Valkyrie has applied to the US Securities and Exchange Commission (SEC) to add ETH futures contracts to its Valkyrie Bitcoin Strategy ETF (BTF). Valkyrie Makes A Move To Stay Ahead Of The Crowd Valkyrie’s application represents a move to stay ahead of the crowd. While many have applied to launch their respective Ethereum (ETH) Exchange-Traded Funds (ETFs), Valkyrie has simply moved to include exposure to ETH futures contracts in their existing investment strategy. While the likelihood of the SEC’s approving these Ethereum ETFs or in what order remains uncertain, Valkyrie plans to introduce its double-barreled approach on or around October 3, putting its launch date ahead of that of other competitors. Part of the filing reads: Going by SEC Rule 485(a), those who applied for the Ether ETFs can launch 75 days from their respective filing dates if none of the applications before the SEC gets denied. In tandem with the 75 days, the earliest any of these fund managers (the first being Volatility Shares, who applied on July 28) can launch is October 12 (9 days after Valkyrie’s proposed launch if their application gets greenlit by the SEC). This first-mover advantage can be critical when looking back at history. Although Valkyrie launched its Bitcoin fund in October 2021, it wasn’t the first to do so, as ProShares had already launched its Bitcoin Strategy ETF (BITO). Many believe that BITO launching first is one of the reasons it has enjoyed more success compared to Valkyrie’s Bitcoin Strategy ETF (BTF). BITO now has over $1 billion in assets under management (AuM) compared to BTF’s AuM of about $30 million. Deja Vu? As Bloomberg Senior ETF Analyst Eric Balchunas noted in a tweet, this isn’t the first time someone is moving to amend an existing fund to launch the first such product in the industry. ETF Managers Group has previously moved to convert a Latin American real estate ETF to the ETFMG Alternative Harvest ETF (MJ), so it could be first in line to launch marijuana ETFs in the US – something which has been compared to what Valkyrie is trying to do.

PYUSD is developed on the Ethereum blockchain. In terms of market cap, Tether (USDT) is the biggest stablecoin. Paolo Ardoino, CTO of Tether, gave his thoughts on PayPal’s stablecoin launch. In terms of market cap, Tether (USDT) is the biggest stablecoin. Ardoino maintained that the most recent PYUSD maneuver would not threaten their preeminence. According to Ardoino, this is because PayPal’s stablecoin (PYUSD) was introduced in the United States, a market in which Tether does not participate. When asked if PYUSD will be introduced to foreign markets, however, Ardoino was optimistic about the sector as a whole. Based on information provided by accounting firm BDO, Tether Holdings said in its Q2 attestation report that its excess reserves had increased by $850 million, bringing the total to $3.3 billion. Boost for Crypto Adoption PayPal, a behemoth in online payments, has entered the cryptocurrency market with the introduction of PayPal USD (PYUSD), a stablecoin tied to the U.S. dollar. Significantly, Monday’s announcement marks the first time a major financial institution has created its own stablecoin. PYUSD, which was developed on the Ethereum blockchain, will soon be available to PayPal customers in the United States. This will pave the way for several new types of transactions to take place on PayPal. Also, one may use the stablecoin to pay for products and services, send money to other people, and convert to and from any of the cryptocurrencies that PayPal supports. On the other hand, opportunists are already trying to cash in on the popularity of PayPal’s new stablecoin (PYUSD) by releasing their own, similar tokens. Nearly 30 new token pairings with the similar ticker “PYUSD” have appeared in the hours after the announcement. This is as per the data from the decentralized exchange scanner DEX Screener.

The price of r/FortNiteBR Bricks (Brick) has increased by 117% to $0.05. These listings appear following weeks of hints from Kraken’s support crew. On Monday, Kraken, a cryptocurrency exchange, began trading in MOON and BRICK tokens, the native currencies of two Reddit groups. CMC reports that the value of r/CryptoCurrency (Moon) has climbed by 42% in the last day to $0.42, while the value of r/FortNiteBR Bricks (Brick) has increased by 117% to $0.05. Moon Price Chart/ Source: CoinMarketCap These listings appear following weeks of hints from Kraken’s support crew that they could begin supporting Reddit Moons. Kraken was firm in its denial that it was suggesting a listing at the time. The cryptocurrency exchange Crypto.com jumped in to support the token a few days after the back-and-forth boosted expectations for acceptance among MOON holders. Strong Backing by Kraken Users get BRICK and MOON for their contributions to their respective Reddit communities. Members earn tokens for contributing material and comments, and they may be used to reward other members with tips. Reddit’s trial with so-called Community Points began in 2020, therefore Monday’s listing was seen as a huge deal in r/CryptoCurrency and maybe a watershed point for the token. Kraken paid for a banner ad on r/CryptoCurrency using Reddit Moons in honor of the occasion. Kraken has helped the subreddit in the past by doing something similar, such as paying for banner ads. Moreover, Kraken has announced perpetual futures for MOON and BRICK, a financial derivative that lets investors speculate on the tokens’ future price changes. Reddit users’ ability to deposit MOON and BRICK tokens into a Kraken account is a notable feature of the exchange’s support for these cryptocurrencies. Highlighted Crypto News Today: Bitstamp Eyes Expansion Plans in Europe and Asia

