Tether became the 22nd largest holder in the world. China’s US Treasury holdings reached their lowest level in 14 years. Tether, the stablecoin provider, has revealed that it holds $72.5 billion in US Treasury bonds, surpassing the United Arab Emirates, Mexico, Australia, and Spain. Moreover, Tether became the 22nd largest holder in the world. With this, Tether marks a significant milestone in the crypto market. On September 4, Wall Street Silver, an investment forum, reported that China’s ownership of the US Treasury has dropped almost $481 billion from its peak level. It was also mentioned that, for many years, experts always doubted that China would dump the US Treasury debt because of the impact on their own economy and currency. However, According to the chart, China’s US Treasury holdings reached their lowest level in 14 years. China is getting out of US debt, and instead, the country is buying gold. In reply to this tweet, Tether CTO Paolo Ardoino shared that it has reached $72.5 billion in exposure to US Treasury bills. Tether Becomes the Most Used Stablecoin Paolo Ardoino also mentioned that with this amount of holding, Tether has surpassed countries including the United Arab Emirates, Mexico, Australia, and Spain. Moreover, the Stablecoin provider has climbed to the 22nd spot among buyers around the globe. Tether’s CTO also expressed that USDT is the most used stablecoin around the world, with a huge focus on emerging markets. Moreover, for many of these communities, USDT is their lifeline to protect themselves and their families from the instant inflation of their national currencies. On the other hand, Circle held more than $8.389 in the US Treasury at the end of July, according to Circle’s monthly certification. At the time of writing, the daily trading volume of Tether has experienced a surge of 8.63% in the last 24 hours, according to CoinMarketCap.

LAS VEGAS–(BUSINESS WIRE)–$AGREE #AGREE—Ault Alliance Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”) announced today its wholly owned subsidiary Ault Global Real Estate Equities, Inc. (“AGREE”), plans to list for sale its four recently renovated Midwest hotels, the Hilton Garden Inn in Madison West, the Residence Inn in Madison West, the Courtyard in Madison West, and the Hilton Garden Inn in Rockford. The decision to sell the hotels follows the decision to also list the St. Petersburg property and is driven by the Company’s desire to focus on its core businesses, including the crane rental business, the California licensed lender, and data center operations. The Company plans to use the proceeds from the sales of the hotel properties to pay off debt and commit more capital to its core businesses. The Company believes that the recent comprehensive renovation of all four properties delivers best-in-class assets to the Madison West and Rockford markets. AGREE plans to sell all four properties through the national real estate brokerage firm, Hospitality Real Estate Counselors (“HREC”) and intends to seek approximately $100 million for the four hotels. Through its partnership with the hotel management firm, GF Hotels & Resorts, the Company completed major renovations at all four properties, including the installation of new fitness equipment, new soft goods, upgraded bathroom trims, new mattresses, new furniture, and many other changes focused on enhancing the guest experience. The Hilton Garden Inn locations in Middleton and Rockford now feature brand-new Peloton bikes allowing customers to utilize a top-of-the-line fitness appliance with or without a Peloton membership. Catering to demand from corporate travelers, the Hilton Garden Inn properties have prioritized shower-only king rooms during renovations. Additional improvements include upgraded smart TVs and the installation at the Hilton Garden Inn Rockford of the only electric vehicle charging stations at a hotel in town. The Residence Inn’s renovations encompass new kitchen appliances, new furniture, refreshed paint schemes, TVs, and internet connectivity upgrades. The Courtyard’s exterior was repainted and refreshed under new brand guidelines and the interior courtyard was revamped to focus on outdoor events during the summer such as weddings, receptions, and other social events. Milton “Todd” Ault III, Executive Chairman of Ault Alliance, shared his insight on this strategic decision: “We have decided to focus on our core cash producing assets, which include our crane rental company, Circle 8 Crane Services, LLC, data center operations through Sentinum, Inc., and our California licensed lender, Ault Lending, LLC. Given the current macro environment, we believe these core assets are best suited to produce sustainable cash-flow and long-term value for the Company and its stockholders.” Ault concluded, “There can be no assurance that the hotels will be sold or that our asking price will be met. However, given the hotels’ strong standing and recent renovations, we are optimistic and expect the properties to attract significant interest.” Interested parties are encouraged to contact Ault Alliance or HREC for further details. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com. Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235

VICTORIA, Seychelles–(BUSINESS WIRE)–#blockchain–KuCoin, one of the top 5 crypto exchanges in the world, is proud to announce its pivotal role as the Title Sponsor of TOKEN2049 Singapore, a premier gathering for the global crypto and blockchain community. The event is set to welcome over 10,000 attendees, making it the largest of its kind this year. “Asia’s leading position in the development and innovation of the crypto industry cannot be overstated. Our partnership with TOKEN2049 reinforces the importance of this region and our unwavering commitment to driving the industry’s growth and progress,” said Alicia Kao, Managing Director of KuCoin, who will be taking the main stage as the Headline Speaker. She will be participating in the panel discussion titled “Crypto Exchange: Challenges and Opportunities Ahead”, shedding light on the challenges faced and the opportunities that lie ahead for the crypto exchange sector. As part of its engagement, KuCoin has sponsored a dedicated KuCoin Stage aimed at fostering meaningful discussions within the crypto and blockchain ecosystem. This stage will host a range of talks, panel discussions, and fireside chats, facilitating exchanges of knowledge and ideas among industry experts and enthusiasts alike. The KuCoin Barista station, KuCafé, is another highlight of its involvement. Designed as an oasis for networking and discussions, KuCafé will provide an energetic boost to the crypto spirit of attendees, fostering connections that will drive the industry forward. With KuCoin’s Title Sponsorship, the event promises to be an exceptional platform for exchanging ideas, sharing insights, and collectively shaping the future of the crypto landscape. Visit KuCoin website to find out more information about the event. KuCoin panel – “Crypto Exchange: Challenges and Opportunities Ahead” Time: 15:00 – 15:40, September 14, 2023 Location: Mainstage at Level 5, Singapore Marina Bay Sands Meet us at KuCoin Barista – KuCafé for a cup of coffee to boost your crypto spirit! Time: 8:00 – 18:00, September 13-14, 2023 Location: Entrance at Level 5, Singapore Marina Bay Sands About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 29 million users in more than 200 countries and regions. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards. To find out more, visit https://www.kucoin.com Contacts For media inquiries, please contact: [email protected]

