On-chain data shows that 44.2% of all Ethereum investors are now carrying their coins at a loss, a sign that the bottom may be close for the asset. Ethereum Percentage Of Holders In Loss Has Surged Recently According to data from the market intelligence platform IntoTheBlock, the percentage of ETH investors in loss has grown sharply since early July. The relevant indicator here is the firm’s “Historical In/Out of the Money,” which tells us about the percentage of Ethereum investors in profits and losses and those that are just breaking even. The metric determines whether an investor is in profit or loss by looking at their address history to check for the average price at which they acquired their coins. Naturally, if the asset’s current spot price is less than a holder’s cost basis, then that particular holder is carrying their coins at a net profit. Similarly, the cost basis being equal to and less than the spot price would imply that the investor is breaking even on their investment and holding at a loss, respectively. Now, here is a chart that shows the trend in the Historical In/Out of the Money indicator for Ethereum over the past few years: IntoTheBlock has only listed the data for the Ethereum investors in losses, as this is the number of interest in the current discussion. The combined percentage of the investors breaking even and carrying profits can also be deduced from this value, as the total percentage must add up to 100%. In early July, Ethereum holders underwater were at about 27%. It’s visible in the graph, however, that the indicator has observed a notable uplift since then, as the price of the cryptocurrency has registered a drawdown. Today, the indicator’s value is at 44.2%, meaning that almost half of the Ethereum user base is holding their coins at losses. Generally, the more the investors get into profits, the more likely they become to sell to harvest those gains. Due to this reason, corrections in the asset become more probable to form whenever an extreme majority of the market is enjoying profits. A large percentage of the holders being in losses instead, however, can have the opposite effect on the price since they can lead towards bottoms as profit sellers become exhausted. Related Reading: This Could Be The Metric To Watch For A Bitcoin Bounce: Santiment Since the start of the bear market last year, the highest the metric’s value has gone is 50%, implying that exactly half of the investors had been in losses back then. This value isn’t too far off from the current one, suggesting that Ethereum may be close to forming a bottom. If a similar loss percentage is hit with the bottom this time, ETH would first suffer from some more downtrend so that enough investors drop underwater. ETH Price Ethereum has continued to move flat recently; as of this writing, it trades at about $1,600.

One-time 72-hour sale begins 12:01 a.m. Sept. 17 as Utherverse looks toward 2024 launch of next-generation platform NEW YORK–(BUSINESS WIRE)–Utherverse, one of the largest metaverse platforms in the world, just announced that it is offering NFT trunks for sale containing a variety of NFTs ranging from designer wardrobe to virtual properties. In an unprecedented move to stimulate the Utherverse virtual economy, each trunk, which will sell for 0.3 ETH, will also contain 0.3 ETH, thereby making the cost of the trunks and their contents free and providing consumers with funds to begin their Utherverse experience. The Uther trunk sale will last only 72 hours, with a presale starting 12:01 a.m. Sept. 17 followed by a public sale Sept. 18-19. There will be a limit of 20 trunks per person. Utherverse is making the one-time offer to encourage economic activity within its next-generation platform set to launch in 2024. More information on purchasing trunks is available at https://www.utherverse.io/fnft-gen-2. A video on the trunk sale can be viewed at https://youtu.be/flltEXzl5ac?si=ZwL6H3TcH5mlX70M. “Giving people back their money when the trunks open will be like them finding a huge pile of cash,” said Brian Shuster, Founder and Chairman of Utherverse. “This assures us that trunk buyers will be engaged with the project, and when our metaverse comes out of beta testing there will be a huge stimulation of the virtual economy within the platform.” Utherverse will offer four different rarity-based male and female trunks, with each trunk holder receiving: One Gen 2 Uther trunk. 6-15 wardrobe items (rarity-based) including particle effect clothing not available anywhere else. One Utherverse property, either a penthouse, sub-penthouse, luxury apartment or upscale apartment (rarity-based). 0.3 ETH (or USD equivalent value at time of purchase). One ticket to the first-ever Utherverse Festival & Concert. Additional items and perks based on rarity. Utherverse will launch a closed beta of its next-generation platform Sept. 26. The closed beta will provide a preview of its Web3 capabilities as well as test and continue the final build-out of the next generation of the popular platform. Users will be able to claim their Utherverse usernames and begin to experience the Web3 version of the platform with experiences such as such as outdoor concerts, rooftop dance clubs with live DJs, film and movie screenings, shopping, art galleries and much more. In addition, users will be able to interact with each other in a variety of settings, as well as buy and sell virtual goods and participate in other e-commerce opportunities. Utherverse is a metaverse platform that enables developers to build interconnected virtual worlds, provides hyper-realistic immersive experiences for consumers and opportunities for companies to market and monetize their products and services. Utherverse generates revenue from custom metaverse building services, sales of NFTs and a variety of business verticals including advertising/marketing, shopping/retail, conferences/conventions, education, dating, lifestyle, entertainment events/performances, VIP experiences and virtual offices. The Utherverse platform was launched in 2005 by internet visionary Brian Shuster. The platform has served 50 million+ users with 32 billion+ virtual commerce transactions. Utherverse has developed the technology and received more than 80 patents critical toward operating large-scale metaverses. The company is based in British Columbia, Canada. More information can be found online at Utherverse.io; Twitter/Instagram: @Utherverse; Facebook: /UtherverseDigital; LinkedIn: /utherverse-digital-inc/; Telegram: /UtherverseAnnouncements; Discord: /Utherverse.io. Images to accompany the story are available at: https://web.tresorit.com/l/3ipHw#CWzsGKt89BZ8OHkGD0Hb1Q Contacts Steve Honig The Honig Company, LLC 212-401-4875 [email protected]

The XRP price has been showing promises of a price spike since Ripple’s victory against the US SEC. Many community members are currently keeping a close eye on the cryptocurrency, and hoping for a significant price increase. One crypto analyst, in particular, has predicted a massive run for the altcoin that could see its price hit triple-digits. XRP Predicted To Reach $130 In Next Bull Run Following its partial victory against the United States Securities and Exchange Commission (SEC) in July after Judge Analisa Torres ruled in favor of Ripple labs, XRP, the native token of Ripple, has fluctuated heavily despite the positive sentiment surrounding it. Nevertheless, an analyst sees a potential bull run for the altcoin. Crypto analyst and XRP influencer, XRP Captain, has predicted a significant price jump for the XRP token on an X (formerly Twitter) post. XRP Captain shared a chart with a symmetrical triangle pattern which he used to predict XRP’s $130 future price movement. Apparently, XRP has a history of symmetrical triangle patterns. In 2017, the cryptocurrency broke out of a similar symmetrical triangle pattern which pushed the token to new all-time highs. As for when this will happen, the analyst points toward the expected 2024 bull run. The analyst is not the only one who has predicted a bull run for the altcoins. Earlier in August, a pseudonymous analyst also predicted a massive rally for XRP that could see the token reaching its previous all-time high of $3. In this case, the analyst highlighted that the XRP/BTC pair had finally reclaimed the 20-day and 50-day moving averages, and the last time this had happened had also been back in 2017. This led to an over 500% increase in the price of the altcoin at the time. Crypto Community Uncertain About Analyst XRP Price Prediction Following XRP Captain’s prediction of XRP’s possible bull run, other crypto analysts have also shared their thoughts on the sheer incredulity of the prediction. Another crypto trader and chartist, JD was enthusiastic about the technical patterns XRP price charts were displaying. He explained that the symmetrical triangle was accurately represented. However, he could not see the price of XRP reaching three digits. “I just can’t see that 3 digit target. $20s are still in the cards though,” he stated. XRP price has also been notably down. However, XRP Whales are not deterred as these large investors are taking advantage of the market downturns and buying up hundreds of millions worth of tokens. XRP is currently looking toward a reversal with its price seeing meager gains of 0.02% in the last day. However, it is still struggling on the weekly chart with losses of 2.61%.

