Bitcoin price started a fresh increase after XRP’s massive rally. BTC is trading above $31,400 and might rally if there is a close above $32,000. Bitcoin is moving higher above the $31,000 and $31,400 resistance levels. The price is trading above $31,000 and the 100 hourly Simple moving average. There was a break above a key contracting triangle with resistance near $30,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above $32,000. Bitcoin Price Starts Fresh Increase Bitcoin price was able to clear the $30,500 resistance zone. BTC started a fresh increase after a court ruling in favor of Ripple, stating XRP is not a security. There was a break above the $30,650 resistance. Besides, there was a break above a key contracting triangle with resistance near $30,700 on the hourly chart of the BTC/USD pair. The pair even climbed above the $31,400 resistance zone. A high is formed near $31,790 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the recent increase from the $30,217 swing low to the $31,790 high. Bitcoin is now trading above $31,000 and the 100 hourly Simple moving average. Source: BTCUSD on TradingView.com Immediate resistance is near the $31,600 level. The first major resistance is near $31,800, above which the price could gain bullish momentum. In the stated case, BTC might rise toward the $32,000 resistance. The next major resistance is near the $32,500 level. Any more gains could open the doors for a move toward the $33,200 resistance zone. Are Dips Supported in BTC? If Bitcoin fails to clear the $31,800 resistance, it could start a downside correction. Immediate support on the downside is near the $31,200 level. The next major support is near the $31,000 level or the 50% Fib retracement level of the recent increase from the $30,217 swing low to the $31,790 high, below which there could be a drop toward the $30,800 support zone. Any more losses might send the price toward the $30,550 level in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $31,200, followed by $31,000. Major Resistance Levels – $31,650, $31,800, and $32,000.

Ethereum price is up over 7% and trading above $2,000 against the US Dollar. ETH gained pace after XRP jumped over 80% and cleared $0.90. Ethereum is up over 7% from the $1,850 support zone. The price is trading above $1,980 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further toward the $2,050 and $2,120 resistance levels. Ethereum Price Aims Higher Ethereum’s price remained well-bid above the $1,850 zone. ETH started a decent increase after XRP surged over 50%. There was a move above the key $1,890 resistance zone. Many altcoins, including MATIC, SOL, BNB, and ADA gained handsomely in the past few hours. There was also a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH/USD. The pair gained over 7% and even surpassed the $2,000 resistance zone. A high is formed near $2,027 and the price is now consolidating gains. Ether is trading above $1,980 and the 100-hourly Simple Moving Average. It is also well above the 23.6% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high. Source: ETHUSD on TradingView.com On the upside, immediate resistance is near the $2,025 level. The first major resistance is near the $2,050 zone, above which the price could rise toward the $2,120 resistance zone. The next major resistance is near the $2,200 level. Any more gains could send Ether toward the $2,250 resistance or even $2,350. Are Dips Limited in ETH? If Ethereum fails to clear the $2,025 resistance, it could start a downside correction. Initial support on the downside is near the $2,000 level. The first major support is near the $1,980 level, below which the price might test the $1,945 level. It is close to the 50% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high. The next major support is near the $1,905 level. Any more losses could send Ether toward the $1,865 support level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,945 Major Resistance Level – $2,050

Bitcoin is flirting with $32,000 per coin, XRP just posted a 100% intraday rally, and suddenly cryptocurrency prices are green again. The sudden change is all part of a possible perfect storm brewing — one that leads to a dramatic recovery and new all-time highs sooner than most would expect. “Not A Security” XRP Victory Signals Relief In Crypto The idea that cryptocurrencies could recover at all in the recent macro environment has been scoffed at throughout 2023. Layer in the impact of the SEC putting pressure on the industry by labeling certain altcoins as securities, and few wanted to risk their money on digital coins. But that label was just removed from XRP, and that’s all it took to double in price in just one day. XRP has since given back some of that upside, but it’s a shocking enough move to get people to start paying attention to crypto again — especially altcoins. A rising tide also tends to lift all boats. And with Bitcoin staying buoyant above $30,000 per coin, Ethereum holding above $1,800, and the “ripple effect” happening in BTC dominance as a result of the XRP move, altcoins have already started to participate. The DXY And The Perfect Storm For Bitcoin So how is this set up to be a perfect storm? Cryptocurrencies have been in oversold conditions for an extended period, and order books are thinner today than they were in 2021. It won’t take much money coming in to begin to make prices move, per XRP’s example. Today alone, hundreds of other altcoins posted substantial gains, simply because XRP is no longer labeled a security. It caused an immediate rush into other altcoins which are at bear market lows and priced at a great value compared to 2021 ATHs. Given the previously mentioned macro landscape, many traders remain short Bitcoin and other coins, and could soon find themselves helping to push prices higher as they’re squeezed out of positions. Others aren’t short, but are sidelined and remains reluctant to buy in. This situation could result in chasing prices higher and higher. Finally, this perfect storm is capped off by inflation cooling, the stock market approaching ATHs, and the US Dollar weakening according to the DXY. The DXY just lost the 100-point level, which potentially sent a risk-on signal to financial markets. With all cryptocurrencies prices in USD as their base trading pair, a perfect storm is here that could cause prices to surge unstoppably higher.

