Fortune 500 Veteran Tapped To Lead Development of Smart Token Labs’ Open Loyalty Solution SYDNEY–(BUSINESS WIRE)–Smart Token Labs, a Web3 open source software development company, today announced the appointment of former Salesforce Web3 Studio Co-Founder, Mathew Sweezey, to its executive leadership team. As a 15-year Salesforce veteran and seasoned Fortune 500 leader, Sweezey will serve as the Chief Strategy Officer for Smart Token Labs, overseeing the expansion and development of its novel open loyalty platform. Mathew is widely regarded as one of the preeminent marketing strategists in the technology sector. Mathew co-founded the Salesforce Web3 Studio, where he incubated Web3 projects for the world’s biggest brands, ran Salesforces Web3 Advisory Board, and helped launch Salesforce’s first Web3 products. Prior to Salesforce, Mathew helped pioneer the marketing automation space as an early employee at Pardot. Author of multiple books, his latest, The Context Marketing Revolution, was published by Harvard Business and was named the Best Marketing Book of 2021 by Axiom. “When I was leading strategy at the Salesforce Web3 Studio, it became very apparent to me that every CEO believed in Web3 but very few saw the benefits of currency or collectibles to their bottom-line,” said Sweezey. “They are waiting for better digital experiences, and improved business efficiency. This is why I have joined the Smart Layer team, they have the vision and the technology to unlock a new digital paradigm for the enterprise, and give those CEO’s the keys they are looking for.” Under Sweezey, Smart Token Labs intends to focus on the following goals: Enabling consumers with their own data via Smart Tokens Powering Open Loyalty marketplaces via Permissionless Perks Accelerating digital transformation via Smart Layer Network “We’re thrilled to bring a true industry leader to the Smart Token Labs executive team,” said Victor Zhang, Founder and CEO of Smart Token Labs. “Over the course of his career, Mathew has proven himself to be one of the most forward-thinking, dynamic, and passionate minds in Web3, and we believe he will be a central figure in our push for token adoption.” “Tokenization is the next era of digital experience, driven by composable web services, and radical interoperability,” added Sweezey. “I could not be more excited to join Smart Token Labs at this stage, and to work alongside their executive team to usher in this new era of digital innovation.” To learn more about Smart Token Labs and its Smart Layer, visit: smarttokenlabs.com. Follow Smart Token Labs on Twitter or Github. About Mathew Sweezey Mathew Sweezey is the Chief Strategy Officer at Smart Token Labs, as well as an award-winning marketer, podcast host, and technology pioneer, regarded as one of the leading minds on the future of marketing. Previously, Mathew served as the Sr. Director of Market Strategy for Salesforce, Partner of Salesforce Futures LAB, and Co-Founder of the Salesforce Web3 studio. In addition to his work, Mathew has written two books (Wiley/HBR). His latest book was named best marketing book of 2021 by Axiom Book Awards. He also produced the 5X award-winning podcast called The Electronic Propaganda Society, and has written for The Observer, The Economist, Forbes, AdAge, and many others. About Smart Token Labs Smart Token Labs is the creator of SmartLayer, a chain agnostic Token Utility Protocol that enables mainstream use cases between web2 and web3. SmartLayer consists of Smart Tokens that let businesses convert user data into smart tokens owned by those users. Token utility is enabled by SmartLayer seamlessly integrating token utility and logic into products and services across both web2 and web3. For more information visit: Official website | Twitter | Telegram Contacts Isaiah Jackson Howl Labs e: [email protected] t: 805 674 7348

On the back of Ripple’s partial win over the United States Securities and Exchange Commission (SEC), activity on the blockchain has ramped up quickly. This increase has now seen XRP beat out market leader Ethereum when it comes to the number of daily transactions carried out on the blockchain. Ripple Leading The Pack While the euphoria from Judge Analisa Torres’s ruling has been waning, there is still enough left to continue to drive new milestones on Ripple’s XRP Ledger. The most prominent of these has been the number of transactions that are being carried out on the Ledger since the ruling. Despite ending the month of July on a low note, the transactions have picked up in August. According to data from BitInfoCharts, daily transactions on the Ripple Ledger have consistently crossed 1 million since the start of August. This puts XRPL ahead of leading blockchains such as Ethereum (ETH) and Bitcoin (BTC), both of which have seen daily transaction figures come out below 1 million this month. On August 2, which has been the best day of the month so far for Ripple, transaction figures crossed 1.3 million, compared to 1.04 million for Ethereum and 390,000 for Bitcoin. The new milestone comes after XRP first experienced a sharp drop in July. But since then, the blockchain has been on an upward trajectory. According to the present data, the XRP Network carried out 1.1173 million transactions on Thursday, August 9, almost double the number of its July 29 low of 612,000. However, despite the rise in transaction numbers, XRP continues to lag behind Bitcoin and Ethereum in terms of volume. Coinmarketcap data shows Bitcoin’s volume over the last day was $14 billion, Ethereum was in second with $4.2 billion, while XRP volume came in at $1.7 billion. SEC’s Appeal Brings Down The XRP Momentum XRP had undoubtedly enjoyed a huge boost following Judge Analisa Torres’ partial summary judgment in favor of Ripple in its ongoing case against the US Securities and Exchange Commission (SEC). XRP experienced a massive spike from $0.47 to $0.81 (+72%) on the 13th of July (the day the partial summary judgment was given). However, it has since then retracted to the present zone. The token has maintained its current price range since the start of August with no significant movement upwards since then. Furthermore, the SEC’s intention to file an interlocutory appeal may also draw down XRP’s momentum. In fact, XRP has reacted negatively to the aforementioned news as it is trading at around $0.6293, down 2.24% in the last 24 hours.

Hedera (HBAR), currently ranked as the 31st cryptocurrency asset in terms of market capitalization, has recently witnessed a remarkable surge in its price, captivating the attention of investors and enthusiasts alike. A surge in an asset’s social engagement often serves as a precursor to a rally in its price. In the case of HBAR, this correlation seems to be playing out vividly. As the cryptocurrency landscape continues to evolve, HBAR’s notable growth over the past few weeks has raised eyebrows and prompted discussions about its potential. Surge In Social Activity Sparks Price Rally Speculation In the ever-dynamic world of cryptocurrencies, there exists a symbiotic relationship between social activity and price movements. With its current price listed at $0.058907 according to CoinGecko, the cryptocurrency experienced a slight 5.5% decline over a 24-hour period. However, what has truly caught the attention of market observers is its impressive seven-day surge of 11.8%. These figures, though significant, only hint at the larger story unfolding around HBAR. Lunar Crush, a platform that monitors social media activity surrounding cryptocurrencies, reported a staggering increase of over 200% in Hedera’s social engagement metric within the last week. This surge in online discussions, mentions, and interactions reflects a heightened level of interest and curiosity surrounding HBAR. As the cryptocurrency community buzzes with conversations about HBAR’s potential, it becomes evident that this surge in social engagement has played a pivotal role in driving its recent price rally. Hedera: Technical Indicators Paint A Complex Picture Peering into the technical aspects of HBAR’s recent price surge, key momentum indicators reveal interesting insights. According to a recent price analysis, these indicators have maintained a position above their neutral center lines since the start of August, underscoring the ongoing bullish sentiment. However, caution flags are raised by the Relative Strength Index (RSI), which presently hovers above the 70-mark. This could suggest that HBAR is venturing into overbought territory, possibly indicating a need for a corrective pullback. Similarly, the Money Flow Index (MFI) stands at 72.63, drawing closer to the overbought region. These indicators collectively invite a nuanced interpretation of HBAR’s current price trajectory. In a market that thrives on speculation and anticipation, HBAR’s recent price surge and the corresponding surge in social activity have ignited intriguing conversations. As HBAR continues to make its presence felt among cryptocurrency enthusiasts and investors, its journey forward remains one to watch closely. (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 NPR

