GALA, the native token of Gala Games, is under immense selling pressure as of early September 2023. Trackers show that the token is down 72% from 2023 peaks when it soared to $0.062 in late January 2023. From there, the token has been edging lower, sinking to $0.017 at spot rates, unwinding over 95% of gains posted in early 2023. To illustrate, GALA is cents away from retesting all-time lows registered in late 2022 at around $0.016. GALA Plunging The drawdown could be pinned to the unfavorable market-wide bear market conditions that have seen top coins, including Bitcoin and Ethereum, surge before dumping, dragging altcoins even lower. The slowdown across Bitcoin has been mirrored in GALA as the token edges lower, reversing gains posted on August 29. On this day, Bitcoin rose after a US Court of Appeal ruled in favor of Grayscale, the issuer of GBTC. Even though the court didn’t direct the Securities and Exchange Commission (SEC) to convert GBTC trust to an exchange-traded fund (ETF), the judge didn’t provide clear reasons why they denied Grayscale’s request. BTC prices rallied as odds of the US approving a spot Bitcoin ETF rose, lifting altcoins, including GALA. However, bears have successfully peeled back losses, as the daily chart shows. CEO Versus Co-Founder Beyond market factors, GALA may plunge to all-time lows primarily because of internal wrangles that could heap more pressure on the token that’s already struggling against unrelenting bears. Court documents show that CEO Eric Schiermeyer and co-founder Wright Thurston filed lawsuits against each other. Filings show that Schiermeyer blames the co-founder for illegally obtaining and selling $130 million of GALA. The CEO also claims the co-founder stole node licenses for operating nodes within the Gala game ecosystem. He also cites Thurston’s history of founding companies that often in bankruptcy. The CEO wants the co-founder replaced as director. The co-founder and his investment vehicle, True North Investments, accuse the CEO of wasting millions of dollars in company assets and engaging in fraudulent practices that harmed the company. The co-founder claims the CEO misused millions, including $600 million of assets, and lending millions of dollars from Gala Games to himself. They also alleged that the CEO created entities in Switzerland and Dubai that, in reality, should belong to Gala Games. The co-founder wants to kick out the CEO, who has held the office since 2021.

Over the past 24 hours, the majority of the crypto market has been moving slowly, with the premier cryptocurrency Bitcoin falling below the $26,000 mark again. Toncoin, on the other hand, continues to defy the current market conditions, registering a significant price climb in the past day. The TON price experienced a substantial increase on the first day of September, which is consistent with its overall trend in August. TON Soars By 11% In A Single Day Toncoin currently leads the altcoin market as one of the top gainers following an 11% price rise in the past 24 hours. In the same period, altcoins such as ETH and XRP appear to have succumbed to general market sentiment, suffering a 1% and 2% price dip, respectively. Interestingly, TON’s latest price spike only underscores its impressive performance in the past few weeks. According to data from CoinGecko, the value of the cryptocurrency has swelled by more than 35% in the last seven days. A broader look at Toncoin’s price history shows that the token has been on an ascent since the start of August. After plunging to a year-to-date (YTD) low of $1.18 on the 4th of August, TON is currently on a nearly 64% price rally. The TON token is currently valued at $1.93, according to CoinGecko data. If this bullish momentum and the buying pressure continue to build, investors could see Toncoin return to the $2 mark. However, technical indicators do not seem to be in favor of the bullish momentum continuing. The daily Relative Strength Index (RSI), an indicator that tracks the balance between the buying and selling pressure of a token, is currently in the oversold region. The daily RSI in the oversold zone can be an indication of a potential trend reversal. In this situation, this means that investors could see Toncoin reverse all its gains and embark on a downward trend. Can Toncoin Break Into The Top 10 Crypto Ranking? This recent positive performance has catapulted Toncoin onto the verge of becoming one of the top 101 largest cryptocurrencies by market cap. According to CoinGecko data, TON is the 12th-largest cryptocurrency with a market cap of roughly $6.64 billion. This puts it ahead of Polkadot, Polygon, and Litecoin, who occupy the 13th, 14th, and 15th positions, respectively. If TON continues its current price rally in this existing market condition, breaking into the top 10 ranking might be a possibility. Interestingly, a significant 92% increase in the token’s daily trading volume adds further optimism to this scenario. An increase in trading volume can be a signal that investors are still dabbling into an asset. With this, it would only be short-sighted to rule out more gains for the altcoin in the coming weeks.

Wood’s tweet alluded to the revolutionary perspective of AI and Bitcoin. Ark Invest’s findings and Wood’s tweet highlight the significance of AI in the financial markets. Cathie Wood, CEO of Ark Invest, recently tweeted her positive outlook on the confluence of Bitcoin and AI. Wood’s tweet alluded to the revolutionary perspective of AI and Bitcoin, highlighting the opportunities it brings for many businesses and the economy at large. Wood’s excitement about these two promising areas of innovation is evidence of how quickly the crypto and AI industries are changing. The tweet also promotes a podcast on Bitcoin’s development and scalability, Bitcoin Brainstorm, hosted by Ark Invest and Blockchain Park and featured Cathie Wood. Banking on AI and Crypto A white paper titled “Investing In Artificial Intelligence” by ARK Invest corroborates Wood’s optimistic outlook. Cathie Wood and Ark Invest have shown clear signs in the study report that they are thinking about how AI may affect their investing strategy. Cathie Woods’s long-term investments in artificial intelligence (AI) companies demonstrate her confidence in the sector. The ARK Invest Bitcoin ETF developments show that Cathie Wood is interested in Bitcoin for reasons other than the growth of related technologies. ARK Invest has not just invested in Bitcoin, but also in the cryptocurrency exchanges Coinbase and Robinhood. Ark Invest’s initiatives that capitalized on the rise of the AI technology sector are also discussed in the study. Through the first half of the year, the ARK Disruptive Innovation ETF (ARKK), which invests primarily in artificial intelligence and other creative technologies, had a higher return on investment (ROI) than the NASDAQ 100 Index (QQQ). Together, Ark Invest’s findings and Wood’s tweet highlight the increasing significance of AI in the financial markets. Bitcoin and AI together may cause a revolution in business practices, reshaping various strategies. Highlighted Crypto News Today: Yes Bank Boosts Digital Rupee Usage in India With UPI Integration

