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It will offer stETH holders veto power over governance proposals authorized by LDO holders. Dune data shows that Lido controls 31.6 percent of the whole staking market. Lido Finance, a leading liquid staking solution, is unveiling a whole new tokenomics framework. At this year’s EthCC conference, LidoDAO’s business development contributor Marin Tvrdi said that the organization’s members are “pushing” for a dual governance model. If enacted, it will offer Lido users veto power over governance proposals authorized by LDO holders, but only if they are staking Ethereum and own stETH. Investors may stake ETH with the network’s validators on Lido, and get incentives in exchange. They do this in return for stETH, a token representing their deposit. Users put up one Ether and receive back one stETH. Moreover, stakeholders may keep their funds liquid while they help secure the network thanks to the widespread use of the stETH token in the DeFi industry. Maintaining Proper Balance Dune data shows that Lido controls 31.6 percent of the whole staking market. Following Coinbase (9.6%) is Binance (5%). With so many people using the protocol and so much money changing hands, the DAO is trying to add more safeguards to make sure everyone is on the same page. Since LDO is the basis for Lido’s present governance structure, only LDO holders have a say in any changes. This obviously gives LDO holders influence over the protocol that stETH holders lack. Consequences may result if, for example, LDO holders take action to modify a factor that has a detrimental effect on liquid stakers. On June 22, a pseudonymous developer working on LidoDAO under the name of skozin.eth suggested the idea of dual governance. With this idea, stETH holders would be able to vote against DAO governance decisions. Highlighted Crypto News Today: Crypto Exchange Binance Drops Crypto License Pursuit in Germany
 
Shiba Inu community on alert as @susbarium warns of potential scams targeting SHIB holders. Fake ShibaSwap website raises concerns, prompting caution among users to avoid fraudulent links. Scammers target newcomers in the crypto space, with warnings about fake Shibarium Tech account. The Shiba Inu community is being cautious as @susbarium, a group dedicated to protecting SHIB holders from scams, issues alerts about potential fraudulent activities. With the continuous growth of Shiba Inu and its increasing popularity, scammers and bad actors are attempting to exploit the situation by defrauding unsuspecting investors. One of the warnings from @susbarium pertains to a fake ShibaSwap website. The community is advised to be cautious and avoid clicking on any suspicious links that could lead to the theft of funds. ShibaSwap, launched in July 2021, is a decentralized finance (DeFi) platform offering various services like staking, liquidity pools, and yield farming. The fake website imitates the features of the original ShibaSwap DEX, making it important for users to remain vigilant and recognize the differences, particularly in the domain address. Shiba Inu scams on the rise It seems that these scams often target newcomers in the crypto space, as Shiba Inu’s attractiveness to new investors has been noted. @Susbarium also alerted the community to a fake Shibarium Tech Telegram account, emphasizing that it has no affiliation with Shiba Inu. Additionally, the community is advised to be cautious of fake emails pretending to be from Coinbase, encouraging users to click on links to secure their accounts and falsely claiming changes to associated phone numbers.
 
Around 30 people from judicial, financial, tax, and customs departments would comprise the team. It will speed up the whole investigation process for crimes involving crypto. As illicit activities in the crypto sector have increased, South Korea on Wednesday formed an interagency investigative team. This is an effort to combat cryptocurrency-related crimes. The Prosecutor’s Office said in a statement that around 30 individuals from judicial, financial, tax, and customs departments would comprise the Joint Investigation Centre for Crypto Crimes. Moreover, the Prosecutor’s Office said that until the cryptocurrency market was controlled by legislation. The investigative team would serve as a safety net for cryptocurrency investors. It is said that investigations into unlawful trading activities, tax evasion, improper foreign exchange transfers, concealment of illicit earnings, and money laundering will focus on cryptocurrencies with excessive price volatility or de-listing. Stringent Regulations Furthermore, the unit’s principal goal is to investigate market participants engaged in the issuance or distribution of cryptocurrencies. This is in order to discover unusual trading activity and investigate related illegal crimes. It will also speed up the whole investigation process for crimes involving crypto, from detection, analysis, and management. Moreover, the debut coincides with the law being passed by the National Assembly in South Korea to safeguard investors. Unfair commercial activities, the use of confidential information, market price manipulation, and illegal transactions involving virtual assets are all now punishable by jail terms and monetary fines, according to the new legislation. On the other hand, the FSC of South Korea has demanded that crypto enterprises that issue or hold cryptocurrencies include specific crypto disclosures in their financial statements starting in 2024. The new rule requires cryptocurrency businesses to report sales, volumes, and market values of their coins, along with more specifics.
 
Ripple price approaches crucial juncture after recent highs and rebound from $0.67. XRP becomes a hot topic with increased wallet numbers and significant investment inflows. Possible scenarios: Ripple may retest $0.85 or enter range-bound phase ($0.66 – $0.86). The XRP price appears to be reaching a potentially critical juncture, based on its daily chart. After reaching highs of $0.854 on July 19, profit-taking ensued, causing the price to decline to around $0.67, where it experienced a rebound on July 25. Notably, on July 14, the XRP price began an upward movement from this region. As of the current time, Ripple has seen a 1.87% increase in the last 24 hours, trading at $0.6987 according to CoinMarketCap data. While the future direction of XRP remains uncertain, there are positive factors supporting a potential upward movement. On-chain analytics firm Santiment highlighted that the number of XRP whale wallets holding over 100 million coins has increased to 199, the highest level since May 13, coinciding with XRP’s price surpassing $0.70. XRP has been a hot discussion after recent win Additionally, Ripple has been a popular topic of discussion this month, showing a moderate price correlation with social dominance changes. Furthermore, XRP investment products have recently seen a combined inflow of $9.2 million, while BTC investment products experienced $13 million in outflows. One plausible scenario is for XRP to sustain its recovery and retest the $0.85 level. If XRP manages to decisively close above $0.85, it could potentially retest the $1 barrier level, indicating a gain of approximately 30% from current levels. Another possibility is that Ripple enters a range-bound trading phase in the near term, with the range boundaries potentially being $0.66 on the downside and $0.86 on the upside. An indication of strength in this scenario would be a break and close above the overhead barrier at $0.85. Conversely, if the $0.66 support level is breached, there may be further selling pressure, and XRP could approach the MA 50 support at $0.56.
 
