Bitcoin price is still struggling below the $29,650 zone. BTC could gain bearish momentum if there is a close below the $29,100 support. Bitcoin is showing a few bearish signs below the $29,650 zone. The price is trading below $29,400 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support near $29,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it breaks the $29,250 and $29,100 support levels. Bitcoin Price Stuck Below $30K Bitcoin price remained well below the $30,000 resistance zone. BTC attempted a short-term upward move but the bears were active near the $29,650 resistance zone. A high was formed near $29,657 before there was a fresh decline to $29,250. The price is now consolidating and trading above the 23.6% Fib retracement level of the recent decline from the $29,657 swing high to the $29,250 low. Bitcoin is now trading below $29,400 and the 100 hourly Simple moving average. There is also a short-term bullish trend line forming with support near $29,320 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $29,450 level. It is close to the 50% Fib retracement level of the recent decline from the $29,657 swing high to the $29,250 low. The next major resistance is near $29,500. The main resistance is now forming near the $29,650 level. Source: BTCUSD on TradingView.com A close above the $29,650 resistance could send the price toward the $30,000 resistance zone. Any more gains might change the trend and the price might rise toward $30,500. In the stated case, the price could even rise toward $31,200 or even $32,200 in the coming days. More Losses In BTC? If Bitcoin fails to clear the $29,650 resistance, it could continue to move down. Immediate support on the downside is near the trend line. The next major support is near the $29,250 level. The first key support is near $29,100. A downside break below the $29,100 level might start another steady decline. In the stated case, the price could drop toward $28,400. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $29,250, followed by $29,100. Major Resistance Levels – $29,450, $29,650, and $30,000.

Ethereum price is struggling to rise above the $1,850 zone against the US Dollar. ETH could drop toward the $1,800 support in the near term. Ethereum is trading in a range below the $1,850 and $1,860 resistance levels. The price is trading below $1,850 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with support near $1,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could drop toward $1,800 if there is no close above the $1,860 resistance. Ethereum Price Dips Again Ethereum’s price remained below the $1,860 resistance zone and reacted to the downside. ETH topped near $1,853 and declined below the $1,840 level, similar to Bitcoin. A low is formed near $1,837 and the pair is now consolidating losses. It climbed above the 23.6% Fib retracement level of the recent decline from the $1,853 swing high to the $1,837 low. Ether is now trading below $1,850 and the 100-hourly Simple Moving Average. There is also a key contracting triangle forming with support near $1,840 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,845 level or the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $1,853 swing high to the $1,837 low is also near $1,845. The first key resistance is near the $1,850 level. The next key resistance is near the $1,860 level. A close above the $1,860 level could send the price toward $1,880. Any more gains might send the price toward the $1,920 pivot level, above which the price could rise toward the $2,000 zone. More Losses in ETH? If Ethereum fails to clear the $1,850 resistance, it could continue to move down. Initial support on the downside is near the $1,840 level or the triangle lower trend line. The first major support is near the $1,835 zone. If the bulls fail to protect the $1,835 support, there could be more losses. The next major support is near the $1,800 support level. Any more losses might send the price toward the $1,740 level in the near term. 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 – $1,835 Major Resistance Level – $1,850

Ripple’s token price is consolidating above $0.620 against the US Dollar. XRP price might start a decent increase if there is a clear move above $0.650. Ripple’s token price is moving lower from the $0.6650 resistance against the US dollar. The price is now trading below $0.65 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.628 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to decline if there is no move above $0.63 and $0.65. Ripple’s Token Price Dips Again After a recovery wave, Ripple’s XRP struggled to clear the $0.6650 resistance against the US Dollar. A high was formed near $0.6654 before the price started a fresh decline, similar to Bitcoin and Ethereum. There was a move below the $0.650 pivot level. The price declined below the 50% Fib retracement level of the upward move from the $0.5926 swing low to the $0.6654 high. The price even declined below the $0.635 support zone. XRP is now trading below $0.65 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.628 on the 4-hour chart of the XRP/USD pair. Initial resistance on the upside is near the $0.628 zone and the trend line. The next major resistance is near the $0.650 level and the 100 simple moving average (4 hours). The main resistance is now forming near the $0.6650 zone. Source: XRPUSD on TradingView.com A successful break above the $0.6650 resistance level might send the price toward the $0.70 resistance. Any more gains might call for a test of the $0.720 resistance. More Losses in XRP? If ripple fails to clear the $0.650 resistance zone, it could start another decline. Initial support on the downside is near the $0.620 zone and the 61.8% Fib retracement level of the upward move from the $0.5926 swing low to the $0.6654 high. The next major support is near $0.60. If there is a downside break and a close below the $0.60 level, XRP’s price could extend losses. In the stated case, the price could retest the $0.585 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.62, $0.60, and $0.585. Major Resistance Levels – $0.628, $0.650, and $0.665.

Price of Hedera (HBAR) spiked 14% to reach its 4-month-high. The maximum price surge led HBAR to attain the 13th-largest daily trading volume. HBAR is now added as a payment option in the US Federal Reserves’s FedNow via Dropp. The native token of the Hedera blockchain, HBAR, records the highest surge in trading volume and price in the last 24 hours. According to TradingView, Hedera (HBAR) rose 14% to hit its 4-month-high of $0.0726 on the largest crypto exchange Binance. Notably, a massive volume surge propelled HBAR to advance as the cryptocurrency with the thirteenth largest daily trading volume. The altcoin surged over 1185% in the last 48 hours to attain a maximum daily trading volume of $308.6 million. As per CoinMarketCap data, the circulating 32.96 billion HBAR, 65.92% of the total supply, stood with a market capitalization of over $2,368,937,102 at press time. Hedera (HBAR) 24H Price Chart (Source: CoinMarketCap) FedNow — the Reason Behind The Price Surge? The reason behind HBAR’s commendable 24-hour price gain is associated with a crypto-positive integration in the US banking sector. Fed Now, the Federal Reserve’s instant payment service, has enlisted Dropp, a micropayment service for small value transactions, as its service provider that helps it to harness the Hedera blockchain technology. The official blog stated that this is enabled at retail-level payment services for daily purchases and others. Notably, in its payment options, Dropp supports Hedera (HBAR), the stablecoin USD Coin (USDC) and USD. This integration turned out to be the catalyst for the bullish surge in HBAR. Moreover, Dropp’s integration with high throughput and low latent distributed ledger technology makes it compatible with storing, transferring, and initiating other related NFT transactions. Additionally, it provides functionality support including customer credit transfers, requests for payments (RFPs), and also liquidity transfers.

