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In a market that has been relatively quiet for weeks, Bitcoin (BTC) has suddenly sprung to life, with its Futures Open Interest (OI) reaching levels not seen since the FTX crash. Open Interest, a metric that measures the total number of outstanding futures that have not been settled, provides a glimpse into the trading activity and potential future price movements of an asset. A surge in OI can indicate heightened trading activity and interest in the market. Starting early Tuesday, Bitcoin’s price action surged by more than 3.5%, breaking the $30,300 mark for the second time this month. This movement began around 5 am EST, pushing the price to a 16-day-high. The catalyst behind this surge seemed to be the rumor that insiders at BlackRock and Invesco have confirmed that a Bitcoin spot ETF is not a question of “if” but “when”, suggesting an approval within the next four to six months. “Bitcoin whales opened giga long positions at $29k,” remarked CryptoQuant CEO Ki Young Ju. The Head of Research at CryptoQuant further added, “A lot of talk lately about increasing probability of Bitcoin spot ETF approval in the US. Now Coinbase premium sharply up and moving towards positive territory (implies Bitcoin demand in the US is strengthening). GBTC price discount has continued to narrow.” Bitcoin Futures Open Interest Skyrockets To Yearly High Aggregate OI for Bitcoin futures saw a significant jump, increasing by over $1 billion from the previous day to a staggering $14.95 billion, according to Coinglass data. This surge marks the most substantial increase in over a month. However, derivatives activity on the CME, often seen as a gauge of institutional trading, remained relatively unchanged in OI, suggesting that the recent move might be predominantly retail-driven. Miles Deutscher commented on Twitter, “Bitcoin open interest is now at its highest level since the FTX collapse. This indicates increased BTC trading activity from market participants. Looks like a big move is brewing.” Similarly, James V. Straten observed, “Bitcoin open interest is now greater than 2.25% of the market cap, approaching YTD highs, and looks exceptionally overheated.” The Kingfisher, a renowned data provider for Bitcoin derivatives, noted, “Coinbase selling into every other major exchange buying. Looks like Bybit & Bitmex degens are betting on another $BTC leg up. While Bitfinex seems to be selling here.” On the options front, the analysts added that dealers seem bullish, ready to capitalize on both upward and downward movements. Their buying activity is currently stabilizing the price, while any significant upward trajectory could see them intensifying their buying. Meanwhile, the BTC liquidation map of The Kingfisher indicates that while there are still “some late high-leverage shorts to liquidate to the upside, but most of the short-term liquidity is down.” Renowned analyst @52kskew provided insights into the BTC whale vs. algo divergence, stating, “Whales require quite thick liquidity to exit or close positions & most often this is during a squeeze event. Some firms will use algos in order to get the best price when closing out sizeable position (this is where TWAP algos come into play).” CPI Release To Take Out The Heat? Notably, the Consumer Price Index (CPI) in the US is scheduled for tomorrow, Thursday, 8:30 am EST. The release has the potential to cause a mass liquidation of the overheated BTC futures market in both directions. A major move by the BTC price seems imminent. Forecasts suggest a rise in the headline CPI from 3% to 3.3% year-over-year (YoY) for July, marking a significant transition as the positive impacts from the prior year start to wane. Notably, the Cleveland Fed’s Inflation Nowcast model projects a 3.42% headline CPI, marginally surpassing general expectations. Core CPI is expected to slightly decline from 4.8% to 4.7% YoY. At press time, the BTC price was just below key resistance at $30,000.
 
Abu Dhabi, UAE, August 9th, 2023, Chainwire Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System. This landmark partnership represents a significant step towards leveraging blockchain technology to address environmental challenges and promote sustainability on a national scale. This revolutionary collaboration underscores the UAE’s unwavering commitment to bolstering transparency, reliability, and efficiency in carbon emission management, while using the next generation blockchain technology of Venom and in doing so, propelling the nation towards its ambitious climate targets of 40% reduction in carbon emissions by 2030. The Venom blockchain itself is carbon neutral. The Memorandum of Understanding (MoU) signed between the Ministry of Climate Change and Environment (MCCE), the Industrial Innovation Group, and Venom Foundation outlines four strategic objectives: reducing emissions, promoting sustainable agriculture, enhancing environmental health, and conserving biodiversity. As part of this partnership, Venom will be actively participating in realizing a greener future. Taryam Matar Taryam, CEO of Industrial Innovation Group, affirmed their dedication to sustainable development, “For Industrial Innovation Group, it is a great honor to contribute to the creation of the United Arab Emirates’ first National Carbon Credit Registry System together with Venom. Industrial Innovation Group steadfastly adheres to sustainable development goals and endeavors to reduce environmental impact, including through decarbonization, as global climate change is closely linked to the increasing concentration of CO2 in the atmosphere. With over 30 years of experience, Industrial Innovation Group has a long history of creating large-scale national registries related to identification processes and excels in developing sustainable pathways for various business sectors, conceptualizing carbon removal initiatives, generating project documentation for different carbon credit registries, and effectively managing, monitoring, and reporting on carbon utilization projects.” Peter Knez, Chair of the Foundation Council at Venom Foundation, commented, “We are honored and excited to join hands with the UAE Government to build the National Carbon Credit System. At Venom, we believe that blockchain technology has the potential to drive real-world impact, and this initiative perfectly embodies that vision. Together, we are committed to creating a sustainable future and pioneering solutions that positively influence the global climate.” Venom’s success is driven by its groundbreaking technology, strict regulatory compliance, and a scalable and secure platform that serves a wide range of use cases. As the MOU between Venom and the UAE Government comes into effect, both entities eagerly anticipate the successful launch and implementation of the National Carbon Credit System. This historic partnership exemplifies the potential of blockchain technology in advancing environmental initiatives and reinforces the commitment to building a more sustainable and eco-friendly future. About Venom Foundation: Venom Foundation, operating as a decentralized network licensed by the Abu Dhabi Global Market (ADGM), is at the forefront of driving the advancement of global Web3 projects. As the world’s first compliant blockchain, Venom provides a secure environment for investors and financial services firms, offering the freedom to build, innovate, and expand. Under the jurisdiction of the ADGM, Venom serves as a trusted platform for authorities and enterprises, ensuring compliance with regulatory requirements. To enhance its capabilities, Venom has developed a range of in-house decentralized applications (dApps) and protocols on its blockchain. With features such as dynamic sharding, low fees, high-speed transactions, and scalability, Venom has the potential to serve as the foundational infrastructure for a thriving global ecosystem of Web3 applications. Its exceptional transaction speeds and limitless scalability enable it to meet the evolving needs of a rapidly growing user base. Disclaimer: This is not a financial promotion. Contact Jonathan [email protected]
 