MakerDAO’s (MKR) posted positive moves today even as the broader market saw a slight correction. While top coins painted charts red with bearish moves, MKR added over 3% in the last 24 hours, bringing its price to $1,139.92 at 9:25 am EST. This bullish momentum coming amid a bear market trend suggests that special factors might be behind it. Maker (MKR) Soars Amid New Governance Proposals Maker made the top gainers’ list on Wednesday, July 26, closely behind Compound (COMP) with 3.18% 24-hour price growth and XDC Network with an over 16% seven-day gain. Maker’s price saw a boost due to increased ecosystem activities as the Maker Governance votes to approve or reject the new Spark Protocol changes commence. This vote was a result of Phoenix Labs’ proposed key adjustments to Spark Protocol DAI market parameters to enhance user experience. Among Phoenix Labs’ recommendations is the adjustment Wrapped Ether (WETH) Variable Rate Slope from 1% to 3%. This adjustment is touted to encourage a healthy utilization of the DAI market, enhancing supplier return and incentivizing deposits. It also proposed to set the DAI market loan-to-value and liquidation threshold (LTV/LT) to 0.01% and adjust the WETH market reserve factor to 5%. The adjustments will reduce the protocol fee on the ETH market and give suppliers a larger APY. If approved, the proposed changes will raise Spark D3M’s debt ceiling to 200 million DAI and set DAI Market LTV/LT to zero. Given the potential benefits these changes could provide DAI borrowers, market activity would increase, boosting MKR’s demand as the Maker protocol utility token. The voting started on July 24 and has attracted much attention from Maker community members. Maker’s trading activity has increased as community members hurry to participate in the poll before the deadline on Thursday, July 27. Moreover, as the governance token of the Maker protocol and MakerDAO, the ongoing poll has increased trading activity and demand for MKR. The increased MKR trading volume confirms this assumption. Whale Alerts Draw More Investor Attention To Maker As of July 26—9:25 EST, MKR’s trading volume stood at $121.71 million, an over 47% rise from the previous day’s value, according to CoinMarketCap data. MKR traded at a high of $1,172.12 and a low of $1,118.93 over the past 24 hours. Lookonchain also observed a significant exchange inflow and outflow on July 25. According to the on-chain sleuth, a whale dumped 1,598 MKR, worth approximately $1.8 million, after amassing chunks of tokens since June 22, when prices were below $1,000. The whale withdrew 2,760 MKR, approximately $2.5 million, from Binance from July 7 to July 17 at an average value of $918 per token and discharged them when the price increased. While the whale effect pushed MKR’s price down 2%, it also reflected the massive investor interest in the token and drew more attention to MKR. As such, the token soared higher in the days following the transaction and continued bullish with the governance vote. This demonstrates the high demand for the token given that it soaked up the supply from the whale without issue.
 
In a recent development, a judge of the Singapore High Court has declared that cryptocurrencies are personal properties. The court likened crypto to fiat money, and since fiat passes as personal property, crypto should pass as one, too, the court reasoned. Genesis Of The Case Judge Philip Jeyaretnam made this declaration in a case that had earlier been brought by crypto exchange Bybit against a former employee named Ho Kai Xin. Bybit alleged that Ho had transferred around $4.2 million USDT from the crypto platform’s account to her accounts. In what was the most expected outcome, the court ordered Ho to transfer the money back to Bybit. However, what caught the crypto community’s attention is the status that the Judge placed on cryptocurrencies. The Judge referred to the USDT tokens in question as a “property.” And despite these tokens not being physical, the judge opined that “We identify what is going on as a particular digital token, somewhat like how we give a name to a river even though the water contained within its banks is constantly changing.” He was also quick to debunk the notion that crypto doesn’t have any “real” value, as, according to him, value is “a judgment made by an aggregate of human minds.” Judge Jeyaretnam further classified crypto as personal property when he referred to it as “things in action,” which means any personal property one has the right to sue for recovery. This mostly pertains to money. The judge also highlighted that he wasn’t referring to USDT as personal property because holders can redeem its physical equivalent. Instead, he believes that this feature isn’t required of a crypto asset for it to be classed as a “thing in action.” Status Of Crypto In Other Jurisdictions This ruling is, however, not the first time that digital assets are referred to as ‘personal property’. In 2022, a London Court ruled that nonfungible tokens (NFTs) represent “private property.” The UK Law Commission, earlier this year, also recommended that a new category of personal property should be created to accommodate digital assets like cryptocurrencies and NFTs. Furthermore, a Montana Bill classifying crypto as personal property was also approved by the House of Reps earlier this year in April. Given this, it looks like it will not be long before crypto is finally stamped as personal property in major jurisdictions.
 
