Selected Unaudited Financial Highlights for Q2 FY 2023 Total Revenue of $10.6 Million Self-Mining revenue of $4.9 Million and Hosting revenue of $4.6 Million Self-mined Bitcoin revenue increased 78% Q/Q and Self-mined Bitcoin Increased 50% Q/Q to 182 BTC SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital infrastructure company, today announced its unaudited financial results and highlights for the second quarter ending June 30, 2023. Rahul Mewawalla, CEO and President of Mawson, said, “We were pleased to increase self-mined BTC revenue by 78% and number of self-mined BTC by 50% in Q2 2023 over the prior quarter as we continued a focus on driving execution and enhancing our operations across our sites. Mawson is strategically aligned to optimize its capabilities and resources across self-mining, hosting, and energy markets program participation in the PJM energy markets, with the goal of enhancing overall stakeholder value.” Q2 2023 Financial and Business Highlights Total Revenue increased 38% Q/Q to $10.6 million Self-Mined BTC revenue increased 78% Q/Q to $4.9 million Increased online power at Midland PA site by 76% sequentially to 88 MW from 50 MW Total installed1 self-miners increased approximately to 16,350 across sites Exited Q2 2023 with 96 MW of online power able to support approximately 27,636 miners Announced new 8 MW (expandable to 24 MW) site in Bellefonte, PA Added to the Russell Microcap® Index BTC Hosting and Co-location Services Update On July 25, 2023, Mawson issued a press release inviting outside parties to provide Indications of Interest (IOI) for the Company’s hosting and digital infrastructure services that include BTC (Bitcoin) miner hosting, HPC (High Performance Computing) co-location, and other potential partnerships utilizing its digital infrastructure and hosting facilities. The Company indicated that the Co-Location contract with Celsius Mining LLC will expire in accordance with its terms on August 23, 2023. Discussions with Celsius Mining LLC are ongoing. Mawson has received active interest from a number of parties related to hosting and digital infrastructure services. 2023 Strategic Focus 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. Second Quarter 2023 GAAP Financial Results Revenue for the second quarter 2023, ended June 30, 2023, increased 38% sequentially to $10.6 million and decreased 47% over the same quarter last year. The sequential increase was the result of the continued ramp of Mawson’s self-mining capacity at its Pennsylvania sites. The prior year period decline resulted from the sale of the Company’s Georgia facility in October 2022. Cost of revenue in the second quarter of 2023 increased 50% sequentially to $7.0 million, from $4.7 million and decreased 51% over the prior year period. Higher power costs associated with the ramp of self-mining capacity, and lower power and facility costs from the sale of the Georgia facility led the changes, respectively. Gross profit increased 18% sequentially to $3.5 million or 33% of revenue and decreased 35% from $5.4 million from the same quarter last year. SG&A expense for the second quarter of 2023 increased sequentially to $6.3 million from $5.0 million due to higher facility and expenses and decreased from $9.4 million compared to the same quarter last year. In the second quarter 2023, Mawson incurred a net loss of $17.6 million compared to $11.4 million in the prior period and $2.4 million for the same quarter last year. About Mawson Infrastructure Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider 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 data center solutions, enabling efficient Bitcoin production and on-demand deployment of digital 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: www.mawsoninc.com 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 Reports 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 “Installed” may include miners that are deployed in Mawson’s datacenters but may not be online or hashing 100% of the time. Contacts Investor Contact: Sandy Harrison Chief Financial Officer [email protected]

Volatility is back for the Bitcoin price and the crypto market, but it currently favors the bears as value tumbles in the past few days. The nascent sector was moving sideways, but a liquidation cascade forced prices into critical support levels, but the worse might yet come if BTC fulfills a prophecy. As of this writing, the Bitcoin price trades at $26,100 with sideways movement in the last 24 hours. Over the past week, the price of BTC corrected back to $26,000 after its lost support at the high of its current levels. Is The Worst Yet To Come For The Bitcoin Price? Bloomberg Intelligence’s Senior Commodity Analyst Mike McGlone shared an analysis on social media platform X. Therein, the analyst classified Bitcoin as one of the “best-performing assets in history,” the cryptocurrency rose from $100 to around $70,000 in less than ten years. At the same time, McGlone pointed out the similarities between the Bitcoin price chart and the 1930s stock market chart. During this period, the US economy went through one of its worse history leading to a series of economic reforms. Comparing both sectors, McGlone forecasted a potential drop in the Bitcoin price once the US Federal Reserve (Fed) turns its monetary policy around. As seen in the chart below, the financial institution has raised interest rates to slow down inflation. As a result, BTC’s price has declined as liquidity leaves financial markets and uncertainty increases. Unlike popular belief, the Bloomberg Intelligence analyst expects the cryptocurrency to dip further if the Fed loses its monetary policy. McGlone explained: The analyst above focuses on the increasing potential benefits for investors getting out of BTC and into government-based financial instruments, such as US Treasury notes which are currently yielding 5%. As long as this environment continues, BTC shows “mostly downward biases,” as the analyst concluded. On short timeframes, the price of BTC continues to trade sideways, licking its wounds from last week’s liquidation cascades. The last time the cryptocurrency experienced a similar price action was in late 2022, and it took several weeks of sideways price action before a recovery was possible. Cover image from Unsplash, chart from Tradingview

