Solidus Labs’ latest Crypto Market Manipulation Report finds wash trading is one of the most common but preventable forms of market manipulation in DeFi NEW YORK–(BUSINESS WIRE)–#DeFi–The latest market manipulation report from Solidus Labs, a category-definer for crypto-native trade surveillance and risk monitoring, has found that crypto token deployers and liquidity providers have wash-traded at minimum $2 billion worth of cryptocurrency on Ethereum-based decentralized exchanges (DEXs) since 2020. From a sample of approximately 30,000 DEX liquidity pools, Solidus’ analysis revealed that 67% were manipulated by wash traders – traders who executed transparent or obfuscated self-trades solely to produce artificial movements in crypto tokens’ prices or volumes. Wash trading constituted 16% of the total trading volume of these manipulated pools. Given the sample size of pools Solidus reviewed, this is a lower-bound estimate of DEX-based wash trading volume. “Market manipulation remains a significant challenge within the crypto industry, especially in an era of greater regulatory scrutiny and institutional adoption,” said Asaf Meir, Solidus Labs’ Founder and Chief Executive. “The wash trading activity we have unearthed here is a clear sign of market manipulation, and it must be prevented for crypto and DeFi to flourish.” This report – the second in Solidus’ Crypto Market Manipulation Report Series – provides extensive data and specific examples of the main types of wash trading methods utilized by fraudsters. In DeFi, the fragmentation of liquidity across various DEXs makes for smaller markets that are more susceptible to price and volume manipulation. In one instance, Solidus identified a group of connected wallets that facilitated the wash-trading of a meme token named “SHIBAFARM” to attract speculators, manipulate its price, and then pull the rug on those speculators for a profit of more than $2 million. Wash trading is well-addressed in traditional markets through trade surveillance and self-trade prevention mechanisms; while it is just as detectable and preventable on DEXs, a regulatory question remains regarding who is responsible for on-chain wash trading detection and prevention. As these questions are being answered, Solidus Labs is taking significant steps to de-risk DeFi by building out solutions to identify and prevent market manipulation. These solutions, such as Token Sniffer, DEX-Based Insider Trading and DEX-based A-A Wash Trading Detection, are rapidly becoming relied upon by crypto exchanges, regulators and investors. About Solidus Labs Solidus Labs is the category-definer for crypto-native market integrity solutions – trade surveillance, transaction monitoring, and threat intelligence. Our mission is to enable safe crypto trading throughout the investment journey across all centralized and DeFi markets. As the founder of industry-leading initiatives like the Crypto Market Integrity Coalition and DACOM Summit, Solidus is deeply committed to ushering in the financial markets of tomorrow. Crypto exchanges, financial institutions and regulators globally rely on Solidus HALO – our real-time, comprehensive, testable, and future-proof platform. Safeguarding their business from known forms of market abuse and a plethora of emerging crypto-specific risks, we enable our clients to grow faster – and safer. To learn more, please visit https://soliduslabs.com. Contacts Trevor Davis Gregory FCA for Solidus Labs 443.248.0359 [email protected]

MetaMask Snaps will capture the full extent of the innovation happening in web3 by enabling third-party developers to bring their specialist expertise to building for the MetaMask platform. This permissionless innovation program is poised to transform the manner in which users engage with MetaMask worldwide, presenting them with unparalleled control and customization possibilities. In the initial phases, the priority is to involve adept MetaMask users in trying out MetaMask Snaps and gathering their input while the MetaMask team continues its development journey towards realizing MetaMask Snaps’ ultimate vision. FORT WORTH, Texas–(BUSINESS WIRE)–Today, Consensys, a leading blockchain and web3 software company, announces the launch of the first iteration of MetaMask Snaps to the public. MetaMask Snaps is set to revolutionize the way users interact with MetaMask, the world’s leading self-custody web3 platform, offering them unprecedented control and customization. Snaps are new features and functionality, created by third-party developers, that MetaMask users worldwide can install directly into their wallet. Previously, MetaMask features were exclusively developed by MetaMask developers employed by Consensys. The initial rollout will include 34 Snaps that provide utility around transaction insights, interoperability with non-EVM blockchains like Bitcoin, and notifications. The public launch of MetaMask Snaps marks a pivotal moment in the evolution of MetaMask as a wallet. By providing users with a new set of tools developed by third-party developers across the globe, MetaMask Snaps will empower individuals to shape their web3 experience according to their unique needs and preferences. Adept MetaMask users can access information about how to install the first available Snaps from the official website. The initial iterations will focus on getting experienced MetaMask users to try out MetaMask Snaps and collecting their feedback, while the MetaMask team continues its development journey towards realizing its ultimate vision. Initial Snaps rollout: transaction insights, interoperability, and notifications As the initial phase of realizing this vision, MetaMask Snaps will launch with a set of 34 Snaps. These Snaps went through security audits and were manually included in the allowlist by the MetaMask team. MetaMask will persist in auditing and incorporating Snaps into the allowlist until the transition to a permissionless system is achieved, eliminating the need for this intermediate step. These first Snaps unlock unique use cases that include: Transaction insights: Enhancing users’ web3 journey with clearer transaction insights, empowering them to identify potential security concerns and malicious smart contracts before finalizing a transaction. Interoperability: MetaMask Snaps broadens web3 usage to encompass non-EVM blockchains such as Bitcoin, Solana, Cosmos, and EVM Layer 2 solutions like StarkNet. Notifications: Keeping users informed and engaged with web3-specific notifications directly in MetaMask, ensuring you never miss an essential update or event. A full list of Snaps is available on the MetaMask Snaps Directory. MetaMask’s Vision of Permissionless Innovation In 2022, MetaMask surpassed 100 million users. The web3 ecosystem has witnessed rapid growth, leading to new diverse use cases. Innovations that provide a personalized user experience continue to be crucial to eliminating barriers to entry and facilitating the growth of the web3 ecosystem, with the ultimate goal of onboarding 1 billion users. While its origins are rooted in Ethereum, MetaMask holds the conviction that innovation occurs in many domains across the web3 ecosystem. With Snaps, the leading web3 wallet hopes to capture a fuller extent of the innovation happening in web3 by enabling third-party developers to bring their specialist expertise to building for the platform. MetaMask envisions an open, permissionless system of innovation where any web3 developer can build a Snap and make it available to users. A platform for the community, built by the community. “The most important part of the Snaps story to me is that we now have a system at the heart of our wallet that allows us to step back and humbly invite the community to provide their own solutions to the hardest problems. I have some big ideas and opinions about what the future of transaction safety could look like, but that’s no reason for it to be the only idea being validated. We’re helping usher in a new paradigm of distributed computing, and there are a lot of questions that need creative solutions, and so I still believe that lowering the barrier and cost to trying new things can be an important accelerant to finding good answers to those hard problems. This isn’t about accelerating technology for its own sake, it’s about accelerating the process of finding improvements in the ways we do things,” said Dan Finlay, Co-founder of MetaMask and Chief Ethos Officer at Consensys. Third-party developers building Snaps can independently ship and maintain their creations, separate from MetaMask. They maintain ownership of their code and establish a direct connection with their Snap’s users. In the long-term, MetaMask users will benefit from the convenience and versatility of countless Snaps, tailored for various use cases, across multiple protocols. They will see features that haven’t been imagined yet, developed at a pace that MetaMask couldn’t have achieved on its own. “We are building MetaMask Snaps as an open platform for innovation and we do not charge developers for publishing Snaps to this platform. We believe that permissionless innovation is a cornerstone of a decentralized system—no gatekeepers. Innovation thrives at the pace of the network, not just within an individual development team at Consensys,” emphasized Christian Montoya, Product Lead for MetaMask Snaps. Anticipating the future and what lies ahead, MetaMask has engaged in discussions with over 150 developers in the past few months to broaden the array of Snaps. These developers come from various regions around the world, including Africa, Asia, Europe, LATAM and the US. About Consensys Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and our NFT platform, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/. Contacts [email protected]

