Ethereum price is struggling to clear the $1,920 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,875. Ethereum is trading in a range above the $1,875 level. The price is trading below $1,910 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support near $1,885 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline heavily if the price remains below $1,920 for a long time. Ethereum Price Struggles Below $1,920 Ethereum’s price attempted a fresh increase above the $1,900 level. However, ETH failed to gain traction above the $1,920 resistance and reacted to the downside, similar to Bitcoin. The price declined below the $1,885 level but remained stable above $1,875. A low is formed near $1,877 and the price is now consolidating losses. It is slowly moving higher above the $1,885 level. There is also a key rising channel forming with support near $1,885 on the hourly chart of ETH/USD. Ether is trading below $1,910 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,900 level. It is close to the 50% Fib retracement level recent decline from the $1,927 swing high to the $1,877 low. The first major resistance is near the $1,910 level or the 61.8% Fib retracement level recent decline from the $1,927 swing high to the $1,877 low, above which the price could test the main resistance at $1,920. Source: ETHUSD on TradingView.com The next major resistance is near the $1,940 level. 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 $1,920 resistance, it could continue to move down. Initial support on the downside is near the $1,885 level and the channel trend line. The first major support is near the $1,875 level, below which the price might gain bearish momentum. The next major support is near the $1,825 support level. A downside break and close below $1,825 could push the price toward the $1,770 level. Any more losses could open the doors for a move toward the $1,720 support level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,875 Major Resistance Level – $1,920

Dogecoin is gaining bullish momentum above the $0.070 resistance against the US Dollar. DOGE could extend its rally toward the $0.080 resistance zone. DOGE is currently showing positive signs above $0.068 resistance against the US dollar. The price is trading well above the $0.070 zone and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.070 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could start a fresh rally if it clears the $0.0732 resistance zone. Dogecoin Price Could Rally Over 10% After a downside correction, Dogecoin’s price found support near the $0.0680 zone. DOGE formed a base and recently started a fresh increase from $0.0675, outperforming Bitcoin and Ethereum. In the past two sessions, there were bullish moves above the $0.070 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from the $0.0750 swing high to the $0.0670 low. DOGE is now trading well above the $0.070 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.070 on the 4-hours chart of the DOGE/USD pair. On the upside, the price is facing resistance near the $0.0732 level. Source: DOGEUSD on TradingView.com The 76.4% Fib retracement level of the downward move from the $0.0750 swing high to the $0.0670 low is also near the $0.0732 level. The first major resistance is near the $0.0750 level. A close above the $0.0750 resistance might send the price toward the $0.0780 resistance. The next major resistance is near $0.080. Any more gains might send the price toward the $0.082 level. Fresh Decline in DOGE? If DOGE’s price fails to gain pace above the $0.0732 level, it could start a downside correction. Initial support on the downside is near the $0.070 level and the trend line. The next major support is near the $0.0675 level. If there is a downside break below the $0.0675 support, the price could decline further. In the stated case, the price might decline toward the $0.0650 level. Technical Indicators 4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. 4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.070, $0.0675, and $0.0650. Major Resistance Levels – $0.0732, $0.0750, and $0.080.

On-chain data on July 19 shows that as much as 2 million XRP, the native currency of the XRP Ledger, were changing hands every minute on top cryptocurrency exchanges, including KuCoin and Poloniex. In a screen grab shared on Twitter, on-chain data reveals that more XRP was being traded in bulk, driving trading volumes higher across the board. Accompanying the expansion, prices remain higher as of writing on July 20. The coin is up 72% from July 2023 lows, even though trading volumes in leading exchanges, including Binance, have since tapered slightly. Nonetheless, the resurgence in trading volumes this week suggests that the demand for the coin remains relatively higher. XRP And Its Spectacular Rally The token’s value experienced a surge following a recent court ruling declaring that the SEC could not provide evidence that it was a security. Per the Howey test, the judge concluded that XRP does not meet the legal definition of a security. Three years ago, in December 2020, the regulator filed a lawsuit alleging that Ripple, the blockchain company, and some of its executives, including Brad Garlinghouse, had raised over $1 billion through alleged illegal sales of XRP, an asset they claimed was an unregistered security. Ripple denied the allegations and fought the lawsuit, expending millions of dollars in legal expenses and eventually winning on this item. Coinbase, Bitstamp, Crypto Exchanges Relisting The rally has also been boosted by the news that Coinbase Global, Kraken, and other top-tier cryptocurrency exchanges have relisted the token. Specifically, Coinbase delisted XRP in December 2020 following the SEC lawsuit, triggering a wave of delisting among cryptocurrency exchanges in the United States. Relisting XRP across major exchanges could be a sign of confidence. It will likely boost the coin’s liquidity, increasing trading volumes in the coming months. Supporters find the listing a refreshing development, especially for clients in the United States who had been cut off from trading. Some predictions maintain that the token rally will likely continue in H2 2023. Judge Analisa Torres’ ruling in favor of Ripple Labs removed uncertainty around the coin’s status. This decision can also open more doors for institutional adoption. Moreover, the rally and regulatory clarity cement the token’s position in the cryptocurrency market. This development may see it narrow its gap with Ethereum (ETH), perhaps even flipping it to become the second-largest coin after Bitcoin. In the last three years before the court ruling, the token shook off weakness and retained its slot in the top 10 cryptocurrencies by market capitalization amid the biting and extended crypto winter 2022.

