From its low of $1550 on September 12th, ETH has risen briefly. If the price rises above the $1657 resistance level then it will likely rally further. The recent attempt to establish the Ethereum Holesky test network was unsuccessful because of a parameter mismatch. The network is still scheduled for a formal debut soon and will become Ethereum’s biggest test network, with 1.46M validator nodes, twice as large as the primary network. The release of Holesky marks a major stride forward for Ethereum in the shift to ETH 2.0, moving user’s one step closer to a blockchain that is both more scalable and safe. Santiment, an on-chain analytics provider, surprised everyone on September 14, with new information. The twitter post stated that the second-highest daily total of unique addresses transacting on the network had been attained, according to the tracker. On September 14, a massive 1,089,893 distinct wallets sent or received ETH on the Ethereum network, the second biggest figure in the asset’s over 8 year of existence. As a result of this unprecedented occurrence, prices may now be ready to recover. Transaction Volume Declines From its low of $1550 on September 12th, ETH has risen briefly indicating a change in momentum. At the time of writing, the price of ETH is $1635 and is up 0.56% in the last 24 hours as per data from CMC. The volume is down 8.26% indicating that investors and traders are staying away for the time being, waiting for a clear indication. Source: CoinMarketCap If the price rises above the $1657 resistance level then it will likely rally all the way till $1737. On the other hand, if the ETH price falls below $1542 then a fresh decline is on the cards. It will then likely test the $1434 support level.

Base, the Coinbase-incubated Ethereum layer 2 (L2) network, has seen rising adoption since opening its door to the public barely a month ago. While the blockchain platform has gained significant traction, its pool of users and protocols has also witnessed substantial expansion. In a testament to this rapid growth, Base recently registered its highest number of transactions in a single day. Base Network Records Massive On-Chain Activity In One Day According to data from IntoTheBlock, Base has seen its daily transactions soar to a new all-time high. The blockchain platform registered a total of 1.88 million transactions on Thursday, September 14. Lucas Outumuro, head of research at IntoTheBlock, revealed that Base recorded more transactions than the sum of Arbitrum and Optimism transactions (780,000 and 370,000, respectively) on the same day. The network fees is another metric that reflects the apparent surge in Base’s on-chain activity in recent days. Data from TokenTerminal showed that the blockchain generated more network fees than Arbitrum and Optimism. Furthermore, Base notched its peak transaction throughput in the past week. According to L2beat, the network recorded a significant 21.29 transactions per second (TPS) on Thursday, September 14. This figure placed Base above other L2 chains and Ethereum in terms of transaction throughput. Nevertheless, the network remains in the top spot, with a current TPS of 19.58. These feats underscore the positive performance of the Coinbase-incubated network in the past few weeks. Base has managed to stake a strong claim for a place amongst the top L2 blockchains, as demonstrated by its surging on-chain activity. However, it is worth noting that Base still lags behind Arbitrum and Optimism regarding total value locked (TVL). According to DefiLlama, Base has a TVL of nearly $373 million, while Arbitrum and Optimism boast roughly $1.7 billion and $650 million, respectively. What’s Behind This Latest On-Chain Activity Surge? The latest surge in on-chain activity on the Base network has been linked primarily to the renewed hype of the decentralized social network, Friend.tech. IntoTheBlock made this connection in a report, saying, “Interestingly, it is not DeFi applications nor NFT marketplaces driving the surge in Base’s activity. Instead, a significant portion of usage can be attributed to a new social application, FriendTech.” Friend.tech is a decentralized social media platform built on Base. It allows users to trade “keys” of X (formerly Twitter) accounts and interact with social media personalities in a closed, group chat format. The Friend.tech platform, once pronounced dead by critics, sprung back to life in the past week. The decentralized application seems to be enjoying renewed user interest, with its TVL surpassing $30 million in the last few days. Friend.tech has been experiencing an uptick in activity, shattering its trading volume record two days in a row. Meanwhile, the platform has seen an increase in capture fees, which reached an all-time high of about $2 million on September 14.

It has been a year since the Merge took place, and as expected, the world’s second largest cryptocurrency, Ethereum, has experienced many changes since then. What are some of them? Let’s take a look. One Year In: How Has Ethereum Changed? According to a prominent figure in the Ethereum community, Sassal, 980,000 ETH have been burned since Ethereum transitioned from a proof-of-work (PoW) consensus to proof-of-stake (PoS). Ahead of the Merge, Ethereum had implemented a significant upgrade known as the London hard fork. This introduced a fee-burning mechanism with transaction base fees being burned immediately after a transaction is processed. This move was geared towards making Ether deflationary, considering that some tokens are removed permanently from circulation. Ethereum supply is down by 0.25% since the Merge took place. Furthermore, the Merge resulted in the network being secured by validators who stake their ETH as against Miners, who were the backbone of the network under the PoW consensus. In line with this, over 11.6 million ETH (since the Merge) has been staked to secure the network and also earn passive income in return. The top stakers include the staking platform Lido DAO which has a market share of 22.64%, according to data from Dune Analytics. Other top stakers include exchanges like Coinbase, Binance, and Kraken. Meanwhile, the number of validators on the network has significantly increased since the Merge, with 362,000 new validators joining the network. Down In Valuation But Not Value Ethereum’s price has increased by close to 11% from a year ago. However, many may consider this insignificant for a token that hit an all-time high of $4,891 the previous year. Nevertheless, there are positives to take from the Merge, as Ethereum has undoubtedly become more valuable since it occurred despite the current bear market woes. A crypto analyst noted that ETH’s annual inflation rate has decreased since the Merge, and trading activity on Ethereum’s layer-2 chains has also increased significantly. That would suggest that more people are being onboarded into the Ethereum ecosystem. According to him, Ethereum’s fundamentals are also at an all-time high, as there are factors that show that the ecosystem is stable and healthy. One of them happens to be the fact that traditional financial (TradFi) institutions are taking an interest in ETH. Cathie Wood’s ARK Invest recently filed to offer an Ethereum Spot ETF (a first of its kind). This is alongside other institutions that have filed to offer an Ethereum futures ETF (of which ARK Invest happens to be among them). Featured image from WAYA Media