Binance has already stated its intent to adhere to the forthcoming MiCa law in the EU. Numerous European authorities are undertaking their own investigations against Binance. Binance, the world’s largest crypto exchange, has decided not to pursue a license from BaFin, Germany’s financial watchdog. Earlier, German authorities notified it that they would not provide a cryptocurrency custody license, leading to this decision. In response to scrutiny from authorities all across the globe, Binance has likely implemented this change. Possible reasons for the decision include legal action taken against its U.S. branch and mending things to comply with the MiCA laws. Binance has already stated its intent to adhere to the forthcoming Markets in Crypto Assets (MiCA) law in the European Union. A representative from Binance stated: Rising Global Scrutiny Binance has proceeded to withdraw its license applications after encountering significant regulatory obstacles throughout Europe. Even before the U.S SEC accused the cryptocurrency exchange earlier this month, the agency had reached out to financial authorities in numerous EU states for further information on Binance. However, based on accusations of misconduct, numerous European authorities are undertaking their own investigations against Binance. In addition, after attempting registration in the Netherlands and failing, Binance decided to leave the country, canceled its registration with the Cyprus Securities and Exchange Commission, and suspended operations in Belgium. Binance is still active in Europe. The exchange has its European headquarters in Paris after registering with the French regulator AMF over a year ago. The business’s holding company is located in the Cayman Islands. Highlighted Crypto News Today: Elon Musk Says Doge Rebranding Had No Impact
 
On-chain data shows that the Bitcoin exchange supply has only continued to slip further recently despite the price drop to the $29,200 that BTC has observed. Bitcoin Exchange Supply Has Declined To Just 1.17 Million BTC Now According to data from the on-chain analytics firm Santiment, the latest decline in the price doesn’t look to have triggered a severe reaction from the market yet. The relevant indicator here is the “supply on exchanges,” which measures the total amount of Bitcoin supply that’s currently being stored in the wallets of all centralized exchanges. When the value of this metric goes up, it means that the investors are making a net amount of deposits to these platforms right now. As one of the main reasons why the holders would transfer their coins to exchanges is for selling-related purposes, this kind of trend can have bearish consequences for the price. On the other hand, the indicator’s value decreasing suggests the investors are taking coins off to self-custodial wallets, potentially to hold onto them for extended periods. Naturally, such accumulation can have a bullish effect on the asset in the long term. Now, here is a chart that shows the trend in the Bitcoin supply on exchanges over the past few months: As displayed in the above graph, the Bitcoin supply on exchanges has observed a constant downtrend during the last few months or so. This means that the investors have been consistently taking their coins off these platforms during this period despite price declines. Interestingly, this decline in the indicator continued even when the rally above $30,000 had occurred in the middle of June. Generally, during such sharp price surges, it’s not rare to see the metric rise, as some investors would be looking to harvest their profits. But not only had deposits not occurred in this rally, but the supply on exchanges had also instead plunged especially hard back then, suggesting that there may have been some heavy buying taking place in the market, which would have acted as fuel for the surge. In the past week, Bitcoin has registered a decline towards the low $29,000 level, but the indicator has still only continued to head down, implying that this price drop hasn’t been enough to trigger a mass panic-selling reaction from investors. The current trend in this metric is naturally a positive sign for the cryptocurrency’s value, as it means that at least another selloff may not be probable to take place in the immediate future. With the latest downward move in the supply on exchanges, only 1.17 million BTC is left in the wallets of these platforms now. This value is around 12% lower than back during the beginning of May, which is a significant drop. BTC Price At the time of writing, Bitcoin is trading around $29,200, down 2% in the last week.
 
Cross-Chain communication protocol platform LayerZero has crossed 50 million cross-chain messages, as revealed by the platform on Tuesday, July 25. This significant milestone proves the massive trading activity and cross-chain token swaps that happen across several chains daily. LayerZero’s Impressive Growth The ‘50-million cross-chain messages’ is undoubtedly a testament to how much LayerZero has achieved in the space. Due to the project’s disruptive vision, it has received enormous backing from some of the ecosystem’s biggest Venture Capitalists (VC). Three months ago, LayerZero raised $120 million from prominent backers like auction company Christie’s, renowned VC firms Sequoia Capital and Andreessen Horowitz, Capital market company Samsung Next, OpenSea Ventures, and Circle Ventures. What is more impressive is that LayerZero was valued at $3 billion during this Series B funding round, almost three times its $135 million valuation during the funding round held back in 2022. This remarkable feat has also come during the lingering crypto bear market when many have felt that the outlook in the industry will be negative. That is why it is easy to share the sentiments of the CEO of LayerZero Labs when he stated: Blockchain interoperability remains the foremost issue in the Web3 space. Furthermore, this has greatly hindered some from venturing into the space, and it is well-known that if crypto is to enjoy mainstream adoption, this issue needs to be dealt with. That is why interoperability protocols like LayerZero are key in the blockchain ecosystem. It is common knowledge that the interoperability issue stems from how blockchains have different protocols and standards that make them incompatible. However, platforms like LayerZero bridge this gap by facilitating seamless and direct communication between different blockchain networks, making it easy for users on networks like Ethereum, Aptos, Solana, and SUI to move their digital assets across these chains. “Wen Airdrop?” The question of if LayerZero will carry out an airdrop has been on the lips of many members of the LayerZero community. Although the team has been tight-lipped over whether or not there will indeed be an airdrop to users, the signs are becoming more glaring that one may, in fact, be on the horizon. With so much success in the last year and so much money raised, it is possible that LayerZero is already working on its native token. If the platform was looking to reward the users who have supported it all this time, then an airdrop would be the most likely avenue to do so. However, with no talk of even a token launch, it is hard to determine if LayerZero will conduct an airdrop.
 
