $0.0000088 level. Any more gains might send the price towards the $0.0000092 level. More Losses In Shiba Inu? If Shiba Inu price fails to clear the $0.0000078 resistance, it could start another decline. Initial support on the downside is near the $0.0000075 level. The first major support is near the $0.0000074 level. The next major support is near the $0.0000072 level. If there is a downside break below the $0.0000072 support, there could be an extended decline towards the $0.0000070 zone. Technical Indicators 4 Hours MACD – The MACD for SHIB/USD is losing pace in the bearish zone. 4 Hours RSI (Relative Strength Index) – The RSI for SHIB/USD is currently below the 50 level. Major Support Levels – $0.0000075 and $0.000074. Major Resistance Levels – $0.0000078, $0.0000080 and $0.0000088.

September is gearing up to be a pivotal month in the crypto space, with a series of substantial token unlocks for Solana, ApeCoin, Worldcoin, Optimism, dYdX and Aptos on the horizon. Popular crypto voices, @TheDeFinvestor and @wacy_time1, have taken to Twitter to provide insights, speculations, and analyses on these impending events. Here’s a consolidated look at their perspectives. ApeCoin (APE) Set to witness one of the most significant unlocks this month, APE will release $54.8 million, which represents 11% of its circulating supply, on Sept. 17. Both influencers highlighted the magnitude of this event. @TheDeFinvestor pointed out that most of the unlocked tokens would go to insiders, specifically launch contributors. Drawing from history, the last time a large amount of APE tokens entered circulation, the price experienced a sharp dip. @wacy_time1 mentioned the potential risks of shorting APE, especially given its current position. Since the beginning of the year, the APE is in a steep downtrend which saw price decline by 80%. Worldcoin (WLD) WLD is set for a daily unlock of $3.38 million. @TheDeFinvestor emphasized that in a year, the circulating supply of WLD would be three times its current amount.The token’s value has reportedly decreased by almost 50% since its launch. Despite this downtrend, both influencers cautioned against shorting it due to its large VC backers and potential price manipulations. Solana (SOL) Solana is set for an unlock of $10.3 million from staking on September 7. @wacy_time1 provided an analysis suggesting that a majority of the 2756 stakers receiving 531,574 SOL might not immediately sell. The influencer believes that any price drop could be an accumulation opportunity, emphasizing the potential of Solana. Remarkably, just yesterday, Solana announced that payments giant Visa is scaling their USDC settlement pilot to include the Solana blockchain, enabling enterprise-grade throughput at virtually no cost for Visa issuers and merchant acquirers on Solana. The SOL price reacted with a 5% surge but couldn’t take out the 50% Fibonacci retracement level on the 1-day. As long as this mark is not surpassed on a daily closing basis, further upside potential seems ruled out. Optimism (OP) OP will unlock $32.3M, or 3.03% of its circulating supply, on Sept. 30. These tokens are designated for core contributors and investors. @TheDeFinvestor mentioned that these groups are typically the ones most likely to sell. However, @wacy_time1 expressed a more optimistic view, suggesting that the price might not react negatively. The influencer emphasized the potential of Optimism following the success of Coinbase’s Base and hinted at accumulation opportunities if any negative price reaction occurs. dYdX On Sept. 26, $13.7 million, about 3.8% of the dYdX circulating supply, will be unlocked. These tokens are allocated to the community treasury, liquidity provider rewards, and trading rewards. @TheDeFinvestor highlighted the mid-long term selling pressure these unlocks might introduce, while @wacy_time1 did not express significant concerns regarding this token’s unlock. Aptos (APT) A standard linear unlock of $25 million is scheduled for APT on September 12. @wacy_time1 shared that he doesn’t anticipate a significant price reaction and might consider buying APT for speculative purposes if it drops below $3. In light of these impending unlocks, the crypto community is advised to stay informed and exercise caution. The events of September are poised to offer both challenges and opportunities for crypto investors.

Shiba Inu (SHIB) has been making headlines once again, but this time for all the wrong reasons. The popular meme token has been under sustained selling pressure, leading to a significant crack in a critical support level. Despite the recent launch of Shibarium, a blockchain platform aimed at enhancing the SHIB ecosystem, the bearish sentiment seems to have a firm grip on the token’s price chart, raising concerns about the long-term outlook. The crack in SHIB’s armor became evident as it breached the crucial $0.00000807 support level, resulting in a 7.3% decline in its price over the past seven days. Currently, SHIB is trading at $0.00000764, as reported by CoinGecko, with a modest 1.5% gain in the last 24 hours. However, these numbers only tell part of the story. Shiba Inu’s Bearish Indicators Abound A deeper dive into the technical indicators as revealed in a recent report reveals a grim picture for SHIB. The Chaikin Money Flow (CMF) has seen a substantial decline, resting at the zero mark as of press time. This signifies a lack of buying pressure and strong capital outflows. Moreover, the Relative Strength Index (RSI) remains in a downtrend, hovering just above the oversold zone, highlighting the absence of demand for SHIB. Intriguingly, the report also points out that the levels at which bears could potentially profit might serve as a price reversal zone for bulls, drawing parallels with price action observed in early June. However, the 24-hour liquidation data from Coinglass suggests a muted possibility of a bullish uptick in the near future. Shiba Inu: The Indian Connection Despite the challenging times for SHIB, it continues to make waves on WazirX, one of India’s leading cryptocurrency exchanges. According to a recent tweet from the exchange, SHIB held its ground among the top three most traded digital currencies in August, alongside giants like Bitcoin and XRP. According to a report, this trend mirrors the performance observed in June and July, where these tokens showcased resilience, often trading in tandem with Bitcoin, the market’s heavyweight. The lackluster performance of SHIB in the face of the Shibarium launch and the bearish technical indicators raise concerns about its long-term prospects. Meanwhile, a price reversal cannot be ruled out, and SHIB’s latest dip could be just a bullish opportunity in disguise. (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 Getty Images