There are encouraging on-chain activities in Cardano. According to Santiment, an on-chain analytics platform, on August 14, there were 25,294 wallet addresses with at least 100,000 ADA, the highest in over 16 months. The uptick could signal interest, especially considering that prices are under pressure looking at the performance in the daily chart. ADA Whales Accumulating Looking at Santiment trends, it appears that ADA whales began accumulating as early as June 2022, and the number has been rising steadily ever since. However, amid this encouraging “bullish” signal, ADA prices have fluctuated, edged lower, and diverged with whales’ actions in the past 16 months. ADA is changing hands at around $0.289 at spot rates, down from $0.465 when whales began loading up in mid-June 2022, as seen below. There are over 25,000 whales with at least 100,000 ADA of writing in mid-August, up by over 3,000 since June 2022. Overall, and as aforementioned, this is a vote of confidence for Cardano and may signal optimism in how ADA’s future prices could pan out. In crypto, token holders closely monitor whale activity, as their actions often influence market sentiment. Their continued accumulation, for example, of ADA, is an endorsement of a project’s potential and could ignite demand, lifting prices. Conversely, when they offload, it could trigger a sell-off, forcing asset prices lower. ADA whales are buying more of the coin when Cardano’s market capitalization has been pulling back from 2023 highs. At spot rates, the project’s market cap is down by at least 35%, dropping from $15.76 billion to $10.1 billion as of mid-August. Even so, ADA is one of the most liquid coins looking at the average daily trading volumes and position in the leader board. Cardano Building, ADA Resilient But Weak Presently ranked eighth, Cardano is ahead of Solana and Tron but trailing XRP and Dogecoin in the top 10. ADA is trading at $0.289, down roughly 10% from August 2023 highs. While ADA remains within the June to July 2023 trading range, ADA buyers hold an advantageous position looking at candlestick arrangements in the daily chart. Despite recent lower lows, sellers have not yet reversed the gains of July 13, a conspicuous bar that shapes the immediate price action. Cardano is in the Basho era, where developers look at enhancing scalability and network performance to support intensive decentralized applications (dapps), particularly those in decentralized finance (DeFi). Notable improvements in this phase include pipelining and the release of Mithril, aimed at bolstering network security. Additionally, Cardano’s leading developer IOG is working on Hydra, a layer-2 solution to boost scalability further using off-chain channels.

While Bitcoin and the crypto market experienced, HarryPotterObamaSonic10Inu and the memecoin sector are blooming. Recent data points to double-digit gains across the board for these assets, with the potential for further profits if Bitcoin and larger cryptocurrencies continue trading sideways. As of this writing, HarryPotterObamaSonic10Inu trades at $0.14, with profits of around 30% during the last 24 hours. On the previous seven days, the token saw a 54% profit, but the last month has been the best in performance, with a 246% increase. HarryPotterObamaSonic10Inu Leads Memecoin Sector’s Gains As Bitcoin Acts Like A Stock Data from market tracker CoinGecko indicates that HarryPotterObamaSonic10Inu’s gains have been followed by ElmoERC and DogeKaki. These cryptocurrencies experienced 10% and 11% rallies’ respectively. Other cryptocurrencies that experienced positive price action in the memecoin sector include Mooncat CAT and Mog Coin. The last of these tokens recorded a 17% increase over the past hour and at the time of writing alone. As Bitcoin, Ethereum, and other significant cryptocurrencies trend sideways, traders are attracted to riskier and volatile assets. In addition, these tokens experienced more volatility as they possessed less trading volume and liquidity. In other words, smaller traders can influence the price action on some of these assets. While on Bitcoin, and even Dogecoin (DOGE), traders need billions of dollars to influence the price action. When Will The Bitcoin Price Move Again? But how long can traders in the memecoin sector benefit from a low volatility environment? Per a recent update from Bitfinex Alpha, the current status quo is bound to persist. As seen in the chart below, there has been a record-low liquidation in the derivatives sector, and as a result, prices have remained steady. Traders should look out for catalyst events in the macroeconomics landscape and a potential liquidation spike if they are betting on HarryPotterObamaSonic10Inu and other memecoins. If the spike finally comes through, Bitcoin’s price could finally move again, crushing memecoins and the altcoins market. The Bitfinex Alpha report stated: Cover image from Unsplash, chart from Tradingview

According to Bloomberg, a recent research report from Sanford C. Bernstein has shed light on the potential impact of Exchange Traded Funds (ETFs) on the Bitcoin market dynamics. Potential Surge In Bitcoin Market Value Sanford C. Bernstein’s research indicates that should the US green-light a fund investing directly in spot Bitcoin, ETFs could constitute roughly 10% of Bitcoin’s market value within the next three years. Such a shift could amplify Bitcoin’s presence in traditional financial portfolios and potentially foster more significant institutional adoption. According to Bloomberg, Gautam Chhugani, an analyst at Bernstein, highlighted the rising probability of a spot Bitcoin ETF in the report. In a separate report, this same analyst had recently disclosed that the SEC believes that a Bitcoin Spot ETF may be “unreliable” since crypto exchanges (such as Coinbase) aren’t under their oversight, leading to concerns about potential price manipulation and unreliability. While the speculation on the SEC approval of a Spot Bitcoin ETF continues, with the Grayscale Bitcoin Trust currently holding about 4% of all Bitcoin, according to Bloomberg, a direct investment, ETF could more than double this figure, potentially aiding the growth of the crypto investment landscape. The “Growth Flywheel” Effect Once regulatory approval is in place, Bernstein anticipates a “growth flywheel” effect propelled by retail and other institutional inflows. Such a cascade effect would be reminiscent of other financial markets where introducing new financial products spurred fresh investments and liquidity waves. Notably, to understand the significance of this, one only needs to consider the broader ETF market’s growth trajectory. Since their inception, ETFs have grown exponentially, with assets under management surging across various sectors and asset classes. Introducing a Spot Bitcoin ETF would mean integrating a highly liquid, decentralized, and increasingly accepted asset into this mix, further validating Bitcoin’s place in the financial ecosystem. Meanwhile, Bitcoin’s price is struggling to break above the $30,000 mark after slipping below that price range last week. As of this writing, the asset trades at $29,623, recording a slight increase of 0.5% over the past 24 hours. Alongside its struggling price, BTC’s market capitalization has increased by more than $10 billion in just the past week. The asset market cap has surged from a high of $560 billion earlier last week to a current cap of $573 billion. The top crypto’s trading volume has also followed closely with its surging market cap and has seen a significant spike from last week’s daily trading volume. Bitcoin’s 24-hour trading volume currently stands at $11.3 billion compared to a lesser volume of $8.7 billion last Monday. Featured image from iStock, Chart from TradingView