NFTScan partners with TON to unveil the NFT explorer, TON NFTScan. Over 1.1 million NFTs and 9,682 collections were issued in the TON ecosystem. NFTScan, a multi-chain NFT data infrastructure service provider, launched TON NFTScan, an all-inclusive NFT explorer within the TON (The Open Network) ecosystem on September 12. This announcement marks a milestone for NFTScan as they expand their support to the 18th blockchain, the TON network. Notable chains such as Bitcoin, Ethereum, Solana, Avalanche, Arbitrum, Optimism, Aptos, and Base are part of the NFTScan ecosystem. Through this integration with TON, NFTScan bolsters its mission of enabling users to access concise and efficient NFT data searches. And query services across various blockchain networks. Analyzing Statistics Using TON NFTScan The data from the TON NFTScan revealed impressive statistics regarding the TON ecosystem. According to the explorer, a total of 1,140,128 NFT assets have been minted and 9,682 collections have been created on the TON blockchain, as of September 12. Remarkably, the advanced L1 network recorded a staggering 2,710,156 on-chain transactions, involving 717,613 wallet addresses actively trading NFTs. Meanwhile, through various features, the TON NFTScan Explorer aims to give users detailed on-chain data, including trading, minting, and ranking. And gas fees for any NFT asset issued on the TON network. Additionally, users can easily access transaction histories for specific wallet addresses. Moreover, The community considers the launch of network-exclusive explorers as a significant step forward in boosting transparency within the NFT space. As the NFT market continues to evolve and expand, these analytical platforms play a crucial role in providing users with the tools they need to navigate this cutting-edge digital frontier.

A crypto analyst has presented their forecast for where they believe the Bitcoin price will be by the end of 2023. However, the end-of-year (EOY) price prediction is not the only interesting thing that the analyst talks about, with short-term expectations also included. Hoops To Jump Through For Bitcoin Price Pseudonymous crypto analyst Titan of Crypto took to X (formerly Twitter) to share their latest prediction for the Bitcoin price. This analysis uses the Ichimoku point of view to analyze a Tenkan Cajun (TK) death cross that appeared on the Bitcoin price chart. The importance of this TK death cross is what happened to the digital asset’s price the previous times it has appeared. According to Titan of Crypto, this exact death cross has appeared twice in the past two years, and each time, the outcome has been bearish for the Bitcoin price. As the analyst points out, Bitcoin had dropped an average of 20% when the TK death cross appeared both in June 2021 and January 2022, which does not bode well for the price right now. So another occurrence could see the Bitcoin price fall around 20% from its already low levels. The analyst also points to the packed week in terms of economic announcements such as the CPI and PPI, among others, which could have an adverse effect on the crypto market depending on their outcome. Such a drop as previously recorded could easily see the price drop to $20,300 the analyst points out. BTC Will End The Year On A Good Note Despite the incredibly bearish outlook that has formed for the Bitcoin price, especially in the short term, it is not all gloomy, according to Titan of Crypto’s analysis. For one, the analyst does not expect the price of the digital asset to fall any lower than its already established bottom back in 2022. This means that even though the analyst sees BTC returning toward $20,000, it won’t make a new bottom. Furthermore, the analyst also sees the cryptocurrency finishing out 2023 on a high note. In the same analysis, he points out that he expects Bitcoin to cross $30,000 by year’s end. “Overall I believe that Bitcoin is going to go up and gravitate/pass the $32k level by EOY,” the tweet reads. Going by this forecast, even if Bitcoin does fall to $20,000, the digital asset could see a more than 30% rise before the year is out. “But this scenario hasn’t played out yet and a lot of support needs to break before hoping for such a low price for #BTC,” the analyst explains in a follow-up tweet.

