Plugin (PLI) Surges 13.72% in 24 Hours. Plugin operates as a secure and efficient Oracle Platform within XinFin XDC Network. PLI’s market cap at $2,833,419, available for trading on ProBit Global, Bitrue, and HitBTC with various pairs. Plugin (PLI) has been making waves with a significant price surge over the last 24 hours. The live price of Plugin today stands at $0.0465, marking a remarkable increase of 13.72% in a single day. This surge has been accompanied by a 24-hour trading volume of $67,020.90, reflecting the heightened interest and activity around this cryptocurrency. Source: CoinMarketCap Plugin (PLI) is a decentralized Oracle Platform that operates within the XinFin XDC Network Ecosystem. It provides cost-effective solutions to any smart contract, enabling them to connect with real-time world data. The data received from the feed provider is trustworthy, maintaining a high degree of security. The off-chain computation performed by Plugin takes care of receiving feeds from multiple providers and aggregates the same, ensuring a seamless and efficient operation. Market Statistics The market cap of Plugin currently stands at $2,833,419, with a self-reported circulating supply of 60,934,497 PLI. The total supply and the maximum supply of PLI are both capped at 500,000,000 PLI. The fully diluted market cap is $23,249,716. For those interested in trading Plugin, the top cryptocurrency exchanges include ProBit Global, Bitrue, and HitBTC. These platforms offer various trading pairs, including PLI/USDT, providing traders with flexibility and options. The recent price surge of Plugin (PLI) reflects the growing interest and confidence in this decentralized Oracle Platform.

The U.S Fed yesterday announced an interest rate hike of 25bps. The more stringent monetary policy is having an immediate effect, notably on bank lending. Investors are wondering whether today’s announcement of a 0.25% hike in the European Central Bank’s benchmark interest rate is the final one of the year despite persistently high inflation. Since last summer, the ECB has tightened policy by 400 basis points, the most rapid pace in the bank’s history. With loan demand at an all-time low and economic indicators pointing to a slowing primary interest rate, many predicted the European Central Bank (ECB) would increase its primary interest rate (the deposit rate) to 3.75%. Hampering Economic Growth Rapidly rising interest rates might hamper lending in the Eurozone and, by extension, economic growth. Eurozone economies are mostly bank-financed since their capital markets are less established and liquid than those in the United States. The more stringent monetary policy is having an immediate effect, notably on bank lending, according to Philip Lane, chief economist at the European Central Bank. People in the region are increasingly looking to Bitcoin and other cryptocurrencies as a means of escape from the rising prices. With the implementation of Markets in Crypto Assets (MiCA) legislation, the European crypto sector is now more approachable for investors. On the other hand, the U.S. Fed yesterday announced an interest rate hike of 25bps. No decisions on future rate hikes or pauses have been taken, Fed Chairman Jerome Powell stated at his post-meeting press conference. Moreover, he emphasized that the central bank would remain very data-reliant moving ahead. Among other things, he pointed out that the Fed would have two more data on employment and two more reports on inflation to consider before its upcoming rate-setting meeting in September. Highlighted Crypto News Today: Stellar(XLM) Surpasses Bitcoin With Most Crypto Off-Ramps

Data shows the PEPE whales have been buying the meme coin as its price has observed a sharp 13% rally during the past 24 hours. PEPE Whales Have Bought 1.56 Trillion Tokens During The Last Day After consolidating straight for more than a month, the meme coin based on the popular internet frog avatar finally buckled a few days back and saw a sharp decline, as did others in the sector like Bitcoin and Ethereum. The asset extended this decline in the days that followed, but the downtrend this time was much more gradual. And yesterday, the coin may have found its bottom, as it has observed a sharp surge since then. While the rise in the meme coin’s price has been rapid, the asset has still not fully recovered to the levels it had been at before the earlier plummet. But nonetheless, if PEPE can keep this momentum up, it’s possible that it might retest those levels soon enough. This latest rally has come as whales have been participating in some buying activity. According to Lookonchain on Twitter, an account that keeps track of moves being made by smart-money holders, two whales have bought sizeable portions of the meme coin using Ethereum during the past day. The first of these humongous investors made a total purchase of around 874 billion PEPE using 600 ETH ($1.12 million), and at the time this holder made the transactions, the meme coin was floating around $0.000001286, meaning that by now, the investor would have made a profit of more than 9%. As a Twitter user in the comments has pointed out, this whale (who goes by “yougetnothing.eth”) has been quite the enthusiastic altcoin trader during the last three months. The other whale who made a large PEPE purchase today was a little late to the party, as they bought 658 billion PEPE with 500 ETH ($938,000) while the meme coin’s price was trading around $0.000001366. This holder is also in profit, obviously, but their gains would be just around 3% at the moment, notably less than what the other whale would have managed to make. The latest rise in PEPE has come as the original meme coin, Dogecoin, has also been enjoying bullish winds recently. While the former is still significantly in the red in the past week, the latter has outperformed the top assets with its 15% gains. PEPE Market Cap The sharp 13% surge during the past day has naturally meant that the meme coin’s standing in the wider cryptocurrency market has improved. At present, PEPE is 71st on the market cap list, as its total valuation is around $552 million currently. At the time of writing, PEPE is trading around $0.000001408, up 13% in the last day.

