For any trader, recognizing stock chart patterns is essential to continued success and profitability. However, the process can be time-consuming and challenging, as patterns can look identical and often require a trained eye to distinguish one from the other. Stock chart patterns, which are graphical representations of price movements in the stock market, are used by traders to identify potential trends and make predictions about future movements. When you consider that Timothy Sykes, one of the big names in trading penny stocks today, has taught how to observe stock chart patterns to his top students— some of whom have now made several millions of dollars over a few years— you get an idea of just how much profit can be made from understanding stock chart patterns. Every trader knows stock chart patterns are essential, either in part or in full, but not all traders understand the immense value of finding these patterns in real-time. Experienced traders are now leveraging the power of artificial intelligence (AI) to see patterns in real-time and make more informed trading decisions. The good news is that any trader, no matter how inexperienced, can also do the same when guided properly. In this article, I will show you the benefits of finding stock chart patterns in real-time and how to leverage AI for the best ROI. But first, let’s see the most important stock chart patterns to look for. Which Stock Patterns Are The Most Important? Stock chart patterns (StocksToTrade.com) According to Sergey Savastiouk— founder and CEO of web-based, interactive financial marketplace Tickeron— the concept of stock chart patterns is based on the idea that certain patterns tend to repeat themselves and thus can be used to anticipate market movements. There are many stock patterns that could come in handy and if you are going to trade stocks more easily, you should be aiming at knowing, recognizing, and understanding the most important of them. Wondering what the most essential stock patterns are? Financial technology thought leader Savastiouk has some answers: 1. Head and Shoulders: This pattern is often a signal that a security’s price is set to fall, once the pattern is complete. It consists of a peak (head), followed by a higher peak (shoulder), and followed by a lower peak (shoulder). 2. Cup and Handle: This bullish signal marks a time of consolidation before a breakout. It resembles a teacup when viewed from the side. 3. Double Tops and Bottoms: This pattern often signifies a trend reversal. Double tops are formed after a sustained uptrend and signify that the asset is set to fall. Double bottoms, on the other hand, are formed after a sustained downtrend and signify a potential rise in the asset’s price. 4. Triangles: These can be ascending, descending, or symmetrical, and often signal the continuation of a trend. They are typically identified by drawing trendlines along the highs and lows on a chart and noting the convergence. 5. Flags and Pennants: These short-term continuation patterns mark a small consolidation before the previous move resumes. 6. Wedges: Wedges can be either rising or falling and can signify both reversal or continuation patterns, depending on the trend on which the wedge forms. While there are many more patterns that can influence or impact trading, Savastiouk notes that the patterns above are the most critical weapons in a trader’s arsenal. The patterns serve as a guide for traders and investors, providing them with insights into potential price movements. However, as with all trading strategies, Savastiouk says they should not be used in isolation but in conjunction with other indicators and risk management techniques. The Dawn of AI Trading Bots AI trading bot (Source: Tickeron.com) AI and automated trading systems, often referred to as trading robots or “bots,” have become increasingly common in today’s financial markets. AI-powered platforms like Tickeron might help professional traders find stock patterns by enabling pattern recognition, backtesting, automated alerts, predictive analysis, and integration with other tools. AI trading bots can further benefit professional traders in the following ways: Efficiency: AI robots can process vast amounts of data at a speed far beyond human capabilities. They can analyze market trends, identify patterns, and execute trades in real-time, increasing efficiency and responsiveness. Emotionless Trading: AI robots are devoid of emotions, which can often negatively impact trading decisions. They strictly follow the trading strategy they are programmed with, eliminating the risk of panic selling, overconfidence, or other emotional decisions. 24/7 Trading: Financial markets, especially cryptocurrency markets, operate around the clock. AI robots can trade continuously, capitalizing on opportunities that might arise outside of a human trader’s working hours. Customizability: Traders can program AI robots to follow specific strategies that suit their risk tolerance, financial goals, and preferred markets. However, while AI trading bots offer a range of benefits, they also pose some risks— including overreliance, cybersecurity risks, and inability to adapt to market volatily. That’s why Savastiouk notes that they should be used as part of a broader investment strategy that considers a variety of factors. For example, the AI-powered trading platform Tickeron has other tools like AI Screener to perform a thorough fundamental analysis. Tickeron also incorporates risk management strategies, such as stop-loss and take-profit orders, in its AI robot to help manage market volatility risks. While AI robots have their place in trading, offering potential benefits in terms of efficiency, emotionless trading, and the ability to operate 24/7, Savastiouk advocates that they should be used wisely, with awareness and mitigation of the associated risks. Benefits of Finding Stock Patterns in Real Time As a stock trader, you can move from seeing patterns after they happen to see them as they happen. The benefits of finding stock patterns in real-time are enormous and Savastiouk shares some insights below: Timely Decision-Making: Stock markets are volatile, with prices moving rapidly in response to a multitude of factors. Identifying patterns in real time enables traders to make timely decisions, seizing opportunities as they arise and potentially improving their returns. Risk Management: Real-time pattern recognition can alert traders to potential price reversals or continued trends. This allows for better risk management as traders can set stop-loss orders or exit positions based on emerging patterns. Automation and Efficiency: Real-time pattern recognition, especially when done through AI platforms, can significantly increase efficiency. It eliminates the need for manual chart analysis, allowing traders to monitor multiple securities simultaneously and freeing time to focus on strategy development. Confirmation of Trade Signals: Real-time pattern recognition can be used to confirm signals from other indicators or forms of analysis. If a pattern aligns with a signal from another technical indicator, it can give traders more confidence in their decision. Improved Precision: Real-time pattern detection can help pinpoint exact entry and exit points for trades. By identifying the exact moment a pattern completes or a breakout occurs, traders can enter or exit trades at the most advantageous moment.’ Adaptability: Markets are constantly changing, and what worked yesterday might not work today. Real-time pattern recognition helps traders stay adaptable, providing up-to-the-minute information that reflects the current market conditions. Final Thoughts While AI-powered bots offer huge benefits and can help traders make data-driven and insights-backed decisions, the stock market must always be approached with caution. As experts like Savastiouk advise, it’s important to note that real-time pattern recognition should be used in conjunction with other forms of analysis and tools (which Tickeron offers). All trading strategies carry risk, and a comprehensive approach can help to manage this. Additionally, pattern recognition requires significant skill and understanding to interpret correctly and is not a guarantee of future price movements.

