After the initial excitement surrounding Ripple Lab’s partial legal victory against the US Securities and Exchange Commission (SEC) subsided, XRP experienced a decline that led it to test its 4-month support line at $0.4240. However, the cryptocurrency has demonstrated resilience by reclaiming its important psychological level of $0.50 and reentering its previous consolidation or accumulation zone. This renewed stability has sparked optimism among bullish investors, indicating a potential rebound for XRP. Presently, XRP is trading at $0.5295 with a 24-hour trade volume of $1,419,623,015.56. This reflects a 1.89% increase in price over the last 24 hours and a 1.60% increase over the past 7 days. These gains and a promising chart formation suggest that XRP may be poised for further growth in the days and months ahead. Potential XRP Breakout As 2-Month Candle Nears Conclusion Crypto analyst Egrag Crypto, known for insightful market analysis, recently took to the social media platform X (formerly Twitter) to highlight an intriguing development in the XRP market. As the two-month candle for XRP draws to a close, it displays the potential formation of an inverted hammer pattern. For further context, the inverted hammer is a technical analysis candlestick pattern that typically appears at the end of a downtrend. It is characterized by a small body at the candle’s upper end, with a long upper shadow and little to no lower shadow. The inverted hammer pattern suggests a potential reversal in price direction. It indicates that buyers have stepped in after a period of selling pressure, causing the price to bounce back from its lows. As seen in Egrag’s chart above, throughout 426 days, XRP has demonstrated remarkable resilience, maintaining its market structure and solidifying its foundation amidst market fluctuations. On this note, Egrag further claimed: Notably, per the information compiled by the analyst, this consolidation around the mentioned price range indicates a highly bullish macro stance for XRP Egrag Crypto predicts a scenario where the upcoming candle could propel XRP towards the $2.3 range. However, this achievement would merely serve as a stepping stone within a larger macro range of $3.3 to $5.5, signaling a seamless continuation of XRP’s upward trajectory. Egrag Crypto’s symbolic reference to Valhalla beyond the $5.5 threshold reflects the analyst’s belief in the substantial potential for XRP’s future growth. While these words evoke a sense of grandeur, they emphasize the possibility of XRP reaching unprecedented heights in the market. Amidst growing anticipation within the crypto community, all eyes are on the impending conclusion of the two-month candle, which holds the key to a potential breakout indicated by the inverted hammer formation. This pivotal moment raises questions about whether the cryptocurrency and the broader market are on the cusp of another upward trend, supported by favorable macro conditions, or if they will face a test of lower resistance levels again. Featured image from iStock, chart from TradingView.com

On-chain data shows the number of Cardano (ADA) long-term holders has increased by 170% during the past twelve months. Cardano & Litecoin Have Seen Most Growth In Long-Term Holders In a new post on X, the market intelligence platform IntoTheBlock has revealed data related to the long-term holders of the various assets in the sector. The “long-term holders” (LTHs) here refer to all those investors who bought their coins at least one year ago. These HODLers are generally the most committed hands in the market, as they rarely participate in any selling. This cohort doesn’t usually budge even when FUD has taken over the market or an enticing profit-taking opportunity has appeared. Because they keep their coins locked away for long periods, the LTHs can naturally affect the economics of any cryptocurrency (although their effects don’t appear during the short term). Now, here is an infographic from IntoTheBlock that shows the total number of LTH addresses present on the networks of some of the top assets in the sector, as well as their percentage changes during the past year: As displayed above, the number one ranked cryptocurrency, Bitcoin (BTC), currently has 33.6 million LTH addresses, reflecting an increase of 17.6% during the past twelve months. Despite its lower market cap, Ethereum (ETH) has BTC beat in this metric, as the number of LTHs on the chain is, interestingly, around 73.9 million, more than double what BTC has. The network has also observed a sharper growth in this indicator at about 44.2%. This is also even though Bitcoin is also much older, meaning that it would have been able to accumulate more LTHs over the years in the form of lost coins, as such addresses would also fall under this category (although they certainly don’t carry the same meaning as an investor willingly choosing to HODL). While these largest coins have seen some decent increases in the number of LTHs, Litecoin (LTC) has them very easily beaten with its 100% growth, implying that HODLers on the blockchain have doubled during the past year. LTC is still far behind in terms of the pure number of LTHs, as the network hosts just 4.9 million. Cardano, however, has complete victory over even LTC’s rapid growth, as the coin has seen LTHs go up by more than 170% in this period. This astonishing rise has taken ADA’s total HODLer count to 2.65 million. Chainlink (LINK) appears to be the only cryptocurrency in the table that has seen an adverse change in its number of LTHs, as the asset’s HODLers have decreased by about 3%. The strong increases in the indicator for Cardano and Litecoin can naturally be constructive signs for their prices, as it shows an increasing tendency among the investors to hold onto their tokens for extended periods. ADA Price Cardano has failed to hold onto its gains from the latest rally, as the asset’s price has already fallen towards the $0.26 level.

On August 29, the US Court of Appeals ruled in favor of Grayscale in its legal battle against the US Securities and Exchange Commission (SEC). Following this, Grayscale’s GBTC shares trading volume significantly increased, climbing to a 2-year high in the process. GBTC Shares See 17% Increase According to data from Yahoo Finance, GBTC’s share price had opened at $17.66 on the day and closed at $20.56, rising by almost 17% from the previous day. Furthermore, the fund saw its busiest day in over a year, with over 19 million GBTC shares changing hands. This volume jump marked the fund’s highest in over two years. These figures aren’t surprising, considering that Grayscale’s victory presents a bullish outlook for the fund. Furthermore, Grayscale’s GBTC is one step closer to being converted into a Spot Bitcoin ETF, so many investors may want to get in on the fund at a discounted price. GBTC currently operates as a closed-end fund and has seen a discount as high as 48.89% of its net asset value (NAV) in December 2022. This discount has been reduced to about 18% following the court’s ruling in favor of Grayscale. However, some still believe this gap could close further, especially if Grayscale’s ETF application were approved. Big Win For The Crypto Community Grayscale had filed a lawsuit following the SEC’s refusal to grant its application to convert its GBTC fund into a Spot Bitcoin ETF. Grayscale argued that the SEC acted arbitrarily and capriciously by not giving it the same regulatory treatment the Commission did to the Teucrium Bitcoin Futures Fund and the Valkyrie XBTO Bitcoin Futures Fund. The fund stated that it deserved the same treatment as the Bitcoin futures fund because the prices of both Spot and Futures Bitcoin ETFs were “99.9%” correlated, so they posed the same risk regarding fraud and manipulation. The court adopted Grayscale’s argument and agreed that the SEC had not provided sufficient reason for denying Grayscale’s application while approving the Bitcoin futures funds. With this ruling, the SEC’s primary reason for not approving a Spot Bitcoin no longer carries weight, as the Commission can no longer deny applications solely because the Spot Bitcoin market has no regulated market of significant size. The court already found both funds (spot and futures) to be similar, so these exchanges’ surveillance sharing agreements with the Chicago Mercantile Exchange (CME) should be sufficient to deter manipulation in either the spot or futures market. While it remains to be seen what step the SEC will take regarding the Court of Appeal’s ruling, there is an increased likelihood that the Commission will have to approve the pending Spot Bitcoin ETF applications except if it can find another reason to deny these proposals.

