X, a little-known digital asset, has experienced an astronomical surge, rallying by more than 1,000% following Elon Musk’s revelation about a Twitter rebranding venture. The obscure altcoin is linked to Project X—a decentralized NFT marketplace that operates across various blockchain networks. To ensure community-driven governance, the X DAO plays a crucial role, empowering users who have staked their X tokens to obtain the coveted veX governance token, granting them voting privileges within the platform. Musk’s vision for X and its potential influence on the financial landscape is a driving force behind his decision to appoint Linda Yaccarino as the CEO of Twitter in May. The ultimate goal is to facilitate the transformation of Twitter into X, bringing the ambitious “super app” project to life and expanding its reach to a massive user base. Twitter Rebrand Plan Boosts X Coin Price Over the weekend, Musk took to Twitter to reveal his ambitious intentions, announcing the retirement of the distinct blue bird symbol that has long served as Twitter’s iconic logo. The eccentric billionaire aimed to give the micro-blogging platform a fresh identity by changing its name to X.com. Little did he know that this seemingly unrelated move would significantly impact an obscure cryptocurrency. Following Musk’s surprising announcement, the next few hours witnessed an unexpected reaction from the relatively unknown X token. Coingecko data revealed that the price of X skyrocketed to $0.00037534, experiencing an astounding 24-hour rally of 1,628.2%. Even more astonishing was its seven-day surge, reaching 1744.2%. This unprecedented price action caught the crypto community’s attention, leading to speculation about the potential reasons behind the token’s sudden surge. In a follow-up tweet, Musk wrote, “If a good enough X logo is posted tonight, we’ll make (it) go live worldwide tomorrow.” This cryptic message intensified excitement and speculation surrounding the X token, leaving investors and enthusiasts anticipating the future of this enigmatic digital asset. Musk’s Vision For X Musk has set his sights on creating a revolutionary “super app,” also called X, drawing inspiration from the trendy WeChat platform, which dominates messaging, social media, and payment services in China. He has openly expressed his desire to emulate the success of WeChat, aiming to develop an all-encompassing platform that could reshape how people interact and conduct transactions. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

The OpenAI CEO’s Worldcoin (WLD) project is officially live now. Binance announced the listing of the Worldcoin (WLD) token. Worldcoin, the project founded by OpenAI CEO Sam Altman, launched the cryptocurrency project on July 24. The tokens will be distributed and made public, according to the report. The Worldcoin Twitter page confirmed that the Worldcoin project is now live. After the announcement, the crypto exchange Binance announced the listing of the Worldcoin (WLD) token. On July 24, Open AI chief executive officer Sam Altman introduced the Worldcoin cryptocurrency. The Worldcoin official Twitter page posted a tweet mentioning Its time 24.07.2023. The tweet is expected to be the launch announcement for the token. In the tweet, they didn’t add any further details about the launch. Following the announcement, Worldcoin posted a tweet confirming the launch of the Worldcoin project. The team expects that Worldcoin (WLD) will drastically increase economic opportunities and provide a scale-reliable solution for humans. Binance, the largest crypto exchange, has announced the listing of the recently launched Worldcoin (WLD) token. Users can now start depositing on WLD. Moreover, withdrawals for the WLD tokens are set to open on July 25. The trading pairs for the listing are WLD/BTC and WLD/USDT. Worldcoin Is Restricted to the US Users The leading crypto exchange, OKX, has opened the Worldcoin recharge page, which supports ERC20 and Optimism. Recently, Tools for Humanity, the technology company behind the Worldcoin project, raised $115 million in series C financing supported by Blockchain Capital and other investors, including a16z, Bain Capital Crypto, and Distributed Global. According to the report, Worldcoin will not be distributed in the United States because of regularity uncertainty, as evidenced by the U.S. SEC’s recent lawsuits against the leading crypto exchange. Moreover, the co-founders and investors who live in the United States will be allowed to receive the coin from outside the United States. If the value of the coin increases, it is expected to be a massive project for Sam Altman and also for investors. Moreover, investors are getting more excited about the recent crypto launch. The report also mentioned that Worldcoin is an attempt at global scale alignment. So the journey will be challenging, and the outcome will be uncertain.

Twitter rebrands to “X” with a black color scheme. X app combines audio, video, messaging, payments, and AI-driven marketplace. Elon Musk once again sparked a social media storm by announcing the Twitter rebranding to “X,” which went live just hours ago. Twitter’s CEO, Linda, tweeted, “X is here! Let’s do this,” alongside a picture of the Twitter headquarters now painted with the “X” logo. The announcement, made on July 23, revealed Elon’s plan to bid farewell to the Twitter brand and gradually phase out all the birds. While some people weren’t surprised by Elon’s bold move, many were thrilled to see what this new “X” birdie had in store. The Twitter rebranding entails changing the color scheme to black, bidding farewell to the iconic blue bird logo, and adopting the name “X.” Black is the New Blue- What is Behind Elon’s “X” ? The journey to “X” began with Elon registering X.com in 1999, which later became synonymous with his sentimental attachment. Having regained ownership of the domain a few years ago, He used “X.com” as the new domain for the newborn “X.” This dots back to the previous April announcement when Twitter rebranded itself as “X Corp,” while retaining the name Twitter. Now, the transition to the new domain, http://x.com, seems complete. Meanwhile, Twitter CEO Linda further fueled the community’s anticipation, as she mentioned that “X would bring in everything the fans. And critics had been pushing Twitter to achieve for years. We have already witnessed X taking shape ….through rapid feature launches, but it’s only the beginning” Further, Linda’s tweet provided insight into what X could be. She stated that it would be an app combining audio, video, messaging, and payments/banking. And even creating a global marketplace for ideas, goods, services, and opportunities—all powered by AI. This comprehensive approach has the community buzzing with excitement. Finally With X gradually making its presence felt, it raises the question of how this reimagined platform will shape the future of social networking.