Fashion brand Lacoste has unveiled an exclusive Ethereum-based virtual store for NFT holders as the brand aims to give its NFT holders an immersive experience for the summer. The virtual store, created by retail technology developer Emperia, will integrate the traditional retail experience with digital innovations exclusive to users holding Lacoste’s UNDW3 NFT passes. An Insight Into UNDW3 & Lacoste’s Virtual Store Lacoste’s UNDW3 NFT holders will have exclusive access to the virtual store. UNDW3 is an NFT-based loyalty program the French brand released in June (similar to that of Starbucks). Holders will access the virtual store through Lacoste’s e-commerce platform. The digital store gives an immersive experience right from the beginning; Shoppers enter through Lacoste’s iconic crocodile, which will lead them to a tiled boutique. These shoppers also get to enjoy the beach view in the digital store from its outdoor pool area. Related Reading: Singaporean Judge Declares Crypto Is Personal Property In ByBit Case Lacoste’s summer apparel collection will also be on display throughout the experience, and visitors can make a purchase at any time. There is also a crocodile-themed scavenger hunt game these shoppers can participate in. Additionally, there is an exclusive underwater VIP space that only UNDW3 holders can access. These users will need to unlock this space by an email login or by connecting the digital wallet which contains the NFT. Furthermore, Lacoste’s exclusive UNDW3 apparel collection is available on sale in the VIP space. There is more to it as it exemplifies the growing Phygital trend among fashion brands. Each piece from the exclusive UNDW3 apparel collection has a tokenized equivalent (in the form of an NFT). Holders can scan a QR code that unlocks an augmented reality (AR) feature, adding a more immersive angle to the shopping experience. Lacoste & Emperia’s Collaboration It is worth mentioning that this isn’t the first time Lacoste and Emperia have collaborated on a virtual shopping experience. Emperia had previously helped Lacoste build a token-gated gamified experience for UNDW3 NFT holders. This shoppable activation, which launched in December 2022, won a Webby Award earlier this year. Speaking on the blissful relationship with Lacoste, Emperia’s co-founder, and CEO Olga Dogadkina said: The phygital trend continues to grow in the fashion world and has become one of the biggest benefits of Web3 to the industry. Fashion brands like Nike have also in the past launched projects that help give their customers a feel of the physical and digital realms together.

Arguably the most important takeaway from yesterday’s FOMC meeting was that the U.S. Federal Reserve (Fed) is no longer forecasting a recession, which led to a cautious rally in Bitcoin and crypto markets today. Fed Chairman Jerome Powell’s statement during the FOMC press conference seems to have eased investor concerns, leading to a swift recovery in both tradfi and crypto. However, historical data suggests that caution may be warranted as the potential for recession remains a looming concern (although Powell said otherwise). Signals For A Recession Remain Strong Prominent financial experts have raised their voices about the current economic situation. Steven Anastasiou, a noted economist, warns about the significance of the recent decline in the annual average M2 growth, which stands at -2.7% YoY. He draws parallels with some of the most challenging economic periods in history, stating, “With M2 falling, history suggests that continuing with aggressive tightening is a dangerous proposition… a falling M2 money supply has generally been correlated with economic depressions & panics.” Anastasiou also highlights the deflationary pressures in the economy, as reflected by the 12 consecutive monthly declines in the US Consumer Price Index (CPI) growth rate. Drawing parallels to a deflationary bust seen in 1920-21, he emphasizes that “now is not the time to be delivering any additional tightening.” As we know, Powell did the opposite yesterday, raising the federal funds rate to a level not seen in 22 years. Jurrien Timmer, director of global macro at financial giant Fidelity, shared insights from historical data on recessions. He notes that the lead times between changes in monetary policy and the subsequent economic consequences can vary significantly. Looking at past cycles, he observes, “The monetary policy cycle tends to lead the economic consequences to varying degrees.” The lead time ranged from 2 months to as much as 19 months, depending on the economic circumstances. During the 1970 cycle (when structural inflation was getting underway and the Nifty Fifty was born), “peak policy” led the recession by 19 months. In 1973-74, it was only 2 months. In 1990, (the S&L crisis), it was 16 months. In 2001, (tech bubble) it was 3 months, and in 2008 (GFC) it was 14 months. Another warning signal is the inverted yield curve, known for reliably foreshadowing economic recessions. The inverted yield curve is currently hitting levels unseen in over 40 years (since 1981), screaming recession. Gold bug Peter Schiff therefore remarked: Impact On Bitcoin And Crypto Amidst these economic concerns, the crypto is writing green numbers across the board. However, a recession is meaning uncertainty for Bitcoin. Unlike traditional assets, Bitcoin has not experienced a recession, leaving investors uncertain about its resilience in times of economic turbulence. While some tout Bitcoin’s “safe haven” potential, others argue that it might behave more like a risk asset, making it less attractive during a recession. Macro analyst Henrik Zeberg and the founders of Glassnode, Yann Alleman and Jan Happel, believe that “we are going to have the largest Crisis since 1929. First Deflation – later Stagflation. But first – #BlowOffTop”. In this scenario stocks, Bitcoin and crypto could rally hard before a recession “suddenly” hits the market. However, no one knows how the economy will react this time. Therefore, the coming two months and their macro data (CPI, PCE, jobs, unemployment rate, earning, etc.) will be indicators for Bitcoin and crypto investors to follow (just as J-Pow tirelessly repeated yesterday – “data dependency”). At press time, the Bitcoin price continued its slow grind up, trading at $29,523.

