BlockFi Creditors Encouraged to Vote in Favor of BlockFi’s Chapter 11 Plan by September 11, 2023 Plan Maximizes Recovery for Clients and Provides for the Quickest Possible Distributions to Clients The Official Committee of Unsecured Creditors Supports the Plan JERSEY CITY, N.J.–(BUSINESS WIRE)–BlockFi Inc. and certain of its affiliates (“BlockFi” or “the Company”) today announce that its Disclosure Statement was conditionally approved by the United States Bankruptcy Court for the District of New Jersey (“the Court”) on August 2, 2023. BlockFi’s Chapter 11 Plan (“Plan”) maximizes recovery for clients and provides for the quickest possible distributions to clients. Both BlockFi and the Official Committee of Unsecured Creditors (the “Committee”) recommend that all parties entitled to vote should vote to accept the Plan by the September 11, 2023, voting deadline. The Plan will bring these chapter 11 cases to a fair and value‑maximizing conclusion that will return client funds as quickly as possible. “BlockFi’s mission through this process has been to maximize recoveries for our creditors, and conditional approval of our Disclosure Statement moves us one step closer to accomplishing that goal,” said Mark Renzi of Berkeley Research Group, BlockFi’s Chief Restructuring Officer. “We are confident that our Plan provides the best path to expeditiously return crypto back to our clients and we strongly urge BlockFi’s clients to vote to accept it.” BlockFi is working diligently to return digital assets held in BlockFi Wallet Accounts (“Wallet”) to clients. Now, through the Company’s Plan, BlockFi intends to safely and securely return non-Wallet assets to creditors, followed by a wind down of the Company’s affairs. The Plan offers releases to clients who do not opt out of a voluntary third-party release (“Third-Party Release”) from all claims and causes of action BlockFi may have against them, except those clients whose withdrawals from BlockFi Interest Accounts (“BIA”) or BlockFi Private Client Accounts (“BPC”) on and after November 2, 2022, are greater than $250,000. Under the Plan, BlockFi would not clawback amounts under $250,000 that clients properly transferred from BIA or BPC to Wallet and/or withdrew from Wallet before the Platform Pause on November 10, 2022. Clients with claims under $3,000, or clients electing to reduce their claim to $3,000, will be included in a Convenience Claim Class and will receive a one-time cash distribution from the BlockFi Estate. Creditors in the Convenience Class will receive a one-time distribution of 50% of their claim in cash. If the Plan is confirmed, the Company will focus its efforts on pursuing claims and causes of action in the litigation against Alameda, FTX, 3AC, Emergent, Marex, and Core Scientific to maximize recoveries for clients, and defending against claims by third parties, which threaten to massively dilute clients. Success or failure in these matters will make a positive or negative difference to client recoveries of over $1 billion, which is an order of magnitude larger than any other issue facing BlockFi and its clients. All of BlockFi’s creditors will receive a Solicitation Package from the Company’s claims, noticing, and solicitation agent, Kroll. BlockFi’s eligible creditors have the opportunity to vote in favor of the Plan and will receive BlockFi’s Disclosure Statement and Plan, detailed voting instructions, and additional important information. BlockFi’s creditors who are not eligible to vote on the Plan will receive, in place of voting instructions, information explaining their non-voting status. In order for a vote to be counted, it must be actually received by Kroll on or before September 11, 2023, at 4:00 p.m. prevailing Eastern Time. BlockFi encourages all clients⁠—including clients who are not eligible to vote⁠—to read the Disclosure Statement and other materials in their Solicitation Packages in full to learn more about the Plan and seek legal counsel where necessary. With questions or for additional information about the Plan or how to vote, creditors can visit the Kroll website at https://restructuring.ra.kroll.com/blockfi. Creditors can also contact Kroll by email at [email protected]. Capitalized terms used that are not otherwise defined herein shall have the meanings given to them in the Plan and Disclosure Statement. Advisors Haynes and Boone LLP, Kirkland & Ellis LLP, and Cole Schotz P.C. are serving as legal counsel, Moelis & Company is serving as investment banker, and Berkeley Research Group is serving as financial advisor to the Company. C Street Advisory Group, LLC is serving as strategy and communications advisor to the Company. Joel Edwards of EY Bermuda Ltd and Eleanor Fisher of EY Cayman Ltd are serving as Joint Provisional Liquidators of BlockFi International Ltd (a Bermuda-incorporated entity). Contacts Media Inquiries C Street Advisory Group [email protected]

KuCoin, one of the world’s largest cryptocurrency exchanges, has temporarily halted its KuCoin Pool service, effective August 15, 2023, until further notice. The move is part of KuCoin’s business strategy and aims to ensure the security and integrity of users’ assets. KuCoin Urges Users To Backup Mining Records During the suspension, users will retain complete access and control over their assets, and all other KuCoin offerings will remain operational as usual. However, users who are involved in cryptocurrency mining are advised to transition their Bitcoin (BTC) and Litecoin (LTC) miners to alternative mining pools before the deadline to ensure uninterrupted earnings. KuCoin has also advised users to back up and preserve their mining records and associated data before August 27, 2023, as failure to migrate to alternative mining pools within the specified timeline could affect their mining revenue. Nevertheless, KuCoin Pool will not be held accountable for any potential earnings lapses resulting from users’ failure to migrate to alternative pools. The temporary suspension of KuCoin’s mining pools may cause some disruption in the crypto market, as mining plays an important role in the ecosystem. Despite this, it is worth noting that KuCoin is just one exchange, and its suspension may not have a significant impact on the overall market. KuCoin has assured its users that the suspension is temporary, and the company is working on a new strategy for its mining pool service. The company has also emphasized that the security and integrity of users’ assets remain its top priority, and it will take all necessary steps to ensure the safety of users’ funds. Litecoin Halving Triggers Price Drop Litecoin, one of the oldest and most popular cryptocurrencies, has completed its third block reward halving at a block height of 2,520,000, as reported by Colin Wu. The halving event has cut the mining reward in half, from 12.5 LTC to 6.25 LTC, as part of the cryptocurrency’s deflationary monetary policy. The halving is a regular event that occurs approximately every four years and is designed to control the rate at which new coins are minted. By reducing the reward for mining new blocks, the halving helps to prevent inflation and maintain the scarcity of the cryptocurrency. The current price of Litecoin is $89.12, which represents a 3.8% decline over the past 24 hours and a 10% decline over the past six months. The price drop may be related to market uncertainty surrounding the halving event, as well as broader market conditions. Despite the short-term price decline, many analysts remain optimistic about the long-term prospects for Litecoin and the cryptocurrency market as a whole. The halving event is seen as a positive development that highlights the ongoing maturation of the industry and the growing recognition of cryptocurrencies as a legitimate asset class. Litecoin has a strong community and a dedicated development team, which continue to work on improving the technology and expanding the use cases for the cryptocurrency. The halving event is expected to further strengthen Litecoin’s position as a leading cryptocurrency and contribute to its long-term growth and success. Overall, the completion of Litecoin’s third block reward halving is a significant milestone for the cryptocurrency and the broader industry. While short-term price volatility is to be expected, the long-term outlook for Litecoin and cryptocurrencies, in general, remains positive, with many experts predicting continued growth and adoption in the years to come. Featured image from Unsplash, chart from TradingView.com