SafePal, a complete non-custodial crypto wallet suite sponsored by industry giants like Binance and Animoca Brands with over 10 million users, is launching the S1 Pro (an improved version of its popular S1 hardware wallet). The action coincides strategically with preparations for entry into Japan and other major Asian markets. The S1 Pro maintains the distinctive air-gapped cold storage capabilities, portability, and security of the S1, with increased durability. It also has a better scratch-resistant screen, a longer battery life, and a camera that is positioned differently. The S1 Pro will cost $99 and retain some of the S1’s standout characteristics, such as the anti-tamper self-erasing mechanism and being completely offline without Bluetooth, WiFi, NFC, or radio frequencies. The model is expected to be available via established, authorized distribution channels in August. To get into the Japanese market, the wallet suite is increasing alliances, distribution, and reseller channels in addition to adding local translators and team members. The wallet suite presently supports 15 languages, including Korean and Japanese. In order to improve compatibility with the 100+ supported networks, SafePal recently incorporated zero-knowledge and EVM networks including zkSync Era, Polygon zkEVM, Telos, and Caduceus Metaverse Protocol for its wallet suite. The wallet suite is also making progress with the open-sourcing of its solutions, which is now 50% complete and is anticipated to be finished by the start of 2024.
 
PALO ALTO, Calif.–(BUSINESS WIRE)–#gamedev–Fungies.io announces the closure of its PreSeed round, with investments from groundbreaking firms including Depo Ventures, Czechfounders.VC, Necto Labs, CV VC, Outlier Ventures, Tatum, and StartupYard. As Shopify is to e-commerce, Fungies.io will be to gaming. Given more than 3.22 billion people worldwide play games, the video games market worldwide, with a growth rate of 7.89% between 2023 and 2027, will reach a market volume of $521.6 billion in 2027. The indie gaming industry in particular is undergoing an overwhelming surge with more than 1,200 games released daily—from over 50,000 game developers and publishers. Small game studios, lacking dedicated marketing departments and comprising fewer than 10 employees, often resort to self-publishing on platforms such as Steam, Epic Games Store, and GOG.com. Fungies.io was founded to fix that. It’s a no-code SaaS platform to allow indie gaming studios to set up their own customizable Web Storefront in minutes. The company will create self-publishing commerce tools that allow game developers to effortlessly establish their own Web Shops, enabling direct game sales to players without intermediaries like Steam. Fungies.io is not positioned as a direct competitor to Steam, but rather as an alternative and additional game distribution channel offering unique benefits. The no-code SaaS platform streamlines the process of setting up Web Shops for studios and publishers, saving them valuable time equivalent to days or even weeks. By empowering studios to take control of their distribution and publishing channels, Fungies.io allows them to enhance sales while effectively reducing costs. One of Fungies.io’s primary intentions is to disrupt the burgeoning gaming commerce industry encompassing digital game distribution, in-game transactions, and private game server monetization. Fungies.io will disrupt in many ways, primarily: Giving studios an ability to bypass the hefty commissions (often up to 30%) charged by industry incumbents when selling directly through such Web Shops. Players can conveniently purchase game keys during the checkout process, allowing studios to maximize their profits by retaining more revenue. Fungies.io offers an extensive range of customization options, including color schemes, fonts, layouts, and more. By continuously expanding its templates library, Fungies.io facilitates game studios to build their Web Storefronts within minutes, eliminating the weeks typically spent on acquiring hosting services, integrating plugins, and managing payments. The platform seamlessly integrates with Stripe, providing players with a diverse range of payment methods, including credit cards and over 250 alternative options for purchasing games or in-game items. Moreover, Fungies.io empowers studios to manage their own communities and access critical customer data, such as email addresses and purchasing behavior. This functionality allows studios with multiple games to consolidate their offerings in one place and effectively upsell new games to their existing player base. The startup plans integrate with a multitude of third-party apps, including Mailchimp, Zapier, Intercom, and numerous marketing tools, thus delivering the ability for studios to more broadly and efficiently market their games directly to players. Looking ahead, Fungies.io aims to extend its services to support mobile game studios in selling in-game items, assets, and currencies through their Web Shops. Notably, some publishers earning over $100 million annually from mobile microtransactions are already experiencing a 10%-20% share of sales through Web Shops, underscoring the immense potential of this market. “We firmly believe that gaming commerce will continue to soar in value in the coming years, given that players already spend hundreds of billions of dollars annually on in-game items and assets, both Web2 and Web3. Our mission is to equip game studios with the essential tools to self-publish directly to their players,” stated Duke Vu, CEO of Fungies.io. While the Fungies.io team is based in Poland, the company is incorporated in the US with an office in Palo Alto, California. Fungies.io will bolster its product team and launch the first version of its platform by the end of September 2023. Over the next 12 months, Fungies.io aims to onboard 2,000 game developers and publishers via its self-service SaaS platform for gaming commerce, providing them with the ability to effortlessly establish customizable Web Shops within minutes. About Fungies.io: Fungies.io is a groundbreaking gaming commerce platform empowering game studios to establish their own Web Shops, enabling direct game sales to players without intermediaries. With a focus on customization, seamless integrations, and eliminating excessive commissions, Fungies.io is revolutionizing the self-publishing experience for game developers and publishers worldwide. Visit www.fungies.io for more information. Contacts For media inquiries, please contact: Duke Vu Fungies Inc., 2100 Geng Road, Suite 210, Palo Alto, California, 94303, EIN: 92-0927516 +1 6282572124 [email protected]
 