Story Protocol is building the infrastructure layer to power a new era of open and collaborative IP. The project launches with filmmaker David S. Goyer as an advisor. SAN FRANCISCO–(BUSINESS WIRE)–Story Protocol, an open infrastructure designed to power a new era of creativity and intellectual property (IP) ownership, has raised over $54 million in funding led by a16z crypto. Story Protocol is creating a new IP protocol optimized for the internet era. The project aims to democratize IP creation through a global and extensible IP repository. Story Protocol provides a streamlined framework to manage the entire lifecycle of IP development, enabling features like provenance tracking, frictionless licensing and revenue sharing. Made for creators across all media – prose, images, gaming, audio and more – applications built on Story Protocol give writers and artists the ability to track their work’s provenance, allowing anyone to contribute and remix while capturing the value of their contributions. “In a world of total abundance catalyzed by generative AI, blockchain technology presents the perfect solution for transparent provenance tracking and fair attribution,” said SY (Seung Yoon) Lee, Co-Founder of Story Protocol. “Story Protocol will usher in a new era of entrepreneurial creators and provide existing IP holders an entirely new way to engage audiences and advance their IP.” The project aims to attract a rich ecosystem of third-party developers providing services encompassing crowdfunding, capital formation, IP discovery, licensing modules, authentication for AI content, and community growth. Story Protocol presents an open and modular architecture that any application can plug into and its decentralized nature removes platform risk for ecosystem builders. “Web3 has the promise to help solve some of the longest-standing problems in the media and entertainment industries,” said Sriram Krishnan, General Partner at a16z crypto. “We believe that Story Protocol has the opportunity to revolutionize the future of IP for artists, fans, and developers by empowering creativity at the speed of the internet.” Funding includes participation from Hashed, Endeavor, Samsung Next, dao5, Insignia Venture Partners, David Bonderman (Founder & Chairman of TPG Capital), Si-hyuk Bang (Founder & Chairman of HYBE/BTS), Paris Hilton’s 11:11 Media, CH Kim (CEO of Krafton/PUBG), Kyung In Jung (CEO of Black Label), Wattpad Co-founder Allen and Eva Lau’s Two Small Fish Ventures, Alliance DAO, Foresight Ventures, Mirana Ventures, Balaji Srinivasan, Nicolas Berggruen, Charlie Songhurst, David Lee (SLVC), Sanghun Kim (Former CEO of Naver), Chang Kim (Founder of Tapas) and Roham Gharegozlou (Founder & CEO of Dapper Labs), among others. “Artists and fans are integral to any successful IP franchise, and Story Protocol will power platforms that allow them to participate in the creative process,” said Ben Enowitz, SVP, Corporate Development & Talent Ventures at Endeavor. “Technology cannot replace authentic, human creativity – but it can bring communities together to unlock the full potential of existing and new IP. We’re excited to support Story Protocol in expanding the ways IP is created and shared with the world.” In addition to the fundraising, Story Protocol welcomes David Goyer as an advisor. Goyer is a filmmaker and novelist best known as the screenwriter for the “Blade” trilogy (1998-2004) and “The Dark Knight” trilogy (2005-2012) and as the showrunner for the television series “Foundation” (2021) among others. He also has a proven track record of exploring new storytelling mediums such as gaming via Call of Duty and VR with Vader Immortal: A Star Wars VR Series. “I envision a future where creators will wield greater control over their IPs, extend their influence on a global scale, and cultivate direct connections with their community,” said David S. Goyer, filmmaker and advisor to Story Protocol. “Story Protocol marks a new era for the entertainment industry and the start of a new ownership model for creators and fans.” Story Protocol’s founding leadership team features a powerful mix of a serial entrepreneur and seasoned operators with diverse backgrounds in entertainment, web3, and artificial intelligence (AI). Co-founder Seung Yoon (S.Y.) Lee previously founded the mobile serial fiction platform Radish. Co-founder Jason Levy led content at Episode, a breakthrough storytelling ecosystem. Co-founder Jason Zhao served as a product lead at Google’s Deepmind, translating cutting-edge AI research into customer-facing applications. Weilei Yu led growth for Flow blockchain at Dapper Labs, helping bootstrap a multi-billion dollar ecosystem from inception and onboarding thousands of developers. Leo Chen was the founding VP of Engineering at Harmony Protocol and previously served as Tech Lead at Amazon and built the first hardware-assisted storage virtualization engine. Ben Sternberg most recently served as CFO of Radish Media and previously co-founded and exited Fexy Media to IAC. Susan Park served as a design lead at Google where she spearheaded Google’s first web3 patent filings and is a leading art education influencer as @thatsprettyneat on Tiktok and Instagram. For more information about Story Protocol visit: https://www.storyprotocol.xyz/ To access the media kit, please click here. About Story Protocol Story Protocol was founded by a team of serial entrepreneurs and experienced operators with a diverse background in consumer tech, generative AI (Deepmind), and Web3 infrastructure (Flow and Harmony). Backed by top investors like a16z crypto, Endeavor, Samsung Next, and Hashed, Story Protocol is building the infrastructure layer to power a new era of open and collaborative IP. Story Protocol’s mission is to grow the creativity of the internet era. Contacts Press Inquiries: [email protected]