Since July 2021, shares of Grayscale Bitcoin Trust rose the highest on Tuesday. There is now just a roughly 18% discount between GBTC and the price of Bitcoin. Grayscale’s recent win against the United States SEC in its fight to convert its Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF was significant. Since July 2021, shares of Grayscale Bitcoin Trust rose the highest on Tuesday. August 29 saw a 17% increase in the price of GBTC shares, trading at $20.56. There is now just a roughly 18% discount between GBTC and the price of Bitcoin. When compared to the roughly 50% price discount in December, this is a huge improvement. All Eyes on SEC Due to its current closed-end structure, the Grayscale Bitcoin Trust (GBTC) may experience large deviations from its NAV. There has been considerable anticipation that the discount may decrease as a result of the ETF conversion since the ETF structure allows for the issuance and redemption of shares in line with NAV. Bloomberg’s data shows that the number of GBTC shares traded has increased significantly, hitting its highest level in over a year with over 19 million shares changing hands. Although Grayscale’s victory is a huge step forward for the cryptocurrency industry, some experts predict that the SEC will take further action to prevent Grayscale from transforming its GBTC product into a spot Bitcoin ETF. In spite of the court’s rejection of the SEC’s arguments against spot Bitcoin ETFs, some experts believe that the regulatory body will now focus on crypto custodians due to their poor security practices. Post the ruling, the crypto market rallied with Bitcoin price hitting the $28,000 mark. Highlighted Crypto News Today: Will Ethereum Cross $2K Amidst Positive Momentum?

Shiba Inu’s layer-2 solution sees addresses triple and over 500k transactions after launch. Nodes jump on Shiba Inu’s layer-2 to handle surging transaction volumes after successful launch. Shiba Inu’s new scaling solution demonstrates exponential growth in addresses and activity following launch. Shiba Inu’s layer-2 scaling solution, Shibarium, has seen exponential growth over the past day according to recent data. The total number of addresses on the Shibarium network has tripled to 337,000 in just 24 hours. Alongside the flood of new addresses, transaction activity is also skyrocketing. Over 540,000 transactions have already been conducted on the fledgling network. Shibarium’s validators have processed approximately 374,000 blocks at a rate of 5 seconds per block. This enormous surge in usage stems from heightened interest surrounding Shibarium’s long-awaited launch. By providing faster and cheaper transactions, Shibarium aims to unlock new utility for the Shiba Inu ecosystem. Validators flocking in following Shibarium launch More validators are coming onboard to help handle the influx of activity. Blockchain startup Unification recently activated its own Shibarium validator node. Users can now delegate BONE tokens to Unification’s node for staking rewards. As the number of validated nodes rises, the network will be able to accommodate higher transaction volumes while maintaining speed and reliability. Shibarium’s remarkable growth demonstrates a successful launch that continues to drive adoption and engagement. With Shibarium’s usage spiking, developers hope to sustain this momentum to cement the layer-2 protocol as a core component of Shiba Inu’s technology stack. If the platform can continue attracting validators while maintaining stability under heavy loads, it will solidify Shibarium’s position as a vital infrastructure upgrade for the SHIB community.

The most recent PoR report includes information on 22 different digital currencies. OKX’s most recent report indicates that it has the longest streak of consecutive PoR releases. Crypto exchange OKX has released its tenth Proof-of-Reserve (PoR) report to gauge its liquidity in the highly volatile market. According to the data included in the report, the exchange’s reserves of BTC, ETH, and USDT have grown to a total of $10.4 billion. OKX is one of the few exchanges that has been transparent about the reserve it maintains against client deposits. Consecutive PoR Releases When FTX exchange failed last year, it was revealed that co-founder and former CEO Sam Bankman-Fried (SBF) had mixed client funds. This revelation launched Binance’s practice of disclosing PoR. OKX Global Chief Commercial Officer Lennix Lai stated: When compared to other exchanges, OKX’s most recent report indicates that it has the longest streak of consecutive PoR releases. The most recent PoR report includes information on 22 different digital currencies. The trading platform also boasted that their PoR continued to outpace customer deposits by 100% for the tenth time in a row.

On-chain data suggests the $28,100 level could be the next major resistance to break for Bitcoin if history is anything to go by. Bitcoin Short-Term Holder Cost Basis Is Valued At $28,100 Currently As pointed out by an analyst in a CryptoQuant post, the BTC price has recently neared the short-term holders’ realized price. The “realized price” is a metric that basically represents the cost basis (that is, the buying price) of the average investor in the Bitcoin market. When the spot price of the asset dips below this indicator, the majority of the holders go underwater, while breaks above the level naturally result in the average investor moving into a state of profit. Related Reading: Bitcoin Bullish Signal: Exchange Netflow Remains Negative In the context of the current discussion, the realized price for only a segment of the cryptocurrency’s user base is of interest; namely, the “short-term holders” (STHs). The STHs include all investors who have been holding onto their coins since less than 155 days ago. This cohort is one of the two main groups in the BTC market; the other one being the “long-term holders” (LTHs). The STHs are generally the more fickle investors, who easily react to changes in the wider market (like crashes or rallies), while the LTHs tend to stay silent regardless of the wider sentiment. Now, here is a chart that shows the trend in the Bitcoin realized price for both of these groups over the last few years: As displayed in the above graph, the BTC spot price has surged closer to the STH realized price with the cryptocurrency’s latest rally following the news of the Grayscale victory. Historically, the retests of this level have been very often significant for the cryptocurrency, as they have generally set the tone for what trend the asset could follow in the near future. During bullish periods, the cost basis of the STHs usually provides support to the price, while the coin may encounter resistance at the line during bearish regimes. This pattern can also be seen working in action during this year’s rally, as Bitcoin found support at the line during the retests in both March and June. With the recent crash, however, Bitcoin finally plunged under the level. It’s possible that a return toward a bear market has now occurred because of this failed retest. Currently, the Bitcoin STH realized price is valued at about $28,100, which is actually the highest BTC has gone during the latest surge. Since Bitcoin has observed a pullback, it’s possible that it’s because of the resistance that the STH cost basis provided. If BTC continues to surge in the coming days, another retest of this level might be one to watch for, as a rejection might confirm a bearish transition. A successful break, however, could suggest that the bullish momentum isn’t dead just yet. BTC Price Following the latest surge, Bitcoin is now trading around the $27,400 mark, with investors being in 6% profits over the past week.