The New “Dawn of DC” Collection Introduces the Mega Card, a Larger-Than-Life Trading Card that Unlocks a Bonus Redeemable Digital Collection SAN DIEGO–(BUSINESS WIRE)–#DawnofDC–In celebration of DC’s yearlong publishing initiative, “Dawn of DC,” featuring new comic books starring Superman, DC’s Titans, Shazam!, Green Arrow, Wonder Woman, Cyborg, The Penguin, Green Lantern, and many more, Cartamundi Group, the worldwide leader in playing cards, and Warner Bros. Discovery Global Consumer Products are proud to announce the newest collection of DC Hybrid Trading Cards by Hro that will be unveiled at San Diego Comic-Con 2023. The “Dawn of DC” Collection by Hro will be available at the Hro Booth (#435) and at the DC Booth (#4645) from Wednesday, July 19 through Saturday, July 23, providing convention attendees with an exclusive “first look” opportunity to obtain these highly anticipated hybrid trading cards. Following San Diego Comic-Con, collectors worldwide will then have a chance to purchase the new collection through a limited sale on shop.hro.gg on July 31…bringing this special assortment into the hands of everyone who couldn’t be there in person for the 2023 event. “At Cartamundi, we are dedicated to crafting playful products that will resonate with diverse communities,” says Tricia Bouras, Cartamundi Global Entertainment President, and CEO and President of the United States Playing Card Company of Cartamundi Entertainment. “The DC fandom is thriving, and this set was crafted with them in mind.” This 21-card collection features the Cartamundi brand’s newest innovation: the Mega Card, which represents the first time a physical Hro card will unlock a new digital collection. Once the Mega Card is scanned into the Hro mobile app, collectors will be able to redeem it for an all-new “Dawn of DC”: Titans Digital Pack, extending the collecting experience beyond just that initial hybrid pack opening and creating an outlet for even deeper immersion into the DC Multiverse with crafting opportunities and additional Rewards at stake. “We are excited to unveil the ‘Dawn of DC’ Collection at San Diego Comic-Con, the ultimate fan experience, to debut our latest innovations,” says Masha Ievseieva, Vice President of North America Marketing and Global Insights at Cartamundi. “Through the Mega Card, we are proud to introduce a new digital experience through a physical product, and it will delight DC fans.” How to Join the Hro Community DC Hybrid Trading Cards by Hro allow fans to collect designs showcasing iconic art from DC’s comic book history, including fan-favorite characters like Batman, Superman, Wonder Woman, and so many more. On the back of each physical trading card is a QR code that connects it to its digital “twin” on the Hro mobile app, which is validated and backed up by the security of blockchain technology. Once the physical and digital twins are linked, the Hro app and web platform then give buyers access to a global marketplace to buy, sell, and trade their way to a complete collection. This innovative model also plays host to a 360° fan engagement platform where users can compete to uncover the rarest cards, rise to the top of community leaderboards, and unlock the chance to win special rewards. Hro Rewards The Hro app plays host to a 360° fan engagement platform where users can compete to uncover the rarest cards, rise to the top of community leaderboards, and unlock the chance to win special Reward Cards. Among the Rewards up for grabs with this “Dawn of DC” Collection are the following: Completion Reward For anyone able to collect the entire 21-card set, they will receive a Mythic-tier card featuring DC’s “Future State” Trinity, which includes Yara Flor (Wonder Woman), Jace Fox (Batman), and Jon Kent (Superman)…a perfect complement to the existing Mythic-tier Trinity card in the “Dawn of DC” Collection that depicts DC’s traditional Wonder Woman, Batman, and Superman and ultimately connects to this Completion Reward in order to form a composite image. Leaderboard Rewards On top of the Completion Reward, there will also be two Reward Cards for the top 150 and top 300 “Dawn of DC” hybrid collectors in addition to a bonus Reward Card for the top 300 collectors who participate in the extra digital drop (“Dawn of DC”: Titans) unlocked by the Mega Card. Rewards are subject to the Hro Snapshot Rewards Program Terms and Conditions: https://hro.gg/hro-snapshot-rewards-terms/. For more information on Hro and DC Hybrid NFT Trading Cards, please visit www.hro.gg. Stay up-to-date with the latest news by following Hro on Discord, Twitter, Instagram and Facebook. About Hro The future of collecting is here. Hro is a unique platform designed for collecting and trading physical and digital cards. Get ready to unlock the Multiverse through DC’s iconic history of Super Heroes & Super-Villains. Hro trading cards help fans collect unforgettable artwork, access their collections on the go, and have fun and interact with other passionate fans around the globe. Hro offers proof of ownership and authenticity by creating an exciting way to experience more, connect more, and play more. About Cartamundi Entertainment At Cartamundi, we’re all united by our common belief that the world is better with play. Play is what keeps us going, and it has always been our greatest motivation. That’s why we live different, and play different. To us, it is not just an activity. It is a guiding mindset that reminds us to have fun, to be fair, to connect with people – across cultures and generations – and to embrace shared experiences. We are a worldwide leader in playing cards and in “play” solutions. Our owned brand portfolio includes a suite of heritage brands which go back as far as 1848, including global brands like Bicycle®, Bee®, Copag®, Shuffle® and many locally loved brands. These brands combine craftsmanship with innovation as the basis for their continued relevance and positive contribution to the local communities that love and use these brands. As we look into the future and how entertainment evolves, we are bringing the digital world to the physical world and vice versa. We have a dedicated team of experts that is looking into future technologies, products, applications that can get our consumers and communities to truly live different and play different. We are still a family-owned company with headquarters in Belgium and have a global network of offices, 5 manufacturing facilities, 3 design centers and 1 digital studio. About Warner Bros. Discovery Global Consumer Products Warner Bros. Discovery Global Consumer Products (WBDGCP), part of Warner Bros. Discovery Global Brands, Franchises, and Experiences, extends the company’s powerful portfolio of entertainment brands and franchises into the lives of fans around the world. WBDGCP partners with best-in-class licensees globally on award-winning toy, fashion, home décor and publishing programs inspired by the biggest franchises from Warner Bros.’ film, television, animation, and games studios, HBO, Discovery, DC, Cartoon Network, HGTV, Eurosport, Adult Swim, and more. With innovative global licensing and merchandising programs, retail initiatives, and promotional partnerships, WBDGCP is one of the leading licensing and retail merchandising organizations in the world. About DC: DC, part of Warner Bros. Discovery, creates iconic characters and enduring stories and is one of the world’s largest publishers of comics and graphic novels. DC’s creative work entertains audiences of every generation around the world with DC’s stories and characters integrated across Warner Bros. Discovery’s film, television, animation, consumer products, home entertainment, games, and themed experiences divisions, and on the DC Universe Infinite digital comic subscription service. Learn more at DC.com. Contacts [email protected]

Remote-First-Company/SARASOTA, Fla.–(BUSINESS WIRE)–Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today that it will publish its second quarter 2023 shareholder letter, including financial results, on its Investor Relations website at investor.coinbase.com on Thursday, August 3, 2023, after market close. The Company will hold a question and answer session to discuss its financial results at 2:30 p.m. PT that same day. Starting on July 27 at 9:00 a.m. PT, all shareholders will be able to submit and upvote questions for Coinbase management by visiting here. This Q&A platform will remain open until 24 hours before the earnings call. Shareholders can email [email protected] for any support inquiries. To register for the webcast, please use this link. A live webcast of the call will be available on the Investor Relations website at investor.coinbase.com. Following the call, a replay of the call, as well as a transcript, will be available on the same website. Disclosure Information Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our Twitter feed (@coinbase), our Facebook page, our LinkedIn page, our YouTube channel, and Brian Armstrong’s Twitter feed (@brian_armstrong) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. 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. Contacts Press: [email protected] Investor Relations: [email protected]