Through the bear market, Arbitrum (ARB) has been one of the tokens that have managed to hold on to a significant amount of its all-time high value. Along these same lines, the digital asset is one of the few tokens currently flashing a green bullish flag, and accumulation has ramped up as a result of this. ARB Whale Accumulation Ramps Up Transactions on the Arbitrum blockchain on Thursday, July 20, point to massive accumulation among large investors. These transactions were flagged by on-chain data tracker Lookonchain, going as far back as July 17 when the accumulation trend seemed to have begun. On Monday, Lookonchain reported three transactions carrying 3.76 million ARB worth $5 million at the time from the Binance exchange to known whale wallets. While these transactions were significant, they did not stop there. The following day, July 18, the tracker spotted another transaction carrying 4 million ARB. The source of the transaction was the same, with the coins which were worth $5 million at the time being moved from Binance to a private wallet. The most recent whale accumulation happened on Wednesday, July 19, with the largest ARB withdrawals of the bunch. This time around, a whale identified as “0x6950” withdrew 4.6 million ARB worth $5.84 million at the time of the transaction, from Binance. All of these transactions point to a consistent accumulation trend among these large holders, which could suggest that they expect a price recovery to happen soon. Their withdrawals have also reduced the amount of selling pressure on the digital asset and this could also lend support to any rally from here on out. Arbitrum Continues To Dominate Layer 2 Blockchains Arbitrum has seen much success in the market and this contributes to the bullishness around its native ARB token. Arbitrum currently boasts the largest Total Value Locked (TVL) of all the Ethereum Layer 2 blockchains, including Polygon and Optimism. While Polygon and Optimism TVLs are sitting at $1.027 billion and $926 million, respectively, the TVL of the Arbitrum network is at $2.68 billion. This figure makes the L2 the fourth-largest by TVL across all blockchains, coming up behind heavy hitters such as Ethereum, Tron, and BSC. With Arbitrum controlling a significant portion of the L2 TVL, expectations are that its native token will also surge alongside it. Currently, ARB is trading at $1.29 with a 3.33% price gain in the last 24 hours. However, the price could easily surge toward $1.5 if whale accumulations continue and sell pressure continues to decline.

Crypto analyst Adam Cochran recently caused a stir in the cryptocurrency community when he called attention to a series of TrueUSD (TUSD) transactions made by Tron founder Justin Sun. Cochran highlighted a series of transactions made by Sun’s address on the Tron blockchain, including minting $62 million worth of TUSD, withdrawing $50 million in USDT from Huobi, and depositing $50 million in USDT on Bitfinex. Justin Sun’s Dubious TUSD Transactions Perhaps most concerning, however, was Sun’s apparent burning of $50 million TUSD, which Cochran suggested could be an attempt to temporarily “snapshot or unwind” debt using a “fake” balance that was “unbacked”. Cochran also pointed out that Sun appeared to be using Poloniex and Huobi as his own “piggy” banks to borrow against, with large amounts of Huobi assets being plowed into JustLend – an official lending platform on the TRON blockchain – for him to borrow against shitcoins. These transactions have raised questions about Sun’s motivations and the potential impact of his actions on the broader cryptocurrency market. In particular, Cochran expressed concern that Sun’s apparent “manipulation” of TUSD could create the appearance of greater liquidity in the market and potentially lead to price manipulation. Compounding these concerns is that Changpeng Zhao, the CEO of Binance, one of the world’s largest cryptocurrency exchanges, has reportedly offered voluntary termination packages to employees in multiple departments. This move has raised questions about the financial stability of Binance and its potential exposure to Sun’s actions. Cochran concluded: The Uncertainty Of Justin Sun’s Cryptocurrency Moves The potential risks of Justin Sun’s transactions are unclear, as his motivations for these actions are unknown. However, several possible concerns have been raised in the crypto community. One potential risk is the possibility of price manipulation. If Sun was attempting to manipulate the price of specific cryptocurrencies by creating the appearance of greater liquidity in the market, this could lead to price distortions that could harm investors and destabilize the market. Another risk is the possibility of a liquidity crisis. If Sun’s actions caused a sudden influx of TUSD or USDT into the market, this could lead to a sudden drop in the value of these cryptocurrencies, potentially causing a liquidity crisis and harming investors. There is also a risk that Sun’s actions could ripple throughout the broader cryptocurrency market, potentially causing other investors to panic or leading to a broader sell-off. Finally, there is a risk that Sun’s actions could trigger regulatory scrutiny or legal action, mainly if he is found to have engaged in illegal or unethical behavior. This could harm the reputation of the cryptocurrency industry as a whole and lead to increased regulatory oversight. Despite these concerns, it remains unclear precisely what Sun’s intentions were with the transactions highlighted by Cochran. Featured image from Unsplash, chart from TradingView.com

DUBAI, United Arab Emirates–(BUSINESS WIRE)–#AI–Artificial Intelligence (AI) has become a transformative force, revolutionizing industries and quietly reshaping our lives and work. This year, AI has made a notable transition, entering the public domain and garnering significant attention. As AI continues to experience exponential growth, large corporations are recognizing its potential and actively integrating it into their operations. Amidst this landscape, Solidus AI Tech, led by visionary entrepreneur Paul Farhi, has emerged as a formidable contender. With a mission to challenge established players, Solidus AI Tech envisions to Power the Future of AI with the use of Blockchain. Unleashing the Power of AI: Solidus AI Tech, under the leadership of founder Paul Farhi, has built an 8,000 sq ft high performance data centre in Bucharest Romania, to be in control and provide power to B2B solutions & are also working on solutions to utilize the power of AI to tackle complex challenges and drive unprecedented advancements. By leveraging machine learning algorithms, natural language processing, computer vision, and predictive analytics, the company is developing a range of solutions that span across various sectors, such as: Innovative Solutions for Businesses Revolutionizing Healthcare Transforming Transportation and Logistics AI Developer/User Marketplace. CertiK Platform We are collaborating with a pioneer in the blockchain security space, CertiK, as they specialize in auditing blockchain and smart contracts, conducting thorough security assessments. Their expertise ensures the resilience, robustness, and protection against potential attacks on Solidus AI Tech’s smart contract. Notably, Solidus AI Tech, led by Paul Farhi, has achieved an impressive score of 81/100 and has been awarded 6 CertiK badges, making it the highest-rated among all unreleased projects. This partnership instills confidence in both clients and users, reinforcing Solidus AI Tech’s credibility and safeguarding them against potential fraud and scams. Ethics and Responsibility: As AI continues to shape our world, Solidus AI Tech, recognizes the importance of ethics and responsibility in its development and deployment. The company adheres to stringent ethical guidelines, ensuring that their AI technologies are transparent, fair, and unbiased. Conclusion: Solidus AI Tech is revolutionizing the AI industry by integrating blockchain technology and developing innovative solutions, while their commitment to ethics and responsible AI development fosters trust and accountability. Contacts SINA ABDOLALI CHIEF MARKETING OFFICER [email protected]