The swapped 350 ETH was then transferred to the address 0x3f6. The sale could also be related to the recent statement by MakerDAO founder. Prominent independent reporter with the twitter handle @WuBlockchain revealed an unexpected sale by Ethereum co-founder Vitalik Buterin: he swapped 500 MKR tokens for 350 ETH, a deal worth around $581,000. The swapped 350 ETH was then transferred to the address 0x3f6. Buterin’s sale of MKR tokens, the first in two years, has raised suspicions in the cryptocurrency industry. This news follows a short spike in the trading price of MKR tokens, which some speculate may have been caused by whale activity. There has been a notable uptick in MakerDAO’s core functionality. Nonetheless, the MakerDAO community’s statement on August 28 announcing the establishment of SubDAOs in South Korea looks to be a major driver behind the increasing price of MKR tokens. This method has generated a lot of buzz in the blockchain space as it seeks to unleash DAOs’ full potential. Migration from Ethereum As investors and enthusiasts wonder what prompted Vitalik to sell his MKR tokens for the first time in two years, the market as a whole may have corrected, which might explain the decline in value. Moreover, the sale could also be related to the recent statement by MakerDAO founder. The fifth and last phase of the Endgame was described by MakerDAO creator Rune Christensen in a blog post for the MakerDAO community recently. This step entails rebuilding the MakerDAO protocol on a new, separate blockchain. Despite the fact that MakerDAO has been built on Ethereum from day one. Instead of utilizing the Ethereum Virtual Machine (EVM), the next native chain will be built on a fork of the Solana codebase. Highlighted Crypto News Today: Token Transfers by Insolvent FTX Raises Questions Amid Uncertainty

The mistake, which led to the plan being rejected, severely impacted the price of CYBER. CYBER is still up 89% in the last 7 days despite the recent downturn. The price of CYBER token has witnessed severe decline after the shocking news that CyberConnect’s official Twitter account had acknowledged a major blunder in the emergency proposal CP-1. The mistake, which led to the plan being rejected, severely impacted the price of the CYBER token. From the Community Treasury, 1,088,000 CYBER tokens were planned to be distributed through the snapshot proposal CP-1. A considerable overestimate was included in the proposal due to a typing error. The CyberConnect management saw and recognized this disparity right away. Struggle Continues The major goal of the proposal that was shot down was to use tokens from the Community Treasury to facilitate trading in pairings like CYBER-ETH, CYBER-BSC, and CYBER-OP. There was a mistake in the plan; only 1,088,000 tokens were really available for the Community Treasury. Although it said that 7,000,000 CYBER-BSC and 3,888,000 CYBER-ETH will be utilized. The price of the CYBER token dropped by almost 46% as per data from CMC. The sudden shift in circumstances had investors and traders scratching their heads. Source: CoinMarketCap The CYBER token, however, has not shown resilience in the face of this uncertainty since the price continues to trade in red. Over the last week, CYBER’s price has increased by more than 160%, and is still up 89% in the last 7 days despite the recent downturn. According to CMC, the price of CYBER is now trading at $7.23 and is down 46.88% in the last 24 hours. Moreover, the trading volume is up 109%. Highlighted Crypto News Today: Bitcoin Price Faces Strong Challenge Amid Bear Dominance

The trading platform has not publicly condemned any fraudulent activity. FTX filed for bankruptcy in November of last year. FTX, a defunct crypto exchange, is said to be transferring its tokens, creating further uncertainty among the crypto community. These token transfers have sparked a number of hypotheses as to the true intentions of the trading platform, which is currently in the process of paying its creditors. The remaining tokens linked with the exchange will reportedly be managed by Mike Novogratz’s Galaxy Digital, as was previously reported. The question of whether or not these regular payments are being sent to a Galaxy Digital account or one of its linked wallets is a hot topic of debate. Creditors Left in Limbo A snapshot of the transfer requests being shared on social media suggests that the company has already transferred tokens using the Wormhole Bridge. While some transactions have used other channels, Wormhole has been the primary conduit for such transactions. Some analysts, looking at the trading platform’s token history, have concluded that the recent large-scale token transfers seem suspicious and might be the work of a malicious third party. This line of thinking is almost debunked since the trading platform has not publicly condemned any fraudulent activity involving its related wallet addresses. Since FTX filed for bankruptcy in November of last year, practically all of its creditors have been left in limbo ever since. A U.S. court earlier revoked the bail of Sam Bankman-Fried, the ex-CEO and founder of the insolvent FTX, and has been taken into custody. Given that he will soon stand trial on many counts of financial crime related to the fall of FTX last year, this judgment comes just in time. Highlighted Crypto News Today: Bitcoin Price Faces Strong Challenge Amid Bear Dominance