Assets held in liquid staking services increased by a remarkable 292% to $20 billion. Ethereum adopted liquid staking as part of network updates during the past year. Bloomberg says that one subset of the crypto industry, ‘liquid staking,’ has seen a stunning revival, almost reaching its all-time high. Assets held in liquid staking services increased by a remarkable 292% to $20 billion, recovering from a crisis in June 2022, when the larger digital-asset market was in an extensive decline. Due to this meteoric rise, liquid staking has surpassed lending as the most important use case in DeFi. When the TerraUSD stablecoin failed and the crypto market dropped by $2 trillion in value, liquid staking providers like Lido and Rocket Pool saw their asset values drop from a high of over $21 billion in April of the previous year. Liquid Staking Protocols Although the liquid staking industry has been on the rise, the prices of key tokens and interest in the majority of DeFi services are still much lower than their respective records established in 2021 and 2022, according to Bloomberg. Since Ethereum adopted liquid staking as part of network updates during the past year, its popularity has skyrocketed. Token holders that validate transactions on the Ethereum network now get a bonus of 4% in equivalent each year. Competing blockchains such as Solana and Cardano now also provide a stake for rewards. Direct participation in staking often requires high-level computing expertise, expensive gear, and large financial outlays. However, the procedure has been made easier by the introduction of liquid staking protocols, which accept lesser commitments and provide users with a version of the pledged coins that may be used in other transactions. Highlighted Crypto News Today: Ethereum Fails to Gain Momentum as Whales Move 300K ETH to Coinbase

The commercial bank’s equity is $490M, and its local banking assets are almost $10B. Tokenized deposit technology has lately attracted the attention of Hana Bank. KEB Hana Bank, one of the biggest banks in South Korea, has partnered with BitGo Trust Company, a leading crypto custody provider, to begin providing custody services. Yonhap, a South Korean news agency, claimed that KEB Hana Bank and BitGo have reached a strategic business deal to build up digital asset custody in South Korea together. The commercial bank’s equity is $490M, and its local banking assets are almost $10 billion across 111 branches. Boosting Adoption in South Korea On September 5 during Korea Blockchain Week, a convention for the crypto sector, executives from Hana Bank allegedly made the announcement. BitGo’s custody solutions and Hana Bank’s financial services and compliance know-how will be combined in a new company established as part of the partnership. An official from Hana Bank stated: BitGo CEO Mike Belshe has said that the company would concentrate on improving the safety and openness of the digital asset market in South Korea. Online publications have said that the second half of 2024 is when Hana Bank and BitGo would officially launch their joint venture crypto custody firm. Tokenized deposit technology has lately attracted the attention of Hana Bank as a potential competitive solution to private stablecoins and CBDCs. The bank, together with other local private banks published a paper in July 2023 outlining the so-called “certificate of deposit” tokens that might replace conventional banking systems. Highlighted Crypto News Today: Liquid Staking Soars Despite Overall Crypto Market Downturn

The burning of SHIB tokens has become an important part of the Shiba Inu community. Each week, tokens are sent to a ‘burn’ address by community members as they try to reduce the supply of the token. This is why the introduction of a burn mechanism for the Shibarium Layer 2 network is a welcome development for the community. Lead Dev Says Shiba Inu Burn Portal Is Coming In a tweet shared on X (formerly Twitter) on Monday, Shiba Inu lead marketer LUCIE shared a much-anticipated announcement with the community. Lucie revealed in a screenshot of an exchange with the developer that a Shiba Inu burn portal for Shibarium was being developed. This comes after a long stretch of calls for the team to introduce an automatic burn for SHIB as the Shibarium blockchain grows. However, contrary to the belief that the burn portal is exactly what is needed, the developer emphasized that “BURNS WILL NOT AND ARE NOT THE END ALL BE ALL.” Instead, the developer says that the focus should shift toward the adoption of the blockchain rather than being on just burns. The developer’s words echo an earlier post made by the lead marketer on X. According to Lucie, the only way that SHIB would be burned is if the blockchain is being used. Token burns are dependent on fees generated from transactions. So this is why the emphasis should be placed on adoption rather than straight burns. “The more you use Shibarium, the higher the traffic, which drives up gas fees,” Lucie explained in the tweet. Lucie pointed out in a follow-up tweet that the Shiba Inu price had been able to hit its previous all-time high without any burn mechanism in place. “$SHIB will be a governance token with global adoption – the next ATH could be interesting,” she concluded. Will A Shibarium Burn Portal Lead To New ATH? The emphasis being placed on a burn mechanism by the community comes as a result of an expectation that lower supply leads to higher prices. While this is true for digital assets, there are other factors that contribute to a token reaching a new all-time high price. For one, the current crypto market trend has to be considered. With a bear market still raging on, it is safe to say that tokens are not hitting ATHs anytime soon. So even if a Shiba Inu burn portal was introduced today, it would not automatically guarantee a new ATH. However, it could lead to a surge in price, even if briefly. Hence, working toward adoption rather than just burns presents a more long-lasting value addition. SHIB’s price is currently sitting at $0.000007549 after falling 2.40% in the last day and 6.91% in the last week. It is the 16th-largest cryptocurrency with a market cap of $4.44 billion.

Institutional investors remain divided on the crypto market, with mild inflows and outflows. The Bitcoin price is consolidating around the $25,820 level. After breaking below the support level of $26,000 earlier this week, Bitcoin is still under selling pressure. However, for few traders this would be a good moment to purchase the dips. The latest CoinShares data shows that institutional investors remain divided on the cryptocurrency market, with mild inflows and outflows over the previous week. This is encouraging news for Bitcoin’s long-term viability, since it points to a shift toward more steady, professional investment behaviors. Over the previous day, Bitcoin’s price has been trading in red, hovering below the $26,000 mark. Most altcoins also deal with a similar fate. Exactly a week ago, BTC had a significant price increase in months. Grayscale’s victory against the SEC in a US court sparked the surge that drove the price to nearly $28,000. Further Decline Likely? After the SEC decided to hold off on a ruling on all pending spot Bitcoin ETF applications, however, the excitement swiftly dissipated. Bitcoin dropped by $1000 the next day and additional $1500 the day after. Source: CoinMarketCap At the time of writing Bitcoin is trading at $25,765, down 0.74% in the last 24 hours as per data from CMC. Moreover, the trading volume of BTC is up 12.56%. The price is consolidating around the $25,820 level. If price manages to clearly break the key support level of $25,150 then further decline is likely. The next support level would be $22,430. On the upside, if the price manages to break above the key resistance level of $26,000 then a fresh rally towards $27,000 is on the cards.