Generates 19% year-to-date annualized organic growth Year-to-date net inflows surpass the $10 billion mark, including net inflows in 7 of 8 product categories NEW YORK–(BUSINESS WIRE)–WisdomTree, Inc. (NYSE: WT), a global financial innovator, today released monthly metrics for August 2023, including assets under management (AUM) and flow data by asset class. Monthly Commentary: Over $1.3 billion of net inflows in August driven by robust flows into fixed income and all equity strategies, partially offset by weakness in commodity & currency flows Year-to-date net inflows eclipsed the $10 billion mark and are driving a best-in-class 19% annualized pace of organic growth relative to our publicly traded asset manager peers WisdomTree’s equity strategies (both U.S. and non-U.S.) are generating a combined 15.5% year-to-date annualized organic growth, including 29% annualized organic growth in non-U.S. equity strategies As of August 31, 2023 AUM Rollforward ($ in millions) Annualized Flow Rate MTD QTD YTD MTD QTD YTD Beginning of Period Total AUM $97,438 $93,667 $81,986 Total Net Flows U.S. Equity $197 $519 $783 8.5% 11.7% 4.9% International Dev. Mkt Equity $185 $411 $2,454 15.4% 18.0% 36.2% Emerging Market Equity $87 $298 $1,114 10.2% 19.1% 20.6% Fixed Income $994 $1,217 $6,202 57.2% 35.4% 61.0% Commodity & Currency ($145) ($818) ($328) (7.5%) (21.5%) (2.2%) Alternatives $18 $8 $12 61.3% 14.6% 5.7% Cryptocurrency $4 $9 $21 19.5% 20.5% 22.8% Leveraged & Inverse ($29) $1 $56 (17.3%) 0.2% 4.8% Total Net Flows $1,310 $1,645 $10,313 15.8% 10.3% 18.9% Market Move ($2,050) $1,387 $4,399 Current Total AUM $96,699 $96,699 $96,699 Average Total AUM $95,786 $95,680 $90,956 Blended Total Average Fee Rate 36 bps 36 bps Source: https://ir.wisdomtree.com/ Please visit https://ir.wisdomtree.com/ for downloadable spreadsheets containing detailed AUM and flow data by asset class and fund broken out by daily, monthly, quarterly and annual timeframes. About WisdomTree WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models, solutions and products leveraging blockchain-enabled technology. We empower investors and consumers to shape their future and support financial professionals to better serve their clients and grow their businesses. WisdomTree is leveraging the latest financial infrastructure to create products that provide access, transparency and an enhanced user experience. Building on our heritage of innovation, we are also developing and have launched next-generation digital products, services and structures, including digital or blockchain-enabled mutual funds and tokenized assets, as well as our blockchain-native digital wallet, WisdomTree Prime. WisdomTree currently has approximately $95.8 billion in assets under management globally. For more information about WisdomTree and WisdomTree Prime, visit: https://www.wisdomtree.com. Please visit us on Twitter at @WisdomTreeNews. WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide. Cautionary Statement Regarding Forward-Looking Statements This press release may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our ability to achieve our financial and business plans, goals and objectives and drive stockholder value, including with respect to our ability to successfully implement our strategy relating to WisdomTree Prime, our ability to continue to make achievements in AUM, levels of net inflows and other risk factors discussed from time to time in WisdomTree’s filings with the Securities and Exchange Commission (“SEC”), including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on February 28, 2023, and in subsequent reports filed with or furnished to the SEC. These forward-looking statements are based on WisdomTree’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside WisdomTree’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements included in this release speak only as of the date of this release. WisdomTree does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release except as may be required by the federal securities laws. Category: Business Update Contacts Media Relations WisdomTree, Inc. Jessica Zaloom +1.917.267.3735 [email protected] / [email protected] Investor Relations WisdomTree, Inc. Jeremy Campbell +1.646.522.2602 [email protected]

GENEVA–(BUSINESS WIRE)–Alphemy Capital S.A. (“Alphemy Capital”), an alternative investment manager focused on blockchain technology and digital assets investments, has appointed Constance Sng as its Chief of Capital Formation and Investor Relations. In this newly created role, Sng will work alongside the management team to develop and implement the firm’s strategic expansion and institutional offering. ‘Constance is a highly valuable addition to the team,’ said Alphemy Capital CEO Roman Khrushch. ‘She’s a proven business builder who embodies a rare blend of experience in investment management, fintech and web3 blockchain. Her expertise will be invaluable as we advance the next phase of our growth to become the leading digital assets investment manager.’ Alphemy Capital COO Martin Palotai added: ‘Alphemy Capital is a farsighted investment manager committed to the highest standards of corporate governance and risk management. As Chief of Capital Formation and Investor Relations, Constance will help us identify new opportunities to take this vision forward.’ Prior to Alphemy Capital, Sng was Global Head of Capital Formation and Investor Relations at a leading digital asset web3 platform, driving corporate strategy and investor relations. Having spent the earlier part of her career at hedge funds, asset management firms and banks, Sng was Chief of Capital Strategy at Hudson Cove Capital. There, she designed and spearheaded the firm’s growth, turning it from a family office to an asset manager with global investors comprising SWFs, pensions, OCIOs and banks, among others. Previously, she spent eight years at Moore Capital in New York, a leading global macro strategy hedge fund working with global institutional investors and investment consultants. She was also at New York-based Satellite Asset Management and held senior leadership roles at Credit Suisse Asset Management and Citigroup Asset Management, in Asia. Sng is a CFA Charterholder who holds a master’s in economics from the London School of Economics and a bachelor’s in finance and marketing from the University of Iowa. She is also chair of The Investment Diversity Exchange (TIDE) advisory board. About Alphemy Capital, S.A. Alphemy Capital, founded in 2019, is a Geneva-based investment manager regulated by the Swiss Financial Market Supervisory Authority (FINMA). The firm provides investors with unparalleled access to a portfolio of digital assets, combining a fundamental thesis-driven investment approach with rigorous risk management and institutional corporate governance. Alphemy Capital was founded by Roman Khrushch and Danylo Knysh, who are seasoned veterans in the blockchain web3 ecosystem as participants, investors and contributors since the early 2010s. Contacts Alphemy Capital S.A. Martin Palotai [email protected] +41 22 318 8787

