Bittrex has agreed to settle with the SEC over the case of offering unregistered securities. The crypto exchange is delighted to have reached the settlement. The US-based crypto exchange Bittrex has agreed to settle with the U.S. Securities and Exchange Commission over the case of offering unregistered securities to U.S. investors. Moreover, the exchange agreed to pay $24 million to the SEC to settle the claims, according to a filing in Seattle Federal Court. On August 11, the Securities and Exchange Commission tweeted that the crypto asset trading platform Bittrex and its co-founder and former CEO, William Shihara, agreed to settle the charges. As a part of the settlement, the crypto exchange neither accepted nor declined the SEC allegations. U.S. regulators filed a lawsuit against the crypto exchange Bittrex and its former CEO, William Shihara, in April for selling unregistered securities. And also, the SEC claimed that the exchange’s foreign affiliate, Bittrex Global GmbH, has failed to register as a national securities exchange. A Bittrex spokesperson stated that the exchange delighted to have reached the settlement and would say more after the court approves the resolution.

Solana (SOL) stands out as a top performer, gaining 8.01% in the past 7 days and trading above $24. Solana outpaces rivals, witnessing a 15% surge in locked funds in the past month. In a week of volatile price action in the global cryptocurrency market, Solana (SOL) has emerged as a top performer, currently trading above $24 and possessing a significant 8.01% gain in the past 7 days. The coin’s recent surge has ignited speculation among investors, about the potential breach of the $30 resistance threshold. Also, SOL’s trading volume exceeded $359 million in the last 24 hours, and the coin’s rise has sparked speculation among investors about its potential to breach the $30 resistance level. Solana (SOL) TVL (Source: DeFiLlama) One of the driving factors behind Solana’s surge has been its remarkable growth in terms of total value locked (TVL). Notably outpacing its competitor, Ethereum. Solana witnessed a substantial 15% increase in the funds locked within its ecosystem just last month. This surge in locked funds has propelled Solana to climb the ranks, securing its position as the 9th largest chain in terms of locked assets, according to data from DeFi Llama. Recorded a remarkable leap from $205.11 million at the beginning of the year to $322.95 million at present. Solana (SOL) Will Hit $30? Solana’s (SOL) daily chart shows that the asset has traded positively in the past 24-hour market time. Bullish price action on the cryptocurrency indicates that it is trading above the Exponential Moving Average (EMA), signaling a potentially strong uptrend and positive momentum in its price. Solana (SOL) Price Chart (Source: TradingView) On the other hand, the Relative Strength Index (RSI) currently hovers at 57.74, suggesting a balanced between overbought and oversold conditions. As the RSI maintains this delicate balance, the crypto community remains on the edge of its seat. Awaiting further developments that could herald SOL’s ascent beyond the $30 threshold. According to CoinMarketCap, Solana traded at $24.64, soaring 2% in the last 24-hour and 12% in the past month. Highlighted Crypto News Shiba Inu’s Impact on Dogecoin Explored: Insights from Market Analyst

Ethereum price is correcting gains from the $1,880 zone against the US Dollar. ETH could spike toward $1,820 before the bulls attempt a fresh increase. Ethereum is moving lower from the $1,875 and $1,880 resistance levels. The price is trading below $1,850 and the 100-hourly Simple Moving Average. There is a bullish flag pattern forming with resistance near $1,855 on the hourly chart of ETH/USD (data feed via Kraken). The pair could drop toward the $1,820 support where the bulls might take a stand. Ethereum Price Dips Again Ethereum’s price struggled to clear the $1,880 resistance zone and started a downside correction. ETH slowly moved lower below the $1,850 pivot level, similar to Bitcoin. There was a drop below the 23.6% Fib retracement level of the key increase from the $1,800 swing low to the $1,876 high. The bears even pushed the price below the 100-hourly Simple Moving Average. Besides, there is a bullish flag pattern forming with resistance near $1,855 on the hourly chart of ETH/USD. Ether is now trading below $1,850 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,855 level and the channel zone. Source: ETHUSD on TradingView.com The first major resistance is near the $1,872 level. The next key resistance is near the $1,880 level. A close above the $1,880 level could increase the chances of a steady increase toward $1,920. Any more gains might send the price toward the $2,000 hurdle, above which the price could rise toward the $2,040 level or even $2,120. Downside Break in ETH? If Ethereum fails to clear the $1,855 resistance, it could continue to move down. Initial support on the downside is near the $1,840 level or the 50% Fib retracement level of the key increase from the $1,800 swing low to the $1,876 high. The first major support is near the $1,830 zone or the channel lower trend line. If the bulls fail to protect the $1,820 support, there could be a sharp decline. The next major support is near the $1,800 support level. Any more losses might send the price toward the $1,720 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,820 Major Resistance Level – $1,880

