Hong Kong, Hong Kong, August 2nd, 2023, Chainwire Terminal 3, a Hong Kong-based Web3 startup, has successfully raised an oversubscribed pre-seed round to build user data infrastructure for a decentralized future. The company announced today a world-class investor group comprising 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, Mozaik Capital, and others. The company aims to replace centralized data storage that deprives users of privacy and saddles enterprises with compliance and security issues and their associated costs. Terminal 3 leverages decentralized storage and zero-knowledge proofs to empower an equitable Web3, where user data is freely composable while remaining fully private and secure. Terminal 3 was co-founded by Gary Liu alongside his partners Malcolm Ong (CPO) and Joey Liu (COO). All three were former entrepreneurs and business leaders who have built, scaled, and transformed some of the world’s leading technology companies. The co-founders previously worked together at the South China Morning Post, where they led the historic newspaper’s successful digital transformation. Gary was the Post’s CEO, while Malcolm and Joey were SVP of Product and Head of Strategy respectively. Malcolm was also the Co-founder and CTO of Skillshare, the world’s largest online learning community for creativity, while Gary and Joey co-founded Artifact Labs, a Web3 startup backed by Blue Pool Capital and Animoca Brands that is preserving historical assets on the blockchain. Gary is also the Founding Chair of Web3 Harbour, an association in Hong Kong serving Web3 builders, investors, users, and leaders. Growing Need for Alternative Data Infrastructure Over the past five years, new regulations on data privacy have created a stringent environment for the storage and use of personal information worldwide. Led by Europe’s General Data Protection Regulation (GDPR) and China’s Personal Information Protection Law (PIPL), global regulators and lawmakers are increasingly holding enterprises accountable for the protection of individual privacy. This trend is set to continue with the approval of the Digital Market Act in Europe and upcoming GDPR-inspired laws in the United States and around the world. US and UK corporations have spent over US$9 billion on GDPR compliance since 2018, with those investing incurring average costs of US$1 million annually. However, over 40% of companies still lack any budget for such compliance while GDPR fines continue to grow, with Meta alone sustaining over US$2.3 billion in penalties. Data security is also a costly enterprise concern as data breaches accelerate in frequency. Global spending on data security and risk management products is projected to exceed US$188 billion in 2023. However, in a world where 90% of companies rely on multi-cloud environments, data privacy and security issues will grow regardless of investment. Blockchain technology is increasingly viewed by corporate executives as a solution for user data privacy and security. In a recent survey of US Fortune 500 companies, Coinbase found that 51% of enterprises that use or plan to use blockchain employ the technology for ‘Data Collection and Management’. About Terminal 3 Terminal 3 is a Hong Kong-based Web3 startup building user data infrastructure for a decentralized future. The company’s solutions are an alternative to centralized data storage that deprives users of privacy and saddles enterprises with compliance and security concerns. Terminal 3 leverages decentralized storage and zero-knowledge proofs to empower an equitable Web3 where user data is freely composable while remaining fully private and secure. The company’s founders are successful corporate executives and entrepreneurs, who have built, scaled, and transformed some of the world’s most important companies. Terminal 3 is also backed by world-class investors including 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, and Bored Room Ventures. For more information about Terminal 3, please visit Terminal 3’s: Official Website | Twitter | LinkedIn Contact Joey Liu Terminal 3 [email protected]

Following the recent exploit of Curve Finance pools, there have been genuine concerns about the stability of the decentralized exchange and the Decentralized Finance (DeFi) ecosystem. A new report has emerged, raising questions about Curve founder Michael Egorov’s $100 million loan positions. These positions have garnered significant interest, as they are backed by about 47% of the entire CRV circulating supply. With the price of CRV dwindling, these debts appear to be at risk of liquidation, putting the Curve protocol, CRV investors, and the overall DeFi space on edge. A Breakdown Of Michael Egorov’s $100 Million Loan On Tuesday, August 1, crypto research firm Delphi Digital released a series of tweets, detailing the loan positions being held by Michael Egorov. According to the report, the Curve Finance founder has around $100 million in loans across various lending protocols backed by 427.5 million CRV tokens. Egorov has a 63.2 million USDT loan backed by 305 million CRV tokens on Aave. Delphi Digital revealed that the position has a liquidation threshold of 55% and is eligible for liquidation at 0.3767 CRV/USDT. For context, the CRV currently trades at $0.608595, according to CoinGecko data. This means that a 38% price decline will cause a liquidation of Egorov’s position on the Aave protocol. Meanwhile, the Curve founder has 59 million CRV backing a loan of 15.8 million FRAX on Frax Finance. Although this debt is much lower than his Aave position, it poses a much more significant risk to CRV due to Fraxlend’s Time-Weighted Variable Interest Rate. Delphi Digital also noted that liquidation of the Frax loan position can occur regardless of CRV’s price. According to the research firm, the loan is currently at 100% utilization, which allows the interest rate to double every 12 hours. While the interest rate currently stands at 81.20%, Delphi Digital said that it can potentially increase to the maximum of about 10,000% APY in 3.5 days. This high-interest rate could result in the eventual liquidation of the debt. How Has The Curve Finance Founder Responded? So far, Michael Egorov has tried to stabilize his positions and the utilization rate twice, repaying a total of 4 million FRAX on July 31st. However, the utilization rate remained at 100%, as users swiftly remove liquidity as soon as he makes the payment. To address this, the Curve founder deployed a new Curve pool on Tuesday, August 1. This pool consists of stablecoin crvUSD and Fraxlend’s CRV/FRAX LP token, seeded with 100,000 CRV rewards. This is to incentivize liquidity toward the lending market, decrease the utilization rates, and ultimately reduce the liquidation risks. According to Delphi Digital, this pool attracted $2 million in liquidity and lowered the utilization rate to 89% four hours after launch.