The Web3 space is hinting at its entry into a decade of bullish transformation, evolving from being perceived as a mere buzzword to an innovation with higher utility. Key players in the industry are aiming to turbocharge the expansion and adoption of this revolutionary iteration of the Internet. TheNewsCrypto sat down with Sebastian Zilliacus, Managing Director at EMURGO, discussing the pivotal role of Cardano Spot in driving Web3 adoption. He shares exclusive insights on Cardano’s unique approach to interoperability, and how EMURGO fosters blockchain education and community engagement. Sebastian Zilliacus, MD of EMURGO with Nitin Gupta, Lead Strategist of TheNewsCrypto In your view, how far has Web3 progressed as the next frontier of the internet? Can you highlight the role of Cardano in boosting Web3 adoption? Sebastian Zilliacus (SZ): Web3 represents the vision of a decentralized internet, offering users unprecedented control over their online experiences. It champions ownership, censorship resistance, and the elimination of intermediaries in various applications and services. The journey of Web3 began approximately six years ago, gaining momentum alongside the emergence of decentralized applications (DApps). This space has evolved significantly, with tens of thousands of DApps transforming numerous sectors, including payments, exchanges, lending, banking, financial services, art, music, gaming, and even distributed physical infrastructure. Decentralized exchanges (DEXs) have facilitated trillions of dollars in transactions. At the same time, lending and borrowing protocols have enabled hundreds of billions of dollars in loans without the need for traditional underwriting banks. The Web3 ecosystem now boasts over 10 million monthly active users, showcasing remarkable growth. In this exciting landscape, Cardano stands out as a formidable contributor to the advancement of Web3 adoption. Cardano offers a secure and appealing platform for developing applications, mainly drawing interest from enterprises and security-focused users. Notable projects like Book.io and Nucast leverage Cardano’s infrastructure to tokenize physical items like books and music as NFTs, broadening the potential user base and use cases. Furthermore, Cardano is committed to addressing real-world challenges in developing countries across Asia and Africa. Initiatives such as World Mobile’s distributed local internet and Empowa’s rent-to-own property solutions exemplify Cardano’s dedication to empowering underserved populations with transformative opportunities. Cardano’s approach to solving real-world problems sets it apart from the broader crypto ecosystem. In summary, Web3 has made significant strides, with countless DApps reshaping industries and attracting a growing user base. Cardano’s role in this transformation is noteworthy, providing a secure and versatile platform for developers, fostering inclusivity through projects targeting developing regions, and demonstrating a unique approach within the crypto landscape. Together, Web3 and Cardano are forging the path toward a decentralized and empowered digital future. How is Cardano Spot designed to enhance community engagement and foster collaboration among ecosystem participants? SZ: Cardano Spot is the first all-in-one social media platform for everything Cardano. Here Cardano fans and supporters come together. It’s designed to make it easy for people to find out what’s happening with Cardano and learn about it. Not only do web3 individuals highly value our product but we are also helping web2 businesses and individuals to join their web3 journey with us by sharing the knowledge and expertise about Cardano. Talking about Cardano Spot as a product we have a bunch of valuable among the community features. Community Hub Page is one of them: here people from all over the world can talk about Cardano, they can share their thoughts, and ideas, and get to know each other. We also have a News Feed Page — a place where you can read deep-dive articles, the latest reports, interviews, and updates to know more about the ecosystem. We’ve gathered here guides, and tutorials to help you understand Cardano better. We also believe in being inclusive, which means we welcome everyone. We celebrate the different projects within the Cardano Library Page and the ideas around it. We don’t just show these Cardano projects, we make them stand out so that people can see and support them. We appreciate and recognize those who contribute, whether it’s by writing code like Cardano developers, creating an article like Cardano creators, leaving a message in a Community Hub or just being enthusiastic. Every little bit helps. We also create opportunities for people to work together. We organize events like meet and greet sessions, Twitter spaces, Live streams, and AMAs. We are looking for partnerships, and are happy to encourage new ideas within the community. In short, Cardano Spot is a place where everyone can come to learn, share, and be part of the Cardano community. We’re here to make Cardano better and more accessible to everyone. For those who are familiar with Web3 and for the people who are only getting acquainted with it. How distinct is Cardano’s approach to interoperability, incorporating solutions like cross-chain communication protocols and blockchain bridges? SZ: Cardano’s vision of interoperability goes beyond technical solutions. It’s about creating an open and inclusive blockchain ecosystem where diverse networks can seamlessly interact and cooperate. For blockchain technology to reach its full potential, it must harmoniously integrate with other networks and assets. Its unique approach involves the development of cross-chain communication protocols and blockchain bridges. These mechanisms act as vital connectors, enabling the smooth flow of assets, data, and information across different blockchain networks. Moreover, Cardano is deeply committed to open standards and collaboration within the blockchain space. We actively engage with other projects and platforms, aiming to establish universal standards that enhance interoperability. This collaborative approach is positioning Cardano as a driving force in advancing interoperability within the blockchain sphere. Elliptic Curve Cryptography (ECC) has emerged as the predominant choice for crafting cryptographic protocols and ensuring the security of applications. ECC offers a comparable level of security to alternative methods but excels in efficiency by employing shorter keys and signatures. Within the realm of elliptic curves, one notable curve is Standards for Efficient Cryptography (SECP), with SECP256k1 being a prominent example. This curve is widely adopted by various blockchains, including Bitcoin, Ethereum, and Binance Chain, to implement public key cryptography. This involves the use of a key pair, consisting of a public key and a private key, to authenticate transaction signatures. Following the integration of new cryptographic primitives, Plutus will gain the capability to seamlessly validate transactions from other blockchains using the Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr standards. Meanwhile, the Milkomeda protocol offers EVM compatibility on Cardano. Lastly, I would add that interoperability is an industry-wide objective, not only a Cardano objective. What challenges has Cardano faced while integrating Web3 projects, and how has EMURGO contributed to overcoming them? SZ: Many Web3 projects demand a profound understanding of Cardano’s capabilities and potential. EMURGO has taken significant steps in educating newbies, developers, traders, enthusiasts, etc. about Cardano’s strengths and possibilities within the Web3 ecosystem. Additionally, the integration of Web3 projects often presents intricate technical challenges, so EMURGO’s blockchain expertise has proven invaluable in offering technical guidance and aiding project teams, ensuring a seamless integration process. Equally crucial both for EMURGO and Cardano Spot is the establishment of a collaborative and supportive community for successful Web3 integrations. Our dedication to community engagement has nurtured a sense of cohesion among diverse projects, fostering collaboration and the sharing of knowledge. What I would also like to highlight is that EMURGO’s investments are strategically spread across various domains within the blockchain and crypto space. Firstly, we actively support and invest in projects within the Cardano ecosystem, promoting growth and innovation. These investments fuel the development of decentralized applications (DApps), DeFi solutions, and NFT platforms, enriching Cardano’s ecosystem. Beyond Cardano, EMURGO looks to the broader blockchain landscape. We seek opportunities in projects transitioning from Web2 to Web3, which harness blockchain technology to revolutionize industries. We are open to investments in projects from other blockchain networks, emphasizing the importance of cross-chain interoperability and collaboration. By diversifying the investments, EMURGO contributes to the overall advancement of blockchain technology and its adoption across various sectors, accelerating the shift toward a decentralized future. Right education aids in propelling adoption, and EMURGO aligns with this goal. How effective are Web3 players, including EMURGO, in educating the community about blockchain technology to drive adoption? SZ: The effectiveness of Web3 players in educating the community about blockchain technology can vary. At Cardano Spot, we have a community-centric approach that focuses on content quality, accessibility, engagement, and continuous improvement. We aim to achieve the mission of promoting blockchain adoption through education. We focus on creating a global community hub by localizing our content. We collaborate with Cardano native projects, educational platforms, and media businesses, providing awareness efforts. We hold hackathons and several content competitions, including tracking the number of participants, the knowledge gained, and the practical applications of blockchain technology by the community. Moreover, EMURGO Academy has already been educating developers and decentralized finance (DeFi) professionals. The Academy offers the Cardano Solutions Architect (CSA) program for emerging developers. This program empowers developers to brainstorm, design, and create potential commercial applications for their startup ventures. Expanding upon the foundation provided by the Cardano Developer Professional program, this initiative centers on an in-depth exploration of use-case analysis, token economics, and related concepts. As the Managing Director of the Media Division at EMURGO, could you provide insight into upcoming EMURGO and Cardano collaborative projects or initiatives? SZ: At the moment we are heavily involved in the decentralization of Cardano. Voltaire is the final building era of the Cardano roadmap. From the beginning, Cardano’s development has been divided into several eras with each focusing on a different part of its technology. The Voltaire era deals with its governance by the community and decentralization of the network. The first steps in the discussion about Cardano’s future governance are underway with the community as the focus with support from EMURGO, Input Output Global, and Cardano Foundation through CIP-1694 workshops, constitution, and liquid democracy. Intersect was recently launched, which is the Cardano MBO. Once Voltaire is in motion, the Cardano community will go from a passive watcher to an active entity when it comes to decision-making and steering of Cardano as a whole. The network will have a first-of-its-kind blockchain constitution meant to transparently and fairly rule over a decentralized network of community members. What are the upcoming big plans that are exclusive to Cardano? SZ: Certainly, when we look ahead to the next decade, Cardano’s future unfolds with a comprehensive vision spanning various dimensions. A pivotal facet of this vision is the drive for mass adoption. Over the next ten years, Cardano seeks to position itself as a global financial and social operating system, serving individuals, businesses, governments, and institutions on a global scale. One of the defining elements of Cardano’s future is the dynamic growth of DeFi and its transformative influence on finance. We anticipate a wave of innovation and expansion in the DeFi arena within the Cardano ecosystem, making financial services more accessible and inclusive for all. The integration of smart contracts into Cardano’s framework will open up a world of possibilities, nurturing a vibrant ecosystem of DApps spanning diverse sectors. From financial services to healthcare, supply chain management to entertainment, smart contracts will revolutionize interactions and transactions. In the coming years, we anticipate forging deeper partnerships with governments, educational institutions, and enterprises worldwide, fostering collaborative research, development, and real-world applications. Educational and research initiatives will empower the next generation of blockchain developers and researchers, bolstering the ecosystem’s strength. Community expansion will remain a central theme, with community-driven projects and initiatives driving innovation and outreach. Lastly, Cardano’s dedication to social impact projects remains unwavering. These endeavors will continue to address real-world challenges in areas such as identity management, voting systems, and supply chain transparency. What advice will you give emerging projects for effectively building a strong community? SZ: As an emerging project looking to establish a robust community, there are several key principles to consider. Firstly, transparency in their project’s roadmap is essential. Clearly articulating their objectives, milestones, and the path they plan to take instills trust and confidence in a community. It shows them that they have a well-thought-out plan and are committed to achieving the goals. Secondly, authenticity. Their intentions should be sincere, and their actions should be aligned with their words. Authenticity resonates with people and helps build a community of supporters who genuinely believe in their project. Thirdly, we advise engaging the community across various platforms and mediums. In today’s digital age, communication is multifaceted. Utilizing different channels to reach a broader audience and connect with the community is essential. Lastly, it’s crucial to understand the broader culture of the crypto and blockchain space, as well as the specific subcultures within it. Different communities may have distinct preferences, values, and expectations. Being culturally aware allows us to tailor the approach and engage with these communities more meaningfully. Disclaimer: The information provided in this interview article is for informational purposes only. It is not intended to be, nor should it be construed as, investment advice, financial guidance, or a recommendation to make any specific decisions. Readers are encouraged to conduct their own research.