Remote-First-Company/SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. announced today that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Barclays Global Financial Services Conference on Tuesday, September 12, 2023 at 11:15 a.m. ET / 8:15 a.m. PT. A live webcast and replay of the virtual session will be available on Coinbase’s Investor Relations website at https://investor.coinbase.com. Disclosure Information Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our Twitter feed (@coinbase), our Facebook page, our LinkedIn page, our YouTube channel, and Brian Armstrong’s Twitter feed (@brian_armstrong) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. About Coinbase Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Contacts Press: [email protected] Investor Relations: [email protected]

Bitcoin (BTC), the leading cryptocurrency in the market, continues to exhibit a stagnant price movement. However, a notable development has emerged as BTC struggles to sustain consolidation above the critical $26,000 threshold. This could potentially present challenges for the cryptocurrency’s performance. Currently trading at $25,700, Bitcoin is on the cusp of a significant breakout. This breakout can exert pressure on short positions and liquidity pools positioned above or to fill the gaps on lower levels of the Chicago Mercantile Exchange (CME). What’s more concerning is that these gaps are located near what many experts believe to be the bottom of the Bitcoin bear market. Bitcoin Double Top Formation And Implications For Price Renowned crypto analyst Rekt Capital has recently shared valuable insights on Bitcoin’s price action and charts, shedding light on the likelihood of the cryptocurrency filling the CME gap at $19,500 and $20,500. In a YouTube video uploaded on September 5, Rekt Capital emphasizes the significance of BTC’s weekly chart in understanding its recent movements. According to Rekt Capital’s analysis, Bitcoin’s weekly chart reveals a double top formation at $30,800, a pattern historically followed by symmetrical downside movements. Drawing from this observation, Rekt Capital suggests that the current price action could potentially open the doors to filling the CME gap at $19,500 in the short term. Another factor highlighted by Rekt Capital is the importance of the $26,000 support level, which Bitcoin is currently losing. The analyst suggests this loss could further extend BTC’s downside price action, bringing it closer to the CME gap. Adding to the concern, Rekt Capital points out a bearish fractal published on August 30, in which Bitcoin’s weekly chart indicates a lower high, signaling a continuation of the downtrend. In the event of a revisit to the sub $20,000 level, Rekt Capital notes the possibility of a head and shoulders pattern forming on BTC’s weekly chart. While the right shoulder of the pattern is yet to be completed, the overall structures indicate that the pattern could eventually be fulfilled. Rekt Capital’s analysis underscores the significance of BTC’s current price action and charts, highlighting potential scenarios such as filling the lower CME gap and navigating the obstacle presented by the already filled gap at $28,000. The outcome of these scenarios for the dominant cryptocurrency in the market is yet to be determined. However, what is evident is the prevailing bearish sentiment that has gripped the Bitcoin market, instilling apprehension among investors. BTC has experienced a 0.8% decline over the past 24 hours and a 7.8% decrease over the seven days, with its current trading price falling below the $25,800 mark. Featured image from iStock, chart from TradingView.com

Ethereum has seen the price of its native token ETH drop alongside Bitcoin as the bear market continues to gain group. This has triggered fear among investors, leading to high selling pressure on the digital asset. Even the Ethereum whales are now dancing to the tune of the bear market as they have begun to send large amounts of ETH to centralized exchanges. Ethereum Whales Push Toward Selling A recent Santiment report posted on the X (formerly Twitter) platform has shown that Ethereum whales may be looking to exit stage left at this time. The chart which was posted by the on-chain data tracker shows that whales were moving 300,000 ETH to centralized exchange Coinbase. The transfer took place across two transactions carrying 150,000 ETH each. At the time, each of the transactions was carrying ETH worth $243 million to the exchange. So in total, both transactions saw a total of $486 million in ETH moved to Coinbase. Despite being such closely watched transactions, there have been no indications of what the whales intend to do. Usually, coins moving toward centralized exchanges means sell-offs, especially for large investors, who do so to minimize the impact of their selling as much as possible. However, the price of Ethereum is still trading close to where it was on Monday, and if these whales were looking to sell, then such activities would’ve led to a fast plunge in the price of ETH. There is also the fact that once the ETH was transferred to Coinbase’s hot wallet, they would be further broken down into smaller chunks of 4,282 ETH, which were then moved to other wallets. But even this doesn’t paint a clear picture of why the ETH was moved to Coinbase in the first place. Bears Take Over With Negative Sentiment The selling pressure that the Ethereum price has been under recently has not come out of nowhere. The Crypto Fear & Greed Index had moved into the fear territory following the market crash. This meant that investors were more likely to sell their holdings than put new money into the market. Related Reading: On-chain Sleuth Potentially Unveils Shiba Inu Founder With Shocking Affiliates For ETH, it has now become a battle for the bulls given that the bears have successfully dragged the price below the 50-day moving average. This points toward more bearish momentum for the asset in the short term. However, it is not all bad. Usually, when indicators have dropped so low, it can often be a bounce-off point for a recovery. So while ETH may be looking toward more bear movement for the near term, the digital asset could be close to another rally, possibly pushing its price above $1,700 once more. ETH’s price is changing hands at $1,624 at the time of this writing. It’s down 0.90% and 1.31% on the daily and weekly charts, respectively.