Fireblocks uncovered the BitForge that affects 15+ wallet providers. Binance fixed the issue and the CEO of Binance thanked the Fireblocks team. Crypto fraud and digital thefts are threatening the crypto community. Even the FBI (Federal Bureau of Investigation) has taken steps to alert the NFT scams to the users with a public announcement. Likewise, Fireblocks Network, a secure digital asset transferring network has identified the security bugs affecting wallet providers like Binance and others. The Fireblocks Cryptography Research Team has found a set of discrepancies and they are collaterly called BitForge. Moreover, this uses several implementations of Multi-Party Computational (MPC) Protocols such as GG-18, GG-20, and Lindell17. Security Warnings from Fireblocks Dividing the single private key from the multiple parties, MPC wallets help the providers with the secret sharing concept. This additive concept supports dividing and spreading the secret across a set of independent parties. There are 17 MPC wallets in the Web3 ecosystem, as per Alchemy’s decentralized application. Also, these BitForge provide zero-day vulnerabilities and refer to the discrepancy or a flaw that has been exposed but not solved in the device. However, a zero-day exploit means an attack that focuses on those vulnerabilities. Binance’s CEO Thanks Fireblocks The CEO of Binance, Changpeng Zhao thanked the Fireblocks team for identifying the issue that occurred in Binance. Moreover, the public source file of Binance, TSS Library Binance had been affected by BitForge. However, it has been fixed and the users can feel safe since no funds are affected so far. Binance’s CEO has also mentioned, “Even MPC custody solutions have risks. Stay #SAFU!” Some of the impacted wallets including Zengo, Binance, and Coinbase are notified by Fireblocks and others are yet to be uncovered. Related Crypto News: Binance Hires New Compliance Officer Amidst Ongoing Legal Probes

The digital asset indexing pioneer and financial data platform are partnering to create the next generation of digital asset indexes FRANKFURT, Germany–(BUSINESS WIRE)–As the financial services industry grapples with the evolution of decentralized finance, including web3, MarketVector IndexesTM (“MarketVector”) and Token Terminal announce a partnership to provide institutions, advisors, and investors with access to investable products that track the breadth of data available in web3 and on blockchains. Through this partnership, MarketVector, the pioneer provider in digital assets indexing, will co-create indexes with Token Terminal, a platform and data provider that aggregates financial and alternative data on blockchains and the decentralized applications that run on blockchains. For institutions, advisors, or investors interested in digital assets exposure, MarketVector and Token Terminal are able to create bespoke indexes using any data components extracted from open blockchains. “The cryptocurrency space is evolving rapidly, and a growing number of projects are demonstrating clear, quantifiable value,” said Martin Leinweber, Digital Asset Product Strategist at MarketVector. “Our institutional clients have expressed an interest in an index product that is easily understandable for investors from traditional finance. By integrating fundamental data into our index methodology, we can better reflect blockchain protocols’ true economics and user traction. We believe that the next cycle of crypto adoption will be driven more by fundamentals than the previous cycles.” Token Terminal’s model for analyzing blockchains and decentralized applications has been instrumental in shifting the perception of cryptocurrency away from being solely about speculation and towards being about fundamental value. MarketVector’s new approach, leveraging Token Terminal’s data and analytics, aims to incorporate this perspective into its Digital Asset index family, providing a more comprehensive view of the crypto marketplace to its clients. “Our focus at Token Terminal has always been to provide the necessary data for investors to value crypto assets as productive assets, based on fundamental data. We are thrilled to partner with MarketVector, a pioneer in digital asset indexing, and excited about the opportunity to bring a new generation of fundamental-based digital asset indexes to the market,” said Rasmus Savander, Commercial Lead at Token Terminal. For more information on Token Terminal and MarketVector’s joint capabilities, please visit www.marketvector.com. About MarketVector Indexes – www.marketvector.com MarketVector IndexesTM (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectorTM, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to partner with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets worldwide, with approximately USD 30 billion in assets under management. MarketVector Indexes is a VanEck® company. About Token Terminal – www.tokenterminal.com Token Terminal is a data analytics provider that aggregates financial data on the leading blockchains and decentralized applications. Token Terminal manages a best-in-class, multi-chain crypto data warehouse and is best known for providing users with tools to discover and evaluate the performance of blockchains and decentralized applications using traditional financial key performance indicators. Token Terminal ingests over 100k transactions per day from more than 10 blockchains, manages over 50TB of raw blockchain data, and is used by hundreds of institutional investors and research organizations globally. Contacts Eunjeong Kang, MarketVector +49 (0) 69 4056 695 38 [email protected] Sam Marinelli, Gregory FCA on behalf of MarketVector 610-246-9928 [email protected]

Former Head of Product at Coinbase and Google will lead product initiatives for climate-aligned cloud and AI platform SAN FRANCISCO–(BUSINESS WIRE)–Crusoe Energy Systems LLC (“Crusoe”) announced today that Patrick McGregor has joined the company as Chief Product Officer. In his new role, McGregor will be charged with leading all product initiatives for data centers, artificial intelligence, cloud software, and bitcoin mining, which includes product strategy, product definition, product design, and product execution. Prior to joining Crusoe, McGregor was head of product for web3 developer platforms at Coinbase, where he built the foundational technologies that Coinbase and the entire crypto ecosystem rely upon. Prior to that, he was head of product for artificial intelligence at Google, after leading the expansion of Google Cloud for large enterprises and strategic industries. He was SVP of product management at Trustwave (acquired by SingTel) before joining Google. He also founded BitArmor, a pioneering innovator of enterprise encryption technology. Patrick holds a Ph.D. from Princeton University in high-performance computing and cryptography, and he earned M.S. and B.S. degrees from Carnegie Mellon University in electrical and computer engineering and computer science. “I’m extremely excited for this opportunity to help advance Crusoe’s mission of aligning the future of computing with the future of climate,” said McGregor. “As so many companies are now exploring AI and machine learning – and seeking reliable, sustainable, and cost-effective solutions for their computing-intensive workloads – Crusoe’s commitment to climate-aligned computing truly distinguishes it from others in this space.” Last year, Crusoe launched Crusoe Cloud, which mitigates the environmental impact of compute through climate-aligned solutions that capture wasted, curtailed, or stranded energy – providing scalable, clean, low-cost, cloud solutions for compute intensive applications. This empowers innovators to solve the world’s biggest challenges with climate-aligned computing technology. “We’re thrilled to have Patrick onboard to build world-class products that enable the next wave of computing led innovations,” said Crusoe’s Co-Founder and Chief Executive Officer, Chase Lochmiller. “His experience overseeing product development at Google and Coinbase will help us ensure that Crusoe stays on the leading edge of technology with Crusoe Cloud, from how it’s built, to how it’s powered, to how it’s used by our customers.” Crusoe’s patented Digital Flare Mitigation® (DFM) systems are deployed directly to oil wellsites to convert stranded natural gas, a by-product of oil production that would otherwise be wasted and flared, into electricity used to power modular data centers — reducing methane emissions approximately 99% and carbon dioxide equivalent emissions by up to 68.6%. To-date, Crusoe’s utilization of otherwise wasted flared gas has reduced flaring by billions of cubic feet and has prevented methane emissions equivalent to removing approximately 170,000 gasoline-powered cars from the road. About Crusoe Energy Systems LLC Crusoe is on a mission to align the future of computing with the future of the climate. As builders and operators of clean computing infrastructure, Crusoe reduces both the costs and the environmental impact of the world’s expanding digital economy. By unlocking stranded sources of energy to power artificial intelligence, crypto, and other high performance computing applications, Crusoe is creating the future of compute-intensive innovation that reduces emissions rather than adds to them. To learn more, visit www.crusoeenergy.com and follow Crusoe on Linkedin and Twitter. Contacts [email protected]

On-chain data shows the Aptos (APT) trading volume has continued to be extremely high after the rally, a possible sign that more gains may be coming. Aptos Social Dominance Calms Down, But Trading Volume Remains Elevated Yesterday, news came out that tech giant Microsoft has partnered up with Aptos Labs to work on blockchain-based AI tools. This big announcement naturally caused a reaction in the market, as the company’s token, APT, observed a very sharp 17% jump. The token had neared the $8 level at the peak of this surge, but since then, it has observed some decline and has retreated towards the $7.3 mark. The below chart displays how the asset’s price has changed recently. Despite the pullback, though, Aptos is still carrying gains of around 9%. These profits make it by far the best performer among at least the top 100 assets by market cap. As for why the retrace may have occurred, data from the on-chain analytics firm Santiment could provide some hints. As displayed in the below graph, the social dominance of APT had observed a very large spike as the rally had taken place. The “social dominance” basically tells us how much discussion related to the top 100 assets on social media is coming from talks related to Aptos alone. When the news had broken out, social media discussion around the coin had naturally blown up, as a large number of users had become interested in the asset. While such excitement can help fuel a rally, too much of it can actually have the opposite effect. It would appear that the FOMO spiking in the market is what contributed to the rally topping out and the price decline. Since then, though, the social dominance has calmed down a bit, implying that hype has returned to healthier levels. At the same time, the APT trading volume (that is, the measure of the total number of tokens being moved around on the blockchain) has only gone up and has hit its highest point since March. This implies that investors have only continued to trade more of the cryptocurrency even after the rally’s pullback. Generally, a high amount of volume is needed to sustain any significant move in the price, as such moves require a large amount of fuel. Since the trading volume has only been growing, it can be one of the first hints that the Aptos rally isn’t over just yet. In the chart, Santiment has also attached the data for another indicator, the development activity. This metric keeps track of the work that the developers have been doing on the project’s public GitHub repositories. From the graph, it’s visible that this metric had been constantly rising in the buildup to the announcement as the developers may have been preparing for the partnership.