Toncoin has seen a noteworthy 20% price increase over the past week, rising from $1.75 on September 9 to $1.95 on September 15, 2023. With a current market valuation of $6.72 billion, this rise has elevated the altcoin to the No. 22 position. Within the cryptocurrency arena, there’s an unmistakable buzz among market participants as they eagerly seek out the next standout digital asset. This quest is leading to a fascinating shift in the top 20 rankings, as a fresh wave of cryptocurrencies enters the fray. While established tokens appear to be caught in a somewhat static trading pattern, a select group of digital currencies is demonstrating remarkable resilience and assertiveness, positioning themselves as formidable contenders capable of potentially supplanting their more renowned counterparts. Notably, Toncoin (TON) has emerged as a front-runner in this battle for prominence, boasting a noteworthy surge of over 50% in value over the last 30 days. Increased Momentum For Toncoin The significant price increase in such a short period of time implies increased momentum and interest in this coin. If Toncoin can sustain its steady ascent, it should be able to hit the vaunted $3 mark this weekend or in the coming days. Meanwhile, the current market sentiment is predominantly bearish, marked by a general consolidation within a constrained price range. Recent price declines have somewhat subdued earlier optimism. However, Toncoin has managed to attract positive attention in the face of these conditions. It’s worth noting that there might be a short-lived negative correction anticipated after the coin breached the $2 mark. At the time of writing, TON was trading at $2.14, up 12% in the last 24 hours and climbed by an impressive 20% in the last seven days, data from crypto market tracker Coingecko shows. A notable factor contributing to Toncoin’s price surge is its remarkable trading volume. In the last 24 hours alone, Toncoin recorded a trading volume of $27 million, surpassing its 20-day average volume of $19 million by a significant margin. TON Banks On Increased Trading Volume An increase in trade volume is indicative of growing interest in and use of a cryptocurrency. The increased number of TON buyers and sellers has led to better market transparency and more efficient price formation. Recent high trading volume has provided the necessary impetus to drive the token’s price higher. On September 14, the Toncoin Foundation and Telegram jointly announced the introduction of TON Space, a novel cryptocurrency wallet designed specifically for Telegram users. TON Space facilitates connectivity to The Open Network ecosystem, which is overseen by the native token of Toncoin. With this move, Telegram hopes to add more than 30% of its users by 2028. It’s interesting that around 700 million people use the leading messaging app for cryptocurrency fans every month. (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 GetBlock.net

Ethereum might be the king of smart contracts and the world’s primary hub for decentralized finance (DeFi) and non-fungible tokens (NFTs) activity but onchain data suggests that Bitcoin is ahead in user engagement, interpreted by the number of daily active users, and network activity is at acceptable, healthy levels, reading from the number of daily transactions confirmed. Bitcoin Leads Ethereum In Daily Active Addresses According to Artemis Terminal data on September 15, Bitcoin, despite being predominantly a transactional layer, enabling the peer-to-peer (P2P) transfer of value between addresses, has more daily active users than Ethereum. This observation is even as Ethereum serves as a conduit of value since assets can be moved, just like in Bitcoin, and a smart contract platform for deploying trustless and automated decentralized applications (dapps). Some, like Uniswap, a decentralized exchange (DEX), process billions worth of transactions every month. On September 15, Bitcoin had over 800,000 daily active addresses (DAA), more than twice those in Ethereum, which stood at slightly over 378,000. The only time there was a slight change was on September 13, when over 1 million addresses were activated on Ethereum. Then, the number of DAA on Bitcoin also fell to around 743,000. However, the DAA on Ethereum has fallen sharply while Bitcoin has maintained an upward trajectory since late August. During this time, Ethereum’s DAA has been fluctuating heavily, as evidenced by the rise and fall on Sep 13 and through to today. Ethereum Processes Over 1 Million Transactions Everyday Ethereum shines in the number of daily transactions processed. When writing on September 15, the smart contract platform had processed over 1 million transactions while Bitcoin lagged, confirming less than 600,000. Even at this level, Ethereum has processed less than half of what it did on September 13, when the network processed over 2.3 million transactions. On the other hand, Bitcoin’s daily transactions have been steady, while those of Ethereum have, on average, risen over the past three months, as Artemis Terminal data shows. DAA and daily transaction count are important metrics that on-chain analysts use to analyze the level of engagement and health of public blockchains. Over the past 18 months, activity has rapidly shrunk as asset prices fall in the crypto winter. Ethereum’s drop from around $5,000 in late November 2021 to as low as $1,500 in 2022 weighed negatively on DeFi and NFT activity. According to DeFiLlama, the total value locked (TVL) of DeFi protocols has stabilized below $50 billion, down from around $180 billion in 2021. Meanwhile, trading volume has crashed by over 90%, dragging the value of NFT-related projects, including Immutable X and ApeCoin. To illustrate, APE is down 96% from peaks.

