Ethereum’s liquid staking sector has commanded explosive growth in 2023 as more investors look to benefit from the network’s staking rewards. Total ETH staked has risen in excess of 60% since the year’s open, meaning that more than $45 billion in ETH now helps to secure the network. This tremendous growth is undeniably impressive. However, staking yields have compressed significantly as a result, as yield is split between an increasing pool of participants. The novel sector of Liquid Staking Token Finance (LSTfi) has emerged in order to address this issue by delivering increased yield for users. Origin Ether (OETH) has claimed its place as the space’s largest LSTfi protocol in just two months, having generated a mammoth $82M in total value locked since launching in May. OETH’s robust architecture is primed to serve the growing demand for secure platforms that maximize ETH staking yield for users. The protocol’s yield aggregation continues to deliver outsized yields of ~8% even in the face of rapid scaling. Josh Frasher, Co-Founder of Origin Protocol, discusses OETH’s performance with pride. OETH’s rampant success evidences Origin’s unique approach to Ethereum yield aggregation. The Ethereum-based protocol is fully collateralized by reserves of ETH and blue-chip liquid staking assets: Lido Staked ETH, Rocket Pool ETH, and Frax Ether. Users can mint OETH by depositing any supported collateral. In exchange, users receive OETH, which can be traded like any other asset. Collateral deposited to the OETH treasury is deployed to premier DeFi platforms in order to generate yield for users. This multi-pronged approach is executed via Curve, Convex, and Morpho DeFi strategies to generate maximal returns. Thanks to OETH’s mechanics, the protocol has averaged nearly 8% APY over the past 30 days. Users continue to enjoy far higher yields than those observed by LSTs, which currently offer APYs of 3 to 5%. Origin Ether’s innovative solutions have addressed yield compression with seismic force. In doing so, the protocol has unlocked vast opportunities for liquid staking participants. The thousands of LSTs deposited to OETH over the last two months illustrate the increasing demand for highly efficient LSTfi platforms. Origin Ether is now the 2nd largest ETH yield aggregator on Ethereum, surpassed only by yearn.finance’s CRVSTETH vault, which delivers far lower returns. Achieving these milestones in a matter of two months emphasizes the strength of OETH’s value proposition, which continues to gain momentum in tandem with liquid staking adoption. By building at the forefront of what’s possible in DeFi, Origin Ether has cemented its standing as the market leader in LST yield aggregation. The platform’s unique ability to scale quickly without sacrificing yield further drives home OETH’s disruptive potential in the long term.

SEATTLE–(BUSINESS WIRE)–Bittrex, Inc. released the following statement today regarding the company’s settlement with the SEC: “We are happy to have resolved the SEC’s alleged $1.3 billion enforcement action for $24 million. Having announced that it would cease operations in the United States before the SEC filed its complaint, the company determined that it was in its best interest to avoid costly and protracted litigation that could cause significant delay to the conclusion of the chapter 11 bankruptcy process. Notably, the SEC’s complaint did not allege that any Bittrex customer suffered financial harm, and we expect all remaining customer claims to be paid fully in the chapter 11 process. The settlement, which was for a fraction of the money that SEC staff demanded before they filed their case, is on a neither admit nor deny basis. This settlement also resolves the action against Bittrex Global, allowing Bittrex Global to continue operating without any interruption of its business. We are disappointed that where we agreed neither to admit nor deny the allegations in the complaint, a term we are honoring, the SEC has decided to issue a press release contrary to the spirit of the settlement. It is telling that the SEC decided to settle this matter instead of addressing the arguments made in the defendants’ motions to dismiss (which is now withdrawn under the terms of the settlement, but still available on the public docket).” Contacts [email protected]

The world of cryptocurrency exchanges, often clouded with volatility and competition, has recently been witnessing a distinct shift in dynamics, particularly as a Kraken is taking the lead in the US altcoin trading space. The latest data reveals Kraken, the California-based crypto exchange, is now dominating its rivals, specifically Coinbase, in the altcoin market. Dominating The Altcoin Trading Landscape Data analytics from crypto research firm Kaiko has highlighted Kraken’s emergence as the premier US crypto exchange for altcoin trading. With significant shifts in market depth percentages and a notable increase in market share, Kraken appears to be carving out a niche for itself in an otherwise volatile industry. Market depth is a crucial metric for crypto exchanges as it represents an exchange’s capability to manage large buy or sell orders without causing drastic price changes. And according to recent data from Kaiko, Kraken now commands roughly 47% of the market depth for the top 10 altcoins. This dominance, especially in the wake of the previous year’s price drop and the unfortunate collapse of FTX, underscores the resilience Kraken has brought to the altcoin trading sector. While the entire crypto trading industry has been grappling with declining trading volumes, Kraken has managed to hold its own. A steady uptick in its market share is evident as it jumped from 8.3% in August 2022 to 21.1% in July, according to data from The Block’s dashboard. Behind Kraken Ascendancy Kraken reportedly attributes this upward trajectory to a few specific improvements in its offerings. Notably, the introduction of Kraken Pro, their advanced trading platform which rolled out in December, is believed to be a pivotal move. A spokesperson for the crypto exchange elaborated on the exchange’s recent performance, pointing out that their “share of total volumes has hit an 18-month high.” Furthermore, there’s been a significant surge in their share of EUR spot markets, rising from 35% to 53%, and the AUD spot markets have seen exponential growth, multiplying sixfold over the past year. Despite the laudable progress, it’s crucial to note that Kraken, like many others in the industry, has felt the effects of the industry-wide decline in trading volumes. Their monthly trading volumes have seen a dip from a high of $28.07 billion in March to $13.6 billion in the previous month. Featured image from Unsplash, Chart from TradingView

