The incident was reported by blockchain security firm PeckShield. Users should remove access to keep their funds and activities secure. On August 9, PeckShield, a blockchain security company, announced new vulnerabilities affecting DeFi initiatives. The company claims that a reentrancy assault affected Aave’s Earning Farm, leading to the loss of at least $287,000 in Ether. A reentrancy attack occurs when an attacker repeatedly submits and withdraws a money request in an attempt to trick the system into giving the attacker more money than it really possesses. Similarly, cybercriminals use this technique to their advantage by repeatedly calling functions that interact with contracts. Before the initial function call is done in order to get unauthorized access to resources. Rising DeFi Attacks Users should remove access to keep their funds and activities secure. Also, by taking this measure, one may be certain that their accounts are safe from additional intrusion or harmful activity. It’s not apparent whether this assault has anything to do with the exploits that have been found in Curve Finance’s pool. On July 30th, reentrancy attacks drained nearly $61 million from the DeFi protocol’s stable pools. Earning Farm blockchain contracts were reviewed by security company Slowmist, as claimed on its website. Moreover, attacks on the protocol are nothing new. Earning Farm had 750 ETH stolen from their system in two separate flash loan incidents in October 2022. In flash loan attacks, the hacker borrows a significant quantity of crypto in a single transaction, alters its value over a series of transactions. And then pays back the loan, all inside the same transaction. These assaults make money off of pricing discrepancies and short-term inefficiencies in the protocol. Highlighted Crypto News Today: U.S SEC Fights Back; Files Interlocutory Appeal in Ripple Lawsuit