Ethereum price is facing many hurdles below the $1,700 resistance against the US Dollar. ETH could extend its decline below the $1,580 and $1,550 levels. Ethereum is still struggling to recover above the $1,700 and $1,720 levels. The price is trading below $1,680 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it breaks the $1,580 support in the near term. Ethereum Price Faces Uphill Task Ethereum’s price failed to climb above the $1,700 resistance zone. ETH started a fresh decline below the $1,650 and $1,620 levels, similar to Bitcoin. The price even spiked below the $1,600 support and tested $1,580. A low was formed near $1,580 and the price is now attempting a fresh recovery. There was a move above the $1,600 level. The price is now testing the 50% Fib retracement level of the downward move from the $1,693 swing high to the $1,580 low. Ether is also trading below $1,680 and the 100-hourly Simple Moving Average. Besides, there is a major bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,650 level. It is close to the 61.8% Fib retracement level of the downward move from the $1,693 swing high to the $1,580 low. The next resistance is near $1,665 or the 100-hourly Simple Moving Average or the trend line. Source: ETHUSD on TradingView.com The main barrier is still near the $1,700 zone. A close above the $1,700 level could start a decent increase in the near term. The next major resistance is near the $1,750 level. Any more gains might send the price toward the $1,820 resistance. Another Drop in ETH? If Ethereum fails to clear the $1,665 resistance, it could start another decline. Initial support on the downside is near the $1,600 level. The first major support is near the $1,580 zone. If there is a downside break below $1,580, there could be more losses. The next major support is near the $1,550 support level. Any more losses might send the price toward the $1,520 level or even to a new low below $1,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,580 Major Resistance Level – $1,665

BNB price (Binance coin) is attempting a recovery from $202 against the US Dollar. The price could start a strong increase if it clears the $215 resistance level. Binance coin price is slowly moving higher from the $202 zone against the US Dollar. The price is now trading below $230 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum above $215 and $216. Binance Coin Price Eyes Fresh Increase In the past few days, BNB price saw a major decline from well above the $235 level. The price declined below the $225 and $220 levels to enter a bearish zone, similar to Bitcoin and Ethereum. It even spiked below the $212 support. It tested the $202 zone and recently started an upside correction. There was a move above the $210 level. Besides, there was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BNB/USD pair. However, BNB price is still trading well below $230 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $214 level. It is close to the 23.6% Fib retracement level of the downward move from the $248 swing high to the $203 low. Source: BNBUSD on TradingView.com A clear move above the $214 zone could send the price further higher. The next major resistance is near $225 or the 50% Fib retracement level of the downward move from the $248 swing high to the $203 low. A close above the $225 resistance might increase the chances of a push above the $230 resistance. Another Decline in BNB? If BNB fails to clear the $214 resistance, it could start another decline. Initial support on the downside is near the $208 level. The next major support is near the $202 level. If there is a downside break below the $202 support, the price could drop toward the $200 support. Any more losses could send the price toward the $185 support. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently near the 50 level. Major Support Levels – $208, $202, and $200. Major Resistance Levels – $214, $225, and $230.

Bitcoin (BTC), the leading cryptocurrency in terms of market capitalization, is displaying persistent indications of an ongoing downtrend. Currently oscillating between the $26,000 level and the $25,800 mark, it is edging closer to a crucial support level at $25,400. The significance of this threshold cannot be overstated for BTC bulls, as it holds the potential to halt the ongoing decline. Bitcoin Faces Crucial Levels, Analyst Warns Of Potential Dip Bitcoin finds itself at a critical juncture as it tests a crucial support level, according to renowned crypto analyst Ali Martinez. The analyst points to the critical support level of $25,400, which serves as a make-or-break threshold for BTC bulls. According to his analysis, a breakdown below this level could trigger further downside momentum, potentially leading to a dip to $22,650 or even $20,590. While cautioning about potential downside risks, Martinez also highlights a key resistance level that Bitcoin needs to overcome for a bullish trend reversal. The $28,830 mark emerges as a crucial hurdle that BTC must surpass to shift the market sentiment in favor of the bulls. A successful breakthrough above this resistance level could trigger renewed buying interest and potentially ignite a sustained upward move for Bitcoin. However, as depicted in the chart above, Bitcoin briefly lost its crucial $25,400 support on August 17, dipping below the $25,100 mark. The breach triggered an immediate response from Bitcoin bulls, leading to a swift recovery and reclaiming of the $26,000 level. Nevertheless, what is certain, is that BTC has struggled to consolidate above this line and continue its upward momentum. However, many market participants view this as a potential consolidation phase for Bitcoin, a pattern that has occurred historically after significant declines. These consolidation phases are often followed by a resumption of the bull run, as evidenced by previous instances. For instance, on March 11, Bitcoin experienced a sharp decline from its first yearly high of $25,000, only to recover and conclude a one-month uptrend on April 14 at $30,900. Similarly, on June 14, after falling from its initial yearly high to the $25,000 mark once again, Bitcoin recovered and surged to achieve another yearly high at $31,800. These historical instances suggest that the current price action for BTC is within the realm of normal. It follows a pattern of temporarily dampening investor hopes and then, under favorable circumstances, rebuilding confidence and propelling investors to new heights of optimism. Overall, the sustainability of Bitcoin’s upcoming support floor is yet to be determined, and it remains to be seen if this current price action will follow the historical pattern of recovery seen in the past. Should this trend persist, there is a possibility of a short-term recovery ranging between $5,000 to $10,000 for the dominant cryptocurrency in the market. Featured image from iStock, chart from TradingView.com