The crypto market has witnessed several fluctuations, but specific sectors’ resilience within this domain remains attractive. Recently, despite a noticeable dip in the broader crypto market, one area seems poised to touch its peak, demonstrating the potential and adaptability within the crypto ecosystem, per a report. Liquid staking, a sector that facilitates rewards for token pledges supporting blockchain operations, shows signs of resurgence. This re-emergence occurs despite an overarching downturn in crypto assets. Recovery Amid Crypto Crisis According to Bloomberg, citing data from DefiLlama, there is a roughly 292% surge in assets secured in liquid staking services, reaching a monumental $20 billion from a low in June 2022. This ascent is all the more significant considering the broader crypto slump during that period. Bloomberg noted a recovery in liquid staking’s position as “the titan of decentralized finance (DeFi).” Thanks to blockchain-based automated software, this crypto framework enables individuals to trade, borrow, and lend without intermediaries. Notably, once the crown jewel of DeFi applications, liquid staking has overtaken lending. Protocols specialized in liquid staking, such as Lido and Rocket Pool, witnessed their zenith in April of the previous year. They amassed assets slightly exceeding $21 billion. However, this momentum was disrupted by the destabilization of TerraUSD, leading to a massive $2 trillion setback in the crypto market. Despite the gloomy overtones in the crypto sector, where major tokens and a majority of DeFi services are yet to recover from the blows of 2021 and 2022, liquid staking stands out, showcasing a comeback, as seen in the chart below. Global Regulatory Stance On Staking Liquid staking plays a pivotal role, especially in the Ethereum blockchain. It offers a mechanism where users can stake their tokens and, in return, receive a liquid token representing their staked amount. This process allows users to participate in securing the network while maintaining liquidity. Simply put, they can earn staking rewards without locking up their assets, ensuring flexibility and maximizing potential gains. Kunal Goel, a research analyst at Messari, parallels these services to “the on-chain equivalent of government bonds.” The analyst elaborates that while these aren’t devoid of risks, they exude a comparatively lower risk profile and, thus far, have remained untainted by hacks or exploits. This resurgence in liquid staking doesn’t go unnoticed and has been juxtaposed with regulatory decisions concerning crypto globally. The US, for instance, has intensified its regulatory lens on the crypto sector, especially on staking products. Such measures prompted key players like Kraken and Bitstamp to halt their regional staking products. Richard Galvin, co-founder at DACM, noted: Featured image from iStock, Chart from TradingView

Next-generation domain name company D3 Global is excited to announce the completion of its $5 million seed funding round, which was led by Shima Capital and included participation from Lightshift, Dispersion Capital, VentureSouq, Infinite Capital, MZ Web3 Fund, Kestrel0x1, Nonagon, C² Ventures, Arthur Hayes’ Maelstrom, and Identity Digital founder Paul Stahura. D3, a company established in May 2023, promises to transform the Domain Name System (DNS), the root layer of the Internet and a real-world asset class. In order to provide secure identities that are natively supported on all browsers and devices, D3 wants to apply for and obtain additional Top Level Domains (TLDs) during ICANN’s next application window in collaboration with top Web3 ecosystems and for the betterment of their communities. By enabling interoperability between Web2 and Web3, D3’s patent-pending technology will also improve utility, security, and all-inclusive access to crucial internet infrastructure. D3 will also provide the first on-chain marketplace for legacy domains in the sector, facilitating the tokenization of over 1,000 TLDs like.COM,.NET, and.XYZ to increase the liquidity available to domain investors. The conflict often present in domain name sales, such as lack of transparency, excessive broker fees, transfer delays, and escrow services, is anticipated to be considerably reduced as a result of this step.

MPB’s founder has stated that the initiative is a Ministry of Education initiative. The trial program’s training, facilitated by Bitcoin Beach, will begin on September 7. El Salvador’s Ministry of Education collaborated with the non-profit group Mi Primer Bitcoin (MPB), to include Bitcoin teaching into the national curriculum by 2024. MPB’s founder, John Dennehy, has stated that the initiative is a Ministry of Education initiative. And that MPB is contributing to it together with Bitcoin Beach. Dennehy claims that the Mi Primer Bitcoin course, upon completion of which students obtain a certificate, will serve as the major resource for the Bitcoin part. Moreover, the trial program’s training, facilitated by Bitcoin Beach, will begin on September 7, he stated. Also, 150 public school educators from seventy-five schools will be put through the Bitcoin diploma program. In order to get a “base knowledge” of Bitcoin. Global Initiative According to Dennehy, after the teachers have completed their first training. They will return to their respective schools and implement the Ministry of Education’s curriculum. Furthermore, he predicted that the program will be implemented in every school in the nation next year. This would be if it proved to be effective. Over 25,000 children in El Salvador have been exposed to Bitcoin in the classroom, according to community activist Roman Martnez, who was recently interviewed by Bitcoin Beach. Dennehy emphasized that spreading knowledge about Bitcoin is a global initiative, even if the immediate focus is on El Salvador. According to him, MPB has had preliminary discussions with two additional Latin American countries interested in introducing Bitcoin education for local children in the vein of El Salvador. Moreover, sign-ups for Bitcoin Cuba’s inaugural edition of its own variant of Mi Primer Bitcoin opened on September 4. Highlighted Crypto News Today: Shiba Inu Outlines Key Shibarium Focus Areas As Adoption Swells