XRP has had its ups and downs in the past few months, ranging from a 70% price spike from Ripple’s partial victory in court to whales and retail investors taking profit after the price pump. Now, on-chain data has shown that XRP big money players have made many interesting transactions this month, with whales transferring over 1.7 billion XRP worth $899,530,325. XRP Price Sees Pressure From Whale Movement In August According to on-chain data, a total of 1.7 billion XRP, worth over $899 million, were moved by some of the largest XRP holders in August. Whale movements of this nature tend to generate curiosity among investors. Some see it as a bearish signal for the XRP’s price, as these transactions have the potential to put some downward pressure on XRP due to fears of possible large sell-offs. Data from Whale_Alerts have shown various whale movements in August. The latest transaction came hours ago, with 424,018,481 XRP worth $225,957,060 transferred between unknown wallets. Bitstamp, in particular, received a flurry of XRP from unknown wallets, totaling more than 85,200,000 XRP between August 27 and 29. Bitvavo, another crypto exchange, recorded various XRP whale transactions in the month. In one instance on August 27th, 425,118,503 XRP worth $224,906,760 left the exchange to an unknown wallet. However, one XRP investor claims to have tracked out the source of the massive transfers on Bitvavo. The investor explained that the coins have been moved back and forth the exchange many times since 2020 and the latest transfer was to an address controlled by Bitvavo. Return Of 800 Million XRP to Escrow A high volume of the XRP whale movement came from Ripple itself. On August 1, the blockchain technology company returned XRP tokens to its escrow wallet just after carrying out its periodical unlock. Ripple periodically unlocks 1 billion XRP tokens to increase the number of tokens in circulation. On-chain data from Whale_Alerts also show that 300 million XRP tokens, with a value of $209 million, were locked in Ripple’s Escrow wallet on August 1. Shortly after, the on-chain tracker revealed that a further 500 million XRP tokens worth $349,458,791 were locked back into escrow. Although XRP is currently up by 2% due to the current buying pressure on Bitcoin, the cryptocurrency is down by 24.61% in the past month. However, XRP trading volume has spiked 115.03% in the past 24 hours.

Grayscale’s victory boosts market; Bitcoin, Ethereum breakout from bearish trend. Ethereum’s trading volume spikes by 151%, reaching $11.4B in 24H. In the midst of a bear market, a glimmer of hope emerges with recent news regarding Grayscale Investments, a crypto asset manager. It has achieved a significant victory against the United States Securities and Exchange Commission (SEC) in its pursuit to transform the Grayscale Bitcoin Trust (GBTC) into a publicly listed Bitcoin exchange-traded fund (ETF). This development has catalyzed a 4.32% surge in the crypto market over the past 24 hours, propelling major coins like Bitcoin and Ethereum to break free from their prolonged bearish trends. Impressively, both Bitcoin and Ethereum have surged by 5.56% and 4.63%, respectively, within the last 24 hours. Delving into the background, the SEC previously rejected Grayscale’s GBTC application in October 2021, citing concerns about inadequate safeguards against fraudulent and manipulative practices. Grayscale responded with a lawsuit, leading to a favorable overturning of the decision. In a significant turn of events on August 29, U.S. Court of Appeals Circuit Judge Neomi Rao granted Grayscale’s petition for review. And vacated the SEC’s denial of the GBTC listing application. Judge Rao had earlier criticized the SEC for lacking explanation in its stance against Grayscale. However, it’s important to note that this order doesn’t guarantee the eventual listing of a Grayscale spot Bitcoin ETF. When will ETH hit $2000 ? As the deadline for the approval of Bitcoin and Ethereum ETFs approaches, the market sentiment remains bullish, injecting hope into the days ahead. For Ethereum, despite facing its lowest price range since Q2 of the year, with price oscillating between $1650 and $1698, the recent bullish resurgence after a month-long battle against bears fell short of pushing the price beyond $1800. However, the prevailing positive momentum and the potential approval of ETFs suggest a strong possibility of the price surpassing $2000 and even soaring above $2000. Ethereum’s trading volume has surged by an impressive 150.75% in the past 24 hours, reaching $11.4 billion. On a different note, the total daily transaction fees on the Ethereum network dropped to 1,719 ETH ($2.8 million). It happened on Sunday, the lowest since December 26, according to CryptoQuant. This marks an 89% decrease from the year-to-date peak observed on May 5. Will The Bulls Sustain its Crown? An analysis of Ethereum’s recent price movements underscores a prevailing bullish trend on the daily chart. The short-term 9-day exponential moving average (EMA) currently sits at $1688, indicating ongoing bullish sentiment. Meanwhile Ethereum is presently priced at $1715. The Relative Strength Index (RSI) stands at 46, signifying a neutral zone. Ethereum (ETH) Daily Price Chart (Source: TradingView) Should the SEC green-light the Bitcoin ETF on Monday, Ethereum’s price could breach crucial EMAs. And potentially retest the previously broken support trendline. This positive momentum might propel the uptrend to cross the $2000 mark, targeting the prior swing high of $2140. Conversely, if the SEC opts for a decision delay, the price of Ethereum might retreat to the $1600 demand zone. Will ETH Sustain its Bullish Pressure? Share your thoughts by tweeting us at @The_NewsCrypto

