Base, the Ethereum Layer 2 rollup developed by crypto exchange Coinbase, is already making a name for itself in the market. The blockchain’s Total Value Locked (TVL) has been on a rapid rise over the last few weeks, rising triple-digits in just the last two weeks alone. So the question now is, what’s driving the TVL growth? Meme Coins, Rugs, And Newcomers Unlike other Layer 2 networks, Base seemed to have gotten its big break with the growing trend of meme coins being launched on the network. The most notable of these was the BALD meme coin which went from less than $100,000 in market cap to over $50 million in a matter of days. As the popularity of BALD ramped up, so did the popularity of Base and decentralized finance (DeFi) traders clamored to bridge to the blockchain. The rug deployer rugged the project not long after, making off with over $9 million in liquidity. Following this, there were speculations of former FTX CEO and founder Sam Bankman-Fried Nverbeing the mastermind behind BALD, although nothing came from these accusations. However, instead of the blockchain’s first big project rugging being a deterrent, it seems to have had the opposite effect. More developers have moved to launch their projects on the blockchain seeing the potential. This includes the likes of SushiSwap, Uniswap, and Compound, among others, which have all provided support for the Base network. New projects such as Alien Base, SwapBased, and Krav have also been gaining ground with their TVL growing rapidly during this time as well. So for Base, it has been able to turn a negative situation into a positive one. Base Joining The Layer 2 Blockchain Race In the last two weeks, the Base TVL has grown from $13 million to more than $130 million, data from DefiLlama shows. This represents an almost 900% increase in TVL during this time, making it the fastest-growing Ethereum Layer 2 blockchain in terms of TVL. Base’s rapid growth has already put it in the race with other Layer 2s. However, when put in comparison against other established Layer 2 networks, Base still has a long way to go. It is currently the 5th-largest Layer 2 in terms of TVL, lagging well behind the likes of Arbitrum, Polygon, and Avalanche. Nevertheless, Base’s bull case continues to grow with over $203 million already bridged to the blockchain and daily active users sitting above 100,000 over the last four days. Given Coinbase’s backing and Base’s growing popularity, it may not be long until it becomes one of the most prominent Layer 2 blockchains in the space.

Recent comments from former SEC Attorney John Reed Stark have further dampened optimism about the regulator approving any of the pending Spot Bitcoin ETF applications. Spot Bitcoin ETF Approval Looking More Unlikely The United States Securities and Exchange Commission (SEC) has continuously denied applications for a Spot Bitcoin ETF, and Stark has suggested that this trend isn’t going to change anytime soon as the SEC will likely deny all the pending applications due to several “compelling reasons.” While aligning his opinion with that of Better Markets, Stark stated that the arguments laid forward in the nonprofit’s letters to the SEC “brilliantly” highlighted why the SEC would not approve any of these applications. Better Markets had, in two separate letters (here and here) dated August 8, laid out arguments why the SEC should reject the proposed rule changes by the Cboe BZX Exchange and the Nasdaq Stock Market “to list and trade shares in Spot bitcoin-based exchange-traded products (ETP).” According to them, the Spot Bitcoin market is known to show inflated trading volumes due to illicit practices like market manipulation and wash trading. They argue that the markets are highly concentrated and Bitcoin’s network is maintained by a “select group of individuals and entities.” All this makes any proposed Spot Bitcoin ETP susceptible to manipulation by “bad actors” and puts investors and the public interest at risk. In their applications, these exchanges stated that CME Bitcoin futures, a regulated market of significant size, could provide the necessary data and insights relating to any fraud and manipulation in the Spot Bitcoin ETF market. Additionally, they had entered into a surveillance-sharing agreement with Coinbase as an extra measure to prevent fraud and market manipulation. However, Better Market has labeled these measures as “wholly inadequate.” They argue that the CME Bitcoin futures market is not a “regulated market of significant size” and the surveillance-sharing agreement with Coinbase is insufficient to prevent market manipulation. Is Crypto Regulation Now Political? Stark believes that the “crypto-regulatory tides could shift exponentially” once the US 2024 elections take place. He noted the political divide regarding crypto and how this has also played out in the SEC’s clampdown on the crypto industry. Related Reading: Bitcoin-Friendly Javier Milei Wins Presidential Primaries In Argentina The SEC has been known to come on hard at several crypto firms, including two of the world’s largest crypto exchanges, Binance and Coinbase, accusing them of securities violations. However, Stark predicts that the SEC will abandon this crypto-enforcement effort and focus more on mostly fraud cases should a Republican get elected as President next year. Although the elections are slated for November 2024 (long after the SEC might have decided on the pending Spot Bitcoin ETF applications), Stark has forecasted that a GOP-led administration could bring about the approval of a Spot Bitcoin ETF.