Recur had started out on a grand push with Hello Kitty and Friends last July. The firm would be gradually removing essential functionalities from its platform. Last week, the NFT firm Recur announced that its Web3 platform is shutting down, having succumbed to the crypto winter despite hosting the IP of numerous major names, like Hello Kitty and Nickelodeon. Recur said in a blog post that it would be gradually removing essential functionalities from its platform over the following several months. That includes buying and selling collectibles on Recur-hosted marketplaces, and withdrawing NFTs from Recur. NFT Market Struggle Continues Recent challenges in the NFT industry, as firms deal with a decline in the appeal of digital collectibles, are reflected in Recur’s move. After starting out on a grand push with Hello Kitty and Friends last July, Recur has been forced to take these steps. Moreover, in the same July, Recur reported enormous demand for their TV Packs, which included profile-picture NFTs of Nickelodeon characters. However, now Recur announced that beginning in November, pack openings would be inaccessible. In 2021, Recur was established with the intention of providing other companies with Web3 “building blocks.” According to the website, the platform may be used to create digital collectibles, loyalty programs, and in-game assets that make use of NFTs. Nifty, a social network turned platform for Web3 creators, has recently announced its closure, and now Recur has followed suit. Over 380,000 NFTs have been minted via Recur, and the company has announced plans to make adjustments to assure the presence of these digital assets. Highlighted Crypto News Today: Binance Collaborates With Hungarian Football Club to Boost Engagement via NFTs

XRP experienced a weekend recovery from its dip below $0.44, with Santiment highlighting its bounce amid broader crypto market corrections. The altcoin faces a significant test at the $0.558 resistance level while aiming to challenge subsequent price barriers. Maintaining the rebound involves overcoming technical challenges amidst its journey towards 2022 highs. XRP saw some recovery over the weekend after dropping to lows below $0.44 on August 17th. The altcoin closed back in the green on multiple days, prompting analysis firm Santiment to note XRP’s rebound along with other altcoins following last week’s broad crypto sell-off. Santiment suggested the bounce could continue this week as on-chain metrics show traders are still significantly down from local highs. However, XRP faces a key test at the $0.558 resistance level that rejected gains in mid-June. Flipping $0.558 to support could extend XRP’s nascent recovery. But the path forward still poses challenges. The daily moving average around $0.63 marks another potential hurdle before XRP can challenge the $0.66 and $0.72 levels. If selling pressure resumes, the 200-day MA at $0.50 remains an intermediate support level to monitor. At the time of writing, XRP had pared weekend gains and traded down 3% over the past 24 hours around $0.526. The token dropped 16% over the past week as broader crypto markets corrected. Sustaining its rebound will require overcoming multiple technical barriers on the way back toward XRP’s 2022 highs.

Bitcoin is forming a pattern that has historically led to the asset retesting a specific line. At present, this level would be found at $20,500. Bitcoin Has Dropped Below The 200-Day SMA With The Recent Crash A few days back, Bitcoin observed a sharp crash that took the cryptocurrency’s price toward the $26,000 mark. As this plummet was already significant, many have wondered whether this was it or if the drawdown will continue. An analyst on X, Ali, shared a chart that may provide hints about where the asset could be heading next. The analyst has attached the data for two Bitcoin-related metrics in the graph: the 200-day simple moving average (SMA) and the realized price. The chart shows that the BTC price has dropped below the 200-day SMA (colored in purple) with the latest crash. According to the analyst, when the cryptocurrency’s price has crossed below this level during the past ten years, it has often retested the realized price (colored in orange). The “realized price” here refers to the cost basis or the buying price of the average investor in the BTC market. This means that whenever the cryptocurrency dips below this level, the average holder enters a state of loss. On the other hand, breaks above the line imply a return to profits for most of the market. Historically, this metric has had some interesting interactions with the spot price of the coin. During bullish periods, the line has generally supported the asset, while during bearish periods, it has acted as resistance. The explanation behind these curious interactions may lie in how the investors’ minds work in each period. In bull markets, the average investor may think that the price will only go up, so whenever the asset drops to its buying price, they accumulate more of the asset. Similarly, in bearish trends, the holders may believe the cryptocurrency will only go down, so the price they bought in (their break-even mark) would be the ideal exit opportunity. This buying and selling may cause the level to act as support and resistance in the respective regimes. The latest example of this behavior was seen earlier in the year when Bitcoin rebounded off the line back in March. As the asset now appears to have broken below the 200-day SMA, it may be heading towards a retest, as has often happened many times in the past. Right now, the cost basis of the average investor is $20,500, which means that if BTC is going to touch this line again, a significant drawdown would need to occur. If this scenario indeed plays out, then it’s possible that Bitcoin could find a rebound at the realized price once again. A retest failure, however, would be a very concerning sign, as it might signal the return of the bear market. BTC Price At the time of writing, Bitcoin is trading around $26,000, down 11% in the last week.

Gemini, an American cryptocurrency exchange, has taken a stand against the United States Securities and Exchange Commission (SEC), deeming the lawsuit brought forth by the regulator as “absurd.” Gemini Pushes Back Against SEC Lawsuit In the ongoing legal battle between Gemini Exchange and the US SEC, co-founders Cameron Winklevoss and Tyler Winklevoss have contested the validity of the SEC’s case by submitting a comprehensive brief to oppose the SEC’s claims on the Gemini Earn program. In the filing, Gemini stated that the SEC had failed to establish a clear definition of what the regulatory body regards as securities. The exchange also highlighted the absence of well-defined requirements for violating regulatory laws. As a result, the lack of specification in the SEC’s argument hampers the exchange’s ability to respond properly to the allegations put forward. In the Judicial presentation, the exchange urged the court to ignore the “convoluted analysis” provided by the SEC. The exchange has instead advocated for direct questions which would determine if the cryptocurrency in question qualifies as a security. Gemini has also stated that the SEC should provide an identification of the unregistered security and information on the specific sale, highlighting that treating all cryptocurrencies as unregistered security is prejudiced. The company’s lawyer, Jack Baughman also publicly refuted the SEC’s claims in a Twitter post, saying: Background On The SEC Lawsuit Earlier this year, on January 13, the US SEC filed a lawsuit against Gemini and Genesis, a crypto lender affiliated with Gemini Trust Company. According to the SEC, Genesis loaned the exchange’s users unregistered securities through the Gemini Earn program, allowing the exchange and Genesis to accumulate billions of dollars worth of crypto assets from thousands of investors. At the beginning of February 2021, Genesis and Gemini initiated a partnership that would offer the Gemini Earn program to retail investors allowing them to loan their crypto assets to Genesis, while the exchange acts as a middleman. Genesis would then invest the crypto assets, and pay users in interest. The SEC alleged that the company, alongside Genesis, violated federal laws via the Gemini Earn program by not registering its offerings and sales with the Commission. The lawsuit was received with an unfavorable response from the exchange’s legal team, which resulted in the dismissal motion submitted on August 18.

