On Wednesday, August, 2, crypto exchange Bitstamp made a cryptic tweet teasing a new announcement and development for XRP. The exchange kept its promise and made the announcement. However, did it live up to the expectations and hype? The Big Announcement Popular digital asset exchange platform Bitstamp has recently unveiled its highly anticipated XRP announcement. The new feature allows users to stake their XRP holdings and earn long-term 2% APY in rewards. This offering is part of the platform’s creative Bitstamp Earn Lending Program, which offers users a reliable and secure means to lend their XRP holdings and earn rewards in return. Bistamp’s lending service stands out because of its numerous benefits that provide participants with confidence in the whole lending procedure. Bitstamp will also not convert or lend users’ assets without explicit consent and instructions. To partake in XRP staking, users of the platform can easily navigate to the Earn Lending column on Bitstamp. While on the section, they will be offered an option to stake their XRP and earn the mouth-watering 2% APY rewards. To bolster trust and entrench transparency, Bitstamp has partnered with Tesseract, a renowned firm that is specialized in exclusive lending to trusted borrowers. Tesseract will conduct thorough credit and risk evaluations on all prospective borrowers, thereby augmenting the general safety and reliability of the lending service. Bitstamp will also render monthly performance reports to enhance transparency. The reports will cover key metrics, such as the risk profile of borrowers, portfolio concentration, and collateral levels. Members of XRP React The recent announcement has sparked a wave of expectations and reactions within the XRP community. The announcement of the 2% APY on XRP lending has been met with disappointment as community members expected a more groundbreaking revelation. Community members had previously speculated on the nature of the announcement, with some XRP proponents speculating that Bitstamp may consider a full integration with the XRP Ledger (XRPL) decentralized exchange (DEX). Popular XRP community members like Dig Perspective emphasized that while the 2% APY looks good, the community expected something more remarkable. Whichever way it goes, it remains to be seen if Bitstamp will live up to its promises. XRP’s price is currently trading at $0.66, representing a 0.65% and 7.17% decline on the daily and weekly charts, respectively.

Bitcoin has continued to struggle recently as its price is still in the low $29,000 level. Here’s what on-chain data says about if a rebound is likely or not. What Does Bitcoin On-Chain Data Say About The Asset’s Near-Term Outlook? Bitcoin has stagnated recently as the cryptocurrency’s price has failed to keep any significant moves going. Even the latest decline in the asset has been indecisive, as the price didn’t take long to fall back to a sideways movement. Under these conditions, it’s natural that investors may be wondering when the asset might break out of this consolidation. Related Reading: Quant Explains How These Indicators Affect Ethereum Price Recent on-chain data from Santiment sheds light on the underlying metrics related to the asset, which may contain hints about where the cryptocurrency’s price could be heading next. First, here is a chart that shows the data for two of the Bitcoin indicators that are of interest here: As you can see in the above graph, there are two indicators of relevance here: the “daily active addresses” and the “ratio of on-chain transaction volume in profit to loss.” The former of these naturally keeps track of the total number of unique addresses on the Bitcoin blockchain that are taking part in some kind of transaction activity on the network. From the chart, it’s visible that this metric has observed a large spike recently, suggesting that a high number of addresses have become active. Generally, a large number of addresses making transfers on the chain implies that a high amount of users are making use of the chain right now. The current value of the metric suggests that more than a million addresses have been active recently, which is the highest that the indicator has been since the middle of April. Such an increase in utility suggests that there is a large amount of interest in the coin at the moment. Now, the other metric here measures the difference between the profit-taking and loss-taking volumes on the Bitcoin network. As is visible in the graph, this indicator has a negative value currently, which means that the majority of the selling in the market is happening at some loss. These negative levels of the metric are similar in scale to those observed back during the March plunge. Historically, bottoms in the price have become more probable to form when investors are capitulating like this, as the coins of the weak hands are picked up by the strong hands in such periods. If a rebound move does arise from this capitulation, then its timing may be ideal, as a high amount of active addresses can mean the presence of a large number of traders who can help fuel the move. Additionally, the Bitcoin millionaire and billionaire addresses have also been behind the asset recently, as they have added 27,755 BTC to their holdings since May. Based on these factors, it’s not hard to believe that a rebound in the cryptocurrency’s price might take place in the near future, although it may only be a short-term move. BTC Price At the time of writing, Bitcoin is trading around $29,100, down 1% in the last week.

Deepfake videos and the rest of synthetic media generate a mixed wave of fascination and fear. This crypto project DeepFakeAI created deepfake videos of Elon Musk, Binance CEO CZ, and Vitalik Buterin. With the advent of advanced models of artificial intelligence (AI), the technology space is evolving rapidly with revolutionary innovations. Out of them all, deepfakes, tech-enabled mimicries, and the ‘synthetic media’ hold major hype and concern as the controversial technology trends of the decade. Deepfake technology generates altered videos, images, or audio of real people combinedly using AI along with machine learning (ML), and facial mapping. Monetizing deepfakes was quite a rare attempt before 2020, as it garnered negative criticisms and warnings. However, nowadays some AI projects leverage this technology to open up economic value and new modes of content creation. Syncing Deepfakes and Crypto The AI project in the crypto industry, DeepFakeAI, gained fame among the community for its superimposed videos of Tesla CEO Elon Musk, the SEO Chair Gary Gensler, Binance CEO Changpeng Zhao (CZ), and Ethereum co-founder Vitalik Buterin. Notably, the platform facilitates users to customize and create AI-generated videos through deepfake technology. Users could gain access to the platform’s services through a native bot on Telegram or a web API on their website. The process of developing deepfake videos on the platform is fast-paced and cost-effective. Initially, an AI voice is generated and fed through the platform’s deepfake algorithm. Next, the voice is synchronized with a video snippet featuring a specific person using the lip-syncing process. In this way, new deepfake characters — that mimic real-world personalities — are created. These characters are then utilized as the principal elements of unique deepfake videos. Highly-creative and entertaining promotional videos generated via this technology serve as fascinating use cases for commercial purposes. DeepFakeAI sheds light on a wide array of opportunities for users to generate revenue from deepfake videos. Users could create unique videos and resell them for profit. It has also been reported that a community member generated a revenue of $520 for fulfilling video orders via the platform. Moreover, this AI project aims to bolster video creation services on video-streaming platforms such as YouTube and freelancing websites such as Fiverr.com, Freelancer, and the like. Cryptocurrency FAKEAI is assigned as the native utility token of DeepFakeAI, enabling users to utilize the platform’s services. Holding this token provides specific benefits such as free usage of certain packages on the platform. At the time of writing, according to CoinGecko data, FAKEAI traded at $0.00031306. Despite the lucrative scenario, people of different generations — GenX to GenZ — fear the negative consequences of this technology. As a way to address these concerns, projects like DeepFakeAI encourage users to abide by ethical practices and transparency.