Bullish WBTC price prediction for 2023 is $30190.68 to $31906.50. Wrapped Bitcoin (WBTC) price might reach $32500 soon. Bearish WBTC price prediction for 2023 is $27444.39. In this Wrapped Bitcoin (WBTC) price prediction 2023, 2024-2030, we will analyze the price patterns of WBTC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Wrapped Bitcoin (WBTC) Current Market Status What is Wrapped Bitcoin (WBTC)? Wrapped Bitcoin (WBTC) 24H Technicals WRAPPED BITCOIN (WBTC) PRICE PREDICTION 2023 Wrapped Bitcoin (WBTC) Support and Resistance Levels Wrapped Bitcoin (WBTC) Price Prediction 2023 — RVOL, MA, and RSI Wrapped Bitcoin (WBTC) Price Prediction 2023 — ADX, RVI Comparison of WBTC with BTC, ETH WRAPPED BITCOIN (WBTC) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Wrapped Bitcoin (WBTC) Current Market Status Current Price $29,536.39 24 – Hour Price Change 0.68% Down 24 – Hour Trading Volume $152,699,511 Market Cap $4,790,964,627 Circulating Supply 162,205 WBTC All – Time High $67,011.00 (On Nov 16, 2021) All – Time Low $3,330.12 (On Feb 06, 2019) WBTC Current Market Status (Source: CoinMarketCap) What is Wrapped Bitcoin (WBTC) TICKER WBTC BLOCKCHAIN Ethereum CATEGORY ERC-20 token LAUNCHED ON Januray 2019 UTILITIES Governance, Fast Transactions, gas fees & rewards Wrapped Bitcoin is an ERC20 token representing Bitcoin on the Ethereum blockchain. There is a 1:1 ratio of Bitcoin behind every WBTC. Wrapping Bitcoin can transfer Bitcoin faster on the Ethereum blockchain and opens up the possibility of using BTC on the Ethereum ecosystem. Wrapped Bitcoin 24H Technicals (Source: TradingView) Wrapped Bitcoin (WBTC) Price Prediction 2023 Wrapped Bitcoin (WBTC) ranks 14th on CoinMarketCap in terms of its market capitalization. The overview of the Wrapped Bitcoin price prediction for 2023 is explained below with a daily time frame. WBTC/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Wrapped Bitcoin (WBTC) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend. Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts. At the time of analysis, the price of Wrapped Bitcoin (WBTC) was recorded at $29,536.39. If the pattern trend continues, then the price of WBTC might reach the resistance levels of $30140.81, and $31929.40 If the trend reverses, then the price of WBTC may fall to the support of $28496.77. Wrapped Bitcoin (WBTC) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Wrapped Bitcoin (WBTC) in 2023. WBTC/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Wrapped Bitcoin (WBTC) for 2023. Resistance Level 1 $30190.68 Resistance Level 2 $31906.50 Support Level 1 $28544.90 Support Level 2 $27444.39 WBTC Resistance & Support Levels Wrapped Bitcoin (WBTC) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (WBTC) are shown in the chart below. WBTC/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Wrapped Bitcoin (WBTC) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $29946.2Price = $29809 (50MA> Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 55.78 <30 = Oversold 50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Wrapped Bitcoin (WBTC) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Wrapped Bitcoin (WBTC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). WBTC/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Wrapped Bitcoin (WBTC). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 8.2 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 77.66 <50 = Low >50 = High High volatility Comparison of WBTC with BTC, ETH Let us now compare the price movements of Wrapped Bitcoin (WBTC) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs WBTC Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of WBTC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of WBTC also increases or decreases respectively. Wrapped Bitcoin (WBTC) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Wrapped Bitcoin (WBTC) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Wrapped Bitcoin (WBTC) Price Prediction 2024 $32565 $27450 Wrapped Bitcoin (WBTC) Price Prediction 2025 $32574 $27459 Wrapped Bitcoin (WBTC) Price Prediction 2026 $32582 $27464 Wrapped Bitcoin (WBTC) Price Prediction 2027 $32590 $27471 Wrapped Bitcoin (WBTC) Price Prediction 2028 $32605 $27476 Wrapped Bitcoin (WBTC) Price Prediction 2029 $32620 $27483 Wrapped Bitcoin (WBTC) Price Prediction 2030 $32635 $27490 Conclusion If Wrapped Bitcoin (WBTC) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Wrapped Bitcoin (WBTC) price prediction for 2023 is $31906.50. Comparatively, if unfavorable sentiment is triggered, the bearish Wrapped Bitcoin (WBTC) price prediction for 2023 is $27444.39. If the market momentum and investors’ sentiment positively elevates, then Wrapped Bitcoin (WBTC) might hit $32500. Furthermore, with future upgrades and advancements in the Wrapped Bitcoin ecosystem, WBTC might surpass its current all-time high (ATH) of $67,011.00. and mark its new ATH. FAQ 1. What is Wrapped Bitcoin (WBTC)? Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin that runs on the Ethereum blockchain. 2. Where can you purchase Wrapped Bitcoin (WBTC)? Wrapped Bitcoin (WBTC) has been listed on many crypto exchanges which include Binance, OKX, Deepcoin, Bitrue, and Bybit. 3. Will Wrapped Bitcoin (WBTC) reach a new ATH soon? With the ongoing developments and upgrades within the Wrapped Bitcoin Platform, WBTC has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Wrapped Bitcoin (WBTC)? On Nov 16, 2021, Wrapped Bitcoin (WBTC) reached its new all-time high (ATH) of $67,011.00. 5. What is the lowest price of Wrapped Bitcoin (WBTC)? According to CoinMarketCap, WBTC hit its all-time low (ATL) of $3,330.12, On Feb 06, 2019. 6. Will Wrapped Bitcoin (WBTC) reach $32500? If Wrapped Bitcoin (WBTC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $32500 soon. 7. What will be Wrapped Bitcoin (WBTC) price by 2024? Wrapped Bitcoin (WBTC) price is expected to reach $32565 by 2024. 8. What will be Wrapped Bitcoin (WBTC) price by 2025? Wrapped Bitcoin (WBTC) price is expected to reach $32574 by 2025. 9. What will be Wrapped Bitcoin (WBTC) price by 2026? Wrapped Bitcoin (WBTC) price is expected to reach $32582 by 2026. 10. What will be Wrapped Bitcoin (WBTC) price by 2027? Wrapped Bitcoin (WBTC) price is expected to reach $32590 by 2027. Top Crypto Predictions Pepe (PEPE) Price Prediction 2023 Helium (HNT) Price Prediction 2023 Conflux (CFX) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Aptos (APT) has scored a major deal with tech giant Microsoft yesterday. However, the announcement of a “partnership” between Aptos Labs and tech giant Microsoft has raised eyebrows and ignited debates across the crypto community if this is just smoke and mirrors. With the APT token witnessing a surge of nearly 20% following the news, and a significant token unlock looming, the timing and nature of this partnership have come under scrutiny. Aptos-Microsoft Deal Just A Click? In the official press release, Aptos Labs revealed its plans to integrate Microsoft’s artificial intelligence (AI) technology. The collaboration aims to introduce a range of tools and services, including the Aptos Assistant chatbot, powered by Microsoft’s Azure OpenAI Service. The chatbot is designed to assist users with queries about the Aptos ecosystem and offer resources to developers crafting smart contracts and decentralized applications. CEO Mo Shaikh commented on the convergence of AI and blockchain, stating, “Artificial intelligence and blockchain technologies are quickly converging for one important reason: They are both generational breakthroughs that profoundly impact the evolution of the internet and shape society.” However, the partnership’s announcement has not been without its critics. Renowned crypto analyst @DefiSquared, known for being the top-ranked trader on Bybit, took to Twitter to express his skepticism. He pointed out, “lmao what. Did you guys really just pump Aptos 15% on the “news” that it’s paying to use Microsoft Azure services? Seems like an obvious short on a chain that yes, still has no users and an $8 bil valuation with an infinite token supply and 100% annual emissions.” @DefiSquared further highlighted the timing of the news, just two days (on Friday) before more than 4.5 million APT tokens (2% of the circulating supply) will be unlocked, suggesting potential ulterior motives. He also shared a screenshot from Microsoft’s website, indicating the ease with which entities can join the Microsoft AI Cloud partner program, sarcastically remarking, “Aptos really clicked ‘Enroll at no cost and become a partner today’ and added a billion dollars to their market cap. Who knew it was that easy?” While the partnership promises to explore blockchain-based financial services, including asset tokenization and central bank digital currencies, the specifics remain vague. Aptos’ representative emphasized the collaborative nature of the partnership, stating, “This is a collaboration from day one. Aptos Labs’ team of AI experts, Ph.Ds, and Web3 developers are working directly with Microsoft’s AI team to train models, integrate AI technology into the Aptos Assistant and GitHub elements integrating with Aptos’ blockchain.” APT Price Analysis As the crypto community continues to dissect the nuances of this partnership, the question remains: Is this a genuine stride forward for Aptos, or a well-timed PR move to buoy token prices ahead of a significant unlock for venture capitalists (VCs)? Only time will tell. At press time, the APT price stood at $7.27. Thus, APT failed to post a higher high. The price has already bounced downwards off the resistance at $7.98 and also ahead of the 200-day EMA as well as the 23.6% Fibonacci retracement level.

Chainlink’s LINK price is showing positive signs pace above $7.20. The price could rise further if it stays above the $7.30 support zone. Chainlink token price is showing positive signs and rising from $7.00 against the US dollar. The price is trading above the $7.30 level and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could gain bullish momentum above the $7.35 resistance zone. Chainlink (LINK) Price Eyes More Gains After a short-term downside correction, LINK price found support near the $6.95 level against the US Dollar. A low was formed near $6.933 and the price started a fresh increase, unlike Bitcoin and Ethereum. There was a clear move above the $7.10 and $7.20 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK/USD pair. Finally, the pair traded close to the $8.00 zone. A high is formed near $7.914 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high. Source: LINKUSD on TradingView.com LINK price is now trading above the $7.30 level and the 100 simple moving average (4 hours). It is now facing resistance near the $7.80 level. The first major resistance is near the $7.95 zone. A clear break above $7.95 may possibly start a fresh increase toward the $8.20 and $8.255 levels. The next major resistance is near the $8.50 level, above which the price could revisit $8.80. Dips Supported? If Chainlink’s price fails to climb above the $7.95 resistance level, there could be a downside correction. Initial support on the downside is near the $7.50 level and the 100 simple moving average (4 hours). The next major support is near the $7.30 level and 61.8% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high, below which the price might test the $7.10 level. Any more losses could lead the price toward the $7.00 level in the near term. Technical Indicators 4 hours MACD – The MACD for LINK/USD is losing momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for LINK/USD is now above the 50 level. Major Support Levels – $7.50 and $7.30. Major Resistance Levels – $7.80 and $7.95.