Visa is expanding its USDC settlement pilot to the high-speed Solana blockchain, citing enterprise-grade capabilities. The move adds merchants Worldpay and Nuvei to pilot USDC settlements for Visa payments over Solana. For Visa, the expansion marks a milestone in practically applying decentralized blockchains for payments. Visa is bringing its stablecoin settlement pilot to the Solana blockchain, enabling high-throughput transactions with negligible costs for issuers and merchants using USDC. The move comes after an extensive evaluation of Solana’s speed, costs, and decentralization. Visa cited demand from clients to leverage newer, high-performance chains for moving USDC settlements. Two additional merchants, Worldpay and Nuvei, will join the pilot, settling Visa payments in USDC over Solana. This real-world adoption validates stablecoins’ potential role within mainstream payments, integrated with existing systems. Visa Taps Solana for its Features Visa is aiming to provide enterprise-grade blockchain infrastructure and sees Solana as ideal for this goal. Solana settles transactions in 400 milliseconds, averaging 400 TPS and surging to 2,000 TPS during peak times. These capabilities surpass older chains like Ethereum in meeting Visa’s speed and cost requirements at scale. The pilot will test if SOL network can deliver on its promises under live payment volume. For Visa, expanding the USDC settlement pilot marks a major milestone in embracing decentralized blockchains. The company is evolving from cautious experimentation to practical implementation. While Solana suffered setbacks recently around scalability and outages, Visa’s vote of confidence backs its potential as an enterprise-grade solution once refinements are made. Critically, Visa is not just dabbling with crypto; it is leveraging blockchain technologies to improve real-world payments and settlement processes. This integration speaks volumes about progress in making decentralized finance usable for traditional finance. Stablecoin settlement lifts barriers to cross-border transactions. Yet questions persist about compliance and regulation. Visa is pushing ahead prudently, assessing each blockchain on its technical merits case-by-case. By adding the SOL network and expanding the pilot’s scope, Visa underscores that crypto solutions are crossing into the mainstream and not residing on the fringe. Expect more milestones ahead as Web3 fintech matures.

Prominent crypto research firm Kaiko reports that the XRP token recorded impressive trade volume strides across August 2023. This development comes amidst the token poor price performance in the said month. XRP Dominates Altcoin Market In Trade Volume Amidst Price Downtrend According to the latest Data Debrief by Kaiko on September 4, the market research firm notes that XRP recorded an average daily trade volume of $462.8 million in August, representing the highest value of that metric in the altcoin market. Solana (SOL) followed in second place, with a trade volume of $128.4 million. Other altcoins that also experienced a significant average daily trade volume in August included Binance Coin (BNB), Dogecoin (DOGE), and Litecoin (LTC), among others. As earlier stated, XRP’s surge in trading volume was accompanied by underwhelming market performance. Kaiko notes that the altcoin experienced a 25% price decline in August. This negative price performance was in much contrast to July, during which XRP had recorded lofty gains following Ripple’s partial victory over the United States Securities and Exchange Commission (SEC). Why Is The XRP Price Struggling? To explain the contrast between XRP’s negative price performance and its surging trade volume, Kaiko has provided some interesting, in-depth analysis. According to the research firm, the court ruling in July led to a large demand for XRP by US traders, as was seen in the token’s price movement. Kaiko noted that the XRP average trade size on Coinbase, the largest US crypto exchange, experienced a significant boost, surpassing all top ten altcoins. However, this massive XRP demand was only present in the US. Kaiko states there was high selling pressure on foreign exchanges, indicating that most investors sold off their tokens to capitalize on XRP’s gains from its court victory. In particular, Kaiko reported that the South Korean exchanges Upbit and OKX recorded the strongest XRP selling pressure for August. Kaiko notes that the XRP’s trading volume is higher on foreign markets than on US exchanges. The research firm reported: Therefore, the high demand for XRP in the US was overwhelmed by higher selling pressure on the global market, which explains why the XRP market price took a nosedive in August. At the time of writing, XRP trades at $0.503, having gone up by 0.17% in the last day based on data from CoinMarketCap. However, the fifth-largest cryptocurrency is still in the red zone and is down by 2.28% and 19.70% on the weekly and monthly charts.

Bitcoin, the world’s largest cryptocurrency, has had a few progress and setbacks in the past year. This has been reflected in digital asset investment products. However, new data shows that while outflows from digital investment products have dominated for another week, Bitcoin has shown some resilience to record a weekly inflow of $3.8 million. Bitcoin Trading Volume 90% Above The YTD Average In its latest report on digital asset investment products, Coinshares has shown Bitcoin investment products received net inflows despite the whole market seeing minor outflows. During the same time period, trading volumes spiked to more than 90% above the YTD average. Regulatory issues have bombarded BTC in the past week, and the asset has shown uncertainty about what’s next to come. In particular, August concluded with a Bitcoin setback as the SEC announced a decision to delay its ruling on some Bitcoin spot Exchange Traded Funds (ETFs) applications. As a result, the price of BTC dropped from $28,000 to $25,400 in the space of 48 hours. But despite this decrease, digital asset investment products trading volume reached $2.8 billion. Outflows in digital asset funds have been consistent for the past seven weeks, totaling $342 million. Last week, chains like Polygon and Ethereum saw outflows of $8.6 million and $3.2 million, respectively, contributing to a total net outflow of $11.2 million across all assets. On the other hand, Bitcoin registered net inflows of $3.8 million. Solana also registered net inflows of $0.7 million, bringing its inflow streak to nine consecutive weeks. However, total assets under management (AuM) have fallen 48% from this year’s peak. Is A Shift Toward Positive Sentiment Imminent? The uptick in activity and investment is a good sign for the market and hints at growing mainstream interest in Bitcoin. However, this could end up being short-lived. Considering BTC is just like any other asset, sentiment is mostly based on news surrounding the crypto industry. So a consecutive weekly inflow to Bitcoin digital asset funds would suggest a change in sentiment. The outlook for BTC and the broader crypto market for the rest of 2023 is still cautiously optimistic. Experts from JP Morgan have predicted that the SEC will be forced to greenlight several spot Bitcoin ETFs, and former US Securities and Exchange Commission (SEC) Chair Jay Clayton, has also called the approval inevitable. Nevertheless, the past 24 hours have seen the trading volume of Bitcoin increase by more than 11% to reach $10.87 billion. Of course, higher trade volumes don’t necessarily mean prices will skyrocket. But they show more people are buying and selling BTC, indicating stronger sentiment and momentum.