PARIS–(BUSINESS WIRE)–AMTD Group Inc. (“AMTD Group”), alongside with AMTD IDEA Group (NYSE: AMTD; SGX: HKB) (“AMTD IDEA”) and AMTD Digital Inc. (NYSE: HKD) (“AMTD Digital”), together as “AMTD”, announced their decision to set up a joint entity in Paris, France, to embark and focus on global strategies and developments of a multi-media, entertainment and cultures worldwide platform. The shareholdings will be split accordingly by among AMTD Group, AMTD IDEA, and AMTD Digital with AMTD Group as the controlling shareholder, and with closing being subject to customary conditions. Coinciding with the announcement, AMTD Digital also announced the migration of its headquarters and principal executive office to Paris, France. AMTD WME includes the following global media titles and regional platforms, movie and entertainment business, as well as cultural and social hubs: – L’Officiel Inc. SAS (Global Fashion Media): a 102-year-old French publication, currently reaching over 100 million users worldwide, represents one of the oldest fashion media publications of the world. With its distinct French voice, L’Officiel stands for elegance and sophistication across the world, and it has long been regarded as one of the world’s bibles of fashion. – The Art Newspaper (Global Art Media): a global art media authoritative platform, pending for closing conditions, represents an online and print publication that covers the international art world. Its unrivalled news and events coverage is fed by a network of sister editions, which together have more than 50 correspondents working in more than 30 countries, with editorial offices in Paris, Moscow, London and New York. The Art Newspaper has enjoyed its global reputation as the journal of record for the art world, and the leading voice of the art industry. – DigFin (Asia FinTech Media): a leading Asia media and contents company that operates an online journalism brand and a FinTech content agency. DigFin’s stories analyze business models in digital finance, FinTech, and digital assets, and it also leverages its expertise to generate high-quality, bespoke content for its clients. – Forkast Labs (Global data, media, and web3-infrastructure company): a strategic investment in Forkast.News, followed by a merger with CryptoSlam to form Forkast Labs. The purpose is to meticulously index the decentralized web, diligently organizing its abundant multi-chain data to enhance its usefulness through creative UI, empowering countless individuals to seamlessly join the thriving digital economy; while its esteemed team of journalists imparts data-driven clarity to the ever-evolving realm of web3. – Movie and entertainment projects and pipelines including Shock Wave 2, The White Storm 3 Heaven or Hell, Money Hunt, My First of May, Atonement, etc. – L’Officiel Coffee: L’Officiel Coffee represents a vertical extension for L’Officiel magazines, offering a unique experience to visitors, building an even stronger lifestyle community. This is also in line with AMTD’s “IDEA” group strategy’s “A (Asset)” business line to bring VIP experience and hospitality services to the world. L’Officiel Coffee was first opened at Promenade 49, Davos, during 2023 The World Economic Forum. A global rollout plan is in the process of execution. Dr. Feridun Hamdullahpur, chairman of AMTD IDEA and director of AMTD Digital, commented, “In our constant quest for innovation, growth and creating a better environment for all but, particularly for our clients and readers, we push the boundaries of what is already there; what is already know and think of new ideas and solutions. The joint creation of the AMTD World Media and Entertainment Group is one such initiative where the combined experience and expertise of three AMTD units are combined to create a unique new entity that will focus on building global strategies and developing multi-media, entertainment, and cultural elements worldwide. The new location of its headquarters in Paris, France is congruent with the vision behind the establishment of AMTD WME. I offer my warm congratulation to the executive leadership of the three AMTD units for their innovative vision and final execution of it.” About AMTD Group AMTD Group is a conglomerate with core business portfolio to span across financial services, digital solutions, media and entertainment, education and training, and premium assets. About AMTD IDEA Group AMTD IDEA Group, formerly known as AMTD International Inc. (NYSE: AMTD; SGX: HKB) represents a premier Asia financial institution and digital solutions group connecting companies and investors from Asia, including China and Hong Kong as well as the ASEAN markets with global capital markets. Its comprehensive one-stop financial services plus digital solutions platform addresses different clients’ diverse and inter-connected financial needs and digital requirements across all phases of their life cycles as well as hospitality and VIP services. Leveraging its deep roots in Asia and its unique eco-system — the “AMTD SpiderNet” — AMTD IDEA Group is uniquely positioned as an active superconnector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on Twitter at @AMTDGroup. About AMTD Digital Inc. AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform in Asia. Its one-stop digital solutions platform operates four main business lines including digital solutions services, digital media, content and marketing services, digital investments as well as hospitality and VIP services. It is the fusion reactor at the core of the AMTD SpiderNet ecosystem and empowers and integrates the various digital businesses within its ecosystem. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news. Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements pursuant to 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,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and AMTD Digital Inc., are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group and AMTD Digital Inc. with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group and AMTD Digital Inc. do not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contacts For AMTD IDEA Group: IR Office AMTD IDEA Group EMAIL: [email protected] For AMTD Digital Inc.: IR Office AMTD Digital Inc. EMAIL: [email protected]

San Francisco’s SoFi Bank, a rising financial institution with 6.2 million customers, has unveiled its substantial cryptocurrency holdings, demonstrating a proactive embrace of the evolving digital asset landscape. BTC, ETH, and DOGE Lead the Way A recent report shows that the bank’s second-quarter earnings totaled $170 million in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Among its cryptocurrency investments, SoFi Bank boasts $82 million worth of Bitcoin, solidifying its position in ‘digital gold.’ Ethereum follows closely, with $55 million, showcasing the bank’s belief in the blockchain’s potential. The meme-inspired Dogecoin takes the third spot with $5 million, while Cardano secures the fourth place with $4.5 million. The bank also diversifies with digital assets like Solana (SOL), Litecoin (LTC), and Ethereum Classic (ETC). SoFi Bank’s unique proposition lies in its commitment to fee-free cryptocurrency investments, allowing customers to allocate a portion of their direct deposits to digital assets. The bank further incentivizes newcomers by offering a $100 crypto bonus upon registration. With a minimum investment threshold as low as $10, the platform fosters accessibility to a variety of cryptocurrencies beyond Bitcoin. While SoFi Bank’s innovative approach to cryptocurrency has garnered attention, it faces regulatory scrutiny, particularly from the United States Federal Reserve. The regulatory body has raised concerns over the bank’s involvement in crypto-related activities, requiring alignment with established policies. The bank has been given until January 2024 to ensure compliance, a process that involves navigating regulatory capital treatment intricacies. Founded in 2011, SoFi Bank transitioned from its status as a non-bank entity in 2019 to a fully-fledged financial institution the following year. Strategic Growth And Financial Success The earnings report highlights SoFi Bank’s business acumen, reflected in its strong second-quarter performance. With a remarkable 37% surge in revenue ($498 million) compared to the previous year, the bank showcases its ability to thrive amidst a rapidly evolving financial landscape. SoFi Technology Stock also witnessed a 17% surge in July following its Q2 report. “As a result of this growth in high-quality deposits, we have benefited from a lower cost of funding for our loans,” SoFi CEO Anthony Noto said. SoFi is not the only bank that has made its way into cryptocurrencies. Major US banks like Wells Fargo, JP Morgan, and Goldman Sachs, among others, have also taken the plunge to provide access to digital assets and cryptocurrencies for their clients. Other notable entrants into the industry include BlackRock and ARK Invest, which have filed applications for Spot Bitcoin ETFs with the SECs. On August 13, the first of these, the ARK Invest application, will be deliberated on to be approved or rejected by the SEC. However, the regulator could also end up extending the deadline.