Bitcoin price remained strong above the $25,500 zone. BTC could soon attempt a recovery wave above the $26,500 resistance zone in the near term. Bitcoin is still consolidating above the $25,500 support zone. The price is trading near $26,050 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance near $25,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if there is a clear wave above the $26,500 resistance. Bitcoin Price Eyes Recovery Bitcoin price started another decline below the $25,800 zone. BTC spiked below the $25,600 and $25,500 levels. However, downsides were limited below the $25,350 level. A low was formed near $25,359 and the price started a fresh increase. There was a move above the $25,500 and $25,600 levels. The price climbed above the $26,000 level and tested $26,150. Besides, there was a break above a connecting bearish trend line with resistance near $25,900 on the hourly chart of the BTC/USD pair. Bitcoin is now trading near $26,050 and the 100 hourly Simple moving average. It is also above the 23.6% Fib retracement level of the recent increase from the $25,359 swing low to the $26,155 high. Immediate resistance is near the $26,150 level. The next major resistance is near $26,250. A close above the $26,250 resistance might send the price toward the $26,500 resistance zone. Source: BTCUSD on TradingView.com If the bulls push the price above $26,500, there could be a move toward the $27,000 resistance zone. Finally, to start a decent increase, the price must settle above the $27,000 zone. A close above the $27,000 resistance could start a decent increase toward the $27,800 resistance zone. Any more gains might set the pace for a larger increase toward $28,150. Another Decline In BTC? If Bitcoin fails to clear the $26,250 resistance, it could start another decline. Immediate support on the downside is near the $25,850 zone. The next major support is near the $25,550 level or the 76.4% Fib retracement level of the recent increase from the $25,359 swing low to the $26,155 high. A downside break below the $25,550 level might push the price again into a bearish zone. In the stated case, the price could drop toward $25,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $25,850, followed by $25,550. Major Resistance Levels – $26,250, $26,500, and $27,000.

Trading at around $0.51, XRP bears have fully reversed all gains posted on July 13, looking at price action in the daily chart. Although bulls are optimistic, it hasn’t been smooth sailing for these traders, and bears have been active, shaving gains and putting buyers on the backpedal. Related Reading: Optimism (OP) Continues Market Recovery As Network Whales Triple Holdings As it is, the path of least resistance, looking at the price action from 2023 peaks to date, is southwards. XRP Bears Are Unyielding Presently, XRP is down 45% from July 2023 highs. Though prices are higher relative to last week’s lows, the coin remains under immense selling pressure. Looking at price charts, XRP prices are trending inside the August 17 trade range, a bear candlestick, suggesting that sellers have the upper hand unless there is a significant spike above $0.60 with rising volumes. This could ignite demand, lift sentiment, and allow buyers to resume the uptrend. The ruling by Judge Analisa Torres on July 13 went against the United States Securities and Exchange Commission’s (SEC) claims that XRP is a security. In late 2020, the SEC alleged that Ripple, the blockchain company that uses XRP in one of their payment solutions, raised billions by selling the token, violating securities laws. Ripple’s executives, including Brad Garlinghouse, were also sued. Last month’s landmark ruling, in favor of Ripple and its executives, reignited demand, but the momentum appears to be fizzling since bears have completely peeled back gains. What’s Next For XRP? According to coin trackers, XRP has a market cap of $27 billion and is technically the fourth largest cryptocurrency excluding Tether (USDT), when writing on August 22. The coin is more liquid than Cardano, Solana, and Dogecoin at this valuation. It is only trailing Ethereum, Bitcoin, and BNB. Its gap with BNB is narrowing to around $5 billion. The woes around Binance, the world’s largest crypto exchange, with regulators and banks, especially in the United States, could heap more pressure on BNB. In that way, the coin may drop in valuation, allowing XRP to be the third-largest network in the world. While price action in the daily chart predominantly points to bears, the recent bounce from lower prices after the dump on August 17 may signal strength. Whether buyers will build on this development and resume the uptrend in the direction of the July 13 bar remains uncertain. What’s also clear is that trading volumes are relatively low compared to the wide-ranging bar of mid-July that still shapes the current preview.

The crypto community is currently buzzing with excitement and curiosity following rumors of Robinhood potentially listing XRP. These rumors come as the XRP price falls to pre-judgment levels, sparking hope that it could trigger a reversal. XRP Rumors Has Crypto Twitter In A Frenzy Rumor has it that an anonymous insider has confirmed the potential listing of XRP, the native token of Ripple, on Robinhood, an American financial trading platform, before the end of 2023. The rumor was started on August 22 by a crypto user on X (formerly Twitter) who goes by the username @25hoursawake. The whispers of Robinhood listing XRP have sent shockwaves in the crypto community and numerous crypto investors and enthusiasts have taken to Twitter to air out their respective views and opinions on the speculation. Robinhood is renowned for its meticulous listing process, and according to an X user Crypto Asset Guy, Robinhood has a reputation for not just listing any type of cryptocurrency. The trading platform puts considerable effort and time into its crypto listing procedure to ensure only the highest-qualified cryptocurrencies according to their standards are integrated into its platform. Alternatively, the crypto and stock trading platform is also known for delisting cryptocurrencies without a second thought, if said cryptocurrency faces any form of regulatory or significant market challenges. As the crypto space eagerly discusses the ramifications of Robinhood potentially listing XRP, some enthusiasts argue that integrating XRP tokens into the platform would have a positive outlook, exposing the digital asset to a wider audience and increasing investments in Robinhood. Other individuals have pointed out Robinhood’s affinity for restricting trades and transactions during high market volatility. This has led to doubts about the platform’s ability to provide uninterrupted access to XRP users’ digital assets. Commenting on the rumors of Robinhood listing XRP, Crypto Assets Guy stated that if the speculations prove to be true, then the crypto community should look forward to a surge in investments and market trends. He emphasized that Robinhood may have insights on XRP, unbeknownst to the public. “If the rumors are true and Robinhood lists $XRP by the end of the year then prepare for a MASSIVE uptrend. Robinhood is known for being very tedious when selecting which crypto to list. So if they are getting ready to list XRP they must know something,” he said. Additionally, the outcome would undoubtedly increase the cryptocurrency’s mainstream adoption. Analyzing The Potential Effect Of A Robinhood Listing Ripple has been in an ongoing lawsuit with the United States Securities and Exchange Commission (SEC) for almost three years now. The lawsuit was thought to be finalized after XRP took a win following Judge Analisa Torres’s ruling which stated that programmatic XRP sales are not to be considered a security. However, the SEC has recently issued an interlocutory appeal to reevaluate the case. This move has pushed XRP back to a potentially red zone in terms of regulatory challenges. If the SEC were to emerge victorious, then it could impact the potential listing of XRP on a platform such as Robinhood.