In a significant legal victory for Ripple, the Southern District of New York has ruled that the company’s programmatic sales and other distributions of XRP did not constitute an offer and sale of investment contracts. However, the court found that Ripple’s institutional sales of XRP did constitute an unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act. According to analyst Adam Cochran, the ruling is mostly excellent news for Ripple and XRP, providing greater regulatory clarity and paving the way for increased cryptocurrency adoption. The court found that sales to users via exchanges “were fine” if they were conducted through order books and not ICO/IEO/Launchpad-like platforms. Other activities, such as bounties, investments in others using XRP, grants using XRP, and transfers to executives in XRP, were also not considered securities. XRP has long been considered one of the more centralized foundations in cryptocurrency, with a key figurehead and standard sales via exchanges. According to Cochran, the court’s ruling suggests that if XRP is not a security, then neither are Bitcoin or Ethereum. Furthermore, Cochran believes The ruling is also a win for exchanges, as it suggests that all selling will flow through public order books again, with no more billions in convertible funding rounds early on. This could make it easier for investors to trade XRP and other cryptocurrencies on regulated exchanges. XRP Price Rises As Ripple Wins Legal Battle Against SEC The recent ruling in favor of Ripple represents a significant legal victory, and the market has positively received the news. XRP’s price has notably increased since the ruling, with the cryptocurrency experiencing gains of over 33% in the hours following the announcement. What’s more, Institutional investors have been cautious about investing in XRP due to the ongoing legal battle with the SEC, which has created uncertainty around the regulatory status of the cryptocurrency. The recent ruling provides greater clarity and certainty, which could help to alleviate some of these concerns and make XRP a more attractive option for institutional investors. As of the time of writing, XRP has reached a significant milestone by hitting the $0.6324 mark, which has not been achieved since May 2022. This new yearly high is a positive indication of the cryptocurrency’s continued uptrend. The ADX, a technical indicator that measures the strength of a trend, is currently spiking to the upside, suggesting a potential continuation of XRP’s upward momentum. XRP’s squeeze-bear momentum indicator also shows the beginning of a significant move to the upside, indicating that the cryptocurrency may be poised for further gains. These factors could be the perfect ingredients for XRP to reach the $1 mark. Despite the cryptocurrency’s optimism, XRP faces two major resistance levels shortly. The first resistance wall is $0.7769, which could be the first obstacle to the $1 mark. The second, more challenging wall is the $0.8627 level, which has not been reached since the first quarter of 2022. This surge in price marks a significant turnaround for XRP, which had been struggling in the wake of the SEC lawsuit. The ruling is likely to positively impact investor sentiment, as it provides greater clarity and certainty around the regulatory status of the token. Featured image from Unsplash, chart from TradingView.com

Ripple is best known for its XRP cryptocurrency and global payments network, but it is now setting its sights on the tokenized assets market. In its 2023 New Value report, the company believes blockchain technology can unlock trillions of dollars of value in the global financial system by tokenizing real-world assets like stocks, bonds, and real estate. Ripple Wants To Get In On The Action Tokenized digital representation of assets like stocks, bonds, real estate, art, and commodities provide more efficiency, liquidity, and accessibility on DeFi protocols. And Ripple has big plans for the tokenized assets market. The company believes that the tokenization of global illiquid assets could be a $16 trillion business opportunity by 2030. So to position itself, Ripple is building tools and services for tokenizing assets and facilitating blockchain-based trading. Earlier this month, the company’s CBDC advisor, Anthony Welfare, posted on Twitter that Ripple’s CBDC team is focusing on real-world use cases for a CBDC or stablecoin on Ripple’s CBDC Platform. This will allow users to tokenize real estate as collateral for loans. Recently, the Hong Kong Monetary Authority invited Ripple Labs to participate in a pilot initiative for the tokenization of real estate assets. According to the company, its CBDC Platform was selected to assist the HKMA in creating a tokenization solution that records e-HKD real estate transactions on a secure and private ledger using its CBDC Platform – a new private ledger distinct from the XRP Ledger. Coincidentally, Ripple is not the only entity seeing growth in this niche of the industry. According to the Boston Consulting Group, tokenized illiquid assets can reach $16.1 trillion by 2030. Around 72% of finance decision-makers expect to explore tokenization as a way to drive innovation over the next three years. A survey of 300+ global institutional clients by Celent showed reported 97% of respondents agree that tokenization will revolutionize asset management and would be good for the industry. XRP Standing Strong Ripple has faced uncertainty in the past due to an ongoing legal battle with the SEC. Despite the unclear regulatory environment, Ripple continues expanding into new areas, like the tokenized assets sector. Today, Ripple secured another win as United States District Judge Analisa Torres ruled in partial favor of Ripple, saying that XRP sales on public cryptocurrency exchanges were not offers of securities under the law. However, the judge also remarked that Ripple Labs Inc. violated federal securities legislation in its sales of XRP directly to major investors, and a jury must decide the involvement of CEO Brad Garlinghouse and Chairman Chris Larsen. Following the ruling, the price of XRP has surged over 60% to trade at $0.76 at the time of this writing.