On-chain data suggests the $33,700 level could be a very significant level to break for Bitcoin if the historical pattern is anything to go by. Bitcoin 6 Months To 3 Years Old Investors Have $33,700 As Cost Basis In a new post on X, Ali, an analyst, has shared a chart that could shed light on the path that BTC may end up taking. The relevant indicator here is the “realized price,” which tells us about the price at which the average investor in the Bitcoin market acquired their coins. Related Reading: Bitcoin Exchanges See Three Straight Months Of Withdrawals For First Time Ever When the spot price of the asset exceeds this line, it means that the holders as a whole are currently carrying a net amount of profit on their coins. On the other hand, BTC being below the level suggests the average investor is underwater right now. In the context of the current discussion, the cost basis of the entire market isn’t of relevance, but of only a specific segment: the holders who acquired their coins at least six months and at most three years ago. Here is a chart that shows how the cost basis of these Bitcoin investors has changed over the years: The six months to three years old investors are actually a part of the larger “long-term holder” (LTH) group. And the LTHs are simply the investors who bought their coins at least six months ago. In the chart, the analyst has also attached the data for the cost basis of the entire LTH group and it’s visible that this metric currently has a value of about $20,300, meaning that the spot price is currently a decent distance above this line. The realized price of the six months to three years old holders, however, is above the spot price right now, as it’s valued at about $33,755. Naturally, this means that this segment of the LTHs is currently firmly in the red. From the graph, it’s also apparent that the Bitcoin price has not touched this level since early 2022, when the bear market first kicked off. If the cryptocurrency can surge towards the level and finally make a retest of it, then its fate might change for the better. This is because, as Ali has pointed out, BTC has observed a significant rally whenever the asset has crossed this mark and these HODLers have gotten back into profits. Three instances of this pattern are clearly visible in the chart. The 2017 bull run, the April 2019 rally, and the 2021 bull run all emerged from successful breaks of the cost basis of the six months to three years old LTHs. If this historical pattern holds any weight at all, then a Bitcoin break above the $33,700 level in the near future could become the starting point of the next major bull run. BTC Price At present, Bitcoin is quite a bit below the cost basis of these LTHs, as its price is trading just under the $25,800 level.

Solana is one of the fastest growing cryptocurrency platforms thanks to its high speed and low costs. Launched in 2020, its native SOL token has seen massive appreciation. Here we analyze Solana’s price outlook for the future using technical analysis to provide an evidence-based Solana price prediction guide. What is Solana (SOL)? Solana is a highly scalable decentralized blockchain created by Anatoly Yakovenko in 2017. It uses a unique proof-of-history consensus mechanism to achieve high transaction speeds and low fees while maintaining security. The native cryptocurrency of the Solana network is SOL. It is used to pay for executing transactions, interacting with smart contracts, and staking on the blockchain. Some key aspects of Solana include: Speed Solana can process over 50,000 transactions per second, significantly faster than Bitcoin or Ethereum. Low fees With high speed, Solana offers transaction costs as low as $0.00025 making it ideal for DeFi. Proof-of-History This novel consensus mechanism coordinates timeline between nodes without slowing things down. Programming Solana supports programming languages like Rust and C++ to develop dApps. Staking SOL holders can stake tokens to help validate transactions while earning staking rewards. Solana’s powerful performance makes it a leading choice for developing fast, scalable DeFi applications and services. Factors Influencing Solana Price Several core factors determine the price movement and growth potential of SOL: Cryptocurrency Market Conditions Like most altcoins, Solana’s price depends significantly on Bitcoin and overall crypto market trends. A rising market lifts SOL. Adoption by Developers As more projects build DEXs, NFT marketplaces, Web3 applications etc on Solana, demand for SOL increases. Competition From Rival Networks Alternative scalability solutions like Avalanche, Polkadot or Cardano could fragment developer interest and diminish Solana’s growth potential if they gain traction. Network Upgrades and Innovation Upgrades to further boost Solana’s speed and capabilities can augment developer demand, boosting SOL’s value. Staking Trends Higher staking activity reduces available SOL supply which may lead to appreciation in token price. Security and Reliability Network outages or vulnerabilities could damage confidence in Solana and depress SOL price. Smooth performance boosts its reputation. Major Historical Price Developments SOL’s price has seen huge growth since launching, but also periods of instability. Let’s look at key highlights: 2020 – Minimal Trading After Launch Solana launched the mainnet in March 2020 with SOL starting off around $0.50 initially with minimal exchange availability and trading. By December 2020, it reached $1.52 as trading volumes gradually picked up. 2021 – Massive Breakout The 2021 crypto bull run catapulted Solana into the limelight with SOL surging exponentially from $3 in January 2021 to a peak of $260 by November 2021 – an unbelievable 8700% return within 10 months! Driving this were: Explosive growth of DeFi and NFT activity on Solana, riding the hot trends. Attracting developers due to faster speeds and lower costs than Ethereum. Major protocol improvements and ecosystem funding. Listing on Coinbase and Binance centralized exchanges. This established Solana as a leading Ethereum competitor. But lack of maturity showed… 2022 – Crash and Outages In 2022, the crypto downturn brought SOL back down below $40 from its highs. More damaging were network outages in 2022 that dented confidence in Solana’s stability. The final days surrounding the FTX collapse, Solana also suffered, taking the cryptocurrency to a 2022 low of $8. While still early days for such a nascent project, Solana needs to improve reliability to gain institutional trust. But its developer momentum continues unabated, with over 4000 projects built on Solana so far. Recent SOL Price Analysis Solana has been recovering throughout 2023, but the US SEC hasn’t made it easy, attacking altcoins around every turn. Each time altcoins like SOL attempt to gain momentum, the SEC files another case against a crypto exchange. Past filings include naming Solana as a possible unregistered security. However, it continues to be the choice for big institutions such as VISA, which is launching a stable coin payment system on Solana. Short-Term Solana Price Prediction for 2023 The latest bullish news that VISA is using Solana for its stable coin payments could propel SOL higher and reach the target of this inverse head and shoulders pattern, with a target of $75 per token. Medium-Term Solana Price Prediction for 2024-2025 Solana very closely mimics the price action of 2016 through 2020 Ethereum. If another similar rally follows in Solana like it did in Ethereum, SOL could approach upwards of $1,000 per token. Long-Term Solana Price Prediction for 2030 In the longest term outlook, it becomes much more challenging to properly predict what SOL might do. It very much depends on adoption of the SOL token, the Solana blockchain, and crypto itself. If SOL can maintain its current mean trajectory, then it is possible Solana could be priced around $3,000 to $4,000 by the year 2030 or beyond. Conclusion: Solana Price Outlook Solana has demonstrated immense potential with its blazing fast speeds at low costs. But it still has much to prove regarding stability and institutional-grade security. If Solana can build on its developer momentum and rapidly evolving ecosystem while improving reliability, its long-term growth upside is immense. But execution risks remain for this ambitious project aiming to reshape decentralized finance. Solana Price Prediction FAQs Let’s look at some common questions crypto investors have about SOL price analysis: What was Solana’s lowest ever price? SOL sank to as low as $0.50 in the early days after its mainnet launch in 2020. Its 2022 low was around $8 amidst broader crypto market weakness. What was the highest price for Solana? Solana’s all-time high price stands at $260 reached in November 2021 during strong bullish momentum carrying crypto markets higher. Is $500 realistic for Solana? SOL reaching $500 is achievable this decade if Solana fulfills its technological promise and sees high adoption as the leading DeFi blockchain. Can Solana crash to zero? A complete collapse is unlikely given Solana’s strong fundamentals unless critical flaws emerge in its core protocol. But extended weakness could sink SOL below $10 until a recovery. Why is SOL price volatile? As a relatively new asset with limited liquidity, Solana experiences high volatility from speculative trading and sentiment shifts. As adoption increases, volatility should stabilize. When will Solana’s price stabilize? Solana price swings may start normalizing once it builds a large user base and matures technically. But as a crypto asset, some volatility will always remain.