In the dynamic realm of Bitcoin, the ability to discern patterns and trends from raw data is invaluable. Glassnode’s latest report, “Exhaustion and Apathy,” serves as a beacon, illuminating the intricate nuances of the current state of the market. Let’s delve deeper into the numbers and their implications. Historic Lows In Bitcoin Volatility The overarching theme of Glassnode’s findings is the unprecedented stagnation in Bitcoin’s volatility. The data reveals that the digital asset has been trading within a remarkably narrow $29,000 to $30,000 range. Historically, Bitcoin has been synonymous with volatility, making this current phase an anomaly. The report underscores this by highlighting the Bollinger Bands’ tightness, noting, “The upper and lower Bollinger Bands are currently separated by just 2.9%.” Such constricted movement has been a rarity in Bitcoin’s tumultuous history. Meanwhile, the dynamics between short-term holders (STH) and long-term holders (LTH) offer a captivating narrative. Glassnode’s data indicates a significant shift in wealth between these two cohorts. The STH’s wealth has burgeoned by +$22B this year, while the LTH has witnessed a near-identical reduction of -$21B. This shift is not merely about numbers but also about market sentiment and strategy. The cost basis further elucidates this dynamic. The STH cost basis has surged by +59% YTD, settling at $28.6k. In stark contrast, the LTH cost basis lingers considerably lower, around $20.3k. This divergence suggests that recent market entrants might be paying a premium, potentially due to FOMO (Fear of Missing Out) or speculative behavior. Glassnode’s exploration into spending patterns in this low volatility environment is also particularly enlightening. The data suggests that in such periods, the majority of coins moved on-chain have a cost basis that hews closely to the spot rate, resulting in minuscule realized profits or losses. The Sell-Side Risk Ratio, a pivotal metric in this context, is languishing at an all-time low. To put it in perspective, fewer than 27 trading days (0.57%) have recorded a value lower than the current one, signaling a market teetering on the edge of a potential volatility resurgence. Segmented View Of BTC’s Supply The report’s segmented analysis of Bitcoin’s supply, based on ‘investor holding time,’ offers a layered understanding of market behavior. The ‘Hot Supply,’ representing the most active coins, constitutes a mere 2.8% of all invested value in BTC. This suggests a market dominated by holders rather than traders. The ‘Warm Supply,’ spanning from a week to six months, has seen a modest uptick year-to-date, now accounting for around 30% of Bitcoin’s wealth. This segment’s behavior is crucial as it often acts as a bridge between short-term reactions and long-term convictions. The ‘Single-Cycle Long-Term Holders,’ those entrenched in the 2020-23 cycle, are the behemoths, holding a staggering 63% of the invested capital. Their cost basis, as per Glassnode, stands at $33.8k, indicating an average unrealized loss of -13.3%. In juxtaposition, the classic LTH cohort, which includes the long-dormant and deep HODLed supply, boasts a cost basis of $20.4k, translating to an unrealized profit of +43.6%. This stark contrast underscores the lingering impact of the 2022 bear market and the cautious optimism of early adopters. In conclusion, Glassnode’s data-driven insights paint a nuanced picture of the Bitcoin market. The dominance of long-term holders, the historic lows in volatility, and the evident investor apathy all converge to suggest a market in a state of stasis. The numbers indicate a market that’s waiting, perhaps for a Goldman Foresees Q2 2024 Fed Rate Cut: A Boost For Bitcoin? or a significant event, to determine its next direction. At press time, Bitcoin was trading just above the 50-day EMA.

XRP has recently witnessed a remarkable surge in trading volume, with an impressive increase of $3 billion reported by Messari. This surge reflects the cryptocurrency’s enduring appeal, adaptability to market trends, and potential to disrupt traditional finance. Speculations abound about the factors driving this surge, sparking discussions on its implications for both XRP’s future trajectory and the broader cryptocurrency market. Despite this surge in trading activity, the expected correlation between volume and price failed to materialize, leaving market analysts puzzled by the intriguing phenomenon. The cryptocurrency market is no stranger to unexpected fluctuations, but the recent surge in XRP’s trading volume has brought forth a unique puzzle. Unlike the traditional market dynamics, where a surge in volume often corresponds with a significant price movement, XRP’s price remained relatively muted. This divergence has led experts to speculate that the surge in volume might not primarily represent genuine buying support for the asset. XRP Buyers’ Attempt To Reclaim Higher Ground In a separate report, it was highlighted that the XRP price had staged a minor recovery attempt from the $0.6 support level the previous week. In an endeavor to regain higher ground, the coin price exhibited a short-lived 11.4% jump, only to encounter immediate resistance at $0.665. The subsequent rejection candle at this crucial barrier spoke volumes about the prevailing market sentiment. Traders, it seems, are still inclined to sell on bounces, a strategy often observed in established downtrends. Over the course of seven days, the gains amounted to a mere 0.1%, underscoring the tenuous nature of the recovery attempts. Anticipating A Potential Turnaround Amidst the price volatility, a key question emerges: can the falling XRP price rally once more? If the price does indeed witness another surge in buying pressure that propels it to the $0.6 support level, it could signal a concerted effort by buyers to accumulate the asset at a discounted rate. All eyes are now on the critical resistance level of $0.665. Should the XRP price manage to break through this barrier, it could serve as the initial sign of a broader recovery trend. Market participants and analysts alike are closely monitoring these developments, seeking clues that could shed light on the elusive interplay between trading volume, price movements, and market sentiment. Meanwhile, XRP is currently trading at at $0.627, according to CoinGecko, unchanged in the last 24 hours, while exhibiting a modest 1.7% gain over the span of the last seven days. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from The State Farm Newsroom

Binance lists SEI Network’s SEI token Aug.15; 1.8B supply, $486M market cap. Aevo’s pre-listing futures shift to perpetual swaps post-SEI’s Binance listing Binance, a dominant cryptocurrency exchange, is set to list SEI Network’s native token, SEI, on August 15th. Preceding its debut, data from Aevo’s decentralized exchange’s pre-listing futures market indicates that SEI is expected to trade at 26 cents. Moreover, SEI Network plans to launch its mainnet and showcase SEI token listings on various exchanges, including Bybit, Kucoin, Bitgetglobal, MEXC, Gate.io, Kraken, and others. This move follows effective funding rounds that propelled SEI to the 36th position on Binance Launchpool, raising $35 million. Meanwhile, upon its listing, SEI’s circulating supply will comprise 1.8 billion tokens, out of a total supply of 10 billion. This distribution equates to an early market capitalization of $486 million, positioning it among the top 100 cryptocurrencies. And Sei will be airdropping 1% of the total supply to testnet participants. Also, The pre-listing futures market on Aevo, designed for tokens, awaits exchange listing. It will transition to perpetual swaps after SEI’s debut on Binance. These swaps will serve as reference points for the index price. And will introduce funding rates, facilitating payments between bullish long and bearish short positions. This mechanism aims to ensure alignment between perpetual and spot prices. Moreover, sources indicate that the futures contracts will use the dollar-pegged stablecoin USDC for margining and settlement. Finally, As the crypto community awaits SEI Network’s token listing, the involvement of prominent exchanges like Binance underscores the evolution of cryptocurrency trading practices.