Amidst a more extensive revival in the cryptocurrency market, the value of Shiba Inu has witnessed a significant upward trend today, giving investors of the meme coin a reason to be happy. The surge in its value can be attributed not only to the prevailing favorable feeling in the cryptocurrency industry, but also to a fundamental reason that is bolstering its worth. According to data from the crypto market tracker Coingecko, as of the time of writing, the trading price of SHIB reached $0.00000974, reflecting a notable increase of nearly 3% within the past 24 hours. Furthermore, the data reveals that SHIB has demonstrated a commendable upward trend of 18.2% over the course of the previous seven days. On Wednesday, the cryptocurrency SHIB experienced a significant increase of approximately 5.75%, reaching a value of $0.00001005. This upward movement is part of an ongoing pattern of recovery that commenced two days prior. In aggregate, the price has undergone a reversal of nearly 15% from its most recent nadir of $0.0000947. As the situation progressed, it can be observed from an on-chain standpoint that a significant number of the wealthiest addresses associated with Shiba Inu had acquired a notable quantity of SHIB tokens during its recent price recovery over the course of the previous two days. Within the realm of cryptocurrency, specifically in relation to canine-themed currencies, Shiba Inu has garnered substantial interest due to its remarkable surge in popularity. Through a dedicated pursuit of diverse advancements, the network strives to emancipate itself from being narrowly categorized as a mere cryptocurrency associated with memes. One notable example that deserves attention is Shibarium, which distinguishes itself as an innovative layer-2 scaling solution. The diligent endeavors devoted to its creation are approaching the point of realization, with a prospective launch scheduled for the current month. The imminent technological milestone is eliciting increased enthusiasm among the community, not just because to the development in technology it represents, but also because of the wider ramifications it may entail. Simultaneously, this positive advancement corresponds with a dominant sense of expectation of a significant change in the direction of the asset’s value. The confluence of Shibarium’s launch and the anticipated fluctuation in price intersect to generate a juncture of considerable prospective metamorphosis for the ecosystem. The convergence of technological innovation and market dynamics is being closely observed by stakeholders, who are eager to assess the collective influence on the project’s progress and its market value. Meanwhile, according to the principal inventor of the pseudonymous memecoin, Shytoshi Kusama, Shiba Inu’s forthcoming blockchain-based digital identity initiative is expected to offer a wide range of applications that will contribute to the preservation of decentralization. The official Twitter account of Shib, an ecosystem within the cryptocurrency space, has made an announcement stating that Kusama intends to incorporate Self-Sovereign Identity (SSI) into all Shiba Inu enterprises. SSI refers to a blockchain-driven identification solution that bears resemblance to digital passports. This solution empowers users with absolute authority over the storage and utilization of their personal identity information. (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 VectorStock

Coinbase pioneers a public company-launched decentralized blockchain, Base. It aims for diverse revenue streams through blockchain operations and dApps. Coinbase, the leading US-based cryptocurrency exchange, has stridden in the crypto world by officially launching its decentralized blockchain, Base. It became the first publicly traded company to introduce its proprietary blockchain. The journey began earlier this year with the introduction of Base’s testnet in February, followed by a developer release in July. Now, with the commencement of the “on-chain summer” celebration, encompassing on-chain art, gaming, and more, the network’s mainnet has been unleashed. Brian Armstrong, the founder of Coinbase tweeted, “Base mainnet is now live, with 100+ apps and services… with low gas fees, fast speeds, and secure transactions settled on Ethereum”. What is the Aim Behind “Base” ? The community considers the launch of Base isn’t just a technological advancement but also a strategic business move for Coinbase. The company, already renowned for its closely tracked crypto stocks. I envisions generating revenue not only from its blockchain operations but also from the array of applications built on top of them. Meanwhile, Coinbase stepped into decentralized applications (dApps), and the goal of reaching one billion people was envisioned by CEO Brian Armstrong in 2016. Noteworthy is that Coinbase also headlined its Nasdaq listing in April 2021. Technically, Base functions as a “layer 2” blockchain, built upon Ethereum‘s foundation, utilizing OP Stack software from Optimism. Even prior to its public debut, Base attracted a substantial $139 million in deposits within its apps and protocols. This vaults Base to the fifth-largest layer-2 blockchain, following notable contenders like Arbitrum One and OP Mainnet. The Coinbase community celebrates the launch by saying, “Bold move, but remember – every revolution faced its doubters. Welcome to the front lines of the next financial era.”

Ethereum price is aiming for a fresh increase above the $1,880 zone against the US Dollar. ETH could rally unless there is a close below the $1,830 support. Ethereum is facing major resistance near $1,875 and $1,880. The price is trading above $1,830 and the 100-hourly Simple Moving Average. There is a bullish flag pattern forming with resistance near $1,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $1,860 and $1,880 resistance levels. Ethereum Price Holds Support Ethereum’s price started a decent increase from the $1,800 zone. ETH climbed above the $1,850 and $1,860 levels. However, the bears are still active near $1,880, similar to Bitcoin. A high was formed near $1,876 and the price saw a downside correction. There was a move below the $1,860 level. The price declined below the 23.6% Fib retracement level of the upward move from the $1,800 swing low to the $1,876 high. Ether is now trading above $1,830 and the 100-hourly Simple Moving Average. There is also a bullish flag pattern forming with resistance near $1,860 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com On the upside, immediate resistance is near the $1,860 level and the trend line. The first major resistance is near the $1,875 level. The next key resistance is near the $1,880 level, above which the price might rise toward the $1,920 zone. Any more gains might send the price toward the $2,000 hurdle. A close above the $2,000 level could set the pace for a larger increase. Fresh Decline in ETH? If Ethereum fails to clear the $1,880 resistance, it could start another decline. Initial support on the downside is near the $1,845 level and the 100-hourly Simple Moving Average. The first major support is near the $1,835 zone or the 50% Fib retracement level of the upward move from the $1,800 swing low to the $1,876 high, below which the price might test the $1,820 support zone. The next major support is near the $1,800 support level. Any more losses might start a strong decline to $1,720. 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 – $1,830 Major Resistance Level – $1,880