● Cambridge Bitcoin Electricity Consumption Index (CBECI) estimated Bitcoin mining’s annual power demand to be 120.29 TWh. ● Cloud mining enables users to participate in crypto mining without the need for hardware. The cryptocurrency landscape is constantly evolving, with users adapting to changing trends and market patterns. As participants in the digital asset ecosystem, users continually seek new opportunities to generate income through cryptocurrencies. Among those, crypto mining has been subject to controversial speculations and debates. Not every crypto enthusiast can access mining hardware or computational power, and for those seeking an alternative, cloud mining offers a solution. Cloud mining refers to the process of remotely mining cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), Ethereum Classic (ETC), Dogecoin (DOGE), or others without the need for real mining hardware. Instead of purchasing and handling heavy mining equipment, individuals or entities can rent or outsource computing power from a cloud mining service provider. These providers have mining farms with powerful machines, and users can earn a share of the mined cryptocurrency based on the computational power they rent. Transformative Shift in Crypto Cloud Mining GlobaleCrypto distinguishes itself by offering a wide range of cloud mining plans suitable for both institutional users and cryptocurrency enthusiasts. Their commitment to transparency, a proven track record, and diverse investment options make them a reliable choice for passive income seekers in the cryptocurrency sphere. They prioritize user understanding, with comprehensive information available on their official website. The firm provides a $7 registration bonus that can be used to purchase plans and is eligible for withdrawal once the order is completed. However, it’s important to note that the platform has a minimum withdrawal threshold of 50 USDT. Upon registration, participants can opt for a complimentary investment plan. They may then utilize the bonus, which provides a daily income of $7.21 and access to various investment plans. If the daily income exceeds 0.005 BTC, it is directly deposited into the customer’s collection account; otherwise, it goes into the platform account balance. GlobaleCrypto offers users the flexibility to choose mining plans and customize the daily mining potential ranging from $7 to $315. The platform is known for its mining plans featuring top-tier hardware, including the Bitcoin Antminer S19 PRO, Bitcoin Antminer S19J, and Bitcoin Avalon-1366. Notably, GlobaleCrypto has established partnerships with leading mining pools such as BTC.com, Poolin, ViaBTC, Antpool, and F2pool. Disclaimer: The information provided in this article is not intended to be, nor should it be construed as, investment advice, financial guidance, or a recommendation to make any specific decisions. Readers are encouraged to conduct their own research and consult with appropriate professionals before making any investment or financial decisions.

Following a Crypto.com issuer pilot, Visa expands stablecoin settlement capabilities with Circle’s USDC, adding pilot programs with merchant acquirers Worldpay and Nuvei, and utilizing the Solana blockchain. SAN FRANCISCO–(BUSINESS WIRE)–Visa (NYSE: V), a global leader in payments, announced its next step in modernizing cross-border money movement. Visa is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain and is working with merchant acquirers Worldpay and Nuvei. Through live pilots with issuers and acquirers, Visa has already moved millions of USDC between its partners over the Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized over VisaNet. When consumers use Visa cards to make a purchase at any of the millions of Visa-accepting merchant locations around the world, they can experience the convenience of nearly instant payment authorizations. But what they don’t see is that the funds used for their purchase need to move between their bank (the issuer) and the merchant’s bank (the acquirer). This is where Visa’s treasury and settlement systems enable the clearing, settlement and movement of billions in transactions a day, making sure the correct amount in the preferred currency is received from the issuer and sent to the acquirer. This process happens seamlessly between nearly 15K financial institutions and across more than 25 currencies globally. “By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we’re helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds from Visa’s treasury,” said Cuy Sheffield, Head of Crypto, Visa. “Visa is committed to being on the forefront of digital currency and blockchain innovation and leveraging these new technologies to help improve the way we move money.” Building on the Crypto.com Pilot In 2021, Visa began testing how USDC could be used inside its treasury operations which led to a pilot with Crypto.com, making Visa one of the first major payments networks to test stablecoin settlement on the issuance side. This work led to a successful pilot leveraging USDC and the Ethereum blockchain to receive payments from Crypto.com for cross-border volume on their live card program in Australia. Crypto.com now uses USDC to fulfill its settlement obligations on the Visa card in Australia and intends to roll out this capability in other markets. Before that pilot, settlement for cross-border purchases made on Crypto.com Visa cards required a days-long currency conversion process and costly international wire transfers. Now, Crypto.com can send USDC cross-border over the Ethereum blockchain directly to a Visa treasury managed Circle account which helps reduce the time and complexity of international wire transfers. “We are excited about the USDC use cases Visa and its partners are driving to create fundamental blockchain innovation,” said Jeremy Allaire, Co-founder and CEO, Circle. “Circle built USDC to provide a functional digital dollar that could move at the speed of the internet to facilitate secure, reliable payments. Expanding the pilot exemplifies how pairing USDC with Visa’s innovation opens up the future of payments, commerce and financial applications.” Moving from Issuers to Acquirers While Visa’s treasury operation continues to test receiving funds onchain from multiple issuer partners, with these new settlement options Visa can send funds onchain to acquirers like Worldpay and Nuvei to help speed up settlement times for their merchants. Worldpay and Nuvei are global acquirers serving merchants worldwide from a diverse range of sectors. This includes a growing number of merchants interacting with the blockchain and crypto economy including on-ramp providers, games, and NFT marketplaces who may prefer to receive stablecoins over traditional fiat currencies for the card payments they accept. Using Visa’s own Circle account, Visa can now manage settlement payouts in USDC to Worldpay and Nuvei who can then route these payments in USDC to their end merchants. Adding Support for the Solana Blockchain Network As Visa looked to expand this capability to additional clients, there has been significant demand to leverage newer, high performance blockchains that can send and receive stablecoins with higher speed and lower costs. For these reasons, Visa chose to add support for Solana as a high performance blockchain that its partners can choose to send or receive USDC settlement payments. This makes Visa one of the first major payments companies at scale to directly utilize Solana for live settlement payments between its clients. The Solana blockchain sees 400 millisecond block times, averages 400 transactions per second (TPS) and typically surges to more than 2K TPS1 across a variety of use cases during periods of peak demand. Forging New Partnerships With an eye towards the future in an increasingly digital financial landscape, Visa is forging ahead with new partnerships and embracing the innovative potential of digital currencies. Visa’s work with Worldpay and Nuvei represents a significant stride in this direction. “Visa’s USDC settlement capability enables Worldpay to bring more of our treasury operations in-house and allows us to offer merchants more choices for receiving funds,” said Jim Johnson, President of Worldpay Merchant Solutions, FIS. “Diversifying funding options and increasing flexibility is critical to serving the changing needs of global merchants in today’s rapidly evolving commerce landscape.” “Stablecoins like USDC are cutting edge payments technology that can enable online businesses around the world to accelerate their growth,” said Philip Fayer, Chair and CEO, Nuvei. “Optimizing cross-border transactions is only one use case where stablecoins can benefit businesses. As a leading global payments company, we are constantly focused on innovation, and we’re excited to work with Visa to bring these capabilities to our partners.” About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com. 1 Blockchain explorer, Solscan. Numbers include real TPS, excluding voting TPS. Link. Contacts Jackie Dresch – [email protected]