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–#crypto–Today, Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital asset exchanges, issued a security bulletin warning digital assets exchange operators of the dangers created by using Chinese software. This includes vendors which claim to be headquartered in Singapore but have strong ties to Chinese businesses and the government. In addition to ongoing security and privacy concerns across all sectors, China is known as a haven for cryptocurrency fraud. This is particularly acute among providers offering “big data analytics,” giving them unfettered access to client data. Additionally, certain Chinese exchange solution providers also offer custody and fund management services, creating a potential fraud nexus. The Chinese government’s engagement in the cryptocurrency industry, through companies offering software used to launch crypto exchanges, poses security threats to the United States and its allies: Cybersecurity Risks: Cryptocurrency exchanges involve a high volume of sensitive information, including the personal and financial data of users. Modulus data scientists have studied software from dozens of providers across the globe, and they found that Chinese-backed firms, including those using Singapore as an official headquarters, routinely produced software with vulnerabilities and hidden backdoors. Both create tremendous potential for data breaches and other cyberattacks. Financial Manipulation: Companies under the influence or direction of the Chinese government can manipulate the price, availability, or liquidity of certain cryptocurrencies, affecting global crypto markets and potentially destabilizing financial institutions or businesses that rely on these markets. Sanction Evasion: Cryptocurrencies are often used to circumvent economic sanctions due to their borderless and semi-anonymous nature. If a hostile country provides the software for exchanges, it could enable sanctioned entities to evade these restrictions, thus undermining U.S. foreign policy objectives. It is recommended that the government of the United States, as well as allied nations, specifically ban exchanges using Chinese-backed technology within their borders. Regulators will be receiving a copy of this report, in addition to scientific studies completed by Modulus scientists. Intellectual Property Theft: Cryptocurrency platforms are built from advanced and often proprietary technology. If American businesses utilize software provided by a foreign government-controlled entity, there is always a risk of intellectual property theft or espionage. Over the past decade, the risk of IP theft has been particularly acute within China and India. Ties to Custody and Asset Management: A number of Chinese providers have bought out asset management firms and/or are involved in crypto custody, creating a potential fraud nexus. Some even use their acquisitions to further brand themselves as being headquartered out of Singapore or Dubai when, in fact, they truly operated out of Shanghai. Surveillance and Data Harvesting: Companies with close ties with the Chinese government can use the software they offer to exchange operators to conduct mass surveillance and harvest valuable data about users, including American citizens and corporations. This data could be used for various purposes, from identifying high-value targets for cyber-attacks to gaining competitive intelligence. Digital Sovereignty: In a broader geopolitical context, the Chinese government’s influence on global cryptocurrency infrastructure could represent a challenge to American digital sovereignty and its influence on the global financial system. Regulatory Compliance Risks: There may be regulatory compliance risks for American companies that use a platform potentially controlled or influenced by a foreign government. These could come from U.S. regulators concerned about consumer protection or from international regulators. Over the past year, TikTok has seen this very risk play out on the American political stage. Decentralization and Control: One of the main tenets of cryptocurrency is its decentralized nature, which could be undermined by the influence of a state actor. This could lead to a loss of confidence in the system and create potential negative economic implications. National Security: If cryptocurrencies become a significant part of the economy, control over them would have national security implications. For instance, a hostile state could try to destabilize the global economy through the control or manipulation of cryptocurrencies. Dependency and Influence: If Chinese companies’ software becomes widely used, it could increase dependency on the software and allow China to exert greater influence over the global financial technology ecosystem. Additionally, Modulus scientists have pointed out that China has a very high rate of cryptocurrency fraud. Examples include: PlusToken Scam: One of the biggest cryptocurrency scams in history, PlusToken presented itself as a cryptocurrency wallet that would reward users with high rates of return if they purchased the platform’s PLUS tokens with Bitcoin or Ethereum. In 2019, the platform abruptly closed, and the founders disappeared with an estimated $2 billion in cryptocurrency, affecting millions of investors. WoToken Scam: Similar to PlusToken, WoToken was another Chinese-based Ponzi scheme that defrauded investors out of an estimated $1 billion worth of crypto assets from 2018 to 2019. Users were promised high returns for their investment and were incentivized to recruit others to invest in the scheme. Cloud Token Scam: Cloud Token was a mobile app that claimed to generate profits through the use of a smart trading algorithm, promising a high daily return on investment. The operation, primarily promoted out of Asia, collapsed in 2019 after it was found to be a Ponzi scheme. While it was not exclusively based out of China, a significant portion of its activities were targeted towards the Chinese market. Modulus executives have offered the following opinion: While the Chinese government has publicly taken steps to crack down on cryptocurrency fraud and to regulate the industry, the anonymous and borderless nature of cryptocurrencies and very limited legal recourse for victims outside of China makes it an attractive country for fraudulent schemes. To manage these risks, companies should consider utilizing software from countries with maximum legal recourse, conducting thorough background checks, audits, and consulting with legal experts to ensure compliance with all relevant laws and regulations. Governments outside of China may also need to step up their oversight and regulation of the cryptocurrency industry to mitigate potential threats. About Modulus: Since 1997, Modulus has provided advanced financial technology products and services to financial exchanges; brokerages; trading firms; hedge funds; and educational, governmental, and non-profit institutions throughout more than 100 countries. The company’s products and services reach millions of users around the world. Modulus is the largest holder of fintech IP on the planet. To schedule an interview with CEO Richard Gardner, contact Modulus Chief Communications Officer Charles Catania at [email protected], or via telephone at 860-299-3689. Contacts Charles Catania [email protected] 860-299-3689