BTC whales transacted a huge count to unknown addresses. Bitcoin struggles to reach $30K, prolonging its oscillation in a surge. Being the most popular cryptocurrency, Bitcoin (BTC) has set its back soaring higher compared to the previous year. As per the reports of the whale alert, a huge number of whales are activated transferring Bitcoin, on Thursday with a transaction fee of 0.00002938 BTC worth 0.86 USD. The whale has transacted through a hash address called ‘e0732fb6bbd..0638947d11’. Meanwhile, the sender has sent through the cryptocurrency exchange, Binance from ‘178APgmkT6…SiyrH7Fqu6’ to the receiver ‘1PgK9xduNJ…W2wLVTMKiv’. A whole of 2,459 BTC at the current market price value of 72,661,201 USD is sent to an unknown wallet in Binance. The crypto community is stunned by such huge BTC transactions and this has brought curiosity to the crypto market. Collaboratively, another BTC whale has moved 850.01 BTC to an unknown address with a transaction fee of 0.00002712 BTC (0.79 USD). This transaction happened from another sender address ‘1EZF2PDyLK…ZbxQbfvQ2g’ to the same receiver mentioned above. This seems that the receiver from Binance has stacked a set of large numbered BTC in the wallet. This anonymous transaction highlights the most effective whale alert among the crypto community. Current Status of BTC According to CoinMarketCap, the price of BTC has surged to 0.58% with the market capitalization worth $572,483,733,903 at the time of writing. Moreover, the trading volume has kept increasing by more than a quarter percent which is exactly 26.29%. Bitcoin (BTC) 24H Price Chart (Source: CoinMarketCap) Throughout the day, the price graph points bullish rather than the bearish state; with a dominating green signal. The BTC miners are facing difficulty yet the trade and demand kept skyrocketing over 92.57% of the current market supply. When compared to the last 7 days, the market capitalization slopes down from the middle of the week and tries to rush high as possible. Currently, BTC’s market cap ranks the first position in the CMC. Highlighted Crypto News Today: Bitcoin (BTC) Price Prediction

Notable surge in Shiba Inu’s market activity: Transactions exceeding $100,000 rose by 197% in the last 24 hours, totaling $12.54 million. Large-holder net flows on the rise: In the past week, a significant 326% increase in net flows suggests changes in whale and investor positions. Shiba Inu price rebounds and Shibarium beta bridge launch: SHIB’s price climbed after hitting a low of $0.0000077 on July 26. Shiba Inu’s market has seen notable activity from larger holders, with a 197% increase in transactions exceeding $100,000 over the last 24 hours, as reported by IntoTheBlock, an on-chain analytics service. The total value of these large transactions amounted to $12.54 million on the previous day, showing a substantial surge in comparison. Such increases in transaction volume often reflect significant actions taken by whales, whether buying or selling, given the insights they provide into on-chain behavior. Shiba Inu large holder inflow surge In the past week, there has been a significant 326% rise in large-holder net flows, indicating changes in the positions of both whales and investors. These netflow surges could be interpreted as accumulations by larger holders or whales. Shiba Inu’s price experienced a rebound, climbing from its recent low of $0.0000077 on July 26. At the time of publication, SHIB was slightly up, trading at $0.00000788, reaching intraday highs of $0.00000794. Amidst recent market activity, the Shiba Inu community celebrated the launch of the Shibarium beta bridge. This new cross-chain protocol enables users to transfer assets from the ETH network to the Shibarium network and facilitates the deposit and withdrawal of assets between the two networks. The beta launch allows the public to test the bridge’s functionality and report any issues or bugs they encounter.

Bitcoin may be at a decision point right now as investor sentiment is exactly neutral. Which way will the market tip in the coming days? Bitcoin Fear & Greed Index Suggests Market Is Neutral A few days back, Bitcoin had observed a sharp plunge that had taken the cryptocurrency’s value towards the $29,000 level. In the days that followed, the asset had only consolidated around these relatively low levels, but during the last 24 hours, things appear to have changed a bit. The impetus for this latest volatility appears to have been the US Federal Reserve (Fed) hiking interest rates by an expected 25 bps. Shortly after the FOMC meeting had announced this increase, Bitcoin started to surge, giving investors hope that the coin may be traveling back toward the $30,000 level. This new rise, however, seems to have already run out of steam, as BTC has fallen back to lower levels. At the time of writing, Bitcoin is trading around $29,400, down 2% in the past week. While Bitcoin has retraced from its peak during the past day, the cryptocurrency is still up a net amount in this period, meaning that the asset has managed to hold onto some recovery nonetheless. The fact remains, though, that the coin has been unable to keep up its upward trend, a sign that the market is still perhaps indecisive about its direction. This is reflected in the general investment sentiment in the space, as the “Fear & Greed Index” shows. The Fear & Greed index makes use of various market-related metrics (like volatility, dominance, and volume) to judge what the most likely sentiment of the average participant in the sector is currently. This index has a value of 51 right now, which means that the Bitcoin investor sentiment is almost exactly in the balance. This lack of direction in the market isn’t a new development; the investors have been leaning towards neutrality for a week or so now. The current neutral sentiment must not be confused with a lack of interest in Bitcoin, however, as data from the on-chain analytics firm Santiment shows that the share of social media discussions related to the 100 largest assets in the cryptocurrency sector occupied by BTC alone (the “social dominance“) is now at a two-week high. The traders look to have an active interest in Bitcoin at the moment, but their collective opinion isn’t favoring any one side. In situations like these, it’s generally hard to say which way the cryptocurrency might go in next. Related Reading: Bitcoin Exchange Supply Only Slips Further Despite Price Decline If this indecisiveness in the market stays in the coming days, though, it’s likely that BTC’s stagnation will continue further, as moves in either direction (if any) may not be able to go on for long.