Co-founded by Sam Altman, Alex Blania and Max Novendstern, the Worldcoin project aims to increase economic opportunity and enable global democratic processes in the Age of AI INTERNET, Everywhere / George Town, Cayman Islands–(BUSINESS WIRE)–The Worldcoin Foundation (the “Foundation”) today announced that the Worldcoin project completed the protocol’s migration to the OP Mainnet, unveiled plans to scale Orb sign ups for World ID to more than 35 cities across 20 countries globally and released the World ID SDK. In tandem, the Foundation’s subsidiary, World Assets Ltd., minted and released the Worldcoin token (WLD) to the millions of eligible people who participated in the beta; WLD is now transactable on the blockchain.☨ Tools for Humanity (TFH), a technology company building on the Worldcoin network, also today introduced a new release of World App, the first protocol-compatible wallet that currently allows individuals to reserve their share of the WLD digital currency, where laws permit. “In the age of AI, the need for proof of personhood is no longer a topic of serious debate; instead, the critical question is whether or not the proof of personhood solutions we have can be privacy-first, decentralized and maximally inclusive,” said Worldcoin project co-founder and TFH CEO, Alex Blania, speaking from Berlin, Germany. “Through its unique technology, Worldcoin aims to provide anyone in the world, regardless of background, geography or income, access to the growing digital and global economy in a privacy preserving and decentralized way. These protocol-level aims align closely with ours for World App.” It is estimated that 4.4 billion people worldwide lack a legal, digitally-verifiable identity. As a result, participation in the global economy and access to critical services like government aid, financial services and healthcare are drastically limited. Co-founders Sam Altman, Alex Blania and Max Novendstern conceived of the Worldcoin project with the ambition of equitably increasing economic participation and improving access to essential services in a way that’s privacy-preserving, decentralized, open source and centered around humanness. The Worldcoin protocol’s decentralized identity and financial network was designed to unlock and equitably distribute the potentially massive economic implications of AI. If successful, the project could drastically increase economic opportunity, scale a reliable approach for distinguishing humans from AI online while preserving privacy, enabling global democratic processes and eventually providing a potential foundation for AI-funded universal basic income (UBI). The protocol currently consists of: World ID, a privacy-preserving digital identity designed to help solve important, identity-based challenges, including proving an individual’s unique personhood Worldcoin token (WLD), the first digital currency to be freely distributed to people just for being a unique human* World App, the first World ID-compatible app, developed and operated by Tools for Humanity, that enables payment, purchases and transfers globally using digital assets and fiat-backed stablecoins “The aim of the Worldcoin Foundation is both philosophical and political: to realize more inclusive, fair and just institutions of governance and of the global digital economy, including by helping achieve certain targets of U.N. Sustainable Development Goal 16 (namely, 16.4, 16.5, 16.6, 16.7 and 16.9). This aim is shared by those who contribute to or have regular contact with the Worldcoin projects,” said the Foundation’s Board of Directors. Availability The Worldcoin protocol, World ID, WLD tokens and the World App are now globally available where laws allow. Orb-verified World ID services are expected to roll out to more than 35 cities in the coming months. More immediately, these services will be available for a limited time in the following cities: Dubai, Hong Kong, London, Los Angeles, Mexico City, Miami, New York, Paris, San Francisco, São Paulo, Seoul, Singapore and Tokyo. Tools for Humanity’s World App is available in the App Store and Google Play in more than 120 countries. About the Worldcoin Foundation The Worldcoin Foundation aims to realize more inclusive, fair and just institutions of governance and of the global digital economy. The Foundation is the initial steward of the Worldcoin protocol and will support and grow the Worldcoin community until it becomes self-sufficient. It will do this by facilitating decentralization of the project over time consistent with the Worldcoin project’s goals and mission-focused ethos. About the Worldcoin Protocol The Worldcoin protocol is intended to be the world’s largest, most inclusive identity and financial public utility and to be owned by everyone. The project was originally conceived by Sam Altman, Alex Blania and Max Novendstern. The Worldcoin protocol is designed to empower individuals and organizations around the world with the tools they need to participate in the digital economy and advance humanity’s progress. Find out more about the Worldcoin project at www.worldcoin.org, on Twitter, Discord, YouTube and Telegram. ☨Crypto products can be highly risky and their regulatory treatment is unsettled in many jurisdictions. There may be no regulatory recourse for any loss from transactions in WLD. Any value ascribed to WLD may change quickly and may be lost in its entirety. Further, the technologies comprising Worldcoin, including the WLD token, are experimental in nature. There is no guarantee that the network will operate as planned. For more information, visit www.worldcoin.org/risks. * Nothing herein constitutes an offer to sell, or the solicitation of an offer to buy, Worldcoin tokens (WLD). Nor does this content constitute investment advice. Holding, buying, or selling WLD may not be permitted where you live, and it is your responsibility to comply with all applicable laws. Worldcoin (WLD) tokens are not intended to be available to residents of the United States or certain other restricted territories. More details can be found at www.worldcoin.org/tos. Contacts [email protected]