The price has recently broken the key support level of $0.50. If price manages to break above the $0.51 mark, then it will likely rally towards the $0.55. It’s been less than two months since the landmark SEC vs. Ripple judgment. After significantly rising post the judgment, XRP’s price has fallen back to its pre-breakout level as the token is now facing a 53% retracement after its spectacular breakthrough in July. Undoubtedly, the euphoria among XRP traders and investors has been muted by the SEC’s intention to appeal Judge Analisa’s order. Despite persistent pushback from the crypto sector, Gary Gensler, chairman of the SEC, maintains that the agency’s securities laws apply to the vast majority of cryptocurrencies. To restate the SEC’s firm view that cryptocurrency firms must register with the regulatory body, Gensler provided written testimony to the Senate Banking Committee on September 12. The crypto community is watching the case intently because of the potential effect it might have on the whole industry. There are also a large number of XRP investors that are directly involved. Key Support Level Broken At the time of writing, the price of XRP is $ $0.48 as per data from CMC. Also, the trading volume of XRP is up 14.42% in the last 24 hours. On a positive note, the price of XRP is up 34.74% in the last 1 year. Source: CoinMarketCap If price manages to break above the $0.51 mark, then it will likely rally towards the $0.55 region. The price has recently broken the key support level of $0.50. It will likely test the $0.33 support level. With U.S CPI and PPI data expected this week, the price of XRP is expected to breakout in either direction.

Chainlink (LINK), the cryptocurrency known for its decentralized oracle network, has been facing a challenging period in recent days as it grapples with a persistent bearish trend. Despite some positive developments in the crypto space, LINK’s price has been on a downward trajectory, failing to capitalize on favorable news. One notable event that failed to provide the expected boost to LINK’s price was the successful completion of Swift’s experimentation with Chainlink. Swift, the interbank messaging giant, had conducted trials involving Chainlink, which created a buzz in the crypto community. However, rather than propelling LINK’s price to new heights, it primarily generated increased social volume and sentiment among traders. Chainlink Short-Term Support Zone Crumbles Looking at the price charts in a new analysis, it becomes evident that LINK was unable to maintain a short-term support zone that had been established by bullish investors just last week. The weekend witnessed a decline in prices and a surge in bearish pressure, undermining the previous support. On the 4-hour chart, a bearish order block was clearly visible around the $6.2 zone, marked in red. While Chainlink prices had briefly surged past this level on September 7 and even retested it as support, ultimately flipping it into a bullish breaker block, the bulls struggled to sustain the momentum. The persistent sell pressure over the past few weeks ultimately pushed LINK’s value below the critical $6.2 mark. Bearish Indicators Point To Further Losses As of now, Chainlink is trading at approximately $5.91 according to CoinGecko, marking a 0.6% decline in the last 24 hours and a 1.2% dip over the past week. Both the price action and technical indicators seem to align with the possibility of LINK facing more losses in the near future. Moving forward, the next significant support levels to watch are at $5.7 and $5, as indicated by the higher timeframe price charts. It is increasingly likely that LINK may experience a drop to these levels in the coming days and weeks. LINK Whales Accumulate Amid Bearish Trend Despite the prevailing bearish sentiment, a separate report highlights a noteworthy development. Chainlink whales, holding between 10,000 and 1,000,000 Chainlink tokens, have taken advantage of the recent dip in the asset’s price, anticipating a future recovery in the altcoin’s value. Typically, such whale accumulation tends to generate a positive sentiment among traders, as it fuels demand for LINK across various exchanges. However, it remains to be seen whether these bullish catalysts can ultimately break LINK free from its current downward trend, as social metrics continue to outshine price performance in the Chainlink ecosystem. (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 Broken Chain Photography

PayPal is now able to provide direct crypto purchases to its U.S. customers. The integration allows Web3 companies to access a wider audience, according to PayPal. According to a recent press release, PayPal has expanded its presence in the Web3 sphere with the addition of PayPal On and Off Ramps integration. The most recent change is geared toward making digital wallets, decentralized dApps, and NFT marketplaces more readily available in the U.S to facilitate the buying and selling of supported cryptocurrencies in line with applicable state regulations through PayPal On and Off Ramps. Boosting Crypto Adoption Moreover, integrating PayPal’s On and Off Ramps, a reliable and effective payment option, allows Web3 companies to access a wider audience, according to PayPal. In addition, the release demonstrated that they had access to PayPal’s full suite of services for combating fraud, chargebacks, and disputes. Also, with the introduction of On Ramps and partnerships with MetaMask and Ledger, PayPal is now able to provide direct crypto purchases to its U.S. customers. Meanwhile, with the launch of Off Ramps, American crypto wallet users will have the option of instantly converting their digital assets into USD from their wallets and adding the funds to their PayPal accounts. The change would make it easier for people in the United States to purchase online, send money to family and friends, save money, and make direct deposits to their bank accounts. Also, in its most recent announcement, PayPal said that PayPal Off Ramps is now live on MetaMask and accessible to wallets, dApps, and NFT marketplaces. Furthermore, the developments show that PayPal has been interested in the digital assets market for some time. To streamline online transactions, PayPal, has recently established its own stablecoin dubbed PayPal USD (PYUSD). Highlighted Crypto News Today: Bitcoin Price Briefly Recovers Post Recent Dramatic Drop

Banana Gun revealed a major flaw in its smart contract post-launch. ChatGPT, OpenAI’s chatbot, is credited for identifying the contract flaw in seconds, sparking debate on its capabilities. The token BANANA crashed after the flaw’s discovery, leading to “rug pull” speculations.. Banana Gun, a crypto project, recently disclosed a critical flaw in its smart contract. Despite undergoing two audits, the team only discovered the bug after the project’s launch. The glitch enabled users to sell their assets while still holding tax tokens, causing a flash crash in the value of its native token, BANANA. Following the revelation, the price of Banana Gun’s native token, BANANA, took a nosedive, as per DEXTools data. After reaching a high of approximately $8.7, its worth plummeted to near insignificance. This drastic price shift led to a wave of speculation. Many in the crypto community labeled the incident a “rug pull,” casting doubts over the project’s legitimacy. However, the Banana Gun team was quick to respond. They outlined a recovery strategy, starting with selling their Treasury wallet. The aim is to tap into the locked liquidity, which will find its way into a new contract. A subsequent relaunch is on the horizon, with an airdrop in the pipeline to compensate users. OpenAI’s ChatGPT Enters the Scene In an intriguing twist, a coder by the pseudonym ‘Mister Choc’ shed light on the contract’s vulnerability. He credited OpenAI’s chatbot, ChatGPT, for pinpointing the flaw in seconds. This revelation sparked a debate on the chatbot’s prowess. Matthew Zaborowski, Co-Founder of Proof of Play, weighed in on the matter. He acknowledged ChatGPT’s ability to scrutinize contracts for potential exploits but emphasized its supplementary role to seasoned developers and thorough audits. The Banana Gun team remains committed to rectifying the situation. They have assured stakeholders of a rigorous audit for the new contract. Only once all elements align perfectly will the project see another launch. In a gesture of goodwill, the team is also reviewing the Profit and Loss statements of all traders. Those who invested more in BANANA than they withdrew will receive full compensation in ETH.

Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders. However, analysts have revealed several stablecoins that have been struggling to maintain the esteemed stability reserved for these types of assets. Stablecoins Under Pressure The inherent volatility of the crypto market and the persistent price fluctuations of cryptocurrencies are a constant experience in the crypto industry. Due to this, stablecoins like USDT, USDC, and DAI have long been revered as a reliable bridge between the volatility and instability of cryptocurrencies. However, a recent report has raised concerns about the stability of some of the most popular stablecoins. The report saw analysts from S&P Global explore the top five stablecoins including Tether (USDT), Dai (DAI) Binance USD (BUSD), USD Coin (USDC), and Paxos (USDP). The research paper from Dr. Cristina Polizy, Anoop Garg, and Miguel de la Mata revealed that USDC and DAI have failed to maintain their dollar peg multiple times in the last two years, as compared to other stablecoins like USDT and BUSD. The analysis revealed that the de-pegging events for USDC and DAI have taken place more often than those of USDT and BUSD. Circle’s USDC was named as the stablecoin with the most prolonged de-pegging event, dropping to $0.90 for 23 minutes while DAI de-pegged for 20 minutes. In contrast, USDT dropped below the one-dollar peg for just one minute, while BUSD has not experienced any de-pegging event since June 2021 and June 2023. Possible Instigations For Stablecoin De-pegging Events March 2023 saw the fall of three prominent banks in the United States, including Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank. Due to the affiliations of these banks with the crypto industry, their collapse had a significant impact on the prices of digital assets in the space. Circle’s USDC experienced a decline of 13% below the one-dollar mark after reports revealed that a significant portion of Circle’s cash reserves, adding up to $3.3 billion, were kept in Silicon Valley Bank (SVB). However, the stablecoin has since recovered and maintained its peg following an announcement that confirmed that the Federal Reserve would endorse the banks’ creditors. Subsequently, Michael Barr, a high-ranking official at the United States Federal Reserve raised concerns about the adoption rate of unregulated stablecoins like USDT and USDC, which are currently the top stablecoins by market capitalization. As the broader crypto market watches closely for more discrepancies in the stablecoin dollar peg, financial firms like PayPal, have launched their own stablecoins. Prominent platforms like Binance, and Huobi are already incorporating the new PYUSD into their crypto portfolio. In addition, monetary institutions like Visa are taking advantage of stablecoins like USDC to propel expansion into new markets.

High volatility is anticipated this week due to the release of crucial data on U.S CPI and PPI. If the BTC price manages to go past the $26,380 mark then a fresh rally is expected. Bitcoin price has so far managed to avoid further decline by finding support around the $25,000 region; it was around this price that the last upswing to $31,500 began. BTC made a dramatic recovery after yesterday’s drop, climbing to around $26,000 earlier today. In a short time, the BTC price rose from $25,210 to $25,973. Furthermore, high volatility is anticipated this week due to the release of U.S CPI and PPI data. The former CEO of BitMEX, Arthur Hayes, recently made the suggestion that a rate drop by the Fed might boost BTC to the $70,000 level and revitalize the US financial system. This claim adds a new dimension to the discussion among investors regarding the future course of the crypto market. High Volatility Expected According to Glassnode, a blockchain data analytics firm, the market for digital assets “continues to dry up.” The digital asset market’s liquidity, volatility, and volume have all been falling, and several metrics have reverted to their pre-bull levels of 2020. At the time of writing, Bitcoin is trading at $25,800, up 0.03% in the last 24 hours as per data from CMC. Moreover, the volume is up 111.92% in the last 24 hours. If the price manages to go past the $26,380 mark then a fresh rally towards $28,000 is expected. Source: CoinMarketCap On the other hand, if the bears pull the price below the $25,000 level then a decline all the way till $20,130 is highly expected. Investors and traders are keenly waiting for the upcoming U.S CPI and PPI data release this week to determine the next move.