First Digital USD (FDUSD), a newly introduced stablecoin scheduled to make its debut on Binance on Wednesday has now faced a halt due to technical difficulties. A Bumpy Start To The FDUSD Journey The expected listing of FDUSD on Binance was initially set for July 26, 2023. To incentivize traders, Binance planned to offer zero maker fees for all FDUSD trading pairs. However, due to technical issues encountered by the FDUSD pairs’ liquidity providers, the launch was postponed. Related Reading: Binance Pool’s Litecoin Hash Rate Falls 50%: What’s Next? Trading was halted at 09:45 (UTC), and all pending FDUSD orders were canceled, reflecting the exchange’s commitment to user protection amid these unforeseen circumstances. In response to these technical glitches, Binance rescheduled the FDUSD listing for the same day at 14:00 (UTC). However, the delay caused by the technical issues put a temporary damper on the excitement surrounding the FDUSD launch. First Digital USD: Just Another Stablecoin? First Digital Group, a conglomerate including Hong Kong-based First Digital Trust, a custodian and trust firm, unveiled the plan for the FDUSD stablecoin in June. Backed by FD121, the stablecoin, pegged to the US dollar on a 1:1 ratio, promised to be fully backed by cash and cash equivalents held in regulated financial institutions’ segregated accounts. The reserves are said to be under constant audit and monitoring by independent third parties, assuring investors of the coin’s stability. Beyond the initial hiccups, the ambition driving the creation of FDUSD is worth noting. The First Digital Group envisages FDUSD to be more than a simple programmable digital asset. FDUSD is designed to be compatible with Web3 technologies, positioning it to potentially aid in the creation of future solutions. The stablecoin is able to interact with financial smart contracts, escrow services, and insurance protocols without requiring intermediaries. This integration aims to bridge the gap between traditional finance and decentralized technologies in everyday transactions. Despite Binance’s continuing regulatory challenges, the exchange keeps making headlines for positive developments, such as the listing of the zero-fee stablecoin. Recently, Binance and its CEO Changpeng Zhao, also known as CZ, revealed plans to dismiss the Commodity Futures Trading Commission’s (CFTC) complaint, according to a court filing. This move is a reaction to the financial watchdog’s earlier accusation against the crypto exchange for purportedly breaking derivatives market rules in the United States. Meanwhile, regardless of the few positive developments by the crypto exchange, Binance’s native token BNB has continued to move in a bearish trend. Over the past 24 hours, the native token has plunged 0.3% with a current trading price of $237.7, at the time of writing. Binance Coin (BNB)’s price is moving sideways on the 4-hour chart. Source: BNB/USDT on TradingView.com Featured image from Shutterstock, Chart from TradingView
 
Experts recommend keeping real-world utility tokens in the investment basket. On the other hand, a real-world utility token, Tradecurve (TCRV), has seen a massive rise on the growth chart. Too much reliance on speculations can cause a sudden crash in the value of cryptocurrencies, as seen with Dogecoin (DOGE) and Floki Inu (FLOKI). Investors are confident about the long-term growth prospects of this project. Therefore, its ongoing presale is about to be sold out before the due date. Let’s delve deeper to see what makes TCRV a more desirable and profitable investment option than DOGE and FLOKI. >>Register For The Tradecurve Presale<< Floki Inu (FLOKI) Plummets Severely On Price Charts Floki Inu (FLOKI) was one of the biggest newsmakers last month, with its skyrocketing popularity. However, as is the case with other meme coins, Floki Inu suffered a fall after the mania around it faded. This even nullified the gains Floki Inu was expecting from its latest partnerships. Recently, Floki Inu partnered with Chinese e-commerce giant AliExpress. Previously, Floki Inu had joined hands with Binance Pay. However, these signings have fallen flat, as the price of Floki Inu tanked by 22% in the past seven days. At the time of writing, Floki Inu is changing hands at $0.000025. Dogecoin’s (DOGE) Transaction Volume Increases But Not Price Just a week ago, Dogecoin (DOGE) witnessed a massive spike in its transaction volume and hash rate. As per the data from Minerstat, Dogecoin’s hash rate jumped by 35% in May. Besides, Dogecoin’s transaction volume recently soared by more than 8000%. Experts have cited the launch of DRC-20 tokens as the primary reason behind the surge in Dogecoin’s transaction volume. However, these gains were short-lived, and Dogecoin soon retracted into the red zone. Dogecoin’s market value has plummeted by more than 16% in the past week. Consequently, the exchange rate of Dogecoin has come down to $0.0607. >>Register For The Tradecurve Presale<< Tradecurve Gives 50x Returns to Presale Investors The OTC Derivatives market is worth $39 trillion, and the FX market sees a daily trading volume of $7.5 trillion. Meanwhile, the crypto market records a daily trade volume of $41 billion. Tradecurve facilitates the trading of all these assets in one place. It is a novel decentralized exchange enabling the trade of a wide range of assets. Now, traders need not create multiple accounts to trade different assets. Moreover, they no longer need to undergo KYC verification. This cross-chain platform allows users to open an account by using their email id, link it to their digital wallets, and start trading instantly. Its commitment to users’ privacy has made it a favorite among traders, who have long been complaining about non-trustworthy registration procedures of other exchanges, like Kraken and KuCoin, where personal data is required to be submitted. The platform has begun Metaverse Trading Academy, where inexperienced users can learn the technicalities of trading from professionals. Artificial intelligence support is another market edge that this new exchange carries. Its presale is currently moving through the third stage, and TCRV’s purchase price has increased to $0.025. 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
 