Dogecoin, the popular meme coin, is making waves once again. A recent tweet by renowned analyst Ali Martinez has made waves in the crypto community, hinting at the potential for a significant rally for DOGE. In a Twitter post that quickly gained traction, Martinez highlighted an intriguing pattern on the monthly chart of Dogecoin. According to the analyst, the last time a descending triangle formed on the weekly chart, DOGE experienced a jaw-dropping pump of 23,200%. Now, as history could repeat itself, Martinez is keeping a close eye on a crucial resistance for confirmation. As the tweet states: The journey for Dogecoin has been quite the rollercoaster ride. Back in January 2018, DOGE reached an all-time high of nearly $0.02, only to enter a prolonged phase of consolidation, forming the descending triangle over the next three years. However, with the onset of the new bull market, catalyzed by Bitcoin’s momentum, DOGE finally managed to break out of its extended consolidation pattern, surging to a peak of $0.7588 on May 8. Dogecoin Price Analysis 1D Chart Taking a closer look at the 1-day chart, it becomes evident that Dogecoin is now facing a critical turning point. Will the price manage to reverse its trend, or will it succumb to a continuation of the downtrend after a short pause of bullish activity? In the case of Dogecoin, the ascending triangle could signal a trend reversal. Since DOGE reached the local high of $0.1591 on November 01, 2022 as a result of the hype surrounding Elon Musk’s acquisition of Twitter, DOGE has been in a clear downtrend. From November to mid-June, DOGE has written lower highs, lower lows on the 1-day chart. But since hitting a 13-month low at $0.0536 on June 10, DOGE has shown signs of an uptrend, forming what’s known as an ascending triangle. This particular pattern falls under the category of consolidation formations, usually indicating a continuation of the previous trend after a brief period of consolidation. However, in exceptional circumstances, such as this one, an ascending triangle can signal a trend reversal. As the Dogecoin community eagerly awaits the potential implications of this ascending triangle, it is essential to observe the resistance levels that lie ahead. Dogecoin must confirm the pattern by continuing its upward trajectory and break through the $0.075 resistance. This level has proven to be a formidable barrier in the past, as three previous attempts to breach it were unsuccessful. In the event of a successful breakout, the first hurdle lies at $0.0783, marked by the 23.6% Fibonacci retracement level. Should DOGE surpass this resistance, a rise to $0.0936 becomes a realistic possibility, where the 38.2% Fibonacci retracement level is situated. Further bullish targets include $0.1036 (50% Fibonacci retracement level), $0.1186 (61.8% Fibonacci retracement level), and $0.1363 (78.6% Fibonacci retracement level). Ultimately, reaching the previous high of $0.1591 from November 2022 would be the most ambitious goal, although the potential for heightened selling pressure at that point remains a consideration. Currently, a drop below $0.07 would invalidate the ascending triangle theory. Should this happen, the first bearish target could be $0.0636. Then, the yearly low at $0.0536 could come into focus.

Bitcoin Cash price started a downside correction and tested $230 against the US Dollar. BCH might aim a fresh rally toward the $280 and $300 levels. Bitcoin cash price is consolidating above the $230 level against the US Dollar. The price is trading below $255 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate higher if it clears $255 and $265. Bitcoin Cash Price Prepares For The Next Move After a strong rally, Bitcoin Cash price faced sellers near the $300 zone. BCH traded as high as $294 and started a downside correction, like Bitcoin and Ethereum. There was a move below the $280 pivot level. The price even declined below $255 before the bulls appeared near $230. A low is formed near $232 and the price is now slowly moving higher. There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH/USD pair. The pair cleared the 23.6% Fib retracement level of the downward move from the $294 high to the $232 low. Bitcoin Cash is now trading below $265 and the 100 simple moving average (4 hours). Immediate resistance is near the $255 level. The next major resistance is near $265 or the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $294 high to the $232 low. Source: BCH/USD on TradingView.com Any further gains could lead the price toward the $280 and $285 resistance levels in the near term. The next major hurdle is near the $300 level. Dips Supported in BCH? If Bitcoin Cash price fails to clear the $255 resistance, it could start a fresh decline. Initial support on the downside is near the $240 level. The next major support is near the $232 level, where the bulls are likely to appear. If the price fails to stay above the $232 support, the price could test the $220 support. Any further losses could lead the price toward the $200 handle in the near term. Technical indicators 4-hour MACD – The MACD for BCH/USD is gaining pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI is currently above the 50 level. Key Support Levels – $240 and $232. Key Resistance Levels – $255 and $265.