In the last 48 hours, the XRP market has witnessed a significant amount of large-scale transactions, drawing much attention from the general crypto space. According to data from blockchain tracker Whale Alert, XRP whales conducted transactions involving over a billion XRP on Friday, September 1. Ripple Transfers 75 Million XRP To Unknown Wallet In Whale Buying Spree Through a series of posts by Whale Alert on social media platform X (formerly Twitter), it can be inferred that the XRP market witnessed four major whale transactions. The biggest of these transactions was the transfer of 424,354,912 XRP – valued at $214,293,666 – from one unknown wallet to the other. In this context, unknown wallets refer to addresses with no affiliation to a crypto exchange. Furthermore, there was the move of XRP, 19,920,318 XRP worth $10,167,904, from another unknown wallet to the Binance exchange. It was also noted that a whale transferred 66,666,659 XRP, worth $33,065, 809 from an unknown wallet to the Binance exchange. However, the most notable transaction that caught most traders’ eye came from Ripple, the company behind the XRP cryptocurrency. Whale Alert reported that Ripple transferred 75,000,000 XRP, worth $37,058,145, from its Binance wallet to an unknown wallet. Following this move, some crypto enthusiasts believe that this particular unknown wallet also belongs to Ripple, as the company could be intending to soon offload those tokens on an exchange. This speculation has led to most investors predicting an incoming market dump. Ripple also conducted other transactions on September 1, locking about 800,000,000 XRP in escrow. However, this does not raise any concern as the crypto payment firm is known to release 1,000,000,000 XRP at the start of every month before proceeding to lock up about 80% of the new tokens a few hours later. XRP Records 7-Month Highest Transaction Volume Among Other Positives Following the massive transactions in the XRP market, on-chain analytics firm Santiment has provided a report highlighting some of the effects of these whale movements. According to an X post on September 1, Santiment reports an on-chain transaction volume of 4.8 billion XRP, marking the seven highest value of this metric in the XRP market over the last seven months. The analytics firm also noted that there are currently about 2.03 billion XRP in circulation, representing the token’s highest-circulating supply since May 31. In addition, XRP development activity was also reported to be on the high side. At the time of writing, XRP still finds itself struggling amid a general market downturn. The fifth-largest cryptocurrency trades at $0.4983 with a 1.88% loss in the last day, according to data from CoinMarketCap.

Customers of Yes Bank may now pay using the digital rupee by scanning QR codes. The Yes Bank app is the first to incorporate the UPI with the CBDC, the digital currency. Yes Bank recently stated that the Reserve Bank of India’s (RBI), the digital rupee, will have improved usage. This will be made possible by the bank’s integration of digital rupee with UPI. Customers of Yes Bank may now use their smartphones to pay for goods and services using the digital rupee by scanning QR codes. Ajay Rajan, an executive of Yes Bank, stated: Major Adoption Push The Reserve Bank of India’s National Payments Corporation of India (NPCI) manages the UPI as a unified payment system for the country. Both the UPI and the digital rupee rely on the infrastructure provided by the NPCI. The UPI is reportedly utilized by over 150 million businesses in India. The Yes Bank app is the first to incorporate the UPI with the CBDC, the digital currency. The retail pilot initiative began in December, with Yes Bank as one of the eight initial participating banks. The trial had 800,000 transactions worth $134 million by the end of February, with 5,000 participating businesses and 50,000 CBDC customers. In November, an additional digital rupee wholesale pilot program was introduced. With Yes Bank initiating the integration, other prominent banks in the country are likely to follow suit, further boosting the adoption of the digital rupee in India. Highlighted Crypto News Today: Crypto Exchange OKX Eyes Entry Into the Indian Web3 Market

September’s bear market worries have reignited rumors of a coming downturn. If price manages to break the $25k level then it might likely go all the way to $20,250 level. The United Stated SEC has pushed out its ruling on Bitcoin spot ETF until October, which has put downward pressure on the BTC price. Several prominent analysts have all agreed that the BTC price will likely fall to $24,800 mark before perhaps recovering. Nonetheless, September’s bear market worries have reignited rumours of an upcoming downturn. Historically, September has been a bad month for risky investments, including Bitcoin, and it seems that this year will be no different. On the other hand, larger wallet addresses have shown growing optimism. In only two weeks, addresses controlling a minimum of 0.1% of Bitcoin’s total supply have amassed an astonishing $1.5 billion worth of BTC, according to statistics provided by IntoTheBlock. High Volatility Expected The legal win by Grayscale provided Bitcoin with much-needed impetus, but this has already been squandered. The previous week has seen extreme swings, with prices ranging from a low of $25,680 to a high of $28,130. Source: CoinMarketCap At the time of writing bitcoin has been trading at $25,818, down 0.77% as per data from CMC. The price found support at $25,450 mark after a severe decline all the way from $28,000 level. If price manages to break the $25,000 mark then it might likely go all the way to $20,250 level. On the other hand, if price can break above the $26,120 mark then it will likely retest the $28,000 resistance level. Moreover, high volatility is expected as price has been consolidating lately and is eyeing a breakout in either direction.