XRP price skyrocketed 2x after a recent legal victory against SEC Ripple’s legal victory could propel XRP’s price to hit $3 XRP, the digital asset associated with Ripple, has experienced a significant surge in price following a recent legal victory against the United States Securities and Exchange Commission (SEC). As a result, XRP has climbed to become one of the top four cryptocurrencies in the world based on market capitalization. XRP Climbed Top 4 Crypto In The World (Source: CoinMarketCap) Following the resolution of its legal battle with the SEC, XRP witnessed a staggering 88% surge in its price. This substantial increase demonstrates the market’s positive response to the news, as investors and traders embraced the newfound clarity surrounding the regulatory status of XRP. The victory against the SEC has had a transformative impact on XRP’s market position, propelling it to join the ranks of the world’s most valuable cryptocurrencies. With its newfound surge in price and market capitalization, XRP has solidified its position as one of the leading digital assets, standing alongside other prominent cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). The resolution of the legal case with the SEC has brought renewed confidence in XRP among investors, with many seeing it as a positive milestone for the wider cryptocurrency industry. The outcome has provided clarity on the regulatory landscape for XRP, fostering an environment of increased trust and potential for further adoption. Will XRP Hit $3 Soon? XRP’s climb to the top four cryptocurrencies worldwide is not only a testament to its recent legal victory but also to its unique features and utility within the cryptocurrency ecosystem. XRP offers fast and low-cost cross-border transactions, making it an attractive option for individuals and institutions seeking efficient international remittance solutions. XRP Price Chart (Source: TradingView) As the market reacts to this positive development, many investors and analysts are questioning whether XRP’s newfound clarity and regulatory resolution will drive its value to reach $3. The legal victory has not only restored confidence in the cryptocurrency but also opened doors to potential opportunities for growth. As the market dynamics evolve, the XRP price prediction becomes a focal point for market participants who closely monitor its price trajectory and eagerly speculate on the potential of reaching the $3 milestone. With ongoing developments in the market, investors and analysts engage in price prediction exercises to anticipate the potential movement of XRP and its likelihood of reaching the coveted $3 mark.

FTX Japan has begun a recruitment push to grow its workforce and advance the FTX 2.0 plan. By the end of the second quarter of 2024, the FTX team hopes to have relaunched the exchange. To further the FTX 2.0 project, FTX Japan is on the lookout for fresh talent. New crypto tools, non-custodial CEX trading, Proof of Solvency, and market-leading crypto derivatives are among the goals of the exchange as it examines cutting-edge technology like AI. FTX 2.0 Relaunch FTX Japan’s COO Seth Melamed has spearheaded a recruiting push that demonstrates the company’s dedication to moving the FTX 2.0 program forward. In May, it was reported on FTX’s new CEO John Ray’s ambitions, which revealed the exchange’s 2.0 relaunch. FTX froze all withdrawals suddenly last year before collapsing under the weight of its financial obligations. On November 11th, 2022, it filed its bankruptcy paperwork. Nearly 2 million clients were left with outstanding balances as a result of the consequences. Around 130 firms affiliated with the FTX group filed for bankruptcy last year after a liquidity crisis hit the industry. Voyager Digital, BlockFi, Celsius, and Three Arrows Capital are just a few examples of well-known companies that failed. On the other hand, former FTX CEO Sam Bankman-Fried vehemently refuted the several claims filed against him. Recently, the legal team aiming to recover investor assets from FTX claims that the collapsed cryptocurrency exchange spent roughly $400 million on the purchase of Swiss business Digital Assets AG (DAAG), which became FTX Europe. The plaintiffs are trying to recover their purchase costs. Highlighted Crypto News Today: Binance Promotes Eleanor Hughes to the Position of General Counsel

TOKYO–(BUSINESS WIRE)–Metaverse advanced technology research organization “MATRIX GENESIS LABS” operated by MetaReal Group’s MATRIX Corp. (Head office: Chiyoda-ku, Tokyo; Representative Director: Junichi Goishi; hereinafter “MATRIX”) released the beta version of ‘Genesis,’ the company’s Metaverse World Generative AI system ( https://speech2world.com ) on July 13, 2023. [Regarding the beta version release of ‘Genesis’] The beta version of ‘Genesis’ is a technical verification edition of the generative AI system that automatically creates photorealistic Metaverse spaces. You can experience the generation of Metaverse worlds (virtual spaces) through simple spoken language or text prompts (Speech to World). Please note that the beta version is only available on PC. [Invitation System] Due to the high computational power required for this technology, the beta version will initially be released on an invitation-only basis. Invitation codes will be sent to users who register through the following website, in sequential order: >> https://speech2world.com << There is also a limit on the number of simultaneously generated worlds by multiple users, and a queuing system has been implemented to address this. If the number of simultaneously generated worlds exceeds the limit, users will be placed in a waiting queue. Moving forward, while monitoring user usage patterns, the computational capacity of the system will be expanded to accommodate more users. [Future Developments] As the next step in the technical verification following the beta version release on PC, functionality to experience the system using a VR headset is expected to be added. [Introductory Video] View the introductory video here: https://youtu.be/Qc9852xkzmQ [About MATRIX Inc.] Established in September 2020 as a subsidiary of MetaReal Corp. (formerly Rozetta). Developed reality Metaverse platform “DOKODEMO Door” with the corporate vision of “Eliminating disparities and discrimination in the old reality, such as borders, language barriers, physical differences, knowledge gaps, and all other handicaps.” The company operates the reality Metaverse platform “DOKODEMO Door.” https://dokodemodoors.com/en/ Company name: MATRIX Inc. URL: https://www.matrix.inc/?lang=en Location: New Kudan Building, 3-7-1 Kanda Jimbocho, Chiyoda-ku, Tokyo Representative: Junichi Goishi, Representative Director [About DOKODEMO Door] DOKODEMO Door is a reality “Metaverse space sharing platform” where users and creators (“Metaversers”) can come together to meet new people, gather with friends and family, share experiences, learn new skills and enjoy Metaverse spaces together. https://dokodemodoors.com/en/ Anyone can easily create a World (VR Metaverse space) and hold free or paid Events in which users from around the globe can take part using a VR headset, PC or smartphone. DOKODEMO Door’s Metaverse spaces offer a variety of experiences and events including travel, live music, karaoke, relaxing therapy, etc. When a user enters a space using a VR headset, it feels just like being in the real world. The DOKODEMO Door platform features real-time AI translation, where conversations between users are instantly translated and displayed in their language. [About MATRIX GENESIS LABS (MGL)] The Metaverse advanced technology research organization “MATRIX GENESIS LABS (MGL)” imagines how various advanced technologies such as artificial intelligence and Web3 will affect the way people live in the Metaverse space in the future. MGL is a prototyping team that will continue to publish “touchable visions” at high speed by experimentally integrating and implementing these conceptual technologies while they are still at the earliest stage. [About MetaReal Corp.] Corporate mission: “Liberate mankind from the limitations of place, time, language, and the physical” AI, AR (Augmented Reality), VR (Virtual Reality), 5G/6G/7G (high-speed, large-capacity, multiple simultaneous connection communication), 4K/8K/12K (super-resolution video), video distribution By integrating the latest technologies such as solutions, wearable devices, robots, and HA (Human Augmentation), people from all over the globe can interact, live, work, and enjoy their lives “anytime, anywhere, and with anyone without the impediment of language.” The company aims to realize the goal of “global ubiquitous.” For the last three years, MetaReal has been focusing on the “Metaverse business” as a growth field, handled by group company MATRIX Inc. (“DOKODEMO Door”). Company name: MetaReal Corp. URL: https://www.metareal.jp/?language=en Location: New Kudan Building, 3-7-1 Kanda Jimbocho, Chiyoda-ku, Tokyo Representative: Junichi Goishi, Representative Director Established: February 2004 Business description: Language barrier-free services through AI translation; planning, development and operation of VR life services Contacts [Inquiries regarding this matter] MATRIX Inc. Public relations E-mail: [email protected]

