Shibarium Beta on Puppynet achieves record-breaking 34.5 million transactions as release date approaches. Shiba Inu (SHIB) reaches new ATH with 3.51 million wallets holding the cryptocurrency. Exciting announcement of SHIB-sponsored beach party at Blockchain Conference adds to the anticipation surrounding the meme-inspired digital asset. As the highly anticipated release date of Shibarium draws near, the Shibarium Beta continues to achieve new milestones and break records. With less than two weeks remaining, users on Puppynet are driving the platform to new heights with a record-breaking number of transactions. According to Puppyscan data, the number of transactions on the Shibarium Beta has now exceeded 34.5 million, indicating significant progress within the ecosystem. Interestingly, the count of linked wallet addresses has remained relatively stable at around 17.06 million over the past month, with a modest increase of approximately 1,000. The overall count of blocks mined on Puppynet has also been on a gradual rise, with approximately 100,000 new blocks added recently, bringing the total count to 1,964,116. Shiba Inu (SHIB) has achieved a new all-time high (ATH) in terms of wallets holding the cryptocurrency. A staggering 3.51 million wallets now hold SHIB tokens, signifying a significant increase of approximately 115% per week in July. The surge in the number of wallets reflects growing interest and adoption of the meme-inspired digital asset. Upcoming Shiba Inu Beach Party Announced In exciting news for the SHIB community, an announcement was made about a big party being organized by SHIB this August at the annual Blockchain Conference. The party, which will be held on the beach, will be fully sponsored by SHIB, offering attendees refreshing drinks and mouthwatering food. With Shibarium’s release on the horizon and multiple achievements being unlocked on the Puppynet platform, the Shiba Inu community eagerly anticipates further developments that may shape the future trajectory of this cryptocurrency in the ever-evolving crypto market.

Prior, Coinbase was the second-largest cryptocurrency exchange. Binance has maintained its position as the leading crypto exchange by trading volume. According to data compiled by CCData, South Korean crypto exchange Upbit overtook Coinbase and OKX in trading volume for the first time in July. Both Coinbase and OKX, two centralized exchanges, suffered a decrease in trading volume in July, with Coinbase’s volume falling by 11.6% to $28.6 billion and OKX’s falling by 5.8% to $29 billion. As a result of the recent market movement, the study now ranks Upbit as the second-largest exchange by trading volume, behind only Binance. Prior, Coinbase was the second-largest cryptocurrency exchange. Other South Korean exchanges such as Bithumb and CoinOne also showed a surge in trading volume during July, the research stated. Binance has maintained its position as the leading cryptocurrency exchange by trading volume, with $208 billion. Despite continuing to lead, the exchange has seen its market share fall for five consecutive months, reaching 40.4%, its lowest point since August 2022. In the past, the exchange had a dominant share of the market of over 57%. Binance’s loss of market share coincides with increased regulatory scrutiny of the crypto exchange. XRP Ruling Effect In July, Upbit’s market share grew by more than any other exchange, reaching 5.8% of all volume traded on centralized exchanges. On July 14, speculative fervor was evident when trading volumes of XRP tokens versus the Korean won on UpBit reached $2.5 billion, the biggest among rivals. Judge Torres’s historic ruling in the XRP vs. SEC litigation was a crucial factor in this. This amounted to more than half of UpBit’s overall trading volume in that period.

Program Teaches Bay Area Students About Bitcoin, Blockchain, and NFTs While also Encouraging them to Apply for Circle Scholar Awards BOSTON & SAN FRANCISCO–(BUSINESS WIRE)–Circle Internet Financial, a global fintech firm and issuer of USDC, and Junior Achievement (JA) of Northern California, a renowned non-profit organization dedicated to equipping young people with skills for economic success, announced today the launch of the Digital Financial Literacy Curriculum in the Bay Area. This program aims to empower and educate high school students about internet-native financial services. Both Circle and JA of Northern California are committed to expanding the reach of financial education and preparing students to succeed in a global economy. With the help of JA of Northern California, Circle has developed the Digital Financial Literacy Curriculum, a two-part program divided into lessons on the history and evolution of money, bitcoin, blockchain, NFTs, and stablecoins. In an early pilot with JA of Northern California summer interns, the first course received a 4.1 out of 5 rating, with feedback that 92% of participants recommended the lesson as a valuable resource for high school students and young adults. As part of the program, JA of Northern California is also managing the Circle Scholar award program. One of 20 $5,000 scholarships will be awarded to digital financial literacy students to attend a post-secondary school of their choice. Circle Scholars will be selected from candidates who complete the Digital Financial Literacy Curriculum between 2023 and 2025, apply for the scholarship, and exhibit the necessary skills to succeed in post-secondary education. “A key part of realizing Circle’s mission is ensuring everyone understands how to participate in the growing digital economy,” said Mercina Tillemann-Perez, VP of Circle Impact at Circle. “Working with Junior Achievement to break down the complexities of decentralized technology and digital assets will prepare students with resources to participate in and build the next generation of financial services and create a more inclusive and equitable community surrounding this industry.” “The opportunity to partner with Circle to develop and deliver informative and relevant information about the Digital Financial Literacy Curriculum is appealing,” said Cristene Burr, President and CEO of Junior Achievement of Northern California. “We innovate and create cutting-edge curricula with our corporate partners that can scale constantly. What’s new is that we allow students to pursue their post-secondary education goals by competing for a Circle Scholar Award. That’s transformational.” The Digital Financial Literacy Curriculum will be available to students throughout Northern California. Upon completion, students and teachers will learn more about the opportunity to apply for a Circle Scholar award. If your high school wants to participate, please email JA of NorCal at [email protected]. About Circle Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USDC and Euro Coin – highly liquid, interoperable, and trusted money protocols on the internet. Circle’s open and programmable platform and APIs make it easy for organizations to run their internet-scale business, whether it is making international payments, building globally-accessible Web3 apps or managing their internal treasury. Learn more at https://circle.com. About Junior Achievement of Northern California (JA) Junior Achievement of Northern California, established in 1950, is part of the world’s largest organization dedicated to educating students about financial literacy, entrepreneurship, and work readiness through experiential, hands-on programs. Our mission is to inspire and prepare young people to succeed in a global economy. JA of Northern California programs are delivered by corporate and community volunteers. For more information, visit www.janorcal.org. Contacts [email protected]