Ethereum price is struggling to clear the $1,900 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,850. Ethereum is showing bearish signs below the $1,920 level. The price is trading below $1,900 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline steadily if the price remains below $1,900. Ethereum Price Remains At Risk Ethereum’s price made another attempt to settle above the $1,900 level. However, ETH failed to gain bullish momentum above the $1,900 resistance and started a fresh decline, similar to Bitcoin. The price declined below the $1,885 and $1,875 levels. The bulls are now active above the $1,860 level. A low is formed near $1,863 and the price is now consolidating losses. There is also a key bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD. Ether is trading below $1,900 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,885 level. It is close to the 50% Fib retracement level recent drop from the $1,903 swing high to the $1,863 low. The first major resistance is near the $1,890 level or the 100-hourly Simple Moving Average. It is close to the 61.8% Fib retracement level recent drop from the $1,903 swing high to the $1,863 low. Source: ETHUSD on TradingView.com The next major resistance is near the $1,900 level and the trend line, above which the price could test the main resistance at $1,920. Any more gains could send Ether toward the $2,000 resistance in the near term. More Losses in ETH? If Ethereum fails to clear the $1,900 resistance, it could continue to move down. Initial support on the downside is near the $1,865 level. The first major support is near the $1,850 level, below which the price might gain bearish momentum. The next major support is near the $1,825 support level. A close below $1,825 could spark sharp bearish moves toward the $1,720 level. Any more losses could open the doors for a move toward the $1,650 support level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,850 Major Resistance Level – $1,900

MATIC, following a notable price pullback that briefly dipped to $0.53, has encountered a slowdown in its bullish momentum. Over the past 24 hours, the altcoin witnessed a decrease of around 1.5% in its value, with weekly losses amounting to 4.8%. Currently, MATIC is hovering around a critical support level. This indicates that bears might dominate the upcoming trading sessions unless they move away from this support zone. To regain bullish traction, MATIC must sustain a price above the current support level. If successful, the altcoin may attempt to rise again. However, to fully restore its bullish momentum, it will be essential for MATIC to trade above the $0.85 price mark, which has previously acted as significant resistance. The slight decline in MATIC’s market capitalization indicates a potential slowdown in buying strength on its daily chart. MATIC Price Analysis: One-Day Chart At the time of writing, MATIC was trading at $0.75, having experienced a sharp decline from its previous position at $0.90. Despite a recovery attempt, MATIC is currently trapped at a crucial support level. The $0.75 price mark holds significant importance, as failure to sustain it could lead to a loss of buyer momentum, potentially pushing the price down to $0.65. If the altcoin falls below $0.65, it may further drop to $0.60. For MATIC to reverse its downward trend in the upcoming trading sessions, it must successfully surpass the $0.80 level. Achieving this could propel MATIC towards the challenging resistance at $0.85, a historical price ceiling for the altcoin. Technical Analysis Due to decreased demand, the altcoin experienced a decline in buying strength when it failed to maintain its price at $0.76. Although the Relative Strength Index (RSI) remained above the half-line, the reduced presence of buyers was evident. If bears push the price further, sellers could gain complete control of the price action. Additionally, the altcoin’s price was slightly above the 20-Simple Moving Average (20-SMA) line. However, in the next trading session, MATIC might dip below the 20-SMA, indicating a gradual exit of buyers from the market. The daily chart for the altcoin has shown clear signs of buyers exiting the market, with a sell signal becoming evident. The Moving Average Convergence Divergence (MACD) displayed one red histogram, signaling a sell indication for the altcoin. Moreover, the Directional Movement Index (DMI) indicated a negative direction for the asset. The -DI line (orange) crossed over the +DI line (blue), pointing to the altcoin’s bearish movement. Furthermore, the Average Directional Index (ADX – red) dipped and was close to the 20-mark, suggesting a weakening strength in the bullish price action.

Bitcoin price is moving lower from the $30,350 level. BTC is showing bearish signs and might decline further toward the $29,650 and $29,500 support levels. Bitcoin is moving lower below the $30,000 pivot level. The price is trading below $30,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $29,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline below the $29,500 support zone. Bitcoin Price Turns Red Again Bitcoin price attempted a fresh increase above the $30,400 resistance zone. However, BTC struggled to settle clear the $30,350 level and started a fresh decline. There was a bearish reaction below the $30,000 support zone and the 100 hourly Simple moving average. The price declined below the 61.8% Fib retracement level of the upward move from the $29,650 swing low to the $30,333 high. Bitcoin is trading below $30,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $29,720 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $30,000 level and the 100 hourly Simple moving average. The first major resistance is near the $30,150 level. The next major resistance is near the $30,350 and $30,400 levels. A close above the $30,400 level might start a fresh increase. Source: BTCUSD on TradingView.com In the stated case, the price could rise toward the $30,850 level. Any more gains could open the doors for a move toward the $31,200 resistance zone. Fresh Low in BTC? If Bitcoin fails to clear the $30,000 resistance, it could continue to move down. Immediate support on the downside is near the $29,720 level and the trend line. The next major support is near the $29,650 level, below which the price could revisit the key support at $29,500. If BTC fails to stay above the $29,500 support, the bears could aim for a fresh low below $29,200. The next support is near the $28,650 level. Any more losses might call for a move toward the $28,200 level in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $29,650, followed by $29,500. Major Resistance Levels – $30,000, $30,150, and $31,400.