In the ongoing market turbulence on higher timeframes, Bitcoin (BTC) is at a crucial juncture as a great consolidation phase persists. Research and analysis firm Material Indicators closely monitored the recent weekly candle close/open, paying particular attention to two key factors: the trend line and the 21-day, 21-week, and 21-month moving averages (MA) – all of which are currently influential in shaping market dynamics. Uncertainty And Potential Turning Point For Bitcoin The opening of the weekly candle below the trend line triggered a “subsequent nosedive,” amplifying concerns. While the 21-week and 21-month moving averages continue to serve as robust support, the 21-day MA has faced a rigorous seven-day testing period, according to the firm’s analysis. Notably, the tight correlation of the 21-MA across three distinct time frames is rare, indicating that the market is at a critical inflection point. Despite the compressed volatility witnessed in recent days, the price action observed over the past 24 hours exemplifies the market’s attempt to shake out weak hands. According to Material Indicators, given the complexity of the current price action, it is prudent to zoom out and gain a broader perspective. Both Trend Precognition algorithms identified these moves on the four-hour chart, emphasizing the significance of adopting a comprehensive outlook. Moreover, according to Materials, the order book reveals a concerning trend in bid liquidity, with less than $40 million holding the price up. The absence of substantial liquidity below this level raises fundamental worries. However, it also suggests that there may not be sufficient sentiment to drive prices significantly lower – at least not yet. In addition, Material Indicators highlights that the examination of liquidity movements within the order book over the past month paints a picture of continued price volatility with a potential upward bias. However, the lack of volume raises concerns about the market’s overall health. Despite a $13 million buy wall at $27,900, the bottom of the channel at $28,300 remains a critical threshold for BTC to extend its current trend. The firm claims: BCT Faces Renewed Pressure Amid Strengthening US Dollar As Bitcoin enters a new week of trading, market participants closely monitor the potential impact of the strengthening US Dollar Index ($DXY) on the world’s leading cryptocurrency. According to Yan Alleman, co-founder of blockchain analytics firm Glassnode, recent developments suggest that BTC may face renewed pressure due to the upward momentum of the $DXY. Alleman highlights that the $DXY’s renewed strength could exert downward pressure on Bitcoin’s price. Historically, there has been an inverse correlation between the value of the US Dollar and the price of BTC, meaning that when the dollar strengthens, Bitcoin often faces headwinds. However, options pricing indicates a bullish sentiment for Bitcoin in the coming month. Options are financial derivatives that allow traders to speculate on the future price of an underlying asset, in this case, Bitcoin. The pricing of options contracts suggests an expectation of a bullish move shortly. This aligns with the technical analysis indicating potential upside for Bitcoin. Analyzing the potential price movements, Alleman notes that it would require nearly twice as much selling pressure to push Bitcoin down to the low $28,000 range compared to the buying pressure needed to surpass the $30,000 level. This observation suggests that there may be greater support and buying interest at higher price levels, making a sustained drop less likely. As of the time of writing, Bitcoin (BTC) is trading at $29,500, reflecting a marginal 0.4% increase over the past 24 hours. Featured image from iStock, chart from TradingView.com