In a recent video by renowned cryptocurrency analyst Benjamin Cowen, ominous predictions for Bitcoin performance in September have emerged. Cowen, known for his data-driven approach to cryptocurrency analysis, shared his insights regarding Bitcoin’s historical performance in September and its potential trajectory for the current year. Cowen acknowledged that September has traditionally been a challenging month for BTC, often characterized by negative price movements. He emphasized that while historical trends suggest a red month for Bitcoin in September, there are no guarantees, and occasional green September does occur. The analyst highlighted that Bitcoin had experienced six consecutive red September from 2017 to 2022. The average return for Bitcoin in September has historically been around -6.6%, with a standard deviation that adds to the unpredictability of the cryptocurrency’s performance. Examining Potential Price Declines Cowen then delved into the potential price decline for Bitcoin in September. Given Bitcoin’s opening price of just below $26,000 for the month, a 7% decrease would bring its value to approximately $24,000. He further pointed out that in the pre-halving year of 2019, Bitcoin witnessed a 14% drop in September, potentially pushing its price down to $22,000. To bolster his argument, Cowen referred to a recent tweet in which he speculated a substantial chance of Bitcoin reaching $23,000 in September. Although he stressed that this prediction is far from a guarantee, he underscored the seasonal pattern, the downward momentum, and the recent monthly close below certain support levels as factors that make a dip to $23,000 plausible. Moreover, Cowen discussed the average returns in all pre-halving years for the month, revealing a drop of approximately 17.7%, which could result in Bitcoin trading at around $21,500 if history repeats itself. On August’s performance, Cowen noted that Bitcoin had already experienced a 10% drop. While August’s long-term average is approximately 21%, averaging only the last two pre-halving years (2015 and 2019) suggests a more modest -11% to -12% average drop. This highlights that Bitcoin may follow a similar pattern in September, potentially softening the blow to around $24,000. The current price of Bitcoin (BTC) is $25,813, with a 24-hour price change of -0.99%. As the leading cryptocurrency, Bitcoin commands a significant market cap of $502,654,681,515, securing its position as the number one cryptocurrency by market capitalization. In the past 24 hours, Bitcoin has experienced a trading volume of $17,603,174,408, making it the second most actively traded cryptocurrency by volume. This high trading volume indicates strong interest and activity within the Bitcoin market, contributing to its liquidity. Navigating Bitcoin’s Cyclical Nature Cowen emphasized that despite the uncertainty, the seasonality of Bitcoin and the existing downward momentum make a test of the $23,000 level highly likely in the near future, possibly in September or October. Cowen reflected on the cyclical nature of Bitcoin’s price movements in a broader context, stating that it often alternates between bullish and bearish phases. He stressed that during pre-halving years, Bitcoin tends to rise significantly during the first half and experience declines in the latter half. According to Cowen, this pattern is designed to “wreck” both bulls and bears before entering a period of sustained growth. He also pointed out that while BTC may face challenges in the short term, once quantitative easing (QE) returns and the cryptocurrency market sentiment improves, altcoins could regain momentum. In conclusion, Cowen cautioned his audience to remain vigilant in September, historically a month of red returns for Bitcoin. He urged caution, citing past data and market dynamics as indicators of a potentially challenging month ahead. While the future remains uncertain, Cowen’s data-driven analysis serves as a valuable resource for those navigating the turbulent waters of the cryptocurrency market. Investors and enthusiasts will undoubtedly watch closely to see if Bitcoin’s performance aligns with his predictions in the coming weeks and months.

Post the FTX debacle Solana has been striving hard to make a strong comeback. Both TVL and transactions have been steadily rising as the SOL price tries to rebound. Rune Christensen, MakerDAO founder, wrote a blog for the MakerDAO community, in which he outlined the fifth and final step of the Endgame as recreating the MakerDAO protocol on a fresh independent blockchain. Even though MakerDAO has been running on Ethereum since its inception. The next new native chain will be based on a fork of Solana’s codebase rather than the Ethereum Virtual Machine (EVM). The last stage will be a complete re-implementation of the Maker Protocol on a fresh independent blockchain. And it is anticipated that this process will take at least three years, if not longer. Christensen said on Twitter that they should switch to Solana since it is a superior option for their blockchains. Key Developments Moreover, Solana Pay, created by Solana Labs, had earlier reached a key milestone with its integration with Shopify, a leading e-commerce giant. Businesses will be better able to conduct transactions and communicate with the world of cryptocurrencies thanks to this collaborative effort. When using Solana Pay, third-party processors are no longer required, thus eliminating extra charges and long holding periods. Amid recent developments, Solana saw a significant growth in the TVL on its blockchain. Solana’s TVL has increased from 205.11 million since the start of 2023 to 308.07 million. Also, DefiLlama, a crypto intelligence tracker, shows that both TVL and transactions have been steadily rising as the SOL price tries to rebound. Post the FTX debacle, Solana has been striving hard to make a strong comeback. This seems to be a result of Solana’s rise to prominence as the preferred platform for DeFi 2.0 apps and strategic collaborations.

Bitcoin whales, entities holding a substantial portion of the Bitcoin supply, have ignited speculation within the cryptocurrency realm by amassing more than a billion worth of BTC in mere two weeks. Data from crypto analytics firm IntoTheBlock reveals a significant uptick in the accumulation of Bitcoin by addresses holding at least 0.1% of the total BTC supply, valued at over $500 million each. These entities collectively added a staggering $1.5 billion to their holdings during the final two weeks of August. This surge in accumulation coincides with the excitement surrounding the potential introduction of a spot Bitcoin ETF in the United States. This substantial accumulation of Bitcoin by crypto whales serves as a clear testament to their growing confidence and heightened interest in the cryptocurrency, irrespective of recent price oscillations and regulatory ambiguities. Bitcoin Price Upsurge Amidst ETF Speculation The chronology of this accumulation is particularly captivating. While Bitcoin’s price experienced a dip, it experienced a transitory resurgence subsequent to a pivotal court ruling linked to Grayscale’s pursuit of a spot Bitcoin ETF. The verdict translated into a price upswing exceeding $2,000, propelling the alpha coin to a two-week zenith, slightly exceeding the $28,000 threshold. Nevertheless, just as the cryptocurrency community was poised for jubilation and pinned hopes on the ETF’s ratification, the US Securities and Exchange Commission (SEC) introduced an unexpected regulatory twist. A dopting a circumspect stance, the regulatory authority deferred its verdict on all active Bitcoin ETF applications. Consequently, Bitcoin relinquished all its gains stemming from the brief rally triggered by the Grayscale ruling, regressing below the $26,000 mark. Institutional Optimism Amidst Ambiguity The current BTC price is $25,808.30 according to CoinGecko, with a 24-hour decline of 0.8% and a seven-day loss of 0.9%. Despite the recent tumultuous price fluctuations and the ambiguity clouding the cryptocurrency market’s regulatory landscape, the continual accumulation of Bitcoin by crypto whales implies that institutional investors are cultivating an increasingly sanguine outlook regarding Bitcoin’s long-term prospects. The prospect of a Bitcoin ETF, promising a regulated and accessible entryway for mainstream investors, persists as a game-changing possibility that could significantly reshape the crypto outlook in the United States and beyond. While the cryptocurrency community anticipates further developments and regulatory determinations, the conduct of these crypto whales functions as a tangible gauge of swelling institutional interest in Bitcoin, fortifying the belief in its enduring value and pertinence. These crypto whales wield not only the power to sway the market but also reflect the sentiment and perspective of dominant participants within the dynamic domain of cryptocurrencies. Featured image from VOI