The BTC price faced a brief pullback and is now currently trading at $29,784. Altcoins like SOL, TON, and HBAR surged once BTC hit $30K. The crypto community is excited as once again Bitcoin (BTC) touched $30K. Although the price has faced a brief pullback and is now currently trading at $29,784.76 as per CoinMarketCap, at the time of writing. As soon as BTC touched the surface of $30K, the bulls and the bears in the market stood for a fierce battle. Whereas, the analytics platform, Santiment reports that other cryptocurrencies like Solana (SOL), Toncoin (TON), and Hedera (HBAR) have shown a similar price rally. Altcoins like these are leading the way with price surges, depicting bullish momentum. Moreover, Ethereum (ETH) price also gained momentum and reached the $1872 mark. However, similar to BTC, it faced a brief pullback and is now trading at $1852. The trading volume of ETH witnessed a 19.71% surge in the last 24Hr. Will Altcoin Season Sustain For a Long Time? According to CoinMarketCap, SOL is trading at $24.88 over a 6.62% surge in the last 24Hrs. Thereby, the market cap crossed more than $10B with its trading volume of around $570M at an increase of 59.03% over a day. Next, TON has witnessed a 5.32% surge and is trading at $1.29. And, the trading volume has also witnessed gains compared to the previous day, standing at an increase of 22.61% worth $29M over a market cap of around $4.5B. This shows that the traders are involved in purchasing and selling these altcoins following a bullish sentiment amid FOMO. Lastly, HBAR is fluctuating over the day and is currently trading at $0.06165 a 4.05% surge in the last 24 hours. Also, it witnessed an increased trading volume of about 48%. HBAR is showing bullish traits amid positive market momentum. Related Crypto News: Bitcoin Bulls and Bears Battle as BTC Touches $30K & Falls
 
In a new report, Estonia’s preeminent crypto payment and personal wallet provider, CoinsPaid, has revealed the intricate workings of a hacking incident that led to a colossal loss of $37 million. This audacious breach was reportedly the culmination of a six-month saga marked by calculated maneuvers and sophisticated tactics, orchestrated by none other than the notorious Lazarus Group. Collaborating with Match Systems, CoinsPaid embarked on a comprehensive inquiry, unearthing the modus operandi of the hacking group and exposing the subsequent laundering of pilfered assets in a post. Elaborate 6-Month Operation By Lazarus Group The ploy, characterized by an extraordinary level of meticulousness, spanned half a year, revealing the calculated and relentless nature of the hack. Employing a blend of social engineering and technical strategies, the hackers engaged in a series of Distributed Denial-of-Service and brute-force attacks. Their calculated approach culminated in a July 22 breach with the manipulation of a CoinsPaid employee, ensnaring them through a falsified job proposition. The ordeal began innocently enough, as a CoinsPaid employee embarked on a video interview for what appeared to be an enticing career prospect, facilitated via LinkedIn. Little did they know that the seemingly innocuous task of downloading a technical assessment was part of an elaborate ruse orchestrated by the hackers. This single act granted the hackers access to CoinsPaid’s systems, allowing them to exploit software vulnerabilities and authorize unauthorized withdrawals from the company’s hot wallets. The hacker executed a swift sequence of unauthorized withdrawals, swiftly depleting the company’s coffers in less than an hour of operation. In total, CoinsPaid lost $37.3 million in the attack. CoinsPaid Moving Forward From The Incident CoinsPaid’s exhaustive post-mortem report reveals invaluable lessons extracted from the breach. The report highlights the importance of training employees to identify social engineering tactics, including job offers that might be a ploy to gain access to internal systems. The report also explains the adoption of principles like the Separation of Duties and Least Privilege, advocating for the implementation of robust monitoring and alert systems to detect suspicious activities. Following the report, CoinsPaid will be hosting a roundtable discussion involving blockchain-based entities, aiming to collectively address the escalating threat posed by hacking incidents. In the wake of the exploit, the payments platform assured customers that none of their funds were affected. The company also resumed all activities less than a week after the hack took place. The Lazarus Group is believed to have stolen over $3.8 billion in digital assets from crypto exchanges and decentralized finance (DeFi) services since it became active.
 
BlackRock and multiple other fund managers filed for Spot Bitcoin ETFs back in June. Since then, speculations have abounded regarding if the United States Securities and Exchange Commission (SEC) will approve the first Spot Bitcoin ETF given its track record. But according to insiders, the first approval may not be far off. Approval Coming Soon For First Spot Bitcoin ETF Citing his sources at BlackRock and Invesco, Galaxy Digital CEO Mike Novogratz stated that the SEC will likely give the green light for these Bitcoin ETFs within the next four to six months. The CEO said this on an earnings call with investors where he maintained a bullish stance on the firm’s Bitcoin strategy. “Our contacts from the Invesco side and from the BlackRock side gets you to think that this is a question of when, not if, that the outside window this is probably six months,” Novogratz said during the company’s Q2 earnings call on August 8. “And so you’re– kind of your four to six months, if you had to put a pin the tail on the donkey audit.” During the earnings call, the Galaxy Digital CEO noted that the Spot Bitcoin ETF application by BlackRock, which happens to be the largest asset manager, has sparked a positive sentiment from institutional investors towards the foremost cryptocurrency. He also highlighted how BlackRock CEO Larry Fink’s change of mind from being a Bitcoin skeptic to a proponent has arguably led the Bitcoin adoption charge in the asset management industry. In 2017, Fink labeled Bitcoin an “index of money laundering.” However, the CEO of the largest investment firm in the world has since changed his stance, and Fink has advocated for Bitcoin, rightly labeling it as the first “global money.” Competition Is Going To Be Hot Novogratz told investors on the call that he recognizes that the competition will be hot once the various spot Bitcoin ETFs are approved. He, however, reaffirmed his company’s intention to claim a large chunk of the ETF market share. According to him, “We’re going to fight like cats and dogs to win market share once it’s approved.” Other prominent firms that are major contenders for a Spot Bitcoin ETF include Invesco (the US fourth-largest ETF manager), Cathie Wood’s ARK Invest, Wisdom Tree (the 10th largest ETF manager), Fidelity, Grayscale, and Valkyrie. While it remains uncertain in what order the SEC will approve these applications (or whether they will be approved together), many believe that a first-mover advantage could be key to determining which of these firms enjoy a huge chunk of the market share in the spot Bitcoin ETF industry. That is why it isn’t surprising that Valkyrie recently filed an application to the SEC to amend its Bitcoin Strategy ETF (BTF) to include ETH futures contracts, in a move that could see it launch ahead of other firms applying for an Ethereum futures ETF.
 