Hecht’s background includes time as a senior policy adviser at the U.S Treasury Department. As Hecht’s successor, Chief Compliance Officer Noah Perlman will be a close collaborator. A number of Binance’s senior legal and compliance employees have resigned in recent weeks, ostensibly due to the stress of handling several probes into the exchange’s business operations, although Binance strongly disputes this. Binance stated Thursday that it has hired Kristen Hecht as its new deputy chief compliance and global money laundering reporting officer. After less than two years as the chief compliance officer of Meta’s crypto wallet initiative, Novi Financial, Hecht is returning to Binance as the exchange’s worldwide head of corporate compliance. Also, Hecht’s background includes time as a senior policy adviser at the Treasury Department of the United States. Tough Times Ahead According to a press release, Hecht’s primary responsibilities in her new position will be working on the company’s compliance program and interacting with authorities, IGOs, and industry organizations. As Hecht’s successor, Chief Compliance Officer Noah Perlman will be a close collaborator. Moreover, this hiring comes as Binance maintains its position as a frontrunner in the fight against cryptocurrency players by U.S. legislators. The CFTC of the United States filed a lawsuit against Binance and its CEO, Changpeng Zhao, in March, claiming that the business unlawfully provided unregistered crypto derivatives products in the United States. Suing the exchange for alleged violations of federal securities laws, the SEC did the same thing later in June. Recently, it was reported that the U.S. DOJ is contemplating filing fraud charges against Binance, however, they may settle for penalties and delayed or non-prosecution as per sources. Highlighted Crypto News Today: Litecoin (LTC) Ranks Next to Bitcoin (BTC) With 34% Increase in Transactions

According to a recent report by Semafor, the company formerly known as Twitter (X) is making waves yet again, as it seeks to transform itself into a financial data giant by building a trading hub within its app. Will Dogecoin take the center of the stage? Elon Musk’s X Set To Disrupt Traditional Trading Platforms? In a request for plans viewed by Semafor and individuals familiar with the matter, the company outlined its vision for integrating financial content, real-time stock data, and other features into its platform. The request emphasizes the power of real-time information in the world of investing and highlights the enormous user base of “hundreds of millions of highly-qualified users” that the company can offer to potential partners. One striking aspect of the request is the absence of any mention of compensation. Instead, interested bidders are asked to state how much money they are willing to commit to the project themselves. This unconventional approach reflects the company’s determination to forge a new path and disrupt the industry without relying on traditional financial partnerships or revenue models. The comparison to WeChat in China, Gojek in Indonesia, Grab in Singapore, and Gozem in Africa further illustrates the company’s ambition. These “super-apps” have transformed the way people in their respective regions interact with technology, offering a wide range of services within a single platform. By positioning itself as the first Western super-app, the company aims to disrupt the traditional trading platforms. Dogecoin Integration On X’s Trading App? Twitter’s latest move to introduce a feature allowing users to access live stock charts by simply searching for a “cashtag” has sparked intrigue and speculation in the online community. With cashtag clicks experiencing a remarkable 51% growth over the past two months, it’s clear that Twitter is onto something potentially lucrative. This feature could not only attract users but also generate revenue for the company through partnerships with data startups like TradingView. On the other hand, Musk’s support for Dogecoin has been well-documented, and now, with the introduction of his new trading app, speculation is growing about the potential impact on the meme coin’s price. When writing, Dogecoin is trading at $0.07461, maintaining its price level for the past 24 hours. Nevertheless, the introduction of Musk’s trading app has the potential to ignite a new wave of enthusiasm for Dogecoin, leading to an increase in its value. However, it’s worth noting that Twitter’s plans to incorporate a one-click option to buy and sell stocks on eToro, a competitor to Robinhood, have been delayed. Initially slated for an April launch, this feature has yet to materialize. The potential to refer users to a brokerage platform like eToro could be a significant revenue stream for Twitter, as it seeks to regain the advertisers it lost after Elon Musk’s takeover. While Twitter’s foray into financial services and e-commerce may seem like a bold and innovative move, it is not without its challenges. Other social media giants in the United States, such as Snapchat and Meta (formerly Facebook), have attempted similar ventures with little success. Featured image from iStock, chart from TradingView.com