Remote-First-Company/SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced interim results of its previously announced offer to purchase for cash (the “Tender Offer”) a portion of its 3.625% Senior Notes due 2031 (the “Notes”). The Company also announced that it has amended the terms of the Tender Offer to (i) increase the amount of Notes that may be purchased in the Tender Offer from a maximum aggregate purchase price of $150,000,000 to a maximum aggregate purchase price of $180,000,000 (excluding accrued and unpaid interest) (as amended, the “Maximum Tender Amount”) and (ii) extend the expiration date of the Tender Offer from 11:59 p.m., New York City time, on September 1, 2023 to 11:59 p.m., New York City time, on September 18, 2023 (as so extended, the “Expiration Time”). The Company expects to accept for payment and make payment on September 6, 2023 (the “Interim Settlement Date”) with respect to all Notes validly tendered after 5:00 p.m., New York City time, on August 18, 2023 (the “Early Tender Time”), but at or prior to 11:59 p.m., New York City time, on September 1, 2023 (the “Interim Expiration Time”), subject to the conditions set forth in the Company’s offer to purchase, dated August 7, 2023 (as amended, the “Offer to Purchase”). Holders of the Notes (“Holders”) who validly tendered their Notes after the Early Tender Time but at or prior to the Interim Expiration Time, in the manner described in the Offer to Purchase, are eligible to receive the Total Consideration (as defined below) for the Notes accepted for purchase. Holders will also receive accrued and unpaid interest on their Notes validly tendered and accepted for purchase from the most recent interest payment date for the Notes up to, but not including, the Interim Settlement Date. No further action is required to be taken by Holders who have already validly tendered their Notes in order to receive the Total Consideration (as defined below), plus accrued and unpaid interest, on the Interim Settlement Date. As of the Early Tender Time, holders of $50,034,000 aggregate principal amount of the Notes had validly tendered and not validly withdrawn their Notes. On August 22, 2023 (the “Early Settlement Date”), the Company accepted for purchase $50,034,000 aggregate principal amount of the Notes. According to information provided by Global Bondholder Services Corporation, the tender and information agent for the Tender Offer (the “Tender and Information Agent”), following the Early Tender Time, but at or prior to the Interim Expiration Time, an additional $211,062,000 in aggregate principal amount of the Notes were validly tendered. Together with the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time, a total of $261,096,000 in aggregate principal amount outstanding of the Notes were validly tendered at or prior to the Interim Expiration Time. As previously announced, Holders who validly tendered their Notes at or prior to the Interim Expiration Time are eligible to receive $675.00 per $1,000 principal amount of Notes validly tendered (the “Total Consideration”). The following table sets forth certain information relating to the tender offer: Issuer Title of Security CUSIP Number/ ISIN (1) Aggregate Principal Amount Outstanding (2) Aggregate Principal Amount Tendered after Early Tender Time (2) Aggregate Principal Amount Expected to be Accepted for Purchase on Interim Settlement Date (3) Aggregate Amount to be Paid (4) Total Consideration (5) Coinbase Global, Inc. 3.625% Senior Notes Due 2031 144A CUSIP/ISIN: 19260Q AD9 / US19260QAD97 Regulation S CUSIP/ISIN: U19328 AB6 / USU19328AB62 $1,000,000,000 $211,062,000 $211,062,000 $145,761,029 $675.00 __________ (1) CUSIP information is provided for the convenience of Holders. No representation is made as to the correctness or accuracy of such numbers. (2) As of the Interim Expiration Time and not including Notes accepted for purchase by the Company on the Early Settlement Date. (3) Not including Notes accepted for purchase by the Company on the Early Settlement Date. Subject to satisfaction or waiver of the conditions set forth in the Offer to Purchase, the Company anticipates that Notes tendered after the Early Tender Time, but at or prior to the Interim Expiration Time, will be accepted for purchase on the Interim Settlement Date. However, there can be no assurance that the conditions set forth in the Offer to Purchase will be satisfied or waived. (4) With respect to Notes accepted for purchase by the Company on the Interim Settlement Date, inclusive of accrued and unpaid interest, and not including Notes accepted for purchase by the Company on the Early Settlement Date. (5) Per $1,000 principal amount of Notes validly tendered and accepted. Withdrawal rights for the Tender Offer expired at 5:00 p.m., New York City time, on August 18, 2023. The Tender Offer will expire at 11:59 p.m., New York City time, at the Expiration Time. The amount of Notes that may be purchased in the Tender Offer is subject to the Maximum Tender Amount. Subject to the remaining capacity under the Maximum Tender Amount, and proration if applicable, Holders who validly tender Notes after the Interim Expiration Time but prior to or at the Expiration Time, and whose Notes are accepted for purchase, will be eligible to receive the Total Consideration, plus accrued and unpaid interest. No tenders will be valid if submitted after the Expiration Time. Payment for the Notes that are validly tendered prior to or at the Expiration Time and that are accepted for purchase will be made on a date promptly following the Expiration Time, which is currently anticipated to be September 20, 2023, the second business day after the Expiration Time. Except as described herein, other terms of the previously announced Tender Offer remain unchanged. Holders of Notes should read carefully and in its entirety the Offer to Purchase before deciding to tender their Notes. Citigroup Global Markets Inc. is serving as Dealer Manager for the Tender Offer. Questions regarding the Tender Offer should be directed to Citigroup Global Markets Inc. at (800) 558-3745 (U.S. toll-free) and (212) 723-6106 (New York). Copies of documents relating to the Tender Offer may be obtained from the Tender and Information Agent at http://www.gbsc-usa.com/coin, or by telephone at (855) 654-2015 or (212) 430-3774. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The Offer to Purchase contains important information which should be read carefully before any decision is made with respect to the Tender Offer. Disclaimer None of the Company, the Dealer Manager, the Tender and Information Agent or the trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should or should not tender any Notes in response to the Tender Offer or expressing any opinion as to whether the terms of the Tender Offer are fair to any Holder. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of Notes to tender. Please refer to the Offer to Purchase for a description of the offer terms, conditions, disclaimers and other information applicable to the Tender Offer. About Coinbase Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The Company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Cautionary Statement Regarding Forward-Looking Statements This press release contains “forward-looking statements” including, among other things, statements relating to the anticipated cash expenditure to consummate the Tender Offer, as well as the completion, timing and size of the Tender Offer. Statements containing words such as “could,” “believe,” “expect,” “intend,” “will,” or similar expressions constitute forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements, including those described in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 and other filings with the Securities and Exchange Commission. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks that could have an impact on any forward-looking statements contained herein. Forward-looking statements in this press release are based on the Company’s beliefs and assumptions and on information available to the Company’s management as of the date they are made. Investors should not place undue reliance on any such forward-looking statements. Except as may be required by law, the Company undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this press release. Contacts Press: [email protected] Investors: [email protected]