New joint solutions automate infrastructure management and provisioning of self-service developer tools to accelerate cloud-native and AI / machine learning development, deployment and scalability WEST PALM BEACH, Fla.–(BUSINESS WIRE)–Today, Vultr, the world’s largest privately-held cloud computing company, announced the latest ecosystem partner to join its Cloud Alliance, Zeet, the integrated DevOps and deployment product for DevOps, SRE, and software development teams. Integrated with Vultr composable cloud infrastructure, Zeet provides comprehensive site reliability engineering (SRE) and DevOps services empowering developer and engineering teams to spin up high-performance cloud compute instances and services. Teams can manage infrastructure and services and easily coordinate deployments using the latest cloud-native technologies such as Kubernetes, serverless, Terraform, Docker, and Helm. SRE and DevOps teams can now create reusable infrastructure components that application developers can deploy in a self-serve way. Zeet joins Cloud Alliance partners Cloud 66, Backblaze, Domino Data Lab, and Console Connect, along with an ecosystem of IaaS, PaaS, and SaaS providers, to provide composable cloud services to enterprises and startups alike so they can scale and meet their needs at every stage. “The Zeet-Vultr partnership tackles cloud deployment challenges head-on,” said Johnny Dallas, founder and CEO of Zeet. “Our simplified interface enables DevOps, SRE, and development teams to unleash their cloud potential with global deployment that takes under 60 seconds, eliminating the learning curve and errors in cloud engineering. By seamlessly integrating with Vultr composable infrastructure, our platform provides efficient infrastructure management in any cloud-native environment.” Vultr and Zeet streamline development and infrastructure management, slashing setup time from months to days. The integrated joint solutions cater to various use cases, including AI and machine learning (ML), serverless, and containerized architecture. Zeet simplifies infrastructure management, offers powerful hardware resources, enables efficient scaling, optimizes costs, and facilitates ML model deployment across multiple cloud providers. With Zeet’s Docker and Kubernetes Manifest Blueprints, containerized services get created in seconds. Vultr’s compute options, all available from directly within the Zeet dashboard, and Zeet’s API-driven configuration ensure seamless integration into any environment. The solution’s user-friendly control panels and monitoring dashboards simplify cloud management and enhance application observability allowing businesses to focus on growth. Vultr and Zeet combine high-performing cloud infrastructure with an all-in-one automated DevOps platform that gives startups and growing enterprises the autonomy to build and deploy enterprise-grade solutions quickly and cost-effectively, as well as: Framework, language, deployment runtime, and infrastructure options: Zeet’s versatile deployment platform supports the creation of reusable infrastructure components that application developers can deploy in a self-serve way, supporting legacy, bleeding edge, or infrastructure as code tooling. Vultr enables on-demand composable cloud infrastructure to scale up or down for workflows and applications. Managed development platform and cloud infrastructure: With Vultr and Zeet, users can skip complex configuration setups. Zeet is pre-configured as a ready-to-go internal developer platform (IDP). Vultr allows instant instance creation with one click. High-performance computing available everywhere: With availability across multiple regions worldwide, with local accessibility for developer teams in 32 Vultr cloud data center locations across six continents, businesses can ensure data residency compliance and benefit from low-latency edge computing. “Vultr empowers customers with best-in-class cloud infrastructure and services to easily build and scale their cloud-native operations,” said J.J. Kardwell, CEO of Vultr. “Through partners like Zeet in our Cloud Alliance, organizations can seamlessly integrate and transition to cloud-native operations, eliminating concerns about infrastructure updates and complexities.” To learn more about the Zeet and Vultr partnership, visit: here. For more information on the Vultr Cloud Alliance, visit: here. About Zeet Zeet is an all-in-one automated DevOps platform across the major public cloud vendors. Zeet empowers developers to ship in minutes, scale to millions of users, and deploy across multiple cloud vendors. For more information or a demo, please visit: https://zeet.co/ and follow Zeet on Twitter. About Constant and Vultr Constant, the creator and parent company of Vultr, is on a mission to make high-performance cloud computing easy to use, affordable, and locally accessible for businesses and developers around the world. Vultr has served over 1.5 million customers across 185 countries with flexible, scalable, global Cloud Compute, Cloud GPU, Bare Metal, and Cloud Storage solutions. Founded by David Aninowsky, and completely bootstrapped, Vultr has become the world’s largest privately-held cloud computing company, without ever raising equity financing. Learn more at www.constant.com and www.vultr.com. Contacts Erin Zwirn [email protected]

Shiba Inu’s development team has announced a significant advancement in the SHIB ecosystem. With the introduction of the Shibarium Bridge, users will have a new way to interact with the ecosystem. However, as this technology is still in its beta phase, the team behind Shiba Inu (SHIB) is urging the community to exercise caution. A team representative known as Lucie recently announced the Shibarium Bridge’s beta release. This addition to the Shibarium network was first introduced to the public in April and has since progressed from being partially functional to undergoing public testing. Shibarium Bridge: New Level Of Interoperability? Constructed on the foundation of Plasma Bridge technology, the Shibarium Bridge presents a noteworthy degree of cross-functionality between Shibarium and Ethereum. By employing a collection of proof-of-stake validators, this bridge paves the way for Shiba Inu users to execute transactions with a reduced need for intermediaries and a diminished risk profile. Related Reading: Shibarium Reaches New Milestones As Anticipation Builds For Mainnet Launch The bridge is also compatible with the ERC-20 token standard, the prevalent token format within the Ethereum network. Notably, the Shibarium Bridge is expected to serve as a solution for scaling, an indispensable facet for any blockchain network aiming to manage substantial transaction volumes without compromising speed or efficiency. While the beta release of Shibarium Bridge marks a significant milestone, it comes with a word of caution from the SHIB team. Lucie urged users not to use real tokens while the technology remains in its beta phase, including the currently running Shibarium beta Puppynet. In addition to this, Lucie underscored the crucial necessity of validating the legitimacy of any site prior to tethering crypto wallets, as a protective measure against possible fraudulent activities. Maintaining security continues to be paramount for individuals within the realm of digital assets. These advisories from the team function as a reminder to users to uphold their vigilance when exploring new advancements in technology Shibarium Launch Inches Closer In a recent blog post, Shiba Inu’s chief developer, Shytoshi Kusama, hinted at an exciting revelation. He announced that the Blockchain Futurist Conference and ETHToronto will serve as stages to unveil the much-anticipated layer-2 solution, Shibarium. These events will not only showcase Shibarium but will also present the completed Worldpaper and offer insights into Treat. Additionally, they will highlight projects that bear the SHIB brand. The Lead Dev noted: Meanwhile, Shiba Inu (SHIB) has been on an upward trend over the past 24 hours. The dog-themed meme coin has risen by nearly 1% and is currently trading for $0.00000788 at the time of writing. The asset’s trading volume has however recorded a slight decline in the past week from $100 million seen last Thursday to $81.3 million in the past 24 hours. Featured image from Shutterstock, Chart from TradingView