CALGARY, Alberta–(BUSINESS WIRE)–Tetra Trust Company (Tetra), Canada’s only licensed custody solution for digital assets, is rolling out increased staking functionality through its strategic partnership with Kiln, a leading enterprise-grade staking platform. Starting today, Tetra clients can stake their assets with Kiln on the main Proof-of-Stake (PoS) blockchains such as Ethereum, Solana, Polygon, Cardano and Tezos. This partnership will offer access to staking services by providing secure and efficient methods for institutional clients to actively participate in blockchain networks and earn rewards on their digital asset holdings. The Tetra-Kiln Partnership Kiln, known for its high standards of operational excellence, manages over $2 billion worth of staked assets, and has established itself as a leading enterprise-grade staking platform. Like Tetra, Kiln is SOC 2 Type II certified, making the two companies ideal partners to elevate the custodial landscape for digital assets in Canada. “We are excited to offer our clients staking opportunities thanks to our collaboration with Kiln,” says Didier Lavallée, CEO at Tetra. “The solution Kiln brings to the table is quite impressive, not only does Kiln meet our security and technical requirements, their all-encompassing capabilities make it a robust solution to offer our clients.” Laszlo Szabo, CEO at Kiln, stated, “We strive to enable institutions to access staking. Being our first enterprise-grade custodian partner in Canada, we’re thrilled to collaborate with Tetra, with whom we share common values.” Understanding the Staking Opportunity In PoS blockchains, staking consists of locking native tokens to earn the right to help secure the chain via a validator. Validators review and approve blocks proposed by other validators, and bundle transactions together to propose new blocks when they are selected to do so. Through these activities, validators earn rewards for stakers who commit part of their assets. Staking is considered to be the most natural way to earn rewards in the crypto space as the rewards stem from helping secure the chain. Rewards are paid out from the protocol’s inflation and a share of transaction fees. By staking, token holders can earn rewards and grow their digital asset holdings. Staking plays a crucial role in network security, governance, and contributes to the growth of the Web3 ecosystem. This collaboration marks a significant milestone in both companies’ commitment to delivering the highest standards of security and service for institutional and corporate clients. About Tetra Founded in 2019, Tetra Trust Company is the leading trust company licensed to custody digital assets in Canada. Backed by industry giants such as WonderFi, Coinbase Ventures, Canadian Securities Exchange, Urbana, and others, Tetra delivers the most advanced digital asset storage technology, setting the standard for digital asset custody in the country. About Kiln Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Kiln runs validators on all major PoS blockchains, with over $2.2 billion of stake under management and over 3% of the Ethereum network, running on a multi-cloud, multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators, reporting and commission management, enabling custodians, wallets and exchanges to streamline staking operations across providers. Kiln is SOC 2 Type II certified. Contacts Tetra Trust Company: [email protected] www.tetratrust.com

Vienna, Austria, August 8th, 2023, Chainwire TaskChain, a groundbreaking Web3 project, has just announced the launch of its presale today. This new development comes prior to the introduction of TaskChain’s innovative platform which is set to transform the way users earn income online. For early investors, the news about TaskChain’s presale launch is another exciting opportunity to be part of a new Web3 platform’s journey. With a vision to empower individuals worldwide, TaskChain combines Web3 technology with GameFi features with the ultimate goal of creating a virtual space where everyone can easily find diverse opportunities for extra income as they collaborate with others. What is TaskChain’s Mission At its core, TaskChain champions the financial inclusion of the masses through fun and user-friendly Web3 features. The platform has the potential to level the playing field, especially for low-income regions, thanks to the Quests, digital jobs, or one-time gigs that users can take on to earn cryptocurrency rewards on the platform. Each “Quest” fulfillment is supported by video game mechanics with plans to introduce VR/AR features into the platform for a more immersive experience for users in the future. Simply put, each “Quest” on TaskChain’s “Quest2Earn” feature breaks down everyday tasks into a game-like experience where users who fulfill these tasks get to earn XP points as they level up and collect rewards. The rewards are paid in TaskChain’s native token called $TASKC. In contrast to other similar platforms, TaskChain stands out as a true pioneer in the Web3 space. Unlike traditional microtask platforms, TaskChain’s Quest2Earn feature brings the thrill of gaming to real-life tasks, making the earning process enjoyable. By providing a wide range of Quests and Quest2Earn functions tailored to individual preferences, TaskChain ensures that everyone, regardless of their background or location, can participate and earn rewards. This inclusive approach empowers users from all walks of life to access valuable income opportunities and take charge of their financial futures. How TaskChain works As mentioned earlier, Quest2Earn is at the heart of TaskChain’s platform. Inspired by popular video game quests, Quest2Earn offers a dynamic and engaging earning experience, allowing users to boost their income, regardless of their location or skills. Quest2Earn presents a wide array of exciting quests, each tailored to individual interests and categorized into various themes such as shopping, traveling, learning, trading, events, etc. By completing these and many other tasks within these quests, users not only earn cryptocurrency rewards but also gain experience (XP) points to level up and unlock milestone rewards, making the earning process enjoyable and rewarding. Tom Klein, CEO of TaskChain, said; “TaskChain’s Quest2Earn is a game-changer, transforming mundane tasks into exciting opportunities to earn income while having fun. We believe in providing diverse earning opportunities for our users and creating a vibrant community where collaboration and support thrive.” TaskChain Presale TaskChain is set for kick-off with a listing price of $0.011 per TASKC token. With a current beta-stage price set at $0.004 per token, the 175% price difference marks the first phase of the presale. Early investors can participate in funding the project in an earlier price tranche. TaskChain has confirmed it has successfully passed a full security audit and KYC, providing extra security for investors. There is also a massive giveaway of $120,000 in rewards for presale participants to spice up involvement in the presale. $TASKC Token $TASKC ERC20 token, the lifeblood of TaskChain, is built on the most popular Ethereum Blockchain, which will provide transparency, security, and fast payouts with valuable rewards. With a total supply of 4 billion $TASKC tokens, scarcity, and value are baked into $TASKC’s design, the presale will give investors a chance to grab a share of 2.8 billion tokens spread across all the 11 exclusive stages. About TaskChain: TaskChain is set to build the world’s first unique Web3 earning platform. By combining a fun experience with crypto earnings and financial inclusion, TaskChain’s Quest2Earn feature will revolutionize the way individuals earn income and interact with blockchain technology. To get involved with TaskChain, visit the official website at taskchain.co and join the growing community. Website | Whitepaper | Socials Contact Tom Klein TaskChain [email protected]