Bullish CRV price prediction for 2023 is $0.788 to $1.069. Curve DAO (CRV) price might reach $2 soon. Bearish CRV price prediction for 2023 is $0.404. In this Curve DAO (CRV) price prediction 2023, 2024-2030, we will analyze the price patterns of CRV by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Curve Dao (CRV) Current Market Status What is Curve Dao (CRV)? Curve Dao (CRV) 24H Technicals CURVE DAO (CRV) PRICE PREDICTION 2023 Curve Dao (CRV) Support and Resistance Levels Curve Dao (CRV) Price Prediction 2023 — RVOL, MA, and RSI Curve Dao (CRV) Price Prediction 2023 — ADX, RVI Comparison of CRV with BTC, ETH CURVE DAO (CRV) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Curve DAO Token (CRV) Current Market Status Current Price $0.5858 24 – Hour Price Change 1.60% Down 24 – Hour Trading Volume $273,238,343 Market Cap $515,902,356 Circulating Supply 880,450,951 CRV All – Time High $60.50 (On Aug 14, 2020) All – Time Low $0.3316 (On Oct 25, 2020) CRV Current Market Status (Source: CoinMarketCap) What is Curve DAO (CRV) TICKER CRV BLOCKCHAIN Ethereum CATEGORY Ethereum based token LAUNCHED ON August 2020 UTILITIES Governance, Fast Transactions, gas fees & rewards Curve DAO is a decentralized exchange (DEX) for stablecoins that utilizes an automated market maker (AMM) to manage liquidity. AMMs provide a different model of trading in which assets can be exchanged without any permission and in an automated manner. Curve DAO DAO token CRV is used to incentivize liquidity providers, similarly, holders can also take benefit from CRV by participating in network governance. Curve DAO 24H Technicals (Source: TradingView) Curve DAO (CRV) Price Prediction 2023 Curve DAO (CRV) ranks 73rd on CoinMarketCap in terms of its market capitalization. The overview of the Curve DAO price prediction for 2023 is explained below with a daily time frame. CRV/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Curve DAO (CRV) laid out a Horizontal Channel Pattern, Horizontal channel also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Curve DAO (CRV) was recorded at $0.5858. If the pattern trend continues, then the price of CRV might reach the resistance levels of $0.895, $1.519, and $4.520. If the trend reverses, then the price of CRV may fall to the support of $0.541. Curve DAO (CRV) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Curve DAO (CRV) in 2023. CRV/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Curve DAO (CRV) for 2023. Resistance Level 1 $0.788 Resistance Level 2 $1.069 Support Level 1 $0.558 Support Level 2 $0.404 CRV Resistance & Support Levels Curve DAO (CRV) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (CRV) are shown in the chart below. CRV/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Curve DAO (CRV) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.722Price = $0.596 (50MA> Price) Bearish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 32.22 <30 = Oversold 50-70 = Neutral>70 = Overbought Nearly Oversold State Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Curve DAO (CRV) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Curve DAO (CRV) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). CRV/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Curve DAO (CRV). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 24.339 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 32.56 <50 = Low >50 = High Low volatility Comparison of CRV with BTC, ETH Let us now compare the price movements of Curve DAO (CRV) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs CRV Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of CRV is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of CRV also increases or decreases respectively. Curve DAO (CRV) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Curve DAO (CRV) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Curve DAO (CRV) Price Prediction 2024 $2.8 $0.6 Curve DAO (CRV) Price Prediction 2025 $3.4 $0.9 Curve DAO (CRV) Price Prediction 2026 $4.1 $1 Curve DAO (CRV) Price Prediction 2027 $5 $1.2 Curve DAO (CRV) Price Prediction 2028 $5.7 $1.5 Curve DAO (CRV) Price Prediction 2029 $6.9 $1.6 Curve DAO (CRV) Price Prediction 2030 $7.5 $1.9 Conclusion If Curve DAO (CRV) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Curve DAO (CRV) price prediction for 2023 is $1.069. Comparatively, if unfavorable sentiment is triggered, the bearish Curve DAO (CRV) price prediction for 2023 is $0.404. If the market momentum and investors’ sentiment positively elevates, then Curve DAO (CRV) might hit $2. Furthermore, with future upgrades and advancements in the Curve DAO ecosystem, CRV might surpass its current all-time high (ATH) of $60.50. and mark its new ATH. FAQ 1. What is Curve DAO (CRV)? Curve DAO is a decentralized exchange (DEX) for stablecoins that utilizes an automated market maker (AMM) to manage liquidity. 2. Where can you purchase Curve DAO (CRV)? Curve DAO (CRV) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, KuCoin, Bitfinex and OKX. 3. Will Curve DAO (CRV) reach a new ATH soon? With the ongoing developments and upgrades within the Curve DAO Platform, CRV has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Curve DAO (CRV)? On Aug 14, 2020, Curve DAO (CRV) reached its new all-time high (ATH) of $60.50. 5. What is the lowest price of Curve DAO (CRV)? According to CoinMarketCap, CRV hit its all-time low (ATL) of $0.3316, On Oct 25, 2020. 6. Will Curve DAO (CRV) reach $2? If Curve DAO (CRV) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon. 7. What will be Curve DAO (CRV) price by 2024? Curve DAO (CRV) price is expected to reach $2.8 by 2024. 8. What will be Curve DAO (CRV) price by 2025? Curve DAO (CRV) price is expected to reach $3.4 by 2025. 9. What will be Curve DAO (CRV) price by 2026? Curve DAO (CRV) price is expected to reach $4.1 by 2026. 10. What will be Curve DAO (CRV) price by 2027? Curve DAO (CRV) price is expected to reach $5 by 2027. Top Crypto Predictions Dogecoin (DOGE) Price Prediction 2023 Bitcoin Cash (BCH) Price Prediction 2023 Solana (SOL) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Following a slight improvement in the broader cryptocurrency market, Optimism (OP) has posted positive gains today, August 2. The token is now over 10% higher than seven days ago. Optimism’s gain has placed it among the top-gaining coins today, with a nearly 3% gain in the last 24 hours. Optimism Price Action as Bulls Struggle to Prevail According to CoinMarketCap data, Optimism peaked at $1.6712 on Wednesday morning, an over 5% increase from its past-day price. However, due to the intense struggle between the buyers and sellers, OP has receded from the day peak and is now traded at $1.63, with a 3.08% price increase. Related Reading: Shiba Inu Price Prediction: Is Shibarium The Key To A Trend Reversal? Optimism maintained a fairly bullish momentum from July 13 to August 2, reflected in its over 22% 30-day price increase. While the uncertainty about its next price action remains high, speculations suggest the following developments might influence the OP’s market outlook in the coming days. Optimism Could Face Backlash Due To The Recent BASE Exploit Coinbase’s newly launched BASE network built on the Optimism Stack reportedly witnessed a backdoor contract exploit, leading to the loss of 597 Ether worth approximately $1 million. According to on-chain investigations, the exploiters infiltrated a BASE Chain’s backdoor contract, continuously minted tokens, and sold them for profit. Data shows that the perpetrator address already minted 40 different tokens, generating approximately 597 Ether in profit, which has been moved out. Speculations are that the exploit might impact all protocols linked to it, including the Optimism network, since BASE anchors the OP Stack. Also, the BASE hype attracted several new crypto addresses to the Optimism network. The recent hack may depress investor sentiment, potentially impacting OP’s price. The number of active addresses on the Optimism network grew significantly over the last few months after BASE’s launch in late February. However, this growth could be stalled due to the unfortunate event on the BASE network. OP Price Outlook; Will the Bulls Sustain the Rally? The OP/USD daily chart demonstrates OP’s bullish momentum as the bulls fight to secure higher market positions for the coin. OP has surpassed its two critical support levels, and the bulls show no sign of stopping, evident in the short green candlesticks formed above the $1.631 support level. The Moving Average Convergence/Divergence is above the signal line with green histogram bars that reflect the asset’s bullish momentum. In addition, the RSI has crossed the overbought region and now sits at 75, demonstrating increased buying pressure on OP. However, a bearish trend reversal is possible since the buyers have reached saturation and may recede due to a decline in momentum. As of the time of writing, OP trades at $1.63. But the next few hours are critical as the price could decline to $1.61 if the bears reclaim control.