Crypto exchange Binance has had a tough few months in terms of market news and pressure from regulatory bodies. Just a few days ago, Binance lost another payment processing partner after Checkout.com terminated its contract with the crypto exchange. And now, another rumor that appears to be spreading is that Binance is selling Bitcoin on the spot market to sustain the price of its native token, BNB. Is Binance Really Selling Its Bitcoin To Buy BNB? The rumor originated from a post made by @WhaleChart on X (formerly Twitter), claiming that Binance is allegedly selling Bitcoin on the spot market to support the price of its own token, BNB. This rumor seems to be gaining ground since the tweet first went live, especially as the price of BNB continues to struggle in the market. This is because as one of the biggest holders of both Bitcoin and BNB, Binance is in a unique position to manipulate the market if it wanted. However, this remains only a rumor as there are currently no signs the crypto exchange is manipulating the price for short-term gains in BNB. Additionally, data from Coinmarketcap shows that the prices of both cryptocurrencies have been falling together in the past week, with Bitcoin also down by 11.20% in a 7-day timeframe. This will not be the first time such allegations are being brought against the exchange. Binance has faced similar claims in the past, with crypto analyst JW claiming Binance was selling Bitcoin to prop up the price of BNB in June of this year. Binance CEO Changpeng Zhao (CZ), however, denied the allegations, dismissing them as an attempt to spread fear, uncertainty, and doubt (FUD). Whether or not the theories are true, Binance has surely been under intense scrutiny, but it continues to stand strong as the biggest exchange in the world. BNB and other cryptocurrencies that rely on the BEP20 and BEP2 token standards are very dependent on Binance, as news surrounding the exchange has led to price pumps and dumps in the past. But there has been no solid evidence that the exchange has been manipulating the prices of any of these tokens. The price of BNB has seen a drastic reduction in the past few days as the entire market goes through corrections signaled by BTC falling by more than 8% in a couple of minutes last week. As a result, BNB has seen its price drop to $209.44, a reduction of 12.33% in the past few days. To combat a further price drop, the BNB Chain had to manually liquidate a $200 million position on the Venus DEFI protocol, which would have been liquidated after BNB dropped below $220. At the time of writing, BNB is the fourth biggest crypto with a market cap of $32.2 billion.

Off the back of the much-anticipated Shibarium launch, the SHIB burn rate has seen a tremendous rise. This surge in the burn rate comes despite the Layer 2 blockchain running into problems on the day of its launch last week, and still being in private mode. But while it could point to renewed vigor among the meme coin’s investors, something else seems to be driving this accelerated burn rate. SHIB Burn Rate Is Up 1,108% In One Day According to data from Shiba Inu burn tracking website Shibburn, there has been a remarkable increase in burn rate in the last 24 hours compared to the prior day. In total, there have been over 1.046 billion tokens burned, which translates to a 1,108.78% increase during this timeframe. This is in stark contrast to the previous day’s figures which came out at around 100 million tokens burned. However, while the jump in burn rate is interesting, the address doing most of the SHIB burn is even more interesting. Looking at the burn addresses posted by Shibburn, one address keeps popping up and that is the 0x4be2 address. A quick look on-chain revealed that this address is actually the contract address for the MARSWAP (MSWAP) token. This token seems to dedicate a portion of fees generated from transactions toward SHIB burn and as it gains popularity, the number of SHIB tokens being burned has jumped. So far, Marswap accounts for about 40% of burnt tokens. But a single address, 0xcf6d, which is the ShibaSwap LP Token (SSLP) contract address, burned 418,719,732 tokens in what has been the single largest burn event in the last day. How Is The Token Price Responding? Despite the marked increase in the SHIB burn rate, the price of the meme coin has not responded as positively as expected. The token price seems to be keeping in line with the general crypto market sentiment and continues to trade in the red. Although there has been a small shift in the last hour at the time of this writing, with SHIB’s price moving up a meager 0.16%, its price is still taking losses of 1.48% on the daily chart. Even more concerning is its significant loss of 21.94% on the weekly chart. Given this trend, it is unlikely that SHIB will make a break from the market and rally. Rather, a recovery from here will follow a Bitcoin rise. However, one event that could trigger a recovery is the Shibarium relaunch. According to lead developer Shytoshi Kusama, the layer 2 network could be gearing up for a relaunch in the coming days.