The United States Securities and Exchange Commission (SEC) has allegedly held up assistance needed in a congressional bill to regulate the crypto markets. This has been considered a potential hurdle if the bill is to pass in Congress. Through multiple sources, the Block found that the SEC has yet to provide sufficient technical assistance for the bill after almost six weeks of request. The report stated that this appears to be the case despite the supposed commission’s good communication with the House. SEC officials have recently provided briefings to the staff of Democratic members of the House Financial Services Committee. These briefings reportedly covered their opinions on digital asset regulation in light of the committee’s upcoming consideration of bills to establish a comprehensive framework for cryptocurrency markets in the United States. While the Securities and Exchange Commission seems to be dragging its feet in responding to the House’s request, the Commodity Futures Trading Commission (CFTC) is said to have been receptive so far, providing the congressional staff with some technical assistance. Final Draft Of Crypto Market Bill To Be Unveiled Various House committees have been working together for months to create a new bill for crypto markets in the country. This crypto market bill, led primarily by Republican members, is expected to direct the U.S. market regulators on how a digital asset can transition from a security to a commodity. Additionally, it would temporarily confer the Commodity Futures Trading Commission superior power over crypto commodities markets – mainly Bitcoin trading. A final draft of this multi-committee bill will reportedly be introduced today, July 20, 2023. This is in anticipation of a committee debate and vote next week. Initially, a committee debate and amendment process for the Financial Services Committee part of the bill was scheduled on Wednesday, July 19. However, this “markup” has been rescheduled to the following week to allow enough time for additional review by committee members. Senators Urge SEC Chairman To Crack Down On Crypto Companies On Wednesday, July 19, two prominent figures in the U.S. Senate criticized the crypto industry, pressing the Securities and Exchange Commission to be more aggressive in its regulatory style. Democrat Senator Dick Durbin D-III condemned the activities of crypto companies in the United States. The government official said: Senator John Kennedy, a Republican from Louisiana, asked Gensler why there was “no emergency injunction to force the bankrupt FTX exchange to halt its operations before collapsing last November.” The SEC chairman responded, saying: Although Gensler agreed with the Senators’ claims about the crypto industry and the need for more policies, he made a case for the underlying technology. Meanwhile, he took the opportunity to request more funding for his agency.

Digital asset management platform Blofin has released a report that explores the changing narrative of the cryptocurrency market, focusing on the diverging correlation between Bitcoin (BTC) and Ethereum (ETH). The report suggests that BTC is becoming an increasingly prominent macro underlying asset, approaching the status of traditional assets such as foreign exchange and precious metals, while ETH’s narrative is shifting towards mega stocks. BTC Gaining Prominence As Macro Underlying Asset According to the report, the attractiveness of ETH for liquidity may continue to be weaker than that of BTC, especially in the current era of “lack of liquidity,” unless there is a grander narrative and widespread application. Moreover, the report notes that a new Crypto 3.0 narrative has emerged, which combines macro trading, artificial intelligence (AI), and other factors. The report suggests that BTC’s macro attributes have been continuously strengthened by existing and external liquidity preferences, with the Bitcoin network becoming a natural macro underlying asset. The report also highlights the importance of BTC being a fully compliant asset, unlike ETH, which has not been recognized as a security by the US Securities and Exchange Commission (SEC). This ambiguity around ETH’s status implies risk, while BTC has been identified as a commodity. Institutions are less likely to take risks on compliance, making BTC the preferred choice for many investors. Last but not least, the report also considers three scenarios for the future price of BTC, depending on changes in interest rates and market expectations. The most optimistic scenario involves a Bitcoin spot exchange-traded fund (ETF) passing and pushing BTC’s market share up to 60%, resulting in a market cap of $960b and a unit price of over $49,400. However, if investors have no better expectations and the crypto market capitalization is limited, the market capitalization of BTC will fluctuate between $600-$700b, and the price will fluctuate between $30,880-$36,026. Caution Until Bitcoin Can Sustain Above $32,000 Capriole Invest, a leading provider of Bitcoin and cryptocurrency investment strategies, has released its latest Bitcoin Macro Index report. The report provides a comprehensive and data-driven analysis of the current state of the cryptocurrency market, combining over 40 powerful on-chain, macro market, and equity indicators into a single machine-learning model. The report reveals that Bitcoin is facing significant resistance at the $32,000 mark, despite a series of positive news stories for the industry in recent weeks. While the Blackrock ETF announcement, XRP legal victory, and backing from presidential candidate Kennedy for backing the US Dollar with Bitcoin have all made headlines, they have not been able to sustain momentum above $31,000. According to the report, until Bitcoin can convincingly sustain price levels above $32,000, it is prudent to be conservative in the upper $30,000 region. On the high timeframe technicals, Bitcoin has failed to break out of weekly resistance at $32,000, suggesting a greater area of opportunity on a $32,000 break or reversion to the mid-$20,000s. The report concludes that while opportunities for trades may exist if the range lows can hold on to the lower time-frames at the end of the day, the risk-reward opportunity is not present for high-conviction investments. Despite a 50% increase in Bitcoin’s mining network in the last six months, long-term value remains, but now is probably not the time to go all-in. At present, Bitcoin is facing a challenge to maintain its position above the crucial $30,000 line, which is a fundamental psychological level for investors with a positive outlook for the cryptocurrency. The leading digital asset in the market is currently trading at $29,750, indicating a 0.8% decline in the past 24 hours. Featured image from iStock, chart from TradingView.com

A total of 123.53 trillion SHIB were held by Shiba Inu billionaire addresses as of July 17. The difference comes down to an increment of 20.35 trillion SHIB accumulation. Shiba Inu billionaire addresses, defined as those with 100 billion to 1 trillion SHIB, have amassed trillions of cryptocurrency over the previous 30 days, as per data from IntoTheBlock. Traders and investors alike are piling up SHIB. According to IntoTheBlock data, Shiba Inu billionaire addresses have further accumulated 20% SHIB as a whole. A total of 123.53T SHIB were held by Shiba Inu billionaire addresses as of July 17. This is up from 103.18T SHIB as of June 19. The difference comes down to an increment of 20.35 trillion SHIB accumulation. According to IntoTheBlock statistics, the SHIB held by large whales has increased significantly over the last week. A rise in SHIB holdings by major players may indicate increased purchasing activity. All Eyes on Upcoming Mainnet Launch Moreover, the increase in the SHIB holdings by billionaire addresses may be linked to the upcoming launch of Shibarium mainnet. The Blockchain Futurist Conference, set for August 15 and 16 in Toronto, Canada, has Shiba Inu as its official title sponsor. The lead developer of SHIB, Shytoshi Kusama has hinted launch of the Shibarium mainnet at this event. On the other hand, a Shiba Inu team marketing expert has resorted to Twitter to reassure investors about the token’s recent performance. Developer team inaction at this moment cannot be blamed for the current price consolidation of SHIB, as indicated by @LucieSHIB on Twitter. Instead, Lucie cited the approaching Bitcoin halving as the key cause for the general cooling of crypto prices. Also, Lucie believes that over the fall and winter months, positive developments will surface. Thus, resulting in a strong market mood and a likely increase in crypto prices.