In a Friday 15 court filing, Gemini, the US-based crypto exchange platform, has accused Digital Currency Group (DCG) of engaging in “fraudulent activities” and attempting to evade responsibility for the harm caused to creditors. The filing directly responds to a statement made by DCG regarding a proposed agreement between DCG, the debtors, and the Official Committee of Unsecured Creditors. Gemini Seeks Justice For Creditors Affected By The Collapse Of Genesis According to Gemini, DCG devised a $1.1 billion promissory note to conceal the significant financial losses caused by the collapse of Three Arrows Capital (3AC). However, DCG allegedly kept the actual terms of the note “hidden,” leading to misleading representations to Gemini’s creditors. Furthermore, the company claims that DCG borrowed a substantial amount of Bitcoin (BTC) from the company instead of providing much-needed capital. Gemini also highlights that DCG is now unwilling to repay the more than $630 million it borrowed from the company, which was due several months ago in May. In response, as reported by NewsBTC, DCG has proposed a deal that would require Genesis creditors, including Gemini, to extend years of credit to DCG. However, Gemini intends to fight against this proposal, asserting that DCG should pay creditors a just and adequate amount. Gemini argues that DCG has attempted to “wear down” creditors over the past ten months, hoping they would settle for a significant reduction in the amount owed. According to the court filing, Gemini is determined not to succumb to these tactics and will continue to pursue a fair resolution. Rejection Of DCG’s Proposed Recovery Rates In the filing, Gemini criticizes DCG’s proposed recovery rates, claiming they are “misleading and deceptive.” The company argues that receiving fractional shares of interest and principal payments over seven years from a risky counterparty is not equivalent to receiving the actual cash and digital assets owned by Genesis. Gemini demands that DCG significantly improve the terms of the loans it provides if it wishes to gain the support of the harmed individuals. Overall, Gemini accuses DCG of being the architect of its subsidiary’s insolvency and “sacrificing” the exchange and its creditors to shield itself from liability. The company founded by the Winklevoss twins asserts that DCG’s delay tactics have hindered progress in distributing funds to Gemini Lenders, despite Gemini’s offer of a $100 million premium for a swift resolution. It is worth noting that the court filing by Gemini comes after months of negotiations with the crypto lender and DCG and the collapse of the Gemini Earn program, which resulted in lawsuits and severed ties between Digital Currency Group and the crypto exchange. Featured image from iStock, chart from TradingView.com

The EOW is considering sending a team to Mumbai to question him in person. STA relied on bringing in new investors via a multi-level marketing scheme. Bollywood actor of India Govinda is under investigation for his participation in a bogus crypto scheme by the Economic Offences Wing (EOW) of the Odisha police. In July, Govinda was in Goa for a promotional event for Solar Techno Alliance (STA-Token), a cryptocurrency-looking MLM scam. To further understand Govinda’s involvement in STA’s lavish celebration, the EOW is considering sending a team to Mumbai to question him in person. According to reports, the actor had a prominent part in the company’s marketing campaigns, appearing in videos and other promotional materials. Investigation Underway Further inquiry will reveal Govinda’s precise participation in the crypto fraud, and he may be deemed a witness in the current case, according to Deputy Superintendent of Police Sasmita Sahoo. Moreover, the actor denied in an interview with TOI that he had anything to do with the crypto Ponzi scheme that the Economic Offences Wing (EOW) of the Odisha police are looking into. The EOW team will be flying to Mumbai to question the actor about his alleged involvement in the crypto fraud. Govinda has denied these claims by saying he has never done any advertising, endorsements, promotions, or public appearances on behalf of anybody or anything. He stressed that he was not on anyone’s side or favour in these topics. Gurtej Singh Sidhu, a 40-year-old man from Punjab, was detained by the EOW last month after they found the fraudulent cryptocurrency operation conducted by STA. To keep going, unlike actual cryptocurrencies, STA relied on bringing in new investors via a multi-level marketing scheme. Highlighted Crypto News Today: Bitcoin Surges Above $26,500: Can Bulls Propel Prices Further?

If Tesla starts accepting BTC payment again then it will definitely boost Bitcoin price. The amount of Bitcoin mining energy originating from renewable sources has surpassed 50%. It seems that the criteria set by Elon Musk in 2021, that miners must use around 50% renewable energy sources “with positive future trend,” has been reached. The amount of Bitcoin mining energy originating from renewable sources has surpassed 50%, according to Bloomberg analyst Jamie Coutts, who posted the news in a thread on Twitter on September 14. He attributed this to “falling emissions plus a dramatically rising hash rate.” Coutts claims that the movement toward renewable energy sources is due to miners leaving China because of the country’s mining prohibition in 2021, and that other countries have turned to mining to “monetize stranded and excess energy.” El Salvador, which has accepted Bitcoin as legal cash since 2021, is just one of many countries that have made significant investments in Bitcoin mining alongside Bhutan, Oman, and the UAE. All Eyes on Musk Elon Musk, CEO of Tesla, earlier made the announcement that the company will no longer accept Bitcoin (BTC) payments beginning in May 2021. He cited the bitcoin mining and transactions usage of fossil fuels as the reason for the decision. The CEO of Tesla has not made any public announcements yet on the resumption of BTC payments. If Tesla starts accepting BTC payment again then it will definitely boost Bitcoin price. At the time of writing bitcoin is trading at $26,425 and is down 0.82% in the last 24 hours as per data from CMC. Highlighted Crypto News Today: Ethereum (ETH) Price Recovery Hints at Bearish Exhaustion

Since its inception, Ethereum has continuously been compared to Bitcoin with the former being hailed as a better option to the latter in some cases. As the years have flown by, the competition has gotten even fiercer, especially with ETH growing rapidly. Eventually, Ethereum seems to be catching up with Bitcoin, especially in terms of active addresses. Ethereum Active Addresses Surpass Bitcoin On Thursday, September 14, on-chain data tracker Santiment revealed a surprising update on the fierce rivalry between Bitcoin and Ethereum. In the X post, the tracker revealed that the number of unique addresses that were transaction on the network had reached its second-highest daily figure of all time. While this is significant on the part of the blockchain alone, it is also significant in terms of the competition between the two largest assets in the space. To put this in perspective, the 1,089,893 figure reported by Santiment puts Ethereum ahead of Bitcoin in terms of this metric alone. The last time that the daily unique active addresses on the network hit its new all-time high was back in December 2022. So it has been almost a year since the metric was this high, suggesting a unique driving factor behind it. This report is also in line with the report from Artemis Terminal that shows that Ethereum was right in front of Bitcoin in terms of daily active addresses. Artemis reports that on September 13, Ethereum saw a total of 1.03 million daily addresses compared to Bitcoin’s 743,800 addresses in the same time period. However, this figure has since retracted and Bitcoin has pulled in front of Ethereum once more as of September 14. What Does This Mean? While Ethereum’s surge on Wednesday was impressive, it does not mean much since the network has been unable to sustain the growth. Also, the surge could be easily explained by the rise in the popularity of the Friend.Tech decentralized finance social media platform based on the Ethereum blockchain. Friend.Tech had seemingly come back from the death to reach a new all-time high in its number of daily users. Since an ETH address is required to participate in the platform, it is no surprise there was an uptick in the number of ETH addresses active on the network. The spike in the number of daily active addresses also seems to have had little impact on the price of the cryptocurrency itself. ETH’s price is still struggling to hold above $1,600, with small gains of 0.35% in the last day and losses of 1.15% in the last week.

Binance crypto exchange announced in late August that it is moving to end support for its beloved BUSD stablecoin. This move comes amid the stablecoin’s run-in with regulators, leading to a halt in its production. And now, the exchange has started moving to begin the end of support for the stablecoin. Binance Starts Burning Tokens Binance took to its official X (formerly Twitter) account on Thursday, September 14, to announce that it would begin burning a number of Binance-pegged tokens. Among the five tokens listed to be burned, four were BUSD tokens across different blockchains. According to the announcement, the Binance-pegged tokens would be burned on the listed blockchains, and then the exchange would release the equivalent amount of tokens that were initially used as collateral on their native networks. The BUSD tokens listed across four networks include BUSD on the Polygon (MATIC) network, BUSD on the Tron (TRX) network, BUSD on BSC, and BUSD (BNB). In addition to these, the exchange also revealed that the TUSDOLD on BSC would be burned as well, making it the only token on this list that is not BUSD. The collateral in this case will be the equivalent of the Binance-pegged tokens that are burned. So if 1,000 BUSD on the MATIC network is burned, then the equivalent on the native blockchain will be released by the exchange. Fire In The BUSD Camp The BUSD stablecoin first came under fire in early 2023 when the United States Securities and Exchange Commission (SEC) issued a Wells Notice to issuer Paxos alleging that the stablecoin was an unregistered security. The regulator, through this, made its intention to pursue legal action known. Following the move by the SEC, the New York State Department of Financial Services (NYDFS) asked the issuer to stop printing new tokens. The NYDFS’s concern mainly bordered on Paxos’ relationship with Binance, and eventually, the BUSD issuer decided to cut ties with the crypto exchange. Since the initial move by regulators, the stablecoin has suffered in terms of usage and market cap. The stablecoin which was once a top 10 crypto by market cap has since seen its market cap decline to $2.5 billion, making it the 26-largest cryptocurrency as of the time of this writing. Binance has also announced plans to stop offering support for the stablecoin completely by 2024. Paxos also revealed that it will cease all BUSD redemptions in February 2024, and Binance’s complete withdrawal is expected to come shortly after this. Nevertheless, the stablecoin continues to maintain its dollar peg quite well. It is still trading at a 1:1 parity with the United States dollar and has rarely dipped below $1 amid the regulatory storm.