The CEO of Lightspark, David Marcus, has come forward to share his experiences on building atop the Bitcoin Lightning Network. Marcus noted the challenges the Lightning Network held for builders, stating that it was incredibly difficult and complex to develop software around the protocol. The Bitcoin Lightning Network And The Challenges It Holds for Builders According to the Lightspark CEO, a firm involved in developing payment solutions on the Lightning Network, a layer-2 scaling platform for Bitcoin, the firm decided to build on the network because of the “unique qualities” Bitcoin provides as the underlying network. He explained that Lightspark’s objective is to build a cheap, very open, and interoperable protocol for virtual money/payments, and the Lightning Network is designed to be similar to layer 2 ZK-rollup for Bitcoin. However, the former president of Paypal and co-creator of Diem noted that building on Lightning and Bitcoin is about five times more difficult than developing on other protocols. This is because the process to create software around the protocol is incredibly difficult and complex to do. Nevertheless, with these objectives in mind, the platform committed to building on the Bitcoin Lightning Network and to do “Whatever it takes to reach their full potential.” But despite having high hopes about the prospects of the network, Marcus’s recent disclosures on Twitter have shown that building on the network was no easy feat. Moving Forward Despite Difficulties According to Marcus, part of the challenges is attributed to the rigidity of Bitcoin and the difficulties involved in altering its structure to contain new code in its base layers to meet the needs of specific solutions. He pointed out that Bitcoin’s layer 1 is particularly rigid and building a new opcode to mainlet was practically not possible. However, despite these challenges, Lightspark remains upbeat, and instead of completely abandoning the Lightning Network protocol for other less complex chains, the platform intends to develop a payment solution that would still be applicable “100 years from now.” The firm also intends to reorganize the process enabling crypto market users to connect to the Lightning Network. Although this will depend on their ability to put in place the necessary peer-to-peer payment channels. Apart from Lightspark’s CEO, other players in the sector have also recognized the intricacies and general challenges of building software around the Lightning Network. Popular CEO of Binance Changpeng Zhao has previously pointed out that integrating Lightning Network services on Binance was more complex because of the usage of on-demand invoices, which are different from pre-generated addresses. Additionally, Fitatjaf, a prominent Bitcoin developer and founder of the decentralized social protocol Nostr, has also offered criticism of the Lightning Network, terming it a pile of complex and ugly hacks.

On August 3, Coinbase will release financial data for the second quarter. On Monday, COIN stock closed up 4% at $98.61, but it dropped 3.17% in pre-market trading. Cathie Wood, the CEO of Ark Invest, has reportedly sold millions of dollars’ worth of shares in Coinbase (COIN) and Robinhood (HOOD) ahead of the businesses’ projected weaker-than-expected second-quarter earnings reports. Despite Cathie Wood’s continued Bitcoin optimism, her firm, Ark Invest, has been unloading its crypto-related stock holdings. Since the COIN stock price rose over $100, reaching practically a 52-week high, Cathie Wood’s Ark Invest has continued to unload Coinbase shares. However, the ARK Next Generation Internet ETF managed by Ark Invest has paused its unloading of Coinbase holdings. According to records, on July 31st, Cathie Wood’s Ark Invest fund, ARK Next Generation Internet ETF (ARKW), sold 1,055 Coinbase shares for $105,000. All Eyes on Q2 Earnings Report On August 3, Coinbase will release financial data for the second quarter. Revenue for Coinbase fell last quarter as a result of a sharp decline in trading volumes caused by US crypto regulatory crackdowns. While optimism for Bitcoin’s price rally persists, Ark Invest is weighing the potential effects of the US SEC vs. Coinbase litigation. At the time of writing, COIN stock was down 5.50% at $93.18. Also, for the first time since early January, Cathie Wood’s Ark Invest has sold some of its Robinhood stock. On July 31st, ARK Fintech Innovation ETF (ARKF) sold 373,175 HOOD shares for $4.8 million. On August 2nd, Robinhood will release its earnings report for the second quarter. Both earnings per share and revenue are expected to increase from the previous quarter. Cathie Wood’s selling frenzy at Ark Invest suggests earnings reports will cause adverse momentum in the cryptocurrency market in the coming weeks. Highlighted Crypto News Today: Whopping 1.41 Billion Terra Luna Classic (LUNC) Burned by Binance

At present, the price is attempting to maintain its position near the trendline support. The price has experienced a drop of 1.78% in the last day. Looking at the price performance over the last seven days, the price of Cardano has seen fluctuations, with a high of $0.3122. This volatility is not uncommon in the cryptocurrency market and is often influenced by broader market trends and investor sentiment. Cardano (ADA) is currently trading at $0.3045, with a 24-hour trading volume of $262,384,748. The price has experienced a drop of 1.78% in the last day. The market capitalization of Cardano stands at $10,666,648,231, making it the 8th largest cryptocurrency in terms of market cap. The circulating supply of ADA is 35,010,299,418, out of a maximum supply of 45,000,000,000 ADA. In terms of trading volume to market cap ratio, it is at 2.46%, indicating a healthy level of trading activity. ADA Price Analysis An analysis of Cardano’s price shows that in June 2023, the ADA token experienced a nearly 40% decrease, following the breaking of significant support at $0.3558. The price managed to recover after finding support within a specific demand zone. Subsequently, the price maintained a level above this demand zone and attempted recovery. However, it was unable to surpass the previous supply zone, leading to a price decline. Cardano (ADA) Price Chart In recent developments, the price appears to be on an upward trajectory, as it has been forming lower highs and finding support from a trendline. At present, the price is attempting to maintain its position near the trendline support, following a rejection from the previous supply zone. Predictions for Cardano’s price suggest that if the token can maintain its position above the trendline, it may experience another surge, potentially reaching the previous swing high. However, this would require an increase in buyer accumulation at the current level to drive prices higher. Cardano’s (ADA) daily chart price analysis shows a fake breakout over the $0.2950 level. Traders should be watching for the bar to close at the moment. Bearish pressure might push the price down to $0.29 if the candle closes below the $0.30 region. In conclusion, Cardano’s current market position and trading volume indicate a significant interest in this cryptocurrency. However, as with all investments, potential investors should consider market volatility and conduct thorough research before making any investment decisions.

Laser Digital is the cryptocurrency division of the Japanese banking giant, Nomura. Recently, Binance FZE, the Dubai subsidiary of Binance, received an MVP license from VARA. The Virtual Asset Regulatory Authority (VARA) of Dubai has issued a full crypto license to Laser Digital, the cryptocurrency division of the Japanese banking giant, Nomura. Last Thursday, Dubai approved Laser Digital’s license, allowing the company to legally provide its services to both consumers and businesses. According to a press release, the Swiss-based firm will begin offering trading and digital asset management services in the region in the coming months. Facilitating Growth This license authorizes Laser Digital, led by CEO Jez Mohideen and Head of Distribution Cameron Dickie in Dubai, to offer Trading and Asset Management operations, providing OTC trading services to institutional clients as well as a full suite of digital asset investment products and solutions. Laser Digital CEO Jez Mohideen stated: Laser Digital offers scalable, reliable options in trading, asset management, and ventures and is backed by Nomura, one of the biggest banks in Japan. The United Arab Emirates (UAE) created VARA in 2022 to establish guidelines for the management of virtual assets including cryptocurrencies and non-fungible tokens. The Gulf region is looking to diversify its economy by luring cryptocurrency companies to its shores. Recently, Binance FZE, the Dubai subsidiary of Binance, received a minimum viable product (MVP) license from the Virtual Assets Regulatory Authority (VARA) of Dubai to operate as an exchange and broker-dealer in the region. Thus, allowing it to provide services to qualified institutional and retail investors.