A quant has explained how the indicators like taker buy/sell ratio and Coinbase premium index can influence the price of Ethereum. Ethereum’s Relationship With Taker Buy/Sell Ratio & Coinbase Premium Index In a new CryptoQuant quicktake post, an analyst has discussed some metrics that could hold relevance for the ETH price. The first indicator of interest here is the “taker buy/sell ratio,” which tells us about the ratio between the Ethereum buy and sell orders in the market right now. When this metric has a value greater than 1, it means that the taker buy volume is higher than the taker sell volume. Such a trend implies that the majority of the investors are bullish on the asset currently. On the other hand, values below the threshold naturally imply the dominance of bearish sentiment, as there are currently more sell orders present on exchanges. Now, here is a chart that shows the trend in the 50-day moving average (MA) Ethereum taker buy/sell ratio over the past few years: As you can see in the above graph, the quant has highlighted the pattern that the Ethereum price and the 50-day MA taker buy/sell ratio have possibly followed during the past couple of years. It would appear that whenever the value of the asset has rallied, the taker buy/sell ratio has gone down. This would suggest that the sell orders on the market pile up as the ETH price trends up. The analyst notes that this is naturally because the investors become more cautious as the price continues to rise since they think a correction may be coming soon. The sell orders continue until the cryptocurrency has topped out, and once the decline hits the asset, the buy orders start going up instead. From the chart, it’s visible that significant accumulation periods have generally paved the way for the price to bottom out and begin another rally. The quant has also attached data for another metric: the Coinbase Premium Index. This indicator keeps track of the difference in the Ethereum prices listed on Coinbase and Binance. Whenever this metric has a positive value, it means that the Coinbase platform has BTC listed at a higher price than Binance currently. This implies that buying pressure has been stronger from US-based investors, who usually use the former exchange. Similarly, negative values imply just the opposite. According to the analyst, major fluctuations in the Ethereum price have generally come with strong changes in the Coinbase premium index, a possible sign that activity on the exchange is the driver for these price moves. Currently, the 50-day MA taker buy/sell ratio is at relatively low values and is looking to turn around, although this trend shift towards buy order dominance isn’t confirmed just yet. The Coinbase Premium Index is at neutral values, implying that there hasn’t been any trading activity happening on the platform that’s different from Binance. Given these trends, it’s possible that Ethereum may not see any big moves in the near future. ETH Price At the time of writing, Ethereum is trading around $1,830, up 2% in the last week.

The new lending platform from Bridgecoin Capital is the first of its kind, allowing clients to invest their cryptocurrency in conventional real estate. This groundbreaking strategy is the first tax-efficient way to preserve wealth in the blockchain sector, and it was developed by a team of real estate and crypto experts. This is achieved via the use of tax deferral and portfolio diversification through real estate on income from cryptocurrency trading. Members of the Bridgecoin team have extensive experience in both commercial real estate and the crypto sector. The group has been working on bringing blockchain technology to the commercial real estate industry since 2018. The real estate sector is valued at over $3 trillion, far surpassing the cryptocurrency market of over $500 billion. There were significant capital gains tax consequences for the $163 billion that investors made during the previous crypto bull run. Those with profits in cryptocurrency, whether they be crypto whales, institutional investors, accredited investors, or average traders, lost billions in taxes. Bridgecoin Capital’s team has established a completely regulated procedure through which a client may collateralize their crypto assets into a cash loan while avoiding the transfer capital gains tax, and then invest the funds into interest-flowing real estate projects. With the introduction of this novel model, Bridgecoin Capital is helping investors take advantage of the tax deferral offered by the 1031 exchange, which is widely employed in the real estate market. Moreover, users of the Bridgecoin platform have access to a growing portfolio of over $50M in US properties. Users of the Bridgecoin platform benefit from the tax and interest features as well as the robust and reliable platform, which is positioned as a regulation-focused approach. A collateralized loan ensures that the return is fixed in terms of the USD reimbursed at the conclusion of the lockup period and the APY provided throughout the process, all clients are subjected to Know Your Customer checks, and the lending and lockup structure is straightforward. Bridgecoin has allowed cryptocurrency holders with unrealized capital gains to engage in commercial real estate and reap the tax advantages associated with debt investments. With the introduction of Bridgecoin, cryptocurrency earnings will be invested in a more productive manner than just paying taxes, all while maintaining full transparency and legal compliance.

Shiba Inu (SHIB) has been garnering attention in recent weeks, with its price showing a good recovery after reaching a yearly low in June. This coincides with the excitement around the upcoming launch of Shibarium, a layer-2 blockchain network for the second-largest meme token. It appears that the forthcoming Shibarium launch has propelled SHIB to a significant milestone, as the number of addresses holding the token has hit a new all-time record. Shiba Inu Sets New All-Time High In Addresses Data from IntoTheBlock reveals that the number of SHIB addresses at a given time has reached a new peak of 3.51 million. The previous all-time high was set in May 2022, when the number of addresses stood at 3.23 million. The number of addresses holding the SHIB token has been steadily rising in the past few months, but this rate of adoption notably surged in July. This is reflected in last week’s figure, as the number of addresses holding the token spiked by more than 22%. A steady increase in the number of SHIB addresses suggests a growing interest in the meme token. This can be attributed to a combination of various factors, including the upcoming Shibarium launch, the token’s price performance, and the recent resurgence of DOGE – the poster boy for meme coins. The recent market activity of Shiba Inu whales further amplifies the optimism surrounding the SHIB token. On Wednesday, August 2, NewsBTC reported that the cryptocurrency’s large volume transactions reached approximately 1.13 trillion SHIB. SHIB Price Hovers Around Critical Level – Price Overview The price of the Shiba Inu appears to be slowing down after displaying bullish strength before the end of July. The token rallied nearly 12% between July 28 and July 30 to break above the $0.000008 level. However, this recent momentum appears to be waning, as the token’s price has not made any notable action in the past few days. With a 0.9% price dip in the last 24 hours, the SHIB token continues to trade within the $0.00000831 zone. Investors should keep an eye on the meme coin in the coming week, as a break out of this zone could see it visit the $0.0000087 mark again. Moreover, with the Shibarium mainnet launch roughly 10 days away, a bullish scenario may be on the cards. Related Reading: Shiba Inu Price Prediction: Is Shibarium The Key To A Trend Reversal? According to CoinGecko data, the SHIB token is currently valued at $0.0000082, representing a 4.5% price increase in the past week. With a market cap of roughly $4.86 billion, Shiba Inu ranks as the 15th-largest cryptocurrency in the market.