This year has been marked by significant volatility across the crypto market, including for Bitcoin, which has seen both gains and losses over the course of the year. Just a month ago in the middle of July, Bitcoin crossed over $30,000 and many investors saw this as the start of another bull run. However, things seem to have taken a turn, as the price of Bitcoin has plateaued since then. The asset is currently struggling to find a push in price, and it would seem this sentiment has flowed into digital asset funds. According to the weekly report published by digital asset manager CoinShares, Bitcoin outflows from institutional accounts have resumed in the past week. Outflows From Digital Asset Investment Products Outflows from digital asset investment products have spiked in recent weeks to register a three-week run of outflows. This would indicate that institutional investors might be avoiding volatile cryptos. This comes two weeks after a brief period of inflows, where Ripple’s partial victory in court and recent US inflation data led to inflows in digital asset products. However, data shows that outflows resumed last week, and it appears that the euphoria that followed Ripple’s partial triumph against the SEC has dissipated. Digital asset investment products saw $55 million in outflows last week, with Bitcoin leading the charge with outflows of $42 million. Other cryptocurrencies like Ethereum registered $9 million outflows, while Polygon, Litecoin, and Polkadot saw outflows of $0.9 million, $0.6 million, and $0.5 million, respectively. On the other hand, XRP and Cardano saw an increase in their respective inflows of $1.2 million and $0.1 million. In terms of region, Canada had the most outflows of $35.9. million, and Germany followed with $11 million. Rise In Bitcoin Outflows Bitcoin outflows from exchanges suggest big investors may be losing faith in the popular cryptocurrency. One factor that fueled this outflow is speculations going around that the SEC might not actually approve applications for spot Bitcoin ETFs in the US. As a result, total assets under management (AuM) declined by 10% to close the week at $32.3 billion. The speculations come as the SEC has delayed making a decision on Spot Bitcoin ETF applications multiple times. Each postponement casts more doubt on whether they will ever approve one and an outright rejection from the SEC will most likely lead to the price of Bitcoin falling to $20,000 and digital asset investment products registering more outflows. At the time of writing, Bitcoin is trading at $26,053 and is down by 11.09% in a 7-day timeframe.

The price of Bitcoin has stalled again around its current levels as an explosion in downside volatility broke critical support. The cryptocurrency is trapped between major players waiting and positioning for the next move; which side will prevail in this battle? As of this writing, Bitcoin trades at $26,000 with sideways movement in the last 24 hours. In the previous seven days, the cryptocurrency recorded a 12% correction which has severely impacted other assets in the sector, notably XRP and Binance Coin (BNB), which recorded losses north of 15% in the same period. Retail Traders Likely To Push Bitcoin Price Lower? In a report from Bitfinex Alpha, an analyst points out the influence of the derivatives sector on the spot Bitcoin price. Last week, BTC’s volatility was compressed, declining into historical lows, but a negative delta (high selling pressure) persisted, moving the price lower. At the time, Bitcoin dropped enough to trigger a liquidation cascade, which was potentially worsened by a prominent trader being forced out of their position on a crypto exchange, the report speculated. The chart below shows that Open Interest in the derivatives sector followed BTC’s price action. This market dynamics left Bitcoin in its current state. Analysts from Material Indicators called it a “game of chicken” between prominent players waiting to see if enough liquidity will be added to support the current levels or if the selling pressure will return. The analysts indicated that the BTC price orderbook is the thinnest in 6 months while adding the following: Material Indicators showed that when the price of Bitcoin broke below critical support, most of the selling was done by relatively small traders. However, whales likely used small selling orders to reduce slippage and push prices down to current levels. A similar scenario seems likely if the BTC price slowly bleeds into critical support triggering another liquidation cascade. In the meantime, the number one cryptocurrency seems bound to carry on its game of Chicken between large players. Cover image from Unsplash, chart from Tradingview

Total Revenue Equivalent in BTC Increased 23% M/M Total Operational Capacity as of July 31, 2023 was approximately 96 Megawatts Capacity to support approximately 27,636 miners SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, announced today its unaudited business and operational update for July 2023. Rahul Mewawalla, CEO and President, commented, “During July, we continued to optimize our self-mining capabilities and throughput by enhancing our operational structure along with increased emphasis on our hardware management and miner management software analysis and enhancements. Our uptime and miner performance has been robust despite the increased summer temperatures. Interest from potential hosting customers has also been positive given our sites being strategically located in the desirable PJM power market. Operational focus, information systems, competitive power, strategically located sites, and Mawson’s capabilities to adapt to market dynamics are amongst the Company’s growing competitive advantages.” 2023 Strategic Focus Mawson looks to continue to drive growth in 2023 through: Exploring expansion opportunities in the PJM energy markets, especially in Pennsylvania and Ohio. Continue to secure a portfolio of sites in its preferred geographies and markets for long-term digital infrastructure capacity. Continue participation in the Energy Markets Program which generates additional revenue. Develop strategic partnerships and commercial relationships within industry ecosystem. Drive a diversified revenue mix of self-mining, hosting, and energy markets participation. Continue drive towards our “Operational Excellence” management approach. June Bitcoin Self-Mining, Energy Market Program & Hosting Co-location Results Update1: May June July July Variance Total Revenue Equivalent in BTC 3 127 132 163 +23% Total Self-Mining BTC 67 71 69 -2.8% Total Installed2 Self-Miners 13,750 16,350 16,350 – Total Available Owned Miners 20,000 20,000 20,000 – Total Power Online 88 MW 96 MW 96 MW – Total Revenue equivalent in BTC:1633 Total Self-Mining Bitcoin Production: 69 Approximately $4.89M in Monthly Revenue for July 2023 Self-Mining Monthly Revenue: $2.07M Hosting Co-location Monthly Revenue: $1.78M Energy Market Program Monthly Revenue: approximately $1.04M Total Power Online: 96MW Total revenue in BTC equivalent increased 23% M/M About Mawson Infrastructure Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure company with multiple operations throughout the USA. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches digital infrastructure, sustainable energy, and next-generation Mobile Data Center (MDC) solutions, enabling efficient Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and strategic growth, Mawson Infrastructure Group is emerging as a global leader in ESG focused digital infrastructure and Bitcoin mining. For more information, visit: https://mawsoninc.com/ Statements about hashrate capacity Statements in the press release about hashrate capacity (including ‘installed capacity’ or ‘nameplate capacity’), will often differ from the actual or observed hashrate. These terms generally make certain assumptions about the efficiency of the ASIC miners that are in use. Some ASIC miner models will consume less power to create the same amount of hashing power than other ASIC miner models (typically more recent models are more efficient). Many ASIC miner fleets are blended fleets, including various ASIC miner models each with different efficiency ratings. Hashrate capacity figures typically assume 100% deployment of ASIC miners. Given the large numbers of computing units (often numbering in the tens of thousands), ASIC mining fleets are rarely 100% deployed and online at any one time. This can be due to a variety of factors, including ASIC miners being under maintenance, in repair workshops, in storage, in transit, or due to technical faults and breakdowns. Once deployed and online, the actual or observed hashrate can be influenced by other factors such as heat, overclocking (causing the ASIC miner to perform at levels higher than the manufacturer’s specifications), the age, and wear and tear exhibited by the ASIC miners and also by the limitations of the surrounding infrastructure, such as power outages, and MDC and transformer breakdowns. Construction and development delays are a common risk for mining data centers, for example due to weather, permitting delays, or labor and equipment shortages. Investors should consider all risk factors related to uptime when considering these figures, which are a best-case scenario. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 23, 2023, and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on May 15, 2023, August 21, 2023, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law. _________________________ 1 All figures unaudited, and as of July 31, 2023. 2 “Installed” may include miners that are deployed in Mawson’s datacenters but may not be online or hashing 100% of the time. 3 Revenue equivalent BTC is the total revenue of the company for the period divided by the average BTC price. For the month of July, the figure used is $30,063.60. Contacts Investor Contact: Sandy Harrison Chief Financial Officer [email protected]