The next bull market draws closer with every passing day, and Google Bard provided some interesting insight on tokens to hold. According to the renowned AI chatbot, PancakeSwap (CAKE), Fantom (FTM), and Everlodge (ELDG) are must-have tokens for the next bull run. This article will delve into the insights provided by Google Bard regarding these tokens and why they are a ticket to substantial gains. PancakeSwap is a bullish token, according to Google Bard for its critical role in DeFi Fantom gears up for the next bullish run thanks to its value proposition Everlodge earns its place in Google Bard’s bullish trio for its real-world application Join the Everlodge presale and win a luxury holiday to the Maldives PancakeSwap (CAKE): A Key Player in DeFi PancakeSwap (CAKE) is a standout player in the DeFi (decentralized finance) ecosystem. It is known for being a DeFi platform that allows users to exchange tokens and yield farming. Since its launch in 2020, PancakeSwap has risen to become an integral part of the crypto space. As a top pick by Google Bard, the reason cited for PancakeSwap’s inclusion centers around its solid fundamentals and impressive performance. Further, its low transaction fees, cross-chain capabilities, and high throughput make it an attractive choice for both users and developers. Additionally, the token has utility within the ecosystem, which includes governance and staking. With this, PancakeSwap is expected to perform during the bull cycle and as DeFi gains traction. Fantom (FTM): An Ideal Choice for dApps Fantom (FTM) is another of Google Bard’s tokens to have an impressive run in the next bull run. Fantom is a smart contract platform that provides DeFi services to developers. The blockchain platform gained attention for its fast transaction speeds and low fees, making it an ideal choice for dApps. Its interoperability in the blockchain space was another reason cited by Bard for its inclusion. This ability allows Fantom to bridge various networks, including Ethereum, making it scalable and a popular choice. The above highlights how Fantom is well-positioned to capture demand. Its inclusion by Google Bard further underscores its potential, making it a bullish token. Everlodge (ELDG): A Bullish Token According to Google Bard In addition to PancakeSwap and Fantom, Everlodge (ELDG) makes up Google Bard’s bullish trio. This is thanks to the innovative solution it is introducing in the crypto space, which has contributed to its upward trajectory. Its presale is ongoing, currently in stage 2, at a token price of $0.016, which has been at the heart of the recent frenzy in the crypto space. Everlodge’s value proposition revolves around democratizing access to the real estate industry. By leveraging blockchain technology and utilizing the power of NFT, investors and enthusiasts can co-own luxury homes at a low cost. However, before Everlodge, the industry was associated with the affluent, which can now be fractionally owned for as little as $100. To co-own luxury villas or vacation homes, they will first be digitized and minted as NFTs, with their titles, deeds, and details stored inside smart contracts. These property-backed NFTs will be fragmented into bits, thereby allowing the purchase of smaller amounts. This real-world application, which seeks to disrupt the conventional real estate industry, earned it a place in Google Bard’s bullish trio. In addition, according to the AI chatbot, the token has the potential to rally by 40x in 2023, making its current price of $0.016 a steal. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge

The event will be the largest of its kind in Europe for 2H 2023 Speakers include leaders from Nansen, Fidelity, Fabric Ventures, Animoca Brands, Banco Santander, Algorand, Fireblocks, BBVA, BNP Paribas, Volkswagen, Binance and Galaxy Digital BARCELONA, Spain–(BUSINESS WIRE)–#EBC9–Barcelona is poised to host Europe’s largest blockchain event from October 24th to 26th. With 5,000 delegates and 300 speakers expected, it will be the largest blockchain event in Europe for 2H 2023 and the largest European Blockchain Convention since the event started in 2018. Barcelona will be abuzz on the last weekend in October as EBC9 comes to town and industry experts flock to the three-day crypto event. The conference also coincides with the highly anticipated El Clásico clash between Barcelona and Real Madrid. 300 founders, CEOs, and industry experts will be in attendance to speak at European Blockchain Convention 9 including leaders from Nansen, Fidelity, Fabric Ventures, Animoca Brands, Banco Santander, Algorand, BBVA, Coinbase, Fireblocks, BNP Paribas, Volkswagen, Binance and Galaxy Digital, to name a few. Victoria Gago, co-founder of European Blockchain Convention, said: “We have seen an extraordinary increase in registrations and interest from exhibitors after the overwhelmingly positive feedback from our previous edition. Building on that momentum, we are moving EBC9 to Fira Barcelona, a much larger venue. As the largest convention centre in Spain, it offers ample space for exhibitors and more engaging experiences.” “We are extremely excited to bring together the worlds of TradFi, digital assets and web3,” shared fellow co-founder Daniel Salmeron. “The participation of so many traditional banks and financial institutions demonstrates their commitment and optimism about the future of crypto and digital assets.” European Blockchain Convention 9 will incorporate a diverse agenda that addresses regulatory challenges, CBDCs, privacy, the institutionalization of crypto, DeFi, sustainability, tokenization, and the ascent of AI. In addition to panel discussions and workshops hosted across three stages, the program includes: 3,000 sqm exhibition area AMA stage sessions with speakers 5 themed networking lounges 1-to-1 meeting area Investor meetup NFT art gallery For the second time, EBC will host its Start-up Battle, where the 50 most-promising european blockchain start-ups will pitch their ideas to the audience. At the top of the side event list, there will be a Hackathon where 200+ hackers, 30+ mentors and 20 teams are expected to participate in a 48 hours hackathon. To learn more about European Blockchain Convention, visit eblockchainconvention.com. About European Blockchain Convention Launched in 2018, European Blockchain Convention is the most influential blockchain event in Europe, connecting industry professionals, startups, and technology leaders. The event provides a platform for sharing insights, fostering collaborations, and exploring the vast potential of blockchain, crypto, and digital assets. Contacts Aleix Moreno Telesforo [email protected] +34 659 36 46 23

Debuting next Spring, TOKEN2049 Dubai takes place from 18-19 April 2024 The new edition sees the establishment of a biannual conference in Dubai and Singapore, taking place in the world’s most exciting crypto capitals Dubai edition announced as TOKEN2049 Singapore fully sells out amid record-breaking attendee numbers DUBAI, United Arab Emirates–(BUSINESS WIRE)–#token2049—TOKEN2049, the leading global Web3 and crypto conference, announced today its inaugural Dubai edition, which will be taking place from 18-19 April 2024. Held at Madinat Jumeirah, a world-class, luxury five-star resort, TOKEN2049 Dubai is set to welcome entrepreneurs, investors, developers, industry leaders, and global media as it transforms the city into a vibrant hub of innovation and forward momentum. Throughout TOKEN2049 Week, commencing from 15-21 April 2024, attendees will experience a diverse range of side events, workshops, and exclusive networking opportunities. This announcement comes as TOKEN2049 Singapore breaks its ticketing sales records and is now fully sold out, with over 10,000 confirmed attendees from across the globe. Celebrating the launch of TOKEN2049 Dubai, Alex Fiskum, Co-Founder of TOKEN2049 said: “We are very excited to bring TOKEN2049 to Dubai, a city known for its large community, enthusiasm, and innovation in the Web3 space. Following the success of TOKEN2049 Singapore, solidifying our brand as the premier global industry event, we are committed to delivering an exceptional, new experience in Dubai.” As one of the industry’s long-standing conference series, TOKEN2049 has fast cemented its position as a global, iconic gathering with past editions consistently dubbed as the crypto event of the year. Over the years, its appeal has extended beyond the Web3 and crypto ecosystem, pointing to crypto’s transformative potential across a broad range of industries. “The decision to bring the event to Dubai underscores the city’s growing prominence as a global industry hub. The strategic location and forward-thinking approach to technology make Dubai an ideal host for an event like ours” continued Fiskum. TOKEN2049 Singapore will commence from 13-14 September at Singapore’s iconic Marina Bay Sands and is the largest edition of the conference to date. As the center stage for TOKEN2049 Week, this year’s conference sees over 400 side events across the city-state, culminating in the iconic after-party AFTER2049 which takes over the Marina Bay Sands Observation Deck and CÉ LA VI Singapore. For more information on ticketing and updates on TOKEN2049 Dubai, please visit dubai.token2049.com. Alex Fiskum, Co-Founder of TOKEN2049 is available for interview. ABOUT TOKEN2049 TOKEN2049 is a global conference series, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is a global meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry. To date, editions have been held at leading digital asset capitals including Hong Kong, Singapore, and London, with its latest edition taking place in Dubai in April 2024. 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.