According to a Bloomberg report, Circle, a prominent player in the stablecoin market, strategically leverages its substantial cash reserves of over $1 billion to weather fresh competition from non-crypto giants like PayPal. The company’s market share of the second-largest stablecoin, USD Coin (USDC), has been declining, mainly due to factors such as Binance’s decision to reduce its usage of USDC. However, per the report, Circle remains optimistic about the future of stablecoins and aims to stem the decline while exploring new revenue streams and global expansion. Circle Relies On $1 Billion Cash Cushion The circulation of Circle’s USDC has witnessed a significant drop from $45 billion to approximately $26 billion this year, while Tether, the leading stablecoin, has experienced growth during the same period. Circle attributes part of this decline to Binance’s reduced utilization of USDC to promote its native token. Increasing competition from non-crypto companies like PayPal further intensifies the challenges for Circle. The company’s over $1 billion cash cushion provides a significant hedge against market headwinds. The company generates revenue primarily from interest income on assets backing the USDC, including dollar deposits and short-term Treasuries. According to Bloomberg, Circle’s strong financial performance is “evident,” with revenues exceeding $779 million in the year’s first half. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $219 million in the same period, exceeding the 2022 full-year figure of $150 million. Circle’s CEO Remains Bullish On Stablecoins While acknowledging the impact of “tail-risk events” on USDC adoption, Circle’s CEO, Jeremy Allaire, remains optimistic about stablecoins’ mainstream potential. Allaire believes that increasing competition, such as PayPal’s recent entry into the market, will drive more financial services and internet payment firms to embrace stablecoins. Circle is actively pursuing partnerships to promote the broader adoption of USDC and plans to enhance transparency by regularly sharing financial reports. Moreover, the company has engaged Deloitte as its auditor. Allaire anticipates that stablecoin issuers will face greater scrutiny and regulatory standards in the coming years. With regulators tightening control over stablecoins globally, he predicts that entities unable to meet these standards will be crowded out of the mainstream market. Nevertheless, Circle remains confident in its ability to adapt and benefit from the evolving regulatory environment. Despite potential interest rate declines, Circle expects increased crypto activity, positioning the company for further growth. Circle is leveraging its substantial cash reserves to navigate market challenges and competition from non-crypto players. Despite declining market share, Circle remains focused on expanding revenue streams, promoting wider adoption of USDC, and embracing transparent financial reporting. With the regulatory landscape evolving, Circle aims to meet the highest standards and thrive in the stablecoin market, positioning itself for long-term success. Conversely, USDC currently boasts a market capitalization of approximately $26.17 billion, securing its place as the sixth-largest cryptocurrency by market cap, according to CoinMarketCap data. This figure represents a minute 0.37% of the total cryptocurrency market, indicating the stablecoin’s steady performance despite the highly dynamic nature of the crypto space. With a circulating supply of 26.17 billion USDC tokens, the stablecoin has established a robust presence in the market. Furthermore, USDC’s trading volume has surged, reaching an impressive $3.03 billion in the past 24 hours. This substantial trading activity positions USDC as the fourth most actively traded cryptocurrency, evidencing its liquidity and attractiveness to market participants. The 24-hour trading volume to market cap ratio stands at 11.59%, reflecting the strong liquidity and market depth of USDC, which further contributes to its stability and utility. Featured image from Unsplash, chart from TradingView.com

Bitcoin price is moving lower from the $30,200 zone. BTC is signaling a fresh decline and there is a risk of a drop toward the $28,500 support. Bitcoin is struggling to remain in a positive zone above $29,200. The price is trading below $29,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $29,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it breaks the $29,200 support zone. Bitcoin Price Trims Gains Bitcoin price faced another rejection above the $30,000 resistance zone. A high was formed near $30,190 and BTC reacted to the downside. There was a move below the $30,000 and $29,800 levels. The price declined below the 50% Fib retracement level of the key increase from the $28,628 swing low to the $30,190 high. It seems like the bulls are now putting up some fight near the $29,300 zone. Bitcoin is now trading below $29,500 and the 100 hourly Simple moving average. There is also a connecting bearish trend line forming with resistance near $29,450 on the hourly chart of the BTC/USD pair. If there is a fresh increase, the pair could face resistance near the 100 hourly Simple moving average at $29,400. Source: BTCUSD on TradingView.com The next major resistance is near the trend line and $29,500. A close above the trend line could start a decent increase toward $30,000. To spark a steady uptrend, the price must settle above the $30,000 resistance. In the stated case, the price could rise toward $31,200 or even $32,000 in the coming days. More Losses In BTC? If Bitcoin fails to clear the $29,500 resistance, it could continue to move down. Immediate support on the downside is near the $29,320 level. The next major support is near the $29,220 level or the 61.8% Fib retracement level of the key increase from the $28,628 swing low to the $30,190 high. A downside break below the $29,220 level might spark bearish moves. In the stated case, the price could revisit $29,000. Any more losses might call for a move toward the $28,500 level in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $29,220, followed by $29,000. Major Resistance Levels – $29,400, $29,500, and $30,000.

Despite today’s macroeconomic developments, the price of Bitcoin continues to move sideways and seems likely to stay on this path. The number one crypto by market cap has seen its volatility drop to fresh lows as its price is trapped at current levels. At the time of writing, Bitcoin trades at $26,600 with sideways movement in the last 24 hours. Over the past seven days, the cryptocurrency has recorded some profits but has been unable to break above or below the $28,000 to $30,500 range. A New Normal For Bitcoin? Volatility Likely To Decline Until This Changes Analyst Dylan LeClair pointed out that operators in the derivatives sector have dominated the current Bitcoin price action. In that sense, the BTC spot-to-derivative trading volume ratio followed volatility and declined to all-time lows. As seen in the chart below, this ratio shows that the spot market has been suppressed by the derivatives sector, with traders “chopping each other to oblivion.” LeClair stated the following: With the U.S. Federal Reserve (Fed) out of session until September and low uncertainty in the short term, the price of Bitcoin seems poised to keep chopping around its current levels. In this environment, derivatives traders will likely profit from selling volatility via different financial instruments. Data from the derivatives platform Deribit shows an uptick in call (buy) contracts on the options sectors for October to December expiry. A report posted by this platform from Rogue Trader Academy highlights the need for a catalyst to push BTC out of its current range. The market is positioning itself for a Bitcoin spot Exchange Traded Fund (ETF) approval in Q4, 2023, thus why players on the options markets are accumulating calls. Selling volatility has been a profitable strategy in July. Still, as the metric hovers around historical lows, traders become more resilient to dump their contracts on the derivatives sector, further suppressing BTC’s price. Rogue Trader Academy stated: In this low volatility, low liquidity environment, only a catalyst will push BTC beyond $30,000 and beyond $40,000 by the end of the year. Something seems apparent in this context: Bitcoin seems ahead of any bullish narrative and likely to outperform in the sector for the remainder of 2023. Cover image from Unsplash, chart from Tradingview