Beginning in September 2023, new BitGet users will be required to undergo level 1 KYC. Users who join the platform before September 1st will have until October 1st, 2023. Bitget is revising its KYC procedures for customers to conform to international regulatory standards. The exchange claims that additional KYC procedures are being implemented to safeguard customers’ interests. Also, foster a safe ecosystem for the trading of cryptocurrencies, and meet the criteria of regulatory bodies throughout the world. Beginning in September 2023, new BitGet users will be required to undergo level 1 KYC verification in order to get access to a wide range of BitGet services, such as cryptocurrency deposits and trading. International Standard Compliance Users who join the platform before September 1st will have until October 1st, 2023 to complete KYC verification. Users who have not yet verified their accounts via the derivatives exchange may still make deposits, withdrawals, and trade till the end of September. Moreover, users who have not completed KYC verification will not be allowed to place new trading orders beginning in October. Instead, they will only be able to withdraw funds, cancel orders, redeem subscriptions, and close positions. As with the vast majority of conventional banks and regulated businesses. Bitget said that it will use KYC processes to verify the identity of its clients for risk assessment reasons. To comply with international Anti-Money Laundering (AML) legislation, KuCoin implemented comparable procedures in July 2023, including requiring identification verification for all new users. Users of KuCoin must verify their identities using a face recognition procedure in addition to providing their names, ID numbers, and ID photos. Amid rising scrutiny from authorities across the globe, crypto exchanges are taking a cautious approach. Highlighted Crypto News Today: Puppynet Hits New Highs as Shibarium Team Focuses on Scaling

Ethereum co-founder Vitalik Buterin transferred 600 ETH, valued at around $1 million, to Coinbase. Ethereum experienced a significant decline of over 9.5% in the past week. In a surprising turn of events amidst last week’s unpleasant cryptocurrency market, Ethereum’s Co Founder Vitalik Buterin reportedly transferred 600 ETH to Coinbase, one of the leading cryptocurrency exchanges of the world). The move occurred after a sudden drop in the values of major cryptocurrencies, including Bitcoin (BTC) and altcoins, on August 18. During the market downturn, Bitcoin saw its price plummet to $25,409, while Ethereum experienced a considerable decline to $1,597. In this period of market instability, the cryptocurrency community observed the transfer of 600 ETH by Vitalik Buterin to Coinbase. According to the data, the value of the transferred ETH is estimated to be around $1 million. In a separate development, Buterin made a repayment of 251K $RAI on Sunday, while also withdrawing the equivalent of $1.6 million worth of Ether. This activity was confirmed by on-chain tracker, lookonchain. RAI may be used as collateral for other DeFi protocols since it is more “stable” than ETH or BTC, and it also has an interest rate incorporated in it. While the exact reason for 600 ETH transfer remains unknown, speculation rises that Buterin may have taken the step with the intention of selling the ETH. Ethereum (ETH) Price Chart (Source: CoinMarketCap) Ethereum (ETH) managed to recoup some of its losses and traded in positive territory at $1,700 range. At the time of writing, Ethereum traded at $1,670 with a 24 hour trading volume of $4.4 billion. Still the largest altcoin is down by 9.5% in the past week. Why did Vitalik Transfer 600 ETH to Coinbase? Tweet us @The_NewsCrypto and let us know your thoughts. Recommended for you Ethereum (ETH) Price Prediction 2023

Dogecoin Lead Developer, Mishaboar has expressed his doubts about a possible move to a Proof of Stake (PoS) blockchain consensus. The developer has stated that the transition to a POS mechanism is not a “sensible approach” and has highlighted several issues that could develop from the change. Mishaboar Objects To PoS Transition Mishaboar took to social media on August 20, to express his concerns about the potential impacts a PoS transformation could have on Dogecoin’s network and decentralized nature. In a recent Twitter post, he staunchly refuted the transition and stated that if the conversion pulls through, he may leave Dogecoin for another cryptocurrency network with a PoW consensus. “If this refers to a remote possibility of Doge ever switching to PoS, after what I have seen over the past 2 years, I would probably then move to another PoW crypto and customize the logo in my wallet to have a dog in it,” Mishaboar commented in a Twitter post. Mishaboar has highlighted the possibilities of power imbalances that could result from a PoS switch since a significant amount of a cryptocurrency’s supply is controlled by exchanges. He stated that the change to a PoS consensus could increase the control and influence of exchanges over a network. The developer also pointed out that Dogecoin may face increased regulatory challenges with the transition. Furthermore, Mishaboar explained that cryptocurrencies that have transitioned to a PoS consensus have been overhyped, with most falling short of expectations and failing considerably or becoming so centralized that it contradicts the foundational structure of cryptocurrencies which is in its decentralized system. Mishaboar concludes that transitioning into a PoS consensus does not align with Dogecoin’s futuristic goals and objectives. He mentioned that the benefits of a PoS consensus which is fast transactions can easily be achieved in the Dogecoin network with other solutions like integration of multiple payment channels. PoS Versus PoW Consensus For Dogecoin Ecosystem The broader cryptocurrency community is presently at loggerheads on the merits of a PoS and PoW consensus and Mishaboar’s rejection of a possible Dogecoin transition has sparked debates about the future of Dogecoin cryptocurrency among crypto enthusiasts. Proof of Work (PoW) and Proof of Stake (POS) are two distinct blockchain consensus mechanisms used to validate transactions and improve the general performance of a blockchain network. And these two consensuses have their different advantages and disadvantages. The advantages of a PoS are seen in its energy conservation and fast transactions. In contrast, a PoW consensus is considered more secure and more decentralized but is energy-intensive. Some crypto investors argue that a PoS consensus would offer greater energy utilization and scalability. Whereas, others have sided with Mishaboar, strongly refuting the idea of centralization and security risks that follow a PoS transition. Mishaboar has been a prominent part of Dogecoin’s development, yet recent statements made by the enigmatic figure have led to speculations about the impact his rejection of Dogecoin’s possible PoS consensus could have on the project’s direction and development.