Ethereum (ETH) is down 15% in the past 30 days. Vitalik’s “X hack” raises security concerns; stolen funds exceeded $100,000. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has faced intense bearish pressure over the past three months, resulting in a consistent downward trajectory. This decline has pushed Ethereum’s price to its lowest point in five months, with the recent month being particularly harsh, witnessing a 15% drop that brought the price down to $1,533. Also, Ethereum’s number of profitable addresses (7-day MA) hit a 5-month low, standing at $56 million, as reported by Glassnode, a prominent cryptocurrency data aggregator. Moreover, the community was shaken by a recent security breach involving Vitalik Buterin, the co-founder of Ethereum. His X (formerly Twitter) account was hacked, with the attacker posing as a promoter of an NFT collection linked to ConsenSys, and sharing a phishing link in a tweet. The financial implications of this breach were significant, with the hacker reportedly stealing over $100,000 worth of assets. The hacker’s wallet held a balance of nearly $397,138 at the time of discovery, with most stolen assets being ETH. Other tokens, including ATOR, wrapped ETH (wETH), USD Coin (USDC), and Binance Coin (BNB). ETH’s daily trading volume has surged by 95% in the last 24 hours, reaching $9 billion. In a recent whale activity, 21,938 ETH — currently equivalent to $34,777,338 — was transferred from an unknown wallet to Coinbase. How Long Will ETH Bears Reign? An analysis of Ethereum’s recent price movements indicates a prevailing bearish sentiment on the daily chart. The 50-day exponential moving average (EMA) currently stands at $1,714, above the trading price, highlighting the ongoing bearish sentiment. The daily relative strength index (RSI) sits at 34, suggesting that the asset is approaching oversold territory. ETH/USDT Daily Price Chart — MA, RSI (Source: TradingView) This implies that bears are actively selling near the $1,650 mark. However, this narrow-range trading is unlikely to persist for an extended period. If the price continues to drop and remains below $1,600, it would signal that bears have taken control. While there is some minor support at $1,550, a breach of this level could lead the ETH/USDT pair to plummet to $1,368.

Shiba Inu (SHIB) is in a crucial make-or-break moment. Following a market-wide altcoin slump, SHIB’s price action is being shaped by two opposing chart patterns, both of which could have significant implications for the price’s future. A Tale Of Two Patterns For Shiba Inu The 1-week chart for SHIB reveals a tale of two patterns. On one hand, there’s the bullish triple bottom, suggesting a potential end to SHIB’s two-year downtrend. On the other, a descending triangle, which has been in the making for over 13 months, hints at a bearish outcome. In an analysis on August 30, NewsBTC already warned of this scenario. Yesterday, SHIB’s price dipped to a low of $0.00000697 before rebounding slightly to $0.00000722. This places it precariously above the crucial support line of $0.00000715. For SHIB to steer clear of the bearish implications of the descending triangle and to validate the triple bottom, it’s imperative that it maintains a weekly close above this price. The triple bottom, a bullish chart pattern, is characterized by three roughly equivalent lows bouncing off a support level, culminating in a breakout above resistance. This suggests a shift in momentum from sellers to buyers. For SHIB, the criteria for a triple bottom seem to be in place: an existing downward trend precedes the pattern; the three lows are approximately equal, allowing for a horizontal trend line and a decline in volume throughout the pattern suggests weakening bearish momentum. SHIB’s journey through this pattern began in June 2022 with its first low at $0.00000715. After a brief recovery, it hit its second low in December 2021 at $0.00000781. The third and most recent low was recorded in June 2023 at $0.0000060. The Shadow Of The Descending Triangle However, the triple bottom’s bullish narrative is challenged by the descending triangle’s bearish undertones. If SHIB’s price falls below the $0.00000715 support, it could validate the descending triangle, potentially pushing SHIB towards its year-to-date low of $0.000006. A breach of this level might plunge SHIB into uncharted waters, making a new all-time low a grim possibility. Traders often seek additional confirmation of patterns through other technical indicators. The Relative Strength Index (RSI) is one such tool. SHIB’s weekly RSI currently stands at a neutral 39.8 (neutral). However, a recent dip below the 30-mark (indicating oversold conditions) suggests that the recent price drop might have been the last for SHIB. Should the triple bottom be validated, SHIB could witness a significant rally. An immediate target to watch would be the 23.6% Fibonacci retracement level at $0.00002545, translating to a potential surge of approximately 250% from its current price. In conclusion, SHIB’s future hangs in the balance. The coming days and weeks will be crucial in determining whether it embarks on a bullish rally or succumbs to bearish pressures.