Justin Sun led Huobi crypto exchange has rebranded itself as HTX. TRX has lately pushed over $0.082 after finding support at $0.073. Throughout most of 2023, Justin Sun’s TRON blockchain has been doing well. The astounding uptick in transaction activity for a project that just debuted six years ago demonstrates the growing natural demand for the TRX cryptocurrency. Tron’s quick growth over a short period of time is reflected in the fact that it can perform an astounding average of over 4.8 million transactions per day, according to statistics from a recent Nansen analysis. On the other hand, Justin Sun led Huobi crypto exchange has decided to rebrand itself as HTX in a surprising move to commemorate the company’s tenth anniversary. Huobi made the announcement of the rebranding on September 13. Before making the news public, Huobi modified its social media pages to reflect the shift. The new Twitter account for the exchange and the official Telegram group have both been published. Users on social media were quick to point out that Huobi’s new name was too close to that of the defunct FTX exchange. Bulls in Control The TRX price has increased by 1.16 percent in the previous 24 hours and is presently trading at $0.084 as per data from CMC. Moreover, it’s up over 10% in the last 30 days. The preceding 24 hours have seen unusually strong trade activity, totaling $196.47 million, which may explain this price increase. Source: CoinMarketCap The coin has lately pushed over $0.082 after finding support at $0.073. If it manages to stay over $0.082 for a prolonged period then it will likely rally further. A drop below this level will likely take the price down to $0.080.

Crypto Michael, a cryptocurrency analyst in the crypto space, has recently shared some insights on the possible market trend of the Bitcoin (BTC) price before the halving commences. These insights were shared in a video uploaded on the analyst’s YouTube channel. Signs Of A Potential Bull Run According to the recent revelations by Crypto Michael, Bitcoin might be on the brink of a new bull run. In his video, which has garnered over 2,000 views on YouTube, the analyst suggests that the cryptocurrency shows considerable resilience and potential for a surge. This optimism stems from various indicators and patterns observed in Bitcoin’s price action. It’s not just Bitcoin’s impending rise that Crypto Michael has highlighted. The analyst also mentions that the altcoin market is warming up for a possible upward trend. The expert believes the significance of this parallel bullish movement for altcoins cannot be underestimated. It is worth noting that a comprehensive bull market, including both Bitcoin and its altcoin counterparts, could mean significant gains for diversified crypto portfolios. $45,000 Ahead Of The Bitcoin Halving? Diving deeper into his analysis, Crypto Michael predicts a potential Bitcoin price of $45,000 before the much-anticipated halving event next year. A halving is crucial in the Bitcoin network, where miners’ rewards for adding new blocks to the blockchain are cut in half. This event typically decreases supply and can significantly influence Bitcoin’s price. Historically, the crypto market has experienced bullish trends before and after halvings. This cyclical behavior has been observed in the past two halvings, with price surges leading up to and following the event. However, the current market dynamics have left investors in a speculative state, pondering if history will repeat itself. Particularly, Bitcoin has shown a bearish trend over the past month, down by nearly 10%. The asset plunged from its high of $30,000 in late July to as low as trading just above $25,000 on Monday. However, Bitcoin’s price can be seen to show signs of recovery in the past few weeks. The asset trades above $26,000 at the time of writing, with a price of $26,338 and a market cap of $513 billion today. Notably, Bitcoin’s market cap is currently up by more than $10 billion compared to its recent market cap value of below $500 billion, seen earlier this month. It is worth noting that while its market cap and price have surged over the past two weeks, the asset’s trading has trended in the opposite direction. Particularly, Bitcoin’s daily trading volume has plunged from the $18 billion seen earlier this month to as low as $10 billion, in the last 24 hours. Featured image from iStock, Chart from TradingView

TokenCoin has emerged as a pioneering company, specializing in high-performance cloud computing power mining services. TokenCoin is a reliable choice for individuals looking to generate passive income through cloud mining, offering transparency, diverse plans, and a commitment to excellence. In the fast-paced world of cryptocurrencies, where innovation and opportunity abound, there’s a growing desire among enthusiasts to participate in the digital asset ecosystem and generate income. TokenCoin caters to a wide range of users, whether a beginner or an experienced miner. They offer tailor-made cloud computing power mining solutions for mainstream digital currencies like Bitcoin, Litecoin, Bitcoin Cash, and more. TokenCoin’s Cutting-Edge Infrastructure TokenCoin boasts cutting-edge mining equipment and efficient data centers, ensuring a stable power and network environment for continuous and efficient mining operations. Their technical team consists of experts and mining engineers in the blockchain field, continuously optimizing mining strategies to adapt to ever-changing market conditions. TokenCoin strategically deployed mining facilities worldwide, with a primary focus on allocating computational power in regions like Uzbekistan, Kazakhstan, and Russia. Accessible Plans for All TokenCoin Initial Offer Further, TokenCoin offers a range of cloud mining packages, including Bitcoin (BTC), Litecoin (LTC), DASH, and Bitcoin Cash (BCH). Users can start their mining journey with a $10 reward for just signing up. Also, the affordable initial investment is just $10, anticipating a daily return of $09 and providing a steady stream of earnings from your mining activities. TokenCoin Active Plans: Contract Name Contract Price Contract Terms Fixed Returns BTC Free Hash Power $10 1 Day $10 + $09 BTC Experience Hash Power $100 3 Day $100 + $3.6 DASH Experience Hash Power $500 7 Day $500 + $45.5 LTC Classic Hash Power $1,200 15 Day $1,200 + $270 BCH Classic Hash Power $3,000 30 Day $3,000 + $1,530 BTC Premium Hash Power $6,500 60 Day $6500 + $7,800 BTC Classic Hash Power $9,800 90 Day $9,800 + $18,522 TokenCoin also offers a referral program, allowing users to earn rewards by inviting others to join the platform. Through this program, affiliates can receive a 3% commission on purchase orders made by their referrals, providing an additional opportunity to enhance their earnings and maximize profits. About TokenCoin TokenCoin offers a user-friendly and hassle-free cloud mining solution, making cryptocurrency mining accessible and effortless, whether your target is Bitcoin or Ethereum. TokenCoin offers the ideal choice for engaging in crypto mining without the intricacies of acquiring mining equipment. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Shiba Inu has been constantly garnering favor among crypto investors since its first price surge back in 2021. Even with the price drop over the last year, the meme coin still features as an investor favorite, surpassing the likes of Cardano and Dogecoin in countries with a large crypto investor presence. Shiba Inu Search Surpass Dogecoin And Cardano Google Trends has shown that interest in Shiba Inu has surged ahead of that of Dogecoin in Canada and the United States, as well as Cardano. The data which shows the movements over the past 12 months shows points in time where the search for Dogecoin had spiked significantly, leading to a remarkable lead by Dogecoin compared to Shiba Inu and Cardano. However, as time has passed and periods of brief spikes have been left behind, the trends have indicated that Shiba Inu remains the asset of the three gaining investors’ attention. Since April 2023, SHIB has appeared ahead of both Cardano and Dogecoin with no end in sight for this trend. In September alone, the interest in Shiba Inu has come out more than double those of Cardano and Dogecoin. Even toward the end of August when the crypto market crashed and interest waned, Shiba Inu went in the opposite direction. This spike in interest shown in the chart above coincides with the launch of the Shibarium blockchain. The Layer 2 network built atop the Ethereum blockchain was in the works for a long time and when it eventually launched in August, it triggered renewed interest in the SHIB token which currently serves as its official governance token. SHIB Falls Behind Dogecoin In Profitability While Shiba Inu is leading in terms of interest, it has not translated to profitability for the meme coin’s holders. The percentage of SHIB holders currently seeing any kind of profit is at only 9% compared to 41% for DOGE holders, according to data from IntoTheBlock. However, SHIB is still doing well compared to Cardano in this regard whose holder base is almost completely submerged in losses. Data shows that ADA holders in profit are sitting at a sad 4%. When put in contrast with SHIB’s numbers which is still disappointing, the meme coin is seeing twice as many holders in profit. In terms of price performance, all three have performed similarly when comparing their current prices to their all-time prices. SHIB is down 91.49% from its ATH, while Dogecoin and Cardano are down 91.59% and 91.89%, respectively, data from Messari shows.