Dogecoin has been one of the cryptocurrencies to watch in the past few weeks. However, the token’s price appears to be slowing down after recording significant bullish momentum. Interestingly, there might be renewed optimism around the DOGE price, as a crypto analyst has offered insight on what to expect from the meme coin in the coming weeks. Dogecoin To Experience A 20% Price Rally? On Thursday, August 10, crypto analyst Ali Martinez shared data from IntoTheBlock, suggesting that DOGE might witness a positive price movement soon. This suggestion is based on the similarities in the price history of both Shiba Inu (SHIB) and Dogecoin. According to his post on X (formerly Twitter), there is a “strong” positive correlation of 0.74 between the two meme coins over the past two months. This indicates that when SHIB’s price shifts, the price of DOGE often moves in the same direction. Interestingly, this hasn’t happened in the past few days, as the DOGE price has not taken significant action. The value of SHIB, on the other hand, has surged by 22% in the last seven days. However, Ali Martinez noted that “given their high correlation coefficient,” a bullish price movement might still be on the horizon for DOGE. So, investors might want to keep a keen eye on the token’s performance in the coming days. DOGE Price Stuck In A Range – Price Overview Dogecoin has struggled to maintain the momentum garnered from Elon Musk’s support a few weeks ago. The meme coin has been trading mainly within a range since then, recording a mere 3.1% gain in the past week. After reaching a 7-day high of $0.07658 on Saturday, August 5, the DOGE price shed all its gain to trade below $0.073. However, the token’s price is back up, hovering around its weekly high. This price action underscores the meme coin’s unsuccessful attempts at breaking the $0.08 resistance level. DOGE trades about 5.5% down from the significant $0.08 zone after failing to breach it on July 31. As of this writing, the Dogecoin price is $0.075739, having leaped by 0.3% in the last 24 hours. With a nearly $10.7 billion market cap, DOGE ranks as the 8th-largest cryptocurrency. CoinGecko data reveals that there has been a substantial boost in DOGE’s market activity, with a 17.6% increase in its daily trading volume. The cryptocurrency currently has a 24-hour trading volume of over $430.2 million.

In a strategic move to bolster the decentralized finance (DeFi) sector, Binance Labs, the venture capital and incubation arm of Binance, has committed a substantial $5 million investment in Curve DAO Token (CRV). The Ethereum-based CRV token is the backbone of the Curve ecosystem, which has established itself as the largest stable swap and second-largest decentralized exchange (DEX). Curve and Binance’s BNB Chain Forge Strategic Alliance As part of the partnership, Curve will explore the deployment of its protocol on the BNB Chain, the thriving ecosystem powered by its native token, BNB. This strategic alignment aims to leverage the strengths of both platforms, further fueling the growth of DeFi on the BNB Chain. Yi He, Co-Founder of Binance and Head of Binance Labs, expressed enthusiasm about the collaboration, stating: Curve Founder, Michael Egorov, acknowledged the significance of the collaboration, stating: According to Binance Labs’ announcement, Curve’s Automated Market Maker (AMM) platform has revolutionized liquidity provision in DeFi, offering hundreds of incentivized liquidity pools with low slippage and transaction fees. With the support and strategic investment of Binance Labs, the protocol seems poised to accelerate its mission to transform DeFi by increasing liquidity, reducing transaction friction, and expanding its ecosystem. Is Cross-Chain Interoperability The Key To Curve’s Success On BNB Chain? Deploying Curve to BNB Chain brings numerous advantages to both Curve and the BNB Chain ecosystem. One key benefit is enhanced scalability, as BNB Chain offers high throughput and low latency, providing a robust infrastructure for DeFi protocols like Curve. By deploying on BNB Chain, Curve can leverage the network’s capabilities to handle more transactions and accommodate the growing user demand. Another advantage is the lower transaction fees offered by BNB Chain. This cost-efficiency appeals to users seeking to minimize expenses when interacting with Curve. By deploying on BNB Chain, Curve users can enjoy reduced transaction fees, enhancing the overall affordability of using the Curve protocol. The cross-chain interoperability of BNB Chain also enables seamless integration of assets and protocols from different blockchains, creating opportunities for Curve to collaborate with other projects and protocols within the BNB Chain ecosystem. Deploying Curve to BNB Chain can expose the protocol to the extensive Binance ecosystem. Binance, one of the world’s largest cryptocurrency exchanges, operates its ecosystem on BNB Chain. This exposure opens doors to potential partnerships, collaborations, and increased visibility among Binance users, further strengthening Curve’s position in the market. Overall, deploying the platform to BNB Chain aligns with its goal of expanding its presence across multiple chains and reaching a broader user base. By leveraging the advantages of BNB Chain, such as enhanced scalability, lower transaction fees, access to a large user base, cross-chain interoperability, and exposure to the Binance ecosystem, the protocol can contribute to the growth and development of the DeFi ecosystem. Featured image from iStock, chart from TradingView.com