The latest sign of crypto going mainstream among traditional investors is the race heating up to launch the first exchange-traded fund (ETF) tied to Ethereum futures. In recent weeks, six companies have filed proposals with the Securities and Exchange Commission (SEC) to launch Ethereum futures ETFs. The Race To Launch An Ethereum Futures ETF Cryptocurrency ETFs track the price of the digital currencies they are tied to and they are not a new thing in the crypto industry. Bitcoin futures have gained popularity in recent years and are already being offered by popular investment companies. However, with bitcoin futures ETFs now established, it is only natural for the next hot product to be an Ethereum futures ETF. So far, more than 10 Ethereum futures ETFs have been filed in the past, but none have been approved by the SEC. Volatility Shares Ether Strategy ETF was the first to be filed on July 28. Since then, Bitwise Ethereum Strategy ETF, Roundhill Ether Strategy ETF, VanEck’s Ethereum Strategy ETF, and Proshares Short Ether Strategy ETF have been filed and are awaiting clearance, as reported by Bloomberg Intelligence. Now, Grayscale Investments is also looking to join the pack with its new Ethereum Futures ETF filing. After withdrawing its filing earlier due to SEC concerns, the digital currency asset management company is now back with a better application. Bitwise, another crypto index fund manager, also withdrew its previous filing at the same time. According to the filing, the majority of the Grayscale Investments fund’s assets would be placed in Ether futures contracts with “front-month” maturities, which have “the shortest time to maturity.” The company also intends to diversify into other Ethereum contracts in the coming future. Why Ethereum Futures ETFs Are Gaining Traction The buzz around crypto ETFs was recently ignited by the news of BlackRock and other investment companies filing applications with the SEC for Spot Bitcoin ETFs. However, the SEC is still yet to give the go-ahead, citing failure to meet anti-fraud and investor protection standards in past applications. Analysts report that BlackRock’s Bitcoin ETF could unlock $30 trillion worth of wealth. Of course, there’s no guarantee if or when they may get the green light. For crypto investors and the industry, an Ethereum futures ETF would no doubt be a game changer. If approved, Ethereum futures would become available to investors 75 days after the application date. It would provide an easy, low-cost way for investors of these investment companies to gain exposure to the second-largest cryptocurrency by market cap. As for ETH’s spot price, it has been struggling to break above $2,000 this year. At the time of writing, ETH is trading at $1,843.96. But if the filings are approved by the SEC, it may signal the beginning of the next Ethereum bull run.

Binance’s utility coin BNB has posted significant gains, surprising investors as the broader crypto market slumps. Bitcoin and Ethereum, including most altcoins, have gone on recess while BNB surges amid rapid expansion plans on the Binance ecosystem. BNB’s spike on Tuesday, August 1, hinged on Binance’s announcement about the asset’s debut in the Japanese market through its newly launched subsidiary, Binance Japan. BNB jumped dramatically from $236.8555 to $246.0655, a nearly 4% increase, immediately after the news circulated the market. BNB Price Bullish Amid Japanese Debut It is noteworthy that BNB is launching on Binance Japan for the first time since the history of Binance. Moreover, Binance Japan is the only Japanese exchange offering the token on its platform. Therefore, venturing into a new market is like achieving a major milestone for BNB and could guarantee a wider user base and increased daily transactions for the token. Alongside the announcement for the launch of Binance Japan, Binance is offering spot and leverage crypto trading on 34 cryptocurrencies. This vast list potentially entails more transactions on Binance, leading to more BNB spending as the platform’s utility token. Related Reading: Sell The News? Litecoin Traders Capitulate Ahead Of Today’s Halving But surprisingly, the price increase is not reflected in BNB’s trading volume, down over 47% in a 24-hour period. CoinMarketCap data shows BNB recorded over $1 billion in trading volume toward the close of Monday’s trading session. The token saw an over 253% surge in trading volume on July 31, which didn’t reflect its nearly 1% price decline during the same period. After the sudden surge in trading activity and price, BNB’s movement has stalled as 24-hour trading volume stands at $734 million, with a 0.6% price increase in the last 24 hours. As of the time of writing, BNB trades at $242.9, inching closer to the $250 level as traders accumulate the token in anticipation of major rallies as it trades live on Binance Japan in the coming days. BNB Vies For More Rallies As It Prepares To Conquer Key Resistance Levels Binance Coin (BNB) trades above three key support levels: $240.4, $242.0, and $243.3. The bulls found strength at $242.0 and $243.3 price levels, facilitating the sharp spike to $246.065 in the early hours of August 1. The chart demonstrates heated strife between the bulls and the bears as they struggle to prevail over the market. However, the stiff resistance at the $246.5 price level allowed the sellers to trigger a trend reversal. The bears have formed bearish candle sticks above the $243.3 price level and are striving to press the token further below. BNB is in a critical conjecture as the next few hours determine whether a move to the $250 target is possible. A break above the $246.5 level will facilitate more rallies. Conversely, if the bulls relent, BNB could retrace to the $241.3 level, allowing the bears an opportunity to soar.