The world’s largest exchange, Binance, has announced plans to delist eight Binance USD (BUSD) trading pairs as the company looks to withdraw full support of the stablecoin by 2024. This follows increased regulatory pressure on the stablecoin in 2023, which has led to a drastic decline in its market share so far. Binance To Delete Nine Margin Trading Pairs By September 7 In a blog post on Wednesday, Binance laid out intentions to delist eight BUSD cross margin and isolated trading pairs. These include AMB/BUSD, DASH/BUSD, FIDA/BUSD, HARD/BUSD, HOT/BUSD, NULS/BUSD, PORTO/BUSD and REQ/BUSD. In addition, the exchange will also be deleting the IOST/BTC margin trading pair. Related Reading: Binance Will Halt These 39 Liquidity Mining Pools This Week According to Binance, the delisting process will occur in two stages. Firstly, the exchange will suspend all isolated margin borrowing for these specific pairs on September 1, 2023, at 06:00 (UTC). Thereafter, Binance will close all users’ positions, terminate any pending order, and enable an automatic settlement before proceeding to delist these pairs from its isolated margin market on September 7, 2023, at 06:00 (UTC). On the same day and at the same time, these trading pairs will also be removed from Binance’s cross margin market. Binance has stated that users would not be permitted to modify their trading positions during the delisting procedure. Thus, they are advised to close all open positions and transfer their assets from margin wallets to spot wallets prior to September 7 to avoid any possible losses. In the announcement, the exchange did not state a specific reason for delisting eight BUSD pairs at once. However, emerging reports indicate that this move is part of a much larger plan by the crypto exchange. Binance To Cease Full Support For BUSD In 2024? According to several posts on the social media platform X, Binance plans to terminate its support for its native BUSD stablecoin by 2024, urging users to convert the token to other crypto assets. This development was revealed via a pop-up notification on the exchange’s mobile app. Although there was no specific date in the notification, it was stated that Paxos Trust, BUSD’s issuer and operator, will stop BUSD redemption by February 2024. Following this, Binance will gradually withdraw its support for the stablecoin. As earlier stated, the BUSD token has been affected by the high level of regulatory scrutiny faced by the cryptocurrency industry in 2023. Related Reading: Bitcoin Cash (BCH) Records Surprising 15% Rally – What’s Behind It? In February, the New York Department of Financial Services ordered Paxos to halt the issuance of BUSD, citing “several unresolved issues related to Paxos’ oversight of its relationship with Binance regarding Paxos-issued BUSD.” Following this directive, BUSD has lost over 80% of its market cap, falling from $16.13 billion on February 9 to its current value of $3.1 billion based on data from Tradingview.