Company Boosts Balance Sheet, Optimizes Operations ALBANY, N.Y.–(BUSINESS WIRE)–Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, reported financial results for the second quarter ended June 30, 2023. John Belizaire, CEO of Soluna Holdings, said, “Our progress executing the 3-step plan I shared in my letter to shareholders in the first half of the year has resulted in a stronger balance sheet and improved cash flows. This sets us up for continued growth in the second half of 2023 as we complete our transition focused on monetizing our sites through hosting and joint ventures. I am proud of our operating teams and thankful for our investors’ continued support.” Finance and Operational Highlights: The cash balance as of June 30, 2023, was $7.5 million compared to $1.1 million as of December 31, 2022. This is driven by new project-level investments, operational execution, and expense management measures implemented in the first half of the year. The Company is still on track to deploy a record 2 EH/s across all sites by the end of the summer. Project Dorothy 1A and Project Sophie are now fully deployed with three hosting customers. As of August 14, 2023, Project Dorothy 1B is completing construction and the Company has energized more than 11 MW of the buildings dedicated to the Proprietary Mining Joint Venture with Navitas Global. The Company completed its tender of equipment purchase, with 8,378 machines purchased for a total of 868 PH/s of hashrate with an average efficiency of 29.9 J/TH, and at a cost of $11.25 $/TH inclusive of all fees, import, and taxes, $10.59 $/TH excluding taxes. Machine deployment at Project Dorothy 1B continues with more than 5,760 deployed to date. More than 19,500 machines have been deployed across all three data centers as of August 14, 2023. The Company averaged $30/MWh for energy costs even during the recent heat waves in Texas and Kentucky. The average efficiency across all the machines at the sites is less than 30 J/TH. As described in the Company’s Earnings Power Illustration on June 21, 2023, the combined revenue potential for Project Dorothy 1A, Project Dorothy 1B, and Project Sophie is $37.5 million on an annualized basis. Prospective investors visited Project Dorothy with an interest to finance up to 50 MW of Project Dorothy 2. Project Kati, Soluna’s new 166 MW data center, continues its development process, completing the first of three required ERCOT interconnection studies in the planning phase. The company has also advanced legal agreements with its power partner at Project Kati. Financial Summary: Key financial results for the second quarter include: The Company’s balance sheet and liquidity continued to strengthen. Its current ratio, which measures liquidity, improved to 1.4 from 0.2 at the end of 2022 resulting from the combination of new project-level investments and declining operating losses. Working capital improved to $6.1 million as of June 30, 2023, a $30.7 million increase, versus a negative $24.6 million for the period ended June 30, 2022. Total revenue in the second quarter of 2023 decreased by 76% to $2.1 million compared to $8.7 million in the second quarter of 2022. The decrease is primarily attributable to the decommissioning of Project Marie negatively impacting both proprietary mining and hosting revenues and the transition of Project Sophie from proprietary mining to primarily hosting during the second quarter of 2023. General and Administrative, exclusive of depreciation and amortization expenses decreased by 15% to $4.1 million in the second quarter of 2023, as compared to $4.9 million in the second quarter of 2022, primarily due to cost reductions related to salaries and benefits, reduced consulting and professional fees, offset in part by an increase in investor relations costs. Stock compensation expense during the second quarter of 2023 was $2.2 million versus $1.1 million in the second quarter of 2022. Net loss from continuing operations improved to $9.3 million in the second quarter of 2023 from $14.1 million in the second quarter of 2022. The unaudited financial statements are available online. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law. About Soluna Holdings, Inc (SLNH) Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’ Soluna Holdings, Inc. and Subsidiaries Condensed Consolidated Balance Sheets As of June 30, 2023 (Unaudited) and December 31, 2022 (Dollars in thousands, except per share) June 30, December 31, 2023 2022 Assets Current Assets: Cash $ 7,464 $ 1,136 Restricted cash 1,780 685 Accounts receivable 1,537 320 Prepaid expenses and other current assets 1,417 1,326 Deposits and credits on equipment 9,091 1,175 Equipment held for sale 1,379 295 Total Current Assets 22,668 4,937 Restricted cash 1,000 – Other assets 2,958 1,150 Property, plant and equipment, net 37,760 42,209 Intangible assets, net 31,735 36,432 Operating lease right-of-use assets 526 233 Total Assets $ 96,647 $ 84,961 Liabilities and Stockholders’ Equity Current Liabilities: Accounts payable $ 3,150 $ 3,548 Accrued liabilities 4,099 2,721 Line of credit – 350 Convertible notes payable – 11,737 Current portion of debt 8,087 10,546 Deferred revenue 985 453 Operating lease liability 207 161 Total Current Liabilities 16,528 29,516 Other liabilities 1,497 203 Long-term debt 1,174 – Convertible notes payable 10,710 – Operating lease liability 325 84 Deferred tax liability, net 7,792 8,886 Total Liabilities 38,026 38,689 Commitments and Contingencies (Note 10) Stockholders’ Equity: 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, $25.00 liquidation preference; authorized 6,040,000; 3,061,245 shares issued and outstanding as of June 30, 2023 and December 31, 2022 3 3 Series B Preferred Stock, par value $0.0001 per share, authorized 187,500; 62,500 shares issued and outstanding as of June 30, 2023 and December 31, 2022 — — Common stock, par value $0.001 per share, authorized 75,000,000; 30,764,463 shares issued and 29,745,947 shared outstanding as of June 30, 2023 and 19,712,722 shares issued and 18,694,206 shares outstanding as of December 31, 2022 31 20 Additional paid-in capital 284,136 277,410 Accumulated deficit (237,606 ) (221,769 ) Common stock in treasury, at cost, 1,018,516 shares at June 30, 2023 and December 31, 2022 (13,798 ) (13,798 ) Total Soluna Holdings, Inc. Stockholders’ Equity 32,766 41,866 Non-Controlling Interest 25,855 4,406 Total Stockholders’ Equity 58,621 46,272 Total Liabilities and Stockholders’ Equity $ 96,647 $ 84,961 Soluna Holdings, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) For the Three and Six Months Ended June 30, 2023 and 2022 (Dollars in thousands, except per share) Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Cryptocurrency mining revenue $ 915 $ 7,497 $ 3,711 $ 15,309 Data hosting revenue 1,153 1,179 1,439 2,683 Total revenue 2,068 8,676 5,150 17,992 Operating costs: Cost of cryptocurrency mining revenue, exclusive of depreciation 1,160 3,596 3,410 6,992 Cost of data hosting revenue, exclusive of depreciation 759 975 1,031 2,114 Costs of revenue- depreciation 539 5,538 1,164 9,862 Total costs of revenue 2,458 10,109 5,605 18,968 Operating expenses: General and administrative expenses, exclusive of depreciation and amortization 4,136 4,873 8,496 9,755 Depreciation and amortization associated with general and administrative expenses 2,379 2,376 4,756 4,749 Total general and administrative expenses 6,515 7,249 13,252 14,504 Impairment on fixed assets 169 750 377 750 Operating loss (7,074 ) (9,432 ) (14,084 ) (16,230 ) Interest expense (439 ) (3,305 ) (1,814 ) (6,185 ) Loss on debt extinguishment and revaluation, net (2,054 ) – (1,581 ) – Gain (loss) on sale of fixed assets 48 (1,618 ) (30 ) (1,618 ) Other expense, net (285 ) – (273 ) – Loss before income taxes from continuing operations (9,804 ) (14,355 ) (17,782 ) (24,033 ) Income tax benefit from continuing operations 547 251 1,093 797 Net loss from continuing operations (9,257 ) (14,104 ) (16,689 ) (23,236 ) Income before income taxes from discontinued operations – 7,477 – 7,702 Income tax benefit from discontinued operations – 70 – 70 Net income from discontinued operations – 7,547 – 7,772 Net loss (9,257 ) (6,557 ) (16,689 ) (15,464 ) (Less) Net loss attributable to non-controlling interest 482 – 852 – Net loss attributable to Soluna Holdings, Inc. $ (8,775 ) $ (6,557 ) $ (15,837 ) $ (15,464 ) Basic and Diluted (loss) earnings per common share: Net loss from continuing operations per share (Basic & Diluted) $ (0.34 ) $ (1.11 ) $ (0.69 ) $ (1.82 ) Net income from discontinued operations per share (Basic & Diluted) $ – $ 0.54 $ – $ 0.56 Basic & Diluted loss per share $ (0.34 ) $ (0.57 ) $ (0.69 ) $ (1.26 ) Weighted average shares outstanding (Basic and Diluted) 28,150,557 14,048,253 24,903,975 13,958,437 Soluna Holdings, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited) For the Six Months Ended June 30, 2023 and 2022 (Dollars in thousands) Six Months Ended June 30, 2023 2022 Operating Activities Net loss $ (16,689 ) $ (15,464 ) Net income from discontinued operations – (7,772 ) Net loss from continuing operations (16,689 ) (23,236 ) Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Depreciation expense 1,179 9,871 Amortization expense 4,741 4,740 Stock-based compensation 3,060 1,952 Consultant stock compensation 51 67 Deferred income taxes (1,094 ) (797 ) Impairment on fixed assets 377 750 Amortization of operating lease asset 116 100 Loss on debt extinguishment and revaluation, net 1,581 – Amortization on deferred financing costs and discount on notes 739 5,353 Loss on sale of fixed assets 30 1,618 Changes in operating assets and liabilities: Accounts receivable (924 ) (157 ) Prepaid expenses and other current assets (101 ) (393 ) Other long-term assets (308 ) 56 Accounts payable 696 1,882 Deferred revenue 532 (9 ) Operating lease liabilities (111 ) (98 ) Other liabilities 1,294 – Accrued liabilities 995 64 Net cash (used in) provided by operating activities (3,836 ) 1,763 Net cash provided by operating activities- discontinued operations – 328 Investing Activities Purchases of property, plant, and equipment (2,895 ) (52,618 ) Purchases of intangible assets (44 ) (79 ) Proceeds from disposal on property, plant, and equipment 1,286 465 Deposits and credits on equipment, net (7,916 ) 1,603 Net cash used in investing activities (9,569 ) (50,629 ) Net cash provided by investing activities- discontinued operations – 9,025 Financing Activities Proceeds from preferred offerings – 11,657 Proceeds from common stock securities purchase agreement offering 43 – Proceeds from notes and debt issuance 2,900 29,736 Costs of preferred offering – (1,904 ) Costs of common stock securities purchase agreement offering (4 ) – Costs and payments of notes and short-term debt issuance (175 ) (1,743 ) Cash dividend distribution on preferred stock – (2,131 ) Payments on NYDIG loans and line of credit (350 ) (2,590 ) Contributions from non-controlling interest 19,414 – Proceeds from stock option exercises – 77 Proceeds from common stock warrant exercises – 779 Net cash provided by financing activities 21,828 33,881 Increase (decrease) in cash & restricted cash-continuing operations 8,423 (14,985 ) Increase in cash & restricted cash- discontinued operations – 9,353 Cash & restricted cash – beginning of period 1,821 10,258 Cash & restricted cash – end of period $ 10,244 $ 4,626 Supplemental Disclosure of Cash Flow Information Noncash equipment financing – 4,620 Interest paid on NYDIG loans and line of credit 6 770 Noncash disposal of NYDIG collateralized equipment 3,388 – Proceed receivable from sale of MTI Instruments – 205 Notes converted to common stock 1,794 1,342 Warrant consideration in relation to promissory notes and convertible notes 1,330 5,317 Promissory note and interest conversion to common shares 845 15,236 Registration fees in prepaids and accounts payable – (58 ) Noncash non-controlling interest contributions 2,887 – Series B preferred dividend in accrued expense 383 – Noncash activity right-of-use assets obtained in exchange for lease obligations 397 13 Contacts David Michaels Soluna Holdings, Inc. Chief Financial Officer [email protected] For Media Inquiries: Sam Sova Founder and CEO SOVA [email protected]