Users were cautioned to save any mining data and records before August 27. There have been rumors that KuCoin plans to lay off 30 percent of its staff. KuCoin, a cryptocurrency exchange, has decided to suspend its Bitcoin and Litecoin mining pools as of August 16. The decision was reportedly made in response to recent layoffs that, according to rumors, impacted close to 30% of its personnel. The alleged layoff news was denied by the exchange, calling it a normal organization restructuring. According to the exchange, the move is “in line with KuCoin’s evolving business strategy,” however they did not provide any additional explanation. It’s not apparent whether this choice has anything to do with the recently completed halving of Litecoin. The exchange stated: Look Out for Other Pools Users were also cautioned by the exchange to save any mining data and records before August 27. The current hash rates of the exchange’s Bitcoin and Litecoin mining pools are 9.08 EH/s and 3.90 TH/s, respectively. The total hash rate of the Bitcoin network is 349.19 EH/s, whereas the Litecoin network is 792.16 TH/s. KuCoin has required its users to comply with Know Your Customer (KYC) regulations since the month of July. If current users don’t complete KYC, they won’t be able to make deposits. The exchange claims to have over twenty million users. With this announcement, Bitcoin and Litecoin miners have to look into other pools before the due date. Highlighted Crypto News Today: Worldcoin Aims To Expand Iris-Scanning Tech Via Open Source

Litecoin follows Bitcoin’s lead in going through the halving cycle every 4 years. LTC lost value in the last 24 hours, falling 6.57% to $86.95 as per data from CMC. As of today, the pace at which Litecoin is being issued has decreased by half, an occurrence known as “the halving.” Litecoin follows Bitcoin’s lead in going through the halving cycle every 4 years. The block reward for verifying blockchain transactions is halved during a crypto-halving event. After the event, miners will be rewarded in cryptocurrency at a rate that is 50% lower for every block. As a result of the scarcity created by the halving process, the value of cryptocurrencies may be maintained or even increased. The goal is to reduce network inflation by making each coin worth more by producing fewer of them. Assuming no further changes to the network infrastructure are necessary, this should theoretically lead to a higher price. Charlie Lee, the founder of Litecoin, expressed his confidence that these regular halvings aid in widespread adoption without jeopardizing the network’s underlying security. Selling Pressure However, LTC hasn’t seen any price increases yet. On the contrary, the currency lost value in the last 24 hours, falling 6.57% to $86.95 as per data from CMC. The market cap is down 6% and now stands at $ 6,413,084,253. Source: CoinMarketCap The price of Litecoin, a fork of Bitcoin, was anticipated by investors to surge, but it seems traders are selling out, with strong bearish momentum. Meanwhile, as of June, the Litecoin network has processed 33 million transactions. As the halving date drew near, Litecoin’s social influence grew, and so did the concern of its investors. The recent volatility in LTC has been difficult to handle for many. Despite recent attention, LTC has not yet achieved widespread popularity to rival Bitcoin.

DeFi lending protocol, Abracadabra Money, is currently debating a proposal to boost the interest rate in its CRV lending markets as it looks to mitigate its exposure to the DeFi token. In the last few days, CRV has seen its value decline significantly due to the recent Curve Finance exploit on Sunday, which resulted in a total loss of over $60 million. According to data from CoinMarketCap, CRV is currently trading at $0.56, with an 8.28% loss in the last 24 hours. Abracadabra Exposed To Significant CRV Risk Levels In a governance proposal submitted on Aug 1, DAO contributor and community manager Romy highlighted that Abracadabra was currently exposed to a substantial level of CRV risk. To address this situation, the proposal contains a strategy that introduces collateral-based interest to both CRV cauldrons – lending markets – on Abracadabra. Related Reading: Ethereum DeFi Coins Plunge As Curve Concerns Threaten Major Market Crash Romy stated that Curve Finance, the underlying platform of CRV, has seen its TVL negatively affected over the last month by several events, including the Conic Finance Hack, the JPEG’d exploit, and the attack on Curve itself. In particular, Romy noted that the theft of $25 million from Curve’s CRV/ETH pool had impacted the on-chain liquidity for CRV, altering the conditions that led to the adoption of the token as a collateral asset on Abracadabra. In addition, the proposal also noted that Abracadabra had recorded CRV outflows toward markets with lower Loan-to-Value (LTV) ratios and higher interest rates. Together, all these factors have affected CRV’s price and liquidity, prompting the need for Abracadabra to reduce its exposure to the token. Abracadabra’s Proposed Strategy To Introduce 200% Interest Hike As earlier stated, Romy’s governance proposal aims to cover Abracadabra CRV’s risk by applying collateral-based interest to the two CRV lending markets on the platform. It was stated that this strategy had been previously implemented with the WBTC and WETH cauldrons. This introduction of collateral-based interests would allow Abracadabra to levy interest directly on each CRV cauldron’s collateral which is directly transferred to the protocol’s treasury and converted to Abracardra’s native stablecoin MIM, either via on-chain or off-chain transactions. Related Reading: Is It A Good Idea To Buy Curve Now? Here’s What This Founder Thinks Based on projections, Romy stated that this strategy would allow Abracadabra to boost its treasury reserve and cut potential losses due to CRV exposure to about $5M borrowed MIM. Under the new proposed interest structure, the interest rates will be determined based on two factors: the combined outstanding principal of the CRV cauldrons and the collateral ratio of each cauldron. The base interest rate will vary depending on the total borrowed amount, classified into three ranges: $0M-$5M, $5M-$10M, and $10M-$18M. For instance, as the current outstanding principal stands at $18M, the base interest rate would be set at 200%. Using this rate, it is estimated that the loan would be completely covered in six months’ time. Furthermore, the collateral ratio would influence the interest multiplier, with ratios ranging from <= 40% to <= 70% correlating to multipliers of 1x, 5x, 10x, and 25x, respectively. According to the proposal, this interest rate structure ensures the maximum chances of “full principal recovery” for Abracadabra. The voting session for this proposal commenced on Aug. 1. and will run for only 46 hours due to the supposed urgency of the matter. As of the time of writing, 51 members of the Abracadabra DAO have placed their votes, with 99.74% supporting the proposal.