The Avalanche token (AVAX), like most other altcoins, felt the bearish impact of the general market downturn, which resulted in a billion-dollar liquidation in the crypto market. Historical price data, however, shows that AVAX has been experiencing selling pressure long before this recent market crash. As expected, the struggling price of the Avalanche token has also been reflected in the portfolio of the cryptocurrency’s investors, who seem to be drowning in losses at the moment. AVAX Holders In Profit Reach All-Time Low: IntoTheBlock On Tuesday, August 22, market intelligence platform IntoTheBlock revealed – via a post on X (formerly Twitter) – that the number of AVAX holders in profit is at an all-time low. According to IntoTheBlock data, approximately 99.5% of AVAX holders are at a loss. This metric implies that nearly all investors in this cryptocurrency bought at a higher price and are currently holding at a loss due to the sustained bearish trend. From a historical perspective, AVAX holders have witnessed similar levels of loss in the past, albeit not to this extent. The on-chain tracker reported that the number of AVAX holders in profit was almost as low in June and December 2022. It is worth noting that these losses are unrealized, and they only become real when the Avalanche tokens – being held – are traded off. Although a high number of crypto holders in loss is not exactly a positive signal, it can be an indication that investors are yet to lose faith in a token and may even be banking on a recovery. Avalanche Price Dips 17% In A Single Week As mentioned earlier, the AVAX price has been struggling long before the recent market downturn, down by 52% from its yearly high of 21.37%. Unfortunately, the Avalanche market has been in a steep decline since notching a swing high in April. In the past week, which coincided with the $1-billion market liquidation, AVAX has lost more than 17% of its value. Furthermore, a broader look at the market data shows that the token is on a nearly 25% decline in the last 30 days. The future doesn’t look particularly bright for AVAX, especially with its upcoming token unlock event. A total of 9.54 million tokens is set to be unlocked on August 26, with a large portion of the unlocked tokens expected to hit the open market, potentially exacerbating the struggles of the Avalanche price. According to CoinGecko data, AVAX is currently valued at $10.20, registering a 3.5% price decline in the past 24 hours. With a market cap of roughly $3.52 billion, the Avalanche token ranks as the 22nd-largest cryptocurrency in the market.

The US Securities and Exchange Commission’s (SEC) legal tussle with Ripple over the XRP token may have significantly set its trajectory back in the US market. Crypto lawyer John Deaton explained this in an X (formerly known as Twiter) post uploaded earlier today, shedding light on the ramifications of the SEC’s lawsuit on XRP’s potential adoption in the US. The comments come when discussions about regulatory clarity in crypto are more intense than ever, with token holders striving for clearer guidelines in the North American country. The Coinbase Connection According to Deaton, Coinbase, one of the pioneering cryptocurrency exchanges in the US, was at the forefront of promoting XRP before regulatory challenges arose. Deaton pointed out that before listing XRP, Coinbase proactively reached out to the SEC for clarity. In a meeting held in January 2019, Coinbase presented its regulatory framework for evaluating digital assets – a framework that had previously garnered admiration from senior SEC staff. With no objections raised by the SEC, Coinbase proceeded to list XRP the following month. Furthermore, the fact wasn’t just restricted to Coinbase. Payment processing giant MoneyGram, which had established a partnership with Ripple for remittances, disclosed its intentions to integrate with the XRP Ledger through a formal filing with the SEC. Much like the Coinbase instance, MoneyGram didn’t receive any complaint from the regulatory body either, but the ensuing legal battle halted the company’s plans. The Controversial Lawsuit And Its Implications For XRP Contrary to these initial interactions, the SEC filed a lawsuit against Ripple in December 2020. Deaton emphasized that several industry stakeholders, including the lawyers at MoneyGram and Coinbase, assessed XRP and determined it was not a security. Yet, the SEC’s lawsuit against Ripple painted a contrasting narrative. The following legal battle created was felt across the crypto industry. It raised questions about the regulatory landscape and brought forth discussions about the nature of cryptocurrencies and how they are classified in the US. While Ripple has seen commendable success outside the US, Deaton underscored that the lawsuit undeniably hindered XRP’s adoption within the country. From Deaton’s perspective, the evidence gathered over the past three years suggested that the lawsuit may have been part of a strategy. While it remains speculative to conclude the exact motivations behind the SEC’s actions, the impact on XRP’s US adoption and the broader crypto market has been palpable. Deaton concluded: Featured image from Unsplash, Chart from TradingView