PEPE has emerged as a symbol of resilience in the face of uncertainty in the broader meme coin market. A timely intervention by a deep-pocketed investor, an anonymous whale, has breathed new life into the frog-themed token, giving it a shot in the arm. In the unpredictable flow of the crypto space, the influence of well-to-do cryptocurrency whales has come into focus. These influential investors hold the power to sway market dynamics, often leaving smaller traders in their wake. The recent resurgence of PEPE is a striking illustration of the impact these whales can exert. According to Lookonchain’s data, a substantial investment of 1 million USDC secured a staggering 807 billion PEPE tokens, all acquired at an ostensibly modest price of $0.000001239 per token. This calculated move was spurred by a noticeable surge in PEPE’s market valuation. Whales: Catalysts Of PEPE’s Reawakening Notably, such substantial investments serve not only as a financial injection but also as a confidence boost within the PEPE community. The actions of this anonymous whale have ignited a renewed sense of hope, accentuating the noteworthy role that these influential figures play in steering the course of the cryptocurrency landscape. As PEPE tries to go up, there’s an important point coming up: the 50-day moving average resistance. This point is really important because it shows how strong PEPE is and where it might go next. If PEPE can go past this point, it could start climbing even more, bringing lots of positivity and interest to PEPE. CoinGecko data currently places PEPE’s price at $0.00000124, down 1.5% in the last day, but managed to sustain a weekly gain of 2.3%. These measured yet consistent advances underscore the inherent resilience that PEPE continues to exhibit, even in the face of broader market fluctuations. PEPE & Community Engagement’s Impact Lunarcrush’s data cited in a recent price analysis demonstrates a 1.9% increase in social interactions and an impressive surge of 28.25% in social mentions. This surge in online discussions underscores the vital role that community engagement plays in shaping the trajectory of meme coins like PEPE. Further enhancing the narrative, weighted sentiment, a pivotal marker of market sentiment, has recently experienced an upward swing. This shift indicates a heightened degree of positivity surrounding PEPE in online dialogues. Such shifts in sentiment often foreshadow broader market movements, potentially setting the stage for a notable resurgence of the token. With the noteworthy juncture of the moving average resistance level ahead, and the amplifying impact of community interactions and sentiment shifts, all eyes are on PEPE as it navigates its path forward. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from The New York Times

Crypto.com enhances ZKSYNC for faster Ethereum transactions. Cronos (CRO) sees 0.62% drop, trading at $0.05755. Singapore-based company Crypto.com has announced a significant upgrade to its cryptocurrency exchange platform. Users can now transact Ethereum (ETH) through the integration of ZKSYNC, a Layer 2 scaling solution known for its efficiency. Notably, ZKSYNC‘s Layer 2 technology has been gaining attention for its ability to tackle the scalability challenges faced by the Ethereum network. By incorporating ZKSYNC, Crypto.com aims to provide its users with a seamless trading experience, leveraging quicker transaction speeds. In a parallel regulatory advancement, Crypto.com secured the Market-Person In-Charge (MPI) license in June. By the incorporation of Layer 2 scaling solutions and adhering to regulatory requirements, it tries to position itself for competitiveness in the dynamic cryptocurrency market. Meanwhile, Amid the developments, Crypto.com’s native coin, Cronos (CRO), faces bearish momentum. Currently, the price stands at $0.05755 with a decline of 0.62% in 24 hours. And the trading volume is up 11.53%, resting at $8,657,101.

The crypto verse has recently witnessed a massive splash as an unidentified entity dove deep into the Ethereum ecosystem. A recent report from Lookonchain reveals that in a span of 24 hours, the whale has purchased $10 million worth of Lido Staked Ethereum (stETH). The Big Purchase And Past Activities Lookonchain, an on-chain analytics firm, broke the news earlier today on their X (formerly known as Twitter) account revealing that a whale address was responsible for the withdrawal of 10 million Dai (DAI) from Maker. According to the firm, this withdrawal wasn’t without purpose as the whale used the funds strategically invested to purchase 5,403 Lido Staked Ethereum, each at an average price of $1,851. For those tracing the activities of this whale, this isn’t a maiden voyage into the stETH seas. As reported by Lookonchain, this exact address recorded two hefty transactions on 24 July 2023. The first transaction saw the whale dispensing 5.17 million USD Coin (USDC) to acquire 2,802 stETH at a rate of $1,844 each. Not stopping there, the whale converted a subsequent 10 million USDC into 5,421 ETH, which was then fully transitioned to stETH. Possible Reasons For Buying stETH While the motives of crypto whales, just like their real-world counterparts, often remain beneath the surface and obscured from the prying eyes of small investors, given the nature of this particular whale’s stETH acquisitions, it’s plausible to hypothesize some reasons behind its latest move. Strategic staking could be a reason behind the whale’s $10 million stETH purchase. Ethereum’s transition to a proof-of-stake mechanism through ETH 2.0 has opened doors for staking returns. Acquiring stETH, a representation of staked ETH, could be a strategic move by the whale to earn rewards while maintaining liquidity. Another plausible hypothesis could be speculation for price appreciation. It is worth noting that the whale might anticipate a significant price appreciation in the near future and investing a sizable amount can yield substantial returns if the price moves in the favored direction. Diversification of their portfolio can also be a possible reason behind the whale’s substantial stETH purchase, especially given the significant amounts of USDC previously deployed by the whale, so moving some of these holdings into stETH may be a calculated strategy to achieve diversification. However, despite the large buys, stETH hasn’t seen any significant movement. Particularly, the asset has only declined by 0.5% with a current trading price of $1,850. Featured image from Unsplash, Chart from TradingView

TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to report its financial results for the three months and nine months ended June 30, 2023 (“Q3-2023”). All dollar figures are in United States dollars (“USD”), unless otherwise stated. Q3-2023 Operation Highlights: The Company completed the acquisition of all of the issued and outstanding shares from the minority ownership of Metaverse Group Ltd (“MGL”), effectively owning 100% of MGL. Metaverse Group Ltd added the team behind Startup Slang to its workforce and obtained exclusive access to its “Shoppable” technology, which links in-game purchase transactions to Shopify Plus storefronts. Hulk Labs (“Hulk”) announced the advanced development phase of creating a proprietary mobile phone-based web3 video game titled Astraeus Defense. Management is focused on further growth of its businesses, Metaverse Group and Hulk Labs. Those businesses are focused on innovation in the web3 sector in ways that are not tied to the performance of cryptocurrencies. Both businesses have made great strides in providing corporate and brand partners with new ways to engage their customers. We are focused on developing new ecommerce platforms to assist our business clients in shifting from web2 to web3. “During Q3, we have focused on investing in building IP in our platforms for future growth,” said Andrew Kiguel, CEO. “We have seen the sector developing quickly and believe that to succeed we need to stay ahead of the technology. Management is also actively seeking ways to scale, examining potential acquisitions, and preparing to aggressively pursue growth for the remainder of 2023 and beyond.” Metaverse Group Update In the face of prevailing economic headwinds, many Metaverse Group customers paused or scaled back their marketing budgets, leading to tempered Q3-2023 revenue. However, management remains optimistic by the growth of its pipeline, coupled with heightened interest from potential clients. Metaverse Group’s dedication to staying at the forefront of technological advancements is evident as MGL harnesses capabilities like Apple’s Vision Pro for Mixed Reality. Additionally, MGL announces its applications to development programs with both Apple and Unity, marking a significant stride in its journey. As Metaverse Group builds its intellectual property, it is also paving the way for its inaugural e-commerce product designed to foster seamless transactions within 3D virtual environments. Another highlight of MGL’s innovations is the development of its branded game portfolio. By collaborating with platforms such as Roblox and the Fortnite Create series, MGL is carving out a distinctive space for its brand in the gaming universe. These endeavors allow MGL not only to enhance its engagement with a wider audience but also to showcase the commitment to building emerging entertainment with state-of-the-art technology. Hulk Labs Update After the end of Q2-2023, Hulk Labs underwent a change in management and an operational review. The decision was made to no longer operate a player network. Hulk Labs still intends to use the Playte software to integrate third party players in its reviewed business plan. Going forward, Hulk will focus on gaming software and web3 game development. During Q3-2023, Hulk Labs has made significant progress on its core focus of developing gaming software and announced development of a web3 game called Astraeus Defense. Hulk Labs has focused its business on three core areas 1) Analytics dashboards for web3 gamers 2) Web3 game development, with the first title called Astraeus Defense and 3) Service delivery partner of branded games for clients. Hulk Labs is using the latest AI assistive tools in the game development process for Astraeus Defense. Hulk Labs uses AI tools in video development, character animation, art development, 3D asset development, voice acting and more areas to increase efficiency. Hulk Labs is constantly evaluating new tools and has received beta access to test new assistive AI technologies. Hulk sees a future where game development will be heavily influenced by the positive benefits of efficiency, cost reduction and creativity that assistive AI tools offer game designers. Another significant development in the web3 gaming space is Google enabling NFT’s in gaming apps in the Google Play Store. Hulk Labs in partnership with Metaverse Group is building a branded game for a company in the furniture industry, being developed in Unreal Engine and will launch in the Epic Games Store for Back To School. The game will be used as a marketing tool by the client to promote their back-to-school offerings. Q3-2023 Financial Highlights The Company recorded revenue of $129k for the three months ended June 30, 2023, compared to $251k for Q3-2022. For the nine months ended June 30, 2023, revenue was $584k, compared to $903k for the same period last year. Total cash and cryptocurrency holdings of $12.2 million, or CAD$16.2 million as of June 30, 2023. Total assets of $20.9 million or $0.18 per share (CAD$0.24 per share) as of June 30, 2023. Operating expenses were $1.2 million and $3.0 million, respectively, for the three and nine months ended June 30, 2023, compared to $753k and $5.0 million for the same periods last year. A non-cash gain on revaluation of its cryptocurrency assets of $83k million for the three months ended June 30, 2023, compared to a loss of $12.5 million for Q3-2022. On the nine-month ended basis, gain on revaluation was $1.5 million, compared to a loss of $15.6 million from the same period last year. Net loss of $902k for the three months ended June 30, 2023, compared to loss of $11.9 million for Q3-2022. For the nine months ended June 30, 2023, net loss was $879k, compared to loss of $7.8 million from the same period last year. A complete financial reporting package, including the Unaudited Condensed Consolidated Interim Financial Statements and Management’s Discussion & Analysis, is available on our corporate website (www.tokens.com), and the SEDAR website (www.sedar.com). An investor call has been scheduled to discuss the Company’s Q3-2023 financial results, hosted by CEO Andrew Kiguel, starting at 10:00 am ET on August 11, 2023. Conference Call Details: Date: August 11, 2023 Time: 10:00 a.m. ET Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_xb5kUpV2QMu4MRVFLfDGWg To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers. About Tokens.com Tokens.com Corp is a publicly traded technology company that builds web3 businesses and owns an inventory of digital assets. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) web3 gaming. Tokens.com owns digital assets and operating businesses within each of these three segments. Staking operations occur within Tokens.com. Metaverse real estate and ecomm3 solutions operations occur within a subsidiary called Metaverse Group. Web3 gaming operations occur within a subsidiary called Hulk Labs. All three businesses are tied together by the utilization of blockchain technology and are linked to high-growth macro trends within web3. Through sharing resources and infrastructure across these business segments, Tokens.com is able to efficiently incubate these businesses from inception to revenue generation. As a result of each of the three business segments owning digital assets, Tokens.com is required to mark-to-market these digital assets at the end of every reporting quarter. As a result, the Company’s financial statements will have non-cash related gains or losses based on the market performance of the digital assets owned from quarter-to-quarter. These non-cash revaluations of owned digital assets do not impact the operations or growth within our business segments. The digital assets are owned for the purpose of generating revenue within each business segment. In some instances, the Company may choose to dispose of certain assets if they no longer meet our ownership criteria. Visit Tokens.com to learn more. Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube. Forward-Looking Statements This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Contacts Tokens.com Corp. Andrew Kiguel, CEO Telephone: +1-647-578-7490 Email: [email protected] Jennifer Karkula, Head of Communications Email: [email protected] Media Contact: Ali Clarke – Talk Shop Media Email: [email protected]