Zeebu, the world’s first on-chain invoice settlement platform for the telecom carrier industry, is set to host an exclusive yacht event that promises to be a hallmark moment during Token2049 Singapore. Gathering top Web3 leaders and notable investors, this event promises a blend of innovation and collaboration. It’s scheduled for September 14th, 2023, at Marina Bay Sands. By introducing game-changing solutions for global telecom carrier businesses, Zeebu is revolutionizing telecom and embodying the vision for a transparent and efficient B2B ecosystem, all while championing the cause of a decentralized tomorrow. The Exclusive Yacht Event will take place against the stunning backdrop of Marina Bay, providing the perfect setting for innovators and visionary venture capital firms to come together to collaborate and share insights. The Event is focused on networking and exploring the application of blockchain and Web3 technology to disrupt industries. The Zeebu team will engage in meaningful conversations about the future of these technologies and their potential to disrupt traditional industries and improve B2B settlements. Revolutionizing B2B Settlements: Onboarding Web2 Players to the Blockchain Zeebu is a pioneering force in the field of B2B settlements, with a vision aimed at transforming the settlement experience of telecom carriers through the use of innovative blockchain solutions. The Zeebu platform introduces the world’s first B2B loyalty token, ZBU, which provides loyalty rewards to merchants and customers for successful settlements. Zeebu is committed to empowering telecom carriers by eliminating the need for conventional and expensive traditional banking channels and intermediaries with cutting-edge technology. This enables telecom businesses to have access to transparent and efficient transactions, increased security, and enhanced efficiency. Zeebu has already established partnerships with key telecom industry players. Leveraging these strategic alliances, extensive access, and a strong network, Zeebu is primed to onboard more than 100 carriers, reaffirming its prominent position within the industry. Event Highlights: Gathering of Industry Visionaries: Zeebu’s yacht event is set to be a confluence of visionaries representing diverse sectors within the Web3 ecosystem. It will provide a unique opportunity for leaders and innovators to come together and engage in discussions that explore the dynamic possibilities of Web3. Exploring the Future of B2B Settlements: The event promises to be an insightful exploration of the future of B2B settlements. Attendees can expect in-depth insights into the transformative potential of blockchain-based solutions in the telecommunications sector. Engaging Networking Experience: While networking remains at the core of this event, participants can look forward to a dynamic and immersive atmosphere. Zeebu Exclusive: As part of the festivities, Zeebu has something exclusive and special in store for its guests, offering a memorable takeaway from this remarkable evening. Memorable Evening: The culinary experience at the event will be nothing short of exquisite, with a carefully curated menu of gourmet delights. Attendees can also expect captivating live performances that will further enhance the overall ambiance and leave a lasting impression. Surprise Await at the Zeebu Yacht Party! Zeebu team invites all blockchain enthusiasts, venture capitalists, and technology visionaries to this monumental gathering. Reserve your spot for an experience that promises to reshape the blockchain industry. To participate in the event, register by clicking on the event link here. ABOUT ZEEBU Zeebu is a pioneering on-chain B2B invoice settlement platform tailored for Telecom Carriers, streamlining cross-border payments with transaction times as rapid as 3-7 minutes. With robust KYC protocols and non-custodial wallet support, Zeebu guarantees secure and private payments between Customers and merchants. Staying true to the core principles of decentralization, Zeebu is shaping the future of the Telecom Carrier industry, powered by $ZBU Loyalty Token. To stay up to date about Zeebu’s Projects and Events, Join Our community from all over the world via the links below: Telegram Twitter Linkedin For media inquiries: Sneha Biradar Marketing Manager [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend 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.