LOS ANGELES, United States, August 8th, 2023, Chainwire Xsolla, a global video game commerce company, and global cryptocurrency platform Crypto.com have announced a partnership for the integration of Crypto.com’s checkout solution into Xsolla’s Pay Station platform. This transformative integration of Crypto.com Pay represents a significant advancement in the gaming industry and creates new possibilities for game developers and players, enabling them to accept cryptocurrency payments and streamline transactions in a user-friendly and secure manner for a universally enhanced experience. This pivotal update broadens the horizon for digital payment methods, offering players more diverse and preferred transaction options in digital and metaverse environments. This collaboration also marks a significant step for Crypto.com in building its presence and network across the gaming industry. “There is significant potential in the convergence of gaming and Web3,” said Eric Anziani, President and Chief Operating Officer of Crypto.com. “By partnering with a global gaming leader like Xsolla and leveraging our respective assets and expertise, we are helping make that potential a reality – giving developers, publishers, and players a seamless way to engage and create value in the crypto economy.” Xsolla’s Pay Station, which facilitates in-game purchases across 200+ regions and countries using a variety of compliant payment providers, is enhancing its service with the integration of Crypto.com Pay. This forthcoming development promises to expand the reach of developers and publishers, enabling them to engage a more diverse player base and tap into new, dynamic markets and revenue streams. “We are thrilled about this partnership with Crypto.com and the significant integration of Crypto.com Pay into our Pay Station platform. The gaming industry is rapidly evolving, and we must adapt to meet those changes. The integration of cryptocurrencies as a form of payment offers game developers and players an innovative payment solution that aligns with the global shift towards digital currencies,” said Chris Hewish, CEO of Xsolla. “Our collaboration with Crypto.com marks a pivotal moment for the gaming industry, paving the way for a more inclusive and secure gaming ecosystem.” “We are tremendously excited to take this first step with Xsolla as part of a broader collaboration initiative in Korea and on a global level,” said Patrick Yoon, General Manager of Crypto.com Korea. “We look forward to continuing to work with Xsolla in developing and advancing payment ecosystems and digital asset adoption.” For more information about Crypto.com Pay and Pay Station, please visit: xsolla.pro/cryptocom About Xsolla Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in Berlin, Seoul, Beijing, Kuala Lumpur, Tokyo, and cities around the world, Xsolla supports major gaming titles like Valve, Twitch, Roblox, Ubisoft, Epic Games, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more. For additional information and to learn more, please visit: xsolla.com About Crypto.com Founded in 2016, Crypto.com is trusted by more than 80 million customers worldwide and is the industry leader in regulatory compliance, security, and privacy. Our vision is simple: Cryptocurrency in Every Wallet. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem. Learn more at crypto.com Contact Global Director of Public Relations Derrick Stembridge Xsolla [email protected] 919-971-7855

The group has also reached out to the hacker to discuss the possible recovery. Hours after the issue was discovered, the purported wallet sent $30,000 USDC. A $1 million estimated attack caused Solana-based Cypher Protocol, a decentralized futures exchange, to suspend its smart contract. On August 7th, Cypher tweeted its users to let them know that the platform had encountered a security breach and had temporarily disabled its smart contract. The group has also reached out to the hacker to discuss the possible restitution of stolen monies and is determining the root cause of the vulnerability. Data from the Solana blockchain explorer Solscan suggests that the wallet associated with the vulnerability took about 38,530 SOL tokens and $123,184 USDC, for a grand total of $1,035,203. Hours after the issue was discovered, the purported wallet sent $30,000 USDC to the Solana USDC address “kiing.sol” on the cryptocurrency exchange Binance, suggesting an effort to withdraw the stolen assets. Not Successful in Making Contact Yet Since the vulnerability was discovered, many NFTs have been sent to the wallet, pleading for their recovery. Also, the suspected hacker has not yet transferred any assets based on Solana to the Ethereum network as of the time of publishing. Moreover, the assault occurred amid Cypher Protocol and Solana protocol Marginfi hosted the mtnDAO hacker house event. In a message sent out over Telegram, Marginfi said that it is operating independently of Cypher and is unaffected by the cyberattack. Unfortunately, the Cypher team has not been successful in making contact with the hacker. The Team has provided a list of possible ways to get in touch with the perpetrator in their most recent update. CMC reports that the current price of SOL is $23.17, reflecting a gain of 0.14% over the last 24 hours. Highlighted Crypto News Today: Tether (USDT) And USD Coin (USDC): Stablecoin Trends in H1 2023