The crypto community is abuzz as Tradecurve (TCRV), currently in its presale phase, is rapidly gaining attention for its potential to disrupt the market. The question on everyone’s minds: could this be the new Binance (BNB) or Aave (AAVE)? Let’s assess whether it has what it takes to compete with, or possibly surpass, these established giants in the crypto landscape. >>Register For The Tradecurve Presale<< Binance (BNB): From Exchange Token to Global Powerhouse Binance (BNB) is currently navigating treacherous regulatory waters as it wrestles with the rules enforced by the Markets in Crypto-Assets (MiCA) and U.S SEC. This has led to Binance (BNB) being investigated for 13 violations within the U.S. and told to halt its operations in certain European countries, including the Netherlands. Given these circumstances, the Binance (BNB) token has understandably taken a beating. From trading at a comfortable $308 on June 5th, Binance (BNB) plummeted to $221 in just a matter of days. Despite a modest rebound to $245 at the time of writing, the path ahead for Binance (BNB) seems fraught with challenges. Its price trajectory will likely be strongly influenced by how Binance (BNB) addresses these regulatory hurdles and works toward restoring user trust. Analysts note that the $200 level is extremely significant for Binance (BNB) as it has been the lower bound of its range for the past year. If Binance (BNB) fails to hold this level, then further downward momentum to $100 is likely. Aave (AAVE): Pioneering DeFi and Lending Markets The Aave (AAVE) protocol is another DeFi project building a robust ecosystem of decentralized applications on Ethereum (ETH). Since launching in January 2020, Aave (AAVE) has quickly become one of the most popular DeFi protocols with a total value locked exceeding $5.75 billion at the time of writing. However, Aave (AAVE) comes with a number of limitations. Unlike Tradecurve, which will offer forex, commodities, indices, and crypto trading from a single platform, Aave (AAVE) is limited to crypto-based lending and borrowing. The Aave (AAVE) team needs to expand its services to remain competitive with Tradecurve, which could pressure the Aave (AAVE) token. Currently, Aave (AAVE) is trading around $69, marking an increase of 38% since the beginning of the year, when it was at $50. Analysts note that Aave (AAVE) oscillates within a descending triangle, with a bullish breakout likely resulting in a test of the $100-120 level. Tradecurve (TCRV) Quickly Gaining Attention: Exploring the Hype As an emerging leader in the trading sphere, Tradecurve is challenging traditional boundaries by providing investors with a platform to trade a wide array of assets, including stocks, cryptocurrencies, commodities, and forex. All these can be traded from a single, user-friendly account. Tradecurve truly sets itself apart by allowing traders to maintain their anonymity without sacrificing their security, with users requiring only a DeFi wallet and the necessary crypto collateral to kickstart their trading journey. Some analysts believe Tradecurve could mirror this growth pattern of Binance (BNB), which launched at $0.11 during its ICO stage and has since soared to over $600 at its peak. Such a trajectory could result in significant gains for early TCRV token holders once it is listed on major exchanges. But the Tradecurve experience does not stop at anonymity and asset diversity. The platform is teeming with innovative features designed to empower traders. Users can tap into the wisdom of successful traders through copy trading, leverage AI for automated trading strategies, stake their assets for passive income, and even trade with hefty leverage of up to 500:1. These unique attributes place Tradecurve among the most promising DeFi projects/trading exchanges in the market today. During phase 5 of the ongoing presale event, the Tradecurve team has already sold over 100 million tokens. This momentum has led analysts to predict a potential surge in the TCRV token price from $0.10 to over $10 within the next year. For more information about the tradecurve (TCRV) presale: Website: https://tradecurve.io/ Buy presale: https://app.tradecurve.io/sign-up Twitter: https://twitter.com/Tradecurveapp Telegram: https://t.me/tradecurve_official

ETH price hovers above the $1,880 level after noting a 24-hour gain of 1.40%. The surge in Ethereum’s daily trading volume exceeds that of Bitcoin. Ethereum (ETH), the second largest cryptocurrency, stabilizes within the $1,880 range, highlighting reduced price volatility. Meanwhile, next to Bitcoin, Ethereum was expected to cross $2K yet the uncertainty flows along. In the past 24 hours, the trading volume of Ethereum (ETH) recorded a surge of over 33.41% to reach $5,780,720,995. While the top rival Bitcoin (BTC) experienced a spike of 27.29% in volume. Ethereum (ETH) Price Analysis Ethereum’s price movement over the past week reflected its intense bearish market stance. But according to the daily price chart, the current price action crossed above the short-term 50-day exponential moving average (50EMA), denoting its attempt to enter the bullish state. Ethereum (ETH) Daily Price Chart (Source: TradingView) When daily RSI is taken into account, it can be clearly noted that ETH is heading toward neutral territory (at 50). Meanwhile, the Chaikin Money Flow (CMF) fell below 0 to denote a negative outlook in terms of the bulls’ accumulation and capital flow. As per CoinMarketCap, at the time of writing, the market price of ETH was $1,876 with a 24-hour gain of 1.40%. Bearish Monthly Outlook of ETH The decline and consolidation of the Ethereum price within the $1,880 range, coupled with lower levels of volatility, has led to losses for Ether traders. Consequently, the number of Ethereum addresses in loss reached a monthly high of 34.16 million on Thursday. The amount of Ethereum that has been last active between the last one and two years attained a new one-month low of nearly 19.98 million ETH, as per the on-chain data from Glassnode. This data denotes a slight drop in the HODL pattern of Ethereum investors. Highlighting Crypto News Today: Ethereum (ETH) Sets Impressive Record, Reports Unveil Monumental Milestone