Lovely Inu Finance celebrates its second anniversary with the launch of Lovely Exchange. Lovely Inu started at $0.000000007, reached an all-time high of $0.0000008 on five exchange listings. Community members speculate a potential surge to $0.00005. As Lovely Inu Finance approaches its second anniversary, it has recently launched its native exchange, the Lovely Exchange, marking a significant milestone for the hybrid crypto platform. Furthermore, to celebrate its second year in the market, Lovely Inu has lined up 15 prominent exchange listings, signaling a potential boost in its market value. Let’s take a closer look at the key data points to understand the potential for Lovely Inu’s price surge: Presale Price and Initial Listing: Lovely Inu started its journey with a presale price of $0.000000007. Upon launch, it was listed on five exchanges, hitting its all-time high of $0.0000008. 1st Anniversary Expansion: One year into its existence, Lovely Inu expanded its presence to ten exchanges, and its value reached an all-time high of $0.0000015. Approaching 2nd Anniversary: As the second anniversary approaches, Lovely Inu is set to be listed on 15 exchanges, potentially impacting its market value significantly. Hybrid Crypto Platform: Lovely Inu boasts a unique combination of blockchain, wallet, and centralized exchange functionalities. The combination of these features has contributed to its steady growth in the crypto space. As we analyze the potential for Lovely Inu’s price surge, it’s essential to consider additional factors that contribute to its value proposition. According to available data, similar blockchain projects typically hold a market cap of approximately $100 million, while wallet projects and centralized exchange (CEX) projects hover around $50 million and $200 million, respectively. For Lovely Inu, it offers a unique combination of blockchain, wallet, and CEX functionalities, effectively amalgamating these values. By combining the market caps of these components ($100M + $50M + $200M), we arrive at a total value of $350 million and above. Considering the growth trajectory of Lovely Inu so far and the upcoming listing on 15 exchanges for its 2nd anniversary, some members of the community speculate that the token’s value could surge to $0.00005. This optimistic projection is based on the growth trend seen in the past, as well as the continued expansion and adoption of the Lovely Inu platform. It’s important to note that the crypto market is highly volatile and subject to various factors that can influence prices. While the prospects of Lovely Inu look promising, investors should exercise caution and conduct their own research before making any investment decisions. In conclusion, the expansion of Lovely Inu’s ecosystem with the launch of Lovely Exchange and the upcoming 15 exchange listings indicate a potential positive impact on its market value. However, investors should remain mindful of market risks, and potential price movements may vary. As always, prudent investment decisions are essential in the ever-changing crypto landscape. Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

In May of 2023, a cross-party Committee of MPs recommended the new legislation. Andrew Griffith said that such regulation would be in violation of international norms. The United Kingdom’s HM Treasury “firmly disagrees” with a suggestion by the House of Commons Treasury Committee to label cryptocurrency trading as gambling. In May of 2023, a cross-party Committee of MPs recommended the new legislation. In its formal report, the Committee noted that crypto assets had “no intrinsic value” and warned against regulating them as financial assets, which may create a “halo effect” and trick consumers into thinking that this activity is safer or more protected than it really is. Stringent Regulations Underway Furthermore, on July 19, in response to the Committee’s concerns, Economic Secretary to the Treasury Andrew Griffith said that such regulation would be in violation of international norms. Also, it could cause crypto asset activity to move offshore, and wouldn’t address risks like market manipulation or improper disclosures. Moreover, the dangers of unbacked crypto assets must be addressed. And the conditions for safe innovation must be established, the report stated, and this is best done via a financial services regulatory framework. Recent developments in crypto laws were also addressed in the official statement. The government stated: The Financial Services and Markets Bill (FSMB), which seeks to legislate cryptocurrencies and stablecoins, has made progress toward becoming legislation. According to the government authorities, the FSMB will be in effect by late 2023. Highlighted Crypto News Today: Kuwait Enforces Nationwide Ban on Crypto Activities

Alchemy Pay has successfully integrated a number of European local payment channels. It is a major step toward realizing the European Union’s objective of a single digital market. With its newest strategic move, Alchemy Pay, a Singaporean crypto on- and off-ramp solutions provider, is poised to completely transform the European crypto industry. Alchemy Pay has successfully integrated a number of European local payment channels. These include Bancontact in Belgium, iDEAL in the Netherlands, and globally accessible options like Skrill and Neteller. The aim is to enable frictionless crypto transactions via the euro. Further facilitating access to digital assets through Poland’s preferred local e-wallet, BLIK. Alchemy Pay has added support for the PLN currency, making it accessible for Polish users. Alchemy Pay, which was founded in 2017 and has its headquarters in Singapore, has quickly become a frontrunner in developing countries. Thus, garnering significant influence in Latin America and Southeast Asia. Boosting Crypto Adoption Alchemy Pay is dedicated to simplifying the onboarding process and promoting the adoption of cryptocurrencies throughout its expansive network of more than 300 fiat modes of payment in 173 countries. Moreover, Alchemy Pay’s strategic expansion into Europe is a major step toward realizing the European Union’s objective of a single digital market. On the other hand, an official cooperation between the leading fiat-crypto payment gateway and Neo, the premier open-source and community-driven blockchain platform, has been revealed. This Neo-organized Hackathon will run from July to October 2023. And will take place in six different locations throughout Asia and the Pacific. Furthermore, it aims to bring together blockchain professionals from all walks of life. Including those interested in DeFi, NFT, GameFi, DAO, AI, and infrastructure. In order to collaborate on improving the future of the industry as a whole. Highlighted Crypto News Today: UK’s HM Treasury Rejects Labeling Crypto Trading as Gambling