Hughes with almost 15 years of expertise, has worked with Binance since November 2021. She will be in charge of 85 attorneys as part of her new position. After the departure of Han Ng, Binance hired Eleanor Hughes to fill the position of general counsel. Last week, not only Ng, but also the chief strategy officer of Binance Patrick Hillmann, and the senior vice president of compliance at the cryptocurrency exchange, Steven Christie, resigned from their positions, leading to rumors of an impending internal crisis. Christie wrote his statements outlining the personal reasons that forced him to take a leave from his work, amid rumors of unrest. What’s more, the former SVP praised the company’s compliance initiative. The leading cryptocurrency trading platform is embroiled in a number of lawsuits, including those brought by the CFTC and the SEC of the United States. In-charge of 85 Attorneys Hughes, a lawyer with almost 15 years of expertise, has worked with Binance since November 2021. According to a statement released by the exchange, Hughes will be in charge of 85 attorneys as part of her new position and will collaborate closely with the company’s Compliance team. When asked about Hughes’ status, Binance CEO CZ said, she “has grown to be a trusted advisor to himself and the team on legal matters.” The CEO stated: The business said that the new general counsel was instrumental in securing virtual asset service provider licenses and registrations, an issue that has recently been at the center of lawsuits involving crypto exchanges. Highlighted Crypto News Today: Ripple Wins as U.S Court Rules XRP Not a Security; Price Up 35%!!

On July 13, Ripple triumphed significantly in the United States District Court for the Southern District of New York on the XRP case. Judge Analisa Torres ruled in favor of Ripple in a case originally initiated by the Securities and Exchange Commission (SEC) in 2020. In recently filed documents on July 13, Judge Torres issued a summary judgment, decisively supporting payment company Ripple and its claim over the SEC. The judgment affirms that XRP token sales made by the payment company, at the center of the case, are not classified as a security. The decision immediately impacted the XRP price, which surged over 35% in the wake of the ruling. The ruling cleared a substantial part of Ripple’s operations from being targeted by the SEC’s crackdown. The court’s decision acknowledged that the Programmatic Sales and sales made by Ripple executives Chris Larsen and Brad Garlinghouse do not qualify as investment contracts. However, the ruling only partially resolves the legal dispute with the SEC. The court has invalidated the investment contract designation for Programmatic Sales and other forms of distributions, but other items remain disputed. The value of XRP has surged from $0.45 to $0.62. This price surge has caused XRP to reach a yearly high. The coin attained this price level in early May of the preceding year. XRP Price Analysis: One-Day Chart On the daily chart, XRP has experienced an impressive 34% increase, trading at $0.62. Over the week, XRP has gained nearly 30%. However, as of the time of writing, the token was considered oversold. It suggests that a price retracement may be possible in the upcoming trading sessions. In the past, when XRP reached $0.60, the price suffered a sharp drop shortly after that. The coin faces overhead resistance at $0.67. Moving above this level could help XRP retain its gains for longer. If there is a price pullback, the first line of support is $0.57. A drop below this level would take XRP down to $0.50. The technical outlook indicates excessive bullish strength, with demand and accumulation showing significant positivity. The Relative Strength Index is above 80, which suggests that the token is overbought and overvalued, increasing the likelihood of a price retracement. However, demand is expected to remain positive if the price stays above the 20-Simple Moving Average line (red), which coincides with the $0.58 price mark. The Moving Average Convergence Divergence reflects price momentum and trend reversals and shows a tall green histogram, indicating a signal to buy. The next few trading sessions will be critical for XRP.

Over the last day, the price of the Polygon native token, MATIC, has been on the rise, pushed upward by a single upgrade proposal. With the proposal gaining traction, will the price continue to rise, and is it too late to buy MATIC? New Proposal To Change MATIC To POL In an interesting turn of events, Polygon founders have suggested an overhaul of the Layer-2 blockchain’s native MATIC token in favor of a new token. The proposal involves upgrading the current token in an effort to change and improve its capabilities, which transcends just its native chain to other chains. A new token name (POL) was proposed in lieu of MATIC, which much better reflects the Polygon name. The upgrade is centered on this POL token which would allow for better scalability as well as help to bring more rewards for Polygon’s validators. The token would be operable across all Polygon networks, such as Polygon’s main blockchain and Polygon’s zkEVM, in addition to other supernets that run on Polygon. Polygon says it plans to create three new layers of rewards for its validators, including transaction fees, protocol rewards, as well as other rewards to be made available to validate across multiple chains. Basically, the POL token will be to incentivize the validators who help to secure the network. The proposal by the founders is yet to pass as the Polygon community will still need to vote on it. However, if it does pass, the founders have proposed that all MATIC holders will be provided up to four years to exchange their tokens for POL. Polygon Token Price Soars Following the announcement of this proposal, the price of Polygon’s MATIC token has responded positively. The token which had been trading sideways for most of this week quickly saw a reversal and recorded over 5% in daily gains. MATIC’s gains so far have seen it emerge as the second-highest gainer on Coinmarketmap, following behind SingularityNET’s AGIX. The price has now moved from trending below $0.73 to sitting firmly above $0.76 at the time of this writing. However, despite the price increase, the price of MATIC still sits considerably lower than it did five months ago. Given that its price is sitting almost 50% lower than its February high of $1.5, this could present an opportunity to take advantage of MATIC’s low price. If the proposal passes, then it could be bullish for the digital asset, as already demonstrated over the past day. And if the crypto market continues to recover, then MATIC could be looking toward breaking the $1 resistance in the near term.