Two years ago, Japanese authorities issued a warning to the exchange for operating illegally. There are currently 34 tokens accessible for spot trading on Binance Japan. Binance Japan, a subsidiary of crypto exchange Binance, will soon begin accepting new users on its recently released platform in Japan. Two years ago, authorities issued a warning to the exchange for operating illegally in the country. A variety of products and services, including spot trading and Earn products, are now available to new users in Japan. There are currently 34 tokens accessible for spot trading on Binance Japan, with BNB being one of them. Sustainable Growth After 2023-08-14, a distinct notice will be given to commence the migration process for existing users in Japan who are enrolled with the exchange’s global platform. In November of last year, Binance purchased Sakura Exchange BitCoin (SEBC), a regulated cryptocurrency exchange. Two major cryptocurrency exchanges, Coinbase (COIN) and Kraken have suspended operations in the country due to “market conditions” in recent months. At the WebX conference held in Tokyo last week, Japanese authorities hinted at the impending implementation of additional Web3-related rules. The exchange believes that providing Japan with regulated exchange services will help the country’s digital asset industry grow. To create a sustainable Web3 ecosystem, the country’s innovative spirit and increasing interest in blockchain tech make it an ideal location. Recently, Binance has been granted a license to provide virtual asset exchange services by the Virtual Assets Regulatory Authority in Dubai. The VARA of Dubai has granted Binance’s Dubai subsidiary, Binance FZE, the first-ever MVP license for an exchange. Regulatory authorities across the globe have increased scrutiny over the sector in recent times. Highlighted Crypto News Today: Whopping 1.41 Billion Terra Luna Classic (LUNC) Burned by Binance

Today, Bitcoin took another dive, this time to its lowest level since June 21. A check on Bitfinex reveals a BTC price slump to $28,641. Coinbase, America’s largest crypto exchange, reported an even more drastic drop to $28,478. Although the price bounced back slightly to hover just below $29,000 (-1.4% in the last 24 hours), the downward trend sparks questions. Why Is The Bitcoin Price On The Decline? James V. Straten, a renowned on-chain analyst, recently tweeted: “Bitcoin drops below $29,000 as open interest spikes while funding rates go lower. As a result of the biggest long liquidation since 24th July.” As the analyst states, Bitcoin’s price trend can be majorly attributed to long liquidations. The liquidation data from Coinglass indicates that $23.6 million in BTC longs were liquidated, a relatively small amount but significant considering the market’s state. In an illiquid market, smaller orders can significantly sway the market. According to data from Kaiko, BTC and ETH have seen a decline in 90-day realized volatility this year, with volatility levels currently hovering around two-year lows. Moreover, Kaiko’s data also reveals that Bitcoin’s correlation with the S&P 500 continued to decline in July, falling to just 3%. The last time it was this low was back in August 2021. This suggests that the traditional financial market’s influence on Bitcoin’s price is waning, an impulse much needed at the moment. Analyst @52Skew noted that BTC Spot CVDs & Delta Retrospective were hinting at the downtrend. “There were clear signs of spot supply & sellers, especially on Coinbase. Aggregate Spot CVD indicated heavy supply prior to sell off: Price grinding higher into limit supply & market spot selling.” Meanwhile, renowned trader @exitpumpBTC pointed out on Twitter: “Someone sitting with 400 BTC buy wall at $28,900 on Binance spot orderbook. Fully closed my short.” This buy wall might provide some support for Bitcoin’s price at the current level. Bitcoin Market Sentiment Weighs On Price The Bitcoin Market Sentiment, as represented by the Fear & Greed Index, is presently at 50 – neutral. However, the sentiment on the Bitcoin and crypto market is lukewarm, despite BTC being up 76% year-to-date. The fading momentum seems to be due to the Bitcoin and crypto market’s current “summer slumber.” The bullish news seems already priced in, and volumes on exchanges are dwindling. Interestingly, despite some major bullish developments for the broader crypto market, including Blackrock’s filing for a spot ETF and the victory for XRP and Ripple, the retail and institutional interest remains low. This is reflected in the low liquidity and volatility in the market. Remarkably, the crypto space has been rocked by an array of events recently. From the rise of liquidity absorbing meme coins to scam tokens, the market has seemingly descended into chaos. In the midst of all these, impending events such as the Curve (CRV) hack as well as fears of a potential DOJ action against Binance and Tether, continue to add anxiety to the market. In this uncertain state, there are no new investors to catapult the market upward. At press time, BTC traded at $28,990.

Last week, the 1W Bollinger Bands in Bitcoin reached its tightest level ever. The volatility measuring tool typically doesn’t give any indication of direction, however. Using historical data, we’ve taken all previous instances of extreme lows and the resulting direction — up and down — and discovered the success rate of the signal. Bollinger Band Width Reaches Historical Lows: What Does It Mean? The Bollinger Bands are a complete trading system, designed by John Bollinger in the 1980s — an avid Bitcoin speculator. The tool uses a 20-period simple moving average (SMA) and two bands set at two standard deviations of the SMA. As such, the “Bands” expand and contract based on volatility — a measure of how aggressively price moves within a time period. When the Bands tighten to extremes, it indicates a period of low volatility. This setup is called a Squeeze, which ultimately releases pent up energy and results in a large move. When price action picks up, the bands expand to represent the return of volatility. According to Bollinger Band Width, a related tool designed to tell analysts how tight the bands on an easier to visually compare basis, the Bollinger Bands in BTCUSD are the tightest in the history of crypto. Notably, Ethereum and the TOTAL crypto market cap are also historically tight. The technical indicator, however, doesn’t say anything about direction, only that something big is on the way. In the past, Bitcoin has broken out in either direction. But how many of these times were up? And how far did it climb? Bitcoin Breakout Performance Analyzed: Average 669% ROI When Volatility Returns Past performance is never a guarantee of future results, but from historical price data we can better understand the behavior in BTCUSD after such low volatility phases. Of the nine total instances the Bitcoin weekly Bollinger Bands got this tight, the top cryptocurrency by market cap rallied upward after upon breakout seven times. The average upward movement across all seven times is 872%. In contrast, the two down moves resulted in an average crash of 40%.< Bitcoin falling 40% from here would take it back to $17,500 per coin, while a 872% move higher would take BTCUSD to over $280,000 per coin. The average of up and down moves resulted in a grand total of 669%, which would take the number one cryptocurrency to over $220,000. Considering the rule of diminishing returns, such a strong move is unlikely. However, the data speaks to the magnitude of the move that could occur, once volatility returns.