Marketing expert from the Shiba Inu team responds to questions about the current SHIB price performance The expert points to the upcoming Bitcoin halving as the primary reason for the cooling of crypto prices Lucie expects positive developments in the autumn and winter months A marketing expert from the Shiba Inu team has taken to Twitter to address the concerns of SHIB holders regarding the current price performance. @LucieSHIB explained that the recent stagnation in SHIB’s price cannot be attributed to the developer team’s actions at this time. Instead, Lucie pointed to the upcoming Bitcoin halving as the primary reason for the overall cooling of crypto prices, as market participants are uncertain about the potential impact on BTC miners’ rewards being halved again. Lucie anticipates that positive developments will emerge during the autumn and winter months, leading to bullish market sentiment and a rise in cryptocurrency prices. Regarding Shibarium, Lucie emphasized that it is a genuine technological advancement, not a pump-and-dump scheme, and has the potential for substantial long-term growth. Shibarium hits new milestone The Shibarium beta version, known as Puppynet, has achieved a noteworthy milestone in terms of utility. The Puppyscan explorer reveals that over the past three days, the testnet has witnessed a significant increase in transactions, reaching a total count of 31,070,731 transfers at the time of reporting. On July 11, the transaction volume reached a peak of 279,814. However, the number of linked wallet addresses has seen a relatively minor increase of one thousand wallets, totaling 17,062,324 addresses. Additionally, the total count of produced blocks stands at 1,766,046. As of now, SHIB is trading at $0.000007737, showing a slight rise of almost 0.7% in the last 24 hours, as per CoinMarketCap data.

Litecoin halving is approaching on 2nd August 2023. This third Litecoin halving would drop to 6.25 LTC. The crypto market is approaching its halving event coming up for various coins. The recent upcoming halving event is Litecoin’s which is scheduled on August 2, 2023. This is termed to be the third halving event on Litecoin which will occur once the mining of the 2.52Mth block happens. Let’s dive in to know more about Litecoin Halving 2023. What is Litecoin Halving? The term ‘Halving’ refers to an event in crypto that occurs when the block reward is cut in half every four years in count approximately. Here, Litecoin is one of the cryptocurrencies that undergoes halving for every 840,000 blocks getting mined. (Source: TheNewsCrypto) Considerably, the next halving is scheduled on August 2nd, 2023 which drops the block reward to 6.25 LTC from the first-ever block reward which is 50 LTC. It is noted that the first Litecoin halving happened in 2015 (halved to 25 LTC) and then in 2019 (halved to 12.5 LTC) for the second time. Due to halving, the LTC community anticipates Litecoin’s price to be involved in larger engagement among investors and miners so that it becomes valuable over time. Impact of LTC Halving As per the prediction of crypto analysts, the Litecoin halving would probably spike the market price of LTC due to scarcity whereas others point out that there could be a sell momentum as the holders and miners might balance their amounts with that. Meanwhile, the impact would purely depend on the crypto market and the demand for the LTC at the time of halving. It is expected that the effect of Litecoin halving will profoundly hit the LTC pricing in either way mentioned. Details of Litecoin Halving Considering the chronological order, the block height called ‘genesis’ was mined a decade ago on 7th October 2011. At that time, the block reward was set as 50 LTC. Secondly, when 840,000 blocks are mined in which the first halving hit and the block reward halved to 25 LTC, in 2015. Litecoin Halving Records (Source: TheNewsCrypto) Meanwhile, in 2019, the second halving happened when the block height reached 1.6M thereby the reward was reduced to 12.5LTC. Now, as per the stats, the upcoming third Litecoin halving would drop by 6.25LTC where the block height reaches 2.52M. Bitcoin Halving vs Litecoin Halving (Source: TheNewsCrypto) Concerning the limited supply of Bitcoin which is 21M, the halving creates more demand and value with the price surge. Likewise, Litcoin has its total supply reporting to 84M which is four times more than BTC. So, if the Litecoin halving happens, scarcity would probably arise, and the impact may or may not include the price surge as depicted. Current Status of Litecoin (LTC) According to CoinMarketCap, Litecoin (LTC) is priced at $94.39. This enlarges the community with a trading volume spike of around 8.85% for $519,585,417 at the time of analysis. Furthermore, the circulating supply has reached 87.38% of the total supply. Litecoin (LTC) 24H Price Chart (Source: CoinMarketCap) The total tokens that are active include 73,402,127 overall. Over a week, LTC is facing a drop of around 6.43% yet the traders and investors are involved in trading LTC for an increase of about 11.48%. Moreover, the graph exhibits a bearish market throughout the week than the first. Litecoin’s Future Price Prediction Regarding the current market status of LTC, the resistance and support levels of Litecoin were predicted through the analysis. The resistance level 1 and 2 range by $97.54 and $134.57 respectively whereas the support level 1 and 2 range by $74.61 and $55.46 respectively. Comparatively, the litecoin price prediction for the next five years is anticipated to be bullish and bearish separately. According to the bullish price for the consecutive five years, it raises to $155, $183, $210, $269, and $313. Likewise, the bearish price for the upcoming five years tends to fall by $59, $67, $79, $86, and $100. Litecoin Mining Summary The crypto market with respect to Litecoin has been facing difficulty for over a week. Currently, 26.6054M is the LTC mining difficulty and the hash rate is about 775.68 TH/s. On a daily basis, the Litecoin mining reward is around 7,200 LTC. The current block reward is 12.5 LTC and the total blocks of around 2,512,202 are mined so far with a transaction fee average of $0.0010 (approximately 0.00001087 LTC). Conclusion Apparently, the upcoming halving event will be effective for investors. The sequential every four years impact the crypto investors but much lesser than Bitcoin halving. The event would highlight the scarcity as already 87% of coins are mined and the rest are yet to be in demand. Considering Litecoin’s price rally, the crypto marketplace would reflect back on digital assets. Disclaimer: The opinions expressed in this article are solely those of the writer and not of this platform. The data in the article is based on reports that we do not warrant, endorse, or assume liability for.