Macieira has said that it would open-source the iris-scanning orbs’ underlying technology. Global authorities have been looking into Worldcoin’s data harvesting practices. According to a Reuters article, Worldcoin intends to increase its presence in the market by making its iris-scanning and identity verification technology available to governments and corporations. According to the article, Ricardo Macieira, general manager for Europe at Tools For Humanity (the firm behind the Worldcoin initiative), said that the organization’s goal is to “build the biggest financial and identity community possible.” Encouraging Widespread Use Macieira has said that it would open-source the iris-scanning orbs’ underlying technology to encourage more widespread use. There have been rumors circulating recently that Worldcoin has had trouble attracting users since its introduction. Sam Altman, one of the project’s creators, has refuted these accusations with tweets on the X platform. The tweets include a video of individuals waiting in line to have their irises scanned. According to Macieira, the team is going to focus even more on local communities in the near future. Moreover, Macieira told Reuters that Worldcoin plans to charge businesses for access to its digital identification system if they wish to develop localized systems without collecting personal data. Global authorities have been looking into Worldcoin’s data harvesting practices for some time. Kenya’s financial, security, and data protection agencies are looking into whether Worldcoin is legal and secure after the Kenyan Ministry of the Interior declared on Facebook that it has halted the project’s operations. Worldcoin responded to growing criticism of its data-gathering practices on July 28 by publishing the findings of an audit. The most recent research was conducted by security consulting firms Nethermind and Least Authority. Highlighted Crypto News Today: Google Cloud Expands Partnership With Celo Network as Validator

Data shows that Bitcoin funding rates have risen to the greenest levels since February 2023, something that could increase the risk of a long squeeze. Bitcoin Funding Rates Are At Highest Levels Since February As pointed out by an analyst in a CryptoQuant post, longs have accumulated in the market recently. The “funding rates” is an indicator that keeps track of the periodic fee that traders on the futures market are exchanging between each other right now. Related Reading: Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators When the value of this metric is positive, it means that the long contract holders are currently paying a premium to the short holders so that they can hold onto their positions. This kind of trend implies that the majority of the market shares a bullish sentiment. On the other hand, the indicator being below the zero mark suggests the payments are flowing the opposite way: shorts are paying the longs. Naturally, here the bearish mentality is the dominant force. Now, here is a chart that shows the trend in the Bitcoin funding rates since the start of the year: As displayed in the above graph, the Bitcoin funding rates have surged during the past day as the cryptocurrency’s price has recovered back above the $29,000 level. The rise implies that new long positions have appeared on the market, and the gap between the shorts and longs has widened. Following this increase, the funding rates have hit highly positive levels not witnessed since back in February of this year. When the metric hit its high values back then, the cryptocurrency’s price had formed a local top and had started on a steep decline. The reason that the market reversed its trend even though the futures market traders were bullish was perhaps due to a long squeeze. A “squeeze” is an event where a sharp swing in the price sets off a high volume of liquidations at once. Such liquidations only end up providing further fuel for the price move, thus prolonging it and causing even more liquidations. As such, liquidations can be imagined to cascade during a squeeze. Whenever the futures market becomes overheated, the chances of this mass liquidation event taking place can go up. Generally, a squeeze is more probable to effect the side that has the larger amount of contracts. Naturally, this side would be reflected in the funding rates. As the indicator’s value is highly positive right now, a long squeeze could have reasonable chance of happening. If one does take place in the near future, then the Bitcoin market could go down in a similar way as it did back in February. BTC Price At the time of writing, Bitcoin is trading around $29,500, up 1% in the last week.

In a recent development, MicroStrategy, a US-based software firm, has announced intentions to raise about $750 million through stock sales. According to the platform, which is currently one of the biggest corporate holders of Bitcoin, proceeds realized from the sale will be used to purchase more Bitcoin. More BTC For MicroStrategy? In a filing with the United States Securities and Exchange Commission on August 1, MicroStrategy disclosed that it has entered into a sales contract with three companies, namely Canaccord Genuity, Cowen and Company, and Berenberg Capital, with respect to the sale of MicroStrategy’s class A common stocks. Since MicroStrategy is a publicly traded company, the sales are expected to be available to the general public and to take place on the stock market. The firm is guaranteed easy access to capital since its stock will be offered to every interested investor. According to MicroStrategy, the proceeds raised from the proposed sale would be applied to different corporate objectives, which according to MicroStrategy’s Chief Financial Officer Andrew Kang, shall include “.. the purchase of Bitcoin as well as the repurchase or repayment of outstanding debt.” Bitcoin Price Reaction To The News MicroStrategy is a firm founded by Micheal Saylor and one of the largest holders of Bitcoin. The firm presently holds 152,800 Bitcoin valued at $4.5 billion at the current market price. The firm purchased an additional 12,333 Bitcoin during the second quarter of the year and another 467 in July. It is currently one of the most prominent champions of Bitcoin with a bold investment strategy to boost its Bitcoin holdings regardless of whether or not the market is trending. Speaking to Investors following the announcement, Chairman and founder of the firm Micheal Saylor noted that their objective “is to find ways to generate incremental Bitcoin for our shareholders and do that with either cash flow from the business or do it through intelligent accretive financings of equity or debt or other intelligent operations.” In reaction to the announcement, the price of Bitcoin rose to about 2%, increasing from $29,200 to $29,771 at the time of writing. Shareholders in the company also benefited following the ongoing Bitcoin rally, with shares increasing to nearly 200% since the beginning of the year. According to data from Google Finance, MSTR shares have risen from $145.02 per share on January 3 to $434.98 at the time of publication.