In a swift turnaround from yesterday’s dip, Bitcoin (BTC) surged to nearly $26,000 during Asian trading hours on Tuesday. This recovery, which saw the BTC climb from $25,210 to $25,973 in a mere 30 minutes (from 3:00 am to 3:30 am UTC), was not driven by any specific news event. Instead, the dynamics within the Bitcoin futures market played a pivotal role. Why Has The Bitcoin Price Bounced Upwards? Renowned analyst Skew provided a technical perspective on the price movement, referring to it as a “textbook short squeeze.” Delving deeper into Skew’s analysis, he pointed out a clear divergence in the Cumulative Volume Delta (CVD) of perpetual contracts (or “perps”) with the actual price. In trading, a divergence between CVD and price can signal a potential reversal. In this context, while sellers were trying to push the price below $25,000, the CVD indicated that buying pressure was mounting. Furthermore, the futures market had a high number of short positions relative to the open interest (OI), and the funding rate was negative. A negative funding rate typically means that shorts are paying longs, indicating a bearish sentiment. Despite attempts to drive the price down, Bitcoin was reclaiming its swing long price level at $25,300 and failed to maintain the bearish trend in the lower time frame (LTF). The spot market, where assets are bought and sold for immediate delivery, was showing signs of a bullish structure change, with prices gradually moving higher. Skew suggested that the culmination of these factors led to a short squeeze, where those who bet against the market (short sellers) are forced to buy back into the market to cover their positions, further driving up the price. Skew’s analysis essentially highlights that while there was a bearish sentiment with many traders betting against Bitcoin, underlying indicators were hinting at a potential bullish reversal. For traders, the immediate goal post-squeeze is to reclaim $26,000. TheKingfisher offered a more succinct take, hinting at the short squeeze and its impact on those who were betting against Bitcoin: “See you around high lev shorters. BTC Cleared them again.” Axel Adler Jr. shed light on the broader market sentiment, noting, “Traders do not plan to go any lower. Net Taker Volume has risen by 9.79%. Over the past year, this is a new record for the balance of open Taker orders with long positions.” Despite the rapid price movement, the short squeeze’s magnitude was relatively modest. Coinglass data reveals that about $12.32 million in BTC shorts were liquidated. For context, the most significant short liquidation event in the last three months occurred on August 17, amounting to $120 million, when BTC briefly dipped to $24,700 before making a quick recovery above $26,600. The decline in open interest in futures on the major exchanges was also rather small. According to Coinglass, open interest fell from $10.66 billion to $10.65 billion. This slight decline suggests that few traders had to close their bets, with funding rates turning positive, signaling a shift from bearish to bullish sentiment. At press time, BTC stood at $25,768.

Pepe Coin has been on a wild ride in early September, characterized by significant price volatility and a troubling dip in its performance. The price action of PEPE early this month followed a bearish pennant pattern, marked by two converging trendlines. This pattern typically signals indecision in the market, as buyers and sellers wrestle for control. However, the situation took a turn for the worse as the coin broke below its support trendline, increasing the pressure on the supply side. As of the latest data from CoinGecko, the coin is trading at $0.00000067, showing a 3.9% loss in the past 24 hours and a substantial 14.4% decline over the past week. Most notably, PEPE has tumbled out of the coveted crypto top 100 list on CoinGecko. PEPE Selling Pressure Intensifies On September 10, PEPE suffered a bearish breakdown as it breached the support trendline. This development, coupled with a rising supply pressure across the altcoin landscape, resulted in a sharp decline in the value of PEPE. Investors and enthusiasts began to question the coin’s future as it struggled to maintain its position. Adding to the concerns surrounding PEPE, a tweet from Lookonchain on September 11 drew attention to a peculiar event. Several investors opted to sell their PEPE holdings, swapping them for PNDC (Pandacoin). Three wallets collectively sold a staggering 1.38 trillion PEPE tokens for 600 ETH, equivalent to approximately $965,000. In a surprising twist, they reinvested 600 ETH to purchase 487 billion PNDC tokens. On-Chain Metrics Paint A Grim Picture A deeper look at PEPE’s on-chain metrics reinforced the growing unease within the crypto community. Buying pressure on the meme-inspired coin remained high, which, paradoxically, contributed to the bearish sentiment. Notably, PEPE’s supply on exchanges experienced a sharp increase over the past few days, indicating a surge in selling activity. What Lies Ahead For Pepe Coin? This shift occurred simultaneously with a decrease in PEPE’s supply outside of exchanges, further highlighting the rising selling pressure. Moreover, PEPE’s exchange inflow witnessed a noticeable spike, while the total number of holders declined, painting a gloomy picture for the cryptocurrency. PEPE’s early September performance has been nothing short of turbulent. Its journey from a bearish pennant pattern to a breakdown below support has left investors and enthusiasts concerned about its future. The notable wallet activity and on-chain metrics only serve to compound these concerns, leaving the crypto community with more questions than answers about the fate of PEPE in the coming days. (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 Tallahassee Democrat

Binance Charity is conducting a $3 million BNB airdrop to support Moroccan earthquake victims. Approximately 70,000 Binance users in Morocco will benefit from this initiative, which began on September 12, 2023. In the wake of the devastating earthquake that struck Morocco, leaving countless individuals in urgent need of assistance, Binance, the world’s largest cryptocurrency exchange, is stepping up with a generous relief effort. Binance’s philanthropic arm, Binance Charity, has pledged to airdrop up to $3 million in BNB (Binance Coin) directly to Binance users residing in the affected regions. Users who completed Proof of Address (POA) before September 9, 2023, in the affected region will receive $100 in Binance Coin (BNB), valued at $20,957 at the time of this article’s writing. Additionally, those completing POA from September 9 to 30, 2023, will receive $25 in BNB, worth about $5,239. The distribution of funds to eligible users is scheduled to commence on September 12, 2023. Further to this user-focused initiative, Binance Charity has launched a public donation address to facilitate contributions from the global community. All funds received at this address, whether in BNB, BTC, ETH, USDC, USDT, or BUSD, will be channeled toward an authorized NGO, to be named shortly, for the purpose of aiding those in need through the Emergency Earthquake Appeal. At the time of writing, Binance’s native cryptocurrency, BNB, was trading at $208, boasting a 24-hour trading volume of $520 million, marking a significant 67% surge in just one day.