Long noticed Amsterdam-based Adyen being granted access to the FedNow system. The CEO is presently in the middle of a lawsuit against the Fed over the master account. Caitlin Long, CEO of Custodia Bank, asserts, “The law is very clear,” with the exception of the Fed’s involvement. She noticed Amsterdam-based Adyen among the first group of 35 financial institutions that were granted access to the new 24-hour payment system FedNow on Thursday. The financial technology business got a bank license in Europe, “backdoored itself into the system,” according to comments made by the CEO. Long called it “very un-American” for a European firm to secure a position while U.S. companies cannot. As a result, she has made the claim that the Federal Reserve is “not applying the law.” Lawsuit Over Master Account A U.S. government payments charter would provide Long’s Custodia Bank access to the FedWire network, which processed over $1 quadrillion in 2022. She is presently in the middle of a lawsuit against the Fed, which, according to Long, is attempting to “turn tail and run” and “make an example” of Custodia. In addition to Custodia, the Federal Reserve is blocking the acquisition of a master account by eight additional fintech companies, four of which are in the crypto market. Furthermore, Long, a seasoned lawyer, said that “this is all bigger than crypto.” But, she pointed out, the crypto sector may be the one to put a stop to the government’s intrusiveness. She refers to the lawsuits that crypto firms like Ripple are filing as “bet-the-farm” cases, and she claims that the courts are increasingly on the side of the industry. Moreover, the CEO feels that the new FedNow service is inadequate. Highlighted Crypto News Today: Shibarium Testnet Hits 31M Transactions Ahead of Mainnet Launch

SHIB to Shine at Blockchain Futurist Conference: Official title sponsor, showcasing SHIB and Shibacals. Shibacals Tweet Teases Exciting Unveiling: Shiba Inu’s real-life component creating anticipation. Shibarium Hackathon and SHIB Showcase: Multi-month event to feature SHIB and Shibacals. Shiba Inu will be playing a prominent role at the upcoming Blockchain Futurist Conference, scheduled to take place in Toronto, Canada, on August 15-16, 2023, where it will be featured as the official title sponsor. Additionally, Shiba Inu has been designated as the official Terabyte sponsor of the ETH Women Conference, which is part of ETH Toronto and the Blockchain Futurist Conference. These events provide a platform for showcasing SHIB and its in-real-life (IRL) component, Shibacals. Shibacals tweeted about unveiling of insane toys and physicals The Shibacals team appears to be well-prepared and enthusiastic about their participation in the events. In a tweet, they shared their dedication to the task, announcing the unveiling of many toys and physical items at the ETH Toronto event. As part of the conference activities, Shibarium will conduct a multi-month Hackathon, in alignment with the Blockchain Futurist Conference, ETH Toronto, and ETH Women, as confirmed by Shiba Inu lead, Shytoshi Kusama. SHIB will have two booths, a VIP cabana, and a keynote session to showcase Shibarium and the comprehensive suite of SHIB-themed products, platforms, and services, which includes Shibacals. Shibacals, introduced by the Shiba Inu team in June, offers the Shiba Inu community an opportunity to foster stronger connections and create lasting memories during Shiba-themed conferences and gatherings, providing them with an in-real-life (IRL) sense of belonging.

Hoskinson said in an AMA back in April that ZK-rollups will soon be available on Cardano. The CEO said that the rollout is happening quickly, with Midnight expected to be the first user. In an intriguing update, Cardano CEO and founder Charles Hoskinson discusses the recent addition of rollups to the network. The founder of Cardano was asked which project he was talking about when he mentioned rollups or a rollup strategy in two separate YouTube broadcasts this year. Hoskinson said in an AMA back in April that ZK-rollups will soon be available on Cardano and that a “beautiful plan” was in the works. In answer to the user’s inquiry, Hoskinson mentioned rollups being necessary for some “sidechain” initiatives. He also said that the rollout is happening quickly, with Midnight expected to be the first user. Trustless Ecosystem Midnight, a privacy-focused blockchain launched by Cardano developer Input Output Global last year, will function as a sidechain of Cardano. By combining private and public computing with zero-knowledge cryptography (ZK proofs), Midnight will provide a trustless ecosystem for the secure and compliant storage of private and commercial information. Financial processes, healthcare information, and supply chain management are all possible use cases. Cardano has made strides in developing Layer 2 solutions, notably sidechains and off-chain solutions (such as ZK rollups), which operate independently from the main blockchain. The team behind Cardano, Input Output Global (IOG), has released a new update for Mithril, a solution designed to improve the platform’s speed and safety. On July 20th, IOG announced that Mithril had entered the testnet phase. In the next months, it will be released to the mainnet in stages. Cardano’s principal developer has expressed optimism that Mithril will improve the mainnet’s speed and functionality, albeit it acknowledges that the full effects won’t be seen for some time. Highlighted Crypto News Today: Shibarium Testnet Hits 31M Transactions Ahead of Mainnet Launch

Significant 24-hour Surge in SHIB Outflows from Large Holders’ Wallets, reaching 2.47 trillion SHIB. Unclear Reasons for Sudden Increase in SHIB Outflows despite Stable Price Trends. Concerns Over Massive SHIB Concentration among Whales, Including Large Centralized Exchanges’ Wallets. Based on on-chain data, there was a notable increase in Shiba Inu outflows from the wallets of large holders within a 24-hour period on Saturday, rising from 268 million to 2.47 trillion SHIB. The reason behind this sudden change remains unclear, especially as the price of Shiba Inu did not display any significant fluctuations during the same timeframe. Additionally, some of the outflowing tokens were offset by incoming tokens, though in smaller quantities. Shiba Inu whales hold a significant amount of SHIB It is worth noting that a significant portion of the Shiba Inu supply, approximately 636.42 trillion SHIB, including the burn address, is held in whale wallets, many of which belong to large centralized exchanges’ hot wallets. The resilience shown by these wallets in the face of substantial outflows raises speculation about the possibility of coordinated efforts by centralized entities, who may have been strategically moving tokens between wallets. The concentration of a considerable amount of SHIB among a select few wallets also raises concerns about the potential impact these holders might have on the overall Shiba Inu market.