Ethereum has rapidly become the second most valuable cryptocurrency after Bitcoin. With its recent transition to a proof-of-stake consensus model and its expanded capabilities, Ethereum’s future looks bright. This guide provides a data-driven Ethereum price prediction for the short, medium and long-term. What is Ethereum (ETH)? Ethereum is a decentralized blockchain platform created by Vitalik Buterin in 2015. Like Bitcoin, it uses a blockchain to store transaction records. But Ethereum’s key innovation was enabling decentralized applications (dApps) and smart contracts on its blockchain. The Ethereum blockchain serves as a secured public ledger for verifying and recording transactions. Ether (ETH) is the native cryptocurrency of the platform that acts as ‘gas’ to power transactions and run smart contracts. Some key aspects of Ethereum include: Smart contracts These are applications that run exactly as programmed without risk of downtime or third-party interference. Decentralized platform Ethereum operates via a global peer-to-peer network, avoiding centralized control. Programmable blockchain Developers can use Ethereum to build and deploy decentralized applications of all kinds. Proof-of-stake consensus Ethereum has transitioned to a more efficient proof-of-stake system called Casper that requires less energy. These features make Ethereum extremely versatile and a promising platform for decentralized finance (DeFi), NFTs, DAOs, dApps and much more. Factors Influencing Ethereum Price Ethereum’s growth has been explosive, but not without volatility. Here are some factors that affect ETH prices. Cryptocurrency Market Trends Like most cryptos, Ethereum price depends heavily on trends in the overall crypto market. Bitcoin’s price actions in particular have a ripple effect on altcoins. Gas Fees and Transaction Costs Ethereum gas fees rising during times of network congestion reduces usage and can suppress price. Efforts like scaling solutions aim to lower transaction costs. Mainstream Adoption With increasing real-world Ethereum usage cases in DeFi, NFTs etc. mainstream adoption is rising, leading to higher demand and prices. Competition While Ethereum is the dominant smart contract platform currently, competition from projects like Solana, Cardano etc. can potentially erode its market share and affect ETH prices. Regulations Regulatory crackdowns or increased clarity on crypto/Ethereum can both positively and negatively impact prices by affecting investor sentiment. Technology Upgrades Recent Ethereum developments like the Merge upgrade to proof-of-stake or ETH 2.0 implementating sharding may improve capabilities and affect value over time. Burning Ether Burning ETH taken out of circulation through EIP-1559 helps reduce supply and may gradually increase the value of remaining Ether. Ethereum Price History Ethereum launched in 2015 at an initial price of around $0.30. Here is a look at key price developments since then. 2015-2017 – The Early Days After launch, Ethereum traded in the $1-$15 range till early 2017. As crypto markets gained steam in 2017, Ethereum shot up to $380 by June. Several factors drove growth: Increasing developer adoption with global Ethereum hackathons held in 2017. Hundreds of projects were built on Ethereum. Mainstream coverage of Ethereum as a revolutionary technology in magazines like Forbes ICO boom – projects raising millions via Ethereum-based ICOs bought Ether at inflated prices This growth was unsustainable long-term and by September 2018, ETH had fallen to around $170. But immense developer interest and real-world usage potential was now apparent. 2018-2020 – Building During the Bear Market In the 2018-2020 bear market, Ethereum stayed afloat better than most altcoins, remaining above $100. Major mileposts include: Despite market conditions, steady progress continued on Ethereum 2.0 upgrades like Beacon Chain, proof-of-stake, and sharding. Increasing DeFi (decentralized finance) dominance with Ethereum facilitating over 90% of activity and billions in value. Launch of Ethereum-based Tether (USDT), the most used stablecoin. USDT transactions dwarfed payment coins. ERC-20 standard became the de-facto for issuing new tokens. Most ICOs continued to launch on Ethereum. This demonstrated Ethereum’s real-world utility and helped prevent steeper declines. 2021 – 2022 – From Mainstream Mania To Manic Depression 2021 marked a parabolic rise for Ethereum, breaking out beyond crypto circles into mainstream recognition. The parabolic rise also brought an abrupt peak, sending Ethereum prices crashing all throughout 2022 as the US Federal Reserve began hiking interest rates to the highest levels in decades. Key factors driving this bull run: Continued DeFi growth, with the total value locked in DeFi rising from $20B to over $100B during 2021. NFT mania beginning in early 2021, with Ethereum hosting headline-grabbing sales like Beeple’s $69 million digital art piece. Ethereum network upgrades like Berlin hard fork and London’s EIP-1559 built investor confidence. Large companies like Visa and JP Morgan began settling transactions on the Ethereum blockchain. Institutional investment rose with SEC allowing Ethereum futures ETFs. This perfect storm took ETH from under $800 in January 2021 to an all-time high of $4,800 in November 2021. In 2022 the crypto market endured a painful bear market, with Ethereum dropping below $1,000. However, a major milestone was reached in September 2022, with Ethereum completing The Merge upgrade to become a proof-of-stake blockchain. This reduced Ethereum inflation and carbon footprint. While sentiments remain low currently, The Merge was a huge technological leap cementing Ethereum’s lead in blockchain development. The stage is potentially set for the next bull market. Recent Ethereum Price Performance Unlike Bitcoin which found a local bear market bottom in November 2022, Ethereum set a local low in mid-June at around $878 per ETH. An almost immediate bounce took Ether over double from the low to $2,000, but retested $1,000 before the year ended. Throughout 2023 while Bitcoin and other cryptocurrencies have recovered, Ethereum’s rally has been relatively muted. In August 2023, Ethereum once again retested $1,500, possibly putting in a lower low before the start of a more substantial rally or collapse. Short Term Ethereum Price Prediction for 2023 Since the 2022 local bottom, Ethereum has been forming an Ascending Triangle pattern. This is predominantly a bullish pattern, but can occasionally appear in a bear market before the final move in a sequence, ultimately breaking down. Targets based on the measure rule put an immediate upside breakout around $3,800 per ETH, while a breakdown would send Ether back down to $871 for a double possible double bottom or new low. With only a few months left in 2023, trajectories will be limited based on time. Medium Term Ethereum Price Prediction for 2024 – 2025 Based on historical 4-year market cycles and Elliott Wave Principle patterns, Ethereum appears to be at a critical junction, where it could retrace further and break down from a large rising wedge structure, or could rally and fill out the upper portion of the pattern one more time. The black-colored wave scenario puts ETHUSD at $10,000 between 2024 and 2025. Meanwhile, the red-colored corrective wave scenario suggests Ether will reach around $440 during a C-wave of continuation. Long Term Ethereum Price Prediction for 2030 and Beyond If Ethereum establishes itself as the primary platform for decentralized apps and finance by 2030, its utility could be immense. Based on a long-term linear mean, Ethereum could fluctuate between $20,000 and nearly $100,000 per ETH by the year 2030 arrives. Ethereum Price Predictions by Experts Here what some industry experts and analysts forecast for Ethereum: Popular analyst Benjamin Cowen is conservative in his Ethereum price prediction, claiming that “Ethereum has the potential to eventually achieve $10,000 to $15,000 per ETH in the next five to ten years.” He cautions that scaling needs to be achieved without diluting ETH’s value. RealVision CEO Raoul Pal predicts ETH at $20,000 by 2025. CertiK CEO Ronghui Gu forecasts Ethereum at $30,000 to $50,000 by 2030. Justin Bennett sees ETH potentially reaching $40,000 if bullish sentiment returns. Ethereum Price Prediction FAQs Here are some common questions about Ethereum price predictions: What was Ethereum’s lowest price? Ethereum hit record lows between $0.4 to $0.7 in 2015 and 2016 during its earliest days. Its recent low was around $800 in June 2022. What was Ethereum’s highest price? Ethereum’s all-time high price was $4,891 reached in November 2021. It also briefly exceeded $4,600 in the same month. How high can Ethereum realistically go long-term? Based on expert forecasts and models, Ethereum potentially could reach over $100,000 by 2030, and even $500,000+ in the 2050 timeframe as a bull case scenario if it achieves global adoption. Can Ethereum drop to zero? While unlikely, the possibility that Ethereum drops to near zero can’t be ruled out entirely. Competition, failure to scale sufficiently, or critical bugs in the codebase are threats. Why is Ethereum price volatile? As a relatively new asset class, Ethereum is prone to high volatility. Speculation, hype cycles, and changing investor sentiment amplify price swings. When will Ethereum’s price stabilize? Ethereum price volatility should stabilize significantly once it achieves full-scale mainstream adoption as a blockchain platform, which could happen within the next 5-10 years. Will Ethereum go up in 2023? The most likely scenario based on market trends is Ethereum rising gradually throughout 2023, although price will remain volatile in the short-term.