CoinGecko unveiled a list of 48 tokens that are alleged as securities by the SEC. Ripple’s XRP excluded from CoinGecko’s list of alleged securities. Prominent crypto price-tracking platform CoinGecko unveiled a curated list of 48 tokens on August 8, 2023, and categorized them as the “top alleged SEC securities coins.” Leading tokens such as Binance Coin (BNB), Cardano (ADA), Solana (SOL), and Polygon (MATIC) are among those featured. These cryptocurrencies hold a combined market capitalization of over $92.7 billion, which is almost 8% of the entire global crypto market cap. However, Ripple Labs’ native cryptocurrency, XRP, is missing from the list. The omission is attributed to a recent partial legal victory that Ripple secured against the United States Securities and Exchange Commission (SEC). This victory was underscored by Judge Torres’ recent ruling, stated that “XRP is not to be considered a security,” effectively contradicting the stance taken by the SEC. The decision to exclude XRP from CoinGecko’s list underlines the newfound recognition of its legitimacy within the market. Ripple Labs’ success in challenging the SEC’s position has bolstered XRP’s status, signifying a pivotal moment in the token’s journey. Further, David Schwartz, the Chief Technology Officer (CTO) of Ripple, enters the scene. He jokes about the list’s omissions in a playful manner. XRP (XRP) Price Chart (Source: CoinMarketCap) It’s been almost four weeks since Ripple’s partial win against the SEC. That sent XRP to a new high in the $0.9 range. But the price of XRP declined by around 50% from its short-term rally. Although, at the time of writing, XRP price had soared over 4% in the last 24 hours and traded at $0.6454. Also, the crypto holds a 24-hour trading volume of $1.3 billion and market cap of $34 billion.
 
Gartner cited the digital health engagement company as a Sample Vendor in two different transformational market categories. LOS ANGELES–(BUSINESS WIRE)–mPulse Mobile, a leader in conversational AI and digital engagement solutions for the healthcare industry, today announced that it was recognized by Gartner in its “Hype Cycle for U.S. Healthcare Payers, 2023” (July 2023) report as a Sample Vendor in both the Consumer-Centric Health Products and Community Resource Network Management (CRNM) categories. According to Gartner, consumer-centric health products focus on members’ actual health improvement and provide choice and flexibility through end-to-end personalized benefit plans and health and wellness solutions. Consumer-centric health products connect members to the broader healthcare ecosystem and utilize multi-experience modalities to encourage early and ongoing health and wellness engagement. They also provide care delivery options that resonate the most to the member whether digital, in person or at home. In addition, Gartner states that “CRNM has the potential for transformative benefits such as: Closing health disparities and advancing health equity.” This recognition marks the second consecutive year mPulse Mobile has been identified as a Sample Vendor for the Consumer-Centric Health Products category—a market segment providing solutions that encourage early and ongoing health and wellness among populations. Recognizing the momentum of the category, Garter shortened the timeframe to mainstream market adoption from ‘five to ten’ years to ‘two to five’ years, and categorized the market impact as transformational. The mPulse team believes this Hype Cycle identifies key capabilities payers must adopt to overcome a particularly volatile business and societal environment. Though health plans have historically seen slow progress in digitalization efforts, the disruption they have been experiencing since 2020 has led to an urgent demand for new technologies to create efficiencies and drive competitiveness in the market. To industry observers, mPulse Mobile’s inclusion in the report demonstrates the company’s expertise and technology can support the significant transformational strategies being implemented by leading health plans. “We are honored to be identified as a Sample Vendor for two categories in Gartner’s Hype Cycle for U.S. Healthcare Payers, 2023,” said Bob Farrell, CEO of mPulse Mobile. “We believe the recognition within two categories demonstrates mPulse Mobile’s ability to impact the broader healthcare ecosystem and deliver innovative solutions at scale that address potential barriers to improve access to care and resources. We work with over 200 healthcare organizations who leverage our digital solutions to focus on these strategies, and it is clear that when healthcare organizations invest in the right technologies, they can deliver outcomes that provide value to members and consumers, improving health outcomes while increasing profitability.” To download a complimentary copy of the entire Gartner Hype Cycle for U.S. Healthcare Payers, 2023 report, click here. Learn more about how mPulse Mobile transforms patient engagement on our website or at the upcoming annual conference, Activate 2023, where industry leaders will gather to discuss actionable health equity and digital health engagement strategies. Activate 2023 registration is free for health plans and healthcare organizations. GARTNER and HYPE CYCLE are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About mPulse Mobile: mPulse Mobile is transforming digital engagement for healthcare’s leading organizations through proven solutions that combine conversational AI with integrated streaming content. mPulse Mobile’s innovative technology and engagement strategy deliver business efficiencies, improve health outcomes, and inspire a more equitable, healthier world, one person at a time. mPulse Mobile has over 12 years of digital health engagement experience and partners with over 200 leading healthcare organizations to deliver over 1 billion tailored digital touch points with health consumers annually. To learn more, visit mpulsemobile.com. Contacts Evan Neville [email protected] 617-960-8912
 