In his recent report, Charles Edward, a prominent crypto market analyst, released an update on the state of the Bitcoin (BTC) market. The report highlights the continuation of the downtrend for Bitcoin, which has been losing its key support, the 50-day Moving Average (MA). The bearish trend has been confirmed by technical indicators and the pure fundamental Bitcoin Macro Index algorithm, which has seen an increasing rate of contraction over the last week. Is Bitcoin Headed For $25,000? The report provides insights into both high and low timeframe technicals, with the next support levels for Bitcoin at $28,000, $24,000, and low-$20,000, each offering better relative opportunities. The low timeframe technicals indicate a breakdown in support at $30,000 and the emergence of a new bearish trend, with a target of circa $25,000. The Capriole Bitcoin Macro Index, which combines over 40 of the most powerful Bitcoin on-chain, macro market, and equities metrics into a single machine learning model, suggests a decent long-term value for multi-year horizon investors, but with decreasing fundamentals over the last week. On the other hand, the Three Factor Model, a new open-source algorithm, values the S&P500 using three fundamental data points only, indicating that the markets are fairly valued today, with room for more upside, despite recent bearish signals. Despite the bearish outlook, the report suggests that the macroeconomic backdrop remains favorable for Bitcoin over the coming years. The Federal Reserve has paused rate hikes, and the S&P500 has had its longest winning streak in years. However, the technicals and fundamentals are currently showing a “not yet” signal, indicating that the market may need to wait for a positive trigger such as the approval of the Blackrock ETF. Overall, the report suggests a long-term bullish outlook for Bitcoin, but with caution in the short term until technicals or fundamentals prove otherwise. According to Edwards, the nearest points of technical opportunity are $28,000, $25,000, and $21,000, or a daily close back into the $30,000 range. Low Volatility, High Potential Bitcoin’s price volatility has been at historic lows, with the cryptocurrency experiencing its second-lowest level of yearly volatility ever. This fact has been noted by many in the crypto community, including Crypto Con, who points out that historically, low volatility has been a bullish sign for Bitcoin. Low volatility can be seen as a sign of stability and maturity for a cryptocurrency. It suggests that the market is becoming more efficient and that there is less speculation driving prices up and down. This can be a positive sign for long-term investors, as it suggests that cryptocurrency is becoming more reliable as a store of value. Moreover, Bitcoin has historically performed well after periods of low volatility. Every time Bitcoin’s volatility has dropped to similar levels in the past, it has been followed by a significant price increase. This suggests that, while the current low volatility may be frustrating for traders looking for quick profits, it could be a positive sign for long-term investors. In conclusion, while the current low volatility in Bitcoin’s price may not be exciting for traders, it could be a positive sign for long-term investors. Historically, low volatility has been a bullish sign for Bitcoin, and the cryptocurrency’s current stability comes at a time when several positive macroeconomic factors could drive its price up in the future. As of the time of writing, Bitcoin has lost its crucial support line of $29,000 and is currently trading at $28,900, representing a decline of over 1% in the last 24 hours. Featured image from Unsplash, chart from TradingView.com

Bitcoin has plunged below the $29,000 level during the past day. According to on-chain data, here’s the next level that could act as major support. Bitcoin Short-Term Holder Realized Price May Be The Next Support Level As pointed out by an analyst in a CryptoQuant post, the realized price of the short-term holders at $28,000 could be an essential level for the asset. The “realized price” here refers to the cost basis (that is, the buying price) of the average investor in the Bitcoin market. Whenever the price of the asset dips below this level, it means that more than 50% of the investors are now underwater. Similarly, a break above the point implies that the overall market has entered into a state of profits. In the context of the current discussion, the realized price of the entire market isn’t of relevance, but rather of a specific segment of it: the “short-term holders” (STHs). This investor group typically only includes holders who bought their BTC within the last six months. Here is a chart that shows the trend in the average cost basis for this Bitcoin cohort over the history of the cryptocurrency: Historically, the Bitcoin STH realized price has had some interesting interactions with the spot price of the asset. First is the interactions during bullish periods, which the quant has highlighted in the above graph. It would appear that during these rallies, the price has usually remained above the level. But not just that, the STH realized price has actually actively provided support to it in such periods. In the rally during the past year, too, a similar trend has been seen, as both during the March and June price drawdowns, the cryptocurrency rebounded when it made a retest of this line. Psychologically, investors view their cost basis as a profitable buying opportunity during bullish periods, as they believe that the price will only go up from here. So, whenever the asset returns to its cost basis in such periods, they are likely to accumulate again. This extraordinary buying pressure at the level of the STHs could perhaps explain why Bitcoin finds support here. In a similar way, the level acts as resistance during bearish periods, as investors start looking at their acquisition price as the ideal exit opportunity. From the chart, it’s visible that the Bitcoin spot price is approaching the STH realized price once again right now. This level, which is valued at $28,000 currently, could possibly be where Bitcoin can turn around its recent trend of decline. The analyst warns, however, “if the realized price of short-term holders fails to hold, the bull market may be over.” BTC Price At the time of writing, Bitcoin is trading around $28,900, down 1% in the last week.

According to Japanese-based crypto media outlet Coinpost, Binance will launch in Japan fully this month and intends to list 34 tokens on its exchange. This means the platform will offer more tokens than its local competitors in Japan, with major domestic exchanges Bitbank, GMO Coin, and Coincheck listing 30, 36, and 22 tokens, respectively. The largest crypto exchange by trading volume intends to list its native BNB token, making this the first time it will be available in the country. Some of the other tokens expected to be listed include Axie Infinity (AXS), Solana (SOL), and Avalanche (AVAX). A Remarkable Re-entry News of the re-entry into Japan was announced by the CEO of Binance via a Twitter video. According to him, the platform has been making efforts to re-enter the Japanese market for a while now. He was effusive with his praises and noted that since 2017, Japan had established crypto exchange regulations, including the recent stablecoin regulations enacted in June. He also stated it was “fantastic to see Japan being a leader in the Web3 regulatory environment.” He further added that Binance was glad to once again partake in the Japanese market after its purchase of the Sakura Exchange BitCoin (SEBC) platform in November last year. Following the acquisition, SEBC changed its name to Binance Japan Inc. The purchase of the exchange was instrumental in paving the way for the re-entrance of Binance in Japan. Binance will initially offer sport trading services. However, the exchange will not render leveraged trading services since this will require a Type 1 Financial Instruments Business license, with more restrictive standards. Additionally, cryptocurrency users in Japan will also be offered access to Binance Earn, a specially designed program that enables participants to earn interest on their cryptocurrency deposits. The exchange will also render Japanese crypto traders an opportunity to trade on its NFT marketplace. Major Regulatory Win for Binance This recent announcement marks a major regulatory win for Binance. In the recent past, the platform has faced various regulatory challenges and was recently made to drop its license application in Germany. In France, the exchange also faces regulatory investigations, with French authorities accusing Binance of being involved in offering illegal digital assets services and failing to curtail money laundering. Therefore, this latest announcement of a re-entry into the Japanese market heralds a major regulatory win for the embattled exchange.