FactBlock, a Web3 ecosystem accelerator and the organizer of KBW2023, along with co-host Hashed, a well-known Web3 venture fund based in South Korea, are excited to make this announcement that participants attending the 6th Edition of the Korea Blockchain Week will have the opportunity to hear from the most influential figures in the industry as they share their learnings and insights on every conceivable topic related to cryptocurrencies, Web3 infrastructure, and more. The narratives are shaped there, and the future’s objective is decided by the change makers. There will be over 200 industry leaders and creators speaking at this year’s event, including Ethereum’s Vitalik Buterin, Circle’s Jeremy Allaire, Wemade’s Henry Chang, Maelstrom’s Arthur Hayes, Hashed’s Simon Kim, BitGo’s Mike Belshe, Sandeep Nailwal and Simon Kim, Line Next’s Business Director Woosuk Kim, and Anthony Scaramucci, Founder and Managing Partner of SkyBridge Capital. Additionally, there will be more chances than ever for networking, teamwork, and conversation for attendees. The week-long conference, which will be Asia’s most significant blockchain event, will serve as a venue for blockchain developers from across the globe to learn about Web3’s future and its potential effects on numerous sectors and societies. The conference will run from September 4 to September 10 at The Shilla Seoul, with the main event, KBW: Impact, taking place on September 5 and 6. The organizers want to turn KBW2023 into an innovation lab rather than an echo chamber by putting the burgeoning technologies, institutional fever, and widespread adoption in the forefront. Builders, investors, traditional finance executives, lawmakers, and crypto-curious newbies congregate there to share ideas, work together, and discover answers to some of the most difficult problems the sector is now experiencing. The main 2-day conference, KBW: IMPACT, which brings together thought leaders and crypto enthusiasts from across the globe to inspire debates on the following major topics, will be the conference’s largest feature. Fundamentals– Dedicated to addressing the essential questions about blockchain and cryptocurrency. Kingdom of Ethereum– Illuminating the community and infrastructure of Ethereum in the future. Oil the Wheels – Topics that affect the development of the blockchain ecosystem and of developers are covered. Way to Billions – Examining the main obstacles and factors influencing widespread adoption. What’s on Chain – Showcasing and utilizing the potential of on-chain data for DeFi, risk management, research, and other purposes. Regional Taste – A look at how regions like Korea, Japan, India, and Southeast Asia are embracing blockchain technology thanks to their distinct advantages. Tech Unleashed – A thorough examination of cutting-edge trends and technology, like orderbook DEXes, shared sequencing, zero knowledge, anonymity, and more. Digital Nation– It is devoted to examining how DAOs, decentralized social networks, and the metaverse will influence societal structures as a result of blockchain technology. Institutional Fever – It would be devoted to the B2B side of blockchain and act as a link between Web2 businesses, financial conglomerates, and Web3 initiatives. Code in Law: To aid industry participants in comprehending the regulatory environment. The industry meeting will include three major events, an official afterparty, and around 200 side events over the course of a week. Highlights consist of the two-day “Impact” cornerstone conference on September 5 and 6, the two-day “The Gateway: Korea” immersive digital art experience with nft now on September 7 and 8, and the two-day “Micro Seoul: Seoulbound” music festival serving as the KBW’s official farewell ceremony. A celebration of the fusion of technology, culture, and self-expression, “Beyond Seoul” will take the spotlight as the official KBW afterparty from September 7 to 10. Attendees can anticipate a week packed with interaction and knowledge with more than a hundred side activities registered.

Distributed ledger ensures that data is secure and accurate SAN FRANCISCO–(BUSINESS WIRE)–Hayden AI, a global leader in artificial intelligence and machine learning, has been awarded a patent for its traffic enforcement data management system using blockchain. The patent was awarded on August 15, 2023 and is labeled US Patent number 11,727,795 B1. Traditionally, traffic enforcement events that are documented by automated enforcement are sent to a network for review by relevant parties, such as traffic enforcement officers, but do not track the authenticity or integrity of such digital evidence packages throughout their lifecycle across internal and external devices and reviewers. Hayden AI’s blockchain-powered data management technology uses a distributed ledger to track each transaction of the data with a unique and unrepeatable identifier generated by a cryptographic operation. This system creates a verifiable chain of custody for each traffic enforcement evidence package, keeping a record every time the data is processed, modified, or reviewed. It can further secure the data by partitioning it into individual components and tracking them through multiple blockchains. “Keeping governments safe from cyberattacks is critical to the success of camera-assisted traffic enforcement programs. Our improved, verifiable chain of custody technology makes this possible,” said Bryan Shea, Vice President of Data Security and Privacy at Hayden AI and former Criminal Intelligence leader at the Chicago Police Department. “We’re so proud to receive this patent because it cements our status as a data management and security leader in vision-based automated traffic enforcement.” Hayden AI is the US market leader in mobile automated bus lane enforcement and bus stop enforcement, with over 650 camera systems installed on transit buses across the country. These camera systems detect and document large numbers of traffic obstructions impeding transit service, which required Hayden AI to design this innovative system for securing data, sending it to appropriate government agencies, and verifying its accuracy. About Hayden AI At Hayden AI, we’re pioneering real world problem solving powered by AI and machine learning. From bus lane and bus stop enforcement to digital twin modeling and more, our clients use our mobile perception system to speed up transit, make streets safer, and create a more sustainable future. Our privacy first approach ensures that our technologies comply with security and privacy regulations and protect personal information while fostering innovation. For more information about Hayden AI visit www.hayden.ai. Contacts Jenna Fortunati [email protected]

Crypto asset manager Grayscale recently won against the Securities and Exchange Commission (SEC) in court, propelling gains in the price of Bitcoin in the past 24 hours. According to the case details, a US appeals court ruled on Tuesday, August 292r, that the SEC was wrong to reject an application from Grayscale to convert the Grayscale Bitcoin Trust into a spot Bitcoin ETF. In the hours following the decision, Bitcoin jumped from $26,500 to test the $28,000 resistance zone. On-chain data has shown that the amount of BTC available for trading on crypto exchanges increased noticeably just before the verdict. This has sparked some rumors of insider trading, hinting that some investors knew about the Grayscale win beforehand and looked to capitalize on the oncoming Bitcoin price spike. A Surge In Bitcoin Supply On Exchanges Crypto trading expert Ali Martinez took to social media platform X to share a Santiment chart data detailing the spike in exchange supply. According to on-chain data, around 30,000 BTC was sent to crypto exchanges in the hours before the ruling, raising questions of market manipulation. This would take the exchange supply of BTC at the time from 1.13 million to 1.16 million. While the flurry in exchange supply could have been from a few traders who knew before the ruling beforehand, it could also be from many investors, as the entire crypto community has been awaiting the Court’s decision. According to Santiment, 14,596 BTC worth $388.3 million were added to wallets holding around 10-10,000 BTC the day before news of the court’s decision. Reactions From The Crypto Market The price of Bitcoin spiked in the hours following the news, with Bitcoin briefly crossing over $28,000. The cryptocurrency has, however, since retraced and is now trading at $27,415. As expected, altcoins have followed Bitcoin’s price movement and spiked in price. Ethereum and Bitcoin Cash have led the altcoin market in gains, up by 4.37% and 15.01%, respectively in the past 24 hours. A large number of short positions have also been liquidated, with BTC experiencing short liquidations of $50.86 million in the past 24 hours. Grayscale has also reacted positively to the news, as the company’s stock price is up by over 17% in the past 24 hours. The Grayscale discount, which is the gap between the market value of Grayscale’s Bitcoin Trust shares and the value of underlying Bitcoin, has also dipped below 20% for the first time since 2022.