Bullish FTM price prediction for 2023 is $0.2906 to $0.4266 Fantom (FTM) price might reach $1 soon. Bearish FTM price prediction for 2023 is $0.1404. In this Fantom (FTM) price prediction for 2023, 2024-2030, we will analyze the price patterns of FTM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Fantom (FTM) Current Market Status What is Fantom (FTM)? Fantom (FTM) 24H Technicals FANTOM (FTM) PRICE PREDICTION 2023 Fantom (FTM) Support and Resistance Levels Fantom (FTM) Price Prediction 2023 — RVOL, MA, and RSI Fantom (FTM) Price Prediction 2023 — ADX, RVI Comparison of FTM with BTC, ETH FANTOM (FTM) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Fantom (FTM) Current Market Status Current Price $0.2021 24 – Hour Price Change 1% Up 24 – Hour Trading Volume $39,933,475 Market Cap $566,152,216 Circulating Supply 2,803,347,961 FTM All – Time High $3.48 (On Oct 28, 2021) All – Time Low $0.001953 (On Mar 13, 2020) FTM Current Market Status (Source: CoinMarketCap) What is Fantom (FTM) TICKER FTM BLOCKCHAIN Fantom CATEGORY Decentralized Layer-1 Blockchain LAUNCHED ON December 2019 UTILITIES Governance, Fast Transactions, gas fees & rewards Fantom (FTM) is the native cryptocurrency of the Fantom blockchain. It exists both as an ERC-20 token and a BEP-20 token confirming that it is compatible with both Ethereum and Binance Smart Chain (BSC) blockchains. Fantom is a layer-1 EVM-compatible smart contract-based blockchain that was launched in 2019. The blockchain operates on a specialized proof-of-stake (PoS) consensus protocol called Lachesis. Lachesis is an asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol that is based on a directed acyclic graph (DAG) algorithm. Fantom 24H Technicals (Source: TradingView) Fantom (FTM) Price Prediction 2023 Fantom (FTM) ranks 58th on CoinMarketCap in terms of its market capitalization. The overview of the Fantom price prediction for 2023 is explained below with a daily time frame. FTM/USDT Falling Wedge Pattern (Source: TradingView) In the above chart, Fantom (FTM) laid out a falling wedge pattern. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges. The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action. At the time of analysis, the price of Fantom (FTM) was recorded at $0.2021. If the pattern trend continues, then the price of FTM might reach the resistance levels of $0.2209, and $0.3209. If the trend reverses, then the price of FTM may fall to the support of $0.1750 Fantom (FTM) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Fantom (FTM) in 2023. FTM/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Fantom (FTM) for 2023. Resistance Level 1 $0.2906 Resistance Level 2 $0.4266 Support Level 1 $0.1959 Support Level 2 $0.1404 FTM Resistance & Support Levels Fantom (FTM) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (FTM) are shown in the chart below. FTM/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Fantom (FTM) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.2316Price = $0.2038 (50MA> Price) Bearish / Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 41.15 <30 = Oversold 50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Fantom (FTM) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Fantom (FTM) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). FTM/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Fantom (FTM). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 43.6723 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 37.91 <50 = Low >50 = High High volatility Comparison of FTM with BTC, ETH Let us now compare the price movements of Fantom (FTM) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs FTM Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of FTM is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FTM also increases or decreases respectively. Fantom (FTM) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Fantom (FTM) between 2024, 2025, 2026, 2027, 2028, 2029, and 2030. Year Bullish Price Bearish Price Fantom (FTM) Price Prediction 2024 $1.8 $0.2 Fantom (FTM) Price Prediction 2025 $2.4 $0.37 Fantom (FTM) Price Prediction 2026 $3.1 $0.45 Fantom (FTM) Price Prediction 2027 $4.4 $0.53 Fantom (FTM) Price Prediction 2028 $5.7 $0.66 Fantom (FTM) Price Prediction 2029 $6.9 $0.79 Fantom (FTM) Price Prediction 2030 $7.5 $1 Conclusion If Fantom (FTM) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Fantom (FTM) price prediction for 2023 is $0.4266. Comparatively, if unfavorable sentiment is triggered, the bearish Fantom (FTM) price prediction for 2023 is $0.1404. If the market momentum and investors’ sentiment positively elevates, then Fantom (FTM) might hit $1. Furthermore, with future upgrades and advancements in the Fantom ecosystem, FTM might surpass its current all-time high (ATH) of $3.48. and mark its new ATH. FAQ 1. What is Fantom (FTM)? Fantom (FTM) is the native cryptocurrency of the Fantom blockchain. Fantom is a layer-1 (L1), EVM-compatible smart contract-based blockchain. It exists both as an ERC-20 and a BEP-20 token. The blockchain operates based on a directed acyclic graph (DAG) algorithm. 2. Where can you purchase Fantom (FTM)? Fantom (FTM) has been listed on many crypto exchanges which includeBinance, CoinTiger, OKX, BTCEX, and Bitrue. 3. Will Fantom (FTM) reach a new ATH soon? With the ongoing developments and upgrades within the Fantom Platform, FTM has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Fantom (FTM)? On Oct 28, 2021, Fantom (FTM) reached its new all-time high (ATH) of $3.48. 5. What is the lowest price of Fantom (FTM)? According to CoinMarketCap, FTM hit its all-time low (ATL) of $0.001953, on Mar 13, 2020. 6. Will Fantom (FTM) reach $1? If Fantom (FTM) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon. 7. What will be Fantom (FTM) price by 2024? Fantom (FTM) price is expected to reach $1.8 by 2024. 8. What will be Fantom (FTM) price by 2025? Fantom (FTM) price is expected to reach $2.4 by 2025. 9. What will be Fantom (FTM) price by 2026? Fantom (FTM) price is expected to reach $3.1 by 2026. 10. What will be Fantom (FTM) price by 2027? Fantom (FTM) price is expected to reach $4.4 by 2027. Top Crypto Predictions Pepe (PEPE) Price Prediction 2023 Helium (HNT) Price Prediction 2023 Conflux (CFX) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Ripple argued that the SEC has not provided sufficient evidence to support its position. This case may play a significant role in determining the legal framework for cryptos. Ripple Labs Inc. and its senior executives have strongly fought the SEC’s attempts to validate an interlocutory appeal. This case may play a significant role in determining the legal framework for cryptocurrencies in the United States, particularly whether or not XRP, Ripple’s native token, is an investment contract. The United States Securities and Exchange Commission (SEC) is pressing for an interlocutory appeal on the grounds that the Ripple case presents legal problems with far-reaching implications for all digital assets. Ripple’s response is comprehensive. SEC’s Pursuit Together with the individual defendants, Ripple has opposed the SEC’s request for a stay, arguing that the SEC has not provided sufficient evidence to support its position. The SEC began its crackdown in December 2020, according to a document made on September 1st, claiming that the majority of Ripple’s transactions connected to XRP spanning over eight years should be seen as investment contracts. Garlinghouse and Larsen, along with Ripple, feel that the SEC’s pursuit of this lawsuit is representative of the agency’s policy of selectively regulating the U.S. cryptocurrency sector. The team stated that SEC has underlined the main issue at stake, which is whether or not the Howey test can be applied to Ripple’s particular operating conditions. Earlier in July, Judge Analisa Torres ruled that XRP sales in the secondary market are not deemed securities. Post the ruling price of XRP skyrocketed. Highlighted Crypto News Today: Crypto Exchange OKX Eyes Entry Into the Indian Web3 Market