Binance, the world’s largest crypto exchange, recently added the BTC/FDUSD and ETH/FDUSD trading pairs to its zero-fee trading program. Binance recently listed FDUSD, a 1:1 USD stablecoin on the BNB smart chain issued by Hong Kong-based licensed trust company, First Digital. With the new zero-fee trading program, users can buy and sell supported cryptocurrencies using FDUSD without paying transaction fees. Binance Introduces Zero-Fee Trading Program The zero-fee trading program is part of Binance’s efforts to increase trading volumes between stablecoin pairs. The company currently has a zero-fee bitcoin trading & BUSD zero maker fee promotion for supported stablecoins. With its latest move, Binance is adding FDUSD to the fray of supported stablecoins on both spot & margin trading pairs. Taker fees are paid when the trade order is executed, while maker fees are paid when users make limit orders. According to the announcement on its blog, starting August 8, users will be able to enjoy zero maker and taker fees on the BTC/FDUSD spot and margin trading pairs. Users will also enjoy zero maker fees on all FDUSD spot and margin trading pairs, but takers will continue to pay standard fees based on the existing trading structure. The Potential Impact On Prices Binance’s announcement to waive trading fees could significantly impact the prices of Bitcoin and Ethereum. As the world’s largest crypto exchange, Binance wields a lot of influence over the crypto market. In the past, Binance’s fee reductions and zero-fee promotions have preceded price pumps and increases in trading volume for the included cryptocurrencies, even if they are only temporary. Bitcoin, on its own, seems to have found a footing just below $30,000, but the influx of new money and traders could support a higher price push for Bitcoin. The same goes for Ethereum, which is currently ranging around $1,800. With no trading fees, investors can also move money in and out of stablecoins freely to take advantage of arbitrage opportunities across exchanges or trade pairs. In March, Binance’s decided to implement zero maker and taker fees on the BTC-TUSD. As a result, the TUSD stablecoin surged 10x in trading volume, surpassing $1 billion in less than 24 hours. During this time period, the BTC-TUSD pair on Binance alone exceeded $700 million in trading volume. It is unclear when the zero-fee trading promotion will end on the BTC/FDUSD and ETH/FDUSD trading pairs, but it is expected to increase the volume of FDUSD being traded on the exchange.

Bitcoin has flashed an important high timeframe buy signal on the Vortex Indicator. Find out why this suggests a storm of buying could be brewing in crypto — and why it could soon suck up everything in its path. Forecasting A Storm in Crypto Like a meteorologist can with some degree of accuracy forecast the weather, a technical analyst can increase the probability of predicting price movements. Both fields rely on on watching for potentially cyclical behavior, repeating patterns, seasonality, and historical trends. But instead of classifying cloud formations, technical analysts rely on Ichimoku clouds expanding and contracting with volatility, or other similar tools. Yet another technical tool related to the elements, the Vortex Indicator, says that Bitcoin buying season is around the corner, and once it starts, it could suck in everyone that’s sidelined and then some. About The Bitcoin Vortex Indicator The 1M Bitcoin Vortex Indicator has crossed bullish. According to Wikipedia, a buy signal triggers when VM+ crossed above VM-. First revealed by creators Etienne Botes and Douglas Siepman in 2010, the tool helps “identify the start of a new trend or the continuation of the existing trend.” Notably, in the past, each time the buy signal triggered, the bottom in Bitcoin was in. Even during the COVID collapse the monthly Vortex Indicator didn’t give another sell signal. Also worth mentioning is the fact that it appears to give its signal on the later side, after a bear or bull market is already visible. This speaks to the tool’s use for confirming trend changes. Only a handful of the buy side signals have triggered in BTCUSD history, and each time cryptocurrencies stormed substantially higher. The Vortex Indicator was inspired by the work from Viktor Schauberger, an Austrian forest caretaker, naturalist, philosopher, inventor and pseudoscientist. Schauberger studied the flow of water in rivers and turbines during his career. Etienne Botes and Douglas Siepman developed the “idea that movements and flows within financial markets are similar to the vortex motions found in water.” In nature, vortices are powerful forces inherent to whirlpools, tornados, and other powerful storms, known for sucking in everything in its path. Even the Great Red Spot on Jupiter is a vortex circling uncontrollably for hundreds – potentially thousands – of years. With this storm potentially changing direction, a wave of buying could be in the forecast.