Payment giant VISA has significantly moved in the digital currency space by expanding its stablecoin settlement services to the Solana (SOL) blockchain. According to recent announcements, the company aims to enhance the capabilities of traditional payment systems through this pilot program, which is currently in the testing phase. This initiative is expected to improve cross-border settlement speeds and offer a modern option for clients to send and receive funds through Visa’s treasury. In collaboration with merchant acquirers Worldpay and Nuvei, this expansion reinforces Visa’s commitment to staying at the forefront of digital currency and blockchain innovation, according to VISA’s head of Crypto, Cuy Sheffield. VISA Expands Stablecoin Settlement Services To Solana Solana, a blockchain platform known for its scalability, has been chosen by VISA to extend its stablecoin settlement capabilities. With Solana’s existing support for Ethereum (ETH), VISA is leveraging the strengths of both platforms to facilitate efficient and secure transactions. Per the announcements, VISA aims to enhance cross-border settlement efficiency by leveraging stablecoins such as USDC (USD Coin) and utilizing the global blockchain networks of Solana and Ethereum. This integration allows users to benefit from the advantages of Solana’s blockchain, such as fast transaction speeds and low fees. Furthermore, integrating VISA’s stablecoin settlement services with Solana provides increased utility and credibility to the platform and its native cryptocurrency, contributing to the SOL value surge. Overall, VISA’s decision to expand its stablecoin settlement services to the Solana blockchain signifies the company’s recognition of the potential offered by blockchain technology and digital currencies. VISA’s selection of Solana as a partner underscores its reputation as a scalable and efficient blockchain platform. The positive market response, as evidenced by the surge in SOL’s price, highlights the growing confidence in the potential of both Solana and stablecoin solutions. As VISA continues to explore and embrace digital currency innovations, it reinforces the ongoing transformation of the global financial landscape. Bullish Momentum For SOL The recent announcement of VISA’s expansion into the Solana blockchain has notably impacted the price of SOL, Solana’s native cryptocurrency. Since the news broke, SOL has surged by 5.2% in the past 24 hours, currently trading at $20.46. This surge reflects the market’s positive response to VISA embracing Solana’s capabilities. In the immediate term, bullish investors will face a key resistance level of $20.82, which was lost on August 30 after a consolidation period of 15 days following a sharp decline influenced by the overall market trend. Should bulls successfully overcome this resistance level, the next hurdle to watch out for would be the 50-day Moving Average (MA) at the $21.89 level. This moving average could act as a further resistance level for the token. On the downside, if any of these possibilities don’t play out, SOL bulls will need to defend the $19.15 level and strive to consolidate above this crucial point. Conversely, Solana’s circulating market capitalization currently stands at $8.25 billion. However, over the past 30 days, it has declined 12.47%. Featured image from iStock, chart from TradingView.com

Cross-chain bridge Synapse has seen the value of its native token SYN plummet after a liquidity provider (LP) dumped all their tokens. According to data from CoinGecko, the token’s price declined by nearly 25% a few hours after the sell-off. On Tuesday, 5th of August, Synapse Labs announced – via a post on X (formerly Twitter) – that one of the liquidity providers sold their SYN tokens and removed liquidity from the Synapse protocol. Lookonchain reported a whale dumping 9 million SYN tokens an hour after this disclosure. According to the on-chain analytics platform, the whale sold the tokens for roughly 2.35 million USDC in two separate transactions at $0.26. Additionally, Lookonchain revealed that the whale received these offloaded funds from the “Synapse: Executor 2” wallet, establishing a link with Synapse Labs’ recent announcement. Meanwhile, Colin Wu’s report corroborated this on-chain discovery while adding that $37.537 million in stablecoin liquidity was removed from the Synapse protocol. Crypto Community Points Finger At Nima Capital Various reports have emerged in the last few hours, speculating on the identity of the liquidity provider responsible for the 9 million token sell-off and liquidity removal. Crypto researcher Wazz claims that Nima Capital is the LP behind these actions and has broken its liquidity-provisioning agreement eight months early. In March, Nima Capital, a crypto venture capital firm, was designated Synapse’s first liquidity provider. According to the proposal, the firm committed to providing $40 million in actively managed stablecoin liquidity over twelve months while receiving 33% of bridge and swap fees. Nima Capital appears to have limited its digital presence. As of this writing, the company’s website is offline and inaccessible to the public. Meanwhile, access to the firm’s X account has been restricted and is only available to confirmed followers. It is worth noting that Synapse Labs didn’t reveal the identity of the liquidity provider in its announcement, and the team has yet to provide any further updates on the situation. The liquidity removal and token sell-off have also impacted Synapse’s total value locked (TVL). According to DefiLlama data, the cross-chain protocol’s TVL has dipped by nearly 20% in the past day. SYN Succumbs To Selling Pressure, Price Dips By 25% As noted earlier, the value of SYN suffered an almost 25% decline after the liquidity provider dumped its holdings. The token’s price crashed from $0.401 to $0.309 in hours. SYN has since been showing glimpses of recovery, as it now trades above $0.35. According to CoinGecko data, the token is valued at 0.356092, with a 0.5% price increase in the past hour. A broader look at its price performance shows that the SYN token has struggled in the last few months. After notching a yearly high of $1.59 in late February, the cryptocurrency has reversed all its gains, trading 77% beneath the 2023 peak.