The price faced selling pressure and could not breach the $28k level. BTC price has been consolidating around the $27,450 range post the recent spike. Grayscale Bitcoin Trust’s win against the SEC has sparked a flurry of activity in the crypto market. In the last 24 hours, the cryptocurrency market has seen $171 million in liquidations, with $119 million coming from shorts. According to statistics from Coinglass, the discount between Grayscale’s Bitcoin Trust (GBTC) price and the price of BTC has fallen to its lowest level since December 2021, reaching 18.06%. This drop might mean that investors are becoming more optimistic about GBTC. Grayscale Bitcoin Trust now has $17.10 billion worth of BTC in its possession. High Volatility Expected Post the court ruling in the SEC lawsuit, Bitcoin’s price went all the way to the $28k level, marking a significant milestone on the path to $30,000. A drop below $24.8k in Bitcoin’s value was averted as of the month’s end thanks to the recent catalyst. However, the price faced selling pressure and could not breach the $28k level. At the time of writing the Bitcoin price is trading at $27,380 and is up 5.43%. Source: CoinMarketCap The price has been consolidating around the $27,450 range post the recent spike, waiting to move in either direction. If the price goes below the $26,650 level then it might start a fresh decline all the way till $25,680. However, if the price manages to breach the $28,000 mark then it will most likely test the $30,000 barrier. Traders are keeping a close watch on this week’s core PCE inflation and employment statistics, both of which might be highly favorable to Bitcoin price. The U.S. Fed is expected to increase interest rates at the upcoming FOMC meeting on September 21 as hinted by the Chair Jerome Powell during a recent event.

Lido DAO (LDO), the driving force behind the revolutionary liquid staking protocol for Ethereum (ETH), has displayed an impressive 7.41% ascent in its Total Value Locked (TVL) over the course of the last seven days. This robust surge in TVL has positioned Lido Finance as a prominent contender in the decentralized finance (DeFi) landscape, illustrating its resilience amidst a fluctuating market. According to the latest data from DeFiLlama, Lido Finance’s TVL witnessed a notable augmentation, securing its place as the most substantial growth among the top five DeFi protocols. This feat underlines Lido’s exceptional capacity to adapt and expand, distinguishing itself from its counterparts during a pivotal time for the DeFi sector. Despite the tumultuous price fluctuations that have characterized the altcoin realm, Lido’s TVL growth stood unwavering. This achievement can be attributed to a discernible surge in Ethereum deposits within the protocol over the reviewed timeframe. Lido’s ETH Deposits Surge Amidst Uncertainty The primary driver behind Lido’s remarkable TVL surge over the past week was a substantial influx of ETH deposits into the platform. Even in the face of significant market price gyrations, Ethereum holders exhibited a commendable degree of confidence in Lido’s liquid staking protocol. Recent technical analysis highlights that the platform saw a cumulative total of 185,500 ETH deposits in the last seven days alone. This not only positioned Lido as a beacon of stability in a tempestuous market but also secured its status as the go-to protocol for net new Ethereum deposits. Insights And Outlook For Lido Finance Lido Finance’s recent achievements underscore its growing prominence in the DeFi realm. With a current price of $1.66 according to CoinGecko, the platform’s token’s resilience (LDO) is further affirmed by its 24-hour rally of 5.1%. Over the span of the last seven days, Lido has achieved gains of 1.4%, a testament to its unwavering performance even in challenging times. As the broader cryptocurrency landscape continues to evolve, Lido’s success serves as a reminder of the power of innovative DeFi solutions. By facilitating liquid staking for Ethereum, Lido DAO not only appeals to those seeking rewards from staking but also embodies the ethos of adaptability that is vital for thriving in the ever-changing world of decentralized finance. As Lido outperforms its peers in TVL growth and garners a significant influx of ETH deposits, it proves that adaptability and reliability are the cornerstones of sustainable success in the dynamic realm of decentralized finance. (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 PortalCripto

One of the major highlights of Grayscale’s victory over the US Securities and Exchange Commission (SEC) was its positive effect on Bitcoin’s price. However, renowned economist Peter Schiff has explained why Grayscale’s win may not be good for Bitcoin in the long run. A GBTC ETF ‘Bearish’ For Bitcoin Schiff tweeted that the GBTC fund becoming a spot ETF (Exchange-traded Fund) is “actually bearish” for the flagship cryptocurrency as he said this move could potentially increase Bitcoin’s “tradable supply.” If approved, investors in the GBTC fund will now be able to redeem their Bitcoin, which Schiff has highlighted is bad for Bitcoin’s price and the market as GBTC will have to sell BTC into the market, thereby increasing the tradable supply. Schiff’s concern probably stems from the fact that GBTC reportedly owns over 3% of Bitcoin’s circulating supply, so a sell-off due to redemptions could significantly impact the market, causing Bitcoin’s price to reduce. However, other X (formerly Twitter) users quickly pointed out that other ETF applications will likely be approved alongside Grayscale’s application. As such, there will be enough demand to balance out the increase in supply that could result from Grayscale’s redemptions. Grayscale had applied to the SEC to convert its GBTC fund into a Spot Bitcoin ETF. However, the regulator rejected the application, leading Grayscale to file a lawsuit against the SEC, stating that the Commission acted arbitrarily and capriciously in its disapproval order. Following the Appeal court’s ruling in favor of Grayscale, the SEC now has to review the asset manager’s application again with the possibility of an approval higher this time. This is because Grayscale has been able to establish before the court that it should enjoy the same treatment given to Bitcoin Futures ETF which the Commission has had no problem approving. The SEC’s Next Steps Legal expert Jake Chervinsky also chimed in to state that the court delivered a “huge embarrassment” for the SEC. As to the next steps that the regulator might take, Chervinsky highlighted four theories. Firstly, he believes the SEC could just pick another reason to deny Grayscale’s proposal, which could lead to another long-running legal battle between both parties. Apparently, the court had ruled that the Commission didn’t provide sufficient reason to deny Grayscale’s application as it faulted the “significant market” test size as wrong. His second theory is that the SEC will choose to abide by the court’s decision and use that as an excuse to drop its “anti-ETF position.” Furthermore, the legal expert noted that the SEC may have no choice but to approve the pending ETF applications as there is “political pressure” on the SEC. According to him, the world’s largest asset manager, BlackRock, and its CEO, Larry Fink, are lobbying for their application to be approved. Lastly, Chervinsky believes that the SEC’s Chair Gary Gensler could use this to spin the anti-crypto narrative by approving these ETFs to show that the Commission is willing to approve products that abode by their regulations.