India’s note recommends tailored measures for Developing Economies. India calls for outreach to create awareness of crypto risks, especially in regions with higher adoption rates. The crypto community eagerly awaits the joint report by the IMF and FSB, expected in August, with crucial insights into the regulatory landscape for digital assets. India, as the current president of the G20, has made a significant impact on the world of cryptocurrency by releasing its official presidency note. The note outlines India’s recommendations on global crypto regulation, potentially reshaping the regulatory landscape worldwide. One of the key points highlighted in the presidency note is the emphasis on considering macro-financial implications and risks specific to Developing Economies while framing crypto rules. This approach recognizes the unique challenges faced by these regions and advocates for tailored measures to address their concerns. India’s presidency note seeks to influence the framing of international crypto rules in the upcoming synthesis paper jointly produced by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). The synthesis paper is expected to be released less than two weeks before the G20 Leaders’ Summit, making India’s input even more crucial in shaping the global regulatory framework for cryptocurrencies. India Mentions Outreach to Raise Awareness of Risks Another significant aspect of India’s recommendations is the call for outreach to all jurisdictions to generate awareness of risks associated with cryptocurrencies, particularly in regions with higher adoption rates. This proactive approach aims to foster a better understanding of the potential risks and challenges posed by digital assets in different parts of the world. India advocates for the involvement of non-G20 countries in shaping global crypto rules. By including a broader range of nations in regulatory discussions, India seeks to ensure that the global regulatory framework is inclusive and representative of the diverse interests and perspectives within the crypto community. The cryptocurrency community eagerly anticipates the joint report on global crypto rules to be released by the IMF and FSB at the end of August. The report will provide valuable insights into the evolving regulatory landscape for digital assets and could have far-reaching implications for the future of cryptocurrencies on the international stage.

Shiba Inu witnesses whales’ billions of SHIB moves, records 1.13 trillion SHIB in large transaction volume. BONE token surges 8.68% as SHIB ecosystem tokens show notable price growth. The meme coin celebrates third anniversary with spectacular growth, attracts crypto community’s interest. Shiba Inu, the cryptocurrency inspired by internet meme culture, has seen a significant shift in the last 24 hours as whales made billions of SHIB moves, driving the token’s large transaction volume to a staggering 1.13 trillion SHIB, according to IntoTheBlock data. The Large Transactions Volume metric indicates the overall amount transacted by whales on a given day, with large transactions defined as transfers exceeding $100,000. At the time of writing, SHIB showed a slight increase in the last 24 hours, reaching $0.00000822. Meanwhile, other tokens within the Shiba Inu ecosystem have experienced notable price growth. BONE, the governance token of the ecosystem, surged by 8.68% to $1.64. Shiba Inu’s Massive Transaction Volume Raises Interest Among Whales Amid the positive momentum, the official SHIB Twitter handle shared a teaser tweet featuring an ecstatic Shiba Inu dog, celebrating the project’s third anniversary. Since its launch in August 2020, Shiba Inu has garnered immense support from users and partners like Wirex and Huobi crypto exchange, who lauded the project’s remarkable growth over the past three years. The recent activity of SHIB whales and the impressive performance of its ecosystem tokens have captured the attention of the crypto community, sparking curiosity about the future trajectory of this meme-inspired digital asset. As the market continues to evolve, Shiba Inu enthusiasts and investors eagerly await further developments that could shape the coin’s journey in the months to come.

The network approved to switch from its own blockchain to an Ethereum layer-2 solution. Post the announcement the price spiked briefly reached almost $0.52. In addition to Deutsche Telekom and other ecosystem participants, Google’s computing cloud service, Google Cloud, is now operating a validator on the Celo network, the Celo Foundation stated on Wednesday. A validator is a user who takes part in the process of confirming new transactions and protecting a blockchain’s integrity. In the past, Google Cloud and Celo have worked together to provide seminars and cloud computing services to devs and Web3 founders working on the network; this new project expands on that partnership. Proposal Approved Recently, the Celo network approved a proposal to switch from its own blockchain to an Ethereum layer-2 solution, with the goals of improving security and making it easier to share liquidity between the two networks. According to the proposal page, 128 voted in favor of the change, 2 voted against it, and 1 didn’t vote at all. Since Celo is already EVM-compatible, developers familiar with Ethereum may quickly transfer over current applications or create new ones using the same tools. As per the press release: According to the announcement, the Blockchain Node Engine will make it simpler for Celo 2.0 to sync with the Ethereum network by relaying transactions without waiting for nodes to synchronize. The Celo Foundation helped launch the Web3 startup program on Google Cloud earlier. Post the announcement the price spiked briefly reached almost $0.52. According to CMC, the price of CELO is trading at $0.497 and is up 1.45 in the last 24 hours. Highlighted Crypto News Today: India’s Presidency Note Propels Cryptocurrency Regulation Discussions

Uniswap, the largest decentralized exchange, has removed the HEX token from its interface after it was recently declared an unregistered security by the United States Securities and Exchange Commission (SEC). This comes as another blow for the token in what has been an unpleasant week so far. This unfavorable run has had an impact on the price of HEX, which is currently valued at $0.00486457. According to CoinGecko data, the token’s price has declined by more than 12% in the last day, as it continues in a downward trend. Uniswap Withdraws Support For “Unregistered Security” HEX Uniswap has delisted the HEX token from its interface, placing it in the protocol’s “Unsupported List.” It is a list manually curated by Uniswap Labs – the developer of the protocol – to restrict tokens that violate trademarks, projects that have proven to be scams, or otherwise based on legal considerations. Following the SEC’s declaration on Monday, July 31, it appears that Uniswap is distancing itself from the HEX token. This declaration came when the financial regulator filed a lawsuit against Richard “Heart” Scheuler, the founder of HEX, PulseChain, and PulseX (a Uniswap fork). In the court document, the Securities and Exchange Commission mentioned Uniswap as one of the factors behind its selection of the US District Court for the Eastern District of New York as the case’s venue. The commission said it chose this venue because many of the transactions highlighted in the lawsuit occurred on Uniswap, which is headquartered in Brooklyn, New York. The SEC accused the controversial Richard Heart of offering an “unregistered security”, the HEX token. Other angles of the case include HEX’s staking mechanism, its lock-up schedule, and how Heart manipulated the token’s supply by “recycling” transactions. The regulator claims that, by making “grandiose” promises of wealth, Heart was able to raise $1 billion from investors, which he “inappropriately” spent on luxury goods. The Crypto Community Reacts After the news of Uniswap blocking traders from trading the HEX token broke out, there has been a mixed reaction from the crypto community on Twitter. Several tweets are questioning the “decentralized” nature of Uniswap, with some users even going as far as giving the protocol a bad review on various review platforms. However, some Twitter users believe that Uniswap made the right call, as they feel the SEC’s case against Richard Heart is plausible. Although Uniswap has removed HEX from its front end, it appears that it can still be traded on the decentralized exchange through alternative hosted websites. A Twitter user revealed that there are numerous Uniswap front ends – created by members of the HEX community – to trade the delisted token or to interact directly with the protocol’s smart contract to do so.