Shiba Inu (SHIB) has recently found itself in a downward spiral. Over the past few days, the coin has been experiencing a steady decline, causing concern among its enthusiastic community of holders. The latest development indicates a potentially worrisome trend as sellers breach the lower support trendline of a bearish pennant pattern, hinting at further price drops on the horizon. The bearish pennant pattern is a technical analysis chart pattern commonly used in cryptocurrency markets. It is characterized by a consolidation phase after a sharp price decline, resembling a small symmetrical triangle that slopes downwards. This pattern typically suggests that the selling pressure remains strong, and the asset may continue to experience losses. As of the latest data from CoinGecko, SHIB is currently trading at $0.00000786, marking a 1.3% decline in the past 24 hours and a 3.2% slump over the past week. These numbers reflect the ongoing bearish sentiment in the market. Shiba Inu Market Sentiment And Volatility One notable aspect of SHIB’s recent price movement is the low trading volume in the market. Low volumes often indicate a lack of conviction among traders, which can result in subdued price action. While this may suggest that the downward momentum is not particularly strong, it also leaves SHIB vulnerable to sharp price swings should a significant volume of trades occur. Traders are closely watching for signs of increased activity that could either exacerbate the decline or potentially reverse the trend. Shibarium: Glimmer Of Hope Amid the uncertainty surrounding SHIB’s price, there is a ray of hope for the Shiba Inu community. The successful relaunch of Shibarium, Shiba Inu’s Layer 2 scaling solution, has garnered attention. Shibarium aims to address some of the challenges facing the Shiba Inu ecosystem by reducing transaction costs and increasing transaction speed. These improvements could make SHIB more attractive to users and potentially drive up demand for the cryptocurrency. While this development offers a counterbalance to the bearish technical indicators, its ability to reverse the trend remains uncertain. SHIB finds itself at a challenging position as it contends with the bearish pennant pattern and declining prices. The cryptocurrency market’s low volumes reflect a cautious sentiment among traders, leaving SHIB susceptible to potential price swings. The relaunch of Shibarium brings a glimmer of hope for SHIB’s future, as it seeks to enhance its utility and appeal. However, investors and traders are advised to exercise caution and closely monitor the market dynamics as SHIB navigates these challenging waters. (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 Sunny Skyz

Polygon (MATIC), one of the prominent players in the cryptocurrency market, has faced a turbulent period as it lost its grip on the $0.60 mark, leaving investors and traders on edge. As of the latest data available, MATIC was trading at $0.540840 on CoinGecko, reflecting a 1.4% slip in the past 24 hours and a 0.6% decline over the last seven days. This dip in price has sparked discussions about the coin’s immediate future. The cryptocurrency market has been characterized by considerable uncertainty, with Bitcoin (BTC), the bellwether of the industry, also grappling with price fluctuations. Analysts suggest that BTC might enter a narrow consolidation phase before establishing a clear direction in the coming week. Given this backdrop, MATIC could follow suit by consolidating above the critical support level of $0.50 before attempting an upward move toward the 50-EMA (Exponential Moving Average) at either $0.60 or $0.65. Polygon Key Chart Indicators Raise Concerns Technical indicators have painted a cautious picture for MATIC. The Relative Strength Index (RSI) remains in the lower range, signifying bearish momentum, while the Chaikin Money Flow (CMF) has struggled to breach the zero level, indicating limited capital inflows and heightened selling pressure. Additionally, the On-Balance Volume (OBV) has slightly dipped, further suggesting a waning demand for MATIC in the current market conditions. In the midst of this market turbulence, Polygon has made an intriguing proposition. In July, the project unveiled plans for a token upgrade aimed at enhancing the capabilities of MATIC holders within the Polygon ecosystem. Polygon’s Ambitious Proposal The proposal seeks to enable MATIC holders to validate transactions on multiple blockchain networks, potentially increasing their utility and influence. However, it’s important to note that this proposal is currently pending approval from the Polygon community. If this proposal receives the green light, it would mark a significant shift for Polygon, as the coin would transition from MATIC to POL. Such a transition could have far-reaching implications for both the Polygon network and its community of users, potentially influencing MATIC’s price dynamics in the long run. Polygon finds itself at a critical juncture amid the recent market turbulence. While the short-term outlook remains uncertain due to negative chart indicators and wavering demand, the potential token upgrade proposal from Polygon offers a glimmer of hope for MATIC holders. As traders and investors closely monitor market developments, the path forward for MATIC will largely depend on broader market trends and the community’s decision regarding the proposed upgrade. (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 Bizz Buzz