Sullivan’s contributions as President have strengthened the organization and enhanced its operational excellence AUSTIN, Texas–(BUSINESS WIRE)–$CORZQ #bitcoin—Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced Adam Sullivan has been appointed Chief Executive Officer. Adam assumes the CEO position after serving as President of Core Scientific. Mike Levitt will continue as the Chairman of the Board of Directors. Since joining the company, Adam has redesigned Core’s organizational structure, enhanced the Company’s restructuring efforts and improved communication and collaboration across functions. Adam’s expertise and strategic vision for the future of Core Scientific has resulted in increased engagement across the team. “Adam has been instrumental to Core Scientific in his role as President. He has demonstrated the ability to align, empower and energize Core Scientific’s outstanding team,” said Chairman Mike Levitt. “Our next phase of growth as a company will only be enhanced by his leadership.” “I am honored and grateful to Chairman Mike Levitt, the Board of Directors and our outstanding team for their trust in me to serve as Chief Executive Officer of this organization,” said Adam Sullivan. “Core Scientific is extremely well positioned to emerge from the restructuring process as a more efficient, more focused and stronger company with a clear roadmap to expand our capacity cost-effectively as a North American leader in bitcoin mining.” Based on updated reporting information since the Company’s July 5 press release, as of June 30, 2023, Core Scientific operated approximately 211,000 bitcoin miners for both colocation and self-mining, representing a total potential hash rate of 22.2 exahashes per second at its data center facilities in Georgia, Kentucky, North Carolina, North Dakota and Texas. Core Scientific’s self-mining operations produced 1,030 bitcoin in June, and 7,768 bitcoin in the first half of the year, more than any other listed bitcoin miner in North America. ABOUT ADAM SULLIVAN Adam Sullivan has more than a decade of experience in financial services, with a focus on investment banking in the digital assets and infrastructure space. His expertise spans strategy development, corporate finance and M&A. Prior to joining Core Scientific as President in 2023, Adam served as a Managing Director and Head of Digital Assets and Infrastructure at XMS Capital Partners. In his role at XMS, Adam established himself as one of the key facilitators for M&A and capital raises in the crypto mining industry, overseeing more than $5 billion of transactions, including Core Scientific’s business combination with Power & Digital Infrastructure Acquisition Corp. (“XPDI”) (NASDAQ: XPDI) in 2021. He previously served at Indian Wells Capital Management and M&T Bank. Adam received his Bachelor of Arts in Financial Economics from the University of Rochester. ABOUT CORE SCIENTIFIC Core Scientific (OTC: CORZQ) is one of the largest blockchain computing data center providers and miners of digital assets in North America. Core Scientific has operated blockchain computing data centers in North America since 2017, using its facilities and intellectual property portfolio for colocated digital asset mining and self-mining. Core Scientific operates data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas. Core Scientific’s proprietary Minder® fleet management software combines the Company’s colocation expertise with data analytics to deliver maximum uptime, alerting, monitoring and management of all miners in the Company’s network. To learn more, visit http://www.corescientific.com. FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, those related to the Company’s ability to scale and grow its business, meet its expected operating plan, source clean and renewable energy, the advantages and expected growth of the Company, future estimates of revenue, net income, adjusted EBITDA, total debt, free cash flow, liquidity and future financing availability, future estimates of computing capacity and operating capacity, future demand for colocation capacity, future estimate of hash rate (including mix of self-mining and colocation) and operating gigawatts, future projects in construction or negotiation and future expectations of operation location, orders for miners and critical infrastructure, future estimates of self-mining capacity, the public float of the Company’s shares, future infrastructure additions and their operational capacity, and operating capacity and site features of the Company’s operations and planned operations. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the Company’s ability to obtain bankruptcy court approval with respect to motions in its Chapter 11 cases, successfully enter into and implement a restructuring plan, emerge from Chapter 11 and achieve significant cash flows from operations; the effects of the Chapter 11 cases on the Company and on the interests of various constituents, bankruptcy court rulings in the Chapter 11 cases and the outcome of the Chapter 11 cases in general, the length of time the Company will operate under the Chapter 11 cases, risks associated with any third-party motions in the Chapter 11 cases, the potential adverse effects of the Chapter 11 cases on the Company’s liquidity or results of operations and increased legal and other professional costs necessary to execute the Company’s reorganization; satisfaction of any conditions to which the Company’s debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside of the Company’s control; the consequences of the acceleration of the Company’s debt obligations; the trading price and volatility of the Company’s common stock as well as other risk factors set forth in the Company’s reports filed with the U.S. Securities & Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Accordingly, undue reliance should not be placed upon the forward-looking statements. Please follow us on: https://www.linkedin.com/company/corescientific/ https://twitter.com/core_scientific Contacts Investors: [email protected] Media: [email protected]

Binance has continued to make significant strides, cementing its role as a crucial player in the market. One of the recent moves involves the addition of 22 new loanable and collateral assets to its Flexible Loan and VIP Loan services, including the meme-inspired cryptocurrency, Shiba Inu. This marks an essential milestone for Shiba Inu, intensifying the spotlight of the dog-themed meme coin. Shiba Inu Emerges As A Viable Collateral Asset Binance’s approval of Shiba Inu as a collateral asset is specifically noteworthy as it suggests that the crypto exchange is acknowledging Shiba Inu’s market potential and the growing trust in its liquidity. This could possibly pave the way for increased adoption of SHIB as a credible asset within the wider crypto and decentralized finance (DeFi) space. Simultaneously, the recent development has ignited conjecture about the possibility of Bone ShibaSwap (BONE) tokens being listed on Binance. This conjecture aligns with the eagerly-awaited roll-out of the layer 2 blockchain, Shibarium, slated for unveiling within the current month. Should this transpire, it could boost the visibility and credibility of both SHIB and BONE. Interestingly, Binance’s announcement on August 4 didn’t only involve Shiba Inu. Among other notable assets are Compound and Theta, representing the exchange’s commitment to continually broaden its offering to cater to diverse crypto investors. Implications For SHIB’s Future The potential implications for Shiba Inu following this announcement are profound. It is a significant indicator of the coin’s evolution from its meme origin to a legitimate financial asset within the crypto sphere. Particularly, the acceptance of SHIB as a collateral asset could attract serious investors, impacting its price and market cap in the long run. Further driving this speculation is Binance’s potential listing of the BONE token, dependent on the successful Shibarium mainnet launch. As previously disclosed by the lead developer, Shytoshi Kusama, the Shibarium launch is expected in August, making BONE’s listing on Binance a distinct possibility. If actualized, this could further solidify Shiba Inu’s standing in the market, making it a coin worth watching in the crypto space. To further showcase Shiba Inu’s seriousness in becoming more than a meme coin, Kusama reportedly disclosed the Shiba Inu project, Shibarium, will integrate Digital Identity Verification into all its future developments. The lead developer noted: Alongside this update, SHIB has seen a nearly 5% gain in value in the past 24 hours bringing its price to currently trade at $0.00000858, at the time of writing. Featured image from WatcherGuru, Chart from TradingView

Its gross profit for the second quarter of 2023 was $1.87 billion, up 27% year over year. Bitcoin revenue was up 34% over the same time in 2022. Block Inc., a company that facilitates Bitcoin payments, has announced that its gross profit for the second quarter of 2023 was $1.87 billion, up 27% year over year. In addition, Bitcoin accounted for $2.4 billion of the firm’s reported $5.5 billion in net revenue during the second quarter. Bitcoin revenue for the business previously known as Square was up 34% over the same time in 2022. There was a 39% rise in Bitcoin revenue for Block’s Cash App business to $1.16 billion from the same time in 2022. The corporation claimed that the revenue would have contributed even more to the bottom line if it hadn’t been for a drop in pricing. Promoting Bitcoin Adoption The firm explained the rise in revenue and gross profit from Bitcoin revenue to clients as the reason for the increase, despite the fact that the average market price of Bitcoin fell over the same time period. The $245 million worth of Bitcoins held by the corporation as of June 30, 2023, were not subject to any impairment losses over the three or six-month periods ending June 30, 2023. Jack Dorsey, co-founder of Twitter, also started the payment processing business Block. Cash App, its mobile app, is widely used to purchase and sell Bitcoin. The Lightning Network, a “second-layer solution” for Bitcoin, was integrated into the app last year, enabling users to perform instant, low-value cryptocurrency transactions. This action exemplifies the firm’s dedication to promoting Bitcoin adoption. Highlighted Crypto News Today: Coinbase Beats Q2 Earnings Forecast Amid Ongoing SEC Lawsuit

TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that invests in web3 assets and builds web3 businesses, is pleased to share that it will release its financial results for the three and nine months ended June 30, 2023 (“Q3 2023”) on Thursday August 10th, 2023. An investor webinar hosted by CEO Andrew Kiguel on Zoom has been scheduled to discuss the Company’s Q3 2023 financial results starting at 10:00 am ET on August 11th, 2023. Investor Webinar Details: Date: August 11th, 2023 Time: 10:00 a.m. ET Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_xb5kUpV2QMu4MRVFLfDGWg To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers. About Tokens.com Tokens.com Corp is a publicly traded company that invests in web3 assets and builds web3 businesses. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) play-to-earn crypto gaming. Tokens.com owns digital assets and operating businesses within each of these categories. Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Metaverse Group wholly-owns a subsidiary called cocoNFT, a platform that allows Instagram users to mint and sell NFTs easily. Additionally, Metaverse Group is a strategic investor in Metaverse Architects, a leading 3D modeling and game development studio. Web3 gaming operations occur within a subsidiary called Hulk Labs. All our businesses are tied together by the utilization of blockchain technology and are linked to high-growth macro trends within web3. Through sharing resources and infrastructure across these business segments, Tokens.com is able to efficiently incubate these businesses from inception to revenue. Visit Tokens.com to learn more. Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube. Forward-Looking Statements This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Contacts Tokens.com Corp. Andrew Kiguel, CEO Telephone: +1-647-578-7490 Email: [email protected] Jennifer Karkula, Head of Communications Email: [email protected] Media Contact: Ali Clarke – Talk Shop Media Email: [email protected]

What does this mean for Bitcoin and the broader crypto market? In a surprising move that has sent ripples through the financial world, billionaire hedge fund manager Bill Ackman recently announced that he is shorting 30-year Treasury bills. Ackman predicts that yields could soon skyrocket to 5.5%, a move he is positioning as a hedge against the impact of long-term rates on stocks in a world he believes will be characterized by persistent 3% inflation. “I have been surprised how low US long-term rates have remained in light of structural changes that are likely to lead to higher levels of long-term inflation,” Ackman wrote on Twitter. He cited factors such as de-globalization, higher defense costs, the energy transition, growing entitlements, and the greater bargaining power of workers as potential drivers of this inflation. Ackman also pointed to the overbought nature of long-term Treasurys and the increasing supply of these securities due to the U.S.’s $32 trillion debt and large deficits. “When you couple new issuance with QT, it is hard to imagine how the market absorbs such a large increase in supply without materially higher rates,” he added. Remarkably, the 30 year yield climbed to 4.28% yesterday. However, not everyone agrees with Ackman’s perspective. Ram Ahluwalia, CEO of Lumida Wealth, suggested that Ackman’s views might already be priced into the market. “When someone has an idea, especially a hedge fund manager, it’s good mental habit to assume the idea is Consensus,” Ahluwalia wrote on Twitter. He even suggested taking the opposite view, advocating for buying 10-year bonds in the 4.1 to 4.25% range and mortgage bonds at 6.5 to 7%. Meanwhile, Lisa Abramowicz, a Bloomberg analyst, noted that the U.S. Treasury selloff has been driven by long-dated notes, not those most sensitive to Fed policy. “This suggests two things: traders expect inflation to stay higher for longer and they question whether the Fed is truly going to raise rates high enough to achieve 2% inflation,” she said. Implications For Bitcoin And The Crypto Market? Since the opinions are divergent and, moreover, Bitcoin and bond yields are linked in several ways, there are several potential scenarios. Scenario 1: Yields Rise Significantly If Bill Ackman’s prediction comes true and the yield on 30-year Treasury bills rises significantly to around 5.5%, this could have several implications for Bitcoin. Increased Risk Appetite: Higher bond yields could indicate a greater risk appetite among investors. If investors are willing to accept higher risk for higher returns, they might also be more inclined to invest in Bitcoin, which is often seen as a riskier asset. This could potentially drive up the price of Bitcoin. Inflation Hedge: If the rise in bond yields is driven by increased inflation expectations, Bitcoin could attract more investment as a potential store of value. Bitcoin, often referred to as ‘digital gold’, has been seen by some investors as a hedge against inflation. If inflation continues to rise and erodes the value of fiat currencies, more investors might turn to Bitcoin, pushing its price higher. However, that’s a narrative that still needs to be proven over time. Furthermore, it’s important to note that if yields rise too quickly or too high, it could lead to a sell-off in risk assets, including Bitcoin, as investors move to safer assets. This could potentially put downward pressure on Bitcoin’s price. Scenario 2: Yields Remain Stable Or Fall If, contrary to Ackman’s prediction, yields remain stable or fall, this could also impact Bitcoin. Risk Aversion: Lower yields could suggest that investors are moving towards safer assets, which could negatively impact Bitcoin prices. If investors are less willing to take on risk, they might move away from Bitcoin towards safer assets like bonds. Liquidity Conditions: Bond yields can reflect liquidity conditions in the market. If yields fall, it could suggest that liquidity is high. In such a scenario, there could be more capital available for investment in assets like Bitcoin, potentially supporting its price. Scenario 3: Market Uncertainty Increases If market uncertainty increases, for example due to concerns about U.S. fiscal policy or rapid repricing in the bond market, Bitcoin could potentially serve as a hedge. Hedge Against Uncertainty: In times of market uncertainty, like in the banking crisis in March, some investors might turn to Bitcoin as a potential hedge. If Bitcoin’s perceived status as a ‘digital gold’ or safe haven asset strengthens, this could potentially attract more investment and drive up its price. However, it’s important to note that Bitcoin’s reaction to market uncertainty can be unpredictable and can depend on a variety of factors, including investor sentiment and broader market conditions. In conclusion, the potential impact of bond yield movements on Bitcoin’s price is complex and can depend on a variety of factors. Investors should remain vigilant and consider a range of potential scenarios. Otherwise, Bitcoin and crypto intrinsic factors like the approval of a Bitcoin spot ETF, a Ether futures ETF or any actions by the US Department of Justice (DOJ) against Binance, among others, have the potential to cause an increased volatility.