The integration marks a significant milestone in the adoption of Web3 social media, with Chingari’s user base expanding at unprecedented rates on the Aptos Network BENGALURU, India–(BUSINESS WIRE)–Chingari, a leading social media platform in India, has commenced its integration into the Aptos Network blockchain, which has resulted in a substantial increase in user activity. Over the first ten days following the integration, Chingari registered over 1,000,000 total onchain users and experienced a surge in daily onboarding from a previous range of 10,000-15,000 users to approximately 60,000 to 80,000 new users per day. The impressive growth has positioned Chingari as the largest project on the Aptos blockchain, surpassing any other decentralized app (dApp) on any other chain, including Chingari’s past performance on Solana. In fact, Chingari is anticipated to surpass the total number of lifetime users of Stepn, the second-largest Dapp on Solana, within the next week. All Aptos Network metrics saw a significant rise after the launch of Chingari, with official analytics showing including a 150% increase in transactions, a 500% increase in onchain daily active users, a 500% increase in gas consumption, and a 900% increase in new users. Notably, over 50% of all Aptos Network transactions and gas consumption, and 80% of daily active users, are credited to Chingari. Given this growth trajectory, Chingari projects that it will reach over 1.25 million users by the end of July and over 20 million onchain users by the end of the first year. This is expected to result in a cumulative total of more than 200,000 APT paid as gas fees by the end of Year 1. Currently, all new Chingari users are automatically added to the Aptos blockchain, and existing users will have the option to switch from Solana to Aptos in the future. This integration brings numerous benefits to Chingari users. Users can earn GARI tokens through engagement and content creation on the platform, which can be used in various ways such as tipping favorite creators, boosting content for increased visibility, and purchasing virtual gifts. Users also have the option to stake tokens within the Chingari app to earn a 10% APR and partake in governance. Sumit Ghosh, CEO and Co-Founder at Chingari, said, “Our integration with Aptos is a significant milestone in our journey. We are committed to providing our users with a platform that is not only entertaining but also technologically advanced, secure, and user-friendly. This partnership with Aptos allows us to do just that, and we are excited about the opportunities it presents.” The collaboration with Aptos Network has led to significant improvements in the user experience, with many web3 functionalities now instant, thanks to increased reliability and availability. The Aptos network has comfortably coped with surges as steep as 1,200 transactions per second (TPS) following Chingari’s integration, showcasing Aptos’ ability to accommodate scalable social media projects like Chingari. Chingari’s partnership with Aptos is a significant step in its growth strategy. The partnership will also see the launch of GARI Academy, an initiative to educate developers and students in India on building Dapps (decentralized applications) on the Aptos Move Ecosystem. Furthermore, to promote Aptos in India, Chingari and Aptos will be hosting events in Q4 2023. For more information about Chingari or to download the app, visit Chingari.io. To learn more about Aptos Network, visit Aptosfoundation.org. About Chingari Chingari, powered by GARI is the world’s fastest-growing on-chain social app. Chingari’s platform entertains 175M+ users across 15+ languages. Chingari has more than 5 million daily active users and 40 million monthly active users. The app has been downloaded more than 175 million times and is amongst the top 20 most downloaded apps worldwide on Google Play. Over 200 million videos are viewed on the app on a daily basis. Contacts Media [email protected]
 
The presidential candidate also highlighted that China is adopting CBDCs. Congressman Warren Davidson also recently called for a ban on CBDCs. The crypto market has experienced massive growth and significant development over the last few years. Recently, cryptocurrencies have taken over the headlines as U.S. presidential candidates have continuously shown their interest in them. Several candidates have made strong statements against CBDCs. Adding to that, presidential candidate Vivek Ramasamy stated that Central Bank Digital Currency is a grave threat to liberty. On August 9, Vivek Ramasamy uploaded a video on Twitter sharing his viewpoint on CBDCs. In this video, he stated, “I’m an opponent to Central Bank Digital Currency.” Moreover, he thinks that CBDC is a grave threat to liberty. The statement from the presidential candidate has gotten the attention of the entire crypto community. The Presidential Candidate Stands Against CBDCs The presidential candidate also highlighted that China is adopting CBDCs to curb people’s freedom. So the United States should not follow suit. He especially stated that precisely the reason that the Chinese Community Party (CCP) wants to adopt it is why we in the United States shouldn’t. Vivek Ramaswamy also claimed that the Federal Reserve has been a bad actor for the last 25 years. Congressman Warren Davidson also recently called for a ban on CBDCs. According to him, CBDCs corrupt money into a tool for coercion and control. And he also added that Congress must ban CBDCs. In recent days, U.S. presidential candidates have expressed their ideas and thoughts on cryptocurrencies, blockchain technology, and CBDCs in the campaign ahead of the upcoming election. Some have supported it, and some have been against it. However, everyone has shared their thoughts and ideas. Adding to it, Vivek Ramaswamy has shared his perspective on the Central Bank Digital Currency.
 
SHIB surged 10.45% in 24 hours, following a month-long bearish struggle. Shiboshi– NFT project sees an 86% volume surge, 55% floor price rise. Anticipation is building as the launch of Shibarium, a Shiba-based blockchain project, draws near. It is set to unfold in the coming week and has sparked excitement and speculation among both investors and the community. Contributing to this buzz, SHIB, the second-largest meme coin, has surged by 10.45% within a mere 24 hours. Over the past month, it has demonstrated an increase of 27.44%. This bullish sentiment follows a month-long struggle against bearish pressures. Furthermore, the trading volume has surged by 85.99%. Also, Shytoshi Kusama, co-founder of Shiba Inu, is scheduled to participate in key industry events in Toronto. This has fueled additional speculation, particularly considering the recent pause in the Shibarium testnet, known as “PuppyNet.” In addition, the Shiboshis NFT project has garnered attention with an 86% surge in volume, a 77% increase in sales, and a notable 55% rise in the floor price. And recent data highlights an 2,210% surge in funds flowing from large holders into SHIB over the past week, highlighting shifting dynamics in the market. Will the SHIB Bull Reign Last ? A closer look at the daily price chart reveals a temporary dip above the short-term 50-day simple moving average (50 SMA). Possible resistance levels stand at $0.00000908 and $0.00001280, while support levels could come into play at $0.00000774, $0.00000708, and $0.00000642. SHIB Price Chart, Source : TradingView Technical indicators, including a daily relative strength index (RSI), near 67. It signals the overbought situation of the asset. In summary, the Shiba Inu ecosystem is riding a wave of optimism as the Shibarium launch approaches and positive indicators abound.
 