Glassnode’s tweet reveals insights on Bitcoin’s price correction and the supply dynamics during the dip to $25,000. A pattern emerges when comparing supply levels in recent and previous cycles, highlighting the repetitive nature of Bitcoin’s market cycles. The $30,000 price level acts as a critical mid-point in the recent cycle, with approximately 75% of the total supply in profit and 25% in a loss. In a recent tweet by Glassnode, an on-chain analytics platform, intriguing insights were shared about the recent correction in Bitcoin’s price. The data highlighted the magnitude of supply acquired during the dip to $25,000, shedding light on the dynamics between supply in profit and supply in loss. Furthermore, a peculiar pattern emerged when comparing these levels to previous cycles, adding an intriguing layer to the analysis. This article delves into the details presented in the tweet, examining the repetitive nature of Bitcoin’s market cycles and the significance of certain price levels. Supply in Profit and Supply in Loss According to Glassnode’s tweet, during the recent correction, approximately 2.47 million BTC, equivalent to 12.7% of the total supply, transitioned from being in a loss to being in a profit. Conversely, the supply held ‘in loss’ decreased to a mere 4.79 million Bitcoin. This decline brought the supply in loss to levels similar to those observed in July 2021 ($30,000), July 2020 ($9,200), April 2016 ($6,500), and March 2016 ($425). The reduction in the supply held in loss indicates that a significant portion of Bitcoin holders regained a profitable position during the recent price recovery. The first midpoint was observed during the 2013-2016 cycle at the $425 level, while the second occurred in the 2018-2019 cycle at approximately $6,500. Notably, these levels coincide with the points where a comparable volume of supply was held in a loss. The $30,000 ‘Mid-Point’ and Market Dynamics: In the most recent cycle, the $30,000 price level acted as a crucial mid-point, being tested multiple times from both above and below. Glassnode’s analysis reveals that as the market consolidates below this level, approximately 75% of the total supply is currently in profit, while the remaining 25% is held in a loss. Interestingly, this distribution mirrors the balance reached when Bitcoin price approached mid-points in both 2016 and 2019. While historical patterns cannot guarantee future outcomes, they offer valuable context for investors and analysts seeking to navigate the ever-evolving cryptocurrency landscape.

Bullish HNT price prediction for 2023 is $2.004 to $3.548. Helium (HNT) price might reach $5 soon. Bearish HNT price prediction for 2023 is $0.687. In Helium (HNT) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about HNT to analyze the future movement of the cryptocurrency. Helium (HNT) Current Market Status Current Price $1.62 24 – Hour Trading Volume $11,635,323 24 – Hour Price Change 12.22% up Circulating Supply 143,934,821 HNT All – Time High $55.22 (On Nov 12, 2021) HNT Current Market Status (Source: CoinGecko) What is Helium (HNT)? Helium (HNT) is the native utility token of Helium, a decentralized wireless Internet-of-things (IoT) network. HNT was launched in 2019. The token was created based on a burn-and-mint equilibrium (BME) model. HNT are burnt and converted to Data Credits (DCs) that users hold to access and use the network. Helium operates on a proof-of-coverage (PoC) consensus algorithm. PoC relies on Honey Badger Byzantine Fault Tolerant (HBBFT). With this algorithm, the transactions are encrypted by a shared public key and can only be decrypted by an elected consensus group. HNT tokens can be mined through ‘hotspots’, wireless devices that use radio waves. Miners mine HNT and create network coverage for IoT devices. Also, the network aims to achieve decentralized IoT communication. Helium (HNT) Price Prediction 2023 Helium (HNT) ranks 125th on CoinMarketCap in terms of its market capitalization. The overview of the Helium price prediction for 2023 is explained below with a daily time frame. HNT/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Helium (HNT) laid out a horizontal channel pattern. A horizontal Channel pattern is also known as a sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Helium (HNT) was recorded at $233.1. If the pattern trend continues, the price of HNT might reach the resistance levels of $2.015, and $3.493. If the trend reverses, then the price of HNT may fall to the support of $1.547, and $1.158. Helium (HNT) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Helium (HNT) in 2023. HNT/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Helium (HNT) for 2023. Resistance Level 1 $2.004 Resistance Level 2 $3.548 Resistance Level 3 $1.174 Support Level $0.687 HNT Support & Resistance Level As per the above analysis, if Helium’s (HNT) bulls take the lead, it might hit and break through its resistance level of$3.548. Conversely, if Helium’s (HNT) bears dominate the trend, the price of HNT might plunge to $0.687. Helium (HNT) 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 Helium (HNT) are shown in the chart below. HNT/USDT RVOL, MA, RSI (Source: TradingView) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. The resulting ratio is known as the “relative volume,” which can help traders identify unusual trading activity and changes in market sentiment. High relative volume readings suggest that there is increased interest in the asset, which may indicate a potential trend reversal or breakout. Conversely, low relative volume readings may indicate a lack of interest or a consolidation period. At the time of analysis, the RVOL of Helium (HNT) was below the cutoff line, denoting weak participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above its 50MA, it is considered to be in an uptrend (bullish), if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the HNT price lies above 50 MA (short-term), indicating its uptrend. Hence, it can be concluded that HNT is in a bullish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). This analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value is expressed as a number between 0 and 100, with readings above 70 indicating an overbought state and readings below 30 indicating an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the direction of a trend. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI reaches an oversold reading of 30, it may suggest that the asset could potentially reverse direction. Markedly, during analysis, the RSI of HNT is at 70.56. This denotes that HNT is neither in an overbought nor oversold state. Helium (HNT) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Helium (HNT) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). HNT/USDT ADX, RVI (Source: TradingView) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of HNT lies in the range of 21.731 pointing out a weak trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of HNT lies below 50, indicating low volatility. Comparison of HNT with BTC, ETH Let us now compare the price movements of Helium (HNT) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs HNT Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of HNT is similar to BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of HNT also increases or decreases respectively. Helium (HNT) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, Let us predict the price of Helium (HNT) between 2024 and 2030. Helium (HNT) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Helium (HNT) might successfully test and surpass its resistance levels to hit $6 by 2024. Helium (HNT) Price Prediction 2025 The significant upgrades in the Helium Ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Helium (HNT) price to reach $6.5 by 2025. Helium (HNT) Price Prediction 2026 If Helium (HNT) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $7. Helium (HNT) Price Prediction 2027 Helium (HNT) might sustain major resistance levels and continue to be recognized as a good investment option. If it stands so in the market, HNT would rally to hit $7.5. Helium (HNT) Price Prediction 2028 If Helium (HNT) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, HNT would hit $8 by 2028. Helium (HNT) Price Prediction 2029 If investors flock in and continue to place their bets on Helium (HNT) , then the crypto would witness major spikes. Hence, HNT might hit $8.5 by 2029. Helium (HNT) Price Prediction 2030 If the trend momentum aligns in favor of Helium, then the HNT price is expected to rally to $9 by 2023. Furthermore, HNT would hold a positive market sentiment and be recognized as a long-term investment with highly profitable ROI. Conclusion If Helium (HNT) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Helium (HNT) price prediction for 2023 is $3.548. Relatively, the bearish Helium (HNT) price prediction for 2023 is $0.687. If there is a positive elevation in the market momentum and investors’ sentiment, Helium (HNT) might hit $5. With future upgrades and advancements in the Heliume ecosystem, HNT might surpass its current all-time high (ATH) of $55.22 on November 12, 2021, and mark its new ATH. FAQ 1. What is Helium (HNT)? Helium (HNT) is the native utility token of Helium, a decentralized wireless Internet-of-things (IoT) network. 2. Where can you buy Helium (HNT)? Traders can trade Helium (HNT) on the following cryptocurrency exchanges such as Binance, and KuCoin. 3. Will Helium (HNT) record a new ATH soon? With the ongoing developments and upgrades within the Helium platform, Helium (HNT) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Helium (HNT)? Helium (HNT) hit its current all-time high (ATH) of $55.22 On November 12, 2021 5. What is the lowest price of Helium (HNT) ? According to CoinMarketCap, HNT hit its all-time low (ATL) of $0.2534 on June 10, 2020. 6. Will Helium (HNT) hit $5? If Helium (HNT) becomes one of the active cryptocurrencies that majorly maintain a bullish a trend, it might rally to hit $5 soon. 7. What will be the Helium (HNT) price by 2024? Helium (HNT) price might reach $6 by 2024. 8. What will be the Helium (HNT) price by 2025? Helium (HNT) price might reach $6.5 by 2025. 9. What will be the Helium (HNT) price by 2026? Helium (HNT) price might reach $7 by 2026. 10. What will be the Helium (HNT) price by 2027? Helium (HNT) price might reach $7.5 by 2027. Top Crypto Predictions Ripple (XRP) Price Prediction 2023 Litecoin (LTC) Price Prediction 2023 eCash (XEC) 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.