The European Edition of the prominent Global Blockchain Congress by Agora Group that took place on July 24th & 25th, 2023 at Hilton London Bankside, UK, was a huge success. This edition’s main theme was: DeFi, Gaming, Metaverse, and NFTs, which brought A-list speakers, some of the industry’s top-level experts, providing the most reliable insights. The Global Blockchain Congress aims to significantly contribute to the advancement of blockchain technology in the world by providing a unique platform to connect some of the most influential blockchain leaders. The European Edition Global Blockchain Congress featured more than 50 speakers, 100 investors, 15 sponsors and partners, 30 media partners and more than 250 delegates. Similarly, there were more than 260 one-on-one meetings conducted between investors and blockchain startups from more than 23 countries during this two-day event. At the end of the two-day congress, took place the 5th edition of The Global Blockchain Congress Awards Ceremony. The winners were voted by the investors depending on the likelihood of their project to get funded. The first place was won by DeltaPrime followed by Maniac Panda Games and MYFC respectively. Also a special mention to our: Gold Sponsors: Bluemoon, CrowdPoint, DeltaPrime, Juneo, Kyoto protocol, Maniac Panda Games, MYFC, Vital XP, & Zeebu Silver Sponsor: GoArt Metaverse Bronze & Lanyard Sponsor: Scallop Bronze Sponsors: AmazeWallet, Brass Synergy, Chain4Travel AG, Go2NFT, MYTH Central, & Vital XP Strategic Partners: Animoca Brands, & Kelsier Labs Partners: Binance Labs, & 18 Ventures Agora Group is very excited to announce that the 12th edition of the Global Blockchain Congress in Dubai on December 11th & 12th, 2023. Stay tuned! Register here: bit.ly/12th-GBC “Agora continues to deliver a high-level crypto conference which shows they are here to stay and be a must-go to the event on the crypto calendar! Nathan Pearson-Smith – CEO, 18 Ventures Agora produced a meaningful event that enabled more intimate and value add conversations to be made in comparison to the larger crypto conferences. It was great to be a part of their first London conference! Nishil Patel – Executive Director, Binance “ Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommends 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.

For the Month of July 2023 Sentinum Has Mined 145 Bitcoin for a Total Annualized Run Rate of 1,740 Bitcoin LAS VEGAS–(BUSINESS WIRE)–$AGREE #145_Bitcoin_mined_July_2023—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that its wholly-owned subsidiary, Sentinum, Inc., mined a combined total of 909 Bitcoins from January 1, 2023 through July 31, 2023. This achievement includes the mining of 668 Bitcoins through its dedicated data center located in Michigan during the same period. An additional 241 Bitcoins were mined in partnership with Core Scientific, a leader in customizable infrastructure and software solutions for Blockchain networks, since the inception of the partnership on April 6th, 2023. “We are excited to share our notable strides in Bitcoin mining with our stakeholders; this success underscores our strategic efficiency and dedication,” stated Milton “Todd” Ault, III, Executive Chairman of Ault Alliance. “By leveraging the growing opportunities in the digital asset sector, we stay committed to elevating shareholder value. We extend our appreciation to our partners at Core Scientific, whose significant contributions were instrumental in achieving these impressive figures.” Ault Alliance maintains its commitment to the exploration and utilization of Blockchain technology, contributing to the digital asset industry while providing substantial value to its shareholders. This unaudited update underscores Ault Alliance’s unwavering dedication to transparency and maintaining open communication with its shareholders and the broader market. Ault Alliance notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations. 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 www.ault.com or available at 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 colocation and offers 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. 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 www.sec.gov and on the Company’s website at www.ault.com. Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235

The current price of COIN stock still represents a year-to-date gain of 170%. CEO Brian Armstrong stated the company is in good financial shape. Coinbase announced on August 3 that its Q2 earnings were above forecasts despite being sued by the SEC. Financial results for the corporation exceeded Wall Street forecasts. Analysts had forecast a loss of 76 cents per share, thus the company’s actual loss of 42 cents per share was better than expected. Their $708 million in adjusted revenue was also above the $628 million predicted by experts. Revenue was broken down as follows: subscription revenue was $335 million, down 7% from the prior quarter. However, income from transactions increased to $327 million. Revenue from subscriptions was $362 million while revenue from transactions was $375 million in the previous quarter. Good Financial Shape The price of a share of Coinbase stock (COIN) was $90.75 at the time of writing and is up 0.35%. Over the last two weeks, COIN stock has dropped by 10%. The current price of COIN stock still represents a year-to-date gain of 170%. The exchange’s CEO Brian Armstrong stated the company is in good financial shape despite the bear market on recent earnings call. On the same call, Coinbase’s chief legal officer Paul Grewal similarly voiced optimism that his company will prevail in court against the SEC. Grewal said their case against Coinbase would center on the exchange’s claims that it does not trade in securities. They argue that even after the registration statement was deemed effective in April 2021, Coinbase was never informed that it was needed to register with the SEC. Highlighted Crypto News Today: BTC Continues to Fall, Can Bulls Regain the Momentum?