XRP’s legal win reshapes the market; altcoins surge amid volatile trends. Shiba Inu defies memecoin origins, strengthens utility. The first half of 2023 has been a roller-coaster ride for the cryptocurrency world, with a series of significant events and developments that have left a profound impact on various altcoins. As Bitcoin hit a remarkable $30,000 upmark and the SEC lawsuit took a surprising turn, altcoins experienced unprecedented volatility, with some coins soaring to all-time highs and others solidifying their positions in the market capitalization list. Here are some of the notable market trends of leading Altcoins. Ethereum Ethereum, the leading altcoin by market capitalization, faced its share of challenges during the SEC’s regulatory battles and the influx of new entrants. Despite the bearish sentiment dominating the early months of 2023, Ethereum managed to break through the $2,000 barrier for the first time, signaling a promising bullish rally. July brought a notable surge in Ethereum locked within the ETH 2.0 deposit contract, reaching an impressive peak of 25,937,766 ETH. This milestone followed the successful Shanghai upgrade in April, which facilitated withdrawals from the ETH 2.0 deposit contract. However, Ethereum is currently in a bearish phase, with its price at $1,834.55, reflecting a 1.20% decline. Analyzing the daily price chart reveals a dip below the short-term 50-day simple moving average (50 SMA), emphasizing the prevailing bearish sentiment. The daily Relative Strength Index (RSI) stands at 43, indicating a potential oversold condition, while trading volume has decreased by 21.85%. XRP XRP, a significant player in the crypto arena, secured a major victory by winning the SEC lawsuit and subsequently ascending in market capitalization. The United States District Court for the Southern District of New York ruled in favor of Ripple Labs on July 13, affirming that XRP is not a security, a verdict that had a resounding impact on the broader crypto market. Following the court’s decision, XRP witnessed a price spike from $0.45 to $0.63, showcasing the direct influence of regulatory developments on market dynamics. Despite this triumph, XRP currently finds itself in a bearish phase, with a price of $0.662, reflecting a 4.79% decline. Similar to Ethereum, XRP’s daily price chart reveals a dip below the short-term 50-day SMA, underscoring the ongoing bearish sentiment. The daily RSI sits at 48, suggesting a potential oversold condition, while trading volume has increased by 17.60%. Shiba Inu In the midst of the Q1 2023 memecoin season, Shiba Inu emerged as a prominent player, riding the wave of bullish momentum. Despite the fading bullish sentiment, Shiba continues to stand strong, fueled by consistent updates and anticipation surrounding its upcoming blockchain mainnet launch. Remarkably, Shiba’s utility coins within the Shibarium ecosystem, such as BONE (Bone ShibaSwap), experienced a notable surge of 51.16% over the past week. As of now, Shiba Inu remains in a bullish phase, with a price of $0.0000082, accompanied by a slight decline of 0.99%. Analyzing the daily price chart reveals an uptrend, as Shiba remains above the short-term 50-day SMA. The daily RSI sits at 55, signaling a neutral stance, and trading volume has risen by 17.05%. Litecoin A significant event in 2023 was Litecoin’s halving, a process that slashed the block reward for verifying transactions by 50%. This scarcity-driven event aimed to reduce network inflation and potentially increase the value of the cryptocurrency by producing fewer coins. Surprisingly, the halving event led to a price decline, with Litecoin’s current price at $86, reflecting a decrease of 5.42%. However, trading volume increased by 6.92%, suggesting ongoing interest and activity in the market. Whale Activities and Market Insights Recent reports reveal noteworthy transactions exceeding $10 million across various networks. With altcoins experiencing volatility and shedding market cap value, close attention is warranted to monitor whale activities. Altcoins like AAVE, APE, COMP, IMX, LDO, and MDT are particularly intriguing, as significant movements by whales could potentially indicate shifts in market sentiment and trends. In Conclusion The altcoin market has seen a whirlwind of developments and trends in the first half of 2023. While some altcoins weathered regulatory storms and emerged stronger, others transitioned from memecoin status to emerging utility. As the crypto world continues to evolve, investors and enthusiasts remain vigilant, watching closely for market movements.

In an analysis, Anders Helseth, Vice President at K33 Research, has mounted a strong case against the viability of the Uniswap (UNI) token. His analysis pivots on the intriguing dynamics of the decentralized finance (DeFi) market, fundamentally challenging the current valuation and future potential of UNI. Helseth begins his argument with a seemingly straightforward question: “The Uniswap protocol generates significant trading fees, but will the UNI token ever capture its (fair) share?” His conclusion is emphatically negative. Is The Uniswap (UNI) Token Worthless? For context, UNI is a governance token for the Uniswap protocol, a decentralized exchange that earns a 0.3% fee on trades. However, as Helseth points out, the entire trading fee currently goes to liquidity providers, with UNI holders standing to gain only if governance votes permit fee dividends to UNI holders. Even in a slow DeFi market, the fully diluted value of the UNI token is 15 times the annualized trading fees paid when using the protocol, currently around $6 billion. If the UNI token could capture all trading fees, it would arguably present an irresistible buy. However, Helseth makes a compelling argument to the contrary. “The UNI token currently captures 0% of the 0.3% trading fee, which entirely goes to liquidity providers,” Helseth says, emphasizing the token’s current lack of intrinsic value. The crux of his argument revolves around three players in the DeFi space: the users, the protocol (and hence UNI token), and the liquidity providers. According to Helseth, the interplay between these actors is detrimental to the UNI token’s potential for revenue generation. Helseth explains: The primary concern for users is liquidity and cost-effectiveness. If the same protocol can be replicated at a whim, users would inevitably gravitate towards the version with the most liquidity – to minimize slippage when executing trades. This dynamic significantly empowers liquidity providers who, unlike UNI holders, hold real, valuable tokens. In addition, even though switching to another smart contract may entail some costs, these are relatively low, reinforcing the bargaining power of liquidity providers. Concluding, Helseth states: “Given this relatively low cost of switching from the users’ perspective, we cannot conclude with anything else than that the power lies with the liquidity providers. Hence, even though the Uniswap protocol generates significant trading fees, we believe the potential for the UNI token to capture any of this revenue to be almost non-existent.” At press time, the UNI price stood at $6.19 after being rejected at the 200-day EMA yesterday.