LAS VEGAS–(BUSINESS WIRE)–$AP #29th_Annual—BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Company”), announced today that its metaverse platform, BitNile.com (the “Platform”), will be expanding its social gaming experience with the launch of Blackjack expected on September 1, 2023. BitNile.com believes that the popular casino game will increase revenue from the sale of in-world coins that are required to play its new and exciting Blackjack sweepstakes-based game. BitNile Metaverse previously introduced social gaming on the Platform with the release of roulette, offering users an opportunity to play for fun or real money prizes through a sweepstakes model. The introduction of coin packages in the Platform, which users can purchase in varying denominations, has generated a revenue opportunity for the Company. The Company looks forward to adding other games in the future that are currently under development. BitNile Metaverse, through its wholly owned subsidiary BitNile.com, Inc. (“BNC”), owns and operates the Platform. “We are very pleased to announce that BitNile.com will be launching Blackjack as a part of its social gaming experience. I am excited to see the team at BitNile.com harnessing its potential to generate significant revenue. More importantly, we are underscoring our commitment to deliver a rich, engaging metaverse experience. While it’s still early in our ramp-up cycle, there is tremendous potential for future growth. There is a world of opportunities yet to be explored,” stated Milton “Todd” Ault, III, Executive Chairman of BNC. Users can access and explore the early-access version of the Platform and receive updates by visiting https://BitNile.com. Sweepstakes are only open to residents of the United States (other than residents of Idaho and Washington) who are at least eighteen years old or the age of majority in their jurisdiction (whichever occurs later) at the time of entry. Participation is void where prohibited by law. About BitNile Metaverse, Inc. Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of BNC, including the BitNile.com metaverse Platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BNC, BitNile Metaverse also owns three non-core subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) indirectly; 100% of Zest Labs, Inc. directly; and approximately 89% of Agora Digital Holdings Inc. directly. BitNile Metaverse also owns approximately 70% of White River Energy Corp (OTCQB: WTRV). Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and BitNile Metaverse will not undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the acceptance of the Platform by individuals, competition with much larger companies operating metaverses and BitNile Metaverse’s ability to raise capital, investors should review risk factors, that could affect BitNile Metaverse’s business and financial results which are included in BitNile Metaverse’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, Forms 10-K, 10-Q and 8-K. All such filings are available at www.sec.gov and on the companies’ websites at www.BitNile.net. Contacts [email protected] or 1-800-762-7293

Dilys Cheng’s appointment as CEO of a crypto exchange is a groundbreaking step towards gender diversity in the crypto space. In an industry traditionally dominated by men, her ascent represents merit-based glass ceiling shattering and underscores societal progress. Her leadership signifies a paradigm shift, fostering innovation and inclusivity in the crypto realm. Coming from Nantou Taiwan, Cheng’s journey to CEO status faced unique obstacles. Her indigenous roots and personal drive fueled her trajectory. After excelling in education, she secured a role in a prominent bank, which became a turning point in her career. Cheng’s exposure to cumbersome traditional banking processes ignited her passion for streamlining financial ecosystems. This aspiration converged with blockchain’s potential, driving her mission. With a rich background in finance, Cheng leveraged her expertise in fiat exchanges and blockchain to revolutionize compliance in crypto exchanges. Her tenure as the former director of Asia Blockchain Accelerator displayed her prowess, aiding startups’ global expansion through blockchain adoption. Cheng’s visionary outlook aims to bridge compliance gaps while making crypto exchanges inclusive, user-friendly, and accessible. Gender equality is high on her agenda, considering the challenges women face in male-dominated spaces. Having faced these challenges herself, she champions work-life balance, meritocracy, and hybrid work models for women, enabling career and family. “It’s important that we advance culturally as a society, as we do technologically.”– Dilys Cheng, CEO of ZORIXchange Cheng’s leadership signifies not just gender empowerment but also highlights the significance of diversity for innovation. With her role, she encourages collaboration among varying perspectives and backgrounds, vital for navigating industry complexities. Her journey is a testament to cultural and technological advancement, inspiring change while making waves in the crypto world.