The cryptocurrency industry had a number of noteworthy events in the first half of 2023, reaffirming its status as a top global risk asset. Investors sought solutions to handle the highly unpredictable market and secure larger returns in the face of the hurdles offered by significant market changes. As a result, many people began trading high-leverage contracts, exposing themselves to potential liquidation and trading failures owing to a lack of experience and risk management. In response to these obstacles, Tapbit provides a breakthrough contract copy trading platform that enables traders, both rookie and experienced, to earn like pros while lowering the likelihood of losses. Copy Trading: A Game-Changing Opportunity for Investors Copy trading is an effective approach that allows users to mimic the trading activities of experienced and successful traders. Investors can benefit from skilled traders’ skills, get useful insights, and minimise potential risks during market volatility by following them for at least six months. Why Should You Use Tapbit Copy Trading? Tapbit stands out as a trustworthy and respectable contract trading platform, with a user-friendly interface and a wide range of games and investing options. Tapbit’s revolutionary features let users to customise their copy trading tactics, such as preset follow ratios, preset TP/SL (take-profit/stop-loss) and customizable initial position options. This adaptability reduces copy trading hazards while adapting to consumers’ individual trading behaviours. With over 300 top traders and well-known Key Opinion Leaders (KOLs) already on board, Tapbit’s copy trading ecosystem provides a wide choice of solutions to meet the demands of any investor. Pursuing Excellence Tapbit, as a new cryptocurrency exchange, is dedicated to providing a secure, smooth, and profitable contract trading experience. Tapbit aspires to improve security, liquidity, and user simplicity to offer a pleasurable trading trip through strong technology support, devoted product development, and user-centric services. Visit Tapbit’s official website at https://www.tapbit.com/ to learn more and start profiting like a pro. Twitter Telegram Facebook YouTube Instagram LinkedIn Contact Information: Website: https://www.tapbit.com/ Contact person: Zora Chia Company Name: Tapbit Company Email: [email protected] Country: Seychelles, US 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.

BTC’s recent dip to $29,005 amid a 19.36% trading volume decline raised caution. Bitcoin volatile pattern: Declines, short squeezes, potential trend shift after retracement. Bitcoin, the largest cryptocurrency by market capitalization, is currently causing concern among investors and traders due to its strong bearish momentum. On August 2nd, BTC broke through its downtrend week, reaching the $29,995 mark, and briefly exhibited a bullish moment following an announcement from MicroStrategy. The company revealed plans to sell up to $750 million in stock to fund Bitcoin purchases. However, the very next day, the bears regained control, pushing the price down to a low of $29,005. Despite the historical levels of volatility that BTC has experienced this year, crypto analysts have noticed a recurring pattern in recent weeks: initial declines followed by aggressive short positions, subsequent short squeezes, and potential shifts as spot traders buy post-squeeze. This pattern draws parallels with past halving phases, where initial downtrends eventually led to strong bull runs. With the next halving in less than a year, there’s anticipation that BTC will eventually move away from its current high volatility. Investors are currently treading cautiously with BTC, as trading volume has declined by 19.36%, amounting to a valuation of $12,681,667,790 in 24h . Will The BTC Bulls Regain Control? An examination of the daily price chart highlights a dip below the short-term 50-day simple moving average (50 SMA). It is emphasizing the prevailing bearish sentiment. The 50 SMA is currently positioned at $29,341. BTC Price Chart, Source: TradingView The daily Relative Strength Index (RSI) indicates that BTC has slipped below the neutral zone, registering a value of 45. This signals a potential oversold condition. If buyers manage to drive the price above this narrow range, the BTC/USDT pair could experience an ascent toward the overhead resistance zone. It is spanning from $31,000 to $32,400. Conversely, a breach below the $28,585 level might trigger a downward movement. Moving toward $27,500 followed by a potential further decline to $26,000. Currently, according to CoinMarketCap, the BTC price stands at $29,204, marking a slight increase of 0.35%. Will Bitcoin Price reach $30000 before the end of the year? Share your thoughts by tweeting us at @The_NewsCrypto

Shiba Inu (SHIB) is experiencing a remarkable surge in its upward movement, fueled by growing anticipation among meme coin enthusiasts for the upcoming introduction of Shibarium, an innovative upgrade to its layer 2 blockchain. Scheduled for release this August, Shibarium holds the key to addressing the prevailing scalability and network congestion issues that the Shiba Inu blockchain currently grapples with. Its primary objective is to propel the SHIB token to unprecedented success. While investors in Shiba Inu eagerly anticipate this significant milestone, a group of financial specialists has recently been consulted to offer their expert perspectives on how SHIB might respond following the successful implementation of the Shibarium upgrade. Shibarium’s Potential Impact On SHIB, According To Experts Jonathan Merry, CEO of Moneyzine.com, elucidated that Shibarium is a developer platform to revolutionize the accessibility of SHIB-related token transactions. Additionally, it will establish a central space for developers to forge and unveil their projects, Merry elaborated. Merry noted:. Ultimately, the potential realization of SHIB reaching $0.01 and the ascent of the BONE token price from $1 to $1,000 could be catalyzed by Shibarium, the executive suggested. Adam Garcia, CEO of The Stock Dork, delved into the significance of the forthcoming Shibarium upgrade, underscoring its role in mitigating the scalability and network congestion obstacles currently confronting the blockchain. Garcia said: He added that there is optimism that the token’s value could experience a substantial increase in the short term, especially as the network capabilities are upgraded and “supply-side pressures are reduced.” A Pivotal Juncture For Shiba Inu The analysis provided by these experts underscores the significance of the Shibarium upgrade for the SHIB token’s future. This juncture marks a technical evolution and a potential turning point in SHIB’s journey toward greater adoption and value appreciation. The crypto community awaits the unveiling of Shibarium this month, and all eyes are on how this upgrade might catalyze a new era for Shiba Inu and its associated tokens. At the time of writing, SHIB was trading at $0.00000842, up 2.4% in the past 24 hours and notched a seven-day surge of 7.4%, data from crypto market tracker CoinGecko shows. (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