Artory is proud to announce key hires, growing the company’s blockchain and financial expertise. NEW YORK–(BUSINESS WIRE)–#alternativeinvestments—Artory, the world leader in tokenizing fine art and collectibles, today announced the addition of new members to its team, positioning the company to tokenize art and collectibles at scale. As Artory becomes the largest art and rare assets management firm, the company is bringing on key hires and support to broaden its financial expertise and blockchain capabilities. With teams in New York, Berlin, and Bangkok, Artory secures trusted information from partner institutions to tokenize real-world assets (RWAs) and prepare them to be incorporated in traditional financial instruments, next-gen digital-first financial products, and other Web3 opportunities. To expand the company’s expertise within the investment and fintech ecosystem, Artory has appointed Peter Loukas as Chief Investment Officer. Based in New York and Boston, Peter will be responsible for Artory’s investment management activities and financial product innovation efforts. Peter’s recent investment experience includes serving as the Co-CIO of Lumida, an investment advisor mandated for digital assets and as the Head of Portfolio Strategy at Theorem Partners, a $4 billion quant fund. Peter has spent several years as an operator in the fintech sector, including as the VP of Strategy and Capital Markets of Laurel Road, which was acquired by KeyBank in 2019. Earlier in his career, Peter worked in the Real Assets Investment Group at Cambridge Associates and in capital markets advisory for private real estate investors. Peter is also a CFA® charterholder and CAIA® charterholder. As Chief Investment Officer of Artory, Loukas will be instrumental in expanding the financial products launched by Artory/Winston, Artory’s joint venture with leading art appraisal and advisory firm, Winston Art Group. Artory/Winston creates unique investment opportunities by sourcing the finest artworks and collectibles with high potential to grow in value and generate strong returns for investors. Artory/Winston launched its first diversified, tokenized fine art fund in Q1 2023, creating the next generation of portfolio diversification with investment opportunities built on top of trusted real-world assets. “Joining Nanne and the team at Artory became an obvious decision. Artory is solving real problems of opacity and lack of trust in the art and collectibles market by launching institutional-quality, RWA services and financial products,” said Peter Loukas. “Artory’s technology and data, combined with the scale and domain expertise of our partners, give us the opportunity to have a meaningful impact on the entire art market. I’m excited to make quick progress developing the investment offerings established by Artory and Winston Art Group, as well as the new initiatives we already have in the pipeline.” At the core of Artory’s product is institutional-grade, real-world asset tokenization. In continuing to develop their product on the cutting-edge, Artory has brought on additional blockchain expertise to support and grow their offerings. Joining Artory’s blockchain team are Oleh Rubanik and Affan Khan: skilled engineers with considerable experience in smart contract engineering and dApps development, having built and successfully launched projects on multiple blockchains. “As global focus shifts toward the on-chain representation of RWAs, Artory continues leading the tokenization of art as real-world assets with its complex array of nuances that require careful handling,” said Timothy Kompanchenko, CTO of Artory. “We are excited to welcome new engineers to our team–individuals who not only possess extensive technical expertise but also appreciate the business intricacies involved in this unique convergence of art, technology, and finance.” With Artory’s institutional-grade tokenization, Artory increases access to trusted, tokenized real world asset financial products. The new additions reaffirm Artory’s commitment to create a more secure, inclusive, and efficient environment for investors. “Alongside the growth of our blockchain team, the value added by Peter Loukas and his financial expertise has already proven to be an incredible asset for Artory and our joint venture with Winston Art Group,” said Nanne Dekking, Founder & CEO of Artory. “The exceptional domain expertise, robust regulatory framework, and tech-focused approach of our current products have gained considerable attention from institutional investors as the most credible offerings in the space. I’m very excited with the addition of Peter to the team, his knowledge in investment management, and his experience in the fintech space is exactly what Artory needs to grow and effectively serve our clients and investors.” ABOUT ARTORY Artory was founded in 2016 by Nanne Dekking to secure trusted data about artworks and collectibles. The platform has verified, secured, and tokenized over $1.5B worth of assets. In 2021, Artory began leveraging the trusted asset data to tokenize physical assets and prepare them for safe and efficient trade in financial markets. Artory also owns and develops one of the largest databases of art market data, used for sophisticated, data-driven insights, valuations, and products. Contacts Pieter Brakel [email protected]
 
Bitcoin had surged above $30,000 earlier during the past day but has since observed a retrace as profit-taking from traders has spiked. Bitcoin Profit-Taking Volume Is Currently More Than Twice The Loss-Taking One Bitcoin showed some promising signs of breaking away from its stagnation earlier during the past 24-hour period, as the cryptocurrency’s price managed to make a sharp recovery towards the $30,000 mark. This surge, however, couldn’t last for too long, as the cryptocurrency has already slipped to the $29,700 level. So far, Bitcoin has been able to retain a lot of the recovery despite this pullback, as the asset’s price is still significantly above the $29,000 level it had been consolidating at prior to this move. From the above chart, it’s visible that the current recovery surge looks quite similar to the one seen around the start of the month. This rally also died off at the $30,000 level and the price slid off, until it eventually ended up slumping back to sideways movement around the $29,000 mark. It would appear that the $30,000 level was acting as a major source of resistance for the cryptocurrency back then, and it seems that its role hasn’t changed this time either. There is one thing different this time, however, and that is the level of profit-taking that the investors are displaying. According to data from the on-chain analytics firm Santiment, the profit-taking in the market has observed a sharp increase as this rally has occurred. In the above graph, the data for the “ratio of daily on-chain transaction volume in profit to loss” metric is shown, which keeps track of how the profit-taking volume in the Bitcoin market compares with the loss-taking volume right now. Clearly, this indicator has surged to some pretty high levels, meaning that the profit realization is far outweighing the loss realization at the moment. It’s not uncommon for this behavior to be seen during rallies, as some investors would want to quickly jump on the profitable opportunity while it’s still there. This scale of the profit-taking, however, may be worrying. At the current level of the indicator, the profit-taking volume is more than double the loss-taking volume. As can be seen from the graph, the metric had instead remained relatively muted when the aforementioned recovery rally of a similar scale had taken place earlier in the month. This difference in behavior between the two Bitcoin price surges may be a reflection of how the investors have perceived each move. Earlier, they may have been more hopeful for further price rise, so they may not have been too keen on harvesting their profits just yet. This time, however, the holders may be thinking that this rise will die out like the previous one as well, so they are using the opportunity to quickly exit from the market.
 