Stellar leads crypto off-ramps, surpassing Bitcoin threefold. Stellar’s mission is to empower the unbanked through 475,000 cash-to-crypto stations. XLM surges 14.39% in 24h. Stellar, the decentralized and open-source blockchain project, is making a notable impact in the crypto world with its impressive achievement in the number of off-ramps available for digital assets. According to a recent blog post by the Stellar team, the project now boasts the most crypto off-ramps on its blockchain. It even outpaced the renowned Bitcoin (BTC) by more than threefold. The announcement has caused a surge in the project’s native XLM token, which has spiked an impressive 14.39% since the news broke. Why Is Stellar Off-Ramp Reigning Over? Stellar’s off-ramp services are described as “quick, affordable, and seamless,” allowing users to withdraw USDC and convert it into fiat currency. According to Stellar’s blog, it aims to bridge the gap between the on-chain and off-chain economies by offering enterprise-grade services. Further, The project’s strategic focus on off-ramps aligns with its mission to lower barriers for the unbanked and underbanked populations. Especially in developing nations where access to traditional banking and digital infrastructure can be limited. Meanwhile, it’s approach has garnered support from major players like IBM and Stripe, who have partnered with the project. The network now boasts an impressive 475,000 cash-to-crypto stations worldwide, encompassing both on-ramps and off-ramps. Stellar (XLM) Price Surge According to CoinMarketCap, XLM’s current price stays at $0.1613. It has been experiencing a bullish momentum for over a month, resulting in a surge of 68.34%. The trading volume is up by 96.19%, reaching $366,664,656.

In a significant step, Nexo, the world’s leading institution for digital assets, has joined an innovative group of companies by joining the Association of Certified Sanctions Specialists (ACSS), proving a steadfast dedication to international regulatory compliance. Nexo wants to boost the team’s competencies by using ACSS’s vast databases, rigorous training resources, and extensive contacts. All Nexo compliance professionals will complete rigorous training to get their “Certified Sanctions Specialist” certificates, which will complement their already impressive credentials. This specialized training will advance the compliance team at Nexo’s understanding and practical application of the OFAC and EU sanctions regimes, supporting the creation of a strong compliance program. Soon after strengthening its data security via a SOC 2 Type 2 evaluation performed by A-LIGN, Nexo began working with ACSS. Since its founding in 2018, Nexo has put compliance and information security at the center of its operations. This year, the departments responsible for compliance and information security have grown by more than three times. Through the course of 2022, Nexo has consistently shown that it is one of the few cryptocurrency companies with a robust security architecture, which includes insurance, risk management, and strict overcollateralization guidelines. The fact that Nexo has been successful in obtaining regulatory licenses in several countries across the world and is regarded as a reliable company by more than six million customers demonstrates the company’s continued dedication to enhancing its compliance capabilities.

Arbitrum (ARB), a Layer-2 scaling solution for Ethereum, has been on an eventful journey, with its promise of enhanced scalability and efficiency facing continuous scrutiny. Recent downtime incidents and declining metrics have raised concerns among investors and users, challenging the network’s resilience. This kind of downtime raises concerns about the network’s stability and the potential impact on users and DeFi protocols running on the platform. Traders and investors, already cautious about the rapidly evolving cryptocurrency landscape, may need more time to engage with a network facing repeated disruptions. ARB Incident Raises Eyebrows A notable incident was reported via Twitter, where Arbitrum seemingly experienced a block production halt for approximately 15 minutes. The information surfaced through the Arbitrum scanner, but the exact cause of the disruption remained unclear. It was uncertain whether the issue originated from the scanner itself or if the network had indeed stopped producing blocks during that time. This occurrence was not an isolated event for Arbitrum, as it had previously faced outages, including one in January that prompted a public statement from Offchain Labs, the team behind the development of Arbitrum. Challenges In Metrics And TVL In addition to the downtime concerns, Arbitrum has been experiencing declining metrics and a recent slump in its token price. As per CoinGecko, the cost of ARB stood at $1.20, with a 24-hour rally of 2.8%. However, over the last seven days, the token declined 8.1%, reflecting the uncertainty and hesitancy among investors following the downtime incidents. Another crucial metric, the Total Value Locked (TVL) on Arbitrum, experienced a slight decline over the past few weeks. While it managed to stay above the significant threshold of $2 billion, the overall value has decreased. At the time of writing, the TVL was approximately $2.10 billion, which indicates that some users may have withdrawn their assets from the platform or opted for other alternatives amidst the recent concerns. Insights And Future Outlook Arbitrum’s journey has been a roller-coaster ride, with ups and downs testing its capabilities and investor confidence. The recent downtime incidents highlight the challenges faced by layer 2 solutions as they work towards improving Ethereum’s scalability and user experience. Moving forward, the team at Offchain Labs and the broader community have promised to address these concerns head-on. Moreover, continuous efforts to improve the platform’s stability, security, and performance will be paramount to ensure that Arbitrum can fulfill its promise of being a reliable and scalable solution for Ethereum. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from ZebPay