Judge Torres agreed with Ripple Labs’ position that the XRP coin is not a security. The announcement caused the price of XRP to spike from $0.45 to $0.63. In a lawsuit brought up by the Securities and Exchange Commission (SEC) in 2020, Ripple Labs triumphed on July 13 in the United States District Court for the Southern District of New York, when Judge Analisa Torres ruled in favor of the firm. Documents submitted on July 13 indicate that Judge Torres agreed with Ripple Labs’ position that the XRP coin is not a security and issued a summary decision in their favor. Claiming that XRP constituted a security that needed further regulation, the SEC filed an action against Ripple to prevent it from selling XRP tokens. Crypto Community Celebrates The announcement caused the price of XRP to spike from $0.45 to $0.63 shortly. At the time of writing, this is a gain of nearly 35.09% for the token. The SEC filed suit against Ripple and its two CEOs, Brad Garlinghouse and Chris Larsen, in December 2020 on the grounds that the business was issuing unregistered securities. There has been plenty of dramatic interest in this case over the last three years, from the emergence of the “Hinman Documents” through Garlinghouse’s continued resistance in the face of charges from the SEC. The general mood in the crypto world seems to be one of celebration, as seen by the XRP token’s noticeable movement on the news. Highlighted Crypto News: Former Celsius CEO Alex Mashinsky Arrested Amid Ongoing Investigation

Shiba Inu sees notable growth in new users and token burn activity. Influx of New Users Impressive influx of new users into the Shiba Inu ecosystem. Shibarium testnet experiences significant surge in transaction activity. Data shared by CryptEye portal reveals noteworthy developments in the growth of the Shiba Inu meme coin, particularly in terms of new user acquisition and token burns. Additionally, Bitrue crypto exchange has introduced a SHIB staking pool, allowing customers to stake LEASH and BONE and earn up to 10% APY. The Shiba Inu ecosystem has experienced a significant influx of new users, as reported by CryptEye. In the span of one month, the number of new users has surged to 10,589, while over the past three months, the inflow amounted to 25,271. Notably, in the past year, a remarkable 338,533 new holders have joined SHIB. In the most recent day alone, approximately 900 new SHIB holders joined, marking a significant milestone in the adoption of this prominent meme cryptocurrency. Shibarium testnet hits new milestones Recent data from the Puppyscan explorer indicates a significant surge in transaction activity within the Shibarium testnet. Over the course of just a few days, the total number of transactions has experienced a rapid increase, with several million new transactions being added. Comparing the current count to two days ago, the total transaction count has risen by approximately two million, reaching a current count of 29,287,081 SHIB transactions. Additionally, the price of Bone ShibaSwap (BONE), which serves as the gas token powering transactions on Shibarium, has demonstrated notable fluctuations and upward movements throughout the week.