In a meticulously detailed letter to Judge Analisa Torres of the Southern District of New York, the US Securities and Exchange Commission (SEC) has delineated its grounds for seeking an interlocutory appeal against Ripple Labs Inc. This move, which has sent ripples (pun intended) through the XRP community, focuses on the intricate legalities surrounding Ripple’s sales and distributions of XRP. Ripple Vs. SEC: Interlocutory Appeal Incoming The SEC’s primary contention revolves around Ripple’s “programmatic” sales to XRP buyers over crypto asset trading platforms and Ripple’s “other distributions” in exchange for labor and services. The regulatory body asserts that these transactions should be classified as offers or sales of securities, drawing upon the precedent set by the Howey case. The SEC’s letter states, “Specifically, the SEC seeks to certify the Court’s holding that Defendants’ ‘Programmatic’ offers and sales to XRP buyers over crypto asset trading platforms and Ripple’s ‘Other Distributions’ in exchange for labor and services did not involve the offer or sale of securities under SEC v. W.J. Howey Co., 328 U.S. 293 (1946).” Delving deeper into the document, the SEC underscores the existence of an intra-district split (Judge Jed Rakoff’s ruling in the SEC vs. Terra case) indicating that there are substantial grounds for differences in legal opinion. The letter points out, “Interlocutory review is warranted here. These two issues involve controlling questions of law on which there is substantial ground for differences of opinion, as reflected by an intra-district split that has already developed.” The SEC further draws attention to the potential implications of the court’s previous order, suggesting that it could influence a multitude of pending litigations. The document reads, “The Programmatic Sales and Other Distributions rulings concern issues that may arise in various pending cases, including many in this Circuit where the alleged investment contracts were offered and sold by issuers – like Ripple – on crypto asset trading platforms or for non-cash consideration.” Jeremy Hogan, a legal luminary in the XRP community, weighed in, noting, “AND… the SEC continues making questionable decisions, requesting an interlocutory appeal. Note that it is NOT appealing whether XRP itself is a security – just its losses on the programmatic and individual sales issues.” Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), clarified the SEC’s intent, emphasizing that the regulatory body is in the preliminary stages of seeking the court’s permission for the appeal. He stated, “The SEC does not have the right to appeal just yet which is why they are asking permission to file an interlocutory appeal. Ripple will file its response with the Court next week.” XRP Price Despite the intricate legal maneuvers and the potential ramifications, XRP’s market price has remained notably stable, suggesting a mature market response to the ongoing legal developments. At press time, XRP actually saw a slight uptick, trading at $0.6378.

Bitcoin price started a downside correction from $30,200. BTC is now trading near the previous breakout resistance at $29,400. Bitcoin is correcting gains and trading below the $29,800 level. The price is trading above $29,400 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support near $29,840 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $29,400 support zone. Bitcoin Price Holds Support Bitcoin price started a decent increase above the $29,400 and $29,500 resistance levels. BTC even broke the $30,000 level but there was no daily close. A high was formed near $30,190 and the price started a downside correction. There was a move below the $30,000 and $29,800 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $28,628 swing low to the $30,190 high. Besides, there was a break below a key bullish trend line with support near $29,840 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $29,400 and the 100 hourly Simple moving average. It is also holding the key pivot zone at $29,400. It is close to the 50% Fib retracement level of the upward move from the $28,628 swing low to the $30,190 high. Immediate resistance is near the $29,680 level. The first major resistance is near the $29,800 level. The next major resistance is near the $30,000 level, above which the price could revisit $30,200. Source: BTCUSD on TradingView.com A close above the $30,200 resistance might start another steady increase. In the stated case, the price could test $31,200 or even $32,000 in the coming days. More Losses In BTC? If Bitcoin fails to clear the $29,800 resistance, it could start a fresh decline. Immediate support on the downside is near the $29,400 level. The next major support is near the $29,300 level or the 100 hourly SMA. A downside break below the $29,300 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 $28,680 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 – $29,400, followed by $29,300. Major Resistance Levels – $29,800, $30,000, and $30,200.

XRP has halted its decline by rising above the $0.60 price level. In the past 24 hours, its value increased by nearly 6%. However, XRP hasn’t yet shown significant gains on the weekly chart. The technical analysis suggests a positive trend for XRP, but there’s a chance that the coin could face more downward movement in the upcoming trading sessions. If buyers push the price higher, XRP might maintain its position above the current price level. Moreover, breaking through two crucial resistance levels could lead to a potential surge of over 9%. For XRP to keep rising, the broader market must provide support, particularly Bitcoin’s movement beyond the $30,000 zone. If buying momentum doesn’t recover, XRP might experience a decline and drop below its local support line. The increasing market capitalization of XRP indicates active buyer participation at the present moment. XRP Price Analysis: One-Day Chart At the time of writing, the altcoin was priced at $0.65. This value has presented significant resistance for the altcoin in recent weeks. The upcoming trading sessions hold critical importance as XRP must effectively surpass this level. Failing to achieve this could trigger a subsequent decline in the price. Furthermore, overhead resistance levels are $0.67, followed by $0.69. Should XRP successfully breach the $0.69 mark, the altcoin might trade around the $0.72 range. Conversely, a local support level is positioned at $0.63. Should the price dip below this threshold, it could potentially descend to $0.60, ultimately pausing the overall bullish sentiment. Technical Analysis For demand, XRP’s chart indicates its current state as overbought. The Relative Strength Index has reached 70, indicating buyers currently influence the price direction. This could imply the potential for a price correction in the upcoming trading sessions. While such a correction might not be prolonged, any drop in XRP’s value below $0.63 might reduce buyer activity. The asset’s price remained positioned above the 20-Simple Moving Average line. This observation signifies an increasing demand and emphasizes buyers’ role in steering the market’s price dynamics. Furthermore, the altcoin has generated buy signals in response to the rising demand. These buy signals are represented by the emergence of green histograms in the Moving Average Convergence Divergence indicator, signaling a bullish sentiment. Additionally, the Directional Movement Index presents a positive outlook, with the +DI (blue) line positioned above the -DI (orange) line, indicating a favorable price trajectory. Moreover, the Average Directional Index (Red) has crossed the 40 mark, implying an increase in the strength of the price trend. This development suggests XRP could yield additional gains in the near-term trading sessions.