Amid increased price fluctuations in the crypto market, Crypto Capital Venture founder Dan Gambardello is bullish about Cardano’s (ADA) future. In his latest YouTube video, Gambardello compared Amazon’s stock price trajectory to Cardano’s, highlighting striking similarities between both companies. While he acknowledged ADA’s two-year-long bearish market conditions, the analyst believes that, like Amazon, Cardano has the potential for long-term growth. Since both entities’ technology differs with varying achievements, he compared the underlying principles and price action. Cardano’s (ADA) Current Market Condition Is Similar To Amazon’s Early Years Gambardello highlighted Amazon’s historical price performance between 1999 and 2001. According to him, Amazon stock nosedived from a $5.25 all-time high price to 30 cents between this timeframe. Similarly, ADA’s value, which rose above $3 during the bull market in September 2021, has now plummeted to 25 cents. Therefore, the analyst likened buying ADA in 2023 and acquiring Amazon stocks in 2001. This is particularly true given Cardano’s growth potential in the financial market. Moreover, Gambardello forecasted that Cardano (ADA) could become the world’s number one financial operating system. In addition, he mentioned that currently, ADA’s market cap is approximately $8.9 billion. That is even 90% higher than Amazon’s market cap of $2.2 billion after a similar crash in 2001. The crypto analyst cited a letter from Jeff Bezos to Amazon shareholders during the downturn. In the letter, Bezos stressed that Amazon stood stronger despite the massive stock price drop. In his comparison, Gambardello drew similarities between ADA’s current position and Amazon’s during the downturn. He noted that Cardano Blockchain is more robust and better than before, citing improved smart contracts, scalability, and staking utility. Cardano Has Potential For Long-term Success Like Amazon Gambardello also likened ADA to the stock market, quoting a prominent crypto investor, Benjamin Graham. He said: “The stock market is a voting machine in the short run and a weighing machine in the long term.” Also, he noted that, like Amazon, Cardano’s fundamentals are strong enough to sustain it even in harsh economic conditions. The crypto analyst emphasized that Cardano is in the initial stages of user adoption, with several developers building on its network. It is similar to Amazon’s commitment to enhancing customer experience, which fueled its long-term growth. Again, Gambardello shifted focus to Cardano’s security and decentralization. He explained that Cardano’s robust security and decentralization give it an edge over other blockchain networks like Solana. He further mentioned that several startups have adopted Cardano as of September 2023. For instance, World Mobile utilized Cardano’s infrastructure to connect the unbanked and financially underserved people. According to Gambardello, this real-world use case is a game changer and starting point for Cardano’s success. In conclusion, the analyst said Cardano has numerous unexplored potentials with striking similarities to Amazon’s early days. Therefore, he is confident that Cardano has a high potential for long-term success and could offer massive returns to investors bullish enough to see it.

The XRP token has attracted much attention, especially because of Ripple’s ongoing legal battle with the US Securities and Exchange Commission (SEC). This has led to speculations on whether Ripple is able to control the XRP price or not. So crypto analysts have chimed in to share their opinions. No Ripple Effect On XRP? Pro-XRP influencer Crypto Eri stated in a tweet that she doesn’t rely on the “efforts of Ripple” to increase XRP’s value. She suggested that the crypto company hasn’t done much to grow the token as it accounts for a “single digit impact on volume.” There is a common belief that token issuers should be able to control and drive up the price of their tokens, whether through their marketing efforts, a deflationary mechanism, or simply increasing the use cases of their tokens to send a bullish signal to the crypto community. In Ripple’s case, Eri believes holders shouldn’t rely on the company, especially after “surviving” the SEC attack. While her stance is unclear, many may argue that Ripple’s effort in its case against the SEC shows its commitment to building the ecosystem and promoting mass adoption of its token. Eri’s tweet came in reply to another pro-XRP influencer, Digital Asset Investor, who tweeted about why he was bullish on XRP. In contrast to Eri’s view, this influencer believes that Ripple’s efforts will greatly affect XRP’s value as Ripple promises to disrupt the global financial system, so he is bullish on the token. Has Ripple Had Any Effect On XRP? It is worth mentioning that the XRP price experienced significant gains on the back of Judge Analisa Torres’ ruling in favor of Ripple. The token surged over 23% within hours of the decision and rose to as high as $0.9 due to the ruling. Furthermore, XRP became the fourth-largest token by market cap following the decision (although it has dropped to 5th since then). However, there is no denying the potential for Ripple to go head-to-head with the foremost cryptocurrencies such as Bitcoin and Ethereum. Interestingly, there was a significant increase in daily transactions conducted on the XRP ledger, with more transactions conducted on the blockchain at the beginning of last month than leading blockchains Ethereum and Bitcoin. Ripple has also not rested on its efforts to develop the XRP ecosystem despite the SEC’s lawsuit against it. The crypto company is looking to expand into the tokenized assets industry by enabling trading of these asset classes on the XRP Ledger. There are also plans to release an upgrade for the XRP Ledger, with a notable amendment being the introduction of a novel automated market maker (AMM). This update could see XRPL become a major player in the DeFi space and increase XRP’s utility, which could trigger an increase in its value.

The Ethereum (ETH) market has been gripped by escalating bearish sentiment as the taker buy-sell ratio, a critical indicator of market dynamics, plunged to a yearly low. This downward trajectory has sparked concerns among investors and traders, highlighting the prevailing pessimism in the Ethereum futures market. ETH’s taker buy-sell ratio, as revealed by a recent report from the anonymous CryptoQuant analyst Greatest_Trader, has been on a consistent decline over the past few months. The ratio reached its nadir at the end of the previous month, signaling a growing dominance of bears in Ethereum’s trading arena. Greatest_Trader said: The dwindling taker buy-sell ratio is indicative of increased sell orders, reflecting a lack of confidence in the coin’s short-term prospects. Google Trends Reflect A Loss Of Interest In Ethereum Adding to Ethereum’s woes is the declining interest of mainstream internet users. Google Trends data indicates that the number of searches for Ethereum (ETH) has plummeted to levels not witnessed since November 2020. Even more strikingly, searches for “DeFi” have dipped to four-year lows. In the last seven days, the metric for “Ethereum” plummeted to a dismal 8/100, a level last seen during the crypto euphoria of 2021, where internet users were searching for Ethereum 12 times more frequently. This decline in interest signals a significant loss of confidence in Ethereum’s prospects among retail investors. ETH Futures Open Interest Hits Yearly Low The pessimism surrounding Ethereum is further underscored by an examination of its futures open interest. Currently standing at $4.67 billion, ETH’s open interest has reached its lowest point this year, marking a 36% decline since its peak on April 19. This drop in open interest reveals that institutional and retail traders are increasingly skeptical about the cryptocurrency’s short-term potential. As of now, Ethereum’s price hovers at $1,622.75, with a 0.6% decline in the last 24 hours and a 1.9% loss over the past seven days, according to CoinGecko. Ethereum’s once-promising outlook is facing headwinds as bearish sentiment prevails in its futures market. The declining taker buy-sell ratio, coupled with a lack of interest from retail users, paints a somber picture for the cryptocurrency. Moreover, the dwindling open interest in Ethereum’s futures suggests that traders are hedging their bets amid growing uncertainty. Ethereum’s journey in the coming months will undoubtedly be a challenging one, and investors and enthusiasts alike will be keenly watching to see if it can weather this storm and regain its bullish momentum. (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 Vauld