US government officials’ skepticism towards crypto contrasts with personal investments. Regulatory scrutiny challenges the crypto industry, but resilience and interest resist. In 2023, the cryptocurrency industry witnessed a notable chapter in its history, particularly within the United States. While the SEC’s rigorous actions against major exchanges and coins have created a challenging environment, the impact has been far-reaching. Amidst the market’s roller coaster ride, the struggle to reach a bullish trajectory remains evident. Meanwhile, within the realm of US cryptocurrency, two contrasting forces emerge: government officials who exhibit animosity towards cryptocurrencies and those who paradoxically hold digital assets, including influential senators who support the rise of these blockchain-based currencies. As the dominant economic power globally, every move by the United States government carries significant weight. While authorities emphasize the importance of safety and employ strict measures, cryptocurrency users display resilience and unwavering support, ensuring the US remains a top contender in terms of crypto adoption. US Government’s Regulatory Scrutiny The US Securities and Exchange Commission (SEC) has been at the forefront of regulatory actions against major exchanges and coins. Lawsuits were filed against prominent crypto titans such as Binance and Coinbase, accusing them of securities violations, unregistered offers, and sales of tokens. These legal battles have intensified regulatory scrutiny globally, raising concerns and uncertainties within the cryptocurrency industry. Looking back , Ripple Labs, along with its co-founder and CEO, faced a lawsuit from the SEC, alleging an unregistered securities offering through the sale of XRP tokens. And The SEC filed charges against Binance, accusing the exchange of allowing high-value US customers to trade on the platform and exerting control over customer assets. Impact The lawsuits against major exchanges and the ongoing legal battles contribute to increased uncertainty and decreased confidence in the cryptocurrency sector. Trust issues arise between the crypto community and regulatory authorities, further complicating the regulatory landscape. The outcome of these legal proceedings will have far-reaching implications. FOMC’s Impact on Crypto Market Sentiment The Federal Open Market Committee’s decisions regarding interest rates and economic growth indirectly influence cryptocurrency values. Rate hikes can prompt investors to retreat from risky assets, including cryptocurrencies, seeking stability. Conversely, positive economic projections and inflation concerns may reignite confidence in venturesome investments like cryptocurrencies. The FOMC’s battle against rising inflation and its efforts to anchor inflation back to its 2% objective could impact the appeal of cryptocurrencies as inflation hedges. What’s Behind The US Curtain ? Despite the expressed skepticism, several US government officials have been found to hold cryptocurrencies themselves. This paradoxical situation raises questions about their personal beliefs and motivations. It suggests that while they may publicly criticize cryptocurrencies, they recognize their potential value and investment opportunities. Just recently, there have been notable instances of government officials holding cryptocurrencies, revealing a contrasting picture. One such example involves presidential candidate Robert F. Kennedy Jr., who had previously denied being a bitcoin investor but was found to have holdings exceeding $250,000 in a recent financial disclosure. Additionally, SEC chairman Gary’s past application to Binance highlights his personal interest in cryptocurrencies, despite public criticism. Furthermore, members of Congress have also disclosed their investments in cryptocurrencies, with some going a step further to advocate for more transparent regulations. These disclosures suggest that these officials recognize the long-term potential of digital currencies. In summary, these instances reflect a complex and nuanced relationship between government officials and cryptocurrencies Conclusion The US government’s stance on cryptocurrencies remains complex, with regulatory actions and personal investments revealing a dual nature. While regulatory scrutiny continues to pose challenges for the crypto industry, the resilience of crypto users and the ongoing investments in digital assets suggest a broader acceptance and interest in the digital revolution.

Circle, the company behind the USDC stablecoin, has recently laid off a portion of its workforce amid a turbulent year for the digital asset industry. According to the company, the recent layoffs aimed to maintain a strong balance sheet. And by streamlining its workforce and reducing costs, the company may be better positioned to weather the challenging market conditions. Circle has characterized the recent layoffs as a marginal reduction in headcount, which is part of a broader effort to reduce operational expenses and discontinue investments in non-core activities. According to the Reuters report, a Circle spokesperson said that: Circle Had Expressed Plans To Expand The Workforce Earlier The recent news of Circle’s workforce reduction comes as a surprise, given that the company’s finance chief, Jeremy Fox-Green, had announced earlier this year that the USD Coin issuer had other plans. Fox-Geen mentioned that Circle had plans to increase this headcount by 15% to 25% by the end of the year, which would have added to its 900-employee workforce. Despite the recent workforce reduction, Circle has indicated that it is still actively recruiting for “key areas of focus.” Related Reading: Celsius Takes Legal Action Against StakeHound For Withholding $150 Million Fox-Green said that the company is “growing and investing and we are fortunate to be in a financial position to be able to sustain our investments.” Circle’s decision to expand its workforce by up to 25% this year represented a slower growth rate compared to 2022 when the company had doubled its headcount from the previous year. In other news, Circle had recently announced its new chief legal officer, Heath Tarbert, who previously served as the chairman of the Commodity Futures Trading Commission(CFTC). According to Circle CEO Jeremy Allaire, the company aims to bridge the gap between traditional finance and Web3, and Tarbert’s experience and legal expertise will be instrumental in advancing the utility value of the USDC stablecoin worldwide. On the developmental front, Circle made significant progress last week when CEO Jeremy Allaire announced that the company had launched its programmable wallets into production beta, marking a major milestone in the rollout of Circle’s Web3 services. The programmable wallets are designed to enable developers to build and deploy decentralized applications (dApps) on the Ethereum blockchain. In the past few months, a number of high-profile companies in the cryptocurrency industry have announced workforce reductions. Among them are well-known firms such as Blockchain.com, Coinbase, Genesis, Huobi, and SuperRare, to name a few. Around one month ago, Binance carried out employee layoffs as part of its efforts to assess whether it has the appropriate talent to navigate the cryptocurrency market. Related Reading: Chainlink Price Stalls At Key Support Level, Have The Bears Taken Over? The cryptocurrency industry appears to be in a prolonged period of adjustment. And as of yet, there are no signs that the trend of workforce reductions will abate anytime soon.

BABYDOGE started a quadrillion token burn poll. 99% of voting reports ‘yes burn them!’ as it remains in deflation. On a recent note, Baby Doge Coin (BABYDOGE) has crossed the crypto market with effective massive burns and transactions. The community keeps planning the demand and multiple dumps in the last few days. This is with respect to the deflation that piles up the economic revenue in the crypto market. However, the Baby Doge Coin (BABYDOGE) has given a new proposal seeking votes from the crypto communities. Furthermore, this reflects the fact of BABYDOGE remains deflationary with assured activity. The additional source of information is that the coin shares a live proposal of burning the farm reward tokens. Effectively, the token burn ranges between 1 to 2 quadrillion on the BNB network. Is Burning Farm Reward Tokens Worth? The proposal mainly focuses on disabling the core farms that run currently so that there will be little activity. From Wednesday, the voting is kept active and it ends by this Saturday. For now, the current result of the poll on snapshot falls to 99% ‘Yes Burn them!’ and the rest 1% says ‘No Leave them!’. The ones who support the BABYDOGE burn are around 165 trillion in numbers whereas the rest includes 1.7 trillion. The voting system is set to be single-choice voting so that the strict note on casting a vote of either yes or no, is made. The crypto enthusiasts have no comments on this vote cast yet, there is an expectation that BABYDOGE would expand its community with limited supply in demand. Related Crypto News: Baby Doge Coin (BABYDOGE) Price Prediction 2023