TORONTO–(BUSINESS WIRE)–$ETHC–Ether Capital Corporation (“Ether Capital” or the “Company”) (NEO: ETHC) announces the reporting of its unaudited interim consolidated financial results for the three-month and six-month periods ended June 30, 2023. On June 15, the Company announced it is streamlining costs and internalizing certain operations to focus on profitability. It also announced that it was approved to implement a Normal Course Issuer Bid (NCIB) for 2,566,662 shares. The Company anticipates its actions and focused strategy will impact its financial results positively in 2024. With respect to the financial results announced today, the highlights for Q2 2023 include: The Net Equity Value per Share increased to $3.41 per share on June 30, 2023 from $2.24 on December 31, 2022. The Company recorded Revenue of $1.46 million in Q2 2023 vs. $1.08 million in Q2 2022, an increase of 35%. The Company incurred Operating Expenses of $0.84 million in Q2 2023 vs. $1.13 million in Q2 2022, a 26% decrease. The total value of digital assets held by the Company was $118.0 million as at June 30, 2023 vs. $73.1 million on December 31, 2022, a 61% increase over the six-month period. Cash and cash equivalents were equal to $1.65 million on June 30, 2023 vs. $2.89 million on December 31, 2022. The Company had no debt on June 30, 2023, nor at any time during the six-month period. Basic Net Income per share for Q2 2023 was $1.24 compared to Basic Net Loss Per Share of $1.95 in Q2 2022. The Net Income after Other Comprehensive Income (OCI) in Q2 2023 was $9.9 million vs. Net Loss after OCI of $114.7 million in Q2 2022. The total shareholders’ equity of the Company was $116.5 million on June 30, 2023 vs. $75.6 million on December 31, 2022. During Q2 2023, the price of Ether increased 3.6% and ended the period at $2,561 compared to $2,471 on March 31, 2023. The price of Ether on December 31, 2022 was $1,620. The comparative unaudited interim financial statements for the three-month and six-month periods ended June 30, 2022 were restated to recognize a Deferred Tax Expense and Liability. Additionally, the valuation methodology for Staked Ether and Consensus Layer Rewards changed during Q2 2023 from an historic cost basis to a fair market value basis. This was due to a major technical upgrade (“Shanghai” or “Shapella”) of the Ethereum network on April 12, 2023 that facilitated liquidity for these intangible digital assets, thus warranting a change in the valuation methodology applied prospectively from the date of the Shanghai upgrade. Management Commentary “In Q2, we announced a strategic plan to lower our operating expenses and increase our treasury allocation to staking by at least 95%,” said Brian Mosoff, CEO of Ether Capital. “Since the last quarter, our team has worked hard to bring our proprietary best-in-class staking infrastructure online and ramp up our validation efforts, securing the Ethereum blockchain and bringing increased revenue to our shareholders. We’re very bullish on the long-term outlook for the Ethereum ecosystem and are seeing renewed appetite amongst investors globally. Based on our focus to streamline costs, internalize operations and maximize exposure to staking, we feel that we’re best positioned to service our shareholders as the no. 1 access point to Ethereum staking and yield in the capital markets.” Revenue Highlights The Company’s Revenue increased 35% in Q2 2023 compared to Q2 2022, $1.46 million vs $1.08 million. For the six-month period ended June 30, 2023, the Company’s revenue was 17% higher than the comparable period in 2022. Total Staked Ether Rewards Revenue was $1.22 million in Q2 2023 vs. $0.69 million in Q2 2022. For the six month periods ended June 30, the Staked Ether Rewards Revenue was $2.15 million in 2023 compared to $1.41 in 2022. The amount of Staked Ether was much higher at the end of Q2 2023 (36,000 ETH) compared to the end of Q2 2022 (20,512 ETH). This is a major factor contributing to the increase in revenue. The staking yield for the Company averaged 5.42% for Q2 2023 vs. 4.67% in Q2 2022. The average dollar price for Staked Ether Rewards was lower in Q2 2023 ($2,500) compared to Q2 2022 ($2,863), thus offsetting the higher Staked Ether Rewards earned during Q2 2023. Q2 2023 Q2 2022 Q1 + Q2 2023 Q1 + Q2 2022 Consensus Layer Rewards 301.8 239.0 600.2 352.7 Execution Layer Rewards 184.7 0 316.5 0 Total Staked Ether Rewards 486.5 239.0 916.7 352.7 Average Staked Ether 36,000 20,512 33,951 17,966 Yield 5.42% 4.67% 5.45% 4.85% Consensus Layer Rewards 62.0% 100% 65% 100% Execution Layer Rewards 38.0% 0% 35% 0% Revenue in C$ $1,221,237 $687,228 $2,153,468 $1,409,086 Additionally, the Company earns consulting fee revenue from Purpose Investments that is linked to the assets under management of Purpose Investment’s crypto ETFs (“Crypto AUM”). During Q2 2023, the average value of Purpose’s Crypto AUM of $1,027 million was lower than Q2 2022 (see table below). Additionally, the financial terms of the consulting fees changed on June 1, 2023 on a go-forward basis. Such change is reducing consulting fees between 75-80% on these particular Purpose crypto investment funds. Together, the lower average AUM and fee reductions in June 2023 resulted in a 46% reduction of consulting fees from $0.39 million in Q2 2022 to $0.21 million in Q2 2023. Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Consulting Fees $393,178 $218,226 $183,531 $222,143 $211,443 Average AUM $1,886 MM $923 MM $767 MM $924 MM $1,027 MM Operating Expense Highlights Operating Expenses decreased 26% in the quarter to $0.83 million vs. $1.13 million in Q2 2022 primarily due to a reversal of previously expensed non-cash compensation expenses. A number of staff and Directors who are no longer with the Company have left some options unvested. Those options will not be exercised and this triggered a one-time reversal of a previously amortized compensation expense. For Q2 2023, the share-based expense was a contra-expense of ($0.17 million) compared to an expense of $0.21 million in Q2 2022, a difference of $0.38 million. The most material Operating Expense incurred by the Company during the three months was staff compensation. Compensation expenses excluding share-based compensation were $0.985 million for the quarter vs. $0.395 million in Q2 2022. In mid-June 2023, the Company announced that it would be reducing cash Operating Expenses by an estimated 45% as part of a strategic change. The Company had 10 employees (including contract) on March 31, 2023 and the number had decreased to 8 by June 30, 2023. As of August 10, 2023, the Company had 5 employees based on actual and impending departures. Revenue less Operating Expenses One measure of operating performance is Revenue less Operating Expenses. For Q2 2023, it was $0.62 million compared to a loss of $0.05 million in Q2 2022. The primary reasons for the strong performance in Q2 2023 were the much higher Staking Rewards revenue and the one-time reversal of the previously expensed share-based compensation expense. See table below for a reconciliation for this non-IFRS measure. Q2 2023 Q2 2022 Change Revenue $1,457,840 $1,082,202 35% Operating Expenses $842,156 $1,131,344 (26%) Revenue less Operating Expenses $615,684 ($49,142) 1,353% Cashflow In general, the cashflow from operations of the Company in 2023 are materially different from the financial statement earnings, whether before or after Other Comprehensive Income, for the following reasons: 81% of the Revenue in 2023 is non-cash Operating Expenses include a material recovery amount of Share Option Expense, a non-cash expense The unrealized gains for the Company’s digital assets total $66.3 million, which are non-cash gains A non-cash, deferred tax expense of $6.0 million The Consolidated Statement of Cashflow and the Notes in the Company’s Q2 2023 financial statements and the Management Discussion & Analysis (MD&A) include more detail. Net Income (Loss) per Share The Net Income per Share was $1.24 and $1.79 for the three month and six-month periods ended June 30, 2023 compared to Net Loss per Share of $1.95 and $2.14 respectively in 2022. The Net Income (Loss) per Share amounts do not include the impact of OCI (Loss), which is material. Assets Cash on the balance sheet was $0.50 million on June 30, 2023 compared to $0.44 million on December 31, 2022. The Company invested excess cash in a listed Purpose High Interest Savings ETF and the balance was $1.15 million on June 30, 2023 vs. $2.45 million on December 31, 2022. This ETF can be sold easily in the normal course and the Company deems it liquid and comparable to a cash equivalent. Combined, the cash and ETF totaled approximately $1.65 million on June 30, 2023. During the six-month period ended June, 2023 there was a material change regarding the valuation of digital assets as discussed above. The Company’s digital assets increased in value by $44.8 million to $118 million from December 31, 2022, primarily due a 58% increase in the price of Ether during the period and the addition of 917 Ether earned from staking for the six-months ended June 30, 2023. The valuation of the Company’s digital assets exceeded the cost base of those assets by approximately $58 million as at June 30, 2023. After taking into account tax loss carryforwards, the Deferred Tax Liability of those unrealized gains is approximately $2.85 million on June 30, 2023, and this is recognized on the Consolidated Interim Statements of Financial Position. Any potential future increase in the valuation of the digital assets will result in an increase in the Deferred Tax Liability of approximately 13.25% of the unrealized gains. June 30, 2023 December 31, 2022 Digital assets valuation $117,963,101 $73,139,574 Digital assets cost base $59,953,873 $57,800,415 Digital assets & Wyre cost base $61,958,773 $59,805,315 Unrealized capital gain on digital assets (excluding Wyre) $58,009,228 $15,339,159 Shareholders’ Equity Highlights The shareholders’ equity as at June 30, 2023 was $116.5 million compared to $75.6 million on December 31, 2022. The increase was primarily due to the revaluation of the Company’s digital assets given the 58% increase in the Ether price during the quarter. The Net Equity Value per Share also increased to $3.41 per share on June 30, 2023 from $2.24 on December 31, 2022. The number of shares outstanding increased in 2023 to 34.20 million from 33.75 million on December 31, 2022. The Company’s unaudited interim financial statements and the MD&A have been filed on SEDAR and may be viewed under the Company’s profile at www.sedarplus.com. Capitalized terms used and not defined in this news release have the meanings given to them in the Company’s quarterly financial statements and/or MD&A for the period ended June 30, 2023. Interim CFO Announcement The Company is also pleased to announce the appointment of Jillian Friedman as interim Chief Financial Officer, effective August 16th 2023. Ms. Friedman joined Ether Capital as Chief Operating Officer in March 2022 and will continue to oversee operations in addition to the finance mandate. The Company would like to express appreciation and gratitude to departing CFO, Ian McPherson. About Ether Capital Corporation The Company’s mission is to be the premier access point in the public markets for investment in Ethereum’s native token, Ether. The Company generates yield on its Ether treasury through staking, a process that allows Ether holders to participate in securing the Ethereum network and earn rewards in the form of additional Ether tokens. The Company’s strategy is to hold and stake Ether, build intellectual property related to staking and Ethereum infrastructure in general, and supplement staking income with consulting and sub-advisory mandates in the digital asset sector. For more information, please visit http://ethcap.co. The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement, or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information in this press release is current only as of the date provided and Ether Capital is under no obligation to update this information, other than in accordance with applicable securities laws. Non-IFRS Measures The Company’s condensed consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). The Company refers to the Operating Revenue less Operating Expenses, which is a non-IFRS financial measure. This non-IFRS measure is not defined by IFRS, does not have a standardized meaning and may not be comparable with similar measures presented by other issuers. The Company has presented such non-IFRS measure as management believes it is a relevant measure of the Company’s operating performance independent of asset valuation changes. Non-IFRS measures should not be considered as alternatives to the information set out in the Company’s financial statements. The definition of Revenue less Operating Expenses and its reconciliation is included above in a table within this press release. Forward-Looking Information This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “on pace,” “anticipates,” or “does not anticipate,” “believes,” and similar expressions or state that certain actions, events or results “may,” “could,” “would,” “should,” “might,” or “will” be taken, occur or be achieved. Forward-looking statements are based on information available to management at the time they are made, management’s current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to the risk factors discussed in the Company’s Annual Information Form dated March 23, 2023, the Risk Factors section in its most recently filed Management Discussion and Analysis and its other filings available online at www.sedarplus.com. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided to give context to the nature of some of the Company’s future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws. Contacts Brian Mosoff Chief Executive Officer [email protected] Jillian Friedman Chief Operating Officer [email protected] Ashley Stanhope Senior Associate, KPW Communications [email protected]