After over 11 years of inactivity, a dormant Bitcoin address containing $31 million in BTC suddenly came to life recently. On July 22, 2023, the address transferred its entire balance to a new address. Early BTC Address Comes Back To Life Bitcoin has been around since 2009, so there are dormant addresses that have been inactive for years that contain large amounts of BTC. Some of the early adopters of this cryptocurrency were able to buy in very cheap but the private keys to many of these addresses have been lost, locking them forever. Every now and then, however, some of these addresses suddenly come back to life as the owner regains asses to the funds. The address here was one of the earliest Bitcoin addresses. According to on-chain data, it received its first transaction of 1,037 BTC in November 2012. At the time, the price of each BTC sold for only $12.41. It then received regular small deposits of BTC over the years. With the price of Bitcoin now at $29,828, this sets the total price at just over $31 million. There are a few possibilities for what could have prompted the owner to suddenly move these funds after all this time, ranging from regaining control of the private keys to cashing out and taking a profit. Whatever the reason, the sudden reawakening of dormant Bitcoin addresses has the potential to cause a stir and spark interest in the Bitcoin community. Implications For The Price Of Bitcoin When a large amount of BTC suddenly moves, it can cause temporary price fluctuations. An immediate selloff of the assets can lead to a drop in the market price of Bitcoin. However, these effects are often short-lived. Over the long run, an increase in circulating supply is unlikely to significantly impact Bitcoin’s price due to the rapid rate of adoption. Dormant BTC addresses have also been showing up in a flurry this year. Back in May, a similar address containing 1,000 BTC that was dormant for more than 11 years moved 400 BTC to a new wallet. In February, a BTC address that had been dormant for 11 years came back to life to move $9.6 million worth of BTC. These examples show that even if an address has been dormant for a long time, there is always a possibility of the funds moving again. However, many of these addresses seem to be lost forever. According to IntoTheBlock, around 29% of the total Bitcoin circulating supply is now presumed lost forever after remaining stagnant for over five years.S

Numerous cryptocurrencies, like Solana (SOL) and Chainlink (LINK), rose after a judge ruled that XRP is not a security sometimes. While these tokens have been showing green charts lately, one project currently in presale has also attracted global attention – Tradecurve (TCRV). These coins have exhibited strong market momentum, showcased robust fundamentals, and garnered attention from traders and long-term investors. Summary Solana price prediction Chainlink partners with MarketAcross Tradecurve to become a top 3 global exchange >>Register For The Tradecurve Presale<< What Is Solana (SOL)? Solana (SOL) has recently emerged as one of the hottest cryptocurrencies thanks to its highly scalable blockchain platform. With its robust ecosystem, Solana has attracted various DeFi projects, including decentralized exchanges, lending platforms, and yield farming protocols. In recent Solana news, Coinbase has restricted Solana staking in California, New Jersey, South Carolina, and Wisconsin. But, this news did not impact the Solana price – sitting at $28.38, up 2.04% overnight. As the adoption of DeFi continues to expand, Solana is well-positioned to experience further growth and attract more attention from investors. Therefore, market analysts remain bullish for Solana as they predict a rise to $29.11 by the end of July. >>Register For The Tradecurve Presale<< How High Can Chainlink (LINK) Go? Chainlink (LINK) has established itself as a prominent player in the blockchain industry by providing decentralized oracle solutions. Therefore, Chainlink’s strong reputation for reliability, security, and accuracy has led to numerous partnerships and integrations with leading blockchain projects. Recently, Chainlink Labs teamed with the content marketing agency MarketAcross to promote businesses in the BUILD program. As a result, the Chainlink price soared by 12.6%. Currently, Chainlink has a value of $6.98 with a market cap of $3.7B. As the demand for reliable data increases, Chainlink’s decentralized oracle network will help grow the blockchain ecosystem. So, prominent experts foresee a jump to $8.36 soon for the Chainlink crypto. >>Register For The Tradecurve Presale<< Tradecurve (TCRV) Looks To Overhaul the Online Trading Landscape There are countless trading platforms currently on the market. However, they often have high trading fees and lack of transparency. As a result, Tradecurve aims to become a top 3 global exchange by removing all of these issues. To complete this goal, it has created a platform incorporating CEX and DEX best features. Firstly, it handles the high trading fee problem by removing all third-party mediators. Consequently, this brings drastically lower trading fees and self-custody. Secondly, the Tradecurve team will also implement its Proof of Reserves. With many platforms like Coinbase still lacking a PoR, this development gives Tradecurve the upper hand. Most importantly, Tradecurve eliminates the intrusive sign-up KYC checks while allowing the trade of all derivatives on one account. Unlike Solana and Chainlink, Tradecurve has ties to many financial markets like the OTC derivatives one. This market had a value of $632T in April 2022. As a result, Tradecurve’s growth potential is immense. The platform’s native token, TCRV, costs $0.018 – an 80% rise from its starting price. The Stage 4 presale is 76% complete, and Stage 5 will begin next week. As a result, the TCRV price will rise to $0.025. If you wish to capitalize on this growth, plus the expected 100x pump when TCRV gets listed on a TIer-1 CEX – sign up for the presale below. For more information about the Tradecurve presale: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram

Shytoshi Kusama celebrated the new milestone by posting a “partying face” emoji. There are an average of 256,340 transactions on Puppynet per day. The community is buzzing with excitement over the impending release of Shibarium, a long-awaited Layer 2 solution for Shiba Inu. They are much more enthused than usual since the project has just reached a major milestone on its testnet. Shiba Inu co-creator Shytoshi Kusama, has made a positive remark on the recent surge in Puppynet transactions after the Shibarium testnet went live on March 11. Community Excited A Twitter user going by the handle “cryptolight Shibarium” recently said that Shibarium has completed more than 31 million transactions. Shytoshi Kusama celebrated the new milestone by posting a “partying face” emoji in the thread’s comments. The community is excited about the recent milestone. Recent daily highs in transactions occurred on July 4 (277,139) and July 11 (279,814), as reported by the Puppyscan Shibarium explorer. According to Puppyscan, there are an average of 256,340 transactions on Puppynet per day. After reaching 17,062,440 last week, there has been no movement in the number of linked wallets since then. Kusama, a famous SHIB leader, issued a dire warning to the Shiba Inu community this week about the safety of their cryptocurrency holdings. In a tweet, he advised SHIB enthusiasts to prevent losing their cryptocurrency to fraudsters and hackers by only purchasing cold wallets directly from makers. According to Kusama, the tweet was only a “security sidenote.” It was released a week before Swiss crypto wallet manufacturer Tangem, who teamed with the Shiba Inu team a few months ago, begins shipping the 5,000 SHIB cold wallets that were preordered. More than 6,000 digital currencies, including SHIB, may be stored in wallets the size of a regular bank card. Highlighted Crypto News Today: El Salvador’s Bonds Witness Whopping 60% Gains This Year

Prominent Pro-XRP lawyer John E. Deaton has downplayed the potential effects of an appeal by the United States Securities And Exchange Commission (SEC) in its ongoing case against Ripple on the sale of the XRP token as an unregistered security. SEC Nudges At Possible Appeal Against Ripple Ruling On July 13, U.S. Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled that the programmatic sales of XRP did not violate U.S. securities law as the SEC cannot prove retail investors had expected profits from this investment based on the “entrepreneurial or managerial efforts of others.” The decision was based on the Howey Test, which states that a contract, transaction, or scheme is an “investment contract” and, therefore, a security if it is (1) an investment of money, (2) in a common enterprise, (3) with the expectation of profit (4) to be gained from the effort of others. For the first time since the ruling, the SEC hinted on July 21 it might appeal this judgment in one of its petitions in another ongoing case against Terraform Labs and its co-founder, Do Kwon. The lawyers of these defendants had earlier filed a motion to dismiss the charges against their clients based on the recent Ripple ruling. However, the SEC responded by saying that the ruling which favored Ripple was “wrongly decided,” and the commission could soon explore ways to review this judgment. SEC’s Potential Appeal To Be Likely Insignificant – John Deaton In response to if an appeal by the SEC in its case against Ripple would represent a setback for XRP, popular crypto lawyer and XRP supporter Deaton has provided a positive outlook implying that was far from being the case. According to a tweet on July 22, Deaton backed up this claim stating that an appeal by the SEC would first take two years to get a decision from the second circuit. In the U.S. legal system, the courts for the second circuit represent one of the 13 U.S. Courts of Appeal. Furthermore, the lawyer stated that assuming the second circuit did determine that application of the third Howey factor was wrong, U.S. Judge Torres would still apply the first two Howey factors and arrive at the same decision. Deaton also stated that Torres’s decision was obviously not final within the Southern District Court of New York, and there is the possibility of another district judge having another conclusion. However, he expressed that was unlikely, especially as Judge Torres had made this judgment citing the ruling in the popular SEC v. Telegram case in which the commission won an injunction to prevent Telegram from distributing GRAMS tokens on the allegations of it being unregistered security. At the time of writing, XRP is trading at $0.7404, with a 3.58% gain in the last day based on data from Tradingview. XRP trading at $0.7404 on the daily chart | Source: XRPUSD Chart On Tradingview.com