Newly-launched project Worldcoin has failed to achieve significant progress as signups for the platform’s ‘Digital ID’ continues to dwindle since launching on July 24. What Is Wrong With Worldcoin? Controversies surrounding the project and reservations like privacy concerns have brought about skepticism and reluctance to sign up on the platform. As part of the sign-up process, users must scan their iris using “The Orb,” available at designated locations worldwide. Once the user is verified as human, they receive the “World ID” alongside 25 WLD, the project’s native token, worth roughly $60. Many have questioned how safe it is to use “The Orb” and how the project will handle such sensitive data, with prominent figures like Twitter’s former CEO Jack and Ethereum’s co-founder Vitalik Buterin expressing their concerns. Stark Difference Between Pre-Launch And Post-Launch Figures Worldcoin saw an impressive 2 million sign-ups before the project’s launch. However, there seems to be a stark difference between the pre-launch and post-launch numbers. Hong Kong was one of the cities with the most number of sign-ups. The South China Morning Post reported that the three designated locations in Hong Kong saw a combined total of about 600 sign-ups on the first day. According to the report, Heather Huang, an operator of one of the Orbs in the city, asserted that the 600 sign-ups accounted for almost half of the total Worldcoin sign-ups on launch day. If 600 sign-ups represent half of the total sign-ups on the first day, that will invariably mean only about 1,200 people signed up on launch day – a not-so-impressive figure compared to how many Worldcoin claims signed up pre-launch. Worldcoin’s Co-Founder Reacts In what may be a direct response to the alleged dwindling signups, Worldcoin’s co-founder and Open AI CEO Sam Altman tweeted a video of many users queuing to sign up at what looks like one of the designated locations of “The Orb.” He posted the video with the caption: Many Twitter users were quick to react to the video, with some going as far as to suggest that users who were signing up were simply doing it for the money (the 25 WLD tokens users receive upon sign-up) without being aware of the repercussions. A particular user (@_whitneywebb) tweeted: “One person is willing to sell their soul every 8 seconds for a shitcoin and a cattle tag. Extreme clown world alert.” Amid the mounting skepticism, WLD’s price has declined 6% to trade at $2.22 at the time of this writing, Coinmarketcap data shows.

The indexing and digital asset leaders can create customizable indexes for institutions, and advisors to track rewards FRANKFURT, Germany–(BUSINESS WIRE)–MarketVector Indexes (“MarketVector”), a global index provider and long-time leader in digital assets indexing, announces a partnership with Figment, a leading provider of staking infrastructure, to introduce the industry’s first staking rewards indexes. Figment and MarketVector have aligned to provide a more comprehensive measure of the value of Ethereum via products that are tailor-made for institutions. This partnership marries MarketVector’s expertise in index administration with Figment’s best-in-class Ethereum rewards rate reporting. A first-mover in staking-as-a-service, Figment provides staking and data solutions to some of the largest institutions in the digital asset space. “We’ve been proud to be on the forefront of digital assets indexing and this partnership with Figment reflects our commitment to providing institutions and investors with exposure to leading assets,” said Martin Leinweber, Digital Assets Product Strategist at MarketVector. “Now, asset managers and advisors are able to have customizable access to staking rewards as an industry first.” The first products co-created by MarketVector and Figment include the soon-to-be-launched the MarketVector Figment Ethereum Staking Reward Reference Rate and the MarketVector Figment Ethereum Total Return Index. While the partnership’s initial focus is on solutions for institutions and investors in Ethereum, this partnership paves the way to expand and extend these capabilities to other digital assets in the future. In addition to the benchmark and reference rate, MarketVector and Figment are able to provide bespoke elements of the indexes to address the diverse needs of licensors in different markets. “We are thrilled to announce our strategic partnership with MarketVector, which addresses one of the most significant challenges faced by institutions in the digital asset space – access to reliable, robust data,” said Josh Deems, Institutional Business Development Lead at Figment. “By combining Figment’s leading on-chain data capabilities with MarketVector’s benchmarking expertise, we are poised to unlock new opportunities for institutions offering investors exposure to digital assets. We envision a new paradigm, where asset managers are able to provide products with staking rewards that are benchmarked against our indexes.” For more information about the partnership, please contact us. Key Index Features MarketVector Figment Ethereum Staking Rewards Reference Rate (ticker: MVETHSRR) Number of Components: 1 Base Date: September 30, 2021 Base Value: 5.73 Key Index Features MarketVector Figment Ethereum Total Return Index (ticker: MVETHTR) Number of Components: 1 Base Date: September 30, 2021 Base Value: 100 About MarketVector Indexes – www.marketvector.com MarketVector Indexes (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVector, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to partner with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets worldwide, with approximately USD 30 billion in assets under management. About Figment – www.figment.io Figment is the leading provider of staking infrastructure with billions of dollars of assets staked. Figment provides a comprehensive staking solution for asset managers, exchanges, wallets, foundations, custodians, and large token holders to earn rewards on their digital assets. Figment’s institutional staking service offers a point-and-click staking dashboard, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. Additionally, Figment empowers clients with standardized, accurate data for use cases such as index construction. Figment’s aim is to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit our website at figment.io. Contacts Media: Eunjeong Kang, MarketVector +49 (0) 69 4056 695 38 [email protected] Sam Marinelli, Gregory FCA on behalf of MarketVector 610-246-9928 [email protected]