Bullish TON price prediction for 2023 is $1.479 to $1.971 Toncoin (TON) price might reach $3 soon. Bearish TON price prediction for 2023 is $0.886. In this Toncoin (TON) price prediction for 2023, 2024-2030, we will analyze the price patterns of TON by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency TABLE OF CONTENTS INTRODUCTION Toncoin (TON) Current Market Status What is Toncoin (TON)? Toncoin (TON) 24H Technicals TONCOIN (TON) PRICE PREDICTION 2023 Toncoin (TON) Support and Resistance Levels Toncoin (TON) Price Prediction 2023 — RVOL, MA, and RSI Toncoin (TON) Price Prediction 2023 — ADX, RVI Comparison of TON with BTC, ETH TOCOIN (TON) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Toncoin (TON) Current Market Status Current Price $1.41 24 – Hour Price Change 0.16% Up 24 – Hour Trading Volume $40,089,201 Market Cap $4,831,582,032 Circulating Supply 3,431,892,088 TON All – Time High $5.84 (On Nov 12, 2021) All – Time Low $0.3906 (On Sep 20, 2021) TON Current Market Status (Source: CoinMarketCap) What is Toncoin (TON) TICKER TON BLOCKCHAIN Toncoin CATEGORY Decentralized Layer-1 Blockchain LAUNCHED ON 2018 UTILITIES Governance, Fast Transactions, gas fees & rewards Toncoin (TON) is the native token of The Open Network. TON can pay transaction fees, settle payments, and validate transactions on the Toncoin blockchain, which uses the proof of stake (PoS) consensus model. The Open Network, or TON, is a decentralized layer-1 blockchain platform created by the cloud-based instant messaging service, Telegram. TON offers quick, cheap, and energy-efficient transactions. The Open Network is also renowned for its scalability, flexibility, and environmental friendliness. Toncoin 24H Technicals (Source: TradingView) Toncoin (TON) Price Prediction 2023 Toncoin (TON) ranks 16th on CoinMarketCap in terms of its market capitalization. The overview of the Toncoin price prediction for 2023 is explained below with a daily time frame. TON/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Toncoin (TON) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend. Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts. At the time of analysis, the price of Toncoin (TON) was recorded at $1.41. If the pattern trend continues, then the price of TON might reach the resistance levels of $1.431, $1.755, and $2.250. If the trend reverses, then the price of TON may fall to the support of $1.156. Toncoin (TON) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Toncoin (TON) in 2023. TON/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Toncoin (TON) for 2023. Resistance Level 1 $1.479 Resistance Level 2 $1.971 Support Level 1 $1.156 Support Level 2 $0.886 TON Resistance & Support Levels Toncoin (TON) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (TON) are shown in the chart below. TON/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Toncoin (TON) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $1.339Price = $.393 (50MA< Price) Bullish / Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 61.09 <30 = Oversold 50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Toncoin (TON) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Toncoin (TON) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). TON/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Toncoin (TON). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 28.835 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 50.47 <50 = Low >50 = High High volatility Comparison of TON with BTC, ETH Let us now compare the price movements of Toncoin (TON) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs TON Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of TON is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of TON also increases or decreases respectively. Toncoin (TON) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Toncoin (TON) between 2024, 2025, 2026, 2027, 2028, 2029, and 2030. Year Bullish Price Bearish Price Toncoin (TON) Price Prediction 2024 $3.8 $0.9 Toncoin (TON) Price Prediction 2025 $4.4 $0.99 Toncoin (TON) Price Prediction 2026 $5.1 $1 Toncoin (TON) Price Prediction 2027 $6.4 $1.2 Toncoin (TON) Price Prediction 2028 $7.7 $1.5 Toncoin (TON) Price Prediction 2029 $8.9 $1.6 Toncoin (TON) Price Prediction 2030 $9.5 $1.9 Conclusion If Toncoin (TON) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Toncoin (TON) price prediction for 2023 is $1.971. Comparatively, if unfavorable sentiment is triggered, the bearish Toncoin (TON) price prediction for 2023 is $0.886. If the market momentum and investors’ sentiment positively elevates, then Toncoin (TON) might hit $5. Furthermore, with future upgrades and advancements in the Toncoin ecosystem, TON might surpass its current all-time high (ATH) of $5.84. and mark its new ATH. FAQ 1. What is Toncoin (TON)? Toncoin (TON) is the native token of The Open Network (TON), a decentralized Layer 1 blockchain network. TON can pay transaction fees, settle payments, or validate transactions on the Toncoin blockchain using the proof of stake (PoS) consensus model. 2. Where can you purchase Toncoin (TON)? Toncoin (TON) has been listed on many crypto exchanges which include CoinEx, KuCoin, OKX, Gate.io, BingX, LBank and MEXC. 3. Will Toncoin (TON) reach a new ATH soon? With the ongoing developments and upgrades within the Toncoin Platform, TON has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Toncoin (TON)? On Nov 12, 2021, Toncoin (TON) reached its new all-time high (ATH) of $5.84. 5. What is the lowest price of Toncoin (TON)? According to CoinMarketCap, TON hit its all-time low (ATL) of $0.3906, On Sep 20, 2021. 6. Will Toncoin (TON) reach $3? If Toncoin (TON) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3 soon. 7. What will be Toncoin (TON) price by 2024? Toncoin (TON) price is expected to reach $3.8 by 2024. 8. What will be Toncoin (TON) price by 2025? Toncoin (TON) price is expected to reach $4.4 by 2025. 9. What will be Toncoin (TON) price by 2026? Toncoin (TON) price is expected to reach $5.1 by 2026. 10. What will be Toncoin (TON) price by 2027? Toncoin (TON) price is expected to reach $6.4 by 2027. Top Crypto Predictions Pepe (PEPE) Price Prediction 2023 Helium (HNT) Price Prediction 2023 Conflux (CFX) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Argentine libertarian Presidential candidate and Bitcoin enthusiast Javier Milei has shocked the world by emerging victorious in Argentina’s recent primary elections. The pro-Bitcoin advocate scored the majority of the votes, making a stinging win during the Primaries on August 13. Javier Milei Demolishes Electoral Competition Javier Milei, an outspoken Argentine economist, is known for his sharp criticism of traditional politics and his fervent support of cryptocurrencies, including Bitcoin. Due to this, previous poll predictions had stated that Milei would score no higher than third place in the recent elections. However, Milei decimated the August elections with a stunning display of voter support, accumulating over 30% of the 90% of votes counted. Milei leads the libertarian party, “La Libertad Avanza” and the party is dominating with 32% of votes. In comparison, Argentine presidential candidates like Patricia Bullrich in “Juntos por el Cambio” (Together for Change) party received 28.14% votes, and Sergio Massa in “Unidos por la Patria” (Union for the Homeland) party received 26.84% votes. From the onset, Milei has attracted the attention of the Argentine population through his outspoken support of cryptocurrency, lack of political interventions, and the abolishment of the country’s central bank. Milei has stated that the country’s central banks should be destroyed to eliminate corrupt political authorities that influence the country’s economy and inflation rates. He has also said that Argentina’s adoption of bitcoin cryptocurrency would help create a more stable and accountable government, reducing government bureaucracy and improving the country’s declining economy. “The central bank is a scam, a mechanism by which politicians cheat the good people with inflationary tax,” Milei stated. Argentina Grapples with Spiraling Economic Crisis The daily reality of the Argentine country is filled with significant growth fluctuations, high inflation, and a deteriorating GDP. Argentina’s inflation is the third highest in the world, following Venezuela and Lebanon. Reports also state that the country faces one of the worst economic crises since the depression from 1998 to 2002. Recently, Argentina has hit new record lows against the dollar weekly. Since the beginning of 2023, the Argentine peso has lost 24% in value against the dollar, resulting in black market rates selling one dollar for 500 pesos. Argentina is also in debt, owing the International Monetary Fund (IMF) an astonishing $44 billion. Milei’s approach toward adopting cryptocurrency triggers several governmental agencies, including the IMF, which strongly opposes Bitcoin cryptocurrency. Milei’s manifesto includes plans to dollarize the country’s economy, which aims to stabilize the country’s native currency. Argentina’s current economic crisis has also struck a nerve in Argentines, with many young citizens strongly supporting Milei’s views and commitment to free-market policies. Although Milei’s victory in the primaries is a positive step forward toward the general elections coming up on October 22, his success is not without controversy, as critics publicly oppose his policies and views. Milei’s win in the August primary election also does not guarantee a win in the general election. However, his victory has undoubtedly upended the country’s political system and sparked conversations about Argentina’s future.