One week after the highly anticipated Litecoin halving event on August 2, on-chain data reveals that the network’s hash rate, a key measure of computing power channeled to the network, is steady but erratic. As of August 9, trackers indicate that the Litecoin network’s hash rate is hovering around 760 TH/s, a notable decrease from the all-time peak of 816 TH/s recorded in late July 2023. Litecoin Prices Steady But Lower, Rally Incoming? Litecoin prices, on the other hand, are firm but down in the previous week of trading. CoinMarketCap data on August 9 shows that LTC is changing hands at $83, down 5% over the past week. What’s clear is that prices are moving tightly inside a consolidation range. Despite this dip, LTC is relatively resilient, up 17% from June 2023 lows. However, from a top-down preview, the coin is down 26% from the 2023 highs. In the medium term, LTC remains bullish since bears have failed to unwind gains posted from mid-June to mid-July 2023. Whether bulls will maintain control after halving, however, is also unclear. If past performance guides, there is a glimmer of hope for bulls. The previous Litecoin halving in August 2019 was several months before LTC ripped to $400 in 2021. Even so, before this spike, LTC prices nearly halved from $66 to $35 in December 2019. Unlike previous halvings, the crypto space has matured, and regulatory clarity has improved, particularly concerning Bitcoin—the foundational protocol from which Litecoin emerged. For instance, while most US regulators consider Bitcoin a commodity, the Securities and Exchange Commission (SEC) is cautious toward other altcoins. Tracking On-Chain Metrics To Gauge Interest Considering the above challenges and regulatory uncertainty, the interconnection between hash rate and spot prices is actively monitored. Litecoin relies on decentralized miners for security and transaction confirmation. The network’s security is evaluated via the hash rate metric, which risks crashing since miners must allocate more resources after the network halved rewards to 6.25 LTC. A potential price decline could trigger a corresponding reduction in hash rate, forcing the network to adjust the difficulty. How this evolves remains to be seen, and the network remains stable at spot rates. Besides the hash rate near all-time highs, the network’s activity seems unaffected. According to IntoTheBlock data, the network’s average growth is steady despite sentiment on LTC being generally negative.

Data shows the Bitcoin Coinbase Premium Index has recently seen a surge, a sign that buying from US investors may contribute to the recovery. Bitcoin Coinbase Premium Index (7-Day SMA) Has Been Going Up Recently According to data shared by Julio Moreno, the Head of Research at CryptoQuant, the Coinbase Premium Index has been sharply trending up recently. The “Coinbase Premium Index” here refers to a metric that keeps track of the percentage difference between the Bitcoin price listed on Coinbase (USD pair) and that listed on Binance (USDT pair). This metric can help us know which platform’s user base is buying or selling more of the asset. For example, when the index’s value is greater than zero, it means that an extra amount of buying pressure has been present on Coinbase, which has pushed the asset’s price up on the platform (or just a lower amount of selling pressure than on Binance is there on Coinbase). Coinbase is known to be used more heavily by US-based investors (especially large institutional traders), while Binance’s traffic is spread around the globe. Thus, if more buying is happening on Coinbase, it can be a sign that the US-based investors are participating in more buying than the global traders. Now, here is a chart that shows the trend in the 7-day Simple Moving Average (SMA) Bitcoin Coinbase Premium Index over the past couple of months: As displayed in the above graph, the 7-day SMA Bitcoin Coinbase Premium Index has only been negative this month, implying that the global investors have either outpaced the US traders in accumulation or the Americans have been selling to a higher degree. Recently, however, as news has started to come out that the probability of the BTC spot ETFs being approved in the US is increasing, the indicator has turned around and is now heading up. The metric has sharply increased in the past day, suggesting that the US-based institutional traders may now be participating in some heavy buying. During this same period, Bitcoin has observed a recovery rally in which the cryptocurrency’s price briefly managed to touch the $30,000 mark before falling back to the current levels. Naturally, the timing of the rally and the 7-day Coinbase Premium Index sharply going up could imply that the buying from the American holders are providing the fuel for the move. The Grayscale Bitcoin Trust (GBTC) Premium, a metric that checks for whether GBTC is trading at a premium or a discount, has also been trending up recently, implying that the discount on the fund is decreasing (although it’s not near the positive territory yet unlike the Coinbase Premium Index). GBTC is a fund that allows users to get indirect exposure to Bitcoin in a way that traditional investors would be more familiar with. Thus, this metric holds hints about the buying or selling activity in which the more conventional US institutional traders are currently participating. BTC Price At the time of writing, Bitcoin is trading around $29,800, up 1% in the last week.