United States Republican Patrick T. McHenry, Chair of the House Financial Services Committee, has released a statement calling for the need to pass the Stablecoin Bill in the wake of PayPal’s launch of its own stablecoin PYUSD. The Call For A Stablecoin Law According to the statement, McHenry believes stablecoins are the “pillar of our 21st-century payments system.” However, they must be regulated to reach their full potential. Part of the statement read: McHenry also recognizes the role of Congress in providing regulatory certainty to the crypto industry and the need to enact these laws that can keep the US at the “forefront of digital innovation.” The bipartisan Clarity for Payment Stablecoins Act, which was advanced by the House Financial Services Committee last month, is a legislative framework that seeks to regulate payment stablecoins. Many will be hoping that this bill could spearhead the passing of other crypto-related bills. PayPal Continues Journey Into Web3 On August 7, payment platform PayPal announced the launch of its dollar-backed stablecoin, PayPal (PYUSD), in collaboration with Paxos (Paxos also happens to be the issuer of Binance’s BUSD). This is part of Paypal’s efforts to increase its Web3 offerings as the company believes that fully-backed, regulated stablecoins can transform payments in the Web3 space. “The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar,” said Paypal’s President and CEO Dan Schulman. “Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD.” This isn’t Paypal’s first attempt at launching a stablecoin. In 2021, the company explored the possibility of launching a stablecoin but faced a setback following heightened regulatory scrutiny from the US Securities and Exchange Commission (SEC).

The exchange plans to provide cryptocurrency derivatives trading in Europe by 2024. Bitstamp is now the 7th biggest cryptocurrency exchange in the world. Bitstamp, a cryptocurrency exchange, is in negotiations to acquire additional capital as the industry faces increasing regulatory scrutiny across the globe. The exchange’s global CEO, Jean-Baptiste Graftieaux, has said that the company began raising capital in late June, advised by Galaxy Digital Holdings and Mike Novogratz. The money will be used by the exchange to increase its presence in both the European and Asian markets. Bitstamp is expanding to new Asian regions and plans to provide cryptocurrency derivatives trading in Europe by 2024. In addition, it hopes to expand its presence in the United Kingdom. The Financial Conduct Authority (FCA) in the United Kingdom granted authorization to the crypto exchange Bitstamp earlier in June. Graftieaux stated: Strategic Expansion Bitstamp, a cryptocurrency exchange based in Luxembourg, commenced in 2011. According to statistics compiled by CMC, it is now the 7th biggest cryptocurrency exchange in the world, with a 24-hour trading volume of roughly $126 million. Bitstamp was purchased in 2018 by the European investment group NXHM. Bitstamp’s American branch, Bitstamp USA, may legally do business in New York because of a significant license called BitLicense. This license has been crucial to its performance in the United States, where it has expanded its market share this year amid the decrease in market share of rival exchanges like Binance US. Amid rising regulatory scrutiny, crypto firms are actively looking to expand in Europe and other regions which offer a clear stance. Highlighted Crypto News Today: Brazil’s Central Bank Unveils CBDC ‘DREX’: Know More

Ethereum (ETH) reached a weekly low of $1,804 on August 7. The leading altcoin has struggled to cross the 1,900 level for the past few weeks staying between a range of $1800 – $1850. Ethereum (ETH), the leading altcoin by market capitalization, has experienced a slight recovery of 0.13% after reaching a weekly low of $1,804 on August 7. However, the trading price of ETH still stays below the $1,900 mark, showing bearish momentum in the crypto market. Yesterday, Ethereum experienced a downtrend that resulted in a weekly low of $1,804. In the past few weeks, the trading price of ETH has maintained below the $1,900 level, staying between $1800 – $1850. While the entire crypto market is waiting for ETH to hit the $2K mark, the leading altcoin is struggling to cross the 1,900 level. The year 2023 has been a rollercoaster ride for the Ethereum trading price. The second-largest cryptocurrency has started the year with bearish momentum. However, in April, ETH crossed the $2K mark for the first time this year. Following that, recently in July, the altcoin breached a significant level to reach $2,014. After that, ETH maintained its trading price of around $1,800. Ethereum (ETH) Price Analysis: 24-Hour Timeframe At the time of writing, Ethereum has been trading at $1,833, with a decline of over 0.21% in the last 24 hours. On the other hand, the daily trading volume of ETH has experienced an increase of 68.19%, according to CoinMarketCap. Ethereum (ETH) Trading Price Chart ( Source: TradingView ) The daily trading price chart shows that the ETH trading price is in neutral momentum as the current price is trading around the 50-day exponential moving average (50 EMA). According to the RSI Indicator, ETH is neutral and inching closer to the oversold zone. According to the data, if Ethereum experiences bullish momentum, it will reach the nearest resistance of $1,850. If the trend continues, the price will break through the $1900 range and even advance to surpass the $2,000 mark. On the other hand, another drop may begin if Ethereum fails to cross $1,850. If the leading altcoin drops below the $1,800 mark, the support is $1,780. What do you think, Will ETH show a pump? Tweet to us at @TheNewsCrypto and let us know your thoughts.