Upland, the leading web3 Metaverse SuperApp, has announced today that they will continue their partnership with FIFA to deliver a fully immersive web3 experience to football fans, including gamified digital collections commemorating and capturing the moments of the FIFA Women’s World Cup Australia & New Zealand 2023. The partnership brings together football supporters from all over the globe to take part in a variety of FIFA-related digital activities, celebrate their devotion, and interact with one of the sport’s biggest international events. The FIFA Women’s World Cup is literally unrivaled for the degree of solidarity and enthusiasm it fosters for women’s football and is renowned for cultivating a dedicated fan base and kindling the spirit of international competition. FIFA fans have the chance to explore the whole of the immersive web via the metaverse platform created for the FIFA Women’s World Cup Australia & New Zealand 2023. Football fans from all around the globe can now interact in FIFA Women’s World Cup AU∙NZ∙2023-themed Cafes, where they can talk, cheer, and eventually join in the celebration of women’s football, with the community at the center of the Upland experience. Fans love experiencing their passion for football in the metaverse by taking part in activities provided by the platform. Additionally, Upland is offering a collection experience that is even more exciting thanks to gamified possibilities to buy, sell, and complete full collections of distinctive digital assets and highlight videos. Following are all of the FIFA tournament-related activities available in Upland: FIFA tournament digital collectibles and videos Community activities offered by the platform to raise a user’s Fan Score Cafes with a 2023 FIFA Women’s World Cup AU∙NZ∙2023 are 3D immersive areas where fans may interact and connect. Community-created games and experiences using digital products based on the FIFA tournament Collectibles for the FIFA Women’s World Cup AU∙NZ∙2023 are available via a fun, gamified experience in the Upland Metaverse that rewards supporters of their favorite teams. Players may buy and acquire Bundles that have various digital collectibles at various rarities that include goods from all thirty-two nations representing. Players may show their love for their nation and favorite team by displaying these artifacts in their virtual homes, whether they want to fly a flag in their neighborhood or explore the sizable Upland world. The community of Upland competes based on its Fan Score, which identifies the top fans. The players’ Fan Score is based on in-game elements like collection completions, engagement in platform-sponsored community activities like neighborhood decorating competitions and trade challenges, and prior FIFA World Cup Qatar 2022 Legit purchases. High Fan Scores supporters who are championship-level competitors will also participate in one-of-a-kind, cross-tournament collections. In some FIFA tournaments, bundles may also feature Passes, which may be traded depending on their rarity for highlight videos that capture the excitement and glory of a fan’s favorite play. The FIFA Women’s World Cup experience in Upland is all about interacting and connecting with other football fans from across the globe in a fully immersive 3D experience, despite the fact that there will be plenty of competitive spirits. With the help of Upland, a project that aims to close the gap between the virtual and real worlds, players will be able to connect with other like-minded fans, share success stories, talk about virtual business ideas, and proudly display their nation’s flag on their properties throughout the tournament. The platform, which is exclusive to web3 and Upland, offers players the tools they need to quickly and simply build their own games and experiences using FIFA tournament digital collectibles. The Upland community is empowered to gamify their own concepts by having access to and actual ownership of digital collectibles. Upland and the FIFA Women’s World Cup Australia & New Zealand 2023 experience are created to build a connection between previous, current, and future FIFA fans in order to keep them interested in their favorite national teams across their lifetime by allowing them to collect valuable digital memorabilia and videos, earn rewards for displaying their team loyalty, and have access through true ownership to design their own experiences. For an even more immersive experience, one can access FIFA Women’s World Cup Australia & New Zealand 2023 in the Upland Metaverse on Google Play, the App Store, and the web.

Terraform Labs has announced the appointment of Chris Amani as the interim Chief Executive Officer (CEO), replacing co-founder Do Kwon. Terraform Labs Elevates Former COO Chris Amani as Director and Interim CEO Chris Amani, an experienced leader with over two decades of experience in the technology industry, has been selected as the interim CEO for Terraform Labs. Having served as the Chief Operating Officer (COO) and Chief Financial Officer (CFO) since joining the company in 2021, Amani brings valuable insights and expertise to this new role. Previously, Amani held leadership positions at prominent technology companies such as MongoDB, Electronic Arts, and Zynga. His deep understanding of TFL’s operations and strategy positions him to steer the company through its current challenges and drive its mission forward. This decision comes as Kwon faces potential extradition to South Korea or the United States from Montenegro, where he is currently serving a prison sentence. Navigating Through Troubled Waters: Terra’s Comeback Plan Terra, known for its TerraUSD and Luna cryptocurrencies, faced a significant setback in May 2022 when the collapse of its stablecoin caused a ripple effect across the crypto market. Co-founder Do Kwon’s legal troubles further exacerbated the situation, with charges of misleading investors and alleged involvement in illicit transactions during the collapse. Amidst these challenges, Chris Amani expressed his commitment to reviving the Terra blockchain and focusing on developing applications that provide real utility. TFL’s comeback plan involves executing a clear vision for Terra’s role within the broader Web3 ecosystem, which Amani and the team are dedicated to implementing. The new CEO emphasized the importance of community collaboration and shared goals during this rebuilding phase. With approximately 40 employees, the company will continue to operate without Do Kwon’s leadership, as he focuses on addressing his legal affairs. The team is optimistic about its ability to salvage the situation and is actively working on plans to propel the company forward. Nevertheless, the legal issues surrounding Do Kwon’s involvement in the collapse have been a significant point of concern. Terra’s recovery plan is not without its complexities, but the team is determined to restore value to the Terra Classic ecosystem. Amain, in his statement, said, “The process won’t be easy, but we have a clear vision of where Terra fits within the broader Web3 ecosystem and are hyper-focused on executing against that vision. We look forward to sharing more on this soon” The plan involves reducing node syncing times, creating a TerraUSD testnet, developing yield-generating applications, and implementing a reward system for developers.