Shibarium Puppynet testnet achieves over 32 million transactions, post-pause, ahead of the mainnet launch, with high daily activity. Despite momentum, the SHIB burn rate decreased by 57% over the past day, as 70 million SHIB head to dead wallets, impacting recent price trends. Disappointment over the Shibarium mainnet rollout contributed to a 23% drop in SHIB prices, amid significant community engagement in burning activities. The Shibarium testnet, Puppynet, continues setting records for usage and transactions even as work progresses on the mainnet launch. Puppynet recently exceeded 32 million total transactions after activity resumed following a brief pause before the Shibarium mainnet rollout at the recent Toronto blockchain conference. Transaction levels quickly climbed back up from around 153k to over 170k daily following the restart on August 16. Over 2.1 million blocks have now been produced on the testnet as well. However, the number of connected wallets has dropped from over 17 million to 10 million. SHIB Burn Rate Dips After Initial Mainnet Hype While Puppynet maintains momentum, the burn rate for SHIB has slowed over the past day. A total of 70 million SHIB were sent to dead wallets in the last 24 hours, down 57% from the amount burned on Sunday. The two largest single burns were around 22 million and 7 million SHIB. This dedicated community activity comes as SHIB prices dropped 23% in recent days amid some disappointment over the initial Shibarium mainnet rollout.

On-chain data shows the XRP whales have been sharply accumulating recently, something that can help the price recover. XRP Whales Have Continued To Expand Their Holdings Recently According to data from the on-chain analytics firm Santiment, the largest of the XRP investors have been buying in recent days. The relevant indicator here is the “Supply Distribution,” which tells us about the total amount of the asset that each holder group in the market is carrying in their combined wallets right now. The addresses or investors are divided into these groups based on the total number of coins that they are currently holding. The 10-100 coins cohort, for instance, includes all holders who own at least 10 and at most 100 XRP. In the context of the current discussion, two such groups are of interest: 10 million to 100 million coins and 100 million to 1 billion coins. The combined range of these groups has a lower bound of $5.22 million at the current exchange rate, while the upper bound converts to $522 million. This means that the members of both these groups are the whale entities, with the latter cohort naturally carrying the largest of holders even among these humongous investors. Now, here is a chart that shows the trend in the XRP Supply Distribution for both of these whale groups over the last few months: As displayed in the above graph, the XRP Supply Distribution for the smaller of the two cohorts (that is, the 10 million to 100 million coins group) has been rising for a while now. This means that these whales have only continued to buy more as the asset’s price has observed an extended drawdown. This behavior hasn’t changed with the latest sharp plunge in the cryptocurrency, either, as the metric has now risen toward the 5.1 billion mark. The largest of whales (100 million coins to 1 billion coins), on the other hand, started to actively dump their coins not too long after the coin hit its top in July. They continued their selling until the recent crash, but following it, they have changed their tune and have participated in some pretty significant accumulation. This is naturally a positive sign for the cryptocurrency, as it means that these humongous whales believe that the current lows should prove to be a profitable buying point. With this accumulation spree, this cohort as a whole now holds an 11 billion tokens stack. This means that these two whale cohorts combined now carry around 16.1 billion coins of the asset, worth around $8.4 billion. It’s uncertain whether XRP would recover anytime soon, but the buying from the whales is at least a sign that these humongous entities would be supportive of such a move if it happens. XRP Price At the time of writing, XRP is trading around $0.52, down 17% in the last week.