Second quarter 2023 results include Apex Crypto, which was acquired on April 1, 2023 and rebranded Bakkt Crypto Solutions In accordance with GAAP, crypto services revenues and crypto costs and execution, clearing and brokerage fees are being presented on a gross basis Gross crypto services revenues of $335.3 million, which are partially offset by crypto costs and execution, clearing and brokerage fees of $334.0 million, reflect impact of Apex Crypto’s trading activity Total revenues of $347.6 million include gross crypto revenues and net loyalty revenues Total operating expenses of $398.7 million includes crypto costs and execution, clearing and brokerage fees and $17.0 million of acquisition-related expenses of which $12.1 million is non-cash Strong expansion of our client base with seven new clients recently signed, including in Latin America Updated full year 2023 outlook for revenues, operating cash flow and free cash flow (non-GAAP) reflects impact from acquisition of Apex Crypto and current macroeconomic environment Operating cash flow usage for full year 2023 expected to be $78 million – $84 million, down over 20% from previous guidance. Second half 2023 operating cash flow usage expected to be down over 75% from first half reflecting our focus on prudent expense management ALPHARETTA, Ga.–(BUSINESS WIRE)–Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) announced its financial and operational results for the quarter ended June 30, 2023. “We are pleased with the rapid momentum we built in the second quarter,” said Gavin Michael, President and CEO of Bakkt. “The closing of our acquisition of Apex Crypto at the beginning of the quarter was a pivotal moment for us. Our focused execution enabled us to provide a seamless experience for our clients, which included launching a new app for Webull in record time. We’ve been successfully expanding our broad reach in the crypto ecosystem with strong traction in new clients signed, and exciting new collaborations formed with Plaid and Fireblocks. We are making strong progress on our international go-to-market strategy and expect to launch our crypto capabilities in Latin America in the fourth quarter. In parallel, we are actively working to expand into the United Kingdom, European Union, Hong Kong and Australia. We are excited about the momentum we are building and our best-in-class platform positions us well for continued success.” Recent Strategic Highlights Crypto trading – Closed Apex Crypto acquisition and substantially complete with integration of our businesses, including rebranding to Bakkt Crypto Solutions. Strong progress expanding our platform and client network including: Webull – developed and launched new Webull Pay app and ACH funding1 functionality for Webull Pay customers in approximately 40 days. Significant opportunity to leverage ACH funding1 functionality for new and other existing clients. Expansion of client base – our advanced crypto trading capabilities are attracting strong interest from new clients, mostly in the fintech industry. Recently signed clients include invstr, Swan Bitcoin, Blockchain.com, Zaden, ibex and CryptoMom. We will extend our reach into Latin America with ibex. Our commercial agreement with Apex Fintech Solutions has been valuable in helping to drive some of these new client relationships. Partnership with Plaid – joining forces with Plaid where we will be one of Plaid’s crypto solution partners for their customers who are interested in offering crypto solutions to their end users. Plaid has an extensive network of more than 8,000 fintechs using their platform. Through the Plaid and Bakkt partnership, those fintechs will be able to easily and safely explore offering (Bakkt) crypto solutions to their users. Crypto custody – Continuing to invest in our best-in-class custody to enhance our offering with application redesign and new functionality to launch additional products. Successful expansion of our platform includes: Expansion of client base – our secure, reliable and trusted custody platform is benefiting from a flight to quality with strong increase in inbound client interest. We have successfully signed new custody clients and are engaged in late-stage negotiations with multiple prospects across broad client verticals. Collaboration with Fireblocks – signed new multi-faceted agreement, which includes providing Fireblocks Off-Exchange customers with our Disaster Recovery Services. We will also join the Fireblocks Qualified Custodian Network, part of the Fireblocks Network that is used every day by thousands of organizations to transfer over $3 trillion in digital assets, which will provide us with access to a broad network of over 1,800 institutions. Bakkt Second Quarter Financial Highlights (unaudited) Second quarter 2023 results include Apex Crypto, which we acquired on April 1, 2023. In accordance with GAAP, we are presenting crypto services revenue and crypto costs and execution, clearing and brokerage fees on a gross basis since we are a principal in those transactions. $ in millions 2Q23 2Q22 Increase/ (decrease) Revenues $347.6 $14.0 N.M. Operating expenses 398.7 57.6 N.M. Operating loss (51.1) (43.6) 17 % Net loss (50.5) (27.6) 83 % Adjusted EBITDA loss (non-GAAP) $(24.5) $(29.6) (17)% Note: “N.M” denotes Not Meaningful _____________ 1 Currently available in most states, awaiting regulatory approval in certain states. Key performance indicators (including historical Apex Crypto data for comparison purposes): Crypto enabled accounts of 6.0 million have continued to increase steadily. Transacting accounts of 1.2 million decreased 20% year-over-year, due to industrywide slowdown in crypto activity. Notional traded volume of $531 million decreased 51% year-over-year, due to industrywide decline in crypto trading volumes and lower hotel, rental car and merchandise loyalty redemption activity. Assets under custody of $660 million increased 3% year-over-year, primarily due to higher coin prices. Revenues of $347.6 million reflect a significant increase in gross crypto services revenues driven by Apex Crypto’s trading activity. Net loyalty revenues of $12.3 million decreased 8% year-over-year as subscription and service revenues were down due to a reduction in volume-based service revenues. Operating expenses of $398.7 million reflect a significant increase in crypto costs and execution, clearing and brokerage fees driven by Apex Crypto’s trading activity, as well as $17.0 million in acquisition-related expenses which includes a $10.4 million non-cash accrual related to the contingent stock earnout per the Apex Crypto purchase agreement. Operating loss of $(51.1) million increased 17% year-over-year driven by acquisition-related expenses, partially offset by improvement in compensation and benefits expense, due to lower headcount and share-based compensation expense. Net loss of $(50.5) million increased 83% year-over-year. Adjusted EBITDA loss (non-GAAP) of $(24.5) million decreased 17% year-over-year primarily due to a reduction in compensation and benefits costs and marketing expenses. Updated Full Year 2023 Outlook We are updating our full year 2023 guidance to reflect the impact from our acquisition of Apex Crypto and the current market environment: Full year 2023 revenues expected to be ~$2,132 million – ~$3,771 million; includes gross crypto revenues of ~$2,077 million – ~$3,716 million and net loyalty revenues of ~$55 million. Full year 2023 crypto costs expected to be ~$2,069 million – ~$3,702 million, in line with gross crypto revenues. Full year 2023 net cash used in operating activities expected to be ~($78 million) – ~($84 million). Prior full year 2023 guidance of ($100 million) – ($110 million). Full year 2023 free cash flow (non-GAAP) expected to be ~($90 million) – ~($96 million). Prior full year 2023 guidance of ($105 million) – ($115 million). Second half 2023 free cash flow (non-GAAP) usage outlook reflects a ~70-80% reduction from first half 2023 level reflecting our focus on prudent expense management. Webcast and Conference Call Information Bakkt will host a conference call at 9:00 AM ET, August 10, 2023. The live webcast of Bakkt’s earnings conference call can be accessed at https://investors.bakkt.com, along with the earnings press release and accompanying slide presentation. Investors and analysts interested in participating in the call are invited to dial (833) 470-1428 or (404) 975-4839, and reference participant access code 830313 approximately ten minutes prior to the start of the call. A replay will be available promptly after the call and can be accessed by dialing (866) 813-9403 and entering the access code 989042. The replay will be available through September 7, 2023. About Bakkt Founded in 2018, Bakkt builds solutions that enable our clients to grow with the crypto economy. Through institutional-grade custody, trading, and onramp capabilities, our clients leverage technology that’s built for sustainable, long-term involvement in crypto. Bakkt is headquartered in Alpharetta, GA. For more information, visit: https://www.bakkt.com/ | X (Formerly Twitter) @Bakkt | LinkedIn https://www.linkedin.com/company/bakkt/. Bakkt-E Source: Bakkt Holdings, Inc. Note on Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the impacts from the Apex Crypto acquisition, Bakkt’s guidance regarding Apex Crypto’s full year 2023 results, and Bakkt’s guidance, plans, objectives, expectations and intentions with respect to future operations, products, services, among others. Forward-looking statements can be identified by words such as “will,” “likely,” “expect,” “continue,” “anticipate,” “estimate,” “believe,” “intend,” “plan,” “projection,” “outlook,” “grow,” “progress,” “potential” or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of Bakkt’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and beyond Bakkt’s control. Actual results and the timing of events may differ materially from the results anticipated in such forward-looking statements as a result of the following factors, among others: Bakkt’s ability to grow and manage growth profitably; changes in Bakkt’s business strategy; changes in the market in which Bakkt competes, including with respect to its competitive landscape, technology evolution or changes in applicable laws or regulations; changes in the markets that Bakkt targets; disruptions in the crypto market that subject Bakkt to additional risks, including the risk that banks may not provide banking services to Bakkt; the possibility that Bakkt may be adversely affected by other economic, business, and/or competitive factors; the inability to launch new services and products or to profitably expand into new markets and services; the inability to execute Bakkt’s growth strategies, including identifying and executing acquisitions and Bakkt’s initiatives to add new clients; Bakkt’s failure to comply with extensive government regulation, oversight, licensure and appraisals; uncertain regulatory regime governing blockchain technologies and crypto; the inability to develop and maintain effective internal controls and procedures; the exposure to any liability, protracted and costly litigation or reputational damage relating to Bakkt’s data security; the impact of any goodwill or other intangible assets impairments on Bakkt’s operating results; the impact of any pandemics or other public health emergencies; Bakkt’s inability to maintain the listing of its securities on the New York Stock Exchange; and other risks and uncertainties indicated in Bakkt’s filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on such forward-looking statements. Such forward-looking statements relate only to events as of the date on which such statements are made and are based on information available to us as of the date of this press release. Unless otherwise required by law, we undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events. Definitions Crypto-enabled accounts: total crypto accounts open Transacting accounts: unique accounts that perform at least one transaction across crypto buy/sell and loyalty redemption each month. Monthly figures are de-duped for the month. Quarterly figure represents sum of all months in the quarter Notional traded volume: total notional volume of transactions across crypto buy/sell and loyalty redemption. Figures represent gross values recorded as of order date Assets under custody: the sum of coin quantities held by customers multiplied by the final quote for each coin on the last day of the quarter Non-GAAP Financial Measures Adjusted EBITDA is a non-GAAP financial measure, which we define as earnings before interest, income taxes, depreciation, amortization, acquisition-related expenses, share-based and unit-based compensation expense, goodwill and intangible assets impairments, restructuring charges, changes in the fair value of our warrant liability and certain other non-cash and/or non-recurring items that do not contribute directly to our evaluation of operating results and are not components of our core business operations. Adjusted EBITDA provides management with an understanding of earnings before the impact of investing and financing transactions and income taxes, and the effects of aforementioned items that do not reflect the ordinary earnings of our operations. This measure may be useful to an investor in evaluating our performance. Adjusted EBITDA is not a measure of our financial performance under GAAP and should not be considered as an alternative to net income (loss) or other performance measures derived in accordance with GAAP. Our definition of Adjusted EBITDA may not be comparable to similarly tied measures used by other companies. Non-GAAP financial measures like Adjusted EBITDA have limitations, should be considered as supplemental in nature and are not meant as a substitute for the related financial information prepared in accordance with GAAP. The non-GAAP financial measures should be considered alongside other financial performance measures, including net loss and our other financial results presented in accordance with GAAP. Reconciliation of GAAP Net Loss to Non-GAAP Adjusted EBITDA Loss (unaudited) $ in millions 2Q23 2Q22 Net loss $(50.5) $(27.6) Depreciation and amortization 3.8 6.1 Interest income, net (0.7) (0.2) Income tax expense (benefit) 0.2 (5.1) EBITDA $(47.2) $(26.8) Acquisition-related expenses 17.0 0.2 Share-based and unit-based compensation expense 4.4 7.1 Cancellation of common units — (0.0) (Gain) loss from change in fair value of warrant liability (0.4) (10.3) Restructuring expenses 0.2 — Transition services expense 1.5 0.3 Adjusted EBITDA loss $(24.5) $(29.6) Free Cash Flow is a non-GAAP financial measure. Free Cash Flow is cash flow from operations adjusted for “capitalized internal use software development costs and other capital expenditures” and “interest income.” We adjust for capitalized expenses associated with internally developed software for our technology platforms given they are a large component of our ongoing expense base given our position as a technology platform company. We provide Free Cash Flow because we believe that Free Cash Flow, when viewed with our results under GAAP, provides useful information for the reasons noted above. However, Free Cash Flow is not a measure of liquidity under GAAP and, accordingly, should not be considered as an alternative to net cash used in operating activities as an indicator of liquidity. Reconciliation of GAAP Operating Cash Flow to Non-GAAP Free Cash Flow (unaudited) FY 2023E $ in millions Low High Net cash used in operating activities $(78) $(84) Capitalized internal-use software development costs and other capital expenditures (4) (4) Interest income, net (8) (8) Free cash flow $(90) $(96) Consolidated Balance Sheets $ in millions As of 6/30/23 (unaudited) As of 12/31/22 Assets Current assets Cash and cash equivalents $84.5 $98.3 Restricted cash 24.9 16.5 Customer funds 0.5 0.6 Available-for-sale securities 14.9 141.1 Accounts receivable, net 21.0 25.3 Prepaid insurance 16.0 22.8 Safeguarding asset for crypto 659.7 15.8 Other current assets 7.8 6.1 Total current assets 829.2 326.5 Property, equipment and software, net 20.2 19.7 Goodwill 66.9 15.9 Intangible assets, net 67.7 55.8 Deposits with clearinghouse 15.3 15.2 Other assets 24.5 22.5 Total assets $1,023.7 $455.5 Liabilities and stockholders’ equity Current liabilities Accounts payable and accrued liabilities $52.4 $66.8 Customer funds payable 0.5 0.6 Deferred revenue, current 3.8 4.0 Due to related party 1.0 1.2 Safeguarding obligations for crypto 659.7 15.8 Other current liabilities 3.7 3.8 Total current liabilities 721.0 92.1 Deferred revenue, noncurrent 2.5 3.1 Warrant liability 1.4 0.8 Deferred tax liabilities, net — — Other noncurrent liabilities 38.9 23.4 Total liabilities 763.9 119.4 Stockholders’ equity Class A common stock ($0.0001 par value, 750,000,000 shares authorized, 91,286,095 shares issued and outstanding as of 6/30/23 and 80,926,843 shares outstanding as of 12/31/22) 0.0 0.0 Class V common stock ($0.0001 par value, 250,000,000 shares authorized, 183,279,887 shares issued and outstanding as of 6/30/23 and 183,482,777 shares outstanding as of 12/31/22) 0.0 0.0 Additional paid-in capital 791.2 773.0 Accumulated other comprehensive loss (0.2) (0.3) Accumulated deficit (707.3) (676.4) Total stockholders’ equity 83.8 96.3 Noncontrolling interest 176.1 239.8 Total equity 259.9 336.1 Total liabilities and stockholders’ equity $1,023.7 $455.5 Consolidated Statements of Operations (unaudited) $ in millions 2Q23 2Q22 Revenues: Crypto services $335.3 $0.7 Loyalty services, net 12.3 13.4 Total revenues 347.6 14.0 Operating expenses: Crypto costs 331.8 0.5 Execution, clearing and brokerage fees 2.2 — Compensation and benefits 27.1 34.2 Professional services 2.9 1.9 Technology and communication 4.4 4.2 Selling, general and administrative 7.6 9.8 Acquisition-related expenses 17.0 0.2 Depreciation and amortization 3.8 6.1 Related party expenses 1.5 0.3 Restructuring expenses 0.2 — Other operating expenses 0.2 0.5 Total operating expenses 398.7 57.6 Operating loss (51.1) (43.6) Interest income, net 0.7 0.2 Gain from change in fair value of warrant liability 0.4 10.3 Other (expense) income, net (0.3) 0.4 Loss before income taxes (50.4) (32.7) Income tax (expense) benefit (0.2) 5.1 Net loss (50.5) (27.6) Less: Net loss attributable to noncontrolling interest (33.7) (23.7) Net loss attributable to Bakkt Holdings, Inc. $(16.8) $(3.9) Net loss per share attributable to Class A common stockholders Basic $(0.19) $(0.05) Diluted $(0.19) $(0.05) Consolidated Statements of Cash Flows (unaudited) $ in millions 2Q23 2Q22 Cash flows from operating activities: Net loss $(50.5) $(27.6) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 3.8 6.1 Non-cash lease expense 0.7 0.8 Share-based compensation expense 4.1 8.0 Unit-based compensation expense 0.2 (1.0) Forfeiture and cancellation of common units — (0.0) Deferred income taxes — (5.1) Loss on disposal of assets 0.0 — Gain from change in fair value of warrant liability (0.4) (10.3) Other (0.2) (0.1) Changes in operating assets and liabilities: Accounts receivable 4.4 (2.0) Prepaid insurance 2.6 4.3 Deposits with clearinghouse 0.0 0.0 Accounts payable and accrued liabilities 4.9 (1.0) Due to related party 0.5 0.3 Deferred revenue (0.3) (0.6) Operating lease liabilities (0.7) 0.6 Customer funds payable (0.0) (0.0) Other assets and liabilities (0.3) 0.4 Net cash used in operating activities (30.9) (27.2) Cash flows from investing activities: Capitalized internal-use software development costs and other capital expenditures (2.3) (11.6) Purchase of available-for-sale securities — (189.2) Proceeds from the maturity of available-for-sale securities 52.2 — Acquisition of Bumped Financial, LLC — — Acquisition of Apex Crypto LLC, net of cash acquired (44.4) — Net cash provided by (used in) investing activities 5.4 (200.8) Cash flows from financing activities: Proceeds from the exercise of warrants — 0.0 Repurchase and retirement of Class A common stock (2.5) — Net cash (used in) provided by financing activities (2.5) 0.0 Effect of exchange rate changes 0.3 (0.4) Net decrease in cash, cash equivalents, restricted cash, cash held in escrow and customer funds (27.6) (228.4) Cash, cash equivalents, restricted cash, cash held in escrow and customer funds at the beginning of the period $137.9 $372.3 Cash, cash equivalents, restricted cash, cash held in escrow and customer funds at the end of the period $110.3 $143.9 Contacts Investor Relations Ann DeVries, Head of Investor Relations [email protected] Media Lauren Post, Head of Communications [email protected]