Blockchain and cryptocurrencies are shaping a new era of economics, and one player has quickly become a game-changer in the crypto arbitrage market within just one year since its creation on August 12, 2022. Meet CAT, short for Crypto Arbitrage Team, offering a safe way for people to make money from crypto arbitrage. According to projections from Coherent Market Insights, the global cryptocurrency market is expected to exceed a staggering $6.716 trillion by 2025, signaling the immense potential for growth and opportunity in this space. But what exactly is CAT and how does it work? CAT is a cryptocurrency arbitrage company that boasts a top team of 20 skilled professional traders, who capitalize on the price differences of cryptocurrencies across various exchanges. With the introduction of the revolutionary CAT Bot, the company can achieve profits ranging from 5% to 8%, while also helping its community in generating daily profits. Real-time transaction updates on our website ensure transparency and empower you to make the most out of your investments. So, what kind of returns can investors expect from CAT? In just one year of active operation, CAT has achieved impressive results, providing investors with stable and substantial profits ranging from 1.2% to 2.7% daily. These impressive results are achievable due to accurate market analysis, the smooth functioning of the professional team, the CAT bot, and the market’s capital liquidity. Moreover, CAT has introduced a highly attractive referral program that rewards investors with bonuses for referring others to the platform (up to 10% of the referral’s daily bonuses). Thanks to the ten-level bonus system, users have the opportunity to passively accrue additional profits! What achievements has CAT reached in its first year? Number of investors: More than 24,000 individuals from over 100 countries have already joined the CAT community Platform redesign: CAT has updated its website to make it easier to use. They’ve made changes to the site to make it more user-friendly and intuitive for people. Development of CAT Bot: Powered by a high-frequency trading algorithm, the bot identifies temporary price inefficiencies across exchanges, enabling it to execute profitable trades quickly. Total profit for investors: CAT has made a significant total profit of more than 1 million BNB (Binance Coin). Team expansion: The CAT Team has actively grown to improve the project continuously. Profit Calculator: CAT has introduced a profit calculator featuring an intuitive interface, simplifying the process of estimating potential earnings within a specified timeframe. Looking ahead, what does the future hold for CAT? Building on its triumphant first year, CAT is set to achieve even greater heights with its well-defined strategic goals: Attracting investment in the Crypto Arbitrage Fund: CAT aims to secure significant investments, starting ambitiously at $500 million by the end of 2023, with the goal of reaching $3 billion and beyond. This will enable increased trading volumes and further growth. Expanding the client base: The company aims to surpass 13.5 million CAT members globally by 2025, necessitating aggressive expansion into new markets and offering crypto arbitrage opportunities to a broader range of investors. Strengthening market position: CAT is determined to capture 3-5% of the total cryptocurrency market by 2025, reinforcing its commitment to leadership in the industry. Partnering with major companies: CAT will actively forge alliances with prominent crypto exchanges and insurance companies to provide investors with reliability and additional protection, critical elements for success. CAT Fund: A pivotal point in CAT’s evolution is the establishment of the CAT Fund, designed to scale operations and increase returns for all investors. Additionally, the team aims to develop the educational aspect, sharing valuable knowledge about the cryptocurrency market with the community. The goal and essence of Crypto Arbitrage Team is to build the largest and most independent crypto community in the world. CAT offers everyone a chance to grow their wealth while the crypto market develops, for at least the next 10 years. CAT is leading this change and inviting investors to be part of its incredible success story. Step into the future with CAT today and etch your name into its revolutionary history in the world of crypto arbitrage. Unleash your limitless financial potential by joining the Crypto Arbitrage Team – where user dreams come true: mycat.team

Within the select group of the top 100 cryptocurrencies at the moment, Rollbit Coin (RLB) stands out as the best-performing project. The token has impressively increased by an astonishing 113% in the last week alone, and its daily performance charts also show an equally impressive gain of 30%. Recent statistics highlight Rollbit’s impressive financial accomplishments, with its income topping $2 million in the previous day. A wide range of services, such as cryptocurrency futures, sports betting, and casino games, are responsible for this remarkable financial achievement. A significant amount of funds—net of related expenses—will be routinely and daily dedicated for the procurement of RLB as a direct result of this strong revenue stream. On A Roll – 94% Rally In The Weekly Timeframe At the time of writing, Rollbit was trading at $0.204, up a solid 30.3%, with an equally strong 94% increase in the last seven days, data from crypto market tracker Coingecko shows. The RLB token experienced a 7,850% increase year-to-date, rising from $0.002 to $0.159 in 2023. Although users should be aware of hazards, this performance emphasizes how technology and money have come together. The announcement of a big forthcoming change in the tokenomics of Rollbit’s native token, RLB, made by its pseudonymous co-founder “Lucky” on Tuesday raised interest and discussion in the community. Rollbit has distinguished itself as one of the most quickly developing crypto protocols this year. This tremendous growth is attributable to the company’s strong alignment with market demands and the positive acceptance of its product by traders and gamblers alike. Thriving Over The Years Lucky claims that because of the variety of its products, Rollbit has thrived over the past few years, “independent of market situations. Whether it’s Bull or Bear, our hybrid offerings have enabled us to provide steady income.” Since August 4, the RLB price had fallen below the $0.120 horizontal resistance zone. It attempted multiple unsuccessful breakouts throughout this time. On August 8, the price did, however, ultimately rise over the region. The breakout happened quickly, and the same day, RLB hit a new all-time high of $0.24. (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 Pillai Center