Will Bitcoin observe a repeat of the rebound that took place after the crash back in March? Here’s what this on-chain metric suggests. Bitcoin Short-Term Holder SOPR Is Showing A Pattern Similar To March As an analyst in a CryptoQuant post explained, if the BTC short-term holder SOPR crosses above 1 in the coming days, a rebound might occur. The “Spent Output Profit Ratio” (SOPR) here refers to an indicator that tells us whether the investors are selling their Bitcoin at a profit or a loss right now. When the value of this metric is greater than 1, it means that the average holder is currently moving their coins at a profit. On the other hand, values under this threshold imply that loss-taking is the dominant behavior in the market. The SOPR being precisely equal to one naturally suggests that the investors are just breaking-even on their selling currently, as the total amount of profits realized in the market is precisely canceling out the losses. In the context of the current discussion, the SOPR for only a specific market segment is of interest. Namely, the short-term holder (STH) SOPR is the relevant metric. Here is a chart that shows the trend in the 7-day simple moving average (SMA) Bitcoin STH SOPR over the past few months: The STH group includes investors who purchased their BTC less than 155 days ago. This cohort makes up one of the two main segments of the market, the other side being the “long-term holders” (LTHs). As displayed in the graph, the 7-day Bitcoin STH SOPR had been floating around the neutral mark before the recent crash, but following it, the metric has plunged into the loss territory. This would suggest that the STHs have been panic-selling at a loss after they witnessed the cryptocurrency register a deep drawdown. The chart shows that the crash back in March of this year also pushed the STHs into selling at a loss. The lowest value that the 7-day STH SOPR has seen in the current crash so far has been similar to what the March crash observed. Historically, capitulation has allowed the asset to form bottoms, as in such events, the weak hands exit the market, and the more persistent investors may pick up their coins. This effect seems to have worked in March, as the coin hit its bottom during the STHs’ capitulation. As the loss selling slowed down, Bitcoin rebounded in speculator fashion, as its price jumped below $20,000 to near the $30,000 mark. Currently, the STHs’ loss selling is slowing down, as the metric’s value is gradually rising. The latest capitulation may have also allowed BTC to form a bottom this time. It remains to be seen whether that was the case, and if Bitcoin can show a rebound similar to back in March. BTC Price At the time of writing, Bitcoin is trading around $26,000, down 11% in the last week.

Cryptocurrency hardware provider Tangem has launched fresh cold wallets. The new release follows high demand that led to the rapid sell-out of the initial 5,000 units. The re-release comes after the initial batch quickly sold out due to strong interest. Cryptocurrency hardware provider Tangem recently announced the manufacture of new cold wallets featuring the popular meme coin Shiba Inu. The company stated on X that the latest batch is now available for purchase after an initial 5,000 unit sale this past July. Tangem’s SHIB wallets operate by allowing users to securely store private keys offline while enabling transactions through an accompanying mobile app. The slim devices are designed to support over 6,000 different cryptocurrency assets. The previous supply of 5,000 Shiba Inu wallets quickly sold out amidst strong demand from the meme coin’s enthusiastic community. Tangem reportedly shipped the first units from Hong Kong to fulfill global pre-orders. The new product integration comes as Shiba Inu developers continue working to boost real-world utility. Earlier this month, Shiba Inu sponsored a major blockchain conference in Toronto, highlighting adoption use cases. Meanwhile, the protocol’s long-awaited Layer 2 scaling solution, Shibarium, launched on the testnet to mixed results. The Shibarium mainnet rollout suffered setbacks from network congestion, prompting collaboration between developers to improve capacity. Once fully operational, Shibarium aims to enable faster and less expensive transactions using the popular Shiba Inu token. For now, the latest Tangem hardware wallets provide an additional portal for cryptocurrency storage and use while spotlighting Shiba Inu’s expanding ecosystem. The brand collaboration exemplifies the token’s efforts to penetrate mainstream consumer markets beyond core cryptocurrency audiences.

The firm has sustained tremendous growth across its services despite slow market recovery AUSTIN, Texas–(BUSINESS WIRE)–Unchained, the leader in financial services for bitcoin holders, today reported a 170% increase in loans collateralized by bitcoin from Q1 to Q2 2023. The firm also saw an 88% jump in business accounts, 67% in private client subscriptions, and 260% in inheritance service clientele during this timeframe. This growth followed the 2022 crypto market contagion, during which now-bankrupt lenders lost over $5 billion in customer funds and BTC dropped over 65%. It demonstrates the confidence investors have in both Unchained’s platform and bitcoin as an asset. “Unchained is committed to providing the ease and sophistication of traditional financial services without compromising the financial sovereignty that bitcoin enables,” said Joe Kelly, co-founder and CEO of Unchained. “Our clients choose Unchained because our collaborative custody technology gives them the greatest possible control and transparency over their funds. The collapse of our former competitors that operated as third-party custodians, albeit unfortunate, proved to be effectual marketing for Unchained.” Unchained’s collaborative custody model, which requires two of three private keys to access a client’s bitcoin even when it is used as loan collateral, assures investors that Unchained is not able to singularly move or rehypothecate their funds, as many now-defunct crypto firms did prior to their collapse. With a 170% increase in loan activity from Q1 to Q2, Unchained’s multisignature solution has proven to appease borrower caution amidst market pullback. Further, while the percentage of bitcoin held on exchanges has dropped to a five-year low of 12% during the first half of 20231, Unchained saw 88% growth in business accounts during this time — indicating that institutions and corporate bitcoin holders are increasingly seeking to minimize counterparty risk. This is further underscored by the immediate popularity of Unchained Signature, the firm’s private client service for high-net-worth individuals, institutions, and corporations. Institutional sales jumped by 67% in Q2 vs Q1. About Unchained Founded in 2016, Unchained is a top 10 bitcoin platform by assets secured and has helped thousands of individuals and businesses truly own their wealth by holding bitcoin keys. Unchained’s collaborative custody model allows clients to access financial services while continuing to have the benefits of self-custody, the ultimate consumer protection in these uncertain times. For more information on Unchained, please visit www.unchained.com. 1. Glassnode Contacts Larissa Bundziak Unchained (914) 552-7427 [email protected] Unchained.com twitter.com/unchainedcom