Binance faces a turbulent phase because of regulatory scrutiny and departures. Mayur Kamat, Global Head of Product, resigns from Binance. Binance, one of the world’s largest cryptocurrency exchanges, has seen its fair share of controversies and ‘FUD’ (fear, uncertainty, and doubt) this year. Adding to the turmoil, Mayur Kamat, Global Head of Product, has recently resigned. Binance confirmed Kamat’s departure through the email sent to the crypto media, mentioning gratitude for his contributions during a period of significant growth. Mayur Kamat, a tech industry veteran with experience at tech giants such as Google, Microsoft, and Agoda, joined Binance in January 2022. His LinkedIn profile highlighted his instrumental role in expanding Binance’s user base from 80 million to over 150 million within just 18 months, achieved through the introduction of various innovative product offerings. Kamat also claimed significant contributions to the successful launch of Binance features like Feed, Tax, and CeDeFi, which aimed to enhance the overall user experience on the platform. This latest executive departure follows a string of other high-profile exits, including Patrick Hillmann, who served as Chief Strategy Officer until July 2023, Steven Christie, the Senior Vice President for Compliance, and Hon Ng, the General Counsel, all of whom left the company in July Binance In a Challenging Period? Binance has been facing a series of challenges in recent months, primarily stemming from increased regulatory scrutiny in various jurisdictions. In the United States, the Securities and Exchange Commission (SEC) filed a lawsuit against the exchange in June, alleging involvement in a wash trading scheme where millions of dollars were moved between companies owned by CEO Changpeng Zhao. The lawsuit also raised concerns about Binance operating as an unlicensed securities exchange. Moreover, the Commodity Futures Trading Commission (CFTC) filed a separate lawsuit against Binance earlier this year, alleging violations of U.S. trading and derivatives rules CZ’S Response Changpeng Zhao, the CEO of Binance, has repeatedly addressed what he considers “fake news” coverage of the exchange, accusing critics of FUD. Zhao asserts that it remains ahead of the curve in terms of regulatory compliance, highlighting the company’s large user base and market share as evidence of its strength. Meanwhile, it has made internal changes, with Kristen Hecht being appointed as the new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO). Hecht previously held the position of Global Head of Corporate Compliance within the company. Amid these Binance native tokens, BNB is down 0.07% in the past 24 hours, with the price trading at $215.

During a market downturn, Solana (SOL) remained strong among institutional investors. Solana marks a streak of 9 weeks of inflows, totaling $0.7 million. In a week marked by dwindling interest in digital asset investments, Solana (SOL) has defied the trend, emerging as the preferred choice for institutional investors. CoinShares, a prominent European cryptocurrency management platform, released its latest report, highlighting the remarkable resilience of Solana in the face of a market-wide slowdown. During this cooling-off period, digital asset investment products experienced relatively minor outflows totaling $11.2 million. This seven-week streak of negative sentiment now accumulates to a total outflow of $342 million. Notably, overall outflows of $8.6 million and $3.2 million were observed in Polygon and Ethereum, respectively. Cryptocurrencies Weekly Fund Flows (Source: CoinShares) Solana (SOL) Shines with Institutional Inflows Currently, Solana is the star of the altcoin arena. CoinShares’ report reveals that despite the withdrawal of funds by prominent cryptocurrency investors from other altcoins, Solana continues to attract significant institutional interest. Last week alone, $700,000 was invested in SOL through cryptocurrency investment providers, making it the “most loved altcoin among investors” at the moment. This surge in interest has not gone unnoticed, as Solana products experienced weekly inflows of $700,000, marking the ninth consecutive week of inflows. Over this nine-week period, Solana saw a total of $14.1 million in inflows, contributing to year-to-date inflows of $26 million. At the time of writing, Solana was trading at $19.28, marking a decrease of 1.96% in the last 24 hours. Still, the daily trading volume for SOL surged by over 18%, reaching $215 million. Further, Bitcoin (BTC) products were the other sole assets to witness weekly inflows, amounting to $3.8 million. Also, the overall sentiment appeared lackluster, trading volumes bucked the trend, surging to $2.8 billion for the week, marking a significant 90% increase above the year-to-date average. Recommended for you Solana (SOL) Price Prediction 2023

Today marks the grand opening of the Asian Web3 Gaming Gathering, a Korean Blockchain Week collaborative side event orchestrated by MixMarvel, Undefined Labs, and MetaCene. Scheduled to run from 4:00 PM to 1:00 AM GMT+9, the grand assembly will convene leading industry professionals, trailblazing innovators, and gaming aficionados, set against a backdrop of in-depth panel discussions, hands-on workshops, and intimate networking sessions. The event promises to shine a light on the burgeoning landscape of Web3 gaming, specifically emphasizing the metamorphosis of MMORPGs. A spotlight will fall on MetaCene, MixMarvel’s flagship game, during a showcase session. Attendees will get an exclusive first-hand look at its gameplay mechanics and have an opportunity to engage with the prodigious minds behind its creation. Event Highlights: – Registration: https://lu.ma/mmkbwgaming – In-depth Talks: A roster of keynote speeches by industry luminaries will share insights into the ever-evolving world of blockchain gaming and its accompanying technologies. – MetaCene in Focus: Attendees are in for a treat with a special showcase session earmarked for MetaCene. This segment will offer live gameplay demonstrations, exclusive behind-the-scenes scoops, and intellectual discourse on the game’s innovative features. – Engagement & Networking: Designed to foster collaboration, the event will feature a gamut of social events, including a Web3 gaming competition and a unique engagement with IP cosplayers. These attractions aim to seamlessly merge offline and online interactions, offering a holistic community experience. Schedule: – Main Event: – 4:00 PM – 4:30 PM: Registration and Welcome Reception – 4:30 PM – 5:00 PM: Host Introduction – 5:00 PM – 7:00 PM: Keynote Speeches – 7:00 PM – 7:30 PM: MetaCene Showcase and Demos – 7:30 PM – 8:10 PM: Panel Discussions – 8:10 PM – 9:00 PM: MetaCene Tournament and Cosplayer Photo-op – 9:00 PM – 10:00 PM: Networking, Refreshments, and Collaborations – Afterparty: – 10:00 PM – Midnight: Chill-out sessions at the bar About The Hosts: MixMarvel is building the world’s leading blockchain content incubation platform and creators community. Pivoting on investment, incubation, and publication, MixMarvel connects Metaverse entrepreneurs, investors, and mass users through industry investment, gaming incubation, asset distribution, infrastructure development, and other diversified scenarios in a new ecosystem of dapps. MixMarvel’s broad ecosystem comprises gaming IPs like DeHero and MetaCene, tech solutions like MixMarvel SDK and Rangers Protocol, investment organizations like MixMarvel DAO Venture, and other network resources for high-quality Web2 and Web3 native gaming projects. For more information, visit https://link3.to/mixmarvel. MetaCene presents a surreal post-apocalyptic society where survivors interact with diverse NFTs to redefine civilizations. It pioneers player-centric entertainment, governance, and creation through innovative PVE and PVP gameplay, robust technology infrastructures, social guild DAO governance, sustainable economic systems, and in-game editors. MetaCene is founded by gaming experts with 20+ years of industry experience from Shanda Games, Blizzard, Perfect World, and others. It envisages a multichain future from Rangers Protocol with real-time confirmation and super-low gas fees. After a highly successful Alpha Test in August and the launch of the MetaCene Apostle NFT collection, the team is currently working on the mobile version and the first official release, which is scheduled for Q4 2023. Undefined Labs was established in 2021 by three visionary founders. Undefined Labs is on a mission to create the inclusive Asian Builders Hub. With a combined expertise spanning traditional sectors and the blockchain landscape, Undefined Labs is poised to be a trailblazer in the Korean Blockchain market, fostering synergies and growth. 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.