The price of DeepFakeAI (FAKEAI) climbed 120% over the past week. If the bullish trend persists, DeepFakeAI (FAKEAI) may hit $0.001534 by the end of 2023. In the crypto market overshadowed by the decline of leading altcoins, a low-cap alt — DeepFakeAI (FAKEAI) — defies the odds. This cryptocurrency exhibited a 120% price surge over the last 7 days from $0.0005304 to $0.00108, at the time of writing. DeepFakeAI is an emerging platform with the potential to forge blockchain and deepfake technology and revolutionize content creation. This innovative technology utilizes deepfake techniques to enhance visual effects and computer-generated imagery (CGI), leading to the seamless integration of digital elements into live-action footage. DeepFakeAI 24-Hour Price Analysis A glance at the daily trading price chart reveals DeepFakeAI’s sustained bullish trend, with the current price trading above the 50-day moving average (50 MA). FAKEAI/WETH Price Chart — MA, RSI & RVI (Source: TradingView) The daily relative strength index (RSI) stands at 64.70, firmly positioning DeepFakeAI within the overbought zone. This suggests increasing investor interest in the project’s future prospects. Furthermore, the altcoin’s average directional index (ADX) currently stands at 72.78, signifying a very strong favorable trend. On the other hand, the relative volatility index (RVI), registered at 60.2, displays high volatility in DeepFakeAI’s price movements. This volatility may present both opportunities and challenges for traders and investors. According to CoinMarketCap, at the time of analysis, DeepFake AI (FAKEAI) traded at a price of $0.001082. As reported by the project, the crypto’s market capitalization stood at $1.1 million. DeepFakeAI (FAKEAI) Price Prediction 2023 At the time of analysis, DeepFakeAI (FAKEAI) ranked 2986 on CoinMarketCap in terms of its market capitalization. The daily price chart given below highlights an overview of the DeepFakeAI price prediction for 2023. DeepFakeAI Price Chart (Source: TradingView) As per the above chart, the price momentum of DeepFakeAI (FAKEAI) is currently contained with an ascending channel pattern, also known as the rising channel. This pattern is generally a characteristic of a bullish trend. If the pattern trend continues or reverses, then the price of FAKEAI will correspondingly mark its movement to the following resistance levels and support levels: Resistance Level 1 $0.001534 Resistance Level 2 $0.011334 Support Level 1 $0.000536 Support Level 2 $0.000184 FAKEAI Resistance & Support Levels In conclusion, if bulls dominate the price action, DeepFakeAI (FAKEAI) might rally to hit $0.001534 by the end of 2023. Conversely, if the bears take over, DeepFakeAI (FAKEAI) will breach the support levels and may hit $0.000536. DeepFakeAI’s ascent in this bear market hints at the cryptocurrency’s potential. As the crypto and tech communities continue to evolve, DeepFakeAI’s unique capabilities are expected to leave a lasting impact on various sectors, from entertainment to marketing. Investors and enthusiasts alike are keen to watch the project’s market dynamics unfold. Disclaimer: The opinion expressed in this chart is solely the author’s.The information provided in this 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. TheNewsCrypto team encourages all to do their own research before investing.

Shiba Inu devs focus on Shibarium, planning to reduce token supply via the burn portal and BONE contract renouncement. The layer-2 hits 1 million wallets, plans for third-party token bridge partnerships for interoperability. Devs prioritize user growth, utility, and infrastructure in Shibarium, emphasizing real-world value and community empowerment. The developers behind popular meme coin Shiba Inu have highlighted upcoming areas of focus as adoption of their Shibarium layer-2 blockchain continues to rise swiftly. According to screenshots shared by team member Lucie, lead developer Shytoshi Kusama stated that the burn portal and renouncing the BONE contract are new priorities. Kusama previously noted that the burn portal was in development. While underscoring the importance of driving SHIB adoption overall, Kusama said burns are not the sole solution. The long-awaited burn portal will help reduce token supply as the community desires. Shibarium surpasses several milestones Preparations are also underway to renounce the BONE contract this week, per developer updates. Additionally, Kusama mentioned a Shibarium Wiki is in progress. Shibarium has already exceeded 1 million wallets and total transactions since its public re-launch on August 28th. Collaborations with third-party token bridges are also planned to boost interoperability. The latest priorities indicate the team’s focus on attracting users, increasing utility, and building out essential infrastructure in Shibarium’s early days. While speculative hype initiated SHIB’s meteoric rise, developing lasting real-world value now takes center stage. The burn portal and BONE renouncing help advance decentralization and empower the community. The team’s emphasis on driving adoption shows their commitment to boosting daily active usage of Shibarium. Alongside hyped features like burning, fundamentals remain vital for ecosystem growth.