Binance CEO CZ raised his support for the self-custody wallets. Binance increased the maximum order limit for OTC trading across 16 cryptocurrencies. Changpeng Zhao, the CEO of the world’s largest crypto exchange, Binance, stated that he is supportive of self-custody wallets. Moreover, self-custody wallets are not without risks. Through this tweet reply, CZ raised his support for the self-custody wallets. On August 11, Changpeng Zhao replied to the tweet, mentioning that he is supportive of Self custody. A crypto writer tweeted that generating wallets using Libbitcoin’s Bitcoin Explorer, as described in the appendix to Mastering Bitcoin. Moreover, he added that if you do, your funds are at risk or have already been stolen. CZ tweeted that self-custody wallets are not without risks. He also explains that this vulnerability is due to random number generators using a 32-bit seed. That is not sufficiently random against modern cracking such as GPUs. Moreover, Trust Wallet and Binance wallets didn’t use this for seed phrase generation. Binance Increased the Trading Limits for SHIB Recently, Binance increased the maximum order limit for over-the-counter (OTC) trading across 16 cryptocurrencies and 37 trading pairs. The OTC trading portal allows investors to place large amounts of buy and sell directly without disrupting the market. The crypto exchange includes the dog-themed memecoins Shiba Inu and Dogecoin. And also added some popular cryptocurrencies Bitcoin, Ethereum, XRP, Polygon, BNB, Solana, and Litecoin to the list. According to the report, the exchange is continuously working to evaluate and increase high-quality assets and trading pairs on the OTC trading platform. The trading price of Shiba Inu (SHIB) has experienced a surge after Binance’s announcement. At the time of writing, the Shiba Inu trading price is $0.00001004, with an increase of over 3.08% in the last 24 hours. The trading volume of SHIB has experienced a surge of 3%, according to CoinMarketCap.

Solana Mobile, a subsidiary of Solana Labs, announced a significant 40% price reduction for its Saga smartphone, slashing the price from its initial $1,000 to a more affordable $599. This move comes just four months after the phone’s launch, sparking a flurry of reactions from the crypto community. The official statement from the company suggests that the price cut is a strategic move to foster wider adoption of mobile web3 and to enhance the user experience for the Solana mobile community. However, on-chain data paints a slightly different picture. According to data compiled by Flipside Crypto, sales of the Solana Saga have seen a sharp decline since their peak in April and May. This is evidenced by the number of Saga Genesis NFT mints, which are generated when a user sets up their Solana Saga smartphone and accesses the Solana app store. The chart below shows a clear downward trend of sales. Since June sales volume has been extremely flat after a successful May 2023. The price reduction has elicited mixed reactions on Twitter / X. While some early adopters expressed their frustration at purchasing the device at its original price, others defended the move, pointing out the benefits of being an early bird. Notably, early owners had the exclusive opportunity to mint Claynosaurz NFTs, which currently have a floor price of around 33 SOL on Magic Eden, translating to over $800. Solana (SOL) Price Analysis On the flip side, the Solana (SOL) token is in bullish territory. At the time of writing, SOL was trading at $24.38. A look at the daily chart shows that SOL was able to confirm the breakout from its downtrend channel on Monday after the price found support at both the channel’s trend line and the 200-day Exponential Moving Average (EMA). As a result of this bullish confirmation, SOL broke above the 50% Fibonacci retracement level at $23.94. For now, it looks like SOL can defend the level and make a new run towards the 61.8% Fibonacci retracement level at $27.42. Remarkably, on July 14, SOL reached its year-to-date peak of $32.36 and recoiled from the 78.6% Fibonacci retracement level. Subsequently, SOL dipped below the 61.8% Fibonacci level and couldn’t sustain a daily close above it. Given this context, the $27.42 price point emerges as the most pivotal resistance currently. Should a breakout occur, a clear path to the year’s high would be established. In this case, a bullish breakout seems imminent. However, strong profit taking can be expected around $32.36. If the yearly high falls, though, the bulls could target the 1.618 Fibonacci extension level at $56.86.

PLI surges 15.13%, attracting investors with real-world data integration. The RSI at 83 indicates a potential overbought condition amid bullish momentum. In the rapidly evolving landscape of blockchain technology, the Plugin (PLI) platform Operated on XinFin has emerged as a shining star. The platform’s recent surge in value, coupled with its innovative approach, has captured the interest of both seasoned and novice investors. At present, PLI boasts a price of $0.0961, reflecting an impressive 15.13% increase. This surge in value is paralleled by an uptick in trading volume, which has risen by 12.52% to a notable $148,773. These figures underscore the growing demand for PLI. PLI Price Chart, Source: TradingVolume What Should Investors Expect ? Analysts intriguingly suggest an underestimation of PLI’s latent potential, envisioning substantial value appreciation with its 60 million circulating supply. Early investors stand to benefit, leveraging its secure real-time data integration for smart contracts. Meanwhile, A closer examination of PLI’s daily price chart reveals a compelling trend. The platform’s price has consistently hovered above the short-term 50-day simple moving average (50 SMA), indicative of prevailing bullish sentiment. Notably, this critical level is positioned at $0.07832, underscoring the platform’s steady upward trajectory. The daily relative strength index (RSI), a key indicator of an asset’s market conditions, currently stands at 83. The high RSI signals an overbought condition, suggesting that a period of consolidation or correction could be on the horizon. In conclusion, Plugin (PLI) has taken center stage as a decentralized Oracle Platform with transformative potential. Its ability to seamlessly integrate real-world data with smart contracts has not only garnered attention but has also attracted a surge of investments.