A total of 300,000 Ethereum (ETH) has been moved from two unknown wallets to Coinbase. ETH trading volume has experienced a surge of 31.08% in the last 24 hours. Ethereum (ETH), the second-largest cryptocurrency, experienced a massive downtrend over the past few weeks, along with the entire crypto market. Despite the recent substantial decline in the crypto market, two wallets have made significant transactions to the major crypto exchange, Coinbase. According to Whale Alert’s data, these transactions are valued at over 300,000 ETH, equivalent to approximately $488 million. On September 5, Whale Alert, the crypto transaction analyzer, disclosed a transfer of 300,000 ETH, worth over $488 million, from two unknown wallet addresses to the cryptocurrency exchange Coinbase. Notably, these two wallet addresses are Coinbase cold wallets. Following the substantial transfer to the Coinbase cold wallets, the funds later distributed across multiple wallet addresses, totaling 4,282 ETH per transaction. In addition, an unknown wallet transferred 21,000 ETH, worth around 34,080,667 USD, to the leading crypto exchange OKX. With the continuous whale transactions, Ethereum expected to show a surge. However, the leading altcoin continued its downtrend. Ethereum (ETH) Continues its Downtrend Despite these massive transactions, Ethereum failed to gain momentum. At the time of writing, ETH has been trading at $1,621, with a decline of over 0.87% in the last 24 hours. However, the daily trading volume of ETH has experienced a surge of 31.08%, according to CoinMarketCap. Ethereum (ETH) Daily Trading Price Chart (Source: TradingView) The daily trading price chart shows that Ethereum maintains its bearish trend as the current price is trading below the 50-day exponential moving average (50 EMA). Meanwhile, the daily relative strength index (RSI) is at 35.38, denoting the largest altcoin’s position on the border of the oversold zone. If the current trend reverses, ETH may experience bullish momentum to surpass the nearest resistance of $1700. If the momentum continues, it will breach the $1750 range and even advance to surpass the $1800 mark. On the other hand, if ETH fails to overcome the nearest resistance at $1,700, it could face further downward pressure. In such a scenario, the price might decline toward the closest support level at $1,600 and potentially even drop below $1,540. Do you think ETH will break the bearish momentum soon? Tweet to us at @The_NewsCrypto and let us know your thoughts.

Since the start of H2 this year, TON’s social dominance has increased by 320%. TON has risen 19% in the previous 7 days and a whopping 48.9% in the last 30 days. Toncoin has risen to prominence with the recent price surge taking the price all the way to $1.95. Telegram, a prominent messaging platform within the cryptocurrency industry, has no official affiliation with the project anymore, although it is nevertheless intimately related to the cryptocurrency. The dramatic growth of Toncoin (TON) in the cryptocurrency market has also shone a focus on Telegram-bot tokens. Telegram has a longstanding reputation among crypto aficionados as an early adopter of blockchain technology. Originally conceived as the “Telegram Open Network” (TON) project, Toncoin was eventually renamed as “The Open Network” in 2020 due to legal challenges. On-chain statistics and Santiment’s TON Social Dominance chart both show a sharp uptick in interest from investors in June 2023. Since the start of H2 this year, TON’s social dominance has increased by 320%. Pullback Likely The increased interest has been a major factor in driving up the price of TON, which is now trading at $1.78 as per data from CMC. In particular, TON has risen 19% in the previous 7 days and a whopping 48.9% in the last 30 days. Source: CoinMarketCap Its low point was $0.96 on June 12, and it recently tested the $1.95 level, which is an increase of over 100%. Nonetheless, a pullback might happen in the next days due to the presence of key resistance around the $1.97 mark. If the price manages to break the $1.76 level then it might decline further all the way to $1.50 support level. On the other hand, if the price manages to break above the $1.97 resistance level then a fresh rally is expected.