DUBLIN–(BUSINESS WIRE)–The “The Global Inflection Point Index” report has been added to ResearchAndMarkets.com’s offering. The GIPI provides policymakers, businesses, and individuals with a valuable tool to better understand the complex interplay of these factors and the critical turning point the world is experiencing. The Global Inflection Point Index (GIPI) is a groundbreaking metric that encompasses six key factors contributing to the world’s inflection point, including attitudes toward racial equality, global warming, corporate systems inequality, the rise of cryptocurrencies, political instability, and the Covid-19 pandemic. Key Topics Covered: 1. Introduction 2. Factors in the Global Inflection Point Index 2.1. Racial Equality 2.2. Global Warming 2.3. Corporate Systems Inequality 2.4. The Rise of Cryptocurrencies 2.5. Political Instability 2.6. The Mass Shootings and Covid-19 Pandemics Methodology and Data Sources The Inflection Point: Analysis and Insights Regional and Country-Level Analysis Implications for Policymakers, Businesses, and Individuals Conclusion Bibliography For more information about this report visit https://www.researchandmarkets.com/r/vwe1eg About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Contacts ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

In April 2023, Arkansas made history by becoming the first state to pass the ‘Right to Mine’ Bitcoin bill in both the House and Senate. However, the “Right to Mine” law in Arkansas is encountering increasing opposition as it relaxes regulations on commercial crypto mining. Reports have suggested that loosening restrictions on commercial cryptocurrency mining has raised concerns. This is because after enacting the new law, large electricity-intensive crypto mines entered Arkansas. The legislation has sparked controversy by limiting the authority of city governments to regulate crypto mines. This has effectively stripped them of their ability to enforce local ordinances concerning such operations. During the 2023 legislative session, Arkansas Senator Bryan King (R) from District 28 expressed criticism of the bill’s introduction. And Senator King is reportedly planning to introduce another bill aimed at repealing the controversial “Right to Mine” law. Related Reading: Solana (SOL) Continues To Shine With Over 20% Surge – What’s Next? Reports indicate that residents have raised numerous concerns, including excessive noise, substantial power grid usage, and the fact that Green Digital LLC., the company behind the proposed crypto mines in their cities, is a subsidiary partially owned by the Chinese Communist Party. Some Towns Have Rejected Proposed Crypto-Mining Facilities Arkansas Senator Bryan King has taken proactive steps by drafting a bill aimed at repealing the controversial law related to crypto-mining. One of the major worries is the strain on the local power grid caused by the electricity-intensive nature of crypto-mining operations. Reports have surfaced that some areas are already facing warnings of potential brownouts or blackouts. This is because of the increased energy consumption from these facilities. As of the current moment, local reports indicate that Arkansas is home to approximately 10 crypto mines. Vilonia and Harrison, two towns in Arkansas, have prevented attempts to establish proposed crypto-mining facilities within their respective city limits. Senator Bryan King has further contended that crypto mines do not serve as economic boons to the communities where they establish their operations. He specifically highlighted that facilities like those proposed by Green Digital only employ a limited number of people. As such, the mines fail to provide substantial job opportunities or significant economic growth to the areas they operate. Advocacy For The Mining Bill Senator Joshua Bryant (R) who sponsored the bill explained and supported that the bill aims to protect property rights and stop the unfair treatment of crypto entrepreneurs. He said that crypto miners are people living in Arkansas who invest money in the state’s infrastructure, help keep utility costs stable, and boost the local economy. Bryant points out that if crypto-mining facilities are treated similarly to other data centers, the law allows local governments to create their own regulations. Furthermore, he clarified, that regarding noise ordinances, local governments are free to regulate commercial facilities as they deem appropriate. Related Reading: XRP Maintains Bullish Run With Nearly 80% Rally – Is $1 Within Reach? However, the bill specifically focuses on home mining operations. In this regard, it suggests adhering to existing federal and state laws related to nuisances. It also includes the US EPA Noise Act or standard statutory language outlined in the Disturbance Act. Nevertheless, the Arkansas “Right to Mine” law is set to take effect next month.

European project SENATOR uses blockchain technology to support sustainable and secure last-mile operations in urban planning policies. Major urban concerns may be addressed by decentralization and openness with the aid of four different governance plans. The new initiative called SENATOR—or “Smart Network Operator Platform enabling Shared, Integrated and more Sustainable Urban Freight Logistics”—is backed and financed by the European Commission. It is being worked on by a global collaboration, which is being led by Correos. SENATOR will have an ICT platform for integrated logistical operations and a smart network operator at its core. It provides complete optimization of urban goods delivery services, one of the EU’s most urgent issues. The strategy used by SENATOR will cut down on the number and length of goods delivery routes in metropolitan areas. That should therefore have a favorable effect on the availability of real-time information, planning, and forecasts related to these tasks. Jelurida joins SENATOR as a partner of the business that was awarded the Correos public tender. Jelurida is significantly advancing the Blockchain project through the partnership. The SENATOR initiative also links collection points and goods delivery providers to include the needs for goods delivery into urban planning. Without such a remedy, goods distribution often has a detrimental effect on metropolitan areas. Collaboration among agents and improved solutions for all stakeholders are made possible by a proactive attitude. The Jelurida-developed Ardor blockchain powers the SENATOR solution. This technological stack is crucial because it provides ways to connect to other blockchains. Additionally, Ardor will assist SENATOR in supporting the traceability of important transactions, such as goods exchanges between various logistic operators, and the traceability of cold chain variables. One SENATOR Ardor Node will be used in the proof-of-concept stage to access the public Ardor blockchain and a central database linked to the Node. Every transaction’s data supplied from the SENATOR services is handled by the Node. Transaction efficiency and throughput are essential given the project’s real-world ramifications. When dealing with real-world use cases, such scalability, and flexibility are crucial since services must constantly function at their best. Additionally, SENATOR employs SENATOR ID, a digital identity management system. Individual users, entities (such as IoT devices and vehicles), and legal persons are all included. The multiple-pronged strategy allows SENATOR to address a range of current and future use cases. In Zaragoza, Spain, and Dublin, Ireland, the SENATOR system will undergo its first testing. An Urban Living Lab is located in each area, allowing this novel strategy to be tested in actual settings. The new services are available to users in selected areas through a specific mobile application and web-based interface. Additionally, a native API makes these solutions available to third-party platforms and developers.