In recent weeks, the meme coin Shiba Inu (SHIB) has shown signs of recuperation, gradually recovering from its yearly low of $0.00000597, reached on June 10. SHIB was following the pawprints of its rival, Dogecoin (DOGE), which recently garnered momentum following a profile update from Elon Musk. As the value of SHIB began to move upward, anticipation around the forthcoming release of Shibarium, a layer 2 solution, also began to ripple through the investor community. The announcement that Shibarium will be unveiled at the Blockchain Futurist Conference held from August 15-16, 2023, in Canada, ignited a flicker of optimism. However, there is still no clear confirmation for a trend reversal from a technical perspective for SHIB. Can Shiba Inu Finally Enter Bullish Territory? While DOGE has already breached the threshold of the 200-day EMA (Exponential Moving Average) – a widely respected metric in chart analysis – SHIB has yet to break through this key technical indicator. In simplified terms, an asset above the 200-day line indicates an uptrend, while trading below suggests a downtrend. A classical approach would recognize a strong buy signal when the price moves from below to above the trend line. Investors with an eye on SHIB continue to await for this buy signal. This is despite the meme coin currently trading 55% higher compared to its low on June 10. Remarkably, the recent positive price trend did enable SHIB to ascend beyond the 50-day EMA (orange), a modest victory in its own right. At the moment, SHIB faces an uphill battle against the 100-day EMA, priced at $0.00000840. As of press time, Shiba Inu traded just shy of this mark, at $0.00000830. Another bullish argument is that the meme coin recently broke out of the ascending triangle formation that had held it captive since mid-June. SHIB should not fall back below the formation’s former resistance at $0.00000831 to confirm the breakout. Remarkably, the 23.6% Fibonacci retracement level is also at this level, making this price twice as important. If Shiba Inu can maintain its current position and use the 23.6% Fibonacci level as support, it could successfully break above the horizontal resistance around $0.00000870. Then, a subsequent jump to the bullish boundary – the 200-day EMA at $0.00000933 – could be on the cards. Should SHIB bulls accomplish this feat, the price would technically trigger a buy signal. This could potentially pave the way for a further surge, with the next resistance looming at the 38.6% Fibonacci retracement level of $0.00000976. At this point, substantial selling pressure can be expected, given that this price level functioned as strong support from early March to early May this year. Additional price targets are the 50% Fibonacci level at $0.00001093 and the 61.8% Fibonacci level at $0.00001209. A bearish scenario would be triggered if SHIB fails to sustain the breakout above $0.00000831 on the 1-day chart. A drop to the previous month’s low of $0.00000709 could be in the offing. Holding this price level will be critical to avoid revisiting the year’s low at $0.00000597. Yet, with the much-anticipated launch of Shibarium less than a month away, this bearish scenario appears less probable. The question that investors are grappling with: Will Shibarium be the catalyst that finally signals a trend reversal for Shiba Inu? Only time will reveal the answer.

Provider of machine identity management enables crypto-agility through automated discovery, inventory, provisioning and renewals/revocation of digital certificates NEW YORK–(BUSINESS WIRE)–#CLM—AppViewX, a leader in automated machine identity management (MIM) and application infrastructure security, today announced it has been named a Sample Vendor by Gartner in the Hype Cycle for Digital Identity, 20231. As stated in the research: “Organizations struggle to protect machine credentials such as secrets and certificates properly, leading to their leakage and abuse.” According to the Gartner, Inc. report: “Organizations have and use many machine identities. However, these identities are rarely managed properly, exposing them to risk. Proper machine identity management allows organizations to secure communications between workloads and/or devices, enabling current and new digital use cases. Machine identity management is critical to secure DevOps workflows by automating security through management of credentials used within the tool chain, and for machine-to-machine communication.” “Discovering, maintaining visibility into, and controlling machine identities across devices, clouds, applications, microservices, containers, IoT, etc. has become manually impossible,” said Gregory Webb, CEO of AppViewX. “AppViewX’s best-in-class ability to automate machine identity management eliminates cyber risk and outages by renewing and revoking certificates on time, while enabling Zero Trust security.” AppViewX provides robust automated digital certificate lifecycle management (CLM) and public key infrastructure (PKI) as-a-service, delivered through the cloud allowing organizations to modernize cloud, hybrid, DevOps infrastructures. AppViewX CERT+ and PKI+ deliver instant value by discovering all certificates across complex hybrid multi-cloud environments, building and maintaining inventories, provisioning private and public trust certificates from any CA, alerting to expiring certificates, and fully automating renewals and revocation to eliminate outages and security weaknesses across applications, services, devices and security infrastructure. Gartner, Inc., Hype Cycle for Digital Identity 2023, 26 July 2023, Ant Allan, Nathan Harris GARTNER and HYPE CYCLE are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About AppViewX AppViewX is trusted by the world’s leading organizations to reduce risk, ensure compliance, and increase visibility through automated machine identity management and application infrastructure security and orchestration. The AppViewX platform provides complete certificate lifecycle management and PKI-as-a-Service using streamlined workflows to prevent outages, reduce security incidents and enable crypto-agility. Fortune 1000 companies, including six of the top ten global commercial banks, five of the top ten global media companies, and five of the top ten managed healthcare providers rely on AppViewX to automate NetOps, SecOps, and DevOps. AppViewX is headquartered in New York with offices in the U.K., Australia and three development centers of excellence in India. For more information, visit https://www.appviewx.com and follow us on LinkedIn and Twitter. Contacts Media: Marc Gendron Marc Gendron PR for AppViewX 617.877.7480 [email protected]