London, UK, August 4th, 2023, Chainwire Shiba Memu, a buzzing new AI-backed crypto meme coin, is creating more stir as it surges past the $1.5 million fundraising milestone and makes its exchange announcement debut with a BitMart listing – all within just one month of its presale starting. Getting listed on an established exchange like Bitmart, a significant player since 2017 that showcases an impressive roster of over 1500 cryptocurrency pairs, underscores a smart strategic play for the project. The main idea behind Shiba Memu’s AI was born out of the team’s experiences with excessive marketing agency fees in previous business endeavors. This motivated them to take the initiative, developing a self-promoting AI that can scale into a variety of practical applications. The tangible concept, combined with the appealing Shiba Memu mascot, has fueled a wave of interest from investors and crypto enthusiasts who recognize the long-term potential of the project. Shiba Memu is currently priced at $0.0181, with a scheduled price increase every 24 hours, courtesy of the team’s expertly programmed smart contract. This enticing mechanism is especially appealing to presale fans, as it guarantees the token purchase price will always be lower than the eventual exchange listing price. For example, if you bought today at $0.0181 the increase by the end of the presale on day 60 would be 35%. SHMU tokens are available to purchase on the official Shiba Memu website here. Why is Shiba Memu Trending? Shiba Memu’s notable success can be attributed to the untapped potential of its AI. Still in its early stages, the AI employs Natural Language Processing (NLP) and Sentiment Analysis to scan the web, primarily focusing on social platforms, for Shiba Memu mentions and tailors its promotions accordingly. This has transformed the brand image from a simple cute dog meme to a funny and engaging dog meme with a sharp sense of humor! The glimpse into the project’s future, and the forthcoming AI dashboards scheduled for Q4, are whetting investor appetite for meme coins with tangible utility. The project boasts a healthy outlook in its tokenomics, with 85% of tokens being dedicated to its presale, 10% to exchange listing liquidity and 5% to development – putting real power in the hands of SHMU owners in the future development of the dApp. Crypto Community Backing Is Driving Shiba Memu Engagement Through the Roof With more and more hard-hitting YouTubers getting involved with the project, it’s no wonder that global enthusiasm for the project is growing by the day. Prominent Youtuber NFTsGuide, with over 700K followers recently described the project as a ‘AI Marketing Powerhouse’, which again goes to show how the developers premise of building self-marketing tech is relatable to not only investors but crypto enthusiasts. Some have even speculated that Shiba Memu is in the running to dominate other memes, with Crypto Moonlight’s channel suggesting this could be an interesting opportunity for those who missed out on PEPE and others like Austin Hilton making some bold price predictions and calculations about how much SHMU investors would need to hold to hit significant ROI. The rapidity with which word has spread and the interest it’s gauged from seasoned hands like those above goes to show that the marketing tactics implemented so far are gaining serious traction – it will be interesting indeed to see how this one plays out. Now on day 32 of the presale which is scheduled to run for 60 days, at which time the price will have increased 119% from $0.011125 to $0.024400, Shiba Memu is truly racing ahead – time is running out for investors looking to get involved. About Shiba Memu Shiba Memu (SHMU) is a fresh dog-themed crypto meme coin that supports a platform utilizing AI to promote itself and generate buzz in online communities. This technology is poised to gain traction within the blockchain industry in the coming years, establishing Shiba Memu’s position as an industry innovator. The innovative AI technology behind the project demonstrates true innovation in the meme coin sector, offering small and medium-sized businesses access to effective marketing solutions that could significantly cut costs and provide competitive advantage. Learn more about this innovative AI-powered dog meme on the official website. For more information: Website | Whitepaper | Socials Contact Shiba Memu Press Shiba Memu [email protected]

David Puell, an on-chain researcher at Ark Invest, today shared his insights in a detailed report, offering a nuanced perspective on Bitcoin’s current standing and future prospects. The report, titled “The Bitcoin Monthly: July 2023,” addresses several key topics that are central to understanding the current state of Bitcoin. These topics include a comprehensive market summary, an analysis of Bitcoin’s low volatility and whether it indicates a potential breakdown or breakout, as well as a discussion on the impact of the Federal Reserve’s tightening policy as a leading indicator of price deflation. Ark Invest’s Near-Term Bitcoin Price Prediction Puell’s analysis reveals a mixed, but mainly bullish outlook for Bitcoin, with the cryptocurrency ending July at $29,230, above its 200-week moving average and its short-term-holder (STH) cost basis of $28,328. This suggests a strong support level for Bitcoin, indicating a potential upward trend, notes Puell. However, Bitcoin’s 90-day volatility, which dropped to 36% in July, a level not seen since January 2017, presents a neutral outlook. Puell explains, “Based on its low level of volatility, we believe the Bitcoin price could be setting up to move dramatically in one direction or the other during the next few months.” This could mean a significant price movement, but the direction – up or down – is uncertain. Puell also points to signs of miner capitulation as a bullish indicator. “During July, the 30-day moving average of Bitcoin’s hash rate dropped below its 60-day moving average, suggesting that miner activity had capitulated,” he states. Miner capitulation is typically associated with oversold conditions in BTC price, hinting at a potential bullish reversal. The “liveliness” metric, which measures potential selling pressure relative to current holding behavior, also suggests a bullish trend. The analyst notes, “In July, liveliness dropped below 60%, suggesting the strongest long-term holding behavior since the last quarter of 2020.” This indicates that more holders are keeping their coins rather than selling them, which could drive the price up. ARK’s own short-term-holder profit/loss ratio, which ended July at ~1, is also seen as a bullish sign. Puell explains, “This breakeven level correlates both with local bottoms during primary bull markets and with local tops during bear market environments.” However, the future of Binance’s BNB token, which is facing increased regulatory pressure, looks bearish according to Puell. He warns, “As regulatory pressure increases on crypto exchange Binance, its native token, BNB, could be on the threshold of significant turbulence.” If BNB breaks down, it could potentially impact the overall stability of the crypto market, including BTC. Macro Outlook On the macroeconomic front, Puell discusses the potential impact of the Fed’s 22-fold increase in interest rates, which he views as bearish for Bitcoin and the broader economy. He states, “According to renowned economist Milton Friedman, monetary policy works with ‘long and variable lags’ that last 12-18 months, suggesting that the full impact of the Fed’s 22-fold increase in interest rates has yet to hit.” The Zillow Rent Index, which leads the Owners’ Equivalent Rent (OER) by roughly nine months, suggests that Consumer Price Index (CPI) inflation could decelerate significantly below 2% by year-end. Puell views this as a bullish sign for Bitcoin, as it could potentially increase the attractiveness of non-inflationary assets like Bitcoin. Lastly, Ark Invest takes a neutral stance on the falling US import prices from China, despite the yuan’s depreciation by ~12% since February 2022. He notes, “All else equal, China exporters should have increased prices to offset the depreciation of the yuan. Instead, they have cut prices, harming their profitability.” In conclusion, Puell’s report presents a complex picture for Bitcoin. While there are a lot of signs for a potential bullish trend, there are also significant risks and uncertainties that could lead to bearish outcomes. At press time, the BTC price was at $29.152. The most crucial resistance at the moment lies at $29.450. If BTC can overcome this resistance, a breakout from the multi-week downtrend might be possible.