On-chain data shows that 44.2% of all Ethereum investors are now carrying their coins at a loss, a sign that the bottom may be close for the asset. Ethereum Percentage Of Holders In Loss Has Surged Recently According to data from the market intelligence platform IntoTheBlock, the percentage of ETH investors in loss has grown sharply since early July. The relevant indicator here is the firm’s “Historical In/Out of the Money,” which tells us about the percentage of Ethereum investors in profits and losses and those that are just breaking even. The metric determines whether an investor is in profit or loss by looking at their address history to check for the average price at which they acquired their coins. Naturally, if the asset’s current spot price is less than a holder’s cost basis, then that particular holder is carrying their coins at a net profit. Similarly, the cost basis being equal to and less than the spot price would imply that the investor is breaking even on their investment and holding at a loss, respectively. Now, here is a chart that shows the trend in the Historical In/Out of the Money indicator for Ethereum over the past few years: IntoTheBlock has only listed the data for the Ethereum investors in losses, as this is the number of interest in the current discussion. The combined percentage of the investors breaking even and carrying profits can also be deduced from this value, as the total percentage must add up to 100%. In early July, Ethereum holders underwater were at about 27%. It’s visible in the graph, however, that the indicator has observed a notable uplift since then, as the price of the cryptocurrency has registered a drawdown. Today, the indicator’s value is at 44.2%, meaning that almost half of the Ethereum user base is holding their coins at losses. Generally, the more the investors get into profits, the more likely they become to sell to harvest those gains. Due to this reason, corrections in the asset become more probable to form whenever an extreme majority of the market is enjoying profits. A large percentage of the holders being in losses instead, however, can have the opposite effect on the price since they can lead towards bottoms as profit sellers become exhausted. Related Reading: This Could Be The Metric To Watch For A Bitcoin Bounce: Santiment Since the start of the bear market last year, the highest the metric’s value has gone is 50%, implying that exactly half of the investors had been in losses back then. This value isn’t too far off from the current one, suggesting that Ethereum may be close to forming a bottom. If a similar loss percentage is hit with the bottom this time, ETH would first suffer from some more downtrend so that enough investors drop underwater. ETH Price Ethereum has continued to move flat recently; as of this writing, it trades at about $1,600.

One-time 72-hour sale begins 12:01 a.m. Sept. 17 as Utherverse looks toward 2024 launch of next-generation platform NEW YORK–(BUSINESS WIRE)–Utherverse, one of the largest metaverse platforms in the world, just announced that it is offering NFT trunks for sale containing a variety of NFTs ranging from designer wardrobe to virtual properties. In an unprecedented move to stimulate the Utherverse virtual economy, each trunk, which will sell for 0.3 ETH, will also contain 0.3 ETH, thereby making the cost of the trunks and their contents free and providing consumers with funds to begin their Utherverse experience. The Uther trunk sale will last only 72 hours, with a presale starting 12:01 a.m. Sept. 17 followed by a public sale Sept. 18-19. There will be a limit of 20 trunks per person. Utherverse is making the one-time offer to encourage economic activity within its next-generation platform set to launch in 2024. More information on purchasing trunks is available at https://www.utherverse.io/fnft-gen-2. A video on the trunk sale can be viewed at https://youtu.be/flltEXzl5ac?si=ZwL6H3TcH5mlX70M. “Giving people back their money when the trunks open will be like them finding a huge pile of cash,” said Brian Shuster, Founder and Chairman of Utherverse. “This assures us that trunk buyers will be engaged with the project, and when our metaverse comes out of beta testing there will be a huge stimulation of the virtual economy within the platform.” Utherverse will offer four different rarity-based male and female trunks, with each trunk holder receiving: One Gen 2 Uther trunk. 6-15 wardrobe items (rarity-based) including particle effect clothing not available anywhere else. One Utherverse property, either a penthouse, sub-penthouse, luxury apartment or upscale apartment (rarity-based). 0.3 ETH (or USD equivalent value at time of purchase). One ticket to the first-ever Utherverse Festival & Concert. Additional items and perks based on rarity. Utherverse will launch a closed beta of its next-generation platform Sept. 26. The closed beta will provide a preview of its Web3 capabilities as well as test and continue the final build-out of the next generation of the popular platform. Users will be able to claim their Utherverse usernames and begin to experience the Web3 version of the platform with experiences such as such as outdoor concerts, rooftop dance clubs with live DJs, film and movie screenings, shopping, art galleries and much more. In addition, users will be able to interact with each other in a variety of settings, as well as buy and sell virtual goods and participate in other e-commerce opportunities. Utherverse is a metaverse platform that enables developers to build interconnected virtual worlds, provides hyper-realistic immersive experiences for consumers and opportunities for companies to market and monetize their products and services. Utherverse generates revenue from custom metaverse building services, sales of NFTs and a variety of business verticals including advertising/marketing, shopping/retail, conferences/conventions, education, dating, lifestyle, entertainment events/performances, VIP experiences and virtual offices. The Utherverse platform was launched in 2005 by internet visionary Brian Shuster. The platform has served 50 million+ users with 32 billion+ virtual commerce transactions. Utherverse has developed the technology and received more than 80 patents critical toward operating large-scale metaverses. The company is based in British Columbia, Canada. More information can be found online at Utherverse.io; Twitter/Instagram: @Utherverse; Facebook: /UtherverseDigital; LinkedIn: /utherverse-digital-inc/; Telegram: /UtherverseAnnouncements; Discord: /Utherverse.io. Images to accompany the story are available at: https://web.tresorit.com/l/3ipHw#CWzsGKt89BZ8OHkGD0Hb1Q Contacts Steve Honig The Honig Company, LLC 212-401-4875 [email protected]