Shiba Inu (SHIB), Pepe (PEPE), and ApeCoin (APE) have performed well against Bitcoin recently. Here’s what the memecoins’ profits mean. SHIB, PEPE, And APE Have Enjoyed An Uptrend Recently Bitcoin has been going through a major phase of stagnation recently as the number 1 cryptocurrency’s price has remained stuck between the $29,000 and $30,000 levels. Much of the other market hasn’t been all that different, either. Out of the few coins that have gone against the grain and have displayed some volatility. However, the meme coins have especially stood out. Shiba Inu, Pepe, and Apecoin, in particular, have all pulled away from BTC. Dogecoin (DOGE), the original meme coin, also saw bullish momentum earlier, but the asset has slowed down recently. Out of these assets, PEPE has been the best performer, as it has observed profits of about 22% within the past week. While Pepe’s weekly gains are certainly the most impressive of the bunch, the meme coin is actually in severe losses of 17% when considering the period of the past month. ApeCoin has risen by 12% in the past week, and while the coin isn’t in negative during the past month, its performance for the period is still only flat. Unlike these two assets with significantly smaller market caps, Shiba Inu has not only registered impressive gains of 16% during the past week, but it has also observed a massive 32% rise during the last month. The reason behind the solid Shiba Inu performance is likely to be the much-hyped Shibarium upgrade, which is expected to launch sometime later in the current week. Does The Memecoin Rally Hold Any Significance For The Greater Market? All in all, it’s clear that these three meme coins have been building up bullish momentum recently, and they have been doing so simultaneously. In a new insight post, the on-chain analytics firm Santiment has revealed that while these assets may be rising, their social volumes haven’t budged much. The “social volume” here is a metric that keeps track of the degree of discussion that an asset is receiving on the major social media platforms. When this indicator has a high value, it’s a sign that a large number of users are talking about the coin and that there may be FUD or hype present around the coin. In uptrends, this metric reaching very high values is generally not a good sign, as it shows that FOMO is on the rise among social media users, which is something that has historically had an opposite effect on the price and has led to top formations. Since these metrics have risen for SHIB and the other meme coins, it means that social media users haven’t been paying too much attention so far to the pumps that these cryptocurrencies have been going through. In the same post, Santiment also explains that the meme coins pulling away from Bitcoin have historically held significance for the entire sector. “This can often signal that the entire crypto market may be veering toward ‘overheated’ territory,” notes the analytics firm. Santiment also says that when SHIB and co. see isolated pumps, “it is often associated with greed and/or boredom from the crowd. And these two behaviors often have adverse impacts on the markets.”

The prices of Bitcoin (BTC) and Ethereum (ETH) remained “steady” over the past week. The altcoin season continues to persist as per date in the meantime. The popular crypto analytics platform Santiment highlighted the steady performance of Bitcoin (BTC) and Ethereum (ETH) over the past week. These largest market cap rank holders displayed no successful bounce from their apparent consolidation price ranges. Also, considerably BTC’s dominance is again below 50%. The Steadiness in BTC and ETH The largest cryptocurrency, Bitcoin (BTC), remains to maintain its price movement in the range of $29.3K to $29.8K since the last week. While the second largest — Ethereum (ETH) — experienced fluctuations within the consolidated range of $1.83K and $1.87K. Comparison of Price: BTC [Blue] vs ETH [Red] (Source: CoinMarketCap) This period of reduced volatility continues to display positive surges in the daily trading volume of these dominant cryptocurrencies. BTC recorded a daily trading volume of over $10.53 billion, after surging 73.64% in the past 24 hours. Meanwhile, ETH noted a surge of over 84.25% to attain a daily trading volume of $3.95 billion. Furthermore, the social volume has drifted to a drag of 10.8% in BTC and 23.04% in ETH, as per Santiment. Despite the steady movement of BTC and ETH, other altcoins ‘outside of the top 20’ market caps do register notable declines. Certain Altcoins Show Max Bullish Levels But out of numerous altcoins, most memecoins have achieved their max peaks in market capitalization. Particularly, Pepe (PEPE) reigns on top. This viral memecoin surprises the community with its daily trading volume displaying a rise of at least 40% every 24 hours. Pepe (PEPE) 24H Price Chart (Source: CoinMarketCap) In the last 24-hour window, the memecoin’s volume noted a surge of over 70%. At press time, PEPE traded at a price of $0.00000142 with a 24-hour gain of nearly 7%. The hyped memecoin community bets more on a bullish PEPE price prediction. The next top-performing altcoin was the Hedera (HBAR). Remarkably, HBAR is being spotted as the gainer of the day with a 14% surge in the last 24 hours. The jaw-dropping surge in this altcoin’s daily trading volume garnered great attention. As per CoinMarketCap data, Hedera recorded an increase of over 914% in its trading volume. Hedera (HBAR) 24H Price Chart (Source: CoinMarketCap) At the time of writing, Hedera’s (HBAR) price was at $0.06431 with a market cap of $2.11 billion and a daily trading volume of $179 million. In conclusion, such remarkable yet speculative pumps and the overall altcoin season continue to capture the attention of the crypto community.

Orbs, a Layer-3 infrastructure network for decentralized applications, has teamed up with Axelar Network to provide users an easy and secure option to bridge their ORBS tokens to other popular blockchains like Ethereum and BNB Chain. Previously, ORBS tokens could be bridged on other networks thanks to the Multichain cross-chain protocol. However, after “unusual activity” caused over $126 million in funds to be removed from its wallets, Multichain stated in June that the company had been forced to halt operations. While the circumstances leading up to Multichain’s fall are a mystery, the Orbs team has been hard at work looking for a solid replacement that would enable users to reliably bridge their ORBS tokens. Orbs swiftly developed the requirements for a new bridge provider for the community, requiring it to identify a reliable project that supports ORBS across all formerly supported chains and offers the best possible degree of security. With this criterion in mind, Orbs is delighted to reveal that it has now integrated with Axelar Satellite, which enables secure cross-chain communication for Web3 projects building multichain dApps that expand beyond a single blockchain ecosystem. Axelar uses the tried-and-true proof-of-stake consensus technique popularized by Ethereum, Cosmos, Polygon, and other industry leaders. By enabling inter-chain communication, multichain Web3 dApps may provide a uniform user experience across all supported networks and facilitate the quick transfer of assets across chains. The user-friendliness of Axelar Satellite’s interface is particularly noteworthy since it makes transferring digital assets across the many networks it supports a breeze. The bridge has enabled over 700,000 cross-chain swaps worth over $1.8 billion in transaction volume so far. Axelar’s regular security assessments ensure that its smart contracts and infrastructure are up to the high standards demanded by Orbs users. In addition, the Axelar codebase is entirely public and accessible through Github. Users may now securely bridge their ORBS tokens across Ethereum, BNB Chain, Avalanche, Fantom, Arbitrum, and Axelar thanks to Orbs’s integration with Axelar Satellite.