Ault Alliance Distributed 40 Shares of Common Stock and Warrants to Purchase 40 Shares of Common Stock of Imperalis Holding Corp. on July 10, 2023 and an Additional 15 Such Shares and Warrants on August 7, 2023 LAS VEGAS–(BUSINESS WIRE)–$AGREE #2nd_distribution_tranche—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, (“Ault Alliance” or the “Company”), hereby announces that the second partial distribution (the “Second Distribution”) related to securities of Imperalis Holding Corp. (OTC: IMHC), d/b/a TurnOnGreen, Inc. (“TurnOnGreen”) was completed on August 7, 2023. In the Second Distribution, stockholders of the Company received fifteen (15) shares of TurnOnGreen common stock and warrants to purchase fifteen (15) shares of TurnOnGreen common stock (the “TOG Securities”) for each share of common stock of the Company that they owned on July 24, 2023, the record date for the Second Distribution. The Company distributed 58,686,480 TOG Securities in the initial distribution and another 56,405,175 TOG Securities in the Second Distribution, for an aggregate of 115,091,655 TOG Securities distributed, leaving another 24,908,345 TOG Securities to be distributed in a final distribution (the “Final Distribution”). The Company intends, within the third quarter, to set a per share ratio of TOG Securities to be distributed as well as the record and payment dates for the Final Distribution, in which the remaining 24,908,345 TOG Securities will be distributed. “We are pleased to have completed the Second Distribution to our stockholders,” said Milton “Todd” Ault III, the Company’s Executive Chairman. He added that “We look forward to completing the Final Distribution and demonstrating to not only our stockholders but to the public in general that we will soon have fulfilled our publicly issued commitment regarding the TOG Securities. Additionally, we intend to assist TurnOnGreen in its application to list its shares of common stock on a national securities exchange as soon as it meets either Nasdaq’s or the NYSE American’s listing criteria.” This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to buy shares of the Company’s common stock or any other securities of the Company. The Second Distribution was not made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. Any distribution of the shares of TurnOnGreen common stock and warrants was and will be made only by means of the applicable registration statement and the prospectus included therein. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at https://www.ault.com/ or available at https://www.sec.gov/. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com. About Imperalis Holding Corp. TurnOnGreen designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets that TurnOnGreen serve include defense and aerospace, medical and healthcare, industrial, telecommunications, and e-Mobility. TurnOnGreen brings decades of experience to every project, working with its clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located in Milpitas, CA; www.TurnOnGreen.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at https://www.sec.gov/ and on the Company’s website at https://www.ault.com/. Contacts [email protected] or 1-888-753-2235

Cardano (ADA) is currently trading at a pivotal $0.291. The question is: Will ADA experience a 28% upswing or is a 23% drop on the horizon? Remarkably, the ADA price still remains in bearish territory, but the potential for a trend reversal is palpable. Price Analysis: 4-Hour Chart The 4-hour chart paints a picture of ADA trading just a smidge above the 23.6% Fibonacci retracement level, which stands at $0.286. Notably, on Monday, ADA briefly dipped below this level but was buoyed by the ascending trend line (black line) that was established in mid-June. This trend line is the bulls’ last stand; a breach could see a bearish descent to the year’s low of $0.22. Adding another layer of complexity, the 200-EMA (blue line) on the 4-hour chart is converging towards the 23.6% Fibonacci level. ADA’s recent inability to surpass the 20-EMA (red line) is concerning. With the moving averages trending downward, a compression between $0.28 and $0.30 seems inevitable. However, if ADA remains resilient above the 23.6% Fibonacci retracement level and the trendline, and manages to break the moving averages, especially the 200-EMA, then the bulls might just have a fighting chance. In this scenario, the 38.2% Fibonacci at $0.319, the 50% Fibonacci at $0.346, and the 61.8% Fibonacci at $0.378 become the next logical targets. A daily close above $0.38 (July’s high) would be a clarion call for the bulls, marking a 28% rallye from the recent price. Bullish Arguments for Cardano The recent price movements by Cardano might be bearish, but there are compelling arguments in favor of ADA’s potential resurgence. Santiment, a renowned analytics platform, recently tweeted: This statement is supported by data indicating ADA’s transaction volume surged above a staggering 67 billion ADA in consecutive weeks, a peak not seen since September 2021. Such heightened network activity is often interpreted as a bullish sign, indicative of increased user engagement and interest. Furthermore, ADA wallets holding between 100K-10M ADA now account for a significant 34.04% of all circulating tokens, suggesting strong confidence among larger investors. Also, Messari’s recent report on Cardano offers more reasons for optimism. The report delves deep into Cardano’s ecosystem, financial trends, and network performance. One of the standout revelations is the surge in decentralized app (dapp) activities. For the third consecutive quarter, Cardano has seen a remarkable uptick in dapp transactions, boasting a 49.0% quarter-over-quarter increase in Q2, averaging 57,900 daily transactions.

Litecoin (LTC) has recently faced a period of bearish pressure that has taken a toll on its market performance. The months of July and August have witnessed a shift in sentiment, as bearish forces began to dominate the crypto market. As of the latest update, LTC finds itself trading within a critical support zone, prompting discussions among traders and analysts about its potential trajectory. With the value of LTC hovering just below the $80 mark, market observers are closely monitoring whether this level will hold against the prevailing bearish sentiment. Litecoin Vital Support Zone Tested A recent price analysis has underscored the significance of the $80 threshold, suggesting that a breach below this point could potentially trigger an extended downtrend for Litecoin. The current market figures reflect a small 24-hour uptick of 0.2% and a seven-day decline of 8.5% with a current price of $82.57 on CoinGecko, painting a cautious picture for LTC’s short-term performance. The fluctuations in price during this period have sparked discussions about the factors contributing to Litecoin’s recent struggles. Halving Event And Its Impact The crypto community is no stranger to the phenomenon of halving, an event embedded in the genes of cryptocurrencies like Litecoin. In 2019, Litecoin underwent its second halving, a pre-programmed event that occurs approximately every four years. This event, characterized by a reduction in block rewards issued to miners, has historically carried significant implications for price trends. The halving event in 2019 witnessed a fascinating sequence of events. In the lead-up to the halving, Litecoin’s price experienced a rally, generating excitement among investors. However, the post-halving scenario took an unexpected turn as an extended downtrend followed, lasting for over 500 days. This downtrend was succeeded by a period of consolidation, marking the complexity of crypto market dynamics and the interplay between halving events and price trends. LTC’s Third Halving Event And Network Fundamentals Fast-forward to August 2, 2023, and Litecoin’s blockchain has just experienced its third halving event. Occurring at block 2,520,000, this event has effectively slashed mining rewards to 6.25 LTC per block. Despite the prevailing lull in price action, Litecoin’s network fundamentals remain robust. Meanwhile, Litecoin’s hashrate is poised to achieve an all-time high, exemplifying the network’s resilience and ongoing miner participation. Presently boasting a difficulty level of 933.2 TH/s, Litecoin inches closer to establishing a new record, highlighting its secure and decentralized network infrastructure. The strengthening hashrate and its associated positive network indicators underline Litecoin’s capacity to withstand market fluctuations and continue to evolve in the face of external pressures. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from The Currency Analytics