Prominent financial advisor to leverage expertise in blockchain, cryptocurrency, and financial inclusion, driving advancements in next-gen estate planning platform PHOENIX–(BUSINESS WIRE)–#Blockchain—Wealth.com, the industry’s leading estate planning platform, today announced Tyrone Ross, chief executive officer and co-founder of Turnqey Labs, Inc. and president and founder of 401 Financial, as its inaugural strategic advisor. In this new role, Ross will be charged with informing Wealth.com’s product roadmap to ensure it delivers maximum value for financial advisors and end clients alike. His expertise and insights will be instrumental in ensuring that the platform continues to meet and exceed the needs of all its members, further cementing Wealth.com’s position as a preeminent force in the estate planning arena. Ross’s reputation as an expert financial advisor, blockchain and cryptocurrency specialist, and staunch advocate for financial inclusion has earned him widespread recognition within the industry. His efforts to bridge the gap between traditional finance and emerging technologies have further solidified his status as an influential figure in the financial industry. Notably, he has been featured on esteemed lists such as InvestmentNews’ 40 Under 40, Financial Planning’s “20 people who will change the wealth management industry,” and most recently, Investopedia’s Top 100 Financial Advisors. “It’s with great excitement that we welcome Tyrone, a role in which his valuable insights and passion for innovation will help Wealth.com continue to be the most advanced solution on the market,” said Tim White, chief partnership officer at Wealth.com. “Tyrone’s forward-thinking approach will help us optimize our solution to empower advisors to deliver a holistic client experience. Together, we are committed to developing meaningful solutions that empowers more people to achieve their financial wellbeing.” As cryptocurrency and blockchain technology gain traction among investors, Ross is also well-positioned to provide guidance that acknowledges the growing role of digital assets in a comprehensive estate plan. He will offer advice on thoughtful and pragmatic ways to integrate emerging technologies into the Wealth.com platform, enabling financial advisors to harness the benefits of digital assets for improved wealth management strategies and legacy planning. The expansion of digital assets into the Wealth.com platform is geared towards equipping financial advisors with advanced tools to accommodate potential shifts in clients’ needs and preferences, ensuring a seamless and effective estate distribution process. In his capacity as Wealth.com’s inaugural strategic advisor, Ross will engage in regular meetings with the firm’s executive and product teams, offering invaluable input and suggestions to drive innovation and growth. Further, he will play an active role in educational initiatives, championing the advantages of tech-enabled and meticulous estate planning on behalf of Wealth.com. As the first of several strategic advisors to be appointed in the upcoming months, Ross’ collaboration marks a significant step toward advancing the firm’s mission of modernizing estate planning through innovative technology. “As a strategic advisor for Wealth.com, I am looking forward to working alongside a team that genuinely shares 401 Financial’s unwavering commitment to the client experience,” added Ross. “The entire Wealth.com team understands that estate planning is not just about numbers and documents; it is about securing the financial legacies of all individuals and their loved ones. Working closely with this dedicated team, I am thrilled to play a role in shaping a more inclusive, user-friendly, and forward-thinking approach to estate planning.” Wealth.com was established to break down barriers in estate planning, fostering a dynamic ecosystem that evolves alongside its members. By eliminating the complexity and confusion associated with outdated options, Wealth.com offers a seamless and modern approach to estate planning. To learn more, please email [email protected]. About Wealth.com Wealth.com is the industry’s leading estate planning platform. It empowers financial advisors to provide a modern, comprehensive and sophisticated estate planning solution to their clients. Wealth.com’s in-house trust and estate attorneys designed and maintain the platform to deliver the legal rigor and quality that is expected from top firms. All easily accessed by both advisor and client in a collaborative digital ecosystem. Wealth.com is optimized for, and available in, all 50 U.S. states and D.C. Contacts StreetCred PR [email protected] Hannah Dixon [email protected] 317-590-0915 Emma Smith [email protected] 917-200-3303

TORONTO–(BUSINESS WIRE)–EventMobi, an industry-leading event management software provider with customers across the globe, announced today the acquisition of Run The World, a trailblazer in the virtual event space. “We’re standing at the dawn of a new era for business conferences, events and communities,” said Bob Vaez, Founder and CEO of EventMobi. “With the acquisition of Run The World, we’re doubling down on our ability to deliver diverse event formats, expand our reach, and solidify our position as industry leaders. We’re thrilled to welcome Run The World and immerse them in the full value of hybrid events.” Founded in 2019, Run The World rapidly gained traction and over USD 15 million in investment as the world grappled with the global pandemic. Through its virtual event platform, Run The World connected millions across the globe, growing a diverse customer base – including the likes of Forbes, Meta, Amazon, United Nations Development Programme and Harvard University – and hosting over 50,000 virtual events during a time when virtual connection was paramount. “We couldn’t have anticipated the explosive interest Run The World would generate,” said Xiaoyin Qu, Founder and CEO of Run The World. “We proudly hosted thousands of customers, fostering a sense of connection when the world needed it most. Now, as the world settles back to in-person events, we’re thrilled to join forces with EventMobi. We assure our community they are in the best hands and can expect even more powerful and seamless hybrid event solutions.” EventMobi recognizes the enduring relevance of in-person events while acknowledging the undeniable impact and reach of virtual and online communities. “The future of events will blend in-person and virtual experiences to foster and engage communities. We are committed to enabling our customers to choose the best format to allow their attendees to learn, connect and exchange ideas year-round,” said Vaez. Run The World customers can sign up to join the EventMobi family over the coming months. EventMobi’s award-winning support and customer success teams will facilitate the transition to their new technology partner. Learn more about EventMobi here. Learn more about Run The World here. About EventMobi: EventMobi’s software platform empowers organizations to acquire, engage, and retain customers, employees and members through memorable events and conferences. Founded in 2010, EventMobi has been a trusted event technology partner for more than 30,000 corporate and non-profit event planners. Starting as a mobile event app provider, the company now offers a full suite of event management tools, including event registration and check-in, year-round event communities, exhibitor lead capture, and the most comprehensive set of engagement and networking tools for in-person and virtual events. We believe the best events inspire industry professionals to enjoy, learn, connect, and take action. About Run The World: Run The World is the leading virtual events platform for organizations and communities, powering over 50K events worldwide. Founded in 2019, Run The World raised $15M from leading investors such as Andreessen Horowitz, Founders Fund, and Will Smith. Run The World has won multiple awards, including Fast Company’s ‘Most Innovative Company in live events’ and G2’s ‘leader in virtual events’, and has been featured in Forbes, Fortune, CNN, Techcrunch, and CNBC. Contacts Mélanie Richer [email protected] 613-415-7915