The SEC requested permission to submit sealed papers in its action on August 28. Ex-SEC official speculates that a DOJ criminal investigation may be underway. A move to submit court papers under secrecy has been filed on behalf of the U.S SEC in its civil lawsuit against Binance. More than 35 documents, a statement from Jennifer Farer (a trial attorney for the SEC), and a proposed order were all included in the request. The SEC requested permission to submit sealed papers in its action on August 28 in U.S. District Court for the District of Columbia. The motion was sealed, prompting some to believe the SEC would be submitting confidential documents. Struggle Continues for Binance The crypto community has speculated that may be whatever Binance did, it was so dubious that the SEC is afraid to openly condemn it. While some fear that this might trigger the next market crash. Moreover, Ex-SEC official John Reed Stark speculates that a DOJ criminal investigation may be underway if the agency requests to submit confidential materials. According to the reports, the federal agency has been looking into charges of money laundering and possible breaches of sanctions involving Russian companies made against Binance. The motion came after Binance’s P2P trading service restricted access to users in Russia from using fiat other than ruble and from using specific sanctioned Russian financial institutions. Also, according to a Binance representative, the company is exploring all of its options with respect to Russia, “including a full exit.” The SEC filed a complaint against Binance, Binance.US, and CZ in June over multiple charges. Binance and Changpeng Zhao, who were sued by the CFTC in March, asked the court to throw out the case in July. However, the lawsuit is underway. Highlighted Crypto News Today: Internet Computer Protocol (ICP) Launches 1-Proposal SNS Feature

Cardano (ADA) recently managed to inch up by 1% on the weekly charts, demonstrating resilience amidst the ongoing volatility. On the other hand, a more audacious contender, Pomerdoge (POMD), is generating significant buzz. In fact, some experts whisper of an impending price pump that could bring Pomerdoge to the next level. Cardano shows green weekly price charts AnetaBTC announces the start of Cardano’s mainnet operations Pomerdoge to experience a 17x surge before its presale finishes Click Here To Find Out More About The Pomerdoge (POMD) Presale Cardano (ADA) and Its Steady Climb Cardano (ADA) has long been a favorite among crypto enthusiasts for its commitment to scalability and sustainability. As the Cardano price experienced a 1% uptick on the weekly charts, it reaffirmed its ability to weather market turbulence. In recent Cardano news, AnetaBTC has proudly announced the start of Cardano’s long-awaited mainnet operations, marking a considerable advancement. After the ADA blockchain’s successful public test net release earlier in April, anetaBTC seeks to ignite Cardano’s DeFi potential by injecting it with on-chain wrapped BTC. The launch of the mainnet is important for Cardano as it sets out on a mission to include Bitcoin liquidity via the BTC asset. Now, the Cardano price sits at $0.2984 with a market cap of $10.4B. With its moving averages also showing buy signals, many experts remain bullish about its long-term growth potential. Thus, they forecast a $0.37 price point by December 2023. Pomerdoge (POMD): Beyond the Hype In a market characterized by rapid shifts, new contenders are constantly vying for attention, and Pomerdoge (POMD) is the latest star on the horizon, promising more than just a cryptocurrency. Pomerdoge represents a P2E game that taps into the gaming world’s immense potential as over 3B individuals spend time on online games. With Pomerdoge, players can build and shape their characters into elite figures within the game’s dynamic world. The allure of customization beckons, as players can craft unique items and outfits, allowing them to express their individuality and style. However, the journey doesn’t end there. As players progress and attain the coveted gold status Pomer, a new realm of possibilities opens up. This elite status grants access to the Pomerplace, a marketplace within the game where players can trade an array of skins. This innovative feature also introduces a dynamic economic ecosystem where the virtual treasures collected can translate into tangible rewards. At the core of this game lies the POMD native token, now worth just $0.008. In addition, it is in Phase One of its presale. In other words, this price will increase as the presale picks up steam. With access to an exclusive 7,777 NFT collection for POMD holders, buyers are flooding the presale. As a matter of fact, demand is so high that experts forecast a 17x jump before it ends. Find out more about the Pomerdoge (POMD) Presale Today Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge

Bitcoin Cash (BCH) and several prominent altcoins are experiencing an upward trajectory in their trading prices, attributed to a recent report indicating a favorable ruling by the US federal appeals court. The court’s decision suggests that the US Securities and Exchange Commission (SEC) erred in its rejection of Grayscale’s application for a spot bitcoin exchange-traded fund (ETF). This development has once again underscored the impact of positive regulatory news on the sentiment and valuation of the cryptocurrency market. Regulatory Reassurance Boosts BCH, Overall Market Confidence The crypto market has long been susceptible to fluctuations driven by regulatory uncertainty. However, instances of regulatory clarity, such as the latest ruling regarding Grayscale’s ETF application, have repeatedly shown their potential to galvanize positive sentiment among investors. The maturation and legitimacy that regulatory approvals signify are often interpreted as promising indicators for the industry’s future growth. This enhanced sentiment invariably piques interest not only in Bitcoin but also in various alternative cryptocurrencies, including Bitcoin Cash. Bitcoin Cash Seizes The Momentum With Bitcoin Cash exhibiting a robust price rally, the digital asset’s value soared to $217, as reported by CoinGecko. Over the span of 24 hours, the coin witnessed an impressive surge of 14.8%, which further expanded to 16% over the course of the past week. The remarkable gains can be largely attributed to the positive ripple effect generated by the Grayscale-SEC ruling, which has reverberated across the entire cryptocurrency landscape. The Bitcoin Effect On Altcoins Bitcoin, as the vanguard of cryptocurrencies, continues to wield substantial influence over the market. The surge in its price to $27,456—an increase of more than 5% within a single day—epitomizes the profound impact of Grayscale’s triumph over the SEC. What makes this rally even more intriguing is its domino effect on altcoins like Bitcoin Cash. As investors seek to diversify their portfolios, they inevitably explore alternative cryptocurrencies to maximize their potential gains. This trend has triggered a surge in interest and investment in altcoins, propelling them to new heights. The collective effect of these developments is evident in the substantial growth of the total crypto market capitalization. A surge of nearly $50 billion underscores the immediate impact of regulatory advancements on the market’s valuation. The fact that some of the most significant gains were recorded by cryptocurrencies closely linked to Bitcoin reinforces the notion that regulatory wins and leading cryptocurrency performance are intertwined in a symbiotic relationship. (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 Getty Images