The World App now has a reservation function to facilitate the acquisition of WLD tokens. Users must download World App in order to reserve their WLD. On Friday, Sam Altman’s Worldcoin announced a new feature that would enable anybody to reserve Worldcoin (WLD) tokens without first proving their identity. Due to privacy and security concerns, the crypto industry was initially reluctant to support Worldcoin, despite the company’s stated goal of creating the largest identification and financial network in the world. On August 11th, Worldcoin announced that the World App now has a reservation function to facilitate the acquisition of WLD tokens. Without verifying their World ID, users may still reserve WLD tokens. A simple trip to an Orb during the following year will allow them to get their reserved WLD tokens. Users must download World App in order to reserve their WLD. The next step is to place a reservation on WLD tokens when they become available, and then redeem them at an Orb following verification. Increased Scrutiny The price of Worldcoin (WLD) is $1.69, down 5.45% in the past 24 hours and 24.75% in the previous week as a result of several worries voiced by industry professionals. Due to security and privacy issues, some governments have initiated investigations into the Worldcoin initiative. Worldcoin is first experiencing difficulties in Kenya following probes throughout Europe. Prominent figures, like Ethereum’s developer Vitalik Buterin, voiced worries about Worldcoin’s privacy and security, calling attention to the Orb’s bad design, privacy, and security flaws, and the company’s questionable commercial actions. Concerned about the safety of user’s personal information, the Public Information Access Agency of Argentina launched an inquiry into Sam Altman’s Worldcoin initiative on Friday. The agency will also investigate the protocols’ usage and capacity for storing sensitive information. Highlighted Crypto News Today: Coinbase’s Layer-2 Blockchain Records 136,000 DAU Post Public Debut

Cardano (ADA) recently made waves as it brushed against the critical $0.30 resistance level. The significance of such resistance levels in the world of cryptocurrencies cannot be underestimated, as they often mark crucial junctures in the price trajectory of digital assets. Resistance levels serve as key markers on the price charts, indicating levels at which an asset faces heightened selling pressure. These levels are points where a substantial number of traders historically have chosen to sell their holdings, causing the price to temporarily stall or reverse its upward trajectory. Such zones are closely monitored by market participants and analysts alike, as they offer insights into the sentiments and actions of traders. A successful breach of a resistance level often signifies a potential continuation of the upward trend, while a failure to overcome this obstacle may lead to a period of consolidation or even a reversal. Cardano Recent Performance And Market Landscape As of the latest data from CoinGecko, Cardano (ADA) stands at a price of approximately $0.300341, reflecting a 1.5% decline over the past 24 hours. However, the past seven days have seen a modest 0.9% surge, indicating a relatively stable performance. Notably, ADA’s recent touch of the $0.30 resistance level has sparked interest among traders and investors, highlighting the psychological significance of this price point. Interestingly, ADA’s current reversal mode should not be seen as an unequivocal bearish signal. The broader crypto market is exhibiting signs of recovery, with several major cryptocurrencies showing renewed potential. Moreover, the absence of intense selling pressure suggests that the recent resistance encounter might not translate into an extended downturn. Sideways Trading In The Near Future Despite the intriguing movement around the $0.30 resistance level, it is plausible that ADA might engage in ongoing sideways trading within the wide range of $0.29 to $0.31, according to a recent price analysis. This is a typical pattern observed in the cryptocurrency market, especially during periods of uncertainty. Such a scenario could persist until the end of the month, with traders cautiously navigating the price fluctuations. Cardano’s journey to the $0.30 resistance level is a captivating development in the crypto world. While ADA currently grapples with a reversal mode, the overall market sentiment leans towards recovery. Understanding the dynamics of resistance levels and their implications is crucial for traders aiming to decipher ADA’s future price action. As the month unfolds, all eyes will remain on ADA and the wider crypto market to discern whether the sideways trading will give way to a more definitive trend. (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 CryptoGlobe

BTC continues two days of bullish momentum, touching $29,674. Bitcoin trading volume is lower than Tether after a 34% drop. Bitcoin, the pioneer cryptocurrency, has experienced bullish momentum over the past 48 hours. However, despite the positive trend, BTC has struggled to breach the significant $30,000 mark. Meanwhile, the release of the US Consumer Price (CP) data, which jumped to 3.2% in July, a lesser than expected 3.3%, led to a momentarily positive touch of $29,674, which retraced to $29,400 within a two-hour span. As the market turned red after this volatility, questions arose about the future direction of BTC’s price. Presently, the Bitcoin Price is trading at $29,368, displaying a slight decline of 0.42% in 24 hours. It fluctuated between a low of $29,336 and a high of $29,688.56. Also, the trading volume for Bitcoin has decreased by 34.19% and rests at $11 Billion. It fell below Tether (USDT) on the volume chart, according to CoinMarketCap. Where Is the BTC Price Headed? An examination of the daily price chart highlights a dip below the short-term 50-day simple moving average (50 SMA), emphasizing the prevailing bearish sentiment. The 50 SMA is currently positioned at $29,341. BTC Price Chart, Source: TradingView This key indicator is currently at $29,406. However, a sustained price decline below $28,861 could indicate a potential bearish phase. In such a scenario, the BTC/USDT pair may face further declines, with potential price targets at $26,000 and even $24,800. Market analysts project that Bitcoin’s next all-time high might occur roughly two years from the current date, assuming that the ongoing trend of volatility continues. Two critical factors play into this projection: Firstly, the Bitcoin halving event is set to take place in less than a year, potentially affecting the supply-demand dynamics that have historically influenced Bitcoin’s price movements. Secondly, the potential approval of Exchange-Traded Funds (ETFs) by regulatory bodies, most notably the green signal from investment giants including BlackRock, Bitwise, VanEck, and WisdomTree could significantly impact Bitcoin’s accessibility and trading volume. Adding to it, Recent insights from Bloomberg’s senior ETF analyst, Eric Balchunas, shed light on the global trading volume for crypto-related ETFs. Currently, North America accounts for a substantial 97.7% of all crypto ETF trading volume. However, if spot Bitcoin ETFs receive approval in the United States, this figure could potentially surge to an astonishing 99.5%. Conclusion As the dominant cryptocurrency continues its quest to breach the $30,000 mark. Its journey is influenced by a complex interplay of factors, including macroeconomic data, regulatory decisions, and market sentiment. While expert predictions offer insights into potential future scenarios, the market’s inherent unpredictability reminds us that Bitcoin’s path remains uncertain. Will BTC reach $30000 before the end of the year? Share your thoughts by tweeting us at @The_NewsCrypto