The Solana price exhibited a bullish trend during the recent trading session, pushing it beyond the $24 mark. It surpassed a key resistance hindering its progress for over a week. Within the last 24 hours, SOL saw a rise of around 6%, with a similar price increase visible on the weekly chart. From a technical standpoint, Solana’s outlook appears optimistic following the recent price shift. Both demand and accumulation have expanded on the daily chart, reflecting positive sentiment. Despite bullishness, the speed of SOL’s recovery depends on its ability to swiftly overcome the immediate barrier, which had previously acted as a tough resistance level. Additionally, the bulls must ensure that the price remains above the local support, as a drop below would invalidate the bullish thesis. Furthermore, Solana’s market capitalization has improved, indicating a gradual inflow of buyers into the market now. Solana Price Analysis: One-Day Chart Trading at $24.84, SOL has successfully breached the $23 resistance level, marking a growth of nearly 6%. This upward movement has reignited buyer interest, yet for Solana’s recovery to persist, it must exceed the $25 threshold. Breaking past this point would enable the bulls to advance by an additional 8%, with a potential target of $27. Conversely, the primary support levels for this altcoin are situated at $24 and subsequently at $22. A drop below $22 would revive bearish momentum, possibly prolonging a bearish phase. Technical Analysis As Solana surpassed the $23 level, there was a surge in demand for the coin, leading to an overbought condition. The Relative Strength Index rested just below the 70 mark, indicating a predominance of buyers in the market. Similarly, SOL maintained its position above the 20-Simple Moving Average line, indicating buyers were steering the price momentum. Notably, Solana was also above the 200-SMA (green) line, signifying a state of bullishness. Despite its bullish trajectory, the potential for a price pullback cannot be dismissed, considering that SOL was still near the overbought zone. Aligned with the heightened demand, SOL has generated buy signals on the chart. The Moving Average Convergence Divergence (MACD), responsible for gauging price momentum and shifts, has given rise to these green histograms. These histograms correspond to buy signals, suggesting that the price might experience a rise before a corrective phase ensues. The Bollinger Bands, reflecting volatility, displayed significant widening, implying potential price fluctuations. However, these bands have also curved and ascended, pointing to an impending northward movement in the upcoming trading sessions.

The TON price currently hovers at $1.28, representing a 4.54% price increase in the last 24 hours. Its price gain in the last 7 days stands at 7.58%. Toncoin is likely benefiting from the positive outlook of the global crypto market, standing at $1.18 trillion, representing a 1.42% gain in the last 24 hours. But how far can the rally go? What Could Be Driving TON’s Price Gains? According to a Ton Developer Report, the ecosystem recorded a massive increase in developer involvement of up to 102% in 2023. This is a significant increase from its previous levels in 2016. In addition, the report noted several events within the ecosystem that could be spurring the present surge. They include the DoraHacks Hackathon, TON Wiki Challenge, and the TON Grants program. Also, the TON Developers Chats community grew by 6.5% in Q2 2023, with 9,134 members by the end of June. This indicates rising interest among developers in the Toncoin network. The DoraHacks Hackathon was a significant event for the ecosystem’s growth, as it boosted community engagement. The TON Wallet challenge also recorded 101 submissions from developers competing for a share in the $40,000 prize pool. Similarly, the TON Wiki Challenge received 50 valuable contributions and rewarded 30 participants with a total prize of $5,000 in USD. Furthermore, the TVM challenge recorded the presentation of 11 projects with new features. The participants competed for a share in the $54,000 prize pool. Finally, the Ton Web App Challenge presents concepts that cut across various ecosystems and their progress. Aside from challenges, the TON Grants program supported 34 projects with approximately $66,000 in funding. These projects will likely positively affect the ecosystem once they are complete. With these strategic programs, TON is transforming into a developers’ hub, and the increased activity on the network is driving its price gains. Can TON Reach $2? TON shows limited trading activity with the small candles formed on the daily chart. It is trading below its 50-day and 200-day Simple Moving Average (SMA), expressing a bearish sentiment. Also, the 50-day SMA is about to drop below the 200-day SMA, forming a Death cross which confirms an increase in bearish pressure. The Relative Strength Index (RSI) shows a value of 31.42, close to the oversold region 30. However, the RSI is moving sideways, confirming price volatility for the asset. The Moving Average Convergence/Divergence (MACD) is below the signal line, also expressing a bearish sentiment. However, the Histogram bars are fading, hinting at a short-term price surge. With all the indicators screaming bearish pressure, Toncoin will find it hard to sustain the rally in the short term and likely succumb to the rising pressure from the bears in the coming days.

The recent drop in the price of Cardano (ADA) has raised concerns among investors as it breached the combined support of $0.3 and a crucial support trendline. However, a closer analysis of the daily chart reveals a twist that might offer a glimmer of hope for the cryptocurrency’s recovery. Technical analysis of Cardano’s price movement suggests that the apparent breakdown from the rising support trendline might be a fake one. A fake breakdown, also known as a false breakdown or a bear trap, occurs when a price temporarily drops below a support level or trendline but quickly rebounds, trapping bearish traders who sold during the dip. This deceptive move often leads to a rapid reversal and upward momentum. Cardano: Fake Breakdown Or True Bearish Signal? On the flip side, a decisive breakout from the overhead trendline could set the stage for a substantial 26% upswing in Cardano’s price, as per recent price analysis. This would not only mark a significant price recovery but also instill renewed optimism among traders and investors. Providing insights into the current market dynamics, it’s important to acknowledge the broader context surrounding Cardano’s performance. Despite the recent price turmoil, Cardano has demonstrated remarkable growth in terms of its total value locked (TVL). Crypto analytics firm Messari’s latest report reveals that Cardano’s TVL has surged by nearly 200% since the start of the year. Quarter-over-quarter (QoQ), the TVL increased by 9.7%, and year-to-date (YTD), it soared by an impressive 198.6%. This surge in TVL propelled Cardano from the 34th to the 21st position in terms of overall TVL among all blockchain networks. This remarkable feat underscores the growing adoption and utility of Cardano’s ecosystem. Setback Due To Regulatory Pressure However, the journey to this achievement has not been without its challenges. The report points out that Cardano’s TVL experienced a dip in June, triggered by regulatory turbulence. The US Securities and Exchange Commission (SEC) charged cryptocurrency exchange Coinbase for allegedly offering unregistered securities, with ADA being specifically mentioned in the lawsuit. This development led to a sell-off of ADA and resulted in liquidations on Cardano-based decentralized finance (DeFi) platforms. As of the latest data from CoinGecko, Cardano is currently trading at $0.299138. While the cryptocurrency has seen a 3.1% rally in the past 24 hours, it has also endured a 3.8% slump over the last seven days. Cardano’s recent price movement may appear bearish due to a seemingly significant breakdown from key supports. However, a careful analysis suggests the possibility of a fake breakdown, providing some ounce of optimism for a potential recovery. Amidst challenges, Cardano’s impressive TVL growth reflects its resilience and adoption within the crypto ecosystem. (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 Flickr