EDX has selected Solidus’ HALO platform, a leading crypto market integrity hub, as a central tool to manage and assess risk, prevent financial crime and comply with evolving regulatory requirements HOBOKEN, N.J.–(BUSINESS WIRE)–EDX Markets (EDX), the first-of-its-kind crypto exchange backed by a consortium of major Wall Street firms announced today that it has partnered with Solidus Labs to provide transaction monitoring across EDX’s platform. Through this partnership, EDX plans to provide customers with seamless end-to-end transactional risk management capabilities in order to maintain the highest compliance standards across the cryptocurrency industry and reflect key institutional best practices. Solidus Labs’ HALO, an automated, comprehensive and testable trade surveillance and market integrity hub tailored for digital assets, is currently used to monitor over 250 million events and $16 trillion in on- and off-chain trading volume per day across more than 150 markets, protecting more than 25 million individual and institutional investors. EDX will leverage Solidus Labs’ machine learning-powered detection models and Universal Client Risk Profile capability to identify unusual or suspicious activity on its platform, and review and coordinate the appropriate risk response. “Solidus’ transaction monitoring solution is a powerful addition to EDX’s suite of compliance measures,” said Chris Tyrrell, Chief Compliance Officer of EDX. “We are focused on bringing the best of traditional finance to cryptocurrency markets and are committed to ensuring safe and compliant trading. As an industry-leading provider of AML solutions for detection of money laundering and financial crime activities in crypto markets, Solidus will help us protect the integrity of our platform while meeting regulatory expectations and Wall Street-grade best practices.” “We are proud to support EDX’s vision and meet the demand for a safe and compliant cryptocurrency market,” added Asaf Meir, Solidus Labs’ Founder and Chief Executive. “Bridging traditional and digital finance through crypto-native risk mitigation tools is core to our mission, and we look forward to working together with EDX to continually increase the standards for safe and integrity-driven crypto trading.” Backed by a consortium of major financial institutions, EDX has opened trading as the crypto marketplace of choice for industry leaders and builds on best practices from traditional finance to provide customers with distinctive benefits including liquidity, competitive quotes and a unique, non-custodial model designed to mitigate conflicts of interest. EDX also introduced a retail-only quote to the crypto markets, allowing participants the benefit of better pricing for retail-originated orders. Products listed for trading on EDX include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). About EDX EDX Markets is a new digital asset marketplace designed to meet the needs of both crypto native firms and the world’s largest financial institutions. Backed by Citadel, Fidelity, Schwab, Virtu, Sequoia, Paradigm, and others, EDX enables safer, faster, and more efficient trading and settlement of digital assets, leveraging best practices from traditional financial markets on a purpose-built crypto platform. About Solidus Labs Solidus Labs is the category-definer for crypto-native market integrity solutions – trade surveillance, transaction monitoring, and threat intelligence. Our mission is to enable safe crypto trading throughout the investment journey across all centralized and DeFi markets. As the founder of industry leading initiatives like the Crypto Market Integrity Coalition and DACOM Summit, and in everything we do, Solidus is deeply committed to ushering in the financial markets of tomorrow. To learn more, please visit: https://soliduslabs.com/ Contacts EDX Media Contact [email protected] Solidus Labs Media Contact Trevor Davis Gregory FCA for Solidus Labs 443.248.0359 [email protected]