Amidst recent developments, holders of Solana (SOL) and Binance Coin (BNB) have shown keen interest in participating in the highly anticipated presale of Pomerdoge (POMD). This emerging token has attracted attention due to its promising potential and unique features. Adding to the intrigue, reports have surfaced about a significant purchase made by a Saudi Prince, further fueling excitement around the project. With a convergence of major players and growing enthusiasm, the Pomerdoge (POMD) presale is poised to make waves in the crypto community. >>BUY POMD TOKENS NOW<< Binance (BNB) Grapples with SEC Lawsuit, Instilling Fear and Uncertainty Among Investors The Binance (BNB) token confronts significant challenges as it navigates the uncertainties surrounding the SEC lawsuit. This situation has instilled fear among investors and the wider cryptocurrency community, casting a shadow over both the exchange and its native token, Binance (BNB). As anticipated, this affects the price movement and network value of the Binance (BNB) token. Binance (BNB) is facing significant fluctuations, showcasing the uncertainty of investors. Over the last week, Binance (BNB) witnessed a decline of 3.9% from its starting price of $244.9. Presently, the token is trading at $235.18, with efforts underway to establish support above the resistance level of $236.18. Moreover, Binance (BNB) has observed a significant decrease of 15% in trading volumes. This trend reflects the cautious sentiment among Binance (BNB) investors and prevailing market conditions. As Binance (BNB) navigates through this period of volatility, investors are increasingly diverting their attention towards more enticing currencies that promise higher potential gains in the near future. >>BUY POMD TOKENS NOW<< Coca-Cola Serbia Joins Forces with SolSea to Introduce Unique Solana (SOL) NFTs Coca-Cola Serbia has embarked on a groundbreaking venture, teaming up with Solana (SOL). The goal of this partnership is for Coca-Cola to provide exclusive Solana (SOL) NFTs. This venture builds upon Coca-Cola Serbia’s previous successful NFT initiatives, further solidifying the Solana (SOL) presence in the NFT space. This caught investors’ attention, but Solana’s trading volume still decreased by 33% in the last 24 hours. The Solana (SOL) token currently stands at $21.74, exhibiting a 0.3% increase in the last 24 hours. The experts predict that Solana (SOL) will solidify and drive the price up to $25 by the end of the year. Pomerdoge (POMD) P2E Game Making Waves in the Meme-Coin Community Pomerdoge (POMD), the brand-new play-to-earn (P2E) game, is generating significant excitement within the meme coin community. With an ambitious vision to combine the best features of its competitors, Pomerdoge (POMD) aims to establish itself as a leading player in the meme-coin market by offering an innovative and immersive gaming experience. Having undergone meticulous audits by SOLIDProof and Interfi Network, Pomerdoge (POMD) is all set to launch in September, introducing the thrilling P2E game called Pomergame to players worldwide. Pomerdoge (POMD) presale buyers are in for an exclusive treat, gaining access to the highly coveted collection of 7,777 limited-edition NFTs available during July. Currently, in Stage 1, the Pomerdoge (POMD) token can be acquired at an attractive price of only $0.0035. Additionally, Pomerdoge (POMD) provides the chance to participate in $100,000 weekly giveaways within the Pomerdoge Telegram group and earn a revenue percentage. For more information about the Pomerdoge (POMD) presale: Click Here For Website Click Here To Buy POMD Presale Tokens Join Our Community on Telegram
 
Bitgert (BRISE) witnessed a 23.19% price surge in 24 hours. Numerous partnerships and new listings hint at Bitgert’s potential growth. Bitgert (BRISE), the famous crypto engineering project, has been making waves with a significant price surge. In just 24 hours, BRISE witnessed a 23.19% surge, reaching an all-time high (ATH) for this month at $0.000000317. Although the coin has shown a strong rebound from its June low, it has yet to confirm a full-fledged bullish reversal. Nonetheless, crypto investors who bought at its peak are still holding onto their BRISE in hopeful recovery. BRISE Price Chart, Source: TradingView Is Bitgert(BRISE) Rebound Game Strong ? Currently, the price of BRISE stands more than 86.5% down from its ATH of $0.00000184. Moreover, trading volume has surged by 224.30%, reaching $6,233,611. This heightened activity indicates increased interest in the coin. Meanwhile, Bitgert has also forged notable partnerships with platforms like ChangeNow, enabling users to purchase BRISE using fiat currency, along with collaborations with NFTFeed and Lifty.io, enhancing the coin’s usability and ecosystem. As Bitgert enters its third year, it welcomes a new listing, and plans are underway for BRISE to be listed on ten major exchanges in August, further expanding its reach and visibility in the market. Finally, Despite currently standing at $0.0000003126, 92.24% lower than its all-time high. The coin’s recent developments, partnerships, and growing trading volume all point to a promising outlook for BRISE. As the P2P exchange plan with community support prepares to launch on August 1, 2023, the Bitgert community eagerly anticipates the next phase of this intriguing crypto journey.
 