One year has passed since the Ethereum (ETH) Merge, which marked the integration of Ethereum’s proof-of-stake (PoS) Beacon Chain with the Ethereum Mainnet. This significant milestone facilitated the transition of the Ethereum blockchain from the legacy proof-of-work (PoW) system to a PoS model, giving rise to Ethereum 2.0. The completion of the Merge on September 15, 2022, brought about a major shift in Ethereum’s energy consumption, with an expected reduction of 99.95%. Additionally, this transition opened up new possibilities for scaling the Ethereum ecosystem. The merge involved migrating the entire blockchain to new PoS validator nodes, which require participants to stake or lock up 32 Ether (ETH) to participate in the network. Importantly, this transition did not impact Ether tokens held by investors, and the operations of Ethereum-based applications remained unchanged. As Ethereum celebrated the first anniversary of The Merge, it introduced its latest testnet called Holesky. The Future Of Ethereum Development And Testing? Initially known as Holli, the Holesky testnet is designed to enhance the testing environment on Ethereum. Drawing inspiration from a vibrant neighborhood in Prague, Czech Republic, this new testnet offers various improvements over its predecessor, Goerli. According to a blog post from the software development firm Tatum, Holesky is set to replace Goerli as the primary testnet for staking, infrastructure, and protocol development. For testing decentralized applications, smart contracts, and other Ethereum Virtual Machine (EVM)-related functions, the Sepolia testnet remains the preferred choice. Holesky, on the other hand, serves as Ethereum’s merged-from-genesis public testnet, mirroring mainnet functionalities and enabling precise evaluations through thorough staking trials, infrastructure assessments, and direct protocol developer testing. To ensure rigorous testing, Holesky aims to have twice as many active validators as the main Ethereum network. The network starts with a solid foundation of 1 million validators, encouraging teams to run a substantial number of validators, with each team handling around 100,000 validators. These measures contribute to the comprehensive evaluation of the testnet and intended functionality. According to Tatum’s blog post, by introducing Holesky and refining inflation mechanisms based on the Sepolia testnet, Ethereum continues to evolve and improve its protocols. One Year After The Merge In a recent post on X (Formerly Twitter), the self-proclaimed Ethereum Educator, who goes by the pseudonym “Sassal.eth,” highlighted some notable statistics on the first anniversary of The Merge. One significant achievement for Ethereum since the Merge is burning 980,000 ETH tokens, resulting in a permanent reduction of Ethereum’s total supply. Burning ETH involves removing tokens from circulation, contributing to potential scarcity and value. Additionally, the Ethereum 2.0 network has seen a significant 11.6 million ETH being staked, which involves locking up ETH as collateral to participate in the proof-of-stake consensus mechanism. Moreover, according to Sassal, adding 362,000 new validators has strengthened the Ethereum network. Validators are crucial in proposing and validating new blocks, ensuring the network’s security and overall robustness. On the other hand, Ethereum’s native token, ETH, has experienced a tumultuous journey in terms of its price performance since the beginning of the year. Despite reaching an annual high of $2,144 on April 16, ETH has been impacted by the overall market trend, resulting in significant losses across various time frames. Currently, ETH is trading at $1,619, representing a 1% decline in the past 24 hours. Similarly, over the past seven days, the token has recorded a decrease of 0.9%. Looking at the fourteen and 30-day time frames, ETH has experienced declines of 1% and 11.3%, respectively, underscoring the prevailing downward trend for the token’s value. However, it is worth noting that since the occurrence of The Merge, ETH has witnessed a moderate rise of 7.6% year to date, according to Coingecko data. Featured image from iStock, chart from TradingView.com

Two years ago, controversial artist Nelson Saiers sparked a debate when he erected a massive inflatable rat outside the US Federal Reserve building in New York; now, the creator takes another jab at a US institution with a new crypto art exhibition. Crypto Art Exhibition Takes Jab At Scams According to a release shared with NewsBTC, a crypto art installation was placed in front of the US Securities and Exchange Commission (SEC). This time, Nelson Saiers portrayed a street vendor offering “rug pulls.” In this latest protest exhibition, Saiers highlighted the crypto-based scam where the team behind a project disappears, leaving their community behind and “holding the bag” for an initial investment. The exhibit aimed to showcase the “ease” of these illegal activities. Moreover, by setting the crypto art exhibit in front of the SEC, the artist potentially tried to send a message to the regulator: “rug pulls” happened right in front of the institution, seemingly without consequence. This is the latest, but far from the only art exhibition where Saiers takes a hit on the US SEC and other financial regulators. As mentioned, the artist set an inflatable Bitcoin rat at the Fed’s building in 2020 and 2018. A few months later, as the crypto market was experiencing a bull run that took the price of Bitcoin into uncharted territory, Saiers called cheap on the Fed with his “Cheap Money is Out-of-Order.” During this exhibition, which saw the sculpture of the Wall Street Bull interfered with a Saiers-made sculpture, the artist criticized the inflationary measures adopted by the financial institution. Based in New York, Saiers completed a Ph.D. in mathematics and is a former trading group manager for Deutsche Bank AG and Chief Investment Officer for Saiers Capital. In art, Saiers is known as the “Warhol of Wall Street.” As of this writing, Bitcoin trades at $26,200 with sideways movement across the board. The cryptocurrency has been unable to break above or below its current trading range and will likely continue this trajectory until late September. At that time, macro-economic forces will likely come back into the picture, stirring volatility into the market. In particular, the spot Bitcoin Exchange Traded Fund (ETF) narrative, mainly in the hands of the SEC, is bound to influence the price of the number one crypto by market cap. Cover image from Unsplash, chart from Tradingview