The Sandbox (SAND) planned to unlock 16.16% of its total circulating supply. Daily trading volume of SAND experienced a surge of 14.98%. The Sandbox (SAND), a blockchain-based metaverse firm, is planning to make a significant move in the crypto market. The team is scheduled to make its next unlock of SAND tokens worth $134.4 million this month. On the other hand, SAND made a big move before the next unlock with a 127 million token transfer. Token Unlocks, the token analytics dashboard, has revealed that The Sandbox will unlock 332.55 million SAND tokens worth $134.4 million on August 14. This unlock is 16.16% of its total circulating supply. The entire crypto market is expecting that the upcoming unlock will have a greater impact on the SAND trading price. Token unlocking is the process of releasing locked tokens. The project will lock the tokens for several periods of time. During this time, the token will not traded or liquidated. Unlocking the token will allow them to enter the market again. Sandbox (SAND) Made a Big Transfer According to Token Unlocks, previously, The Sandbox unlocked 372.57 million tokens worth $149.99 million on February 14. After six months, The Sandbox team has scheduled its next unlock event. As of now, 68% of SAND tokens are unlocked. And there are 949.32 million tokens yet to released. Adding to this, Look on Chain, a blockchain analytics platform, reported that 127 million SAND tokens worth $51.32 million transferred from The Sandbox wallet. With the unlock event around the corner, the transaction from The Sandbox team has raised questions in the crypto market. At the time of writing, the trading price of The Sandbox is $0.4015, with a decline of over 2.67% in the last 24 hours. The daily trading volume of SAND experienced a surge of 14.98%, according to CoinMarketCap.

In August of this year, the WhiteBIT cryptocurrency exchange announced the launch of its own blockchain, WB Network. This monumental move marks a new era of progress for the company and its community, with the primary aim of promoting the widespread adoption of blockchain technologies. The blockchain launch brings faster crypto transaction processing, reduced user fees, and a range of innovative solutions within a transparent user-owned infrastructure. In just four years of operation, the WhiteBIT crypto exchange has cultivated a vast ecosystem, with WB Network being a pivotal milestone in its development. The team remains steadfast in building products outlined in their one-year-old roadmap. Over this period, they successfully released their own token, WhiteBIT Token (WBT), conducted a network Testnet, and carried out a successful retrodrop, culminating in the launch of the WB Network blockchain. The presence of a Testnet and retrodrop (the system of rewarding users for testing the blockchain) underscores the significance of the community in shaping the WB Network’s development. The project’s primary objective is proactively integrating technology into the real economy. In pursuit of this goal, the WhiteBIT team has introduced several incentive programs, including a commission and reward distribution system, grant opportunities for ambitious projects, and various other initiatives. The newly created blockchain works on the Proof-of-Authority (PoA) consensus algorithm. According to PoA, trusted nodes act as validators when creating blocks, which ensures a stable and secure infrastructure. WB Network is built on top of Geth (Go-Ethereum), and the underlying blockchain coin is WhiteBIT Coin (WBT), formerly WhiteBIT Token (WBT). The presence of its own blockchain allows the token to become a coin, giving the asset even more prospects for development. Adhering to the gold cybersecurity standard, WB Network successfully passed Hacken’s audit before launch and received the highest rating. The path to the blockchain release was full of community-friendly, inextricably linked events. On the eve of the launch of WB Network Mainnet, the team held a retrodrop, a reward for participating in network testing and additional tasks. As part of the retrodrop, users had to complete tasks on the Testnet and platform Zealy. In addition, activity on the exchange was considered, for example, the use of WhiteBIT products, the duration of the account, the presence of exchangeable NFTs, and, of course, the storage of the native WBT token in the Holding. 100 000 WBT were divided among the participants in different proportions depending on the results of the above mentioned tasks. At the time of publishing this article, users can already receive their reward. Along with the launch of WB Network, several interconnected features of the blockchain became known. Among them is WB Soul Ecosystem, a special development that allows users to recreate their identity in the blockchain environment securely without providing personal data. For this, the technology enables using Soul attributes and Soulbound tokens. The values of these and other characteristics make up the user’s identity in the network. Attributes are characteristics that can change, such as the number of WBTs in Holding and the status of KYC verification. Soulbound tokens are the unchanging qualities of each WB Soul. Each SBT is fixed to a specific address, so it cannot be sold or transferred. Thus, SBTs represent unique achievements and statuses associated with WB Soul. It is difficult to outline all the advantages of the WB Soul ecosystem at this time since the idea involves many possible technology uses. However, it is now known about another initiative of the team that will bring unconditional benefits to users of the new blockchain — Souldrop. This is a WB Network commission and fund redistribution program. For this purpose, a smart contract was created to accrue rewards on Soul to users who have WBT in Holding. To implement this and other programs, a portion of WBT funds were transferred from the Tron network to WB Network by burning WBT and minting the corresponding amount of WBT on the WB Network. More details about these processes are described in WB Network Whitepaper. The benefits of storing WhiteBIT Coin continue beyond there. Previously, the WhiteBIT Launchpad product announcement page appeared on the exchange’s website, where users with the appropriate level of WBT Holding will be able to learn about new crypto projects before they enter the market, vote for their listing on the exchange, and participate in token sales rounds of these projects. Also, as part of the reorganization of WBT funds, in addition to the Souldrop mentioned above program, the amount of the coins from the ecosystem fund will be used to grant ambitious projects that will implement their solutions on the WB Network blockchain. Commented Volodymyr Nosov, founder and CEO of WhiteBIT: “From the very first day of the exchange’s operation, we promised each other that if we set about something, we would reach the goal at the highest level because otherwise there is no point in doing it. And now, four years later, we are launching WB Network, and we as a team are very pleased with the result. The idea was to create a sustainable infrastructure for the activities of ambitious blockchain developers and crypto enthusiasts, so to speak, to pass on our best practices to the crypto community and give life to new blockchain ideas. After all, this is what we are all here for. For WhiteBIT users, this is a new level of using the exchange and new opportunities for interaction with decentralized technologies. For us, there is space for creating even more large-scale products and services.” The launch of WB Network is a landmark event for WhiteBIT and the entire crypto community. It is not just a new network but the result of hard work to create a balanced and compatible ecosystem that will serve as a runway for technological innovation. WhiteBIT is one of the largest European centralized crypto exchanges, originally from Ukraine, founded in 2018. Today, the company has more than 1000 specialists. The exchange offers 350+ trading pairs, 270+ assets, and 10+ state currencies. The highest average daily trading volume is more than $2.5 billion. The number of users of the exchange is over 4 million people from all over the world. The company is an official partner of the Ukrainian national football team, FC Barcelona, a partner of Lifecell, FACEIT, and the National University “Kyiv-Mohyla Academy”. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide. 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.