Terra Classic (LUNC) has suffered persistent declines since the network’s collapse back in 2022. These declines have ranged from its price through to the network’s Total Value Locked (TVL). And even while development abounds among its community members to try to restore it to its past glory, the numbers point to a low possibility of recovery. Terra Classic TVL Falls To All-Time Low After Terra’s crash in 2022, the network lost a significant chunk of its TVL due to investors pulling out their funds as well as developers moving their decentralized applications and protocols to other networks. Over time, there seemed to be a stable trend but once again, the network has lost out against its better counterparts. Data from the on-chain tracker DeFiLlama shows that as of Thursday, the total Terra Classic (LUNC) TVL is sitting at $2.11 million. This is notable because this is the lowest that the network’s TVL has ever been. It is also a long way from the over $20 billion all-time high TVL of the Terra blockchain before its tragic collapse. The vast majority of its meager TVL is spread across just two DeFi protocols: Terraswap and Astroport Classic, with $1.07 million and $933,527 in TVL, respectively. The highest that Terra’s TVL has been in 2023 is $12 million back in April 2023. Terra’s TVL has now declined by over 83% from its 2023 peaks. In the same vein, DeFiLlama shows $0 decentralized exchange (DEX) volumes over the last week, meaning that trading activity on the network has grounded to a halt. The Road To Recovery For LUNC Over the last year, the Terra community has been consistent about trying to help the network recover. However, the kind of decline that the cryptocurrency suffered as a result of the crash is not easy and near impossible to recover from. Throwing in the fact that the network’s activities are almost non-existent, the chances of recovery have become even slimmer. But perhaps the biggest hindrance to its recovery is the fact that LUNC’s supply ballooned to over 6 trillion coins. Given this, even a surge to the $1 mark is out of reach for the token, unless there is a significant reduction in its supply. LUNC’s price continues to struggle at this time, trading at $0.00007746 at the time of writing. Its market cap is currently sitting at $450 million, making it the 80th-largest cryptocurrency by market cap.