According to data released by the Ukrainian government, cryptocurrency firms offering services in Ukraine have failed to contribute over $81 million in taxes to the country’s budget in the past decade. This comes after the country passed a crypto bill into law in 2022 that amends its tax code to allow the country to generate taxes from cryptocurrency transactions. A Huge Loss In Revenue For Ukraine In a notice released on Wednesday, the Economic Security Bureau of Ukraine stated that unrelated cryptocurrency exchanges were responsible for the loss of approximately 3 billion hryvnia in taxes (roughly $81 million) between 2013 to 2023. The country’s foremost regulator noted that it had evaluated the trading actions of exchanges founded by residents of the country, which had $55 billion in Bitcoin (BTC), Ether (ETH), and Tether (USDT) volume in rough estimates over the same period. Speaking to local media following the announcement, Deputy Director of the Economic Security Bureau Andriy Pashchuk stated that there were different perspectives on “how these transactions should be taxed and (the bureau) will act in accordance with the provisions adopted by the deputies.” He opined that while these issues drag on, the country keeps losing “..tens of millions in taxes every month.” Crypto Tax Losses Follow Passage Of Landmark Bill The recent loss of revenue follows the recent passage of the legislation “On Virtual Assets” by the Ukrainian parliament in 2022. The law was enacted amid the growing adoption of cryptocurrencies as a valid means for conducting transactions. The bill, which was signed into law in March 2022 by Ukrainian President Volodymyr Zelenskyy, sought to create a regulatory framework for cryptocurrency transactions in the country. At the time of passing the bill, the government stated that it was looking to amend the country’s civil and tax codes to accommodate the new legal framework. However, as of August 2023, no such amendments have been executed. Ukraine also brought some minor amendments to the legislation in September 2022 to ensure that the law was in sync with the European Union’s Markets in Crypto Asset (MiCA) regulation. Since then, many crypto users in Ukraine have taken to Telegram to ask whether they would be mandated to provide “backpay” of taxes based on transactions over the last decade. Some noted the government’s failure to properly adopt the regulations despite the passage of the law in 2022. According to one Telegram user with the username Vini2010w, had the government adopted the law, “everything would have been settled a long time ago.” Ukraine has been heavily reliant on cryptocurrency donations amid the ongoing war with Russia. About $225 million in cryptocurrency donations have been pledged in support of the country since 2022 following Russia’s invasion. The vast majority of the donations were made in Ethereum and Bitcoin, the two most popular cryptocurrencies and the largest by market cap.

A sequence of unfortunate developments has struck BALD meme coin enthusiasts, as the once-shining (no pun intended) digital asset has experienced a jaw-dropping 96% decline in trading volume. The root cause of this worrying situation stems from the withdrawal of more than 6,000 Ether in liquidity from the meme coin’s smart contracts, an action that has cast a foreboding cloud over the asset’s prospects. Removing such a substantial amount of liquidity had an immediate and profound impact, triggering an abrupt and steep decline in BALD’s price. Currently, the price of BALD stands at $0.01101692, according to CoinGecko data. Within the past 24 hours, BALD has experienced a significant price decline of 57.31%. Explosive Rise And Suspicion Surrounding BALD Coin BALD coin underwent an unprecedented surge in value within a single day immediately after its launch. However, this meteoric rise was soon followed by a sequence of perplexing actions that cast a shadow of doubt over the project’s legitimacy. The vigilant eyes of the Onchain Intrigue Telegram Channel turned towards BALD’s wallet activities (see image below) after a sudden withdrawal of liquidity. This subsequent investigation brought to light a set of alarming indications commonly associated with a phenomenon known as a “rug pull.” In the intricate world of cryptocurrencies, a rug pull constitutes a type of scam in which the creators or promoters of a token vanish after attracting investment, leaving participants high and dry with their funds pilfered. Rug pulls have earned a notorious reputation in cryptocurrency, particularly in decentralized finance (DeFi). These incidents transpire when developers execute an elaborate ruse, projecting an image of authenticity around their project, only to swiftly abscond after removing the liquidity, leaving investors in the lurch. Darkening Clouds Of Skepticism Compounding the unease, recent speculation has arisen linking BALD coin to Alameda, a prominent quantitative cryptocurrency trading firm. While these connections are yet to be substantiated, the mere existence of such ties threatens to deepen the ongoing crisis surrounding BALD. This potential association also raises pertinent questions about the community’s trust in analogous projects, further amplifying the sense of uncertainty that shrouds the cryptocurrency landscape. Related Reading: Binance Coin (BNB) Price Gears Up For A 10% Upswing – Here’s How Meanwhile, after the troubles that hit BALD, there’s a new start in sight. A new BALD token has been introduced; this time, it’s designed with locked liquidity. This move is meant to bring back hope and trust to the project. It shows that the people behind BALD are determined to make things right and regain the confidence of those who believed in them. (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 Yahoo Finance