In a whirlwind of excitement and enthusiasm, the cryptocurrency community is excited with the meteoric rise of HarryPotterObamaPacMan8Inu ($XRP), a revolutionary and irreverent meme coin that has taken the market by storm. With an extraordinary 187X increase in value within mere three to four days of its launch, this “bullishly dumb” meme coin has not only defied expectations but has also established itself as a phenomenon that’s hard to ignore. As the name suggests, HarryPotterObamaPacMan8Inu ($XRP) is a playful blend of pop culture references, designed to inject a sense of fun and unpredictability into the world of cryptocurrency. Burn Factor Ignites Frenzy At the heart of the HarryPotterObamaPacMan8Inu project lies an unprecedented and electrifying burn factor. While meme coins are often seen as playful experiments, this token has set a new precedent by burning a staggering 10% of its total supply, equivalent to over a million dollars worth of tokens. What’s truly remarkable is that this burn wasn’t just orchestrated by the project’s team; the community has fervently joined in. Top holders have led the way by purchasing tokens and subsequently incinerating them, signaling a commitment to the project’s long-term potential. One user even torched a remarkable 70% of their acquired supply after investing a substantial 200 ETH. This “burn it to earn it” mentality has not only added a layer of excitement but has also illuminated the project’s organic growth. Exponential Pump Creates Shockwaves In a market known for its volatility, few could have predicted the astonishing surge that HarryPotterObamaPacMan8Inu ($XRP) has experienced. Within just three to four days of its launch, the token witnessed a mind-boggling 187X increase from its initial price. This meteoric rise has left even seasoned traders and analysts dumbfounded and serves as a testament to the undeniable allure of meme coins in the current crypto landscape. Polonniex Listing: A Major Milestone The excitement surrounding HarryPotterObamaPacMan8Inu ($XRP) reached new heights as the project achieved a significant milestone by getting listed on the renowned Polonniex exchange. This listing not only validates the project’s potential but also provides a solid platform for traders to engage with the token in a more established ecosystem. With the backing of a major exchange, the project is poised to further expand its reach and introduce the “bullishly dumb” concept to a broader audience. Community-Driven Approach What sets HarryPotterObamaPacMan8Inu apart is its vibrant and engaged community. Fueled by a shared enthusiasm for the project’s unconventional yet exciting vision, the community has played a pivotal role in its rapid rise. The burn events initiated by the community’s top holders showcase a level of dedication that’s rare in the crypto space. This commitment to the project’s growth is what truly defines the “bullishly dumb” spirit that HarryPotterObamaPacMan8Inu embodies. Looking Ahead As HarryPotterObamaPacMan8Inu continues to capture the imagination of the crypto community, the project’s future is shrouded in anticipation and curiosity. While the nature of meme coins might be seen as unpredictable, one thing remains certain: the project’s commitment to its “bullishly dumb” ethos is unwavering. Investors, enthusiasts, and curious onlookers are invited to join this roller-coaster journey, as the project seeks to challenge conventions and prove that sometimes, embracing the dumb can lead to brilliant outcomes. Visit https://hpop8i.com/ to learn more about HarryPotterObamaPacMan8Inu ($XRP) and join the conversation on Twitter and Telegram. About HarryPotterObamaPacMan8Inu ($XRP) HarryPotterObamaPacMan8Inu ($XRP) is a revolutionary meme coin that combines pop culture references with the exciting world of cryptocurrency. Embracing its “Bullish and Dumb” ethos, the project has gained rapid momentum, boasting a remarkable 187X increase in value within just a few days of its launch. With an active and engaged community, HarryPotterObamaPacMan8Inu is redefining the possibilities of crypto while celebrating both the playful and serious aspects of blockchain technology. Website | Twitter | Telegram | Uniswap | DEXTools 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.

Integration of Interac e-Transfers makes cryptocurrencies easily accessible to millions of Canadian customers TORONTO–(BUSINESS WIRE)–Today, Coinbase announced its Canadian expansion with a series of new offerings that demonstrate its commitment to Canada as a priority Go Deep market. Through its partnership with Peoples Trust Company, part of Peoples Group, Coinbase is now providing access to Interac e-Transfers® * to 100% of Canadian Coinbase users, making it secure and simpler than ever to move money in and out of your account. This will make cryptocurrencies more accessible to millions of Canadians. Interac availability was the most requested feature by Canadian users, and today’s news demonstrates Coinbase’s plan to build a platform that is for Canadians, by Canadians. Depositing funds to Coinbase using Interac is free and almost instant. In the last month, over 50% of deposits have been made through Interac e-transfer. Starting today, Canadian Coinbase users can also maximize the full potential of crypto with the best of Coinbase through membership with Coinbase One. Free for all users for 30 days, Canadians now have access to zero trading fees, boosted staking rewards, priority 24/7 support, and more. “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,” said Nana Murugesan, Vice President, International and Business Development, Coinbase. “As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency.” Coinbase sees Canada as its next Go Deep Market. Canada is the second-most crypto-aware country across Coinbase’s international markets, and an Ontario Securities Commission survey found that over 30 per cent of Canadians said they will buy cryptocurrency within the year, more than double those who say they currently own crypto assets. This presents a significant opportunity for growth in the Canadian market. These announcements are the latest of several commitments Coinbase has made to grow in Canada. In March, Coinbase signed an enhanced Pre-Registration Undertaking (PRU), and continues working with regulators and policymakers on a strong digital currency regulatory framework for Canadians. Hired Lucas Matheson as Coinbase’s Canadian Country Director. Lucas is passionate about the potential of cryptocurrencies to transform the financial landscape and wants to help make cryptocurrencies more accessible in Canada. Built a tech hub with almost 200 full-time employees who are helping build Coinbase products. This makes Canada Coinbase’s largest tech hub outside the U.S. Coinbase is also one of Canada’s largest crypto employers. Coinbase Ventures has been active across Canada, investing in several Canadian start-ups to promote local innovation and entrepreneurship, and develop technology that will advance the global crypto economy. Canadian portfolio companies include Dapper Labs, Minerva AI, Axelar, Horizon Blockchain Games, and Zapper. “At Coinbase, our mission is to update the financial system and bring greater economic freedom to the world,” said Lucas Matheson, Canada Country Director, Coinbase. “We’re thrilled to be leading this push and helping drive innovation in Canada’s financial system.” Supporting Quote From Peoples Group “Peoples Group is pleased to partner with industry leader Coinbase, to enable this money movement tool for their Canadian customers and expand payment possibilities,” said David Furlong, Chief Operating Officer of Peoples Group. About Coinbase Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to send and receive Bitcoin easily and securely. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. About Peoples Group Peoples Group has been providing a tailored suite of financial solutions and delivering world-class customer interactions, since 1985. We have grown substantial market share in the insured commercial lending space and are the leading issuer of prepaid payment cards as well as an innovative merchant acquirer. We are an entrepreneurial organization that excels at customizing solutions to fit the needs of our clients. As a trusted partner of many FinTechs, we have a proven track record of giving them the tools and guidance to realize their success. For more information, please visit peoplesgroup.com * Interac e-Transfer is a registered trademark of Interac Corp. Used under license. Contacts For media inquiries please contact: Amit Shilton, Senior Director, Corporate and Technology Agnostic [email protected]