The biggest blockchain event in Europe will take place in Barcelona from October 24 to 27. The European Blockchain Convention 9 (EBC9), which is slated for the capital of Catalonia, will be the biggest gathering of its type in the second half of 2023. With an expected 5,000 attendees, it will also be the biggest European Blockchain Convention since the event began in 2018. The last weekend of October will be busy in Barcelona when EBC9 arrives and industry professionals swarm to the three-day crypto convention. The highly anticipated El Clásico match between Barcelona and Real Madrid also takes place at the same time as the conference. The European Blockchain Convention 9 will include 300 founders, CEOs, and business leaders, including senior executives from Nansen, Fidelity, Fabric Ventures, and Animoca Brands. There will be speakers from conventional businesses like Banco Santander and Volkswagen in addition to senior executives from top blockchain firms. Moreover, senior representatives from Galaxy Digital and Binance Labs will also be present. The program for the ninth European Blockchain Convention will cover a wide range of topics, including tokenization, the rise of AI, regulatory issues, CBDCs, privacy, institutionalizing cryptocurrency, and DeFi. A 3,000 sqm display space for sponsors and exhibitors is included in the program in addition to panel discussions and workshops held on three stages. Additionally, there will be five themed networking lounges, 1-to-1 meeting spaces, and AMA sessions with speakers. An investor meeting, an exhibition, and the second iteration of the EBC Start-up Awards are among the additional activities planned for EBC9. There will also be a 48-hour hackathon with 200+ hackers, 30+ mentors, and 20 teams as the main participants. This event will be at the top of the list of side events. Visit the official website at www.eblockchainconvention.com to discover more about the European Blockchain Convention, including sponsorship opportunities, information about purchasing tickets, and the complete schedule of speakers.
 
Month-ending AUM of $97.5 billion, the 6th new all-time high achieved in 2023 Equity-based strategies (U.S. + non-U.S.) generating a ~16% annualized pace of organic growth YTD NEW YORK–(BUSINESS WIRE)–WisdomTree, Inc. (NYSE: WT), a global financial innovator, today released monthly metrics for July 2023, including assets under management (AUM) and flow data by asset class. Monthly Commentary: Over $300 million of net inflows in July driven by robust flows into fixed income and all equity strategies, partially offset by weakness in commodity & currency flows Over $9 billion of year-to-date total net inflows, a best-in-class 19% annualized pace of organic growth relative to our publicly traded asset manager peers WisdomTree Prime is live in 21 states and the platform will continue to expand its footprint, offerings, and features throughout the remainder of 2023 (see https://www.wisdomtreeprime.com/ for more details) As of July 31, 2023 AUM Rollforward ($m) Annualized Flow Rate MTD/QTD YTD MTD/QTD YTD Beginning of Period Total AUM $93,667 $81,986 Total Net Flows U.S. Equity $322 $586 14.6% 4.2% International Dev. Mkt Equity $226 $2,269 19.9% 38.3% Emerging Market Equity $212 $1,027 27.1% 21.8% Fixed Income $223 $5,208 13.0% 58.7% Commodity & Currency ($673) ($183) (35.4%) (1.4%) Alternatives ($9) ($6) (31.6%) (3.3%) Cryptocurrency $5 $16 21.5% 21.0% Leveraged & Inverse $30 $85 18.6% 8.3% Total Net Flows $335 $9,003 4.2% 18.9% Market Move $3,446 $6,459 Current Total AUM $97,448 $97,448 Average Total AUM $95,649 $90,262 Blended Total Average Fee Rate 36 bps 36 bps Source: https://ir.wisdomtree.com/ Please visit https://ir.wisdomtree.com/ for downloadable spreadsheets containing detailed AUM and flow data by asset class and fund broken out by daily, monthly, quarterly and annual timeframes. About WisdomTree WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models and solutions. We empower investors to shape their future and support financial professionals to better serve their clients and grow their businesses. WisdomTree is leveraging the latest financial infrastructure to create products that provide access, transparency and an enhanced user experience. Building on our heritage of innovation, we are also developing next-generation digital products and structures, including digital funds and tokenized assets, as well as our blockchain-native digital wallet, WisdomTree Prime. WisdomTree currently has approximately $96.5 billion in assets under management globally. For more information about WisdomTree and WisdomTree Prime, visit: https://www.wisdomtree.com. Please visit us on Twitter at @WisdomTreeNews. WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide. Cautionary Statement Regarding Forward-Looking Statements This press release may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our ability to achieve our financial and business plans, goals and objectives and drive stockholder value, including with respect to our ability to successfully implement our strategy relating to WisdomTree Prime, our ability to continue to make achievements in AUM, levels of net inflows and other risk factors discussed from time to time in WisdomTree’s filings with the Securities and Exchange Commission (“SEC”), including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on February 28, 2023, and in subsequent reports filed with or furnished to the SEC. These forward-looking statements are based on WisdomTree’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside WisdomTree’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements included in this release speak only as of the date of this release. WisdomTree does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release except as may be required by the federal securities laws. Category: Business Update Contacts Media Relations WisdomTree, Inc. Jessica Zaloom +1.917.267.3735 [email protected] / [email protected] Investor Relations WisdomTree, Inc. Jeremy Campbell +1.646.522.2602 [email protected]
 