Amid the turbulence, the Bitcoin price has finally fallen below the $29,000 support. This decline points to the bears taking over the market, but investor sentiment has not swung the way it normally would in such circumstances. Instead of swinging toward bearish momentum, investors are rather leaning toward greed, suggesting that they do not expect this decline to last. Bitcoin Fear & Greed Index Moves Toward Greed The Bitcoin Fear & Greed Index measures investor sentiment toward the market by taking into account things like surveys, social media posts, market volume, and volatility, among others. The aggregate of these metrics is then used to determine if investors are feeling bearish or bullish. The scale goes from 1-100 with 1-25 standing for extreme fear, 26-47 means fear, 54-75 means greed, and 76-100 represents extreme greed. The 48-53 level represents neutral sentiment, which is where the index has been for the last week. The direction in which the index points toward neutral is of interest here. On Monday, the index was sitting at a completely neutral score of 50. However, by Tuesday, the index is now sitting at a neutral score of 53. This move from 50 to 53 indicates that despite the price of BTC falling below $29,000, investors are still viewing it in a positive light. Otherwise, the index would’ve fallen below 50. Given this, the chances that the current decline will not last long are high. This is because investors being bullish about BTC means they’re likely to put more money into it. Once such buying pressure begins to mount, then BTC could recover above $29,000 once more. Attention Remains On BTC On Monday, Bitcoinist reported an 82% spike in Bitcoin’s daily trading volume, indicating renewed interest in the digital asset. This saw BTC’s trading volume climb to $10.8 billion, but the cryptocurrency has still not slowed down. BTC’s daily trading volume also saw another significant jump on Tuesday, rising 22% in the 24-hour period. This brought the digital asset’s daily volume to $13.4 billion at the time of writing. This continuous rise reiterates the rising interest in the asset, showing that the move in the Fear & Greed Index toward the greed territory is not a fluke. The volumes could point to accumulation among investors. And if this is the case, then BTC will likely recover over $29,000. A recovery above this mark would put the digital asset back on track to retest the $30,000 resistance before the weekend.

Bitgert (BRISE) revealed its first listing on the crypto exchange Atani. The cryptocurrency has gained around 28.53% in the last week. Bitgert (BRISE), a crypto engineering project, started this month with a sudden decline in its trading price. BRISE has experienced a decline of over 5.86% in the last 24 hours. The sudden decline has shocked the entire crypto market, as everyone expected it to reach new highs. In the last month, Bitgert has celebrated its second anniversary. As part of the celebration, the cryptocurrency announced its listing on the major crypto exchanges in August. The announcement boosted the confidence of the crypto community. Moreover, Bitgert has confirmed the development of a P2P exchange, which will commence on August 1, 2023. Bitgert (BRISE) Shows Sudden Decline The continuous development and listing of Bitgert are expected to reflect on its trading price in August. As per the announcement, Bitgert revealed its first listing on the crypto exchange Atani. At the end of July, BRISE experienced a massive surge and maintained bullish momentum for a week. Following the bullish momentum, cryptocurrency has gained around 28.53% in the last week. BRISE Price Chart BRISEUSDT is currently displaying a Flag and Pole Pattern, signaling a potential price rally. The BRISUSDT is approaching its trend line support level, and recent price action indicates a clear reversal from this support, suggesting a bullish continuation. If the price breaks above $0.0000003648, traders can anticipate a rally toward $0.0000004404 based on the pattern’s recent range. However, it is essential to consider the view being negated below $0.0000002823 to manage potential risks. While the entire crypto community was waiting for BRISE to surge, surprisingly, the cryptocurrency started declining at the start of August. The sudden decline of BRISE has sent shockwaves through the crypto community. However, according to the announcement, there are still a lot of listings and developments arriving in the coming days. That is expected to lift the BRISE trading price to a new high in August. At the time of writing, the trading price of Bitgert is $0.0000003239, with a decline of over 7.75% in the last 24 hours. However, the daily trading volume of BRISE has experienced a surge of 20.66%, according to CoinMarketCap. The bullish momentum is expected to return as Bitgert continues to engage with the community and prepares for an upcoming major listing later in the month.

AI agents will be the primary consumers of Ethereum blockspace by the 2030s, says Bankless Founder. ETH’s current price has fallen by 2% in the last 24 hours. Ryan Adams, Founder of Bankless recently tweeted on Ethereum blockspace stating that AI agents will get to the primary consumers by the 2030s. AI would serve the human nation with needed services is the expectation. As per him, effective services could include money, banking, property rights, contract law, capital information, and others as well. AIso, Ethereum is hugely supported to be used for Artificial Intelligence projects like Robots. He added, ‘Ethereum is a property rights system for the robots.’ Is Ethereum for AI Robots? The most popular altcoin, Ethereum is being considered to be used for Artificial Intelligence (AI) in the forthcoming years. On the other hand, Indian crypto Influencer Hitesh Malviya has commented that Ethereum would be the worst choice for AI. According to him, training with a small MNIST (Modified National Institute of Standards and Technology) neural network would preferably take approximately 8 minutes on laptops. Yet, if chosen with Ethereum, then it would prolong the training for approximately 80 days with a cost of around $32M. Ethereum’s Recent Activity This August would bring a breakthrough in Ethereum (ETH) price as the current market price drops around 2% in approximation with respect to today. However, the investors held in trading over a surge of 21.07% worth $5,683,165,628 with the 3rd position in ranking according to CoinMarketCap. Moreover, the domination of the red signal is higher comparatively than the green signal in the last 24H price chart. Ultimately, it depicts the bearish momentum in the ETH market. Ethereum (ETH) 24H Price Chart (Source: CoinMarketCap) The near future prediction of ETH price is expected to reach $2K. The price analysis of ETH prevails as it oscillates with a slight drop and plunge alternatively. If Ethereum blockspace is utilized for AI agents then the price would remark more than $2K nearly possible. Highlighted Crypto News Today: Ethereum Price Consolidates; Awaiting Potential Breakout