Celsius Mining LLC to Acquire and Operationalize Core Scientific’s Partially Developed Ward County Bitcoin Mining Data Center Site; Companies Agree to Settle All Existing Litigation AUSTIN, Texas–(BUSINESS WIRE)–$CORZQ #bitcoin—Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, and Celsius Mining LLC, Bitcoin mining subsidiary of Celsius Network (“Celsius”), today announced an agreement to sell Core Scientific’s Ward County, Texas (“Cedarvale”) Bitcoin mining data center site to Celsius and to settle all existing litigation between the two parties for total cash consideration of $14 million. “We are pleased to resolve all existing litigation related to Celsius Mining,” said Adam Sullivan, CEO of Core Scientific. “With unwavering focus, we continue to deliver on our commitment to enhance the operational excellence of the organization and emerge from our restructuring process later this year even stronger. Executing our three-year roadmap to drive growth, we plan to expand our two operational Texas data centers to provide sufficient capacity for us to remain one of the largest and most efficient Bitcoin producers at scale in North America.” The proposed sale of the partially developed, non-operational Cedarvale data center site includes 215 megawatts of available power, buildings under construction, equipment and designs to enable the completion of the facility. If approved, the parties would reach a settlement and mutual release with respect to all existing litigation. This purchase sets an early foundation for Celsius to reach a value-maximizing conclusion with Fahrenheit LLC (“Fahrenheit”), Celsius’ previously announced Plan Sponsor. Fahrenheit will provide the capital, management team, and technology required to successfully establish and operate the new company (“NewCo”). “Securing the Cedarvale site further increases Celsius’ commitment to West Texas, growing our self-mining portfolio to an impressive 300 megawatts,” said Chris Ferraro, Chief Restructuring Officer and Interim Chief Executive Officer of Celsius Network. “This outcome was made possible through the collaboration of Celsius and US Bitcoin Corp, who played a key supporting role in structuring and executing the transaction. We are pleased to settle all existing litigation and look forward to focusing on expanding the Cedarvale capabilities and completing the site.” U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) will be contracted to manage the construction of the 215 MW Cedarvale facility. As previously announced, USBTC was selected as a member firm of the winning bidder in a bankruptcy auction to manage and operate the mining assets owned by Celsius. In addition to the Cedarvale development project, USBTC has been engaged by Celsius prior to the Plan Effective Date to begin scaling and optimizing the mining business of Celsius. “We’re extremely pleased with the success of this transaction, a milestone that significantly bolsters NewCo’s mining division. It reinforces our confidence in the potential that NewCo will capture through Fahrenheit’s leadership,” said Asher Genoot, President and Co-Founder of USBTC. “We are committed to driving further value to the Celsius estate prior to emergence and are eager to lead the development of the Cedarvale assets.” The Cedarvale site transaction does not affect Core Scientific’s mining fleet and the site is not included in its three-year roadmap, which was filed publicly in June 2023. The mutually agreed value of the site is $45 million, and the total cash consideration paid by Celsius to Core Scientific is $14 million. As of August 31, 2023, Core Scientific operated approximately 206,000 Bitcoin miners for both self-mining and colocation, representing a total potential hash rate of 22.0 exahashes per second at its data center facilities in Georgia, Kentucky, North Carolina, North Dakota and Texas. Core Scientific’s self-mining operations produced 965 Bitcoin in July, and 9,756 Bitcoin year to date through August 31, more than any other listed Bitcoin miner in North America. Given that the Company and Celsius have each filed voluntary petitions for Chapter 11 restructuring in the Southern District of Texas and the Southern District of New York, respectively, the proposed agreement is subject to approval in both Bankruptcy Court jurisdictions. ADDITIONAL INFORMATION For additional information about Core Scientific’s Chapter 11 cases, please visit https://cases.stretto.com/CoreScientific. Stakeholders with questions may call Stretto at +1 (888) 765-7875 (U.S.) or +1 (949) 404-4152 (international). Additional information about Celsius’ Chapter 11 filing, including Court documents, can be found online free of charge at https://cases.stretto.com/celsius. Stakeholders with questions may call Stretto at +1 (855) 423-1530 (U.S.) or +1 (949) 669-5873 (international) or email [email protected]. ABOUT CORE SCIENTIFIC Core Scientific (OTC: CORZQ) is one of the largest blockchain computing data center providers and miners of digital assets in North America. Core Scientific has operated blockchain computing data centers in North America since 2017, using its facilities and intellectual property portfolio for colocated digital asset mining and self-mining. Core Scientific operates data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas. Core Scientific’s proprietary Minder® fleet management software combines the Company’s colocation expertise with data analytics to deliver maximum uptime, alerting, monitoring and management of all miners in the Company’s network. To learn more, visit http://www.corescientific.com. ABOUT CELSIUS MINING LLC Celsius Mining LLC, is a Bitcoin mining subsidiary of Celsius Network, the global cryptocurrency platform and a well-recognized leader in Bitcoin mining. For additional information on Celsius, please visit http://www.celsius.network. For additional information on Celsius’ ongoing chapter 11 cases, please visit http://www.cases.stretto.com/celsius. FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, those related to Core Scientific The Company’s ability to scale and grow its business, meet its expected operating plan, source clean and renewable energy, the advantages and expected growth of the Company, future estimates of revenue, net income, adjusted EBITDA, total debt, free cash flow, liquidity and future financing availability, future estimates of computing capacity and operating capacity, future demand for colocation capacity, future estimate of hash rate (including mix of self-mining and colocation) and operating gigawatts, future projects in construction or negotiation and future expectations of operation location, orders for miners and critical infrastructure, future estimates of self-mining capacity, the public float of the Company’s shares, future infrastructure additions and their operational capacity, and operating capacity and site features of the Company’s operations and planned operations. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the Company’s ability to obtain bankruptcy court approval with respect to motions in its Chapter 11 cases, successfully enter into and implement a restructuring plan, emerge from Chapter 11 and achieve significant cash flows from operations; the effects of the Chapter 11 cases on the Company and on the interests of various constituents, bankruptcy court rulings in the Chapter 11 cases and the outcome of the Chapter 11 cases in general, the length of time the Company will operate under the Chapter 11 cases, risks associated with any third-party motions in the Chapter 11 cases, the potential adverse effects of the Chapter 11 cases on the Company’s liquidity or results of operations and increased legal and other professional costs necessary to execute the Company’s reorganization; satisfaction of any conditions to which the Company’s debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside of the Company’s control; the consequences of the acceleration of the Company’s debt obligations; the trading price and volatility of the Company’s common stock as well as other risk factors set forth in the Company’s reports filed with the U.S. Securities & Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Accordingly, undue reliance should not be placed upon the forward-looking statements. Please follow us on: https://www.linkedin.com/company/corescientific/ https://twitter.com/core_scientific Contacts Core Scientific: Investors: [email protected] Media: [email protected] Celsius: Investors [email protected]