ATLANTA–(BUSINESS WIRE)–#isaca–Learners in Atlanta will be able to prepare for emerging tech careers through the Digital Trust-Workforce Inclusion Program (DT-WIP) from ISACA and its One In Tech Foundation, in partnership with Blacks in Technology. Through this collaboration, ISACA will provide in-person instruction to 25 learners using the Certified in Emerging Technology (CET) certification coursework, as well as offer mentorship and career development opportunities. City of Refuge will host the classes in its space and provide lunches to the students on Saturdays, and Inspiredu will outfit the group with laptops to use throughout the program. The president of the Blacks in Technology (BIT) Atlanta Chapter will be teaching the courses, and ISACA’s People and Culture team will be providing students with a job fair and professional development sessions on resume writing and interviewing skills. The partnership between BIT Atlanta, ISACA and ISACA’s One In Tech foundation underscores a shared commitment to promoting diversity, inclusion, and equitable access to technology education and certifications. By bridging the digital divide, this collaboration seeks to empower individuals from underserved communities in Atlanta with the knowledge and skills necessary to excel in emerging technology fields. “We believe that diversity and inclusion are the cornerstones of innovation,” said Meloni Boatswain, Atlanta Chapter President of BIT and CET Instructor. “This partnership embodies our collective commitment to creating a level playing field, enabling individuals from diverse backgrounds to thrive and excel in the technology industry.” This collaboration aims to enable underserved communities to thrive in the rapidly evolving technology landscape by earning CET certifications. BIT has over 27,000 members, with more than 70 chapters in 27 countries and counting, and is the largest organization for Black technologists in the world. BIT Atlanta is the largest BIT chapter within North America, with over 2,000 members. The CET certification allows for mastery of key emerging technologies with courses including ISACA’s Cloud Fundamentals, Blockchain Fundamentals, Internet of Things (IoT) Fundamentals and Artificial Intelligence (AI) Fundamentals certificates. These help demonstrate knowledge to potential future employers and open up new career pathways. “Digital trust roles, whether in audit, cybersecurity or other areas, contribute to driving digital transformation forward and building confidence in the integrity of key elements of organizations’ digital ecosystems,” says Ajay Barot, ISACA Chief of Staff. “Enterprises across all industries need qualified professionals to fill these essential jobs, and we are committed to preparing the workforce of the future by providing them with education, credentials and a supportive community.” Additionally, the One In Tech foundation will offer continuing education stipends for participants to continue to enhance their learning, providing participants no-cost ISACA student membership and resources that will support their trajectories through training, placement, and career development. This project aligns to the mission of ISACA’s academic and workforce development arm to drive impact in communities and support the next generation of learners who are looking to reskill/upskill, as well as with One In Tech’s diversity, equity and inclusion-focused mission to provide underrepresented learners from both youth and adult communities a pathway to enter the IT workforce. Recent ISACA workforce development programs include ones created in collaboration with the Caterpillar Foundation that reached underserved populations in select cities in the U.S. and in Brazil, preparing hundreds of students for in-demand careers in digital trust fields. “There are systemic barriers that can keep people from accessing paths to digital trust roles, particularly those from underserved communities,” says Chloe Miller, One In Tech program manager. “We believe that everyone deserves the chance to pursue these career opportunities, and that having a diverse and inclusive workforce from a range of backgrounds in these professions only makes those teams and organizations stronger.” Learn more at https://www.isaca.org/campaigns/digital-trust-workforce-inclusion-program. If you would like to support or donate, visit https://oneintech.org/take-action/donate/online-donation/. To learn more about ISACA’s partnerships and efforts in workforce development, visit www.isaca.org/why-isaca/academic-partnership. To learn more about the One In Tech Foundation, visit https://oneintech.org/. About Blacks in Technology Blacks in Technology Foundation (BIT) is a non-profit organization dedicated to increasing the representation and inclusion of Black professionals in the technology industry. BIT aims to provide resources, support, and opportunities for individuals of African Descent to thrive and succeed in the tech sector. About ISACA ISACA® (www.isaca.org) is a global professional association and learning organization that leverages the expertise of its more than 165,000 members who work in digital trust fields such as information security, governance, assurance, risk, privacy and quality. It has a presence in 188 countries, including 225 chapters worldwide. Through its foundation One In Tech, ISACA supports IT education and career pathways for underresourced and underrepresented populations. Contacts [email protected] Emily Ayala, +1.847.385.7223 Bridget Drufke, +1.847.660.5554

In a shocking turn of events, the developer behind the controversial meme coin BALD initiated a series of significant transactions, raising eyebrows within the cryptocurrency community. The events surrounding the deployer’s recent actions have left both the coin’s value and its reputation teetering on the edge. BALD Deployers Send Funds To Kraken Exchange Blockchain analysis platform Lookonchain has revealed that the deployer of the BALD token has executed audacious moves, bridging a staggering 7,000 ETH ($12.9 million) out of the Coinbase Layer 2 network, Base. Of the 7,000 ETH that has been sent to the Ethereum network, the deployer sent 2,100 ETH ($3.87 million) in two different transactions to the Kraken crypto exchange, for purposes that can only be for selling. Following this, the BALD deployer currently holds 4,902 ETH in their balance on the Ethereum blockchain, worth over $9 million at current prices. The wallet’s tokens holdings also remain significant, sitting at $1.115 million at the time of this writing. The recent transactions have now dredged up speculations about who the BALD deployer might be. On-chain investigator ZachXBT previously lent his expertise to the investigations, with findings pointing toward an X (formerly Twitter) user who goes by the username @milkyway16eth due to a previous transaction between the deployer wallet and Milkyway’s wallet. However, there is yet to be any concrete proof if Milkyway is actually the brains behind the rug. A Rollercoaster For Investors The BALD meme coin started making the rounds on X (formerly Twitter) shortly after being launched on Base. The coin which was named after Coinbase’s CEO Brian Armstrong’s bald head rose rapidly, climbing more than 289,000% in less than two days. This growth rate served as an attraction for investors, who bridged quickly to the ETH blockchain to invest in the token. It continued to rise, crossing a $70 million market amid the euphoria. However, this would end up being short-lived. On August 1, the BALD deployer pulled liquidity from the token, making off with 10,705 ETH ($20 million at the time). The coin’s price declined rapidly after this, although the official X account for BALD continued to deny that it was a rug pull. Although BALD continues to trade on the Base network, it has been unable to reclaim its past glory. Its price is down over 90% from its all-time high and recorded 18% losses in the last 24 hours alone, according to data from Coinmarketcap. Its daily trading volume is sitting at $503,000 and its market cap is $9.03 million.