Bitcoin price climbed above the $29,500 resistance. BTC spiked above $30,000 and is currently consolidating gains above a connecting trend line. Bitcoin is showing positive signs above the $29,500 pivot level. The price is trading above $29,550 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could attempt another increase above the $30,000 resistance zone. Bitcoin Price Attempts Upside Break Bitcoin price remained well-bid above the $28,800 support zone. BTC formed a support base and recently started a steady increase. There was a clear move above the key $29,500 resistance zone. The bulls even pumped the price above the $30,000 resistance zone. However, the bulls failed to keep the price above $30,000. A high was formed near $30,190 and the price started a downside correction. There was a move below the $30,000 level. Bitcoin dipped below the 23.6% Fib retracement level of the upward move from the $28,629 swing low to the $30,190 high. It is now trading above $29,550 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $29,800 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com Immediate resistance is near the $30,000 zone. The first major resistance is near the $30,200 level. The next major resistance is near the $30,400 level. A close above the $30,400 resistance might start another steady increase. In the stated case, the price could test $31,200. Any more gains might open the doors for a move toward $32,000. Are Dips Limited In BTC? If Bitcoin fails to clear the $30,000 resistance, it could start a fresh decline. Immediate support on the downside is near the $29,800 level and the trend line. The next major support is near the $29,400 level or the 50% Fib retracement level of the upward move from the $28,629 swing low to the $30,190 high, below which the price could take a hit. The next support is near the $29,200 level. Any more losses might call for a move toward the $29,000 level in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $29,800, followed by $29,400. Major Resistance Levels – $30,000, $30,200, and $30,500.
 
XRP is capturing the attention of traders and investors as it approaches a critical juncture on the price charts. Crypto analyst CoinsKid has highlighted the potential for a significant price surge if XRP manages to overcome a crucial technical barrier. The concept at play here is the so-called Fibonacci retracement level, a powerful tool used by traders to identify potential price reversals and continuations in financial markets. In the context of cryptocurrency trading, these levels are drawn on a price chart to highlight potential support and resistance levels. They are calculated based on percentages derived from the Fibonacci sequence, with the 78.6% retracement level considered a significant threshold. If a cryptocurrency like XRP manages to breach this level, it often signals a substantial shift in market sentiment. CoinsKid Predicts XRP’s Potential Trajectory CoinsKid recently provided a comprehensive analysis of XRP’s price action. In a detailed video on his YouTube channel, he emphasized the significance of a corrective phase for the cryptocurrency. According to CoinsKid’s analysis, once XRP completes this correction and successfully surpasses the 78.6% Fibonacci retracement level, currently situated at $1.30, a substantial buying opportunity may arise. This development, he speculates, could pave the way for an ambitious price target of $21 by the year 2025. Is XRP In For A Listing Surprise? Meanwhile, Gemini, a reputable cryptocurrency exchange founded by the Winklevoss twins, has stoked the fires of speculation with a cryptic tweet hinting at a potential XRP-related announcement. The crypto exchange posted on Twitter: While the exact nature of this announcement remains shrouded in mystery, such teases from established exchanges often provoke market interest and excitement. As of the latest update, XRP is trading at approximately $0.639893, according to CoinGecko. The past 24 hours have witnessed a modest 3.4% rally, signaling potential short-term momentum. However, over the past week, XRP has faced a slight setback, experiencing an 8.7% decline in its value. These price dynamics underscore the volatile nature of the cryptocurrency market, emphasizing the importance of robust analysis and well-informed trading decisions. The cryptocurrency community finds itself at an intriguing juncture with XRP, as technical analysis and market dynamics converge. CoinsKid’s insights regarding the Fibonacci retracement level offer a roadmap for potential price movements, while Gemini’s enigmatic tweet fuels speculation about future developments. (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 Smartereum
 
Circle has announced that the public beta version of its service is now accessible. Users may transfer, receive, and store cryptocurrencies via the new wallet. Circle Internet Financial, the firm behind the USDC stablecoin, launched a new programmable web3 wallet platform on Tuesday with the goal of assisting companies in accepting digital-asset payments from clients. Users may transfer, receive, and store cryptocurrencies such as Circle’s USDC stablecoin and non-fungible tokens (NFTs) via “programmable wallets” that can be integrated and customized by developers and merchants. Facilitating Crypto Payments Circle has announced that the public beta version of its service is now accessible for developers on the Ethereum (ETH), Avalanche (AVAX), and Polygon (MATIC) networks, with plans to add support for other blockchains later this year. The launch of Circle’s new product coincides with a push by the cryptocurrency industry to mainstream stablecoin transactions. Stablecoins are a kind of cryptocurrency whose value is pegged to a fiat currency, usually the U.S. dollar. They are an essential component of the architecture that integrates conventional payment systems with the digital-asset sector and are worth $128 billion. Circle CEO Jeremy Allaire stated: After Hong Kong’s new crypto law went into effect earlier last month, the CEO has been keeping a careful watch on any regulatory changes. While the United States is cracking down on cryptocurrencies, several firms in the industry are focusing their efforts on Asia. Highlighted Crypto News Today: PEPE Memecoin Pumps Over 12% Surge in the Last 24H
 