Seoul, South Korea, September 5th, 2023, Chainwire Aims to create a vast ecosystem to drive common growth of global blockchains Complete user-customized omnichain network to easily and conveniently utilize services across multiple blockchains All platforms and dApps are connected as one with blockchains bringing complementary strengths to the ecosystem WEMIX has unveiled unagi, short for Unbound Networking & Accelerating Growth Initiative, which aims to construct an all-encompassing ecosystem that goes beyond the limitations of diverse blockchains by seamlessly integrating, connecting and encompassing multiple networks, fostering an environment where they coexist harmoniously. This need for an omnichain ecosystem that taps the potential for innovative synergy between blockchains is increasingly important amid the growing number and diversity of emerging blockchains. Overcoming existing integration challenges Proposed by the WEMIX Foundation, the launch of unagi marks a pivotal turning point with the potential to overcome existing challenges. unagi is designed to accelerate the mass adoption of blockchain by seamlessly integrating diverse blockchains and services, helping to address the multifaceted challenges that arise during chain interactions, and providing a seamless immersion into a wide array of blockchain experiences. With unagi, you can transcend the boundaries between chains and experience integrated transactions and comprehensive asset management. Core Mechanism At its core, unagi accomplishes a highly accessible omnichain, spanning on-chain and off-chain domains, through a messaging protocol known as unagi(x). This protocol supports decentralized off-chain messaging in addition to on-chain messaging, surmounting the computational limitations associated with contracts running on specific blockchains. This is achieved through a decentralized validation method, ensuring swift and secure transactions across heterogeneous chains that are completely reliable, both on-chain and off-chain. unagi enhances various aspects of blockchain activity, aiding in optimal route discovery for dApps, reducing fees, and supporting gas fee delegation services. Connecting 8 major blockchains Moreover, unagi(x) will initially support EVM networks and expand its compatibility to Non-EVM environments in the future, reducing entry barriers and enabling utilization of existing smart contracts. An initial group of 8 major blockchains are connected by unagi including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma (WEMIX L2 project), Optimism, Polygon, and WEMIX3.0. Core Applications unagi’s core functionalities, supporting the omnichain, are accessible through the una Wallet, which provides a secure and speedy wallet authentication service that allows users to search and manage assets of various chains as if they were stored using a single wallet. It facilitates access to the services of these chains swiftly and securely through robust authentication mechanisms, and enables efficient management of assets across various chains through one wallet. Notably, unagi’s authentication will not only utilize MPC technology but also introduce Account Abstraction for unprecedented authentication speed and ease of use. una Wallet: natively manage assets on multiple chains through one single wallet with easy utilization of complicated concepts such as gas fee, seed phrase, network, etc. unagi Swap: A service that provides high liquidity and stability, and low fees using various cross-chain protocols, enabling users to potentially utilize dApp services at the lowest cost. unagi Scan: Get easy and direct access to transaction histories of various chains. Transactions that occur both on and between chains can all be recorded and searched through unagi. In addition to delivering user convenience, unagi will also provide support for partners and dApp builders using a Standard SDK/API that will simplify effective and efficient development of services for builders. This will create an environment where disparate blockchain services and assets effectively become interwoven as part of a single massive ecosystem and achieve what was once deemed unattainable in cross-chain transactions. Wemade showcases unagi at Korea Blockchain Week Experience unagi up close and personal at the Wemade booth on-site from 5 – 6 September at The SHILLA Seoul during Korea Blockchain Week 2023. Wemade is returning as the main sponsor for IMPACT, the key event headlining this year’s KBW. You can also watch the introduction to unagi on YouTube or visit unagi’s official website for more information. About WEMADE A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information. Contact Global PR Kevin Foo WEMIX [email protected]

The Bitcoin price currently remains in a vulnerable position. Meanwhile, recent on-chain data suggests that Bitcoin whales are accumulating, but contrary to popular rumors, BlackRock isn’t among them. Meanwhile, analysts are divided on whether the worst is behind for Bitcoin’s price. Whales Accumulate Bitcoin, But It’s Not BlackRock On-chain analyst James V. Straten recently highlighted a trend in the accumulation score by cohort chart. He remarked, “Seems like peak Bitcoin distribution is behind us, as we can see a slight tick-up in accumulation. This is the most aggressive accumulation since June/July for whales that have over 10k BTC.” However, the waters are muddied by rumors surrounding BlackRock’s involvement. Speculation has been rife that BlackRock has been suppressing Bitcoin prices to buy cheap. But these claims are unfounded. “Many individuals don’t realize that BlackRock would require actual Bitcoin to back their Spot ETF. They might have already purchased their Bitcoin months ago when prices were lower,” is a statement that’s been debunked. The reality is that BlackRock, being a financial behemoth managing people’s money, undergoes audits every three months. This means they can’t hide Bitcoin purchases from auditors. If they were to invest in Bitcoin, it would be through an exchange-traded fund. In fact, BlackRock has already shown interest in the space by investing in Bitcoin mining stocks and MicroStrategy as a proxy. Remarkably, BlackRock is a major shareholder in 4 out of the 5 largest Bitcoin mining companies. Is The Worst Behind For BTC Price? The Bitcoin price trajectory remains a topic of intense debate among analysts. Will Clemente, a prominent figure in the space, shared the chart below and commented, “From a high-time-frame valuation perspective, Bitcoin’s position is intricate. While it’s not overheated relative to historical values, there’s a tangible risk of retesting the lows akin to Q1 2020.” He further emphasized the prevailing market apathy, pointing to the lowest aggregated trading volume since 2020, the dwindling Google search trends for Bitcoin at multi year lows and realized volatility, implied volatility, weekly Bollinger Bands all near record lows. Joe Burnett of Blockware Solutions chimed in with a compelling observation, “A staggering 94.6% of all Bitcoin remained stationary in the last 30 days. We set a record high at August’s end, and this might soon be surpassed. Historically, bear markets conclude when supply dries up. A mere spark of demand could ignite the next explosive bull market.” Crypto traders, too, are closely monitoring key levels. @DaanCrypto remarked the significance of the $26K-26.1K range as it marks the daily, weekly and monthly open, high volume node and weekly VWAP. Therefore, for bulls, it’s the line of action, and for bears, it’s the fortress to defend. Rekt Capital, a well-regarded crypto analyst, has been closely monitoring Bitcoin’s price action, especially in relation to its volume dynamics. He also highlights the significance of the $26,000 support level on the weekly chart, pointing out that Bitcoin’s price has been hovering around this mark even after retracing most of its gains from the previous Grayscale rally. However, the simultaneous decline in both buy-side and sell-side volumes is a cause for concern, suggesting a market that’s currently directionless. “The declining sell-side volume coupled with a lackluster buyer volume is concerning. Without a volume breakout, neither from sellers nor buyers, the market lacks momentum,” the analyst states. On the topic of the double top, a traditionally bearish pattern, Rekt Capital indicated that a breach below the $26,000 mark on the weekly chart could potentially send BTC tumbling towards $22,000. However, he also hinted at a silver lining: an inverse head and shoulders pattern observed earlier this year. If Bitcoin approaches the $24,000 mark, which serves as the neckline for this pattern, it could act as a robust support and possibly signal a bullish turnaround. At press time, BTC traded at $25,734.