Hedera popularly known as HBAR, has lately been drawing attention in the world of cryptocurrencies. An influencer from the crypto-sphere recently asserted that this digital currency is poised to cement its position among the top 10 in the industry. HBAR’s Position In The Upcoming Bull Market Classy Crypto, a crypto-focused YouTube channel, hosted a discussion where the anchoring influencer laid out his reasoning, foreseeing HBAR’s substantial ascent in the near future. According to the host of Classy Crypto, HBAR is not just positioned to rise but is also primed to become one of the biggest beneficiaries in the anticipated bull run. Related Reading: HBAR Token Scores Impressive Gains As Major Cryptos Nosedive The host noted that one factor driving this optimism is the forthcoming Bitcoin and Ethereum Exchange Trust Funds (ETFs). As these ETFs come into play, they are expected to usher a wave of institutional investors into the crypto sphere. However, the influencer argues that the initial attraction toward giants like Bitcoin and Ethereum would eventually pivot. Investors, after their primary foray, would likely explore alternative digital assets. These alternatives, which the host referred to as “pseudo-centralized currencies” offering distinct use cases, especially those with tracking capabilities, would then become the focal point. Hedera, with its tracking features, according to the host, could potentially emerge as a leading contender in this narrative. Hedera Offerings And Market Dynamics Diving deeper into Hedera’s offerings, the Classy Crypto host highlighted the consensus service of the platform. The host emphasized that this plays a significant role in tracking and catering to rising global demand. Additionally, in the backdrop of an evolving global political scenario, solutions like Hedera’s are anticipated to gain traction, given their ability to address large-scale issues. The host noted: Furthermore, beyond these specifics, the influencer also shared a broader market perspective. He envisions a major market breakout before the culmination of 2023. This momentum is likely to carry forward into 2024, heralding a significant bull run. One pivotal point he made pertained to the Layer 2 blockchains prevalent in the market. A realization among investors that many of these platforms might not support sustainable transaction sizes could direct focus towards Hedera. Particularly, its attributes, including fixed gas fees and the avant-garde Hashgraph technology, might just provide the edge it needs, according to the host. Over the past 24 hours, HBAR has traded in the red, down by nearly 5%. The asset currently trades at a price of $0.058, at the time of writing. Featured image from iStock, Chart from TradingView

This week, Bitcoin traders braced for a breakout as an important technical buy signal triggered and BTCUSD shot up over $30,000 temporarily. They came up short-handed, however, as the market took an immediate turn back down. Interestingly, the fakeout could have possibly been predicted by a divergence between two BTCUSD price charts. Why Price Patterns And Technical Signals Can Fail Price patterns are tough to trade in cryptocurrencies. Because so many eyes are on the same pattern meeting precise parameters, the market has a way of making people pay for acting on the obvious. For example, a rising wedge pattern is typically bearish, but could breakout to the upside. The same is true for technical signals that a large portion of traders are paying attention to, such as notable crossovers and changes in momentum. This is exactly the case recently with a bullish crossover of the daily BTCUSD Moving Average Convergence Divergence (MACD). The MACD is a momentum indicator that gives a buy signal when the MACD line crosses the signal line from below. This signal not only has appeared in Bitcoin, but it confirmed on BTCUSD spot exchanges, so what gives? It was a phony signal from the “future.” Spot Possible Divergences With Bitcoin Futures By “future” we mean BTC CME Futures, also known as Chicago Mercantile Exchange’s Bitcoin derivatives product, which institutions use to speculate on the underlying price of BTCUSD. The BTC CME Futures chart doesn’t always reflect spot BTCUSD charts 1:1. Any divergences between the two platforms, has historically led to fakeouts and phony breakouts. Part of the reason for this is due to the platform shutting down for a short period each day, and for the entire weekend starting at Friday afternoon. The result is a Bitcoin chart with more traditional market traits, such as gaps. The missing price data also changes the calculation of many technical indicators. For example, moving averages are in slightly different locations from chart to chart. This is precisely how the recent “fakeout” higher was able to be predicted with a degree of accuracy. This discrepancy and divergence leading to false signals is nothing new and has been happening for years. When BTC CME finally participates in the same signal, the expected results often then arrive. Is this a situation similar to Dow Theory, where the DJIA and DJTA must confirm one another for a trend to be valid? Or is there some more at play? Whatever the case may be, there’s enough historical evidence at this point to pay attention to any divergences between spot and CME Futures.

The World CX Summit, organized by Trescon, set to be hosted in Singapore on 2nd-3rd August 2023 at Marina Bay Sands Expo and Convention Centre. The Summit will bring together leading technology mavens, CX specialists and innovators to share their actionable insights and talk about successful use cases that are redefining the CX space. Over the past few years, businesses have pivoted their attention towards providing their customers with an immersive experience. Customer experience has played a critical role in changing the way businesses operate. Today, they consider the customer feedback as an integral part of their revenue model. As per a recent Grand View Research study, the customer experience management market segment is expected to expand at a compound annual growth rate of 18.1% from 2022 to 2030. With the increasing competition, brands today are digitizing their operations and integrating their operations with artificial intelligence and emerging technologies. The Asia-Pacific market continues to expand with growing awareness regarding conversational AI. According to a Research Dive report, the conversational AI market is forecasted to generate a revenue of US$ 3.022.4 million by 2028. This is attributed to the favorable government regulations and advanced ICT infrastructure in countries such as Singapore, India and Japan. Contact Details – Name : Akashh R JJ Email : [email protected] Phone Number : 9988777 Company Name : Hellooo City : Bangaloree Country : Indiaaa

The price of Solana (SOL) has fluctuated a lot in the past week, like many other cryptocurrencies in the market. SOL is currently trading above $24, gaining 8.01% in its price in the past 7 days with over $376 million in trading volume in the past 24 hours. The coin’s movement has now sparked speculation among investors about the imminent breach of the $30 resistance threshold. Factors That Could Influence SOL’s Price Solana has seen significant growth in terms of its total value locked (TVL). According to Data from Messari, Solana did better than other chains, with a 14% increase in the amount of funds locked in last month. Additionally, data from DeFi Llama shows that Solana is now the 9th biggest chain in terms of locked funds. It has around $320.07 million locked, a big jump from the $205.11 million it had at the start of the year. This surge in Solana’s Total Value Locked (TVL) could attract more people to buy SOL tokens. Importantly, with rising interest, the price of Solana’s tokens might increase due to higher demand. However, if there’s suddenly bad news about Solana’s security or performance, even with a growing TVL, people might get worried and start selling their SOL tokens. This increased supply and decreased demand could cause the price to drop. Can SOL Hit The $30 Milestone? The daily chart shows that the asset has traded positively in the past 24-hour market circle. The coin is trading above the Simple Moving Average (SMA) indicator and is bullish, signaling a potentially strong uptrend and a positive momentum in its price movement. Additionally, it suggests that buyers are consistently active, pushing the price higher. This often indicates sustained demand and can potentially lead to further price appreciation. Meanwhile, the SMA can act as a support level if the price dips, preventing the price from falling too much. However, while the SMA can act as support, it can also become a resistance level if the price moves significantly above it. This is because the Relative Strength Index (RSI) at 55 suggests the coin is balanced between overbought and oversold conditions. The Moving Average Convergence Divergence (MACD) is also showing an attempt to cross over the signal line, indicated by the red histogram bar fading. This could signal a potential shift in momentum, with the upward movement gaining strength. Considering the analysis, SOL could potentially hit the $30 threshold in a few weeks if the bulls sustain the current market sentiment. So traders can anticipate a bullish move but should consider other indicators and market context for a more accurate assessment of the coin’s direction.