The FTX Dubai didn’t file for bankruptcy in the United Arab Emirates. Removing the Dubai unit from legal proceedings is necessary to protect the debtors. FTX, the bankrupt crypto exchange, has recently reached an agreement on principle with Genesis to resolve the claims made by both firms in an ongoing lawsuit over Chapter 11 cases. In the latest development, the crypto exchange wants to remove its Dubai unit from the legal proceedings, according to court filings on Tuesday. According to the report, the crypto exchange FTX filed for bankruptcy in the United States last November. Moreover, the chief executive, Sam Bankman-Fried, stepped down after the liquidity crisis. And then, it started Chapter 11 cases for 102 associated entities from around the world. FTX Dubai Unit Didn’t File for Bankruptcy The FTX Dubai was set up in February 2022 and is owned by the exchange’s European arm. It was also one of the units that included legal proceedings. However, the bankrupt exchange argued that the Dubai unit didn’t file for bankruptcy in the United Arab Emirates. So there is no way to include it and rehabilitate its operations. Moreover, FTX wants to remove FTX Dubai from the filings. Adding to that, the filing stated that FTX Dubai is a balance sheet solvent, which means it provides a summary of all assets and liabilities held. Moreover, the debtors believe that the solvent voluntary liquidation procedure is in line with UAE laws. It also provides a timely positive cash balance after every outstanding liability and the liquidation of all assets. The crypto exchange argues that if any court includes FTX Dubai in the proceedings, it should be removed. Moreover, the decision is necessary to protect the debtors and authorize them. The hearing is scheduled for August 23, 2023.

LTC crypto payments increased by 34% on BitPay records. Litecoin Halving impacted LTC price with a 5.77% drop in the last 24H. After the last halving event on Aug 5, 2019, Litcoin Halving happened yesterday (Aug 2, 2023) as per the schedule. The expectation of the halving event kept predominantly to impact the price with a surge yet the result ended up with a drop of 6% in approximation. However, a total number of 2,520,000 blocks has been mined for the third Litecoin Halving resulting in a reduced block reward of about 6.25 LTC. Over the past week, Litecoin (LTC) dropped by 5.70% even after halving occurred. Currently, the LTC is trading at $86.15 with a fall of 5.77% in the last 24 hours. Litecoin (LTC) 24H Price Chart (Source: CoinMarketCap) On the contrary, CoinMarketCap, the analysis platform records the trading volume of Litecoin with a surge of 15.35% worth $862,766,359 during the time of writing. This shows that investors and traders are rushing to trade LTC as the price drop. On the other hand, LTC transactions are beating the race of crypto payments with the second rank on BitPay, the leading crypto payment service provider. Is LTC Ahead of BTC on BitPay? As per the statistics shared by Litecoin on Twitter, it seems bullish over the transactions and the crypto payments happening on BitPay. Compared to the previous month, there is a plunge of 34% in LTC transactions on BitPay. Consumers and users have been utilizing crypto payments for a long while. Currently, Bitcoin (BTC) tops amongst the other crypto payments with 36.47% in the month of July on BitPay. With respect to the graph of the last 5 months shared by the Litecoin Team on Twitter, it is noted that BTC has always topped and LTC stayed next to it on BitPay. Moreover, the payment scale has decreased overall for BTC. Meanwhile, Litecoin gains popularity among the crypto community as the trading kept increasing day by day. Also, the hashtag #PayWithLITECOIN is initiated by the LTC team for crypto payments through BitPay. Highlighted Crypto News Today: Litecoin Halving Finally Completed; Surprisingly Price Drops 6%

The gaming and entertainment company WAGMI Games has announced key recruits that will guide its effort to revolutionize web3 entertainment. The mobile-first gaming business has onboarded a handful of notable individuals with backgrounds in top international gaming studios. In order to hire elite people who can excel in a web3 context, WAGMI Games has looked to established gaming firms. Esteban Gil, who oversaw the top-grossing mobile game Garena Free Fire and worked as LPM (Lean Portfolio Management) at Respawn and Apex Legends, is one of the most notable of them. Esteban has taken on a similar position at WAGMI, where he will be in charge of developing business strategies with an emphasis on consumer-oriented products. Additionally, Brent Pease, a former director of operations at Electronic Arts, has been appointed by WAGMI Games. At WAGMI, the prominent executive has taken on a dual job as COO and GM, managing operations with a focus on executing crucial growth plans. Brent, who founded Industrial Toys before taking on a senior position at Electronic Arts, which purchased his firm, is a well-known personality in the gaming industry. With just 3% of the 3 billion gamers that regularly engage in gaming, WAGMI Games is working to increase the popularity of web3 games. The WAGMI team is sure that it can develop extremely engaging games that are suited for the general market by lowering participation barriers like onboarding friction and crypto wallet needs. In order to overcome these difficulties, WAGMI Games has put together a talented group of experts with a track record of creating and releasing successful blockbuster video game franchises. With this skilled group of founders, senior executives, and producers, it will be possible to perfect every potential touchpoint and create a gaming experience that fully exploits web3. In order to fulfill its goal of developing popular web3 games with viral appeal and endurance, WAGMI Games has carefully chosen great people for every position, from production and management to game balance and marketing. The fact that WAGMI was able to persuade Esteban Gil and Brent Pease to join its team is evidence of the company’s vision and support for web3 gaming. They will be essential in WAGMI’s efforts to expand the company’s market for mobile gaming. While Esteban is directing a thorough overhaul of the company’s game economy and methodically planning current operations and future expansions, Brent’s broad expertise and a wide network of connections will be crucial in fostering WAGMI Games’ development.