Shiba Inu (SHIB) has recently been on the radar of cryptocurrency enthusiasts as data suggests a potential comeback for this meme-inspired digital asset. The SHIB community had reason to celebrate with the successful relaunch of the Shibarium Layer 2 solution, akin to a tech company unveiling a highly anticipated software update. This event not only breathed new life into the ecosystem but also injected a sense of optimism among SHIB holders. The Shibarium relaunch has elevated SHIB beyond its meme coin status, adding a layer of credibility and utility. SHIB Price Analysis Indicates Hope Over the past weeks, SHIB has seen a decline in its price, accompanied by a decrease in trading volume. However, recent price analysis hints at a potential change in the trend. The descending trading volume, coupled with the declining price, often serves as a signal that the downward momentum might be losing its steam. It appears that the market may be running out of compelling reasons to continue pushing the asset lower, providing a glimmer of hope for SHIB enthusiasts. Surprising Popularity Among American Investors In a surprising turn of events, Shiba Inu emerged as the sixth most popular cryptocurrency asset among American investors, according to a recent survey conducted by ConsenSys. Interestingly, 17% of respondents had allocated their funds to this $4.5 billion market-capped asset, placing SHIB ahead of larger and more established cryptocurrencies like Tether and Cardano. The survey also unveiled a prevailing sentiment among respondents regarding the cryptocurrency landscape. Many felt that this asset class needed “heavy regulation” to protect investors due to the prevailing uncertainty. While Bitcoin and Ethereum still held the top positions in terms of popularity among American investors, SHIB’s unexpected rise in popularity signifies a growing interest in alternative cryptocurrencies. Current State Of SHIB As of now, SHIB is trading at $0.00000745, according to CoinGecko. Over the past 24 hours, the asset has experienced a 3.3% decline, while the seven-day performance shows a 9.3% slump. These figures reflect the ongoing volatility in the cryptocurrency market but also underline the potential for a turnaround as SHIB aims to regain its footing. Shiba Inu’s recent Shibarium relaunch and its surprising popularity among American investors suggest that this meme-inspired cryptocurrency might be poised for a resurgence. Despite recent price declines, the signs of optimism, coupled with a shifting sentiment in the cryptocurrency landscape, could pave the way for a potential comeback for SHIB. However, as with all cryptocurrencies, investors should exercise caution and conduct thorough research before making any investment decisions. (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 CarSwitch

ABC Conclave is set to gather blockchain enthusiasts, industry leaders, and innovators from around the globe on 7-8 October 2023 at the prestigious Dubai World Trade Centre. This immersive event will provide a unique platform for collaboration, education, and exploration of the latest trends in blockchain, cryptocurrencies, NFTs, DeFi, and Web3 technologies. With the blockchain industry evolving at an unprecedented pace, ABC Conclave aims to bring together the brightest minds and disruptive projects to drive innovation and shape the future of decentralized technologies. The event will feature extensive expert speakers, interactive workshops, panel discussions, and networking opportunities to foster knowledge-sharing and strategic partnerships. Attendees can expect a diverse range of activities, including thought-provoking presentations by industry visionaries, engaging panel discussions on cutting-edge topics, hands-on workshops, and live demonstrations of blockchain solutions. The event will also showcase the fusion of Web2 and Web3 gaming through exhilarating Esports tournaments, a pulsating Music Festival, a spectacular Cosplay event, a thrilling hackathon, exclusive FOMO lounge access to establish impactful relationships with key industry players, ABC Awards ceremony to honor the trailblazers who have made exceptional contributions to the field, as well as an array of engaging Side Events and Workshops, creating an unforgettable experience for the 20,000+ Web3 community under the roof of the grand stage at the Dubai World Trade Center. ABC Conclave 2023 features an impressive lineup of renowned industry speakers, including: Ahmed Elmetwally, CEO / General Manager, Private Office of Sheikh Mohamed Bin Ahmed Bin Hamadan Al Nahyan, UAE Carmelo Milian, Founder and CEO, Polkacity, USA Ethan Pierse, Co-Founder, NFT Factory Paris, France Mohammed AlKaff AlHashmi, Co-founder, Islamic Coin, UAE Dr. Zayed Al Hemairy, Blockchain, Cryptocurrency & ICO Expert, Bitcoin Inc,UAE Alex Chehade, Executive Director and General Manager, Binance, UAE Igor Bershadsky, Director of Business Development & Partnerships, Hacken, UAE Jason P. Allegrante, Chief Legal & Compliance Officer, Fireblocks, USA Haidy Riad, Financial Economist & Consultant, McKinsey & Company, KSA Khushboo Gehi, Gold Coding Ambassador, Digital Economy and Remote Work Applications Office, UAE George Chivi, Head Of Partnerships, Smart Token Labs, UAE Ali Safri, AI and Metaverse, Avanza, UAE Mohamed Roushdy, Senior Consultant – Digital Transformation and Fintech, IFC – International Finance Corporation, UAE Vadim Krekotin, Founding Partner, Cryptomeria Capital, UAE Ashish Kumar Singh, Vice President, Expand My Business, UAE Akina Ho, Co-founder, Global Head of Business Consultancy and Head of Asia Pacific Chapter, AllStarsWomen DAO, Singapore Malik Khan Kotadia, Co-founder and Chairman, Finnovation Labs Private Limited, Manila Sunil Sharma, CEO, SquadX & Coingape, India Dr. Jane Thomason, Inaugural Chair, Organization: World Metaverse Council, Australia Tim Mangnall, Founder & CEO, Capital Block, UAE Matthias Mende, Co-Founder, Dubai Blockchain Center, UAE Cristina Ceban, Founder, Women Do Crypto, UAE Charlie Hu, Lucid Blue Ventures, UAE Arpit Sharma, Managing Director of SE Asia & MENA Near Foundation, UAE Marcello Mari, Founder & CEO of Singularity DAO, UAE Farkhad Shagulyamov, Founder & CEO of Velas Network, UAE Bruce Porter Jr, CEO Global Boost/Impact Protocol & Founder of Washington Elite, USA Rudy Shoushany, Founder, Producer, Dx Talks & Crypto Talks, UAE Shailesh Kunnath, Co-Founder, Masary Capital, UAE Ravindra Kumar, Frontier Wallet, India BK Raj, Founder and Director of Scallop Group, UAE Aaron T, Octopus Network, UAE Ramani Ramachandran, Founder & CEO of Router Protocol, India Tobais Bauer, Principal, BFF, Singapore Preetam Rao, CEO & Co-Founder, QuillAudits, India Harrison Goldsmith, CEO, Kernel Ventures, Singapore Geoff McAlister, MD, Hex Trust, UAE Catie Romero, Founder and CEO of BABs Labs, USA; to name a few. Our distinguished speakers will share their expertise, insights, and visions for the future of blockchain technology. Their sessions will cover a diverse range of topics, including decentralized finance (DeFi), non-fungible tokens (NFTs), smart contracts, and the evolution of Web3. ABC Conclave is proud to have the support of leading sponsors who share our vision of advancing the blockchain ecosystem. These strategic partners will gain unparalleled exposure to a global audience, showcasing their products and services, and forging valuable connections within the industry. As a participant at ABC Conclave, you will have the opportunity to explore the latest innovations, gain insights from industry experts, and connect with like-minded individuals who are driving change in the blockchain space. Whether you’re an investor, developer, entrepreneur, or simply curious about the potential of blockchain technology, ABC Conclave offers a vibrant environment to expand your knowledge, network, and business opportunities. “Web3 is more than a technology, it’s a revolution. At ABC Conclave, we’re not just hosting an event, we’re creating a platform for this revolution to grow and thrive. We’re bringing together the brightest minds in blockchain, digital assets, and fintech from across the globe for a two-day immersive experience in the heart of Dubai. From Web3 Conclave and high-stakes Esports tournaments to groundbreaking hackathons, from the pulsating rhythms of our music festival to the vibrant creativity of our cosplay event, ABC Conclave is a celebration of the diverse and dynamic spirit of the web3 community”. – Kirubakaran Reddy, Founder & CEO, Alphablockz. Book your tickets today and secure your place at this landmark event. Take advantage of the limited-time Early bird discounts and be among the first to experience cutting-edge technologies, innovative projects, and exciting opportunities in the blockchain industry. Get ready to embark on an incredible journey of knowledge, networking, and growth. Apply the code “ABCSPL30” to avail an additional 30% discount on our tickets, applicable until September 10, 2023. If you are a VC, media partner, C-level executive, or a prospective sponsor interested in being part of our groundbreaking event, inquire now: https://abcconclave.com/get-in-touch Secure your spot at the #ABCDXB today and become a driving force for change in the blockchain industry: https://abcconclave.com/tickets We look forward to welcoming you to ABC Conclave 2023 and joining forces to shape the future of blockchain technology. About ABC Conclave: ABC Conclave is a premier global platform dedicated to showcasing the latest advancements, trends, and insights in the Web 3.0, Blockchain, and Crypto space. It promises an exceptional lineup of esteemed Speakers, cutting-edge Projects, and esteemed Partners. The Dubai edition is assembling top-tier executives including CEOs, CTOs, CIOs, Chief Digital Officers, Heads of Innovation, and prominent experts from the web3, blockchain, and metaverse sectors. This exclusive B2B and B2C gathering will provide a unique opportunity to connect with thought leaders, innovators, and decision-makers driving advancements in these transformative technologies. The conference offers a platform for insightful discussions, networking, and exploring new opportunities within the crypto ecosystem. Fostering innovation and driving the adoption of decentralized technologies worldwide to shape the future of blockchain technology. This extraordinary event combines Gaming & E-Sports tournaments, a vibrant Music Festival, and captivating Cosplay, attracting a diverse audience of over 20,000+ attendees from across the globe. The event will feature a thrilling dev hackathon, and ABC Awards ceremony, as well as an array of engaging Side Events and Workshops. Join us at ABC Conclave for an unparalleled celebration of the Web3 industry’s innovation and potential. For more inquiries, please contact: Jagriti Jaiswal [email protected] ABC Conclave Telegram ID: @abc2023admin abcconclave.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.