Stablecoin exchange supply surges hint at crypto rallies amid market turbulence. Around 70% of USD Coin (USDC) users are from Non-U.S. countries. In a volatile quarter for the cryptocurrency industry, stablecoins have emerged as key indicators for impending market surges, while leading exchange Huobi faces intensified scrutiny. The ongoing tug-of-war between regulatory uncertainty and market optimism has kept investors on their toes. Historically, the movement of stablecoins such as Tether (USDT) and USD Coin (USDC) onto exchanges has served as a prelude to crypto rallies. This trend held true in recent months, with both USDC and USDT influxes in December and February preceding notable price hikes. Furthermore, the surge in USDC supply in July has added to the upward momentum. USDT and USDC Exchange Supply Chart Source: Santiment Jeremy Allaire, CEO of Circle, estimated that approximately 70% of USDC adoption originates from countries beyond the United States. In an August 8 tweet, he highlighted this high non-U.S. adoption rate, stating that it remains strong in emerging and developing markets across Asia, Latin America (LATAM), and Africa. Tether (USDT) And USD Coin (USDC) Revisited Tether Holdings, the entity behind USDT, unveiled impressive Q2 figures, with surplus reserves skyrocketing by a staggering $850 million. It was accompanied by operational earnings exceeding $1 billion between April and June 2023. However, Tether’s inability to declare a net profit for Q2, coupled with a lower operating profit compared to the previous quarter, has generated scrutiny. In contrast, Q3 unfolded like a rollercoaster, with the Securities and Exchange Commission (SEC) casting a looming shadow over the crypto market. Tensions escalated as the SEC’s actions ignited concerns and fueled uncertainty among investors. Huobi and Stablecoins Amid ongoing Chinese regulatory investigations, Huobi, a prominent cryptocurrency exchange, became embroiled in controversy. Rumors of insolvency and leadership arrests swirled, prompting the exchange’s total value-locked (TVL) data to fluctuate. However, A Huobi spokesperson swiftly discredited these claims as “fake news.” It’s worth noting that Huobi’s stablecoin reserves, including Staked USDT (stUSDT), USDC, and other stablecoins, were reported at varying percentages according to Nansen data and DefiLlama. As the industry’s storm continues, key players remain instrumental. In a surprising twist, Justin Sun, founder of TRON, reportedly withdrew $200 million USDT from JustLend, channeling it into Huobi. This strategic move bolstered Huobi’s reserves to $285 million, adding yet another layer of intrigue to the unfolding narrative.

Bitcoin price is still facing strong resistance near $29,500. BTC is slowly moving higher and might start a steady increase above $29,500. Bitcoin is moving higher toward the $29,500 pivot level. The price is trading above $29,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance near $29,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a close above the $29,500 resistance zone. Bitcoin Price Eyes Fresh Increase Bitcoin price extended its decline below the $28,800 support zone. However, the downsides were limited below the $28,600 level. A low is formed near $28,628 and the price is now attempting a fresh increase. There was a move above the $28,900 and $29,000 levels. Besides, there was a break above a key bearish trend line with resistance near $29,080 on the hourly chart of the BTC/USD pair. The pair is now trading above $29,000 and the 100 hourly Simple moving average. A high is formed near $29,280 and the price is now consolidating gains. Bitcoin is trading above the 23.6% Fib retracement level of the upward move from the $28,628 swing low to the $29,280 high. Source: BTCUSD on TradingView.com Immediate resistance is near the $29,300 zone. The first major resistance is near the $29,400 level. The next major resistance is near the $29,500 level. A close above the $29,500 resistance might start a steady increase. In the stated case, the price could test $30,000. Any more gains might open the doors for a move toward $31,200. Fresh Decline In BTC? If Bitcoin fails to clear the $29,400 resistance, it could start a fresh decline. Immediate support on the downside is near the $29,100 level the 100 hourly Simple moving average. The next major support is near the $28,800 level, below which the price could accelerate lower. The next support is near the $28,400 level. Any more losses might call for a move toward the $28,000 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 – $29,100, followed by $28,800. Major Resistance Levels – $29,300, $29,400, and $29,500.