Dogecoin has been one of the most surprising and discussed cryptocurrencies since its launch in 2013. Its meme-inspired origins and 2021 hype led to spectacular price rises. This Dogecoin price prediction article analyzes factors impacting the coin’s value and predicts its future trajectory. What is Dogecoin? Dogecoin (DOGE) is a cryptocurrency that started as a joke based on the popular Doge meme in 2013. Software engineers Billy Markus and Jackson Palmer created it satirizing the hype surrounding cryptocurrencies. But what began as a parody became one of the largest cryptocurrencies. DOGE runs on its own blockchain with miners validating transactions. Key features include: Meme-inspired The Shiba Inu dog from the Doge meme is its mascot. This makes it more approachable for mainstream investors, as does its low price compared to other assets. Large supply Over 140 billion DOGE have been mined so far compared to Bitcoin’s limit of 21 million. Low price per coin Due to the high circulation supply, DOGE trades at a fraction of a dollar making it attractive for first-time investors. Faster transactions DOGE offers faster payments than Bitcoin with 1 minute block times. Tipping currency The DOGE community utilizes it extensively for tipping and donations, especially on Reddit and Twitter. While DOGE lacks the sophistication of platforms like Ethereum, its brand awareness makes it appealing as a payment option. Major companies like AMC Theatres and the Dallas Mavericks basketball team accept DOGE payments. Factors Impacting Dogecoin Price Several key factors influence DOGE’s notably volatile prices: Celebrities and Billionaires Public figures like Elon Musk and Mark Cuban endorsing DOGE carry outsized influence, drawing in retail investors and moving its price. Media Hype Attention from mainstream media outlets drives up interest and prices rapidly as seen in early 2021. But it works both ways, with DOGE falling out of favor just as fast. Meme Power As a meme-based asset, DOGE trends on social media significantly impact its price as hype spreads or fades. The community plays a central role. Development Activity While work has slowed, some upgrades like lower fees have the potential to improve DOGE adoption if development regains momentum. Broader Crypto Market Like most altcoins, DOGE price depends heavily on Bitcoin’s price action. When Bitcoin crashes, memecoins like DOGE usually crash harder. Competitors An endless stream of new memecoins like Shiba Inu and Pepe compete for investors’ attention and dollars, which impacts DOGE market share. Historical Dogecoin Price Timeline Looking at major developments in DOGE’s history sheds light on patterns governing its volatile price. 2013 – The Joke Begins Dogecoin was created as a “joke currency” by programmers Billy Markus and Jackson Palmer in December 2013. The price remained extremely low, trading for a tiny fraction of a penny during the first year. 2014-2016 – Gaining Attention In 2014, DOGE gained more mainstream attention during the Doge meme’s resurgence, with its market cap reaching over $60 million by end of 2014. Dogecoin was used extensively for charitable fundraisers and tipping on Reddit/Twitter. But the price remained under one cent between 2014-2016. 2017 – Bull Run Ride When crypto markets boomed in 2017, DOGE saw massive gains fuelled by speculation, rising from $0.0002 and peaking at $0.018 in January 2018 – a 9,000 percent rise in 2 months! But it crashed soon after, dropping 90% in just over a month following the broader crypto downturn. Still, DOGE had proven it couldn’t be ignored. 2018-2020 – Slump Despite Growing Adoption During the 2018-2020 bear market, DOGE struggled to gain traction again. Its price declined gradually losing over 90% of its value and falling below $0.002 in early 2019. However, real-world payment adoption grew with providers like CoinPayments, LivingRoomOfSatoshi, and Bitpay supporting DOGE payments on e-commerce sites. 2021 – Rocketing to Fame The 2021 bull run, especially Elon Musk’s repeated endorsements of DOGE, sent it rocketing from under one cent in January 2021 to an astonishing high of $0.7 in May 2021 – a truly unbelievable 40,000% return in four months! Other key drivers included: Mainstream media coverage during the price surge. DOGE graced the covers of Newsweek and Time Magazine. Increased crypto adoption, especially among retail investors using platforms like Robinhood Major brands like Snickers and Slim Jim referenced DOGE on social media, amplifying the hype. Mark Cuban’s Dallas Mavericks began accepting DOGE as payment. Exchange listings like eToro adding DOGE stoked investor interest. Like past cycles, such parabolic rises proved unsustainable. DOGE dropped steadily after the frenzied peak, closing the year at around $0.15. Still an impressive overall return for 2021. 2022 – Price Crash Despite Celebrity Involvement The 2022 crypto bear market hit DOGE hard, causing it to shed over 90% of its value, dropping below $0.05 by June 2022. Attempts were made to revive interest, including Elon Musk’s announcement that SpaceX would accept DOGE payments for merchandise purchases. Mark Cuban’s basketball team continued accepting DOGE as payment. But macroeconomic headwinds have kept prices depressed close to all-time lows, highlighting the weakness of memecoins during downturns. Recent Dogecoin Price Action 2023 hasn’t been much friendlier to Dogecoin, with the cryptocurrency unable to make it above the $0.10 level and is back trading at $0.06 and is at risk of new lows. Short-Term Dogecoin Price Prediction for 2023 DOGE outlook remains ambiguous for 2023 as the crypto markets struggle to regain footing after the FTX fallout. The meme coin remains locked in a downtrend, with the next level of support back down at under a penny. While this might feel impossible, Bitcoin retested its former 2017 all-time high, which is at the same precise point as the 1.618 Fibonacci extension target. If Dogecoin can hold the current lows, it could retarget the 0.618 or 0.382 retracement level. Medium-Term Dogecoin Price Prediction 2024 – 2025 If Dogecoin can break out of its downtrend and prevent further collapse, the next logical target is the 1.618 upside Fibonacci extension. If you notice, DOGE touched this target in the previous two bull markets. In 2021, DOGE extended even further to the 2.414 Fibonacci. The 1.618 Fib extension would put Dogecoin above $3.60. Long-Term Dogecoin Price Forecast 2030 Predicting the future of a meme cryptocurrency is challenging. However, using a linear mean trajectory drawn through each cycle, we can estimate that Dogecoin could be anywhere between $1.50 and $5 by the time 2030 rolls around. This model assumes no catastrophic failure of the blockchain. Dogecoin Price Predictions – Conclusion Despite gaining immense popularity and value during the 2021 hype, Dogecoin lacks the real-world utility and institutional investment of leading cryptocurrencies like Bitcoin and Ethereum. Unless Dogecoin evolves beyond its meme-based appeal through protocol development and real use cases, it appears set to remain as a highly speculative asset prone to boom and bust cycles based on hype. While another frenzy-driven price surge cannot be ruled out, Dogecoin’s sustainability as a long-term store of value remains doubtful according to most analysts. Traders and investors should tread cautiously with appropriate risk management. Dogecoin Price Prediction FAQs Here are some frequently asked questions about DOGE price prediction targets: What was Dogecoin’s lowest price? During its initial days in 2013-2014, DOGE hit lows of $0.0001-0.0002 on crypto exchanges. Its recent low was $0.044 in June 2022. What was Dogecoin’s highest price? DOGE hit an all-time high of $0.7376 during the 2021 frenzy phase in early May, rising astronomically from $0.005 in January 2021. How high can DOGE realistically go? Considering its past performance driven heavily by hype and celebrity endorsements, DOGE may potentially reach up to $1 temporarily during frenzied market conditions, but has poor fundamentals for sustaining high valuations long-term. Can DOGE crash to zero? While unlikely due to its enduring popularity as a memecoin and brand recognition, Dogecoin crashing to near-zero cannot be completely ruled out without renewed development and adoption efforts. Why is DOGE so volatile? Extreme volatility is built into Dogecoin’s DNA as a meme asset heavily dependent on social media hype and investor speculation rather than fundamental utility value. When will Dogecoin’s price stabilize? DOGE price is likely to remain volatile until (and if) it can mature beyond its “joke coin” origins and develop greater real-world utility and stable demand.

Axie Infinity’s native coin AXS surges 12% in 24H. BCH saw a surge of 13% over 7 days. While a liquidation crisis on collapsed FTX exchange spread over the crypto market, Bitcoin (BTC), the world’s oldest and most revered cryptocurrency, propelled beyond the $26,700 mark on Thursday, instigating a wave of excitement across the crypto market. Following Bitcoin’s impressive rally, other leading altcoins, namely Axie Infinity (AXS), Bitcoin Cash (BCH), and THORChain (RUNE), have emerged as top gainers in the digital currency landscape. Axie Infinity (AXS) At the time of writing, Axie Infinity is trading at $4.75,with a price rally of over 12% within the last 24 hours. Notably, AXS has experienced a surge in daily trading volume, soaring by approximately 910%, and currently stands at $199 million. AXS 1D Price Chart, Source: CoinMarketCap Bitcoin Cash (BCH) According to CoinMarketCap data, the price of Bitcoin Cash (BCH) has seen a substantial 7% increase within a single day and 12% gain over the course of a week, with its current trading price resting at $214. BCH’s 24-hour trading volume has also surged by 57% within a day, reaching $346 million. BCH 1D Price Chart, Source: CoinMarketCap THORChain (RUNE) THORChain (RUNE) has emerged as the third top player of the day, registering an 8% price gain over the past 24 hours and an impressive 11% surge over the week. RUNE’s daily trading volume has witnessed an uptick, rising by approximately 44% and now totaling $85 million. RUNE 1D Price Chart, Source: CoinMarketCap Does the FTX’s liquidation crisis continue to influence market dynamics? Tweet to us at @The_NewsCrypto and let us know your thoughts.