The crypto market is always in flux, with new narratives and trends emerging each week. Renowned crypto analyst Miles Deutscher recently took to Twitter to share his insights on the altcoin space, shedding light on the tokens that are catching his attention. Crypto Watchlist For This Week Starting with UNIBOT, Deutscher highlighted its recent performance, noting that it’s down significantly (-60%) from its highs. He attributed this decline to a combination of fear, uncertainty, and doubt (FUD) and a decrease in key metrics. However, he remains optimistic, suggesting that the accelerated selling might be slowing down. “I used the dip as an opportunity to add to my position. I don’t think there’s a rush – but if you believe in the narrative you’re now getting another chance to accumulate in the double digits,” he shared, indicating a belief in the token’s long-term potential. KAVA is another token on Deutscher’s radar. He pointed out several positive developments, including its addition to Fireblocks, a platform that serves as a gateway for institutions. Furthermore, the involvement of DWF Labs and Kava’s role as a gateway to the Cosmos ecosystem for Tether are promising signs. The recent launch of their first perpetual decentralized exchange (perp dex) further underscores Kava’s growing momentum in the market. “Recently added to my accumulation list + I’m watching the chart closely,” Deutscher stated. However, not all tokens are receiving a positive nod. The analyst expressed concerns about GALA, citing internal disputes between its founders. “The situation over there is crazy, with both founders suing each other,” he remarked. This ongoing legal battle could potentially hinder the token’s performance and future developments. Deutscher also raised concerns about GALA’s centralization because of the fact that both the founders own 7,000 nodes and 50,000 nodes respectively, a revelation that emerged from recent documents. In the gaming altcoin space, PYR stands out. Following the turbulence surrounding GALA, liquidity seems to be moving towards other gaming tokens, with PYR emerging as a strong contender and probably the closest counterpart. Deutscher praised its resilience and positive accumulation phase, hinting at its potential for growth. “Upon checking the PYR chart, we rarely see a token in such an extended/positive accumulation phase”, Deutcher remarked. Another altcoin to watch is Maker (MKR). Currently, the community is abuzz with the news of their “End Game” initiative. Deutscher highlighted the project’s ambitious plans, including the proposal to launch their own native chain and move away from Ethereum. This move, however, has not been without controversy. “Vitalik obviously didn’t like it, as he sold his remaining MKR,” Deutscher mentioned, pointing to the Ethereum founder’s recent actions. Sui Network (SUI) is another token that’s been performing well, with a 70% increase in its Total Value Locked (TVL) over the past month. Deutscher sees potential in SUI, hinting at its explosive growth when it gains momentum: “When SUI pumps, it pumps hard. Definitely not one I’m fading when it wakes up (from a price perspective).” Short Solana (SOL)? Lastly, Deutscher touched upon Solana (SOL), a high-performance blockchain platform, which has recently been the subject of much discussion and speculation in the crypto community. The analyst pointed out that there’s been “negative noise” building around Solana, particularly in relation to the upcoming FTX liquidations. These liquidations have raised eyebrows due to the potential impact they could have on the token’s price. While some in the community believe that the effects of these unlocks and the eventual “forced selling” are already priced in, Deutscher suggests that the current lack of liquidity in the market might amplify the price fluctuations more than many expect. The situation is further complicated by the involvement of Galaxy, who are responsible for handling the funds. They are scheduled to appear in court on September 13th to present a liquidation plan. The figures being discussed are significant, with potential liquidations of up to “$100m weekly, and up to $200m for select tokens.” Despite these challenges, Deutscher remains strategically optimistic about Solana’s long-term prospects. He hinted at the possibility of adding to his long-term positions if a price correction occurs. However, he also noted that the current environment might present “interesting short opportunities” for those with a keen eye and a willingness to navigate the risks. At press time, SOL traded at $19,22. After falling below the 50% Fibonacci level ($20.22), a deeper retracement to $17.33 could be on the cards.