The XRP community is struggling with a significant rise in profit-booking actions due to repeated attempts at smashing through the unbreakable $0.85 resistance barrier, resulting in a severe loss of traction for the Ripple altcoin price. The market is now anxiously awaiting the answer to the crucial question: Will the bullish forces muster enough strength to defend the critical $0.70 support level? Investors are patiently waiting for a definitive response as uncertainty reigns, aware of the delicate balance at stake. Following reports that the US Securities and Exchange Commission planned to appeal the recent legal verdict in favor of Ripple, XRP saw a substantial 12% fall against USDT on Binance. This appeal nullified the profits achieved during the significant spike in XRP and other altcoins brought on by the lawsuit’s successful resolution. At the time of writing, the top altcoin was trading at $0.739, down 4.6% in the last 24 hours. Despite the hiccup, XRP managed to tally a 3.0% increase in the weekly timeframe, data from crypto market tracker Coingecko shows. After hitting a barrier near the $0.85 level, XRP lost impetus, and on-chain signals indicate that whale investors may soon give in to the developing bearish trend. RSI Shows XRP Losing Steam The price of XRP decreased by 17% between July 13 and July 22. The partial victory for Ripple stoked excitement among XRP holders and drove the alternative currency to its regional high of $0.9375. It’s also important to note that XRP has yet to go very far despite a few falls over the past week as some traders took profits, with its support level still rising as of this writing. As a result, XRP remains a relatively safe investment for future gains in the short term, with the coin possibly on track to reach $0.85 in the coming days or weeks. However, the Relative Strength Index data indicates that the price surge for XRP is likely to slow down significantly over the next several days. According to the most recent data, the XRP RSI has fallen below the crucial 70 levels, reaching 68.24 at the end of July 21, after the altcoin soared to exuberant highs following the favorable SEC judgment. US-Based Crypto Exchanges Reintroduce XRP Listings In a recent Bloomberg article, the US SEC stated its position on a landmark cryptocurrency case, arguing that a federal court disfavored the organization. The regulator has indicated that it intends to appeal the judgment and continue its efforts to address the changing crypto landscape in an attempt to contest the ruling. Market Sentiment Remains Upbeat Meanwhile, since the ruling, crypto exchanges have reintroduced XRP listings in the United States. The move could provide a price boost to the token. Despite the lack of significant developments since the ruling’s delivery a week ago, the market sentiment remains optimistic, with widespread speculation that Ripple is on the verge of announcing its initial public offering, further boosting optimism and interest in the cryptocurrency. (The information presented here is not intended as financial guidance. Investment is not without risk. The capital you invest could potentially lose value.) Featured image from Health Digest

OpenSea and 776, the venture capital company are Americana’s backers. Americana enables the digital display, sharing, and trading of physically vaulted assets. The vaulting platform Americana is becoming increasingly accessible to the general public. The business, which began as a local initiative but has since expanded, is now a one-stop shop that combines the benefits of an online marketplace with those of a safe deposit box and blockchain-based ownership verification. OpenSea and 776, the venture capital company founded by Alexis Ohanian of Reddit fame, are Americana’s backers. Jake Frey, the company’s CEO, is also the founder and creative director of Frey Labs, a digital design agency whose client roster includes Apple, Snapchat, Shopify, and Twitter. Revolutionizing Vault Storage Vaulting valuables methods in banks and art storage facilities followed since the nineteenth century may make them unavailable for public display or purchase. But that’s what Americana hopes to alter. Americana enables the digital display, sharing, and trading of physically vaulted assets. Tokenized versions of the listed things may be traded without the buyer or seller ever having to set foot in the actual building since their authenticity is verified by an on-chain digital certificate. The platform may be used to vault everything from exquisite art to rare trainers to classic automobiles. In Frey’s words, “items can be as large and heavy as a vehicle but also as small and light as a stamp.” Consultation with transportation professionals is the first step in creating a unique intake strategy. After being received, assets are checked for legitimacy, digitized, and recorded before being securely vaulted. Amid rising hacks and spam attacks, such a novel approach will definitely attract art collectors from around the globe. Highlighted Crypto News Today: El Salvador’s Bonds Witness Whopping 60% Gains This Year

The team is nearing the release of Eternl v1.11.0, a major revision of the core of Eternl. Small token icons now have their own local cache thanks to this update. Eternl, a multi-platform Cardano light wallet accessible on the web via a browser extension and on mobile, is getting ready for a significant release. The Eternl team has suggested in a recent tweet that they are nearing the release of Eternl v1.11.0, a major revision of the core of Eternl. A reduced memory footprint, much quicker synchronization, and a more compact database are just a few of the enhancements and new features in this edition. The team claims that the upgrade prepares the base for Eternl v2. This would be by combining the new v2 core with the old user interface to familiarize users with the new handling or data structure. After the release, Eternl claims it will proceed with the Eternl v2 launch in full force. In-wallet swapping for exchanging Cardano native tokens in Eternl was introduced in v1.10.0, and released in December 2022. Small token icons now have their own local cache thanks to this update. Highly Anticipated Mainnet Launch As the launch of Cardano’s [ADA] Mithril mainnet came close the community began anticipating the many improvements and additions that would come with it. A blog post was been released by Input Output Global that discusses the significance of the impending upgrade. The tweet from Input Output Global hinted at an approaching launch date for Mithril. The upcoming mainnet launch is a protocol for improving the speed and efficiency of node synchronization. And, also a stake-based signature scheme. The proof of concept for Mithril was released to the public in August 2022. In December, the team officially presented Mithril to the public. The protocol improves the time it takes for nodes to synchronize, provides security, and allows for decentralized decision-making. Highlighted Crypto News Today: XDC on Fire: With a Remarkable 50% Upswing in a Week!