The recent rise of Shiba Inu (SHIB) has certainly caught the attention of investors and enthusiasts. While Shiba Inu’s impressive performance has been the talk of the town, crypto analyst Ali suggests that this might have significant implications for another popular dog-themed cryptocurrency – Dogecoin (DOGE). The numbers speak for themselves. According to Kaiko, Shiba Inu’s developer activity has surged, playing a pivotal role in its recent price increase. This surge in developer interest has been instrumental in pushing SHIB to outperform several altcoins, including the well-known Dogecoin. When comparing the returns of Shiba Inu and Dogecoin since the beginning of July, SHIB is currently taking the lead, evident in its robust upward trajectory at the start of August. CoinGecko data highlights that Shiba Inu has managed to maintain its positive stance across various time frames, with the exception of its yearly performance. Over the past 30 days, SHIB has recorded gains of an impressive 31.2%, a feat that Dogecoin has not been able to match entirely, showing gains of 16.3% during the same period. Shiba Inu and Dogecoin show correlation The intriguing question that arises from this trend is whether Dogecoin, historically showing a strong correlation with SHIB in terms of price movements, will soon follow suit. Ali, the crypto analyst, presents the intriguing data from IntoTheBlock, which indicates a robust 60-day correlation coefficient of 0.74 between SHIB and DOGE. The implication is clear – when Shiba Inu’s price makes a move, Dogecoin tends to follow a similar path. Ali offers a word of caution, suggesting that the strong correlation between SHIB and DOGE could indicate a significant price move for Dogecoin in the near future, aligned with SHIB’s recent surge. Investors and crypto enthusiasts alike are now keeping a keen eye on Dogecoin, curious to see if it will indeed follow the trajectory set by its fellow dog-themed cryptocurrency. The world of crypto remains ever dynamic, and whether history repeats itself in this case is a question that only time will answer.

The number of Ethereum non-zero addresses, meaning addresses that hold at least some amount of Ether, just reached an all-time high. According to data from Glassnode, this metric which counts only externally owned addresses just reached an all-time high of 104,127,318. But what does this mean for the price of Ethereum? Ethereum Non-Zero Addresses Reach New All-Time High More addresses mean more people are using the network and Ethereum is in the driver’s seat when it comes to most application aspects of the crypto industry. As a result, the Ethereum blockchain has seen the highest growth rate in new addresses in recent years. This growth has been particularly high as more people flock to decentralized finance (DeFi) protocols and non-fungible tokens (NFTs), the majority of which are built on the Ethereum blockchain. As of the time of writing, there are now 104,127,318 Ethereum addresses holding at least one wei, the smallest unit of ETH. Just around two years ago in 2021, this metric was around 50 million addresses, showing a 100% jump during this time. Although only a fraction of these wallets are active, the high number of non-zero addresses shows the sheer increase in ETH adoption. In the same vein, the number of non-zero Bitcoin addresses only recently reached an all-time high of 47.8 million addresses. More Addresses Means Increased Network Activity and Adoption The growing interest in trading, smart contracts, DeFi, and NFTs will continue to boost the number of Ethereum users and non-zero addresses, especially now that the industry sits on the cusp of a possible bull run. According to a similar metric by Glassnode Alerts, the amount of Ethereum supply last active within a seven to 10-year timeframe also just reached n new all-time high of 4.312 million ETH. This extended state of inactivity is suggestive of HODLing and long-term faith on the part of investors. Bullish For The Price Of ETH In the past, major rallies in Ether’s price have coincided with a surge in new addresses on the network. During the 2021 bull run, Ethereum saw a flurry of new addresses and non-zero addresses, as its price reached an all-time high of $4,810. As mainstream interest and adoption of Ethereum grow, the value and price of Ether (ETH) are likely to increase. Non-zero addresses mean activity on many addresses is increasing, which can create buy pressure in addition to other factors that should push ETH’s price higher. Additionally, investment companies are looking to launch exchange-traded funds (ETFs) tied to Ethereum futures, which could propel a spike in ETH’s price. Right now, ETH is currently trading at $1,852 and is looking to break above the resistance being mounted at $2,000 by the bears.

The Shanghai upgrade was one of the most anticipated blockchain events of 2023, expected to introduce a higher level of speed and scalability to the Ethereum network. However, the most important feature of the Shanghai upgrade was allowing validators and stakers to finally withdraw their staked ETH from the Ethereum Beacon Chain. To explain, the Beacon Chain was created to aid the smooth transition of Ethereum from a Proof-of-Work consensus model to a Proof-of-Stake mechanism, i.e., ETH 2.0. Since its launch in 2020, many users have been staking their ETH tokens on the Beacon chain to facilitate network security and earn rewards. Albeit, those assets and the rewards they generate were inaccessible until after the Shanghai upgrade in 2023. Prior to this network upgrade which occurred on April 12, 2023, the total number of staked ETH stood at 18.1 million, according to data by Dune Analytics. Four months later, the token analytics website Token Unlocks has offered more insight into how the Shanghai Upgrade has impacted the ETH staking activity so far. Shanghai Upgrade Sparks Confidence In ETH Staking On August 10, Token Unlocks posted on social media platform X that the Ethereum Shanghai upgrade has yielded a positive result on ETH staking, with a significant rise in demand for LSD protocols – a liquid staking aggregator project designed to promote maximum yields for ETH stakers. According to the report by Token Unlocks, there are currently 22.99 million staked ETH on the Ethereum network, accounting for about 18.86% of ETH’s circulating supply. The report also highlights that 25% of this currently staked ETH was staked after the Shanghai upgrade in April. This means that about 5.84 million ETH, constituting about 4.8% of ETH circulating supply, has been staked in the last four months. To emphasize the impact of the Shanghai upgrade on ETH staking, Token Unlocks noted that the net ETH staking ratio is up by 147%, with about 9.82 million ETH deposited and only 3.97 million ETH withdrawn post-upgrade. It is worth stating that there were some speculations that the Shanghai upgrade would lead to a large-scale withdrawal of ETH, which could negatively affect the crypto market. Interestingly, the report above paints a different reality, with many users now willing to stake ETH as they have the freedom to withdraw at will. ETH Elites Strengthen Grip On Coin Supply In other news, on-chain analytics firm Santiment reports a wealth accumulation trend in the ETH market. According to Santiment, the top 10 ETH addresses have significantly increased their ETH holdings in the last five years. Within this period, the market intelligence firm notes that these wallets have acquired 27.86 million ETH, increasing their holdings from 11.2% to 34.6% of the token’s supply. Related Reading: Ethereum Price Prints Bullish Technical Pattern, Why Close Above $1,880 Is Critical At the time of writing, ETH is trading at $1,855.86, with a 0.68% decline in the last 24 hours based on data from CoinMarketCap. With a market cap of $222.18 billion, the Ethereum native token remains the 2nd largest cryptocurrency in the market.