Binance delivered 1.41 billion Terra Luna Classic (LUNC) tokens to the burn address. 2.65 billion Terra Luna Classic tokens were burned by Binance in July. In the 12th round of the LUNC burn mechanism, Binance burned 1.41 billion Terra Luna Classic (LUNC) tokens. The most recent burn brings the overall number of LUNC tokens burned by the cryptocurrency exchange to 37 billion, and the total number of LUNC tokens burned by the community to over 71.5 billion. In a transaction dated August 1st, cryptocurrency exchange Binance delivered 1.41 billion Terra Luna Classic (LUNC) tokens to the burn address, helping to reduce the LUNC circulating supply. There is a 7.06 million LUNC transaction fee included. Nearly 37 billion Terra Luna Classic tokens have been burned by Binance so far, all from trading fees on LUNC spot and margin trading pairings. 2.65 billion Terra Luna Classic tokens were burned by Binance in July. Last month’s burn rate skyrocketed as optimism soared in the wake of the parity update, professor Edward Kim’s artificial intelligence app chain Block Entropy, and the USTC repeg plan. Price in Consolidation Phase Meanwhile, the community has burned over 70 billion LUNC tokens in the form of burns, having recently passed the 71.5 billion LUNC mark. On the other hand, LUNC and USTC prices fell by 2% and 7%, respectively. According to CMC, the price of LUNC is now trading at $0.00007941. The LUNC price is trapped inside a horizontal price range as per the daily chart. In order for the LUNC cryptocurrency to surge over the top threshold of the consolidation phase, more buyers are required. However, volume variation appears to be below average, and it should increase in favor of bulls. Highlighted Crypto News Today: Shiba Inu Community Burns Over 2B SHIB in a Month Ahead of Shibarium Launch

DUBLIN–(BUSINESS WIRE)–The “Blockchain AI Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. The global blockchain ai market grew from $0.39 billion in 2022 to $0.48 billion in 2023 at a compound annual growth rate (CAGR) of 25.1%. The blockchain ai market is expected to grow to $1.18 billion in 2027 at a CAGR of 25.2%. The main types of technologies used in blockchain AI are computer vision, machine learning (ML), and natural language processing (NLP). The blockchain AI is implemented in different verticals such as BFSI, telecom and IT, healthcare and life science, manufacturing, media and environment, automotive, and other sectors and is applied in smart contract, payment, data security, logistics and supply chain management, and business process optimization. This blockchain AI market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. Growing investment in Blockchain AI technology by enterprises is considered an emerging trend in the blockchain AI market. Artificial Intelligence refers to a machine that performs intelligent tasks performed by humans. Blockchain is a decentralized network of computers that records and stores data to display a chronological series of events on a transparent and immutable ledger system. The development of artificial intelligence applied to big data together with the security offered by blockchain technology creates the perfect combination for the management of large databases. Blockchain technology, in particular, has shown immense potential when coupled with machine learning functionality. Most companies that were experimenting with using AI are now going ahead and adopting it in their processes. Therefore, investing in blockchain technology by business enterprises plays a major role in the success of businesses. North America was the largest region in the blockchain AI market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the blockchain AI market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the blockchain AI market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The growing demand for accessing and managing data efficiently contributed to the growth of the blockchain AI market. Currently, most of the work has become digitalized and is mostly stored on the cloud, which is accessed and managed by blockchain AI. Blockchain AI convergence is inevitable because both the technology deal with data and value. Blockchain enables secure storage and sharing of data whereas AI can analyze and generate insights from data to generate value. For instance, Gainify is a healthcare platform that leverages AI, IoT devices, and blockchain and facilitates different tasks such as streamlining appointment scheduling, digital payments, identity verification, medical records management and others. It also allows the monetization of anonymous clinical data through a crypto payment system. The benefits of the deployment of blockchain AI in the process increased its demand and thereby contributed to the growth. The blockchain AI market includes revenues earned by entities by providing software tools to store and distribute organizational data in distributed immutable ledger systems using AI models to enhance the data security of organizations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. Major players in the blockchain AI market are Cyware Labs Core Scientific Ai-Blockchain AlphaNetworks Bext360 BurstIQ Neurochain Tech Figure Technologies NetObjex Fetch.ai Chainhaus CoinGenius Computable Key Topics Covered: 1. Executive Summary 2. Blockchain AI Market Characteristics 3. Blockchain AI Market Trends And Strategies 4. Blockchain AI Market – Macro Economic Scenario 4.1. COVID-19 Impact On Blockchain AI Market 4.2. Ukraine-Russia War Impact On Blockchain AI Market 4.3. Impact Of High Inflation On Blockchain AI Market 5. Blockchain AI Market Size And Growth 5.1. Global Blockchain AI Historic Market, 2017-2022, $ Billion 5.1.1. Drivers Of The Market 5.1.2. Restraints On The Market 5.2. Global Blockchain AI Forecast Market, 2022-2027F, 2032F, $ Billion 5.2.1. Drivers Of The Market 5.2.2. Restraints On the Market 6. Blockchain AI Market Segmentation 6.1. Global Blockchain AI Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion Computer Vision Machine Learning (ML) Natural Language Processing (NLP) Other Technologies 6.2. Global Blockchain AI Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion BFSI Telecom & IT Healthcare and Life science Manufacturing Media & Environment Automotive Other Verticals 6.3. Global Blockchain AI Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion Smart Contract Payment Data Security Logistics and supply chain management Business process optimization Other Applications 7. Blockchain AI Market Regional And Country Analysis 7.1. Global Blockchain AI Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion 7.2. Global Blockchain AI Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion For more information about this report visit https://www.researchandmarkets.com/r/85s4yg About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Contacts ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

SHIB community burns over 2 billion coins. SHIB holders are eagerly anticipating the launch of Shibarium. Shiba Inu whales are accumulating tokens in cold wallets, indicating their anticipation of a potential increase in SHIB’s value. The SHIB community has been active in recent times, leading to significant developments in the crypto world. A recent tweet from the Shibburn account revealed that over two billion Shiba Inu were successfully burned in the past month, with 410 transactions sending them to “inferno” wallets. This act of token destruction showcases the dedication of SHIB holders towards decentralized finance (DeFi) and the future of meme coins. The burns, including a smaller portion of 50,381,586 SHIB in the last 24 hours, have been noteworthy according to data from the Shibburn website. These burns were announced alongside the “summer of Shibarium,” an ambitious project by the SHIB team, focused on the forthcoming launch of the Layer 2 platform. The beta testing of the Shibarium Bridge has commenced, hinting at promising developments ahead. Shiba Inu whales withdrawing SHIB to cold storage Another significant development is the active acquisition of Shiba Inu coins by whales, who are storing them securely in cold wallets for long-term safekeeping. Santiment data reveals that a substantial 3.30 trillion Shiba Inu tokens have been transferred from crypto exchange wallets to self-custody wallets within the last month. This accumulation indicates the anticipation of a potential increase in SHIB’s value. The highly anticipated launch of Shibarium is scheduled for mid-August, with speculations suggesting it may coincide with the annual Blockchain Futurist Conference. The conference has historically gathered key players in the crypto and blockchain space, and the inclusion of ETH Toronto and ETH Women adds to the excitement for potential groundbreaking developments. After the activation of Shibarium, market enthusiasts expect a surge in the prices of all Shibarium tokens, particularly SHIB and BONE. BONE serves as the gas token for Shibarium, enabling efficient transactions on the blockchain and contributing to token burns. Looking ahead, the SHIB community envisions the possibility of burning trillions of Shiba Inu tokens weekly, further solidifying SHIB’s position in the crypto realm.