In the dynamic realm of crypto, groundbreaking innovation stands as the cornerstone. As novel blockchains surface, they usher in promises of accelerated transactions and heightened decentralization. However, the practical integration of cryptocurrencies into everyday life remains a pivotal challenge. Galobank emerges as the solution, poised to effortlessly bridge the gap between fiat and crypto, and usher in newcomers to the realm of decentralized finance (DeFi). What does Galobank hope to accomplish? Galobank embarks on a pioneering journey to establish a fintech institution underpinned by its proprietary EVM blockchain, hosted on the Polygon Edge network. This avant-garde blockchain seamlessly aligns with the Ethereum Virtual Machine (EVM), harnessing the GALO token as its indigenous currency. As a result, users can readily interface with the GALO blockchain through well-established wallets such as Metamask and Trust Wallet. While currently navigating the testnet phase, the Galobank team exerts unwavering efforts to seamlessly integrate their creation within the conventional banking architecture. This endeavor will empower users to harness crypto in their daily routines with unparalleled ease. Galobank will therefore act as a one-stop app that eliminates the convoluted process of converting USD to crypto, executing transfers to exchanges, trading between currencies, bridging gaps, and protocol investments. With Galobank, these intricacies transform into a streamlined and accessible experience. Put simply, Galobank endeavors to bridge the chasm between fiat and crypto, an issue that has lingered in the transformative crypto landscape for numerous years. Many individuals grapple with the challenge of interacting with cryptocurrencies and immersing themselves in DeFi protocols. Galobank offers an all-encompassing platform that harmoniously melds conventional banking with its EVM blockchain, rendering financial services more attainable and cost-effective. This ambitious venture is poised to crystallize into one of the year’s resounding successes. The reasoning behind this claim is deeply rooted in the necessities of crypto space. Crypto Necessitates Its Own Banking Paradigm To cement crypto’s stature as a commonplace financial system for a substantial percentage of the population, the imperative is to furnish accessible tools that facilitate its seamless integration into everyday life. Presently, options for covering daily expenses with crypto predominantly involve credit card transactions. Yet, challenges loom when it comes to executing transfers. The intricate process involves transitioning from crypto to fiat, navigating the constraints set by traditional banking, transferring fiat to personal accounts, and subsequently affecting payments. Galobank’s solution enables users to execute this process within their application swiftly, seamlessly, and cost-effectively. While seemingly straightforward, this innovation marks a momentous stride towards crypto adoption, empowering users to effortlessly settle daily expenses using cryptocurrencies. Empowering DeFi Accessibility Delving into the realm of DeFi, individuals face a formidable challenge. While enthusiasts marvel at the yields and possibilities inherent in DeFi, newcomers often find these prospects daunting to access. Consider the scenario of investing in a Fantom Chain protocol, a substantial endeavor. The convoluted journey involves purchasing crypto, establishing exchange accounts, executing wallet transfers, exchanging BTC for FTM, routing FTM to a Metamask wallet, trading tokens on a DEX like SpookySwap, and finally investing in the chosen protocol. Galobank introduces a revolutionary paradigm, namely a bank tailored for DeFi. Users seamlessly convert fiat to the desired token and directly invest in protocols. The process streamlines, catering to new users and attracting them with simplicity. In this way, as boldly proclaimed by the Galo project on their website, they are poised to become the bank crafted by crypto enthusiasts for the crypto sector. Galobank: Fusing Traditional Banking and Modern Services Galobank transcends conventional boundaries by presenting a spectrum of traditional banking services intertwined with innovative features. Foremost among these offerings is the provision of personalized, segregated IBAN/ABA accounts. This unique feature ensures user funds remain distinct from the bank’s overall balance, preventing liquidity pitfalls that have spelled the downfall of several financial institutions. Moreover, Galobank enables the storage and interconversion of funds across 18 distinct fiat currencies. Users can seamlessly send and receive transfers, while maintaining a comprehensive view of their financial activities and positions. Additionally, the institution offers a tiered credit card system, replete with varying percentages of cashbacks in $GALO, further enhancing the traditional financial experience. The synthesis of these elements culminates in a banking ecosystem that effortlessly integrates into the traditional financial framework. Empowering Crypto Enthusiasts with Galobank’s Crypto Services Galobank’s cutting-edge application empowers users to hold an extensive array of 260 cryptocurrencies and tokens. Trading, staking, sending, and receiving become intuitive actions within this comprehensive platform. Galobank’s all-inclusive model shatters barriers for individuals seeking both fiat and crypto services, unifying them under one accessible umbrella. Users can hence transcend the limitations of typical financial transactions as they can instead directly trade from fiat funds, purchase and interchange cryptocurrencies of choice, and seamlessly reconvert to alternate fiat currencies. This is the pinnacle of crypto enthusiasts’ aspirations, and Galobank strives to deliver it with independence and ease of access. Galobank ICO: A Gateway to Future Investments Embarking on its Initial Coin Offering (ICO), Galobank offers an enticing prospect for investors keen on harnessing the potent synergy of fiat and crypto services. The project’s meticulously outlined roadmap lays bare its developmental journey, shedding light on anticipated milestones and accomplishments. Investment in Galobank’s future is made accessible through the acquisition of $GALO tokens, purchasable using a diverse range of cryptocurrencies including BTC, ETH, USDT, BNB, BUSD, and USDC. This streamlined approach beckons investors to partake in the project. About Galobank Behind Galobank stands a team of seasoned experts boasting profound acumen in both technology and traditional finance, making them highly adept at navigating the complexities that emerge at the crossroads of these domains. The project’s official website comprehensively elucidates tokenomics, underscoring the functionality of the $GALO token within the Galobank ecosystem. These insights empower prospective investors to make well-informed decisions. From a vantage point, Galobank emerges as one of the most promising undertakings in recent memory, as it is an endeavor poised to usher in lucrative investment prospects. For additional information and regular updates, visit the aforementioned official website as well as the Twitter, YouTube, Discord, Telegram, LinkedIn, TikTok, and Reddit channels. 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 IWBDC is an Open Challenge Competition by the Indian ministry. The browser foresees crypto token support for digitally signing documents. Envisioning the crypto industry, India wants to explore more with the development of Web3. As per the press release from the Ministry of Electronics and Information Technology (MeitY) on Wednesday, the browser foresees crypto token support for digitally signing documents, which would further strengthen the security of online transactions and communications. On the 9th of August 2023, MeitY hosted a Launch Programme for the Indian Web Browser Development Challenge (IWBDC) at the India Habitat Centre in New Delhi. The IWBDC is an Open Challenge Competition aimed at motivating and enabling tech-savvy individuals throughout the nation to design a web browser that is both native to India and includes a trusted root certificate from CCA India. This has become a welcome move toward crypto adoption as there was no action from the government so far. Meanwhile, it has also been mentioned that crypto legalization is been opposed by Central Bank already. However, the Central Bank Digital Currency (CBDC) is being promoted by the Central Bank. Moving Towards Web3 The press release has included that the secured digital transactions can be built with the help of crypto tokens in the launch of the Indian Web Browser Development Challenge (IWBDC), a public competition creating indigenous web browsers. The announcement wrote: However, the Indian Finance Minister, Nirmala Sitharaman laid the base foundation on providing access to Unified Payments Interface (UPI) for crypto transactions back in May 2023. The Indian government wishes to support Web3 amid no clear regulations or laws regarding the crypto sector. Prolongingly, this could help the crypto industry with enhanced security measures while considering cryptocurrencies. And, the IWBDC launch allotted $0.4M for the winner of the challenge and the deadline for submission is July 1, 2024. Related Crypto News: Top Indian Crypto Exchange KoinBX Lists Worldcoin (WLD)