Since its inception, Bitcoin has (almost) always been the poster child for volatility. Yet, the Bitcoin price is hardly moving in any direction at the moment. But the latest data suggests a surprising twist in the tale. As per a recent report by on-chain data provider Glassnode, “Bitcoin markets are experiencing an incredibly quiet patch, with several measures of volatility collapsing towards all-time lows.” This raises the question: Are we entering a new era of Bitcoin price stability, or is the market misreading the signs? Historical Context For The Volatility Of Bitcoin To truly understand the current state of the market, it’s essential to delve into the historical context. The Glassnode report notes, “It has been 842-days since the bull market peak was set in April 2021.” During this period, Bitcoin’s recovery has been more robust than in previous cycles, trading at -54% below its all-time high (ATH), compared to a historical average of -64%. Drawing parallels with past cycles, the report highlights that both the 2015-16 and 2019-20 cycles underwent a “6-month period of sideways boredom before the market accelerated above the -54% drawdown level.” This could be indicative of a similar “boredom” phase in the current cycle. One of the most striking revelations from the Glassnode report is the extreme volatility compression Bitcoin is currently undergoing. “Bitcoin realized volatility ranging from 1-month to 1-year observation windows has fallen dramatically in 2023, reaching multi-year lows.” This is reminiscent of four distinct periods in Bitcoin’s history, including the late stage of the 2015 bear market and the post-March 2020 consolidation following the outbreak of COVID-19. Following the furious rally at the beginning to 2023, the price performance on both a quarterly and monthly basis has moderated. This mirrors Bitcoin’s previous cycles where the initial surge from the low is robust, but then transitions into a prolonged phase of uneven consolidation, a phase of re-accumulation. Furthermore, the report states, “The price range which separates the 7-day high and low is just 3.6%. Just 4.8% of all trading days have ever experienced a tighter weekly trade range.” The 30-day price range is even more extreme, constricting price to just a 9.8%, and with only 2.8% of all months in BTC’s history being tighter. Such levels of price compression are rare for Bitcoin, suggesting an anomaly or a potential precursor to a significant market move. Derivatives Market Insights The derivatives market, often seen as a barometer for underlying asset sentiment, is also echoing this quiet spell. “The combined Futures and Options trade volume for [BTC and ETH] are at, or approaching all-time-lows,” the report notes. This is further emphasized by the fact that “BTC is currently seeing $19.0B in aggregate derivatives trade volume, whilst ETH markets have just $9.2B/day.” Interestingly, the options market is showing signs of a significant “volatility crush.” As per Glassnode, “Options are pricing in the smallest volatility premium in history, with IV between 24% and 52%, less than half of the long-term baseline.” This is further corroborated by the historically low Put/Call Ratio and the 25-delta skew metric, suggesting a net bullish sentiment in the market. The crux of the matter lies in interpreting these signs. The report aptly questions, “Given the context of Bitcoin’s infamous volatility, is a new era of BTC price stability upon us, or is volatility mispriced?” Historically, periods of low volatility in Bitcoin have often been followed by significant price movements. Whether this is a calm before a storm or a genuine shift towards a more stable Bitcoin remains to be seen. But as Tony “The Bull”, the chief chart technician at NewsBTC, has pointed out yesterday, the technical indicators are also pointing to a prolonged period of re-accumulation, meaning that the phase of low volatility is likely to continue for some time to come. At press time, the BTC price was at $29,277.

Brazil’s central bank has named its upcoming central bank digital currency (CBDC) as “DREX.” DREX aims to enhance and boost financial services in the country. DREX will utilize distributed ledger technology to facilitate efficient wholesale interbank transactions. On Monday, Brazil’s central bank unveiled its imminent central bank digital currency (CBDC), named “DREX,” which is set to launch next year. The purpose behind this initiative is to enhance the country’s financial services through the utilization of this digital currency. The central bank of Brazil revealed the new CBDC name, DREX, during a live broadcast on the bank’s official YouTube channel, hosted by Fábio Araújo, the coordinator of the digital real initiative, and Aristides Cavalcante, deputy head of the Central Bank’s technology and information department. (Source: Brazilian central bank) The scope of DREX’s capabilities is set to expand rapidly. Initially, it will enable seamless buying and selling of public treasury bonds, characterized by quick transaction execution. To support these operations, DREX will rely on the underpinning of the Web3 infrastructure. That allowing for efficient burning, creation, and registration of tokens. However, DREX poised to revolutionize the financial services sector by leveraging cutting-edge technology. It will utilize the distributed ledger technology to streamline wholesale interbank transactions. Additionally, the digital currency will facilitate retail access through the innovative approach of tokenized bank deposits. Moreover, the central bank officials have outlined a strategic timeline for the rollout of DREX. After undergoing a rigorous testing phase, the projected commencement of this Brazilian digital currency’s adoption is by the end of 2024. This eagerly anticipated development holds the promise of ushering in a new era of financial innovation and accessibility in Brazil’s economic landscape.

The Yield Guild Games (YGG) token recently surged, rising by 580% in less than a week before crashing, as visible in the daily chart. YGG is currently changing hands at $0.37 with a market capitalization of over $101 million when writing on August 7. Prices have since retraced from the $0.99 recorded earlier today as the token fell by over 60%. The recent spike and general volatility have seen trading volumes soar as trading activity is concentrated on Binance and KuCoin. YGG Whales Dumping Amidst the notable growth, there are reports of venture capital (VC) companies that initially backed the project, backing off and reportedly selling the token primarily on Binance. For instance, Lookonchain data on August 7 shows that Bitkraft Ventures and DWF Labs have moved their YGG to Binance and will likely sell. Last year, DWF Labs received 29.13 million YGG from Yield Guild Games Treasury. However, on-chain data shows that most of these tokens have since been moved to exchanges. Bitkraft used Wintermute and FalconX to move coins to Binance. Trackers show that the official Wintermute Trading wallet has deposited 11.1 million YGG to exchanges over the past four days. The crypto market maker still holds 2.5 million YGG. Youbi Capital has also deposited 1 million YGG to Binance. Currently, it holds 11.6 million YGG. Sfermion is also joining the selling bandwagon, which initially claimed 1.2 million YGG. It used FalconX, a provider serving crypto whales, to deposit the token to Binance. Partnership With Axie Infinity Developer Yield Guild Games is a gaming guild primarily focusing on play-to-earn (P2E) blockchain games. As a community, the platform uses non-fungible tokens (NFTs) and has created a collaborative network of players and investors to navigate NFT gaming. In mid-July, YGG partnered with Axie Infinity’s developer to release SUPERQUESTS. The feature, Yield Guild Games said, aims to enable guild members to engage in web3 games and earn enhanced in-game rewards. They added that this initiative was a significant step towards improving the web3 gaming experience for members. Over the months, NFT, metaverse, and blockchain gaming activity have rapidly contracted as token asset prices fell throughout 2022. Furthermore, fears of regulatory crackdown appear to be discouraging developers. In June, the United States Securities and Exchange Commission (SEC) cited AXS by Axie Infinity as an example of unregistered security.