Litecoin’s (LTC) price reached $110 on June 30, marking a significant landmark. The trading price of the LTC has dropped below the $90K mark. In recent days, one topic has taken over the headlines in the crypto market. The upcoming Litecoin Halving has become the most anticipated event among the crypto community. Moreover, with the hype getting higher, Litecoin’s (LTC) price reached $110, marking a significant landmark on June 30. The most anticipated Litecoin Halving event has been scheduled for August 2, 2023. The Litecoin Halving is just seven days away. However, the LTC trading price depicts fears of dropping below the $90 level. The whole crypto market expects the LTC drop to be a sign to pull back higher. Litecoin (LTC) Price Shows a Significant Drop In mid-June, the LTC trading price showed massive bullish intent to reach $70 to $110 in just three weeks. After Litecoin crossed $110, the whole crypto market started to expect it to experience more highs in the coming days. However, the trading price of the LTC has dropped below the $90K mark. The sudden drop has sent shockwaves to the whole crypto market. The hype for Litecoin Halving is getting higher as there are seven days left for the event. After announcing the schedule, the Litecoin Network has shown remarkable milestones in recent days. The LTC whale activity also experienced a significant increase. With Litecoin Halving around the corner, the whales are continuously accumulating LTC tokens. However, the LTC price has shown a decline recently. The drop is expected to be a sign to pull back higher as the Halving takes place in just seven days. At the time of writing, the LTC price is around $89.31, with an increase of over 0.11% in the last 24 hours. The trading volume of LTC has experienced a decline of 15.89%, according to CoinMarketCap.
 
ZUG, Switzerland–(BUSINESS WIRE)–#discussions–The Web3 Foundation, best known for its leading project, Polkadot, unveiled a new initiative to encourage roundtable dialogues with regulators worldwide. The first of such meetings was conducted in Tokyo, Japan, on July 25th, and brought together individuals from regulatory bodies, government institutions, and industry stakeholders. The Foundation’s representatives included CEO Bertrand Perez, Bjorn Wagner, the CEO of Parity Technologies, a leading contributor to the Polkadot network and Yusuke Obinata, a council member of the Foundation. In the context of the swift adoption of blockchain technology and regulatory evolution, the Foundation emphasises the importance of taking a proactive stance in initiating meaningful conversations with policymakers around the globe. Established in 2017 by Dr. Gavin Wood, co-founder of Ethereum and Founder of Polkadot, the Foundation is headquartered in Zug, Switzerland, commonly known as ‘Crypto Valley.’ Being situated in a region known for its supportive regulatory and taxation policies towards the Web3 ecosystem, the Foundation has gained valuable insights. It aspires to disseminate these positive experiences from Zug and foster the adoption of similar pro-Web3 regulations around the globe. The roundtables build on the Foundation’s closely maintained connections with other jurisdictions, by sharing its progress and technical advancements. Over the past three years, the Web3 Foundation has engaged in a continuous dialogue with the Securities and Exchange Commission (SEC) in the United States. The insights gained from these conversations have significantly informed the development and regulatory navigation of Polkadot, the Foundation’s flagship blockchain project. The team took the SEC’s invitation to engage with its Strategic Hub for Innovation and Financial Technology (FinHub) and participated in more than 50 meetings. Bertrand Perez, CEO of the Web3 Foundation said: “Web 3.0 is a transformative wave that will repair many of the current internet’s shortcomings. Like any emerging technology, it presents valid concerns that governments and policymakers need to address. As strong advocates of this technology, our role is to stand alongside these organisations, assisting in addressing these issues or questions in a manner that promotes innovation. The roundtable in Japan will be a crucial first step in growing our regulatory network in Japan and APAC more broadly.” In parallel with the Foundation delegation’s participation in the roundtable discussion, Japan’s Prime Minister Fumio Kishida unveiled the country’s intent to back Web3 technology. At the WebX conference held in Tokyo, Prime Minister Kishida acknowledged, “Web3 is part of the new form of capitalism.” He underscored the significance of Web3 as a vital element of Japan’s economic strategy, which is centred around growth, innovation, wealth distribution, digital transformation, and the support of startups. Yusuke Obinata, a council member of the Foundation, said: “Japan has a growing opportunity to cement itself as a crypto hub and a welcome environment for Web3 entrepreneurs. The Foundation’s experience with Zug, Switzerland is illustrative when regulators engage with the industry and take a thoughtful and pragmatic approach to regulation. The positive response from the industry represents a great example of how increased understanding between the industry and regulators can make meaningful changes to regulation that both reflect Web3 technology and support innovation within their jurisdictions.” The Web3 Foundation is committed to fostering an open dialogue between the blockchain community and regulatory bodies. By sharing its experiences and technical expertise, the foundation aims to encourage pro-Web3 policies that will nurture the growth of this transformative technology worldwide. Contacts Úrsula O’Kuinghttons [email protected]
 