Meta continues to lose billions of dollars due to emphasis on Metaverse. Facebook Reality Labs (FRL), lost $13.7B on revenue of $2.2B in 2022. Despite a stated shift in focus toward AI, Meta has not abandoned the metaverse. This was reaffirmed by Meta founder and CEO Mark Zuckerberg during an earnings call. Zuckerberg stated: Ambitious Long-term Horizon The social media behemoth continues to lose billions of dollars as a result of its emphasis on the metaverse. At Meta, the subsidiary in charge of the metaverse, known as Facebook Reality Labs (FRL), lost $13.7B on revenue of $2.2B in 2022, up from a loss of $10.2B on revenue of $2.3B in 2021. The CEO added: Meta’s latest financial report shows an increase in both net income and sales over the previous year’s second quarter, with net income at $7.79 billion (up from $6.7 billion) and revenue at $32 billion (up 11%). There is still much hope that the metaverse will stimulate innovation and economic growth on a global scale. In order to reach its full potential, the metaverse ecosystem must remain open and accessible while still providing enough protection for users. Both the Metaverse and AI are expected to revolutionize a variety of fields and increase the effectiveness of traditional processes, among other things. Highlighted Crypto News Today: Jio Financial Services Brings BlackRock Back to India after 5 Years for a $300M JV

Dogecoin (DOGE) has been making headlines again with its recent price rally, causing a significant impact on the PEPE network and its investors. As the price of DOGE surged around mid-July, on-chain data indicates that investors began to abandon their holdings in PEPE, leading to a sharp decline in the network’s activity. Daily Active Addresses, a crucial metric used to gauge the level of network activity, took a hit during this period. On July 14, PEPE recorded 5,086 active users. However, by the close of July 25, that number had plummeted to a mere 1,999 daily dynamic addresses, representing a staggering 61% decline. This abrupt drop in network usage suggests that many investors shifted their attention and funds towards DOGE, leaving PEPE behind. Dogecoin Hype Leaves PEPE In The Dust The reason for this shift in investor behavior can be attributed to DOGE’s recent impressive performance in the market. Over the past seven days, DOGE saw a surge of 11.6%, reaching a price of $0.079, according to CoinGecko. DOGE also experienced a slight 0.7% climb in the past 24 hours. The impact of the DOGE rally on PEPE also extended to its price. Within the same seven-day period, PEPE’s price declined 13%. The sell-off intensified as more investors shifted their focus to the meme-inspired DOGE, which enjoyed the spotlight as one of the top-performing cryptocurrencies. ‘Meme Coin Magic’ While DOGE experienced a boost in its market cap, it wasn’t the only meme coin project to do so. Other projects like Shiba Inu (SHIB) and ApeCoin (APE) also saw minor market cap increases. The surge in social volume for these meme coins typically signals an approaching peak, as enthusiasm and speculation surrounding these assets tend to drive their prices to unsustainable levels. Data analytics firm Santiment pointed out the market cap increases in DOGE, SHIB, and APE, attributing the rise to the “meme coin magic” that seems to capture the attention of crypto enthusiasts periodically. Santiment also warned that high social volume spikes often indicate potential market tops, suggesting that the excitement around DOGE might reach its peak. The recent DOGE price rally has not only attracted more attention to the cryptocurrency itself but has also caused a significant impact on other meme-inspired projects like PEPE. However, as the crypto market continues to be influenced by hype and social media trends, investors should remain cautious and vigilant to avoid falling prey to speculative manias. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from

Bitcoin (BTC) has shown much resilience in the wake of the US Federal Reserve announcing a 25 basis points hike in the Federal Funds Rate (FFR) on Wednesday. Based on data from CoinMarketCap, the premier cryptocurrency is up by 0.78% in the last 24 hours, with the majority of the market also posting notable gains. However, a crypto analyst has predicted a significant bearish trend for the market leader. Incoming Dip For Bitcoin? According to a technical report on July 27 by an analyst with the Twitter handle @CryptoFaibik, BTC is likely to plummet in value by 15-20% in the coming weeks. Related Reading: FOMC Delivers Expected 0.25% Rate Hike, Bitcoin Holds Steady Above $29,000 However, the analyst noted that Bitcoin could first hit the $32,000 mark, indicating an imminent potential 8.6% gain on the token’s current market price. Following @CryptoFaibik’s predictions, BTC is then expected to fall to around $25,000, with a breakout below its current ascending channel, as seen on the daily chart. While this might be an interesting projection, it is worth stating that there were no specific reasons backing this bearish outlook. In fact, there has been a positive sentiment surrounding Bitcoin in the last few weeks. Besides its recent positive performance in the face of the Fed rate hike, the market leader appears to be poised for an increase in institutional demand. Currently, prominent asset managers have filed applications with the United States Securities and Exchange Commission(SEC) seeking approval to launch the first Spot Bitcoin ETF in the United States On July 20, Bitcoin research firm NYDIG reported that the approval of these ETF applications could result in $30 billion in new demand for Bitcoin. The report stated this prediction is based on several factors, including the brand recognition that asset managers such as BlackRock offer, alongside the popular understanding of the regular trading methods of securities brokers. Bitcoin Marks Highest Social Dominance In Two Weeks In other news, Bitcoin’s resilience amidst the increased Federal Funding Rate has garnered much attention among investors, with the token’s social dominance recording a significant boost. According to data by on-chain analytics company, Santiment, Bitcoin now accounts for one-third of all discussions surrounding the top 100 crypto assets. Its social dominance stands at 33.33%, the highest it has been in the last two weeks. Related Reading: Bitcoin Pre-Halving Patterns Suggest Bull Market Is Not Starting In 2023 Santiment further highlighted that an increased social dominance indicated fear which means a price rise is likely on the horizon. At the time of writing, Bitcoin is trading at $29,406.94, with a 0.16% decline in the last hour. Meanwhile, its daily trading volume has surged by 20.46% and is valued at $12.97 billion. With a market cap of $571.05 billion, Bitcoin ranks as the largest cryptocurrency in the market.