Earlier this week, popular American payment giant Paypal unveiled the launch of its USD-pegged PYUSD stablecoins to investors. In response, Democrat congresswoman Maxine Waters has raised palpable concerns that may or may not threaten the stablecoin’s operations. Waters Raises Regulatory Concerns Reacting to the news of Paypal’s PYUSD stablecoin launch, congresswoman Maxine Waters noted that the launch comes at a time when there was no legislative mechanism to regulate these assets. She stated that “given PayPal’s size and reach, federal oversight and enforcement of its stablecoin operations is essential in order to guarantee consumer protections and alleviate financial stability concerns.” She further noted that “stablecoins represent the issuance of a new form of money, making it integral that there are federal guardrails.” Waters’ recent comments are in contrast with those of the House Financial Services Committee Rep. Patrick McHenry, who had earlier lauded PayPal’s launch. According to him, the recent announcement was “a clear signal that stablecoin, if issued under a clear regulatory framework, holds promise as a pillar of our 21st century payment system” Last month, the US House Financial Services Committee also introduced a bill to set up a federal regulatory framework for stablecoins, focusing on guidelines for registration and licensing for stablecoin issuers. Although stablecoins have been around for several years, they have not been able to enjoy significant attention within the mainstream consumer payment ecosystem. Similar efforts by popular non-cryptocurrency firms, such as Meta Platforms, to launch stablecoin services faced harsh resistance from policymakers and global financial regulators. In the face of regulatory uncertainty, it is always critical whenever a lawmaker has something to say about virtual currencies. PayPal To Expand Into The Growing Stablecoin Industry According to a report published on August 9 by popular market analyst Bernstein, the stablecoin industry is projected to reach a $2.8 trillion valuation in the next five years. This represents a whooping 22x increase from the present $125 billion valuation of the industry, and PayPal is looking to take advantage of this expected increase through its recent release of the PYUSD stablecoin. The leading payment giant revealed that the stablecoin will be “100% backed by US dollar deposits, short-term US Treasuries, and similar cash equivalents.” The coins will be redeemable 1:1 for US dollars and issued by US-based Paxos Trust Co. Consumers will also be able to convert any crypto supported by PayPal to and from PayPal USD (PYUSD). However, aside from the current legislative tussle, PayPal will also face competition from existing players such as Tether and Circle. Tether’s USDT and Circle’s USDC are the largest stablecoins, with market caps of over $83 billion and $26 billion, respectively.

Mining contributed $64.7 million to the company’s top line during the period. The company earned an extra $13.5 million from its power curtailment credits. Riot Platforms, a Bitcoin mining company headquartered out of Colorado, cut its quarterly net loss to $27.7 million as it increased Bitcoin output and hit record hash rate capacity. A 27% year-over-year rise in Bitcoin output, although being somewhat offset by a fall in Bitcoin prices, led to the cryptocurrency miner’s total revenue of $76.7 million, up 5.2% from Q2 2022, as reported in the company’s results filing on August 9. New ATH Recorded Mining contributed $64.7 million to the company’s top line during the period, for a 64.7% share. The company earned an extra $13.5 million from its power curtailment credits. Meanwhile, the company’s net loss in Q2 shrank significantly from the same quarter a year ago, when it was $353.5 million. It was also almost 50% of the net loss reported in Q1 2023. While the average cost to mine a Bitcoin (BTC) for the firm in Q2 was $8,389, the company nevertheless managed to create 1,775 BTC at the end of the quarter. The mining company also set a new ATH with a hash rate of 10.7 EH/s and forecasts that it will grow to 20.1 EH/s by the second quarter of 2024 and 35.4 EH/s by the end of the following year. These projections reflect Riot’s late-June acquisition of 33,280 mining rigs, with the 35.4 EH/s number predicated on the assumption that Riot would eventually exercise its option to acquire an additional 66,560 miners at the same price and conditions. Riot’s stock price dropped by 4.42% throughout the day and another 0.86% in after-hours, just after the company announced its financial results. Highlighted Crypto News Today: Aave’s Earning Farm Exploited of $287K in Reentrancy Attack

OKB, the native cryptocurrency of the OKX exchange, has made a solid comeback after a lackluster performance in the latter half of July. As August dawned, the token’s price roared back to life, sparking optimism among investors and enthusiasts. The rally began during the first week of August, when OKX exchange’s investment arm announced a substantial $1 million Series A stake in Moonbox, a Hong Kong-based artificial intelligence and Web 3 startup, which garnered attention as an innovative player in the tech industry. The strategic investment not only infused fresh capital into Moonbox but also sent a signal to the market that OKX was actively seeking growth opportunities beyond the traditional cryptocurrency realm. This move was met with enthusiasm, causing the OKB token price to surge. Now, the question on everyone’s mind: Can this newfound bullish momentum drive OKB to reach new all-time highs? Token 2049 Further Boosts OKB Enthusiasm The excitement rose as OKX confirmed its prominent role as the headline participant in the upcoming TOKEN 2049 blockchain conference. This announcement rippled through the crypto community, attracting a wave of positive attention. The impact was immediate and pronounced – within a mere 24 hours of the news, OKB saw a surge in new users flocking to join its ecosystem. On-chain data analytics provided by Santiment underscored the significant influx of users into the OKB ecosystem. Prior to the Token 2049 sponsorship announcement, the Network Growth score for OKB stood at a modest 3 on August 2. However, following the conference announcement, the Network Growth score skyrocketed by an astonishing 630%, reaching a score of 22. This data suggests that the media spotlight and positive news surrounding OKB have piqued the interest of potential new investors and users. Price Surge And Circulating Supply Dynamics The momentum isn’t confined to user adoption alone. Over the past week, OKB’s trading volume has surged by an impressive 295.0%, indicating increased market activity and interest in trading the token. Furthermore, the circulating supply of OKB has inched up by 0.04% to surpass 60.00 million tokens. This amount represents approximately 20.0% of the token’s maximum supply of 300.00 million. At the time of writing, OKB’s price stands at $48.55 via CoinGecko, reflecting a 24-hour rally of 4.0% and a seven-day surge of 15.0%. The current bullish trajectory raises hopes that the price could breach its existing all-time high of $58.66. The strategic investments, positive media attention, and growing user base all paint a promising picture for the future of OKB. (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 Pixabay

Ethereum is currently dominating the DeFi and smart contract niches when it comes to the Total Value Locked (TVL). However, while Ethereum is still the king, other chains like Solana, Avalanche, and Polkadot compete to prove themselves worthy contenders to the throne. Solana, in particular, has seen some massive growth recently in terms of its total value locked (TVL). According to on-chain data from Messari, Solana outperformed other chains by achieving a total value-locked (TVL) gain of 14% over the course of the previous month. Solana Sees Massive Growth in Total Value Locked The aggregated TVL of the entire DeFi sector has been in a freefall since November 2022, and Solana hasn’t been exempted. However, Solana’s growth during the past month was driven in significant part by an increase in the TVL of protocols for staking and yielding based on Solana. TVL refers to the total amount of assets deposited in a decentralized finance (DeFi) protocol and is used as a metric to rank platforms. On-chain reports show that Solana grew its TVL by $45 million in July, corresponding to a 14.4% growth. According to DeFi Llama, Solana currently sits at the 9th position in terms of TVL locked in all chains. Solana is now at a TVL of $320.07 million, representing a massive growth from its $205.11 million TVL at the beginning of the year. While Ethereum still has the highest value with a TVL of $23.3 billion, it saw its TVL decline by 13% over the past month. Binance Smart Chain (BSC) also posted a monthly loss in TVL, dropping by 4.6% to $3.3 billion. How Far Can SOL Go In 2023? While the increase in TVL is due in part to an increase in the TVL of protocols, Solana also witnessed a surge in price at the beginning of July. Data from Coinmarketcap shows the price of Solana shot up from $18.9 on July 1 to $27.4 on July 16 to reach a market cap of $11.81 billion. Solana, along with Bitcoin, led the surge in the crypto market around this time period. As a consequence, the surge in Solana’s price led to a direct proportion in the value of the total assets locked in DeFi protocols on the chain. Despite having a TVL growth in the last month, user activity on the chain dropped toward the end of the month. Its market cap also dropped to $9.7 billion at the end of July, demonstrating the volatility of the crypto market. At the time of writing, Solana is trading at $24.85 and is up by 14.93% in a monthly timeframe. Although experts predict Solana can surge above $30 before the end of the year.