In an unprecedented confluence of events, the Twitter account of the Ethereum token $AI, associated with the groundbreaking AI.com (ại.com) project, was suspended during a live spaces session, coinciding with tech luminary Elon Musk’s jaw-dropping acquisition of the ai.com domain for a staggering 10 million USD. This astonishing sequence of actions has thrust the AI.com (ại.com) project into the spotlight, igniting fervent discussions about the intricate interplay between AI, blockchain, and corporate influence. The Suspended Twitter Account: https://twitter.com/aidotcomcoin AI.com Token, the brainchild of a visionary team comprising engineers, AI enthusiasts, and innovators, has emerged as a game-changer in the realm of technology. By seamlessly integrating the limitless potential of Artificial Intelligence (AI) with the Ethereum blockchain, AI.com Token is ushering in an era of uncharted possibilities and groundbreaking applications. This synergistic union aims to revolutionize problem-solving, learning, decision-making, and the understanding of natural language. Unveiling AI.com Conceived and nurtured by a dedicated team of trailblazers, engineers, and AI aficionados, AI.com Token serves as a conduit that seamlessly merges AI capabilities with the Ethereum ecosystem. By transcending the conventional boundaries of AI research, the project introduces a new era of limitless applications and boundless possibilities. AI.com Token aims to surmount the obstacles faced by AI implementation, including privacy concerns, data transparency, and computational resources. This pioneering initiative tackles these issues head-on, solidifying the bridge between AI and blockchain. Key Features of AI.com Token Decentralized AI Marketplace: AI developers and researchers converge on the AI.com Token’s decentralized marketplace, fostering collaboration, innovation, and the secure sharing of AI models, algorithms, and solutions. AI Data Exchange: Leveraging the token’s prowess, AI.com establishes a decentralized data exchange. Data providers can now share, monetize, and preserve the sanctity of their datasets, amplifying data privacy. AI Research Funding: The platform pioneers AI research crowdfunding, empowering investors and token holders to propel groundbreaking projects while reaping the rewards of successful deployment. AI Model Validation and Governance: AI.com Token employs a community-driven validation and governance system. Token holders participate in model validation and decision-making, curating an impregnable ecosystem. AI-Powered Smart Contracts: The fusion of AI and smart contracts amplifies the platform’s versatility. Developers can now harness the potential of AI-powered automation, revolutionizing smart contracts. The Promise of AI.com Token Expert Systems: AI.com Token opens the gateway for expert systems, offering specialized knowledge and insights to fuel informed decision-making across various domains. Natural Language Processing (NLP): The platform’s NLP algorithms elevate chatbots, virtual assistants, and language translation services to new dimensions of accuracy and understanding. Speech Recognition: AI-powered speech recognition models enhance voice-activated systems, voice assistants, and transcription services, revolutionizing human-computer interactions. Machine Vision: Computer vision models within AI.com Token empower industries like surveillance, healthcare, and autonomous vehicles, redefining image and video analysis capabilities. Amidst the riveting developments surrounding AI.com (ại.com), the project stands resolute, propelling a future where AI and blockchain coalesce, revolutionizing the technological landscape. To stay informed about AI.com Token’s journey, follow them on their Telegram channel: https://t.me/aidotcomcoin.Website | Twitter(Suspended) | Telegram | Uniswap | DEXTools 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 CEO emphasized the significance of developing exceptional experiences. Armstrong pushed for user feedback on UX pain points and malfunctions. In light of the current Onchain Summer initiative, Coinbase CEO Brian Armstrong has called attention to usability difficulties in the Coinbase app for NFTs, Dapps, and L2. Armstrong’s tweet acknowledged the platform’s flaws and called for better experiences for users. Over the course of many weeks, Onchain Summer celebrates Base-based on-chain music, art, culture, and other things. According to Armstrong’s tweet, addressing the platform’s user experience (UX) problems is crucial to fostering change. He emphasized the significance of developing exceptional experiences for NFTs, Dapps, and L2s in order to harness the energy of Onchain Summer and motivate every person to confront the issues and make improvements. Banking on User Feedback It was claimed that Coinbase Wallet, a subsidiary of Coinbase, has made headway in resolving these challenges, albeit more work needs to be done. Armstrong claims that the company’s approach involves having employees test and use these capabilities in order to get a firsthand understanding of the user procedures. Armstrong pushed for user feedback on UX pain points and malfunctions in order to pinpoint problem areas that need immediate attention. He assured everyone that fixing these issues would be the company’s top priority and promised frequent updates over the following two weeks. Although the intricacy of blockchain technology might make app design more challenging, leading developers have stressed the need of maintaining an intuitive interface. They argue that blockchain technology’s flawless integration into everyday user interactions is crucial to its next level of general acceptability. Highlighted Crypto News Today: Insolvent Celsius Network Announces App Discontinuation