The XRP price has been showing promises of a price spike since Ripple’s victory against the US SEC. Many community members are currently keeping a close eye on the cryptocurrency, and hoping for a significant price increase. One crypto analyst, in particular, has predicted a massive run for the altcoin that could see its price hit triple-digits. XRP Predicted To Reach $130 In Next Bull Run Following its partial victory against the United States Securities and Exchange Commission (SEC) in July after Judge Analisa Torres ruled in favor of Ripple labs, XRP, the native token of Ripple, has fluctuated heavily despite the positive sentiment surrounding it. Nevertheless, an analyst sees a potential bull run for the altcoin. Crypto analyst and XRP influencer, XRP Captain, has predicted a significant price jump for the XRP token on an X (formerly Twitter) post. XRP Captain shared a chart with a symmetrical triangle pattern which he used to predict XRP’s $130 future price movement. Apparently, XRP has a history of symmetrical triangle patterns. In 2017, the cryptocurrency broke out of a similar symmetrical triangle pattern which pushed the token to new all-time highs. As for when this will happen, the analyst points toward the expected 2024 bull run. The analyst is not the only one who has predicted a bull run for the altcoins. Earlier in August, a pseudonymous analyst also predicted a massive rally for XRP that could see the token reaching its previous all-time high of $3. In this case, the analyst highlighted that the XRP/BTC pair had finally reclaimed the 20-day and 50-day moving averages, and the last time this had happened had also been back in 2017. This led to an over 500% increase in the price of the altcoin at the time. Crypto Community Uncertain About Analyst XRP Price Prediction Following XRP Captain’s prediction of XRP’s possible bull run, other crypto analysts have also shared their thoughts on the sheer incredulity of the prediction. Another crypto trader and chartist, JD was enthusiastic about the technical patterns XRP price charts were displaying. He explained that the symmetrical triangle was accurately represented. However, he could not see the price of XRP reaching three digits. “I just can’t see that 3 digit target. $20s are still in the cards though,” he stated. XRP price has also been notably down. However, XRP Whales are not deterred as these large investors are taking advantage of the market downturns and buying up hundreds of millions worth of tokens. XRP is currently looking toward a reversal with its price seeing meager gains of 0.02% in the last day. However, it is still struggling on the weekly chart with losses of 2.61%.

Visa is expanding its USDC settlement pilot to the high-speed Solana blockchain, citing enterprise-grade capabilities. The move adds merchants Worldpay and Nuvei to pilot USDC settlements for Visa payments over Solana. For Visa, the expansion marks a milestone in practically applying decentralized blockchains for payments. Visa is bringing its stablecoin settlement pilot to the Solana blockchain, enabling high-throughput transactions with negligible costs for issuers and merchants using USDC. The move comes after an extensive evaluation of Solana’s speed, costs, and decentralization. Visa cited demand from clients to leverage newer, high-performance chains for moving USDC settlements. Two additional merchants, Worldpay and Nuvei, will join the pilot, settling Visa payments in USDC over Solana. This real-world adoption validates stablecoins’ potential role within mainstream payments, integrated with existing systems. Visa Taps Solana for its Features Visa is aiming to provide enterprise-grade blockchain infrastructure and sees Solana as ideal for this goal. Solana settles transactions in 400 milliseconds, averaging 400 TPS and surging to 2,000 TPS during peak times. These capabilities surpass older chains like Ethereum in meeting Visa’s speed and cost requirements at scale. The pilot will test if SOL network can deliver on its promises under live payment volume. For Visa, expanding the USDC settlement pilot marks a major milestone in embracing decentralized blockchains. The company is evolving from cautious experimentation to practical implementation. While Solana suffered setbacks recently around scalability and outages, Visa’s vote of confidence backs its potential as an enterprise-grade solution once refinements are made. Critically, Visa is not just dabbling with crypto; it is leveraging blockchain technologies to improve real-world payments and settlement processes. This integration speaks volumes about progress in making decentralized finance usable for traditional finance. Stablecoin settlement lifts barriers to cross-border transactions. Yet questions persist about compliance and regulation. Visa is pushing ahead prudently, assessing each blockchain on its technical merits case-by-case. By adding the SOL network and expanding the pilot’s scope, Visa underscores that crypto solutions are crossing into the mainstream and not residing on the fringe. Expect more milestones ahead as Web3 fintech matures.