Dune Analytics recorded more than 136,000 daily users, the highest daily figure to date. Coinbase launched Base to the general public on Wednesday at 12 p.m. ET. The number of daily active users on Coinbase’s layer 2 blockchain has surpassed 100,000 only one day after the network’s formal debut. On August 10, the day after its public debut, Dune Analytics recorded more than 136,000 daily users, the highest daily figure to date. Base has been available for developers to try out for some time, but Coinbase launched it to the general public on Wednesday at 12 p.m. ET. On July 31, more than 60,000 people logged in for the first time, but on August 10, approximately 42,000 users were new to Base. CryptoRank, a website for analyzing the cryptocurrency industry, stated on August 10 through a Twitter post that Base is now ranked fourth in daily transactions per second among layer 2 solutions, behind zkSync Era, Arbitrum, and Optimism. New Revenue Source On February 23rd, the exchange released the beta version of Base. Many in the cryptocurrency world immediately hypothesized that Coinbase’s massive user base would make the platform a useful tool for bringing new users into the Web3 protocol ecosystem. The network’s mainnet version was released “for builders” on July 13, but the developers cautioned that it wasn’t ready for users just yet. At the moment, users of Base can do things like create an Ether-to-Base bridge, engage with a DEX, make payments via a web app, sign up for a “.base” username, and create a DAO. The exchange may now earn revenue from its own blockchain and, perhaps, from apps created on top of it, thus diversifying its potential revenue streams. Highlighted Crypto News Today: India Forays Into Web3 With IWBDC Competition Launch

Another crypto firm, Bittrex, bites the dust in the SEC’s continued clampdown on major players in the crypto industry amidst regulatory uncertainty. The regulator has been known to come hard at these crypto firms because it believes they aren’t toeing an almost non-existent regulatory framework. Bittrex Succumbs To SEC In a press release dated August 10, the United States Securities and Exchange Commission (SEC) announced that crypto exchange Bittrex and its former CEO William Shihara have agreed to a $24 million monetary settlement with the regulator. According to the statement, Bittrex’s international affiliate company Bittrex Global GmbH also agreed to settle the charge of failing to register as a national securities exchange. The SEC had alleged that the crypto exchange and its former CEO operated an “unregistered national securities exchange, broker, and clearing agency.” It argued that the exchange violated securities laws when it offered and allowed US investors to invest in crypto assets, which it deems as securities (The SEC has continued to allege that tokens like MATIC, SOL, ADA, and XRP are securities). Furthermore, the agency accused the firm and its former CEO of going as far as to cover their tracks in order to escape regulatory scrutiny. The SEC’s complaint stated Shihara directed token issuers, who wanted their tokens listed on the exchange, to remove “problematic statements,” which could lead any regulator to investigate whether or not the company offered and sold securities on the platform. The settlement news may come as a surprise considering many thought the SEC was going to experience a pushback from the crypto exchange. This is because Bittrex had earlier argued that the SEC had no authority to regulate tokens traded on its platform due to a lack of clear-cut law by Congress authorizing the regulator to do so. SEC Might Be Killing The Crypto Economy Besides Bittrex, the SEC is currently embroiled in legal battles against the world’s biggest cryptocurrency exchanges, Binance and Coinbase. Similarly, it accuses these exchanges of offering and selling securities on their platform without registering with the agency. While many may argue that the SEC is simply doing its job of protecting the interests of US investors, others may take a different point of view by arguing that the SEC is simply killing the Web3 economy in the country. For instance, Bittrex, before filing bankruptcy in the US, had earlier shut down its US operations due to “continued regulatory uncertainty.” This unfavorable regulatory environment is undoubtedly one of the reasons why some other crypto firms have also chosen to take their operations abroad instead of being domiciled in the US, especially with the fact that other countries are putting crypto-friendly guidelines in place on how crypto exchanges should conduct their operations. For this reason, Congress needs to step in and pass clear-cut laws that stipulate whether or not crypto exchanges fall under the purview of the SEC, and if yes, it needs to also address whether crypto assets are securities or not.