On August 18, a solo miner managed to solve block 803,821, securing a remarkable 6.25 Bitcoin block reward valued at $160,000. This is a very rare event as lone miners have a lower chance of mining a block due to the increase in mining difficulty and this solo miner became the 277th solo miner in bitcoin’s history to achieve this. Solo Bitcoin Miner Makes History The solo miner was able to pull off this remarkable achievement using the Solo CKpool mining service. The miner identified with the tag bc1q2za4ejga366sn288273pty8trasn5zs4y9hqg6 used an S17 Bitcoin Miner with a hash power of roughly 1 PetaHash which is way lesser than most BTC mining entities, as was speculated by Con Kolivas, the administrator of Solo CKpool. Perhaps the most interesting thing about this development is that the miner achieved this remarkable reward when mining difficulty was almost at an all-time high of 52.39. Normally, mining Bitcoin with just 1 PetaHash seems impossible compared to other BTC solo miners that were able to pull this off in the past who had hash rate capacity in exa-hashes. It is almost impossible for a solo miner to solve an entire block on their own, due to the increased popularity of BTC mining and the persistent rise in the network hash rate and powerful mining equipment. BTC miners are required to input computational power to solve and add the next Bitcoin block to the network, which creates a valid block hash while using the computational power of multiple mining rigs. However, since the miner was using the Solo CKpool, it allows miners with outdated or inefficient equipment to pool their mining power together, increasing their chances of solving a block, which is what happened here. In their case, this miner was able to retain 98% of the reward. The miner now joins two other solo miners who have been able to achieve this impressive feat in March and June this year using a Solo CKpool and is the third time this is happening so far in 2023. Rise In Hashrate Triggers Surge In Mining Difficulty Over the last few months, the Bitcoin hashrate has been rising rapidly, eventually hitting an all-time high in July. In response to this, the mining difficulty surged quickly and touched its own ATH in the same month. By July 8, the Bitcoin mining hashrate was at 538.05 EH/s and difficulty surged to 53.9112T a few days later on July 12. However, since then, it has tapered off with hashrate dropping 26% to 424.76 EH/s and difficulty dropping around 3% to 52.39T. Nevertheless, both the Bitcoin hashrate and difficulty are significantly higher compared to the start of 2023, which makes the solo miner’s achievement even more impressive. However, as hashrate and difficulty continue to rise, such occurrences are expected to be fewer as miners with large hashrates dominate the market. In the end, the winner is the Bitcoin network which becomes stronger for it with the increased hashrate. It is also beneficial to BTC investors as a rise in hashrate suggests there is more interest in the digital asset and this can convert to higher prices for the cryptocurrency.

In a complex tangle of smart contracts, governance proposals, and fluctuating crypto prices, the financial health rate of the infamous Binance BNB Bridge exploiter address (0x48…9bec) has fallen below the critical value of 1, hovering at 0.99. This development is of particular interest, given that the address holds a significant collateral of 784,616.10 BNB and a debt position in the form of USDT and USDC totaling $124 million. The plummeting health rate comes amidst the fall of Binance Coin (BNB) to $207.9, well below the pre-determined liquidation price of $210.80, leading to increased speculation about potential liquidation scenarios. As per a tweet from blockchain security firm PeckShield: “The health rate of the BNB Bridge Exploiter on Venus is 0.99. BNB has dropped to $207.9. The Venus community has passed a governance proposal to whitelist liquidation of the BNB Bridge exploiter’s position before.” Liquidation Contingency: The Binance Plan He Yi, the co-founder of Binance, alleviated some concerns stating, “The BNB collateral of Venus is covered by Binance. When the price of BNB falls, Binance will liquidate it in time. These BNB will not affect the secondary market price, and Binance will be responsible for burning these additional BNB.” Nevertheless, the crypto community and analysts alike are closely following the situation, speculating on whether Binance CEO Changpeng Zhao, commonly known as CZ, intends to execute the liquidation to remove the illegitimate BNB from the ecosystem. Renowned analyst Skew remarked regarding the currently ongoing price movements: “”BNB Shorts going at it again + -24% APR (24hr). BNB Aggregate CVDs show takers are net sellers on the day so far. BNB Binance Spot: Quite a lot of spot bids below down to $200, so there will need to be a frenzy of spot selling in order to cause price dislocation or a crash. Large limit buyer has been trying to absorb the sell pressure.” Crypto influencer MartyParty brought this hypothesis into the limelight, stating, “Is CZ trying to liquidate the Venus loan to burn the 900k illegal BNB? Based on the Venus protocol documentation, the loan would have to be liquidated to burn the illegal BNB. That is the only way to remove it from the ecosystem.” This liquidity and governance issue comes after an “exploiter” illegally minted 2 million $BNB through a vulnerability in BNB Bridge, which has since been repaired. Of this illegally minted BNB, 900,000 BNB was used as collateral on Venus Protocol to obtain a loan exceeding $150 million in stablecoins, which was then dispersed across multiple blockchains. On June 12, 2023, a potential liquidation was averted when Binance stepped in to add $30 million in USDT margin, bringing the liquidation price down to $212. Again on August 17, another liquidation was sidestepped, pulling the liquidation threshold down to $210.80 and consequently the health rate to 1.02. In an earlier reaction to MartyParty’s query, CZ seemed unfazed: “Took me a while to understand (IF I even vaguely understand now). So, Marty is worried about a $30-120m worth re-buy of #BNB? Maybe he should check the last BNB burn? or the #SAFU insurance fund size?” He also commented on the volatility of BNB, adding, “And where did the $212 magic number come from? #BNB price is determined by the market. A $30m re-buy is less than 4% of a single day’s volume.” As of this writing, the market is still uncertain, waiting for further signals from CZ, who hasn’t commented on the latest developments. Meanwhile, Arkham Intelligence’s dashboard remains a focal point for real-time updates on the loan status and the health rate of the exploiter’s account. At press time, no liquidation took place yet. At press time, the BNB price was at $210.5.

Avalanche will unlock the 9.54 million tokens on August 26. 53% of AVAX’s total supply has already been unlocked. Avalanche (AVAX), a smart contract blockchain platform, is all set to make a significant move in the crypto market. The Avalanche blockchain’s native token, AVAX, is scheduled for its next token unlock this week, which will increase the supply of tokens available in the market. Token Unlocks, the token analytics dashboard, has revealed that Avalanche will unlock the 9.54 million tokens on August 26 this week. The unlock accounts for 2.77% of the total supply, and the tokens are worth $103 million at the time of writing. The unlock includes 2.25 million AVAX tokens for strategic partners, 1.67 million for foundations, 4.5 million for teams, and 1.13 million for airdrops. Token Unlocks refer to the release of a certain amount of assets that previously locked or restricted from the circulating supply in the crypto market. During this time, the tokens will not able to traded or liquidated. It can significantly impact market liquidity. The restriction on tokens marks a significant stage for Avalanche’s development and ecosystem expansion, as the token release will play an important role in advancing the platform’s growth and innovation. Avalanche (AVAX) Made a Similar Unlock According to the Token Unlocks, Avalanche previously made a similar unlock of 9.54 million AVAX on May 28. The unlock accounts for 2.77% of the total supply, and the tokens are worth $103 million. As of now, 53% of AVAX tokens unlocked, and there 340.20 million tokens yet to released. At the time of writing, Avalanche has been trading at $10.63, with a decline of over 1.66% in the last 24 hours. However, the daily trading volume of AVAX has experienced an increase of 13.72%, according to CoinMarketCap. Moreover, the upcoming unlock expected to reflect on the trading price as the huge number of tokens adds to the circulating supply. Will this massive unlock have an impact on AVAX’s trading price? Tweet to us at @The_NewsCrypto and let us know your thoughts.