Key results from a poll done in honor of the International Day of Charity were today released by Binance Charity, the charitable arm of the top global blockchain ecosystem Binance. In order to provide useful insights that will direct Binance Charity’s future initiatives and more closely correlate with public sentiment on philanthropy, the survey, which aims to understand the changing landscape of charitable giving, depends on remarks from 1126 people, including both Binance users and the general public. Important Findings from the Survey Despite the continued popularity of conventional donation methods including cash, checks, and credit cards (43% of choices), the poll reveals a rising demand for blockchain-based charity donations. A considerable 32% of respondents said they prefer to give using cryptocurrencies, showing the growing importance of digital assets in philanthropy. The poll reveals a strong foundation of cryptocurrency-based charity already in place. While the majority of respondents (71%) have never donated using cryptocurrencies for charity, 29% have previously done so, highlighting the growing popularity of cryptocurrencies in philanthropy. Three key benefits of blockchain technology were mentioned by respondents when asked why cryptocurrencies are becoming more popular. An astounding 37% complimented it for being able to provide openness, and 32% applauded it for being effective and efficient. Another 28% identify blockchain’s exceptional capacity to improve accountability via verifiable recipient-to-donor traceability. The most important elements affecting people’s choices when selecting a charity to help were revealed via a study conducted by Binance Charity: Integrity and responsibility: This criterion stands out as a non-negotiable for 27% of the respondents, highlighting the importance of ethics and transparent reporting in gaining the confidence of donors. The actual cause: Nearly 26% of participants are inspired to take action by the charity’s unique aim, demonstrating the potency of a well-articulated goal. Impactfulness: An extra 18% of respondents pay attention to the quantifiable effect a charity has had, showing that in the era of data-driven choices, tangible outcomes matter. The survey’s analysis of the fields that reflect the public’s selection of a charity cause reveals the following preferences: Humanitarian assistance According to 22% of respondents, immediate assistance in times of need is crucial. Education: 20% of respondents point to a shared desire to advance society via education. Health: Nearly as important as schooling, 19% of respondents expressed a general concern for wellbeing. The study also looks at the public’s involvement in charity causes. 51% of respondents say they participate when their schedules and resources allow them to. Impressively, 20% of participants said they are devoted philanthropists who actively look for chances to have a significant influence. How Binance Charity Promotes Global Harmony A growing trend in the use of cryptocurrencies for charity is confirmed by the study done by Binance Charity, which offers insightful information about the landscape of charitable giving. These results have a direct effect on the current worldwide impact-focused projects of Binance Charity. Binance Charity continues to use blockchain technology to improve charity, transforming anything from immediate rescue operations to educational projects and health programs. Binance introduced the first-of-its-kind Binance Refugee Card to provide a quick, affordable, and secure means of sending cash to individuals in need. Binance also contributed $10 million in crypto towards disaster assistance in Ukraine. Additionally, Binance provided $5 million in direct aid to Turkey earthquake victims. Over 57,000 alumni have participated in Binance Charity’s educational programs, which are funded by Binance Academy and are carried out in collaboration with prestigious academic and professional organizations including Women in Tech and Utiva. In order to close the gender gap that still exists in the sector, the program involves tech and blockchain scholarships with a primary emphasis on women. Additionally, the “Crypto Against COVID” campaign of Binance Charity contributed $5.7 million in cryptocurrency for healthcare, enabling the delivery of 500,000 vaccinations and over 2 million PPE pieces internationally. By enabling non-profit organizations all across the globe to receive cryptocurrency payments via Binance Pay or any DeFi wallet, Binance Charity is also setting the standard for cryptocurrency-based philanthropy. Read the 2022 Annual Report to find out more about how Binance Charity is creating a world where Web3 technology is a force for good.

Litecoin (LTC) has found itself in a tight consolidation phase, firmly locked within the $60 to $70 range since mid-August. Despite several attempts to break above the $70 resistance level, bulls seem to be running low on aggressiveness. As of the latest data from CoinGecko, LTC is trading at $62.99, reflecting a 1.8% decline over the past 24 hours and a seven-day slump of 3.1%. In recent weeks, LTC bulls have diligently defended the August 2022 range-high of $63, preventing a drop below this crucial support level. However, their efforts to push the price beyond $70 have proved futile. Litecoin Bulls Defend Key Levels But Face Technical Challenges A closer look at the technical indicators reveals that the H12 bearish order book and the 50-day Exponential Moving Average (EMA) are posing significant challenges for the bulls. Analysts believe that Litecoin could continue its consolidation above the $63 range-high in the coming hours or days. Still, the prevailing bearish pressure could hinder any substantial upward movement in the near term. LTC’s Struggle Amid Growing On-Chain Activity Surprisingly, despite Litecoin’s price consolidation, its on-chain data has shown increased activity in its ecosystem. According to a separate report, over the past four months, the share of Litecoin in global cryptocurrency payments has surged by an impressive 21%. This suggests that despite the stagnant price, Litecoin remains a popular choice for transactions. Sell Limit Orders And Bearish Sentiments To complicate matters further for LTC, order flow tracking platform Mobchart cited in an analysis significant sell limit orders at $66 (3.11k LTC) and $70 (3.26k LTC) on Binance Exchange’s spot market. These levels are strategically positioned between the H4 50-EMA and the H12 bearish order book, effectively forming a formidable barrier for Litecoin’s price to overcome. This adds to the growing challenges faced by LTC bulls in their quest to push the price higher. Moreover, sentiment around Litecoin has been increasingly bearish in recent times, as indicated by a separate report revealing that LTC bears have strengthened by 19% in the past week. This surge in bearish sentiment has likely contributed to the current downward pressure on LTC’s price. Litecoin (LTC) remains trapped within the $60 to $70 range, with technical indicators and significant sell orders acting as obstacles to any substantial price movement. Despite on-chain activity showing promise, growing bearish sentiments continue to weigh on LTC’s price, making it a challenging period for Litecoin investors and enthusiasts. (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 CMC Markets