Bullish ENJ price prediction for 2023 is $0.3315 to $0.4673. Enjin Coin (ENJ) price might reach $3 soon. Bearish ENJ price prediction for 2023 is $0.1745. In this Enjin Coin (ENJ) price prediction 2023, 2024-2030, we will analyze the price patterns of ENJ by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Enjin Coin (ENJ) Current Market Status What is Enjin Coin (ENJ)? Enjin Coin (ENJ) 24H Technicals ENJIN COIN (ENJ) PRICE PREDICTION 2023 Enjin Coin (ENJ) Support and Resistance Levels Enjin Coin (ENJ) Price Prediction 2023 — RVOL, MA & RSI Enjin Coin (ENJ) Price Prediction 2023 — ADX, RVI Comparison of ENJ with BTC, ETH ENJIN COIN (ENJ) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Enjin Coin (ENJ) Current Market Status Current Price $0.2939 24 – Hour Price Change 2.60% Down 24 – Hour Trading Volume $15,036,031 Market Cap $293,860,722 Circulating Supply 1,000,000,000 ENJ All – Time High $4.85 (On Nov 25, 2021) All – Time Low $0.01562 (On Nov 03, 2017) LTC Current Market Status (Source: CoinMarketCap) Enjin Coin 24H Technicals (Source: TradingView) What is Enjin Coin (ENJ) TICKER ENJ BLOCKCHAIN Enjin Coin blockchain CATEGORY Public blockchain platform LAUNCHED ON June 2018 UTILITIES Governance, Fast Transactions, gas fees & rewards Enjin Coin (ENJ) is an ERC-20 token native to the Enjin platform, a gaming community platform. It was launched in 2017 on the Ethereum blockchain. The transactions of ENJ are secured in the network by the proof-of-work (PoW) mechanism. ENJ is used to buy, sell and trade NFTs in the Enjin ecosystem. Thus, these tokens serve primarily as utility tokens for backing NFTs. Users and developers can use Enjin (ENJ) to mint and create unique in-game NFTs. Along with ENJ, the Enjin ecosystem also has another token called Efinity token (EFI) which is the governance token of the native decentralized Enjin metaverse. Enjin ecosystem enables users to utilize its native blockchain products to create unique NFTs for businesses and especially in the gaming industry. Enjin Coin (ENJ) Price Prediction 2023 Enjin Coin (ENJ) ranks 105th on CoinMarketCap in terms of its market capitalization. The overview of the Enjin Coin price prediction for 2023 is explained below with a daily time frame. ENJ /USDT Descending Channel Pattern (Source: Tradingview) In the above chart, Aptos (APT) laid out an Ascending Triangle. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern. At the time of analysis, the price of Enjin Coin (ENJ) was recorded at $0.3. If the pattern trend continues, then the price of ENJ might reach the resistance levels of $0.3269 and $0.4374. If the trend reverses, then the price of ENJ may fall to the support of $0.2437. Enjin Coin (ENJ) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Enjin Coin (ENJ) in 2023. ENJ/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Enjin Coin (ENJ) for 2023. Resistance Level 1 $0.3315 Resistance Level 2 $0.4673 Support Level 1 $0.2303 Support Level 2 $0.1745 ENJ Resistance & Support Levels Enjin Coin (ENJ) 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 (ENJ) are shown in the chart below. ENJ /USDT RVOL, MA, RSI (Source: Tradingview) From the readings on the chart above, we can make the following inferences regarding the current Enjin Coin (ENJ) 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 = $0.2945Price = $0.3029 (50MA<Price) Bullish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 49.46 <30 = Oversold 50-70 = Neutral >70 = Overbought Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Enjin Coin (ENJ) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Enjin Coin (ENJ) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). ENJ /USDT ADX, RVI (Source: Tradingview) From the readings on the chart above, we can make the following inferences regarding the price momentum of Enjin Coin (ENJ). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 20.07 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 40.14 <50 = Low >50 = High Low volatility Comparison of ENJ with BTC, ETH Let us now compare the price movements of Enjin Coin (ENJ) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs ENJ Price Comparison (Source: Tradingview) From the above chart, we can interpret that the price action of ENJ is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ENJ also increases or decreases respectively. Enjin Coin (ENJ) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Enjin Coin (ENJ) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Enjin Coin (ENJ) Price Prediction 2024 $5 $2 Enjin Coin (ENJ) Price Prediction 2025 $7 $1 Enjin Coin (ENJ) Price Prediction 2026 $9 $0.8 Enjin Coin (ENJ) Price Prediction 2027 $11 $0.6 Enjin Coin (ENJ) Price Prediction 2028 $13 $0.4 Enjin Coin (ENJ) Price Prediction 2029 $15 $0.2 Enjin Coin (ENJ) Price Prediction 2030 $20 $0.1 Conclusion If Enjin Coin (ENJ) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Enjin Coin (ENJ) price prediction for 2023 is $0.4673. Comparatively, if unfavorable sentiment is triggered, the bearish Enjin Coin (ENJ) price prediction for 2023 is $0.1745. If the market momentum and investors’ sentiment positively elevates, then Enjin Coin (ENJ) might hit $3. Furthermore, with future upgrades and advancements in the Enjin Coin ecosystem, ENJ might surpass its current all-time high (ATH) of $4.85. and mark its new ATH. FAQ 1. What is Enjin Coin (ENJ)? Enjin Coin (ENJ) is the native cryptocurrency of the Enjin Coin Network. It was launched as an ERC-20 token in 2017. It majorly is deployed in backing the NFTs in the gaming platform associated with Enjin. 2. Where can you purchase Enjin Coin (ENJ)? Enjin Coin (ENJ) has been listed on many crypto exchanges which include Binance, OKX, WEEX, Deepcoin, and Bybit. 3. Will Enjin Coin (ENJ) reach a new ATH soon? With the ongoing developments and upgrades within the Enjin platform, ENJ has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Enjin Coin (ENJ)? On November 25, 2021 Enjin Coin (ENJ) reached its new all-time high (ATH) of $4.82. 5. Is Enjin Coin (ENJ) a good investment in 2023? Enjin Coin (ENJ) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Enjin in the past few months, ENJ is considered a good investment in 2023. 6. Can Enjin Coin (ENJ) reach $3? Enjin Coin (ENJ) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Enjin Coin (ENJ) will hit $3 soon. 7. What will be Enjin Coin (ENJ) price by 2024? Enjin Coin (ENJ) price is expected to reach $5 by 2024. 8. What will be Enjin Coin (ENJ) price by 2025? Enjin Coin (ENJ) price is expected to reach $7 by 2025. 9. What will be Enjin Coin (ENJ) price by 2026? Enjin Coin (ENJ) price is expected to reach $9 by 2026. 10. What will be Enjin Coin (ENJ) price by 2027? Enjin Coin (ENJ) price is expected to reach $11 by 2026. Top Crypto Predictions Cardano (ADA) Price Prediction 2023 Bitcoin Cash (BCH) Price Prediction 2023 Litecoin (LTC) 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.