Around 71M tokens were released to the team as per the tracker. SAND is now trading at $0.3904, down 1.15% as per data from CMC. A total of 332,000,000 SAND tokens, or around 16% of the total circulating supply of the digital asset, have been unlocked by The Sandbox. At the moment of unlock, the tokens were valued at around $133 million. Token Unlocks, a tracker that keeps tabs on vesting schedules, reports that 71M tokens were released to the team, 37.5M to advisors, 96.8M to the business reserve, 24M to strategic sale purchasers, and over 103M to participants in the seed sale. Tokens held by these individuals may now be traded freely between buyers and sellers. Bears Dominate the Prices Since token unlocks unfreeze liquidity and pumps it into the open market, they are often quite pessimistic for the values of digital assets. For the last month leading up to the unlock schedule, the SAND token has been on a downward trend. Source: CoinMarketCap The cryptocurrency was trading at roughly $0.45 on July 15th. After that, it plummeted to where it is now, at $0.3904, down 1.15% as per data from CMC. Unlocks for the next batch of SAND tokens are scheduled for February 14 next year. By then, over 205 million tokens will have been released and distributed among the company’s employees, reserves, and advisors. While this was going on, The Sandbox was steadily introducing new users to the metaverse. On July 28 the business announced a partnership with the British Museum to increase public access to museum exhibits. Players of The Sandbox may now make use of the museum’s resources to learn about art, culture, and history. Highlighted Crypto News Today: Coinbase Launches New Services in Canada Eyeing Dominance

Alex Chriss’s new position will benefit greatly from his extensive background. Chriss will take over as CEO on September 27, 2023, succeeding Dan Schulman. The payment processing giant PayPal has recruited a new CEO. Alex Chriss, an established veteran of the tech sector with a history of leadership and innovation, has been named CEO and President of PayPal. Alex Chriss’s new position will benefit greatly from his extensive background as a senior executive at Intuit. Chriss is no stranger to the complexities of the fintech realm, having worked in multiple leadership roles at Intuit, including Executive VP and GM of the Small Business and Self-Employed Group. Revolutionizing Digital Payments Moreover, his track record of leading innovation, anticipating consumer needs, and fostering growth is a perfect fit with PayPal’s mission to revolutionize the world’s financial system. PayPal’s hiring of Chriss shows the company’s dedication to staying ahead of the curve in a dynamic sector. Also, while preserving its status as a user-focused service. Furthermore, Chriss will take over as CEO on September 27, 2023, succeeding Dan Schulman after his lengthy tenure. After announcing his intention to stand down at the end of the year as CEO, Schulman’s departure was widely expected. Schulman, notably, will remain a PayPal board member until May 2024. Launching the stablecoin PayPal USD (PYUSD) shows how serious the corporation is about revolutionizing the digital payments industry. When PayPal first entered the cryptocurrency market, it made quite an impression. Paxos Trust, a crypto financial services provider located in New York City, issues PYUSD, a stablecoin backed 100% by U.S. dollar deposits, short-term Treasuries, and other cash equivalents. Highlighted Crypto News Today: $133 Million Worth of SAND Tokens Unlocked by The Sandbox

Bitcoin’s annualized 30-day price volatility is now at a record low of 15.5%. A clear break above the $29.68K mark will see price testing the $30K resistance level. The sudden surge from multi-month lows in the $25,000 range to fresh annual highs above $32,000 in BTC prices was sparked by the influx of new spot Bitcoin ETF applications from respectable financial institutions in June. However, according to statistics provided by The Block, Bitcoin’s annualized 30-day price volatility is now at a record low of 15.5%. In 2022, the digital asset’s 30-day volatility averaged 61.4% annually. This indicator has maintained a 2023 average of 43.8% so far. Falling trading activity, with barely $1.88 billion worth of BTC traded on Sunday across prominent exchanges, is consistent with the minimal volatility in price. Lack of Strong Catalyst According to CMC, the price of BTC at the time of writing is $29,319 and is up 0.70% in the last 24 hours. The price recently spiked all way to the $29.63K level. However, it quickly retracted. It faces minor resistance at the $29.68K mark. A clear break above this mark will see price testing the $30k resistance level. Source: CoinMarketCap The price had been consolidating for quite a while apart from a few occasional spikes. Traders can expect a bullish rally if the price manages to break over the strong resistance faced at the $30K level. On the other hand, in a recent interview with CNBC, Jay Clayton, a former chairman of the US SEC, argued for the legalization of a spot Bitcoin ETF. At first, he admitted that he had been dubious of the Bitcoin trading markets while he was head of the SEC. But he stressed that the Bitcoin market has “definitely” altered, citing widespread retail engagement in the market and the simple fact that “people want access to it.”

Michael Burry, renowned investor, and hedge fund manager, has once again made headlines with his significant short position in the traditional market, which could impact the nascent crypto industry if his bet is to materialize. Burry, known for accurately predicting the subprime mortgage crisis, recently went mega-short with over $1.6 billion in S&P 500 (SPY) and Nasdaq 100 (QQQ) puts. These indexes often record a high correlation with the crypto market as they attract similar investors. Burry’s $1.6 Billion Short Signals Potential Implications For Crypto Market Burry’s track record as an astute investor lends weight to his latest bet. By predicting and profiting from the subprime mortgage crisis, he gained a reputation as an investor capable of identifying market trends before they unfold. It is important to consider that Burry has established himself as a prognosticator who is often ahead of the curve and is willing to wait for the anticipated market changes to come to fruition. On this matter, Yan Alleman, co-founder of Glassnode, has supported Burry’s approach, suggesting that while the short-term effects may not be immediately evident, the long-term payoff is likely to be significant. Alleman also highlighted the potential impact of the US Dollar Index (DXY) on the cryptocurrency market, specifically Bitcoin. According to Alleman, the recent renewed strength of the DXY could exert pressure on Bitcoin. The DXY measures the value of the U.S. dollar against a basket of major currencies. On The Verge Of A Final Leg Up? As Burry predicts, a drop in the DXY could result in a significant surge in crypto assets, including Bitcoin, as investors seek alternative stores of value. This surge would represent a final leg up before a presumed deep correction across financial markets. While the correlation between the DXY and Bitcoin has been subject to debate, the potential consequences of Burry’s short position on the market cannot be ignored. If his prediction were to come true, it could trigger a domino effect, leading to a substantial downturn in traditional markets and a subsequent surge in crypto assets. Nevertheless, the implications for Bitcoin and the broader crypto market in such a scenario are twofold. On the one hand, Bitcoin has often been hailed as a digital store of value and a hedge against traditional market downturns. Burry’s short position on the market could reinforce this narrative, attracting more investors to Bitcoin as a safe haven asset. On the other hand, the cryptocurrency market’s extreme volatility could magnify the potential crypto bloodbath if Burry’s bet materialized. A sudden surge in selling pressure for Bitcoin and other cryptocurrencies, coupled with a widespread market correction, could result in a sharp decline in the crypto market, causing substantial losses for investors who entered the market at its peak. As the market unfolds in the coming weeks and months, all eyes will be on Michael Burry’s $1.6 billion short position and its potential impact on traditional markets and crypto. Only time will tell if Burry’s bet proves prescient once again or if the market defies his expectations, leaving investors to navigate the ever-changing landscape of investment opportunities. As of the current writing, Bitcoin (BTC) is trading at $29,300, indicating a marginal 0.3% decline over the past 24 hours. The cryptocurrency has continued to be in a consolidation phase since the start of August. Featured image from iStock, chart from TradingView.com