Ethereum layer 2 network Optimism (OP) has maintained its market recovery in the last few days, recording a 5.57% gain over the last 24 hours, based on data from CoinMarketCap. Since hitting the $1.31 price mark, Optimism has embarked on an upward curve, looking set to return to the high price levels seen at the start of August. Optimism Major Investors Boost Holdings By 300% In The Last Year Among many positives for Optimism, the on-chain analytics firm, Santiment has also revealed another significant development for the altcoin in terms of investors’ interest. Related Reading: Optimism (OP) Rides The Wave Of Today’s Crypto Surge With 15% Rally According to a report by Santiment on August 21, whale and shark addresses on Optimism holding between 100,000-10,000,000 OP have consistently increased their amount of holdings over the last 12 months. The analytics team reported that these investors currently hold 505.91 million OP worth around $781.9 million. Remarkably, this stake constitutes a significant 69.6% of Optimism’s total market shares. In addition to this investment growth, Santiment also noted that Optimism recorded 22,900 active addresses on Monday, its fifth-highest value of their metric in 2023. Behind the Growing OP Accumulation Trend In line with Santiment’s report on the increasing OP accumulation by Optimism major investors, Spot On Chain, another blockchain analytics platform, has recently provided a deeper insight into this trend. According to a blog post by Spot On Chain, address 0x011, which they suspect belongs to popular venture capital firm Amber Group, has purchased 3.73 million OP – valued at $5.71 million – from Binance in the last 24 hours. The analytics team states that this particular address has accumulated 8.14 million OP, valued at $12.7 million over the last 19 days. Interestingly, Spot On Chain proposes that the reason behind OP’s recent accumulation could be the upcoming Ethereum Cancun/Deneb upgrade. Related Reading: Altcoin Season In Limbo As Bitcoin Dominance Bounces Off Key Support In June, Christine Kim, vice president of Galaxy Digital’s research team, stated that this impending Ethereum network upgrade – slated for the second half of 2023 – could boost the network capacity of layer two solutions such as Arbitrum and Optimism by 100-fold. At the time of writing, Optimism is trading at $1.56, with a 0.29% decline in the last hour. Albeit, the token’s trading volume is up 54.83% in the last 24 hours and is valued at $137.08 million.

There may be a connection to the Shibarium validator. Similar SHIB transfers and purchases to “0x95B5” have been seen for over a month. On Tuesday, whale monitoring service Whale Alert revealed that a whale had transferred 4.6 trillion SHIB tokens worth around $38.35M from an unknown wallet to another unknown wallet. After lead developer Shytoshi Kusama launched the long-awaited L2 Shibarium mainnet last week, the chain saw an enormous load and entered fail-safe mode. After two days of testing and fine-tuning settings, Shibarium is almost ready to reopen to the public, as revealed by Shytoshi Kusama today. It has been upgraded with a new monitoring system and other fail-safe mechanisms, such as rate limitation on the RPC level and an automatic server reset. Connection to Shibarium Validator Furthermore, new validators are coming online on the network, boosting security and opening the door for greater BONE token staking. According to an examination of recent Etherscan transactions, almost 4.6 trillion SHIB tokens have recently been transferred between accounts that are either connected or conducted by the same person. Similar SHIB transfers and purchases to “0x95B5” have been seen for over a month. There may also be a connection to the Shibarium validator if the transaction involves a token for the mainnet validator. A minimum of 10,000 BONE tokens must be locked in order for a user to qualify as a validator. As the Shiba Inu development team continues to test and analyze the Shibarium chain, the price of Shiba Inu and Bone ShibaSwap fluctuates widely. At the time of writing SHIB is trading at $0.000007919 and is down 0.42% in the last 24 hours as per data from CMC. Highlighted Crypto News Today: Hedera Shines With Updates & Partnerships Amidst Market Downturn

The city officials asked crypto exchanges to investigate the holdings of 8,520 individuals. The local government claims that crypto is being used more often to hide wealth. It has been announced that crypto belonging to tax evaders would be confiscated in the city of Cheongju, the capital of North Chungcheong province, South Korea. Local news outlet Yonhap reported on August 22 that the Cheongju authority has asked seven cryptocurrency exchanges in South Korea to investigate the assets of thousands of tax evaders. Upbit and Bithumb, two cryptocurrency exchanges, have allegedly been asked by city officials to investigate the holdings of 8,520 individuals who are at least 1 million won ($750) behind on their city taxes. Authorities in Cheongju are reportedly planning to seize cryptocurrencies belonging to tax evaders when an investigation into the practice concludes. Fair Share of Taxes Moreover, the local government claims that cryptocurrency is being used more often to hide wealth in South Korea. The purpose of this new strategy is to bring those South Korean citizens who have avoided paying their fair share of taxes to justice. After collecting information on the cryptocurrency holdings of around 16,000 crypto investors in 2022, the Cheongju government allegedly recovered back taxes from 17 people. The city received 68,000,000 won, or around $51,000. In recent years, the South Korean government has seized more digital currencies for tax purposes. These confiscations occurred shortly after the South Korean government passed legislation in 2021 empowering tax authorities to confiscate cryptocurrencies held by tax evaders. Cryptocurrency belonging to tax evaders is seized in more than just South Korea. More than a thousand crypto wallets belonging to Argentine tax evaders were confiscated by tax authorities in 2022. Highlighted Crypto News Today: Nomura’s Crypto Joint Venture Receives Full Operating License in Dubai