Remote-First-Company/SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced the early tender results of its previously announced offer to purchase for cash (the “Tender Offer”) up to $150.0 million in aggregate purchase price (the “Maximum Tender Amount”), excluding accrued and unpaid interest, of its 3.625% Senior Notes due 2031 (the “Notes”). The Company also announced that it has amended the terms of the Tender Offer to increase each of the Total Consideration and the Tender Consideration (as each term is defined in the Company’s offer to purchase, dated August 7, 2023 (the “Offer to Purchase”)) per $1,000 principal amount of Notes tendered and accepted for purchase pursuant to the Offer to Purchase to $675.00 (the “Amended Consideration”), which increase applies to all Notes that have been, or will be, tendered (and not validly withdrawn) and accepted for purchase (and, accordingly, to eliminate the Early Tender Premium (as defined in the Offer to Purchase)). Certain information regarding the Notes and the Tender Offer, including (i) the Amended Consideration and (ii) the aggregate principal amount of Notes that was validly tendered as of 5:00 p.m., New York City time, on August 18, 2023 (the “Early Tender Time”), according to Global Bondholder Services Corporation, the tender and information agent for the Tender Offer (the “Tender and Information Agent”), is set forth in the table below: Issuer Title of Security CUSIP Number/ ISIN (1) Aggregate Principal Amount Outstanding (2) Aggregate Principal Amount Tendered (2) Aggregate Principal Amount Expected to be Accepted for Purchase (3) Aggregate Amount to be Paid (4) Amended Consideration (5) Coinbase Global, Inc. 3.625% Senior Notes Due 2031 144A CUSIP/ISIN: 19260Q AD9 / US19260QAD97 Regulation S CUSIP/ISIN: U19328 AB6 / USU19328AB62 $1,000,000,000 $50,034,000 $50,034,000 $34,483,329 $675.00 (1) CUSIP information is provided for the convenience of Holders (as defined below). No representation is made as to the correctness or accuracy of such numbers. (2) As of the Early Tender Time. (3) Subject to satisfaction or waiver of the conditions set forth in the Offer to Purchase (as defined below), the Company anticipates that Notes tendered as of the Early Tender Time will be accepted for purchase in accordance with the terms of the Tender Offer, as amended, on August 22, 2023 (the “Early Settlement Date”). However, there can be no assurance that the conditions set forth in the Offer to Purchase will be satisfied or waived. (4) With respect to Notes accepted for purchase on the Early Settlement Date and inclusive of accrued and unpaid interest. (5) Per $1,000 principal amount of Notes validly tendered and accepted. Withdrawal rights for the Tender Offer expired at 5:00 p.m., New York City time, on August 18, 2023. The Tender Offer will expire at 11:59 p.m., New York City time, on September 1, 2023 (such date, as may be extended, the “Expiration Time”). Holders of Notes (“Holders”) who validly tendered and did not validly withdraw their Notes at or prior to the Early Tender Time are eligible to receive the Amended Consideration for the Notes accepted for purchase. Holders of Notes will also receive accrued and unpaid interest on their Notes validly tendered and accepted for purchase from the most recent interest payment date for the Notes up to, but not including, the Early Settlement Date. The Company expects to pay for the Notes that were validly tendered at or prior to the Early Tender Time and that are accepted for purchase on the Early Settlement Date. No further action is required to be taken by Holders who have already validly tendered and not validly withdrawn their Notes in order to receive the Amended Consideration, plus accrued and unpaid interest, on the Early Settlement Date. The amount of Notes that may be purchased in the Tender Offer is subject to the Maximum Tender Amount. Subject to the remaining capacity under the Maximum Tender Amount, and proration if applicable, Holders who validly tender Notes after the Early Tender Time but prior to or at the Expiration Time, and whose Notes are accepted for purchase, will be eligible to receive the Amended Consideration, plus accrued and unpaid interest. No tenders will be valid if submitted after the Expiration Time. Payment for the Notes that are validly tendered prior to or at the Expiration Time and that are accepted for purchase will be made on a date promptly following the Expiration Time, which is currently anticipated to be September 6, 2023, the second business day after the Expiration Time. Except as described herein, other terms of the previously announced Tender Offer remain unchanged. Holders of Notes should read carefully and in its entirety the Offer to Purchase before deciding to tender or withdraw their Notes, as applicable. The Company has engaged Citigroup Global Markets Inc. to serve as Dealer Manager for the Tender Offer. Questions regarding the Tender Offer should be directed to Citigroup Global Markets Inc. at (800) 558-3745 (U.S. toll-free) and (212) 723-6106 (New York). Copies of documents relating to the Tender Offer may be obtained from the Tender and Information Agent at http://www.gbsc-usa.com/coin, or by telephone at (855) 654-2015 or (212) 430-3774. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The Offer to Purchase contains important information which should be read carefully before any decision is made with respect to the Tender Offer. Disclaimer None of the Company, the Dealer Manager, the Tender and Information Agent or the trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should or should not tender any Notes in response to the Tender Offer or expressing any opinion as to whether the terms of the Tender Offer are fair to any Holder. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of Notes to tender. Please refer to the Offer to Purchase for a description of the offer terms, conditions, disclaimers and other information applicable to the Tender Offer. About Coinbase Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The Company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Cautionary Statement Regarding Forward-Looking Statements This press release contains “forward-looking statements” including, among other things, statements relating to the anticipated cash expenditure to consummate the Tender Offer, as well as the completion, timing and size of the Tender Offer. Statements containing words such as “could,” “believe,” “expect,” “intend,” “will,” or similar expressions constitute forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements, including those described in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 and other filings with the Securities and Exchange Commission. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks that could have an impact on any forward-looking statements contained herein. Forward-looking statements in this press release are based on the Company’s beliefs and assumptions and on information available to the Company’s management as of the date they are made. Investors should not place undue reliance on any such forward-looking statements. Except as may be required by law, the Company undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this press release. Contacts Press: [email protected] Investors: [email protected]