DALLAS–(BUSINESS WIRE)–Monetate, the leading personalization platform for delivering better customer experiences, today announced results and key accomplishments for Q2 2023. Responding to the needs of the industry, the second quarter of 2023 focused on enhancements to the company’s AI-powered product recommendations, including improved UI and reporting capabilities. “Prospect and client feedback are big drivers of innovation at Monetate, and with these key improvements, we are further differentiating our personalized merchandising offerings to help organizations move more inventory at scale,” stated Brian Wilson, CEO of Monetate. Monetate’s Global Recommendations Reporting enhancements include two additional reports to better break down and understand how various experiences and recommended products are performing at the account level for increased visibility across large and enterprise organizations. Another release, allows brands to deliver customer-relevant product recommendations in order confirmation and shipment confirmation emails to help drive upsell and cross-sell opportunities during key junctures of the post-purchase journey. These enhancements come on the heels of original research from Monetate’s eCommerce benchmarks showing that emails sent by Monetate clients that also included product recommendations saw an increase of 45.6% in purchases when compared to this period in 2022. Furthermore, in Q2 2023, email proved to be a solid performer with a 2.6% increase in total purchases and a 2.9% increase in conversion, compared to Q2 of 2022. Data from this same period also showed a 12.3% increase in total purchases from desktop compared to Q2 2022. These trends indicate that when leveraged correctly, and across the right digital channels, personalized merchandising and marketing yield valuable gains for businesses. Monetate Product Recommendations incorporate robust product discovery capabilities and algorithms familiar to marketers and merchandisers from the legacy Certona platform. “It’s an exciting time at Monetate, and for our clients as we hit the mid-year mark and head into the fall, we’re ready to help them continue to drive real-time personalization and cross-channel optimization,” added Wilson. ABOUT MONETATE Monetate is shaping the future of digital customer experiences. Powered by patented machine learning, Monetate empowers organizations to use relevant data to make the most intelligent and personalized decisions across touchpoints. Capabilities such as testing and experimentation, recommendations, and automated 1-to-1 experiences give brands the ability to deliver the right experience at the right time to their customers. Monetate has incorporated powerful capabilities from Certona to provide the most comprehensive personalization solution, all within a single platform. Founded in 2008, with a presence in the U.S. and Europe, Monetate is trusted by leading organizations around the world and influences billions of dollars in revenue every year for top companies such as Reebok, Office Depot, and Lufthansa Group. Learn more at www.monetate.com. Contacts Alison Guzzio [email protected] 484-459-3243

In a cryptic move that has the XRP army speculating, Europe’s leading cryptocurrency exchange, Bitstamp, has teased a significant announcement related to the token. The Luxembourg-based exchange made this known via a tweet that simply read, “tomorrow,” accompanied by the XRP-themed hashtags #XRP, #XRPL and #XRPLedger and a suggestive video. The video, a brief animation showing an XRP rocket ascending, indicates that the forthcoming announcement could potentially result in significant news for the XRP Ledger, eventually boosting the price. However, Bitstamp stopped short of offering any explicit hints about what this announcement might entail, leaving the community buzzing with anticipation. What Might Be Bitstamp’s Announcement? XRP’s followers were quick to respond, sharing their theories on what Bitstamp’s forthcoming announcement might involve. Panos, the founder of Digital Generation Finance, expressed his belief that Bitstamp could be set to announce a full integration with the XRP Ledger (XRPL). “The announcement could reveal that DEX has been connected to Bitstamp’s order book, focusing on fiat ramps for payments,” Panos conjectured. This notion was seconded by prominent XRP community member @XRPcryptowolf, who also postulated that Bitstamp could be planning an XRPL integration. Meanwhile, another XRP fan named @wEeZiE posited that Bitstamp’s announcement might have something to do with Ripple’s recent minority stake acquisition in the exchange. Back in May, Ripple acquired a stake in Bitstamp in a bid to expand its international operations and diversify its offerings beyond payments. A transcript of the Galaxy shareholder conference revealed at the time that Ripple had acquired the shares from Pantera Capital, another crypto investment firm based in the US. Pantera was one of Bitstamp’s largest shareholders until 2018, when the exchange was acquired by Belgian investment firm NXMH. However, it is unclear how much Ripple paid for the acquisition or how the deal was structured. “wEeZiE” stated, “Recall Ripple president Monica Long’s comment about Ripple’s recent stake acquisition in Bitstamp. She mentioned that the move would strengthen Ripple’s international presence and diversify its offerings beyond payments. Perhaps Bitstamp’s tease pertains to this?” Remarkably, Bitstamp has been a major Ripple gateway for years, granting clients access to RippleNet and serving as a key partner for Ripple’s On-Demand Liquidity (ODL). XRP Investors Don’t Buy The News At press time, the market has not reacted to the announcement of the announcement. On the contrary, XRP has lost key support at $0.6760 and marked a new 3-week low following the summary judgment in the US Securities and Exchange Commission (SEC) case. For now, the price has found support at the 200 EMA (Exponential Moving Average) at $0.6543. If this support breaks as well, a plunge towards $0.60 could be on the cards. On a bullish note, if Bitstamp’s announcement tomorrow can excite XRP investors, the $0.6760 level would be the first resistance. In case of a breakout, a spike up to $0.7249 is likely.