On-chain data shows large Maker holders have accumulated recently, a sign that the rally could extend soon. Maker Large Holders Have Continued To Expand Their Holdings Recently According to data from the market intelligence platform IntoTheBlock, inflows to the wallets of the large MKR investors have been taking place for a while now. The “large holders” here refer to those investors who hold at least 0.1% of the cryptocurrency’s circulating supply. In Maker’s case, this value would equal about $1.2 million. Thus, the only holders who would clear these criteria would be the sharks and whales, the largest entities on the network. These investors generally hold some influence in the market, as they can move many tokens at once. Thus, the behavior of this cohort could be worth watching, as it may reveal answers about where the asset might be heading next. One way to track the behavior of these humongous holders is through the “netflow” metric, which measures the net amount of MKR that these large investors are adding into or moving out of their combined holdings right now. When the value of this metric is positive, it means that a net number of coins is entering into the supply of these investors currently, suggesting that they are participating in buying. On the other hand, negative values could imply that this group may be selling as its members are transferring a net amount of the asset away from their wallets. Now, here is a chart that shows the trend in the Maker large holders netflow over the last few months: The above graph shows that the Maker large holders’ netflow has been almost entirely positive during the past few months. There were a few dips into the negative territory, but the net outflows weren’t significant in scale then. In the past few weeks, there haven’t been any drops below the zero mark, suggesting that the large holders have only continued accumulating more MKR recently. Something to note here is that a positive netflow doesn’t mean that there isn’t any selling taking place at all. Instead, it simply suggests that the accumulation is enough to cancel any distribution. In the past couple of months, the cryptocurrency has seen an overall uptrend, which could be a consequence of the net buying these investors have been participating in. Since this month has started, though, the asset has declined. Nonetheless, as the netflows have only remained positive throughout this decline, the large holders have been buying regardless. This conviction from these large holders can naturally be a positive sign for Maker, as the asset could potentially continue its rally soon. MKR Price At the time of writing, Maker is trading around $1,200, up 4% in the last week.

Users in Canada may utilize Interac e-Transfers thanks to Coinbase’s collaboration. Over 30% of Canadians want to purchase cryptos over the next 12 months as per poll. In order to better serve its Canadian customers, Coinbase has partnered with Peoples Trust Company to provide Interac e-Transfers. Coinbase wants to significantly increase its presence in Canada in light of the country’s crypto-friendly regulatory climate by providing free access to Coinbase One for 30 days, eliminating trading fees, increasing staking incentives, and providing 24/7 priority assistance. In a press statement dated August 14, cryptocurrency exchange Coinbase said it will be expanding into Canada and launching new services to show its dedication to Canada as a priority Go Deep market. Coinbase’s VP of International and Business Development, Nana Murugesan, stated: “Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework. As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency.” Eyeing Potential Growth Opportunities Moreover, users in Canada may utilize Interac e-Transfers thanks to Coinbase’s collaboration with Peoples Trust Company, a division of Peoples Group. Millions of Canadians will have easier and safer access to cryptocurrency transactions. Also, half of all deposits in the past month came from Canadian customers via the Interac e-transfer system, making it the most commonly asked-for feature. Since it is the second-most crypto-aware country for Coinbase’s foreign markets, the company intends to significantly increase its presence there. Also, according to a recent poll conducted by the Ontario Securities Commission (OSC), over 30% of Canadians want to purchase cryptocurrencies over the next 12 months. Highlighted Crypto News Today: Coinbase CEO Commits To Solve Coinbase App’s UX Issues

HBAR has soared with momentum after the US Federal Reserve adopted the Hedera Hashgraph-based Dropp micropayments platform. According to the announcement, Dropp is now on the list of service providers on Fed’s FedNow instant payment system. Following this news, HBAR’s market sentiment improved, causing a rapid price surge that propelled the token from $ 0.0561 to $0.06544. This represents an over 16% increase in the last 24 hours. However, HBAR price has crossed the overbought region, raising questions about how long the current rally can last. FedNow Adds Hedera Hashgraph-Powered Dropp To Its List Of Service Providers On July 20, the US Federal Reserve launched the FedNow instant payment system. This payment system allows banks and credit unions to transfer money for customers any time, any day, instantly. However, according to the latest development, FedNow adopted Dropp, a micropayment platform built on Hedera as a service provider. Dropp allows users to use micropayments for small-valued transactions in USD Coin (USDC), HBAR, and US dollars. Related Reading: SHIB, PEPE, APE Gain Against Bitcoin, Santiment Explains What This Means Adopting Dropp as a FedNow service provider implies that banks and other financial service providers can use the micropayment platform for real-time payments. This feat marks a milestone for Hedera as FedNow indirectly supports the token, granting the Hedera blockchain support from traditional finance companies. Similarly, Hedera is already benefiting from this partnership as its price has increased by over 16% in the last 24 hours. Also, Hedera garnered massive investor attention in the past week due to increased partnerships, such as South Korean automobile companies Kia and Hyundai, which have adopted Hedera’s infrastructure to track vehicle carbon emissions. HBAR Price Outlook; How Long Can The Bulls Hold? HBAR soared over 16% within a few hours after the FedNow support announcement. That brought the token’s seven-day price increase to nearly 17%. In addition, HBAR’s valuation is now 25% higher than its price 30 days ago. HBAR trades at $0.065, with a day high of $0.06625 and a low of $0.05046. One remarkable thing about HBAR’s performance is the massive surge in trading volume, which signifies increased network activity and investor interest. As of the time of writing, HBAR has recorded an over 1,219% surge in 24-hour trading volume, after securing its position as the highest-gaining cryptocurrency today. According to the daily chart, HBAR trades above two key support levels at $0.063035 and $0.06005. Moreover, the bulls have formed green bars above the support levels as they vie to push HBAR to higher highs. The Relative Strength Index is at 72. But while this signifies increased buying pressure, the sideways movement of the RSI graph suggests a weakening trend. So HBAR buyers have reached saturation and are probably about to lose momentum. Additionally, the faded green histogram bars show the buying demand for HBAR tokens has dwindled slightly. If this continues, the HBAR rally could stall, allowing the bears to push prices downward.