As part of its ongoing commitment to promoting education and the adoption of cryptocurrencies in the United Arab Emirates, Bybit, the third most visited cryptocurrency exchange in the world, is delighted to announce that it has given scholarships to 38 deserving students at the American University of Sharjah (AUS). Following Bybit’s cooperation with AUS, which was announced in June of this year, this is the second announcement. The scholarship seeks to encourage worthy students to pursue studies and research in the fintech and blockchain sector while helping them acquire the finest education possible. For the AUS-Bybit Fund Scholarship, which has a total funding pool of AED 1 million, a total of 38 beneficiaries have been chosen after applications were reviewed based on the student’s academic status, grade point average, and need. The scholarship will pay for 25% of the cost of tuition for the spring 2024 and fall 2023 semesters, respectively. The 29 students who are presently enrolled will each get a 25% tuition discount, and the 9 new first-time students will also each receive a 25% discount. Computer science and engineering are the two most popular majors among the chosen students. The inaugural AUS-Bybit Inter-College Hackathon with a focus on Artificial Intelligence in Crypto for present university students in the UAE ecosystem will be sponsored by Bybit with an extra AED 100,000 contribution. In November, the hackathon will take place at the AUS College of Engineering.

Shibarium, the much-anticipated layer-2 network of Shiba Inu is back online but remains under the radar, confined to an extensive private test phase. Shytoshi Kusama, the project’s lead developer, unveiled this update on Saturday. In his remarks, Kusama assured the community that they have resolved all technical challenges previously encountered on this layer-2 platform. Kusama mentioned, “Shibarium is currently live (but in private mode) producing blocks as normal.” He further emphasized the importance of ensuring optimal scaling and functionality before a public re-release, suggesting that the SHIB development team is prioritizing caution above all. Notably, Shibarium’s initial launch wasn’t without its issues. Block production had come to a standstill on the network just last week. Shibariumscan, the network’s designated explorer, indicates that the most recent block on the Shibarium mainnet was produced on Thursday. However, among the many challenges faced, the most significant was the unexpected trapping of 965 ETH, valued approximately at $1.7 million during that period. The predicament arose because of the massive, unexpected influx of traffic on the network immediately post-launch, with 1000 ETH tokens and 600,000 BONE tokens deposited within the first 15 minutes alone. This rush resulted in Shibarium recording over 160 million compute units in merely half an hour. Kusama, providing a silver lining, stated that they’ve since amplified Shibarium’s scaling and capacity by a staggering 1,500%. With such promising advancements and the dedication shown by the team, many Shiba Inu enthusiasts are ardently waiting for Shibarium to open its gates to the public. How High Can Shiba Inu Surge Post Shibarium Restart? The ripples of the Shibarium launch and its subsequent hiccups are vividly evident in SHIB’s recent price dynamics. A euphoric surge was observed around August 12, where SHIB’s price ascended to a 4-month high at $0.00001134. However, post the Shibarium’s temporary freeze, SHIB’s value plummeted sharply. This decline was so drastic that SHIB’s price slid below the support levels of all major daily moving averages. The meme coin’s recent trajectory saw it dwindling precariously close to the 78.6% Fibonacci retracement mark at $0.00000717 just last Thursday. However, SHIB price managed to claw its way back, finding support above the 61.8% Fibonacci retracement level pegged at $0.00000806. A brief bounce was witnessed, but resistance at the 50% Fibonacci retracement level and the 100-day EMA at $0.00000869 thwarted its progress, causing it to retrace its steps back towards the 61.8% level. With the potential public restart of Shibarium on the horizon, there’s a beacon of hope for SHIB’s price. A successful relaunch might propel SHIB to soar by 37% and retouch its 4-month peak at $0.00001134. But this ascent won’t be without challenges. The Shiba Inu price will need to navigate a maze of resistance, most notably the area between the 100-day EMA at $0.00000867 and the 50% Fibonacci retracement level at $0.00000869, the area between the 200-day EMA at $0.00000932 and the 38.2% Fibonacci retracement level at $0.00000931, and the 23.6% Fibonacci retracement level at $0.00001009.