The Bitcoin landscape is no stranger to debates and predictions. Two dominant theories are currently at the forefront: the 4-Year Cycle and the Elliot Impulse Wave. However, a comprehensive analysis by the esteemed crypto analyst CryptoCon, suggests a fascinating intersection of these two theories. The Dueling Bitcoin Price Prediction Theories At the heart of the debate are two camps. The first, the 4-Year Cycle proponents, believe in Bitcoin’s 4-year journey from cycle tops to bottoms, with a predicted zenith in 2025. The second camp, the Elliot Impulse Wave advocates, are forecasting a powerful parabolic top either this year or by early 2024. CryptoCon’s meticulous analysis, which encompasses TA, on-chain data, market psychology, and more, offers a fresh perspective. “I believe it may be possible to see the best of both worlds for each group of thinkers,” he posited. A significant portion of the 4-Year Cycle theory hinges on the halving’s impact on Bitcoin’s price. “When the Bitcoin supply is reduced approximately every 4 years, this should trigger a supply decrease which causes price to rise,” CryptoCon elucidated. However, he also raised a counterpoint, noting the diminishing influence of miner supply output on Bitcoin’s price, especially given its current market size. Historical Parallels, Signals And Indicators CryptoCon drew attention to the 2011-2013 cycle, a period that didn’t adhere to traditional patterns. This cycle experienced both an early and a later top. Could this be a precedent for the current cycle? “Both of these groups of people seem to forget one particular cycle that seemingly defied all of the rules. 2011 – 2013,” he recalled. Two compelling signals were central to his analysis: the DXY Correlation Coefficient and the Vigor Signal. Historically, these have been precursors to a price parabola. “The parabola signal has triggered. This has been the start of every price parabola by definition,” he emphasized, underscoring their reliability. Historically, when Bitcoin has shown a low correlation with the US dollar, significant price movements have been observed. The November 28th Cycles Theory, rooted in the date of Bitcoin’s first halving, has also been a consistent predictor of Bitcoin’s price movements for a decade. It segments the Bitcoin price journey into four distinct phases: Green, Blue, Red, and Orange years (see chart below), each with its own characteristic price behavior. “With its level of accuracy, there’s no reason to expect it to fail this cycle. Telling us the true cycle top will come late 2025,” CryptoCon confidently stated. CryptoCon’s Trend Pattern Price Model, which uses patterns in angles degrees from cycle highs and lows to predict future ones, projects a price of $130,000 by the end of the November 28th Cycle’s Theory timeframe. He was quick to caution against over-reliance on fundamentals, stating, “Although many would say there is no limit to price with fundamentals, I think this is an absolutely ridiculous argument.” Converging BTC Predictions Synthesizing all this data, CryptoCon envisions a scenario where both the 4-Year Cycle and the Elliot Impulse Wave theories might harmoniously coexist. He anticipates an early top around April 2024, potentially reaching $90,000, followed by a mid-cycle bear market. The final top, he predicts, could touch $130k by late 2025. CryptoCon’s analysis, while detailed and comprehensive, also comes with a dose of humility. “This is what I believe is possible. Absolute? Hardly,” he remarked. As the Bitcoin community continues its fervent discussions, one thing remains clear: Only time will truly reveal the course Bitcoin’s price will take. At press time, the BTC price stood at $29,466.

Solana is attempting a fresh increase above the $25 resistance against the US Dollar. SOL price rally toward $30 if there is a close above $25.65. SOL price is showing positive signs above the $23.80 level against the US Dollar. The price is now trading above $24 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $23.10 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to move up if it clears the $25.65 resistance zone. Solana Price Starts Fresh Increase After a steady decline, Solana’s price found support near the $22.20 zone. SOL traded as low as $22.22 and recently started a fresh increase, unlike Bitcoin and Ethereum. The price climbed above the $23.20 and $24.00 resistance levels. There was a break above a major bearish trend line with resistance near $23.10 on the 4-hour chart of the SOL/USD pair. The pair climbed above the 50% Fib retracement level of the downward move from the $25.65 swing high to the $22.22 low. SOL is now trading above $24 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $24.85 level. It is near the 76.4% Fib retracement level of the downward move from the $25.65 swing high to the $22.22 low. Source: SOLUSD on TradingView.com The first major resistance is near the $25.65 level. A clear move above the $25.65 resistance might send the price toward the $28.80 resistance. Any more gains might send the price toward the $30 level. Are Dips Limited in SOL? If SOL fails to clear the $25.65 resistance, it could start a fresh decline. Initial support on the downside is near the $24.00 level and the 100 SMA. The first major support is near the $23.50 level. If there is a close below the $23.50 support, the price could decline toward the $22.50 support. In the stated case, there is a risk of more downsides toward the $21.20 support in the near term. Technical Indicators 4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $24.00, and $23.50. Major Resistance Levels – $24.85, $25.65, and $30.00.

Avalanche (AVAX) has found itself ensnared within a critical price zone, grappling with a lackluster trading volume that has hindered its price action. The coin’s journey has been fraught with challenges as market sentiment takes a bearish stance, casting shadows over its potential upward trajectory. The recent attempt at a bullish surge, stemming from the $11 support level, encountered a formidable obstacle at the $15.8 resistance level. This pivotal juncture proved to be an insurmountable barrier, leading to an abrupt price rejection. The consequence of this rejection has been instrumental in preserving AVAX’s bearish market structure, leaving traders and investors grappling with uncertainty. AVAX Long/Short Ratio Signals Predominance Of Sellers On closer examination of the trading landscape, the long/short ratio in the four-hour timeframe reveals a striking imbalance in favor of sellers. Data sourced from Coinglass paints a telling picture, with a staggering 56.5% of open contracts adopting short positions. This lopsided ratio serves as a clear indication that a significant cohort of market participants anticipates AVAX’s downward trajectory to persist, amplifying the prevailing bearish sentiment. The culmination of these factors has translated into AVAX’s current price of $12.46, as reported by CoinGecko. Over the past 24 hours, the cryptocurrency has experienced a modest decline of 0.6%, reflective of the prevailing market volatility. Furthermore, the seven-day trend highlights a marginal contraction of 0.2%, further underscoring the turbulent nature of AVAX’s recent price movements. Uncertainty Looms As Sellers Maintain Grip As AVAX navigates this challenging phase, uncertainty looms large over its immediate future. The lack of trading volume has left the cryptocurrency vulnerable to sudden and sharp price fluctuations, while the prevailing bearish sentiment continues to deter potential investors from entering the market. In this climate of uncertainty, all eyes remain fixated on the interplay between support and resistance levels., According to a recent price analysis, the token’s ability to transcend the $15.8 resistance level will likely dictate its trajectory moving forward. Should this barrier be breached, it could instill newfound confidence among traders, potentially mitigating the bearish grip that currently envelopes the market sentiment. AVAX finds itself at a critical crossroads, grappling with a lack of trading volume and a prevailing bearish sentiment. The recent price rejection has sustained the cryptocurrency’s bearish market structure, with the long/short ratio skewing significantly towards sellers. As AVAX treads cautiously through this uncertain terrain, the cryptocurrency community watches, eager to discern whether the current challenges will pave the way for a resurgence or further deepen its bearish trajectory. (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 Token Gamer