Shiba Inu (SHIB) is expected to play a significant role in the success of the layer-2 network Shibarium and the proposed decentralized Shiba Inu State. With this in mind, Shiba Inu’s marketing lead, Lucie, shared a quote from the recently published ShibPaper highlighting the token’s importance in the ecosystem and the roles holders will play. SHIB Remains The Core In a tweet, Lucie shared the second chapter of the whitepaper, where SHIB is mentioned as the “core” of the ecosystem. The document also labels the token as “one of the greatest currencies in the history of mankind.” To emphasize the importance of SHIB in the ecosystem, The ShibPaper states that the token would take a “new, yet critical role” in the governance of the Shiba Inu State. The token will be the community’s voice in many decisions. The ShibPaper, in chapter one, revealed that SHIB would be one of the governance tokens for the SHIB Inu State. In chapter two, it went further to give an insight into how governance of the decentralized state will look like. According to the document, every Shibizen (citizen of the Shiba Inu State) would be allowed to vote on important decisions as long as they hold “One SHIB.” However, following Lucie’s tweet, a user quickly pointed out a downside of this move as he questioned whether or not this move could enable “malicious actors” who would simply distribute 1 SHIB across many wallets and then vote against proposals that may benefit the ecosystem. Shiba Inu’s Growth SHIB has tremendously grown since it launched in 2020, becoming one of the largest cryptocurrencies by market cap (currently 16th at the time of writing). As part of plans to continue to bolster the token, the team plans to maintain its deflationary nature as several SHIB tokens are set to be burned in a move that will decrease its supply. According to data from Shibburn, SHIB currently has a total supply of 589 trillion SHIB, with 410 trillion SHIB already burned from its initial supply of 999 trillion SHIB. This move is expected to increase SHIB’s value as a reduced circulation supply creates an increased scarcity, thereby making the token more valuable. However, the team is cautious about promising the community that SHIB’s price is bound to increase significantly in the future. Meanwhile, Shibarium’s success is also projected to help boost SHIB’s value, considering that increased trading activity on the layer-2 network invariably means more utility for the token. Wallets on Shibarium crossed over 100,000 just a day after it relaunched. Wallets on the network have surged massively since then, as there are over 1 million wallets created on the network, according to data from Shibarium Explorer. Featured image from SimpleTexting

The identity of the mind behind the Shiba Inu meme coin has been a long-standing crypto mystery since it first debuted in 2020. So far, there has been no concrete proof as to who it might be with guesses ranging from FTX’s Sam Bankman-Fried to Ethereum’s Vitalik Buterin. Despite having little success so far, crypto investigators have not given up as a new theory has popped up as to the creator behind Shiba Inu. Has The Shiba Inu Founder Been Identified? An X (formerly Twitter) user identified by the username @boringsleuth first drew attention on Thursday, August 1, after they posted an elaborate theory as to who the founder of Shiba Inu is. In this initial thread, the researcher put forward that there was not one but two founders behind the coin. Two names were put forward – Ryo Suzuki & Tsuyoshi Maruyama, a combination of which the researcher believes was used to make the widely known Ryoshi moniker. Interestingly, both of the people named were identified to be advisors of B2C2, a liquidity provider. This is where the investigator makes the connection to Shiba Inu. According to Boring Sleugh, the liquidity provider’s wallet once held 25% of the total SHIB supply in its wallet. Furthermore, they linked the two alleged founders together by pointing out that Tsuyoshi Maruyama had immediately taken over as an advisor for B2C2 when Ryo Suzuki stepped down from the role in 2021. A follow-up post from the researcher digs deeper into Suzuki’s past, tying him to an internship at Microsoft when SHIB was launched, as well as a visit to the infamous MIT media lab in 2019. Unveiling Shocking Connections After debuting the theories on Thursday, it seemed Boring Sleuth was not done as a continuation was posted on Friday morning. This time around, the on-chain sleuth presents theories that connect the alleged founder to prominent personalities and organizations. The first of these was a connection to Ethereum founder Vitalik Buterin through a series of transactions that connected the Shiba Inu deployer wallet to Buterin’s wallet. The wallet in question identified as “0x2135” was not only connected to Buterin, however. The sleuth lists out notable people and organizations the wallet has also been connected to in the tweet below: The infamous gifting of half the total SHIB supply to Vitalik Buterin is also called into question, which one X user refers to as “a massive money laundering scheme.” In response, Boring Sleuth says that the ‘gift’ was a 100% tax write-off for the Ethereum founder. “He captured all the value without moving price down 1 cent,” the researcher added. Despite how convincing Boring Sleuth’s theories have been for some, there is still no confirmation of who the SHIB founder(s) are. The sleuth alludes to this as well in their most recent tweet saying “If you don’t know, the Shib founder has yet to come out.”

The 13th installment of the LUNC burn mechanism covers July 31st, 2023, to August 30th. The community on the other hand has burned 74.22 billion LUNC tokens. Binance has burned 796 million Terra Classic (LUNC) tokens as part of its 13th LUNC burn batch. So far, the crypto exchange has burnt approximately 37 billion LUNC, while the community as a whole has burned over 74 billion LUNC. According to the transaction details on September 1st, the exchange transferred 796,000,000 Terra Luna Classic (LUNC) tokens to the burn address in an effort to reduce the circulating quantity of LUNC. There is also a 3.98 million LUNC transaction fee included. Significant Decline The 13th installment of the LUNC burn mechanism covers July 31st to August 30th, 2023. Binance burned 1.41 billion LUNC tokens last month. The burn rate has significantly declined amid recent outgoing of key management and market downturn. The community on the other hand has burned 74.22 billion LUNC tokens. This month’s LUNC burn can be primarily traced down to only two sources: the validator DFLunc and project TerraCasino. Additionally, LUNC volume has decreased as the community’s attention has shifted from LUNC to USTC repeg. Members of the community were taken by surprise when Binance’s LUNC burn fell below 1 billion. The L1 Terra Classic Task Force (L1TF) has finished preparing for the v2.2.0 core update of the chain, which is the next major release. The update was tested by the core development team on the rebels-2 testnet for a week before going live on the mainnet sometime later this month. The price of LUNC has been hit hard amid the general market downtrend and is presently trading at $0.00006047, down 2.28% in the last 24 hours. Highlighted Crypto News Today: Robinhood Plans Repurchase of $605.7M Worth Shares Linked to FTX