The Dream of Cleaner Air for All. In a world where blockchain technology began as a beacon of liberation but soon morphed into a race for swift gains, we see parallels in the real world where rapid progress often sacrifices the environment. Yet, amidst this landscape, certain understated projects shine, offering a glimmer of hope. They work quietly, without excessive hype, striving to transform our connection to the air around us. Rooted in principles of innovation and sustainable growth, AIRO isn’t merely a technological endeavor; it’s a deeply personal mission. AIRO’s inception stems from its founder, Calin Manta’s personal battles with allergies and hay fever. As a mechanical engineer with expertise in healthcare, computing, and blockchain, Calin recognized the profound impact of air quality on health, especially concerning allergies. His personal struggles, combined with a broader understanding of global air quality challenges, drove him to innovate solutions for a healthier future. While AIRO has yet to claim the spotlight in air quality monitoring, it stands out in a marketplace saturated with big-name consumer brands. As a boutique consumer electronics hardware start-up, AIRO quietly makes ripples in the vast ocean of technology. Its essence is anchored in dreams, challenges, and an absolute dedication to a more breathable tomorrow. Breathing Blockchain into Reality In the vast expanse of technological evolution, certain innovations stand out for their transformative potential. The AIRO A1 Air Miner is one such beacon, representing not just a product, but a paradigm shift in air quality monitoring. The A1 is a cloud-native solution that incentivizes users for capturing crucial air quality data. Tailored for both residential and commercial environments, this device provides a comprehensive suite of essential air quality metrics, including particulate matter, carbon dioxide, carbon monoxide, volatile organic compounds, temperature, humidity, and barometric pressure. Ensuring that the spaces we inhabit are filled with clean, breathable air is paramount. The AIRO A1, with its intuitive design, seamlessly integrates with Android and iOS applications. It actively alerts users about the air quality in their surroundings. Its built-in RGB LED transitions from a reassuring green to a cautionary red, indicating the safety levels of the air. Simultaneously, users receive customizable push notifications on their smartphones, alerting them of any elevated pollutant levels. Every AIRO A1 device contributes to a larger cause. As they transmit air quality readings to the AIRO Cloud Platform, a global map emerges, showcasing real-time, user-submitted data on air quality and pollution levels. This collective effort not only provides invaluable insights but also rewards contributors with AIRO Credits. Hence, the moniker “Air Miner” is apt, as it metaphorically ‘mines’ data to foster a healthier environment. Developed in Europe over the past two years, the AIRO A1 is the result of collaborative efforts from a team of engineers with backgrounds in healthcare, manufacturing, automation, and robotics. Through their collective expertise, they’ve engineered a device that integrates cutting-edge sensors, and, that isn’t just another gadget; it’s a groundbreaking leap in air quality monitoring. Regardless of whether you view it as an advanced Air Quality Monitor or as a reward system designed to instill better breathing habits through positive reinforcement, it stands as an invaluable partner in our shared pursuit of cleaner air. Breathing Value into Air Anchored in a meticulously crafted multi-layered sustainable economy, the AIRO token, set for a strategic release over 14 years and extended further by its circular economy, stands as the vital pulse of the AIRO ecosystem. More than just a cryptocurrency, it embodies a vision of sustainable growth and groundbreaking innovation. The token’s diverse utility offers users preferential rates on AIRO devices, service subscriptions, and unparalleled access to comprehensive air quality data, while also serving as the primary currency for the future Crypto Weather Exchange, WEX.CX, where people will be able to bet on air quality derivatives from various cities the same way they bet on the future price of Bitcoin. This will open up an innovative new market with provable real-life effects, a market that will unlock fresh liquidity and bring more parties checking the price of air in New York then checking the price of Bitcoin. The “Air Miner Ageing” innovation guarantees enduring efficiency and performance of the AIRO A1 Air Miner, fostering perpetual growth within the community. Coupled with a self-adjusting burn mechanism, it incentivizes long-term commitment and curbs fleeting profit-driven actions. Breathing Life into Our Mission At AIRO’s core is a groundbreaking ambition: to reshape the concept of passive income and pioneer a new era in air quality monitoring. Built upon the MultiversX blockchain, known for its carbon-negative footprint, lightning speed of 30K TPS, infinite scalability through Adaptive State Sharding, and cost-effective transactions at $0.05/tx, our ecosystem seamlessly merges state-of-the-art technology with tangible benefits. The AIRO A1 Air Miner introduces users to an innovative earning model, promising steady rewards from mining or staking. As we approach the inaugural mining day, set a month after delivering the first batch of A1 Air Miners exclusively to our crowdfunding supporters, early backers stand on the brink of a promising journey. To drive AIRO’s mission forward, we’re rallying the collective power of our community. Our crowdfunding campaign that will start on the 2nd of September beckons forward-thinkers aligned with our purpose. With a clear target, a crowdfunding hardcap of 100.000 USD, and a token price set at 0.02$ USD, considering a future market cap under 150K, this presents a multifaceted opportunity. Whether you choose to trade or use the AIRO tokens to acquire air miners, all AIRO proceeds will be channeled back into the DAO, ensuring market stability. Our aim is not just to raise funds but to amplify AIRO’s potential. By joining hands with us, supporters are not just placing a financial bet; they’re investing in a brighter, innovative future and securing a privileged opportunity to be among the first to own the Air Miners using $AIRO once the sale wraps up.. From our inception in May 2022, our journey has been a tapestry of innovation and determination. As we continue to forge ahead, we’re not merely seeking financial contributors. We’re calling upon visionaries to co-pilot this transformative expedition, ensuring that together, we breathe life into a cleaner, healthier, and more sustainable future. Follow AIRO: Website Twitter Discord Medium 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.

Bitcoin mining has been up by a considerable fraction this year, as the blockchain network recorded a new all-time high in hash rate in the second quarter of the year. Mining revenue is also up, as the bitcoin Bitcoin recorded a spike in transaction volume. As a result, Riot Blockchain, one of the largest publicly traded Bitcoin mining companies in the US, has recorded an increase in operations in the second quarter. According to its 2023 second-quarter financial results, the mining company recorded a new all-time record hash while ramping up its Bitcoin mining operations. Solid Second Quarter 2023 According to its financial report, Riot has seriously ramped up its Bitcoin mining operations. As a result, the mining company produced 1,775 BTC during the second quarter of 2023, a 27% increase compared to the 1,395 BTC it produced during that same period in 2022. In May 2023 alone, the company produced 676 BTC at an average of 21.8 BTC per day. The average cost to mine each bitcoin was $8,389, beating Q2 2022’s average of $11,316. Riot also witnessed an increase in mining revenue, as Bitcoin miners generated a remarkable total revenue of $2.4 billion. Although the price of Bitcoin during the quarter was 15% less than what it was in Q2 2022, Riot saw a total revenue of $76.7 million, as compared to $72.9 million in Q2 2022. Mining revenue ($49.7 million), engineering revenue ($19.3 million), data hosting revenue ($7.7 million), and power curtailment credits ($13.5 million) were also higher than in Q2 2022. Not only has RIOT’s revenue from bitcoin mining increased, but their actual bitcoin holdings have also grown substantially. As of June 30, Riot held 7,264 BTC with the price of each BTC at $30,477. In total, Riot finished the quarter with $408.4 million in working capital, including $289.2 million in cash on hand and $221.4 million in Bitcoin, while also reducing its net loss to $27.7 million compared to $353.6 million in Q2 2022. Increase In Bitcoin Mining Power Riot Blockchain also drastically increased its hash rate throughout the quarter, reaching an all-time record hash rate capacity of 10.7 EH/s. However, the company is also looking to enhance its computational power. During the quarter, the company signed a long-term purchase agreement with MicroBT to acquire 33,280 next-generation miners. With an expanded mining fleet and facility, Riot believes it can see its hash rate grow to 20.1 EH/s by the second quarter of 2024. Bitcoin mining is an energy-intensive process. However, Riot’s power strategy contributes to the stability of the energy grid in Texas at times of high demand by selling extra power back to the grid. At the time of writing Riot’s stock is up by 1.53% in a daily timeframe and 158.14% in the past six months.