This year for the first time in the world, pioneering blockchain founders and Visionary Venture capital firms meet in the most anticipated VC FOUNDERS Yacht event set to take place in Singapore with the breathtaking views of iconic Marina Bay. This unique event will take place during the world-famous Token 2049 Conference as well as the Grand Prix Formula for one week, attracting innovators from all over the world! Singapore has shown the world its unique position as a global hub for blockchain investment and innovation. We believe this event will be the perfect addition and catalyst to boost industry-wide collaboration that will take us into new horizons of technological advancement. Embed Token2049 Video Here The event will feature distinguished guests and representatives from Venture Capital such as Tron DAO Ventures, Elevate Ventures, Geek Cartel, and many more that will come together, forging partnerships that will change the future of blockchain technology. With combined investments worth billions of Dollars in the world, these unique players have an unmatched experience to hold founders’ hands and guide them into unicorn status. Unparalleled Industry Backing: The event receives its strength and prestige from the support of globally renowned technology innovators and media networks that joined forces to work together either as name partners. Strategic partners, Media and Community partners. such as Coingape, BitcoinWorld, the new crypto, Cryptodataspace.com, Association for Blockchain Asia, metaverse space as well as several other important guests. OpulenceX Finance OpulenceX stands as a groundbreaking force in decentralized finance (DeFi), with a transformative vision aimed at reshaping the financial landscape. OpulenceX is committed to fostering financial inclusivity and promoting a borderless future, where everyone has access to transparent and decentralized financial services through innovation, collaboration, and a relentless pursuit of excellence. Moreover, the platform pioneers real-world asset tokenization, Identity Solutions, cutting-edge NFT Marketplace, and countless other infrastructures in an unparalleled realm of authenticity and exclusivity. Apart from its unrivaled vision, one important aspect that makes OpulenceX stand out is its very supportive, energetic, and vibrant community of artists, developers, investors, and enthusiasts from all over the world that persistently develop and build despite highs and lows in the current market Event Highlights Global Convergence: A global conglomeration of significant actors in the blockchain sector will congregate on Singapore’s shores, providing an unprecedented chance for networking and synergistic collaboration. Exclusive Yacht Experience: The event will take place on a luxury yacht against the stunning background of Marina Bay, mixing luxurious relaxation with practical networking. This one-of-a-kind location provides an atmosphere favorable to deep conversations and connection building. Adventure and Growth: Beyond the limitations of traditional networking events, this high-seas gathering offers a mix of adventure and growth, reflecting the ever-changing nature of the blockchain sector. As anticipation mounts for this monumental gathering, blockchain enthusiasts, venture capitalists, and technology visionaries are encouraged to reserve their spots for an experience that promises to reshape the trajectory of the blockchain industry. If you would love to sign up for the event and be a part of the revolution you can click on the event link here For media inquiries and sponsorship opportunities, please contact us at; [email protected] Token2049 Planning to visit Token2049, the biggest crypto/blockchain conference in Asia? Get your Tickets at 10% off here! Instagram Linkedin Twitter 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 SEC has not yet ordered the companies to withdraw their applications unlike 2021. Valkyrie is now in the lead and may be the first to market with a BTC-ETH ETF. Several applications for Ether futures ETFs are expected to be approved simultaneously by the U.S SEC, according to WSJ, citing persons familiar with the subject. There has been a deluge of applications to the SEC since July, with some financial companies asking to combine futures Bitcoin and Ether strategies. The SEC has not yet ordered the companies to withdraw their applications, unlike in 2021 when the SEC ordered the same thing to happen. According to WSJ sources, this bodes well for the fund’s rollout in the coming weeks. At this time, regulators have not yet approved any of the sixteen ETF proposals for Ether or Bitcoin-Ethereum futures. A crypto futures ETF would not put its money directly into Bitcoin or Ethereum, but rather into futures contracts that are pegged to the value of these cryptocurrencies. All Eyes on SEC Requests keep coming in while the SEC mulls over whether or not to approve crypto futures contracts. This week, Valkyrie, an asset management business, submitted applications for an Ether futures exchange-traded fund (ETF) and a combined Bitcoin-Ethereum futures strategy. Valkyrie is now in the lead and may be the first to market with a BTC-ETH ETF in early October. Having a first-mover advantage is crucial in the ETF market. The Wall Street Journal reports, pointing to data from Morningstar, comparing ProShares’ Bitcoin futures ETF and Valkyrie’s identical product, launched a few days later. According to CMC, the price of ETH at the time of writing is $1,667 and is down 0.28% in the last 24 hours. Highlighted Crypto News Today: Bitcoin (BTC) Sticks to $26K Due to Massive Sell-Off, More Dump Incoming?

Vitalik Buterin transferred a significant amount of ETH to Coinbase. The price of ETH is trading at $1670 and is down 0.47% in the last 24 hours. During the recent bloodbath, almost all cryptocurrencies including Ethereum (ETH) performed terribly. However, declining trade volumes of ETH over the weekend indicate a temporary lull in the selling frenzy. On the other hand, a well-known crypto analyst with the Twitter handle Ali_Charts, predicts a rather muted price trend for Ethereum over the next several months. According to the analyst, the price of Ethereum might continue to fall, perhaps testing last year’s lows. Consolidation Phase The expert warns that a 37% to 45% correction might occur in the Ethereum price if it drops below the key zone of $1,600 to $1,550 in the near future. Therefore, the expert anticipates that Ethereum will eventually reach a price of about $1,000. At the time of writing, the price of ETH is trading at $1,670 and is down 0.47% in the last 24 hours as per data from CMC. The falling price found support around the $1600 mark and briefly recovered. It is now consolidating around the $1650 range, waiting for the next big move. Source: CoinMarketCap The price needs to clearly break out over the $1727 mark if it wants to start a fresh rally. However, if it breaks the recent support level of $1676 then it can go all way to the $1438 level. On the other hand, adding salt to the wound was a recent update that the co-founder of Ethereum Vitalik Buterin sold a significant amount of ETH. PeckShieldAlert reports that on August 21 a wallet address associated with Vitalik Buterin sent 600 ETH, worth roughly $1 million, to Coinbase. There has been no explanation for the latest move, although some have speculated that it was part of yet another large selloff.