Bitcoin (BTC) has been no stranger to dramatic price swings in the volatile cryptocurrency world. As September approaches, market analysts closely monitor BTC’s possibility of plunging below the $25,000 mark. However, history has shown that September’s struggles often pave the way for a resurgence in October, with massive rallies that rekindle investor optimism. Potential For BTC To Drop Below $25,000 Before A Promising October When examining Bitcoin’s historical performance during September, it becomes evident that the month has posed challenges for the world’s most renowned cryptocurrency. Previous September has witnessed BTC experiencing declines of up to 13%. This downward trend has undoubtedly concerned traders and investors, raising questions about the sustainability of Bitcoin’s bullish momentum. According to Timothy Peterson, market analyst and investment Manager, based on current market analysis, there is a 50% probability that Bitcoin’s price will dip below the $25,000 threshold before September concludes. While a potential drop below $25,000 might cause temporary unease among Bitcoin enthusiasts, historical patterns suggest that October could be the month to look forward to. In the past, September’s price declines have often catalyzed significant rallies in the subsequent month. Observing the heatmap above, Peterson identified instances where Bitcoin rebounded with gains as high as 48% following sharp declines in September. If Bitcoin does indeed experience a dip below $25,000 in September, it may mark the final significant correction before the commencement of a new bull run cycle. On this note, Peterson believes that such a dip, coupled with the subsequent recovery and October’s potential rally, could set the stage for substantial gains in the coming months. Bitcoin Bullish Divergence As BTC experienced a drop from $32,000 to $29,000, trader Ali Martinez highlighted a significant trend; the number of new Bitcoin addresses continued to rise steadily. This intriguing divergence between price and network growth provides insights into BTC’s potentially stable long-term uptrend. While Bitcoin’s price exhibited a downward trajectory, the number of newly created Bitcoin addresses has consistently grown. This divergence is noteworthy, suggesting that despite short-term price fluctuations, the network’s expansion remains robust. It signifies a growing interest in Bitcoin adoption and usage, which, in turn, supports the notion of a stable and sustainable long-term uptrend. Conversely, Bitcoin remains trapped within a price range of $29,200 and $28,900, a pattern that has persisted since the start of August. As of the time of writing, BTC is trading at $28,960, reflecting a 0.5% decrease in the last 24 hours. Featured image from iStock, chart from TradingView.com

Recent data from CryptoQuant on August 7 shows that few Bitcoin holders are moving coins away from centralized cryptocurrency exchanges like Binance and Coinbase. Despite BTC prices increasing in recent weeks and teetering close to the $30,000 psychological level, this observation is accurate. More Bitcoin Held in Exchanges As of July 28, there were 30,663 addresses withdrawing coins from exchanges though prices were relatively higher, trading around $28,000, up from around $25,000 registered on June 14 when 39,311 addresses moved coins. On April 14, when BTC changed hands at around $30,000, 132,237 addresses withdrew the coin from exchanges. The drop in the number of exchange addresses moving coins to external, often non-custodial wallets can be a concern, significantly if prices are rising. The shift also raises important questions about why more Bitcoin holders opt to store coins in exchanges despite these ramps being targets by hackers. Usually, when fewer people transfer their Bitcoin to external, often non-custodial wallets, it might mean they’re unsure about the uptrend. As such, they keep their coins on exchanges to quickly sell for USDT or traditional currencies like USD or Euro if needed. Optimism Abound Even with this change, the broader Bitcoin community remains positive about the coin’s potential in the coming months. This optimism comes partly from recent classifications from agencies like the Securities and Exchange Commission (SEC) and Commodity Futures Trade Commission (CFTC) that expressly endorse Bitcoin as a commodity subject to capital gains tax. Other digital assets like ETH have not been categorized as such, sowing doubts among some Ethereum holders that US regulators can classify the second most valuable coin as a security. Because of this positive outlook on the world’s most valuable coin, advanced derivatives, like BlackRock’s planned launch (if approved) of a spot Bitcoin Exchange-Traded Fund (ETF), are being developed. Complex Bitcoin trading products are already live in Canada and other parts of the world. Bloomberg Intelligence analysts say that the odds of a Bitcoin ETF getting approved by the SEC are 65%. The increase is partly due to bullish progress, including SEC Chair Gary Gensler’s comments on Bitcoin, the regulator’s reportedly insisting that BTC is the only commodity before Coinbase was sued, and the agency accepting re-filing from BlackRock’s ETF. While the upcoming halving of Bitcoin in 2024 could be good news, Bloomberg analysts argue that the expected upswing appears to be “priced in” based on “previous cycles.” Subsequently, analysts think BTC may rally to $50,000 by April 2024, looking at how prices have been performing in the recent few months.