SEC seeks an interlocutory appeal in the legal case with Ripple. XRP has seen a 2% fall in the last 24H as per CoinMarketCap. After the partial win against the United States Securities and Exchange Commission (SEC), the crypto firm Ripple had seen a market surge with a positive impact. The SEC said that it will be seeking an interlocutory appeal, which is a review of a judgment prior to the full trial’s conclusion. Moreover, in a statement released on Wednesday, Judge Analisa Torres said that she would want to have a jury trial for this case planned for the second quarter of 2024. The letter to Judge Torres from the U.S. SEC indicates: Furthermore, the U.S. SEC added that there needs a certification of the court’s decision claimed by Judge Torres on Ripple’s securities. Concerning this, an attorney of Criminal Defense, James K. Filan condemned the legal battle proceedings of the SEC on the pending appeal, as an unexpected event at the moment. Thereby, the XRP’s price has been facing a fall of around 2% compared to the previous day. Also, there was a surge of 31.85% in trading volume over the last 24 hours. Moreover, the market cap has dropped 2.43% amid rising concerns over another prolonged legal battle. XRP 24H Price Chart (Source: CoinMarketCap) At the time of writing, XRP is trading at $0.6289 according to CoinMarketCap. Meanwhile, as per Judge Torres, the case has been kept on hold with the other issues coming up. And, it depicts the reassurance demanded by the SEC as the Judge has ruled out the judgment for the upcoming second quarter of the year 2024. The U.S. SEC continues to enforce regulatory scrutiny on the industry so that the laws and restrictions are maintained by the firms. When the crypto community felt that the battle between Ripple and the SEC has just ended, there comes another unexpected appeal being raised by the SEC. Related Crypto News: U.S SEC Hints at Appeal in Ripple Lawsuit; Setback for XRP?

In the rapidly evolving domain of cryptocurrency and blockchain technology, Jellyfish Mobile has positioned itself as a trailblazer, orchestrating a profound metamorphosis across crypto exchanges and mobile transactions. This article delves into the technical underpinnings that define Jellyfish Mobile’s pivotal role in redefining the crypto exchange landscape and reshaping mobile transactions into a secure, sophisticated, and user-centric ecosystem. The Intersection of Crypto Exchanges and Mobile Empowerment: Jellyfish Mobile stands at the intersection of traditional financial systems and cutting-edge technology, facilitating the fusion of digital assets with mobile interactions. This paradigm shift transcends conventional boundaries, envisioning a landscape where blockchain technology seamlessly integrates with crypto exchanges, resulting in the democratization of blockchain’s transformative potential. This vision is realized through Jellyfish Mobile’s innovative eSIM/uSIM technology, a cornerstone in both advancing crypto exchanges and enhancing user experiences. Innovative eSIM/uSIM Technology: A Fortress of Security: Central to Jellyfish Mobile‘s innovation is the groundbreaking eSIM/uSIM technology, which extends its influence beyond individual users to the broader realm of crypto exchanges. This technology’s importance lies not only in its user convenience aspects but also in its capacity to bolster the security infrastructure of crypto exchanges. The intricate architecture of the eSIM/uSIM technology empowers it to facilitate secure offline transactions, cold wallet management, and the establishment of a robust digital asset security framework within crypto exchanges. This integration serves as an impervious shield against the evolving landscape of potential threats. Jellyfish Mobile, acting as a vigilant guardian, sets an industry benchmark for security within crypto exchanges. Co-Branding: Merging Trust and Convenience: At the heart of Jellyfish Mobile’s ethos is a commitment to co-branding, a concept that transcends mere functionality to imbue user experiences within the dynamic crypto landscape. Within this framework, crypto exchanges partake in co-branding the distinguished eSIM/uSIM—an engagement that goes beyond mere utility to symbolize a seamless and unified mobile experience, aligned with the exchange’s distinct branding. This harmonious interplay of trust and convenience underscores Jellyfish Mobile’s dedication to elevating user experiences and its pivotal role as a catalyst within the crypto revolution narrative. Simplicity and Accessibility: Forging New Frontiers: Jellyfish Mobile’s contributions extend beyond security reinforcement; they encompass streamlining accessibility to crypto exchanges. The integration of robust APIs for direct integration into exchange applications ushers in a new era of user-friendly access. The intricate process of replenishing eSIM/uSIM for essential roaming data usage is transformed into a streamlined process, obliterating complexities that have historically hindered mobile interactions. The introduction of Jellyfish Mobile’s offline push feature adds another layer of sophistication by ensuring a secure channel of communication, catering to the evolving requirements of users and crypto exchanges. The Emergence of Novel Payment Channels: Amid the ongoing evolution of the crypto industry’s payment landscape, Jellyfish Mobile introduces a novel perspective. By leveraging the latent potential of SIM cards as innovative payment conduits and collaborating with credit card processors, Jellyfish Mobile pioneers a harmonious convergence of security, convenience, and financial inclusivity. This symbiotic alliance beckons both exchanges and users to embrace a transformative journey toward a future where simplicity and sophistication are intricately intertwined. Empowering Through the Initial Exchange Offering (IEO): The ongoing Jellyfish Mobile IEO is not merely a fundraising mechanism—it embodies a paradigm where resources serve as catalysts for technological progress. The IEO thrusts Jellyfish Mobile into the spotlight as a transformative force within the blockchain universe, driving synergistic growth between exchanges and users. As the IEO narrative unfolds, Jellyfish Mobile cements its identity as a pivotal agent of change, propelling a harmonious era of collaboration between exchanges and users. Holistic Approach to Crypto Exchanges and Mobile Transactions Jellyfish Mobile’s holistic strategy, which is the pioneer of this paradigm shift, not only answers the immediate issues encountered by crypto exchanges and mobile transactions, but also predicts the expanding needs of the digital ecosystem. Jellyfish Mobile bridges the gap between security and convenience by pushing innovative solutions that combine blockchain and mobile technologies. Its unwavering pursuit of excellence has not only reshaped the parameters of digital transactions, but has also paved the way for a more inclusive and linked future. Jellyfish Mobile’s effect promises to extend beyond the present as the digital age unfolds, having a tremendous impact on the fundamental fabric of financial relationships and technical growth. Conclusion Jellyfish Mobile appears as an embodiment of the hidden potential contained inside the digital era as the crescendo of invention echoes over the pathways of advancement. In a field where technological advancement is constant, Jellyfish Mobile seizes the foreground by spearheading a revolutionary movement. Jellyfish Mobile transforms the market for crypto exchanges and mobile transactions by strategic partnerships with crypto exchanges, innovative technology application, and an uncompromising commitment to user-centered interactions. Jellyfish Mobile builds the basis for a peaceful future in which the seamless fusion of security and ease of use sparks a revolution in how we interact with digital assets. Follow JellyFish Mobile on social media, Twitter: https://twitter.com/jellyfishmobile Telegram: https://t.me/jellyfishmobile Youtube: https://www.youtube.com/@jellyfishmobile 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.

Ethereum (ETH) has surged by 55% since the start of 2023, contributing to the market’s rebound. Ethereum consolidates around the $1800 mark, with attempts to breach the $1900 resistance level. Bullish sentiment is evident with Ethereum’s position above the 50-day EMA. The global cryptocurrency market is currently experiencing a recovery, largely attributed to XRP’s reclassification as a non-security in Ripple’s partial victory against the SEC. Additionally, Ethereum (ETH), the second-largest cryptocurrency, has witnessed a significant rally of over 55% since the beginning of 2023. The digital currency has managed to stage a notable recovery, moving from its previous range of around $1,500 to the $2,000 range, marking a 34% increase in a month. Similarly, after breaching $1,685, the price of ETH has continued to consolidate around the $1,800 mark. This strong surge in the price of Ethereum has caught the attention of investors, bolstering market sentiment. Despite its recent rally, Ethereum has struggled to surpass the $1,900 mark, experiencing a 9% decline from its recent peak of $2,022, which was recorded on July 13. This downward trend has led to a 5% drop in trading volume, which now hovers at $5.5 billion. Analyzing Ethereum’s (ETH) Price Action The daily price chart reveals a positioning above the 50-day Exponential Moving Average (EMA), highlighting the notable bullish sentiment. Currently, the 50 EMA stands at $1,848, underscoring a potential support level. Ethereum (ETH) Price Chart (Source: TradingView) Further, Ethereum’s 50-day Moving Average (50MA) is nearing its 200-day Moving Average (200MA). This crossing would hold significance for Ethereum price actions in the future. On the other hand, the Relative Strength Index (RSI) on the daily basis chart displays that ETH’s price is nearing the neutral zone at 47.64. Also, bulls aim to overcome the challenge posed by the 20-day EMA, potentially paving the way for an upward movement towards the $2,000 threshold. Furthermore, if the bullish trend continues, there’s a possibility of the ETH/USDT pair surging to $1,917 and potentially even reaching $2,018. Conversely, if the trend reverted, the bearish sentiment could potentially push its price downward, with experts warning of possible declines to $1,600 or even $1,458. According to CoinMarketCap, the current price of Ethereum stands at $1,849, with a decline of 0.42% in the last 24 hours. Anticipating an ETH pump? Share your thoughts with us by tweeting @TheNewsCrypto. We’d love to hear your perspective! Highlighted Crypto News Coinbase’s “Base” Launch Ignites Community Excitement