The Litecoin (LTC) price decrease was a healthy retracement as it pulled back toward the $92 mark. Such retracements are standard after prolonged upward trends and are often seen as an opportunity for the market to find stability before continuing its upward trajectory. However, in the case of Litecoin, the bears have become increasingly dominant, signaling potential resistance ahead. LTC has been facing a significant price drop, falling below the crucial $90 level to $89.47, as reported by CoinGecko. The altcoin experienced a minor 0.3% increase in the last 24 hours, which hardly compensates for the troubling seven-day slump of 3.6%. This sharp decline has sparked concerns among investors and traders, as the once-promising bullish momentum seems to have taken a dramatic turn for the worse. Litecoin Struggles To Surpass $92 One key factor contributing to the current bearish trend is Litecoin’s inability to climb past the $92 mark. LTC has repeatedly failed to breach this level and has instead posted lower lows, indicating a loss of bullish momentum, as noted in this LTC price report. When a cryptocurrency struggles to surpass crucial resistance levels, it typically shows waning buyer interest and growing selling pressure, leading to a downward spiral. As LTC’s price continues to decline, investors are now concerned about the $87.65 support level. Historically, this level has held firm during previous price declines as a crucial barrier against further downside movements. However, given the recent price behavior and lack of significant buying support, there are growing concerns that the $87.65 support may falter. Halving Explained Halving is one of the critical events that have shaped Litecoin’s history and price movements. Halving is a protocol-driven event that occurs approximately every four years in Litecoin’s blockchain. During this event, the block reward for miners is reduced by half. In other words, miners receive 50% fewer LTC for verifying transactions and adding blocks to the blockchain. The purpose of halving is to control the inflation rate of Litecoin and ensure a limited supply, similar to Bitcoin’s halving mechanism. By reducing the mining rewards, halving makes it more challenging and costlier for miners to add new coins to circulation, reducing the recent supply influx. This scarcity can lead to increased demand and potentially drive up the price of Litecoin. Examining Litecoin’s price action before the upcoming halving event can provide valuable insights into its market dynamics. In the lead-up to the halving, anticipation often builds, driving speculative interest. However, post-halving, the market tends to experience increased volatility as it finds a new equilibrium with the reduced supply. (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 Sanfermin.com
 
LAS VEGAS–(BUSINESS WIRE)–$AGREE #172_Percent_Growth_Qtr_to_Prior_Qtr—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) today announced preliminary unaudited revenue for the three-month period ended June 30, 2023. Key highlights of Ault Alliance’s second quarter 2023 financial performance included: Preliminary revenue for the three months ended June 30, 2023 significantly increased by $29.9 million, or 172%, reaching $47.3 million, from $17.4 million recorded in the same period of 2022; and From the first quarter of 2023, the preliminary second quarter 2023 revenue showed a robust growth of $16.1 million, or 52%, up from $31.2 million for the three months ended March 31, 2023. Preliminary unaudited revenue by business segment are as follows: Preliminary Actual Actual Business Segment Q2-2023 Q1-2023 Q2-2022 Giga-tronics Incorporated $ 8,800,000 $ 8,708,000 $ 6,503,000 Imperalis Holding Corp., d/b/a TurnOnGreen, Inc. 700,000 876,000 1,062,000 Technology and finance: The Singing Machine Company, Inc. 2,600,000 3,383,000 – Revenue, cryptocurrency mining 8,400,000 7,347,000 3,976,000 Revenue, commercial real estate leases 300,000 458,000 272,000 Revenue, lending and trading activities 9,500,000 (4,939,000 ) 943,000 Ault Global Real Estate Equities, Inc. 4,400,000 2,243,000 4,598,000 Energy and Infrastructure: Circle 8 Crane Services LLC 12,600,000 12,646,000 – Other – 464,000 12,000 Total revenue $ 47,300,000 $ 31,186,000 $ 17,366,000 Expressing his satisfaction with the second quarter performance, Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “Our unwavering commitment to robust revenue growth is reflected in our impressive second quarter 2023 results. Key contributors to our significant growth include our lending and trading operations and Bitcoin mining operations. Our strategic investments across three major segments – technology and finance, real estate, and energy and infrastructure – have formed a solid foundation for sustained growth. Furthermore, the consistent positive impact of the Circle 8 crane operations since its strategic acquisition in December 2022 underscores the success of our diversified investment approach. Looking ahead, we are optimistic and resolute about maintaining this upward trajectory for the remainder of 2023 and beyond, given our solid business foundation.” For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or available at www.sec.gov. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com. Contacts [email protected] or 1-888-753-2235
 
The leading blockchain and cryptocurrency infrastructure provider in the world, Binance, today unveiled two new product updates on Binance.com that will continue to give customers the liquidity they need and support as many projects as possible while also educating them about volatility and dangers. The first product improvement adds new Seed Tags to take the position of Binance’s Innovation Zone, which debuted over three years ago. This area was created specifically for users to trade novel, innovative tokens that are more likely to have greater volatility. Users’ input demanding a simpler method to distinguish between tokens featured in the Innovation Zone and Main Trading Zone led to the introduction of Seed Tags. All tokens listed in the Innovation Zone going forward as well as those that represent creative projects with potential for more volatility and risk than other listed tokens will get Seed Tags. The Monitoring Tag is a second product improvement that is added to listed tokens with noticeably high volatility in comparison to other listed tokens. In order to inform customers of the possible hazards of trading tokens with high volatility, Binance is the first significant cryptocurrency exchange to implement tiered volatility monitoring improvement. Because Binance takes responsible trading seriously, in order to access tokens with Seed Tags or Monitoring Tags, users must successfully complete the corresponding quizzes on the Binance Spot and/or Binance Margin platforms to learn about the risks and consent to the Terms of Use every three months. The accompanying Binance Spot and Binance Margin trading pages, as well as the Markets Overview page, both display the Seed Tags and Monitoring Tags. Additionally, for all tokens with the Seed and Monitoring Tags, a risk warning banner will be shown. In order to determine if the relevant Tags should be added to or deleted from a project, Binance will undertake regular project reviews. An example of a token showing the Monitoring Tag in the top picture and the Seed Tag in the bottom image Each week, Binance gets approximately 300 pieces of feedback, and it has always taken these comments carefully while developing new products. In order for the exchange to continue to develop and provide its community with the greatest user experience possible, it urges users to continue to provide their feedback.
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