The daily network transactions have hovered around $1 million for the last 12 months. The price is testing the recent barrier at $0.64 at the time of writing. Since Ripple’s significant partial victory against the U.S SEC coincided with the exchanges relisting the currency, XRP’s value and adoption have increased. It would seem that the victory against the SEC has had no lasting effect since the prices have lost about 35% of the initial gains they made. According to the XRPSCAN’s on-chain statistics, the daily network transactions have hovered around $1 million for the last 12 months. This suggests that the basic state of the token has not changed. The price of XRP is looking positive amid today’s increase, as the price is testing the recent barrier at $0.64 at the time of writing. XRP Price Chart (Source: CoinMarketCap) Potential Breakout Likely After successfully breaching above the $0.61, XRP’s price has continued to consolidate around the $0.64 mark. There is a probability of a short increase to the $0.65 range if the bulls can maintain the momentum. Moreover, if the price successfully manages to break and hold above the $0.64 level, then it can start moving toward the $0.7 mark. However, a potential breakout in either direction is expected in the near future. On the other hand, if it fails to break the $0.64 barrier and hold above it, the price might start a severe downtrend, going all the way up to the $0.61 level. There is a clear probability of further increases to $0.7 and $1 if the bull dominates and XRP overcomes resistance first at $0.64, followed by $0.66. Moreover, until the price of XRP breaks above the falling trendline on the four-hour chart, which coincides with the 200-day Exponential Moving Average (EMA) at $0.6484, traders wanting long exposure may wish to wait. According to CMC, the price of XRP at the time of writing is $0.6424 and is up 4.40% in the last 24 hours.
 
Tokenhack, an innovative virtual blockchain hackathon, is scheduled to occur from September 11th to September 15th, uniting skilled developers and managers from various parts of the world. This exceptional event is highly recommended for individuals passionate about technology and esteemed professionals in the blockchain field, as it serves as a platform for the most brilliant minds to come together. Organised by the team at Aspire Solutions (TR) company, the main objective of this event is to gather individuals from diverse backgrounds in order to collaboratively devise practical solutions to global issues. Having the hackathon event together with the Token2049 Singapore conference, aims to fully utilise the potential of blockchain technology in a respectful manner, and give participants a valuable opportunity to immerse themselves in the latest industry trends and insights. We also applaud and recognise singapore as a hub for rapid innovation, and wanted to be a part of this energy and ecosystem! Event Partnerships Our Partnerships play a crucial role in TokenHack’s uniqueness as they bring together partners from various parts of the world. These valuable partnerships strive to create an environment that encourages participants to explore the limitless possibilities of blockchain technology in a creative and inclusive manner. Cyberscope The event is made possible by the generous support of our sponsor, Cyberscope. Cyberscope is a highly respected company specialising in smart contracts audit and security. They have successfully collaborated with esteemed companies such as coingecko, coinmarketcap, and polygon, among others. Additionally, Mr Thanos and his team at Cyberscope adds to the participants’ motivation by providing enticing rewards and recognition for exceptional projects. Media and Community Partners In addition, Tokenhack is proud of having a couple of media powerhouses that can reach Millions of people monthly. We are also proud to be working with blockchain communities in terms of hundreds of thousands from all over the world all thanks to its esteemed Media Partners, community partners, such as BitcoinWorld, thenewscrypto, Cryptodataspace.com, Association for Blockchain Asia, metaverse space as well as several other special KOLS and DAOs. These exceptional partners will actively assist in promoting and showcasing the event to a worldwide audience, expanding its impact and ensuring a vibrant and inclusive community of blockchain enthusiasts from diverse backgrounds. Registration We kindly invite you to register for Tokenhack, as registration is now open. Participants can visit the official website to sign up and gain more information about the event’s agenda and rules. We are delighted to inform you that there are already over 100 developers from various parts of the world who have registered. We sincerely urge you not to miss this opportunity. For media inquiries and sponsorship opportunities, please contact us at; [email protected] Planning to visit Token2049, the biggest crypto/blockchain conference in Asia? Get your Tickets here! Instagram Linkedin Twitter 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.
 
Rollbit (RLB) deviated from the prevailing norms typically observed in cryptocurrency initiatives, deliberately and noticeably distinguishing itself. Instead of following the conventional practice of allocating a substantial amount of their coin supply for internal use, Rollbit opted for a different approach. This strategy exemplifies the crypto platform’s dedication to transparency and a distinct ideology pertaining to the allocation and application of its money. In the current market recovery, the RLB stands out as the frontrunner, exhibiting an unexpected and substantial surge. The token, regarded as the fundamental element of the Rollbit project, has experienced a notable surge in its valuation, prompting speculation regarding its prospective role in facilitating financial autonomy in the foreseeable future. Rollbit (RLB) On A Roll At the time of writing, RLB was flashing in green and trading at $0.17. The token has registered a 70% gain in the last 24 hours, sustaining an equally impressive 130% rally in the last seven days, data from crypto market tracker Coingecko shows. Furthermore, it is noteworthy that the alternative cryptocurrency has had a remarkable increase of more than 7,000% within the past year. Additionally, its value has skyrocketed by an astonishing 12,000% since its introduction to exchanges during the first half of 2022. Rollbit Coin is a GameFi initiative that offers users the opportunity to engage in a variety of gaming activities. The aforementioned categories encompass casino games, sports-related activities, and non-fungible tokens (NFTs). The platform provides services such as NFT loans, leveraged trading, and crypto futures, among others. Rollbit has just undertaken the migration of RLB from the Solana blockchain to the Ethereum blockchain. This strategic decision was made in response to the increasing demand from users and with the aim of facilitating the token’s expansion and development opportunities. Rollbit’s objective with the migration was to improve the prospects for RLB holders and bolster the token’s market visibility. Rollbit Coin has a trade volume above $39 million within a 24-hour period, signifying a notable surge of 62% in its price over the same duration. Furthermore, the cryptocurrency has experienced a substantial price escalation of 122% over the course of the previous week. Rollbit Coin, with a circulating quantity of 3.3 billion RLB, possesses a market capitalization of approximately $581 million. The significant increase in trading volume of the altcoin RLB may be attributed mostly to its listing on the main cryptocurrency exchange Poloniex. This surge in activity has occurred throughout the current week. RLB: Strong Upward Momentum While there is an argument to be made that RLB may be approaching overbought conditions, its momentum remains strong, indicating the likelihood of further upcoming rallies. The present condition suggests the possibility of excessive expansion, while the dominant pattern may contribute to additional upward shifts. The expansion of RLB is not a self-contained occurrence. This development is indicative of a larger pattern observed in the cryptocurrency sector, as several GambleFi initiatives have likewise demonstrated substantial expansion. (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 Adobe Stock
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