India’s G20 presidency advocates global crypto regulation for borderless assets. OKX eyes India as a potential hub for crypto and blockchain. India has taken center stage as it currently presides over the G20, a pivotal forum comprising the world’s major economies. Amidst its diverse initiatives encompassing startups, cybersecurity, and disaster risk management, India’s call for a unified approach to address the complexities of cryptocurrencies has caught the attention of the global crypto community. At a major event in Mumbai, India’s Finance Minister, Nirmala Sitharaman, asserted Also, Sitharaman underlined the crucial need for international cooperation due to the decentralized and borderless nature of cryptocurrencies. As the digital asset space transcends geographical boundaries, ensuring effective regulation becomes a paramount challenge that necessitates collaborative efforts on a global scale. However, it’s important to note that India has not yet enacted specific legislation governing digital currencies. While cryptocurrencies are not explicitly banned, it has taken steps to implement anti-money laundering (AML) rules and impose substantial taxes on crypto trading. Looking Forward, India’s G20 Path The finer details of the proposed global regulatory framework for cryptocurrencies are yet to be outlined. But the overarching intent is clear. India is steadfast in its pursuit of establishing a cohesive regulatory system. And comprehend cryptocurrencies comprehensively. The ongoing discussions have industry insiders and stakeholders closely monitoring developments. As with top-ten crypto exchange OKX considering entry into the Indian market. Recognizing India’s potential as a thriving hub for crypto, blockchain, and Web3 technology, this move underscores the significance of India’s role in shaping the future of cryptocurrencies on the world stage. Finally summarizing, India’s G20 presidency has propelled the initiative for a unified global framework to regulate cryptocurrencies. Marking a significant step towards resolving the challenges posed by these digital assets.

Tether became the 22nd largest holder in the world. China’s US Treasury holdings reached their lowest level in 14 years. Tether, the stablecoin provider, has revealed that it holds $72.5 billion in US Treasury bonds, surpassing the United Arab Emirates, Mexico, Australia, and Spain. Moreover, Tether became the 22nd largest holder in the world. With this, Tether marks a significant milestone in the crypto market. On September 4, Wall Street Silver, an investment forum, reported that China’s ownership of the US Treasury has dropped almost $481 billion from its peak level. It was also mentioned that, for many years, experts always doubted that China would dump the US Treasury debt because of the impact on their own economy and currency. However, According to the chart, China’s US Treasury holdings reached their lowest level in 14 years. China is getting out of US debt, and instead, the country is buying gold. In reply to this tweet, Tether CTO Paolo Ardoino shared that it has reached $72.5 billion in exposure to US Treasury bills. Tether Becomes the Most Used Stablecoin Paolo Ardoino also mentioned that with this amount of holding, Tether has surpassed countries including the United Arab Emirates, Mexico, Australia, and Spain. Moreover, the Stablecoin provider has climbed to the 22nd spot among buyers around the globe. Tether’s CTO also expressed that USDT is the most used stablecoin around the world, with a huge focus on emerging markets. Moreover, for many of these communities, USDT is their lifeline to protect themselves and their families from the instant inflation of their national currencies. On the other hand, Circle held more than $8.389 in the US Treasury at the end of July, according to Circle’s monthly certification. At the time of writing, the daily trading volume of Tether has experienced a surge of 8.63% in the last 24 hours, according to CoinMarketCap.

LAS VEGAS–(BUSINESS WIRE)–$AGREE #AGREE—Ault Alliance Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”) announced today its wholly owned subsidiary Ault Global Real Estate Equities, Inc. (“AGREE”), plans to list for sale its four recently renovated Midwest hotels, the Hilton Garden Inn in Madison West, the Residence Inn in Madison West, the Courtyard in Madison West, and the Hilton Garden Inn in Rockford. The decision to sell the hotels follows the decision to also list the St. Petersburg property and is driven by the Company’s desire to focus on its core businesses, including the crane rental business, the California licensed lender, and data center operations. The Company plans to use the proceeds from the sales of the hotel properties to pay off debt and commit more capital to its core businesses. The Company believes that the recent comprehensive renovation of all four properties delivers best-in-class assets to the Madison West and Rockford markets. AGREE plans to sell all four properties through the national real estate brokerage firm, Hospitality Real Estate Counselors (“HREC”) and intends to seek approximately $100 million for the four hotels. Through its partnership with the hotel management firm, GF Hotels & Resorts, the Company completed major renovations at all four properties, including the installation of new fitness equipment, new soft goods, upgraded bathroom trims, new mattresses, new furniture, and many other changes focused on enhancing the guest experience. The Hilton Garden Inn locations in Middleton and Rockford now feature brand-new Peloton bikes allowing customers to utilize a top-of-the-line fitness appliance with or without a Peloton membership. Catering to demand from corporate travelers, the Hilton Garden Inn properties have prioritized shower-only king rooms during renovations. Additional improvements include upgraded smart TVs and the installation at the Hilton Garden Inn Rockford of the only electric vehicle charging stations at a hotel in town. The Residence Inn’s renovations encompass new kitchen appliances, new furniture, refreshed paint schemes, TVs, and internet connectivity upgrades. The Courtyard’s exterior was repainted and refreshed under new brand guidelines and the interior courtyard was revamped to focus on outdoor events during the summer such as weddings, receptions, and other social events. Milton “Todd” Ault III, Executive Chairman of Ault Alliance, shared his insight on this strategic decision: “We have decided to focus on our core cash producing assets, which include our crane rental company, Circle 8 Crane Services, LLC, data center operations through Sentinum, Inc., and our California licensed lender, Ault Lending, LLC. Given the current macro environment, we believe these core assets are best suited to produce sustainable cash-flow and long-term value for the Company and its stockholders.” Ault concluded, “There can be no assurance that the hotels will be sold or that our asking price will be met. However, given the hotels’ strong standing and recent renovations, we are optimistic and expect the properties to attract significant interest.” Interested parties are encouraged to contact Ault Alliance or HREC for further details. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com. Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235