Shiba Inu (SHIB) has emerged as a star player in the face of tumultuous currents in the crypto market, signaling a potential game-changing move on the horizon. Bolstered by a robust 28% surge in price over the past eight days, SHIB is now at the precipice of what traders refer to as a “Golden Cross,” a technical pattern that could herald further significant gains. The Golden Cross, a term coined within the realm of technical analysis, is a pivotal point where a cryptocurrency’s short-term moving average crosses above its long-term moving average. This event is often perceived as a bullish signal by traders, indicating a potential shift in momentum from bearish to bullish. In the context of Shiba Inu, this development could mark a turning point, potentially opening the doors to substantial price appreciation. Current State of Shiba Inu The current market data reveals SHIB’s potential ascendancy, with its price hovering around $0.00001047 according to CoinGecko. Despite a slight 1.1% dip in the past 24 hours, the crypto has exhibited a commendable seven-day rally of 7.0%, underscoring its resilience and growing investor interest. In the three years since its inception, Shiba Inu’s journey has been marked by rising fervor, culminating in a staggering 3.54 million addresses, a statistic validated by IntoTheBlock. However, the recent surge in momentum is palpable, particularly in the last month, which witnessed an electrifying surge in activity. Notably, the number of new SHIB addresses has surged by an astonishing 115% on a weekly basis, indicating an unparalleled level of investor enthusiasm and anticipation. This trend shows no signs of abating, as the past seven days alone have witnessed a remarkable 14.18% increase in SHIB addresses. Shibarium: A New Age For SHIB Ecosystem All eyes are now fixated on the impending release of Shibarium, a long-awaited protocol set to debut as early as August 15 or 16. This impending launch is expected to be a watershed moment, reshaping the entire landscape of the Shiba Inu ecosystem. The anticipation surrounding Shibarium has undoubtedly fueled the recent surge, as investors eagerly speculate on the protocol’s potential impact. SHIB is at a critical juncture, teetering on the brink of a technical transformation with the Golden Cross pattern looming on the horizon. With its recent price rally and the mounting excitement surrounding Shibarium, the coming weeks could prove instrumental in defining SHIB’s trajectory in the ever-evolving cryptocurrency market. As traders and enthusiasts watch intently, SHIB’s journey continues to captivate with its twists and turns, promising both risks and rewards. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Lexica

The Celsius app will be shut down within the next 90 days as per the announcement. The platform is preparing to launch “NewCo,” a company owned by Celsius’ creditors. In a recent filing, Celsius Network said that its app will be discontinued. Celsius, which debuted in 2017, has been mired in financial and legal disputes as of late. Despite these difficulties, the corporation is beginning to see the light as it prepares to become a new organization known as “NewCo.” Many factors contributed to Celsius’s demise, but former CEO Alex Mashinsky’s arrest on fraud and market manipulation charges and subsequent investigation from the SEC were the last straws. Settlements of this magnitude have been reached in response to these threats, with the stated goal of redistributing assets to consumers and ending insolvency procedures. Strategic Restructuring Furthermore, as stated in the updated disclosure statement, the Celsius app will be shut down within the next 90 days. This decision was made while the platform is preparing to launch “NewCo,” a company owned by Celsius’ creditors and controlled by the Fahrenheit Group. Current Celsius app users have until the end of the 90-day withdrawal period to complete any withdrawals. After that time, they won’t be able to log in to the Celsius app or their accounts. Moreover, Celsius has promised to pay back its debtors, including participants in its partner programs. Taking into consideration swings in cryptocurrency values, the corporation intends to transfer at least $2.03 billion in cryptocurrency as part of its commitment. According to CMC, the price of CEL is down 0.62% in the last 24 hours and is now trading at $0.1612. Moreover, the trading volume has declined by 42%. Highlighted Crypto News Today: All Eyes on Shibarium, as SHIB Stays Above $0.00001 Resistance

The protocol stressed that collateral remained safe amid the ongoing investigation. PeckShield was among the first to identify the vulnerability on Curve Finance. After experiencing an assault on its “zStables” pools on Curve Finance, Zunami Protocol has warned users not to purchase any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins. On August 13, Zunami stated in a tweet that its stablecoin pools had come under assault. It also stressed that collateral remained safe despite the company’s ongoing investigation into the possible vulnerability. The protocol stated: Price Manipulation Assault PeckShield, a blockchain security company, attributes the theft of more than $2.1 million from Zumani’s Curve Pool to a problem with pricing manipulation. Ironblocks, another blockchain security company, also found this number. On August 13 at 10:47 UTC, PeckShield was among the first to identify the vulnerability on Curve Finance, and around 20 minutes later, Zunami verified it. The biggest Zunami stable pools are hosted on Curve, making it an ideal platform for the decentralized income aggregator protocol. The assault has affected both Zunami USD and Zunami Ether. PeckShield disclosed additional flaws on August 9 that might compromise DeFi projects. The business states that at least $287,000 in Ether was stolen due to a reentrancy attack on Aave’s Earning Farm. When an attacker repeatedly submits and then cancels a request for funds in an effort to convince the system to pay out more funds than it really has, this is known as a reentrancy attack. Highlighted Crypto News Today: All Eyes on Shibarium, as SHIB Stays Above $0.00001 Resistance

The journey of Cardano (ADA) toward reclaiming the $0.3 price level seems to be growing more challenging in the days ahead, as the cryptocurrency grapples with persistent bearish pressure. After successfully managing to hold the line at $0.3 during the latter part of July, the digital asset encountered a setback in early August when this crucial support level split, potentially paving the way for further price declines. The $0.3 mark not only signifies a March low but also acted as a pivotal resistance point during the months of June and July. This level demonstrated its resilience by transforming into a support level in late July and early August. Nevertheless, the breach experienced in early August did not immediately send ADA into a downward spiral. However, recent price analysis reveals a concerning development: a retest of this level followed by a price rejection has formed a bearish order block (OB) on the daily chart. Founder’s Jab At Ethereum Adds Intrigue Amidst ADA Struggles Meanwhile, Charles Hoskinson, the visionary founder of Cardano, has thrown shade at Ethereum, a primary rival in the cryptocurrency landscape. Hoskinson’s remarks were sparked by a video clip in which Ethereum developer Justin Drake commented on staking, likening it to sausage-making and suggesting that understanding the intricate process could lead to disillusionment. Hoskinson’s use of the colloquialism underscores his perspective on Ethereum’s staking mechanism. Some interpreted his comment as a candid critique of the opacity surrounding Ethereum’s staking process, hinting at potential undesirable aspects hidden beneath the surface. Ethereum’s own founder, Vitalik Buterin, has previously expressed reservations about staking Ether due to security and operational complexities, providing a backdrop to Hoskinson’s dig. Cardano Market Performance At present, ADA is trading at approximately $0.290, according to CoinGecko data. Over the last 24 hours, the cryptocurrency has remained flat, while its value has decreased by a measly 0.5% over the past seven days. As the broader cryptocurrency market continues to navigate through volatility, Cardano’s ability to regain its foothold at the $0.3 level remains a pivotal factor in determining its short-term trajectory. Cardano’s struggle to recapture this price level amidst ongoing bearish pressure is a matter of growing concern. The recent breach of this crucial support level, coupled with a bearish order block formation, underscores the challenges ahead. In addition, Hoskinson’s subtle critique of Ethereum’s staking process adds an intriguing layer to ADA’s narrative, as the cryptocurrency community keenly watches its path forward in a dynamic and evolving landscape. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Analytics Insight