According to BIS, the PIE task force will also improve cross-border payments. Ripple will collaborate with other members, including Mastercard and SWIFT. Ripple is now a member of the cross-border payments interoperability and extension (PIE) task group recently launched by the Bank for International Settlements (BIS). The Bank for International Settlements (BIS) released a report of the May 11 meeting of the PIE task force on August 9. The summary said that the task force members would strive to boost cross-border payments. BIS’s Committee on Payments and Market Infrastructure is home to the task force. Member of Elite Team According to BIS, the PIE task force will also improve cross-border payments by expanding access to payment systems, elongating the operation hours of payment systems, and building linkages between various payment systems. Ripple, now a part of the task force, will collaborate with other members, including Mastercard and SWIFT, to achieve BIS’s aim of enhancing the interoperability of international money transfers. BIS also noted that governmental and commercial sector entities worldwide would need to work together on improving payment systems. Ripple had a market rise after their partial victory against the United States SEC. Relisting on multiple exchanges was one of the several optimistic outcomes of the judgment. On the other hand, the U.S SEC is seeking an interlocutory appeal, according to a new development in the SEC’s action against Ripple Labs. The SEC argued in a letter delivered to the judge on August 9 that the judgment should be reviewed again by an appellate court. According to CMC, the price of XRP is now trading at $0.6281, down 3.32% in the last 24 hours. Highlighted Crypto News: Crypto.com Integrates ZKSYNC to Boost User Experience

The Shiba Inu community is buzzing with excitement as the team behind the popular token reveals new plans to engage their loyal following. Lucie, a marketing expert on the Shiba Inu team, recently took to Twitter to tease some upcoming fun activities on the Shibarium Tech Discord channel. This quickly caught the attention of Shiba Inu enthusiasts. A follow-up post by Lucie provided more intriguing details. The SHIB team is organizing a “meme battle” on Discord, a contest where participants can flex their creative muscles in the world of memes. What’s more, there are enticing prizes on the line, with a total value of $250 worth of BONE tokens up for grabs. The BONE token holds special significance as it will serve as the gas token on the Shibarium platform once it is launched. This initiative is an exciting way to foster community engagement and anticipation for the forthcoming Shibarium platform. The theme of the meme battle is “SHIB > X,” where participants are encouraged to create memes that highlight the supremacy of SHIB over another entity represented by “X.” It’s a lighthearted yet competitive way for the Shiba Inu community to showcase their creative talents and demonstrate their enthusiasm for the project. While Lucie didn’t divulge further details, she extended a warm invitation to all those interested in joining the meme battle. The action is set to take place on the Shiba Inu Discord channel, where participants can participate in the festivities. Shiba Inu’s Shytoshi Kusama makes important announcement The excitement doesn’t end there. Shytoshi Kusama, the leader of Shiba Inu’s developers, made a significant announcement in the Shibarium Tech channel on Telegram. Shytoshi revealed that the Shiba Inu team has signed a new partnership agreement, and there are two more “partnershibs” on the horizon. This first partnership brings a fresh wave of expertise to the SHIB ecosystem, as “incredible and powerful” advisors join the project. These new advisors are expected to contribute to SHIB’s ambitious vision of decentralization. Shytoshi emphasized that this is just the beginning, hinting at the team’s intention to pursue additional partnerships in the future. These collaborations are a strategic move to showcase the team’s dedication to bringing decentralization to the forefront, underlining the significance of Shiba Inu’s role in the world of blockchain and cryptocurrency.

Bitcoin is down 1% in the last day and is now trading at $29,390. CPI inflation was forecasted to be 3.4% by JP Morgan. Inflation as measured by the annual Consumer Price Index in July came in at 3.2%, below market estimates of 3.3%, as reported by the U.S. Bureau of Labor Statistics. Inflation measured by the Core Consumer Price Index came in at 4.7%, below the market’s estimate of 4.8%, with the monthly rate holding steady at 0.2%. The US Federal Reserve has time to stay hawkish in light of annual inflation data that is hotter than last month’s 3%. A shift in the stock and cryptocurrency markets is still a few months away. CPI inflation was forecasted to be 3.4% by JP Morgan. While other major Wall Street behemoths predicted a 3.2% increase. It’s possible that the stock and cryptocurrency markets would have gone much higher if headline inflation dropped below 3%. In fact, the CME FedWatchTool presently indicates a greater than 90% chance that the Fed will maintain the Federal target rate at the forthcoming September 2023 FOMC meeting. The DXY declined 0.63 percent to 101.78 and is expected to continue its downward trend. Under Pressure Speculators anticipate that Bitcoin and Ethereum will rise over $30k and $2000, respectively, to signal a bullish market. Despite this, the value of cryptocurrencies remains under duress. Bitcoin is down 0.50% in the last day and is now trading at $29,390 as per data from CMC. As inflation has been lower than anticipated, a little increase is anticipated. The price of Bitcoin is trying to break the $30k barrier but has failed on multiple occasions. Highlighted Crypto News Today: Crypto.com Integrates ZKSYNC to Boost User Experience