LAS VEGAS–(BUSINESS WIRE)–$AP #29th_Annual—BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Company”), announces that BitNile.com has been announced as the title sponsor, providing naming rights, for the annual NTT INDYCAR SERIES event at Portland International Raceway (“PIR”), Sept. 1-3, 2023. The Labor Day weekend motorsport festival headlined by the 110-lap penultimate race of the NTT INDYCAR SERIES season will be called the “BitNile.com Grand Prix of Portland.” Starting at 10:00 a.m. PT tomorrow, Aug. 2, 2023, single-day tickets go on sale for the three-day event at PIR featuring 10 total races from five different series. Ticket prices start as low as $25 for single-day general admission and $70 for single-day grandstand seats. Three-day tickets remain available for purchase and offer the best value. Fans should visit portlandgp.com to buy tickets for the BitNile.com Grand Prix of Portland weekend. BitNile.com, owned by BitNile Metaverse, is a rapidly growing virtual world with over 1.4 million engaged users. Earlier this year, the platform debuted social gaming with the launch of roulette, offering users an opportunity to play for fun or real money prizes, and the site also allows gamers the opportunity to drive on virtual racetracks including the Indianapolis Motor Speedway. BitNile.com also sponsors Ed Carpenter Racing, an NTT INDYCAR SERIES team that will be represented by Indianapolis 500 winner Ryan Hunter-Reay and Rinus VeeKay in the BitNile.com Grand Prix of Portland. “I firmly believe that the BitNile.com Grand Prix of Portland embodies the essence of innovation and technology, mirroring the cutting-edge nature of the metaverse world we operate,” stated Milton “Todd” Ault III, Executive Chairman of BitNile.com. “By sponsoring this thrilling event at Portland International Raceway, we aim to share our passion for technological advancement with the world, creating an electrifying experience for IndyCar fans both at the track and in the metaverse.” The 2023 BitNile.com Grand Prix of Portland marks the 29th running of this event, adding to the rich history of open-wheel racing in the Rose City. The NTT INDYCAR SERIES headlines the weekend and takes the green flag Sunday, Sept. 3, in a late-season race that could decide and finalize the championship chase. The series points leader after the completion of the past four Portland rounds (2018, 2019, 2021 and 2022) has gone on to claim the NTT INDYCAR SERIES championship. “We are thrilled to welcome our new title sponsor and partner BitNile.com to the team!” said Jerry Jensen, general manager of Green Savoree Portland, which owns and operates the event at PIR. “BitNile.com is already such a great supporter of IndyCar racing through their sponsorship of Ed Carpenter Racing. With this new partnership, we look forward to growing this event, building off a strong foundation of classic IndyCar races dating back to 1984, with invaluable support from BitNile.com.” This year’s field will feature returning race winners Scott McLaughlin (2022), Alex Palou (2021) and Will Power (2019). The grid will boast other notable drivers such as 10-year Formula One veteran Romain Grosjean and, including Power, eight Indianapolis 500 winners: this year’s winner Josef Newgarden, four-time winner Helio Castroneves, 2008 winner and six-time NTT INDYCAR SERIES champion Scott Dixon, Marcus Ericsson, Ryan Hunter-Reay, Simon Pagenaud and Alexander Rossi. The three top open-wheel development series that feed into the NTT INDYCAR SERIES will also race at PIR on Labor Day weekend. INDY NXT will battle on Sunday, Sept. 3, for 35 laps on the 1.964-mile, 12-turn permanent road course. Drivers from USF Pro 2000 Presented by Cooper Tires and USF2000 Presented by Cooper Tires will contend for championships as both series conclude their seasons with tripleheader races across the weekend. Additionally, the U.S. Touring Car Championship will add exciting sports car action to the event lineup. Children 12 and under receive free general admission to the event. This also includes complimentary access to the NTT INDYCAR SERIES Paddock throughout the weekend when accompanied by a ticketed adult. PIR is located less than a tenth of a mile from a public transit stop – the Delta Park/Vanport MAX Station on TriMet’s MAX Yellow Line – making a trip to the track exceptionally affordable for families. For all ticket pricing, grandstand locations and additional festival information, visit portlandgp.com. Stay up to speed on the BitNile.com Grand Prix of Portland on social media all year long by following #PortlandGP. For more information on BitNile Metaverse and its subsidiaries, BitNile Metaverse recommends that stockholders, investors, and any other interested parties read BitNile Metaverse’s public filings and press releases available under the Investor Relations section at www.BitNile.net or available at www.sec.gov. About BitNile Metaverse, Inc. Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of BitNile.com, Inc., including the BitNile.com metaverse Platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BNC, BitNile Metaverse also owns three non-core subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) indirectly; 100% of Zest Labs, Inc. directly; and approximately 89% of Agora Digital Holdings Inc. directly. BitNile Metaverse also owns approximately 70% of White River Energy Corp (OTCQB: WTRV). Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and BitNile Metaverse will not undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the acceptance of the Platform by individuals, competition with much larger companies operating metaverses and BitNile Metaverse’s ability to raise capital, investors should review risk factors, that could affect BitNile Metaverse’s business and financial results which are included in BitNile Metaverse’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, Forms 10-K, 10-Q and 8-K. All such filings are available at www.sec.gov and on the Company’s website at www.BitNile.net. Contacts [email protected] or 1-800-762-7293