Kaspa (KAS) recorded a new all-time high of $0.04844. KAS solidified its position as one of the top-performing coins in July. Technical analysis suggests that Kaspa (KAS) is in a bullish state. Kaspa (KAS) cryptocurrency has caught the attention of the crypto community with its significant performance, even in the midst of a bear market. Today, Kaspa (KAS) reached a new all-time high of $0.04844, solidifying its position as one of the best-performing coins in the month of August. In addition, Kaspa (KAS) maintains a consecutive four-day uptrend and has defied market odds. At the time of writing, Kaspa (KAS) trading price was $0.04646, showing a 9% increase over the past 24 hours. Also, the cryptocurrency has soared by 93% in the trailing 30-day period, leaving investors and enthusiasts intrigued by its bullish run. However, Kaspa (KAS) declines by 5% from its new all-time high. Still, the cryptocurrency continues to be an enigmatic presence in the crypto market and has earned a spot on the list of top gainers. Its steady rise and strong momentum have garnered widespread attention among traders and investors alike. Kaspa (KAS) Market Status The current price of Kaspa (KAS) indicates positive momentum as it surpasses the 50-day moving average (MA) cross. A sign of a potential upward trend in the market. Further, the Relative strength index (RSI) stands in an overbought state, suggesting that bulls currently have a slight edge in the market. Kaspa (KAS) Price Chart (Source: Tradingview) On the other hand, the 50-day moving average crossing above the 200-day moving average presents a buy signal, which could attract further interest from investors. In summary, Kaspa (KAS) is showing signs of continuing bullish sentiment in the market. In a bid to further solidify its position in the market, KAS recently initiated a crowdfunding campaign. Aimed at securing a Tier-1 Exchange listing for the KAS token. The campaign closed on August 2, 2023 and had a target of raising $30,000 through contributions in USDT and KAS. The funds raised from this successful crowdfund will be used to cover the listing fees that the centralized exchange (CEX) may impose for listing the KAS token. Additionally, the allocated funds will be used at the discretion of the CEX. To conduct a comprehensive and strategic advertising campaign to promote the token. Highlighted News Today XDC Hits One-Year High, Surges 300% in the Bear Market

One of Coingecko’s top five cryptocurrency exchanges, Bybit, is excited to announce that its peer-to-peer (P2P) trading service is now available for customers to purchase cryptocurrency on-chain. With the P2P improvement, customers may presently buy USDT with more than 62 different fiat currencies while receiving cryptocurrency on the Ethereum and BNB blockchains. Users may instantly receive USDT in their secure Bybit Wallet. Also, more cryptocurrencies will be added in the near future. Taking into account variables like the nation/region, selected payment method, desired currencies, and suitable suppliers, Bybit intelligently presents the best deals. As part of its mission to become the world’s Crypto Ark, Bybit connects cryptocurrency buyers and sellers. Additionally, Bybit Web3’s P2P capability offers secure peer-to-peer transactions by using an escrow mechanism to guarantee that each trade is carried out easily and transparently. Bybit is well known for its dedication to providing aggressive rates, minimal fees, and consistent conversion rates. Users may anticipate affordable pricing and the opportunity to choose from a variety of payment choices with this new feature.

Dogecoin (DOGE) has recently captured attention due to its price’s downward trajectory. While the current decline in DOGE’s price might raise concerns, astute traders are discerning a potential opportunity amidst the turmoil. As reported by CoinGecko, the DOGE price stands at $0.074288, reflecting a 3.6% drop in the past 24 hours and a 5.2% decline over the past seven days. These figures emphasize the coin’s recent volatility and the challenges that DOGE holders and traders face. However, beneath the surface of these numbers lies an intriguing pattern that might hold the key to future price action. Dogecoin Potential For Bullish Continuation Despite the recent price woes, technical analysis unveils a fascinating pattern on DOGE’s four-hour time frame chart – the bullish flag pattern. This pattern, often observed as a continuation signal, consists of a sharp downward slide resembling a flagpole and a consolidation phase marked by parallel trendlines. In DOGE’s case, this pattern is at play, suggesting that the ongoing price decline is a precursor to a bullish resurgence. According to a recent report, the battle between support and resistance levels is evident. DOGE’s price movements within the channel structure reflect this struggle vividly. The support trendline has demonstrated its strength with three discernible bounces, underscoring its importance as a potential rebound point. Conversely, the overhead resistance has twice thwarted upward price movements, showcasing its influence over trader decisions. These dynamics highlight these levels’ pivotal role in determining potential trend shifts. Historically, flag patterns indicate a temporary pause following a notable price movement, often paving the way for continuing the prior trend. If DOGE’s buyers successfully breach the resistance barrier, an estimated 8% price surge could enable the coin to break through the psychological barrier at $0.085. Divergent Perspectives Amid the optimism surrounding the flag pattern, caution is unveiled in a separate report. The report’s viewpoint suggests a bearish outlook for DOGE, grounded in the coin’s struggles to overcome the resistance of a falling wedge pattern. DOGE might experience a retracement in a more pessimistic scenario, descending to the wedge’s diagonal support at around $0.055. This divergence in opinions underscores the inherent unpredictability of the cryptocurrency landscape. While the downward trajectory of DOGE’s price might trigger concern, it also beckons an opportunity for those who analyze its underlying patterns. The emergence of the flag pattern amidst the price decline hints at the potential for a bullish continuation. Yet, analysts’ differing perspectives serve as a reminder of the intricate nature of cryptocurrency markets. (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 Reddit