MakerDAO has been in the headlines recently following a boost in the maximum Dai Savings Rate (DSR) from 3.19% to 8% on Sunday, August 6. This temporary increment termed the Enhanced Dai Savings Rate (EDSR), was designed to encourage more Dai (Maker’s stablecoin) holders to deposit their tokens on the Maker protocol and earn interest. Following the implementation of EDSR, the Dai token has experienced some traction, with its market cap rising by over $570 million since Sunday, according to data from CoinMarketCap. In addition, data from the Makerburn dashboard shows the number of DAI in the DSR program has surged, moving 396.8 million on August 6 to its current value of 906.7 million. However, amidst the massive success of the EDSR, MakerDAO co-founder Christen Rune has proposed to adjust this incentive plan “based on observed data.” MakerDAO Co-Founder Proposes EDSR Optimization Plan To Curb ETH Whale Dominance On August 8, Rune submitted a governance proposal on the MakerDAO forum to optimize the Enhanced Dai Savings Rate citing an ongoing ETH whale dominance over regular Dai holders in terms of the program’s benefits. Related Reading: Maker (MKR) Signals Bullish Price Formation – Is $1.300 Around The Corner? According to Rune, offering yields on Dai that are higher than the cost of borrowing Dai has led to certain borrowing activity known as “borrow arbitrage,” whereby traders borrow Dai at 3.19% and deposit in the EDSR program for 8% profit. Rune noted that this was not the intended purpose of the EDSR plan. He stated that this investment strategy was mainly practiced by ETH and staked ETH whales, who now receive a higher yield at the expense of regular Dai holders, the primary target of the EDSR program. To counter this unforeseen circumstance, Christen Rune proposed to reduce the maximum EDSR interest rate from 8% to 5%. Furthermore, the MakerDAO cofounder proposes an increment in the DAI borrowing rate to be equivalent to the EDSR rate at a minimum of 5%, thus halting the ongoing large-scale “borrow arbitrage” activities. The proposal also states that MakerDAO should extend Tier 1 EDSR to cover a utilization range of 0-40% and introduce a Tier 2 EDSR for utilization between 40-55% with the aim of making the EDSR plan sustainable. For context, utilization refers to the portion of the total capacity of the EDSR system that is in use. Currently, data from Makerburn states that the EDSR has an 18% utilization rate. Originally, the EDSR maximum yield was meant to drop to 5.8% once utilization surged to 20%, albeit that would not occur upon approval of Rune’s latest proposal. Maker (MKR) Maintains Bearish Form Amidst ESDR Success In other news, MKR, the native token of the MakerDAO lending protocol, has seen its market price fall in recent days despite the massive boost in DAI’s market shares. According to data from CoinMarketCap, MKR’s price is down by 0.84% in the last 24 hours. This price drop adds to the token’s prolonged bearish state, whereby it has lost over 8.26% of its market value in the last seven days. Related Reading: Record-Breaking $10 Billion Open Interest Fuels Bullish Speculation For Bitcoin Reversal During this period, MKR’s price declined from $1,339.22 on Aug.3 to as low as $1,187.66 on Aug.7. However, most MKR investors still likely retain faith in the DeFi token, which boasts of a positive monthly performance gaining by 32.30% in the last 30 days. At the time of writing, MKR is trading at $1,214.28, with a 0.39% loss in the last hour. With a market cap of $1.18 billion, the token is ranked as the 42nd largest cryptocurrency in the market.

MuesliSwap, a decentralized exchange (DEX) on the Cardano network, has announced its decision to reimburse its users that have been affected by high slippage over the past year. This is in response to the recent questions faced by the protocol on its slippage feature. Slippage refers to the price difference between when a transaction order is submitted and when the transaction is executed by the market maker and confirmed on the blockchain. MuesliSwap Acknowledges Lack Of “Adequate Clarity” In a post on X (formerly Twitter), the team behind MuesliSwap admitted that it failed to provide “adequate clarity” on the slippage feature within its decentralized exchange. Users have had to pay high slippage due to the manner in which the protocol’s matchmaker was designed. Related Reading: Is Curve DAO (CRV) Price On Track To Reach Or Exceed $1 This Month? The MuesliSwap team explained in the post: MuesliSwap claims this difference has served as an incentive for the matchmakers since the beginning. To further clarify, the protocol’s team said this “supplementary matchmaker incentive” pushes the decentralized matchmaker to prioritize users’ orders during periods of high market volatility. However, it acknowledged that pushing this under the unclear term “slippage” may have confused new users. In a bid to rectify the situation, the MuesliSwap team disclosed that it would be refunding users who were affected by the high slippage on the protocol’s pools in the last 12 months. The team claims that the funds for users’ reimbursement will come from the “project funds”. Additionally, MuesliSwap said that a comprehensive analysis of all trades will be carried out to ensure fair refunds. “This process may take approximately 3 to 4 weeks as we gather and validate the necessary data, and implement the distribution code,” the team noted. MuesliSwap To Remedy The Situation? At the end of the post, MuesliSwap stated that swift action has been taken to fix the high slippage issue in the DEX order book. Related Reading: Cardano (ADA) Price Prediction: 28% Upswing Or 23% Drop Coming Next? The team also said: MuesliSwap is the fifth-largest protocol on the Cardano network, with a total value locked (TVL) of $10.41 million, according to data from DefiLlama.