VICTORIA, Seychelles–(BUSINESS WIRE)–#blockchain–KuCoin, one of the top 5 crypto exchanges in the world, is proud to announce its pivotal role as the Title Sponsor of TOKEN2049 Singapore, a premier gathering for the global crypto and blockchain community. The event is set to welcome over 10,000 attendees, making it the largest of its kind this year. “Asia’s leading position in the development and innovation of the crypto industry cannot be overstated. Our partnership with TOKEN2049 reinforces the importance of this region and our unwavering commitment to driving the industry’s growth and progress,” said Alicia Kao, Managing Director of KuCoin, who will be taking the main stage as the Headline Speaker. She will be participating in the panel discussion titled “Crypto Exchange: Challenges and Opportunities Ahead”, shedding light on the challenges faced and the opportunities that lie ahead for the crypto exchange sector. As part of its engagement, KuCoin has sponsored a dedicated KuCoin Stage aimed at fostering meaningful discussions within the crypto and blockchain ecosystem. This stage will host a range of talks, panel discussions, and fireside chats, facilitating exchanges of knowledge and ideas among industry experts and enthusiasts alike. The KuCoin Barista station, KuCafé, is another highlight of its involvement. Designed as an oasis for networking and discussions, KuCafé will provide an energetic boost to the crypto spirit of attendees, fostering connections that will drive the industry forward. With KuCoin’s Title Sponsorship, the event promises to be an exceptional platform for exchanging ideas, sharing insights, and collectively shaping the future of the crypto landscape. Visit KuCoin website to find out more information about the event. KuCoin panel – “Crypto Exchange: Challenges and Opportunities Ahead” Time: 15:00 – 15:40, September 14, 2023 Location: Mainstage at Level 5, Singapore Marina Bay Sands Meet us at KuCoin Barista – KuCafé for a cup of coffee to boost your crypto spirit! Time: 8:00 – 18:00, September 13-14, 2023 Location: Entrance at Level 5, Singapore Marina Bay Sands About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 29 million users in more than 200 countries and regions. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards. To find out more, visit https://www.kucoin.com Contacts For media inquiries, please contact: [email protected]

Assets held in liquid staking services increased by a remarkable 292% to $20 billion. Ethereum adopted liquid staking as part of network updates during the past year. Bloomberg says that one subset of the crypto industry, ‘liquid staking,’ has seen a stunning revival, almost reaching its all-time high. Assets held in liquid staking services increased by a remarkable 292% to $20 billion, recovering from a crisis in June 2022, when the larger digital-asset market was in an extensive decline. Due to this meteoric rise, liquid staking has surpassed lending as the most important use case in DeFi. When the TerraUSD stablecoin failed and the crypto market dropped by $2 trillion in value, liquid staking providers like Lido and Rocket Pool saw their asset values drop from a high of over $21 billion in April of the previous year. Liquid Staking Protocols Although the liquid staking industry has been on the rise, the prices of key tokens and interest in the majority of DeFi services are still much lower than their respective records established in 2021 and 2022, according to Bloomberg. Since Ethereum adopted liquid staking as part of network updates during the past year, its popularity has skyrocketed. Token holders that validate transactions on the Ethereum network now get a bonus of 4% in equivalent each year. Competing blockchains such as Solana and Cardano now also provide a stake for rewards. Direct participation in staking often requires high-level computing expertise, expensive gear, and large financial outlays. However, the procedure has been made easier by the introduction of liquid staking protocols, which accept lesser commitments and provide users with a version of the pledged coins that may be used in other transactions. Highlighted Crypto News Today: Ethereum Fails to Gain Momentum as Whales Move 300K ETH to Coinbase

The commercial bank’s equity is $490M, and its local banking assets are almost $10B. Tokenized deposit technology has lately attracted the attention of Hana Bank. KEB Hana Bank, one of the biggest banks in South Korea, has partnered with BitGo Trust Company, a leading crypto custody provider, to begin providing custody services. Yonhap, a South Korean news agency, claimed that KEB Hana Bank and BitGo have reached a strategic business deal to build up digital asset custody in South Korea together. The commercial bank’s equity is $490M, and its local banking assets are almost $10 billion across 111 branches. Boosting Adoption in South Korea On September 5 during Korea Blockchain Week, a convention for the crypto sector, executives from Hana Bank allegedly made the announcement. BitGo’s custody solutions and Hana Bank’s financial services and compliance know-how will be combined in a new company established as part of the partnership. An official from Hana Bank stated: BitGo CEO Mike Belshe has said that the company would concentrate on improving the safety and openness of the digital asset market in South Korea. Online publications have said that the second half of 2024 is when Hana Bank and BitGo would officially launch their joint venture crypto custody firm. Tokenized deposit technology has lately attracted the attention of Hana Bank as a potential competitive solution to private stablecoins and CBDCs. The bank, together with other local private banks published a paper in July 2023 outlining the so-called “certificate of deposit” tokens that might replace conventional banking systems. Highlighted Crypto News Today: Liquid Staking Soars Despite Overall Crypto Market Downturn

The burning of SHIB tokens has become an important part of the Shiba Inu community. Each week, tokens are sent to a ‘burn’ address by community members as they try to reduce the supply of the token. This is why the introduction of a burn mechanism for the Shibarium Layer 2 network is a welcome development for the community. Lead Dev Says Shiba Inu Burn Portal Is Coming In a tweet shared on X (formerly Twitter) on Monday, Shiba Inu lead marketer LUCIE shared a much-anticipated announcement with the community. Lucie revealed in a screenshot of an exchange with the developer that a Shiba Inu burn portal for Shibarium was being developed. This comes after a long stretch of calls for the team to introduce an automatic burn for SHIB as the Shibarium blockchain grows. However, contrary to the belief that the burn portal is exactly what is needed, the developer emphasized that “BURNS WILL NOT AND ARE NOT THE END ALL BE ALL.” Instead, the developer says that the focus should shift toward the adoption of the blockchain rather than being on just burns. The developer’s words echo an earlier post made by the lead marketer on X. According to Lucie, the only way that SHIB would be burned is if the blockchain is being used. Token burns are dependent on fees generated from transactions. So this is why the emphasis should be placed on adoption rather than straight burns. “The more you use Shibarium, the higher the traffic, which drives up gas fees,” Lucie explained in the tweet. Lucie pointed out in a follow-up tweet that the Shiba Inu price had been able to hit its previous all-time high without any burn mechanism in place. “$SHIB will be a governance token with global adoption – the next ATH could be interesting,” she concluded. Will A Shibarium Burn Portal Lead To New ATH? The emphasis being placed on a burn mechanism by the community comes as a result of an expectation that lower supply leads to higher prices. While this is true for digital assets, there are other factors that contribute to a token reaching a new all-time high price. For one, the current crypto market trend has to be considered. With a bear market still raging on, it is safe to say that tokens are not hitting ATHs anytime soon. So even if a Shiba Inu burn portal was introduced today, it would not automatically guarantee a new ATH. However, it could lead to a surge in price, even if briefly. Hence, working toward adoption rather than just burns presents a more long-lasting value addition. SHIB’s price is currently sitting at $0.000007549 after falling 2.40% in the last day and 6.91% in the last week. It is the 16th-largest cryptocurrency with a market cap of $4.44 billion.