The Shiba Inu ecosystem has reached an impressive milestone, signifying the commencement of a transformative phase. The launch of Shibarium’s mainnet, the introduction of the reward token TREAT, and the unveiling of the comprehensive World Paper are all part of this new chapter, as announced by the Shiba Inu team. The highly anticipated summer of Shibarium has officially commenced, marking a pivotal shift for the Shiba Inu community. This era introduces significant developments, including the launch of the Shibarium mainnet and the integration of TREAT, designed to enhance the ecosystem’s reward mechanism. Additionally, the upcoming release of the World Paper promises to delve into the intricate elements of the Shiba Inu ecosystem and its journey towards complete and permanent decentralization. Excitement continues to build in the lead-up to the Blockchain Futurist Conference, scheduled for August 15 and 16. During this event, Shiba Inu enthusiasts can anticipate major announcements and exclusive showcases that showcase the ecosystem’s potential. Number of Shiba Inu wallets hit milestone The momentum surrounding Shiba Inu’s ecosystem is reflected in the steady rise of Shiba Inu addresses. According to IntoTheBlock data, the total number of Shiba Inu addresses has achieved a remarkable milestone, reaching an all-time high of 3.53 million. Notably, a substantial 69% of Shiba Inu holders have maintained their positions for over a year, underscoring the strong commitment of long-term supporters. Meanwhile, 27% have held their holdings within a year, while 4% have joined the community within the past month. In the realm of price dynamics, Shiba Inu’s value has demonstrated notable movement once again, positioning itself as the second highest gainer among the top 100 cryptocurrencies in the last seven days. As of the time of writing, SHIB is trading at $0.000009505. Earlier this week, Shiba Inu’s lead figure, Shytoshi Kusama, unveiled additional details about Self-Sovereign Identity (SSI). This groundbreaking concept ushers in a new digital era for Shiba Inu and beyond, promising a continuation of innovative developments that are reshaping the landscape of blockchain and cryptocurrencies.

As Bitcoin continues to enjoy more mass adoption, many have regretted their decision not to get in earlier on the flagship cryptocurrency. Co-founder of private investment firm The Carlyle Group David Rubenstein joins this long list of individuals as he wishes he had bought BTC early on. Bitcoin Is Here To Stay Speaking on Bloomberg Television on August 8, Rubenstein said he wished he had bought Bitcoin when one BTC was worth $100. The statement stems from the fact that the billionaire believes BTC is here to stay, following “enormous interest” in the cryptocurrency. He explained that Bitcoin’s decentralization is key to this interest as people want a form of money that governments can’t control. According to him: BlackRock Is Key To All Of It Rubenstein also noted that people who once mocked BTC and other cryptocurrencies might begin to have second thoughts following BlackRock’s application for a Spot Bitcoin exchange-traded fund (ETF). “What’s happened is people made fun of bitcoin and other cryptocurrencies, but now the establishment, Larry Fink at BlackRock, is now saying they’re going to have an ETF if approved by the government in bitcoin,” Rubenstein told Bloomberg. “So you’re saying wait a second, the mighty BlackRock is willing to have an ETF in bitcoin, maybe bitcoin is going to be around for a while.” The billionaire investor’s sentiments echo that of Galaxy Digital CEO Mike Novogratz, who mentioned, during an interview on Bloomberg TV with David Rubenstein, that BlackRock’s CEO Larry Fink’s change of heart was the “most important thing that happened this year in Bitcoin.” “He [Larry Fink] got ‘orange-pilled. Larry was a nonbeliever. Now he says, ‘Hey, this is going to be a global currency.’ People around the world all trust it,” he said. Larry, who had once referred to BTC as “an index of money laundering,” said in a July 5 interview with Fox Business that Bitcoin could revolutionize the financial industry as it could be used as a hedge against inflation instead of traditional gold. There is no denying the influence that BlackRock and its CEO Larry Fink could have on BTC adoption, especially among institutional investors. BlackRock is currently the largest asset manager with over $9.1 trillion in assets under management (AuM). With such a large clientele base, the market could see more individual investors, companies, governments, and foundations invest in Bitcoin through BlackRock (when their spot Bitcoin ETF gets approved by the SEC). Meanwhile, Larry Fink is a prominent figure on Wall Street and one who boasts tremendous influence in the financial world, and he will likely carry this influence into crypto.

BitPay, a renowned crypto payment provider, has unveiled its latest feature, BitPay Bill Pay. This new feature enables users to pay their bills using a selection of around a dozen cryptocurrencies, including popular ones like Shiba Inu, Dogecoin, Litecoin, XRP, Bitcoin, and Ethereum. The introduction of BitPay Bill Pay marks a significant leap in the adoption of cryptocurrencies in everyday transactions. Through a strategic collaboration with Method Financial, BitPay has facilitated the option for its clients to settle a wide array of bills, including mortgages and personal bank loans. With this development, BitPay clients can conveniently make payments to over 5,000 companies offering various services. The process of using BitPay’s Bill Pay is designed to be straightforward. Users simply need to connect their bills to the BitPay app, link a compatible cryptocurrency wallet, and they’re ready to make payments. According to Stephe Pair, the CEO of BitPay, entering the realm of bill payments marks a significant step in crypto adoption. He highlights that this advancement is particularly valuable for unbanked individuals who can now access this payment method without relying on traditional banking infrastructure. Shiba Inu’s “Shibarium” Nears Reality In a separate development, Shiba Inu’s lead developer, Shytoshi Kusama, has made a notable revelation. Responding to a post by the founder of the PawZone project, which supports the upcoming “Shibarium,” Kusama confirmed that the concept is indeed on its way. His enigmatic post and a GIF shared on social media indicate his determination and enthusiasm for the forthcoming Blockchain Futurist Conference, where he is expected to deliver a speech. The Shiba Inu community is buzzing with anticipation for what this development might entail for the popular meme coin’s ecosystem.