Many traders and technicians closely follow the well-known “Golden Cross” moving average crossover in key liquid markets such as Bitcoin, Gold, and the Nasdaq 100 Index among others. Today, however, we’ll examine an under-the-radar Bitcoin moving average crossover which looks imminent. Using Bitcoin’s reliable data from 2011 through today, let’s find out if this lesser known moving average crossover looks bullish or bearish going forward. This Lesser Known Moving Average Crossover May Soon Hit While the Golden Cross occurs when the 50-day simple moving average crosses above the 200-day simple moving average, Bitcoin’s 50-day simple moving average (50MA) currently looks poised to cross above its 100-day simple moving average (100MA) within days. Earlier this year, Bitcoin’s 50MA crossed above its 100MA as the number one crypto by market cap surged in January off of its post-FTX collapse low. Further Bitcoin gains followed from this most recent crossover. Bitcoin Daily Chart | BTCUSD on TradingView.com Now that Bitcoin has extended its year-to-date gains in recent sessions, its 50MA looks poised to cross back above its 100MA once again. Beyond the signal earlier this year, what’s happened in the past when Bitcoin’s 50MA has crossed above its 100MA? Sixty Days And Beyond Looks Bullish To find out, we’ll look at all signals since 2011, adding an extra condition which better describes current market conditions with respect to Bitcoin. Our extra condition requires that Bitcoin’s 100MA must be rising, meaning that the average closed at a value greater than the day before when the 50MA crossed above the 100MA. This additional requirement filters out 50MA > 100MA crossovers during periods of downward price momentum and better describes Bitcoin’s current technical state. While the holding time graphic below illustrates Bitcoin’s historical tendency for further upside following such signals, hypothetical gains appear unimpressively small with short-term holding times of seven to fifteen days, up only +1.8% and 1.9% respectively. Moving out to a 30-day holding time, the Average Trade of +10.4% looks far more promising. Bitcoin Holding Time Stats | SOURCE: Tableau From an intermediate-term perspective, however, the Average Trade stats jump significantly higher with hypothetical gains ranging from +45.7% with a 60-day holding time to +170.9% with a 90-day hold. Returning to the early 2023 signal and assuming a 90-day hold (1/25/23 to 4/25/23), Bitcoin’s recent 50MA >100MA crossover gained a respectable +22.7%. While it’s clearly below the Average Trade value for the full history of these crossover signals, Bitcoin may be poised for potentially higher prices if it’s 50MA can once again close above its rising 100MA. DB the Quant is the author of the REKTelligence Report newsletter on Substack. Follow @REKTelligence on Twitter for evidence-based crypto market research and analysis. Important Note: This content is strictly educational in nature and should not be considered investment advice. Featured images created with Tableau. Charts from TradingView.com.

It will be the first multi-chain web3 conference of this kind in India with a pan-industry agenda. On December 6-7, Bangalore will host the IBW flagship conference, which will be followed by the ETHIndia hackathon. Hashed Emergent is thrilled to sponsor a flagship conference in a week-long series of web3-centered events in Bangalore, the epicenter of India’s innovation and startup ecosystem, dubbed the “Silicon Valley of the East.” The new event, India Blockchain Week (IBW), seeks to establish itself as India’s first multi-chain web3 conference of international caliber with a pan-industry agenda. IBW and the series of events will highlight India’s growing influence in web3, as shown in both the acceptance of cryptocurrencies and the fascinating businesses coming out of the region. IBW is the main event in a week-long calendar of web3-related conferences from December 4–10. On December 4-5, there is a “warm up” session that includes hackathons, side events, and parties. The IBW flagship conference will take place on Wednesday and Thursday, December 6 and 7. The ETHIndia hackathon, one of the biggest Ethereum hackathons last year with over 2,000 participants and 450+ project submissions, will take its place. The Sheraton Grand Hotel in Whitefield, a significant IT and business center of Bangalore, will serve as the primary venue for the IBW conference. With participation from every corner of the blockchain industry, IBW will present a number of interesting speaker sessions, panel discussions, fireside chats, and moderated debates. The program of the event is intended to include as many experts and subjects related to the blockchain sector as possible, including technical, regulatory, and growth concepts. IBW will focus on the most recent trends and advancements in blockchain technology, prospects for investment, adoption and use cases, policy, and regulations. Additionally, the agenda will cover topics like the interaction of web3 and emerging markets, as well as the distinctive web3 landscape in India. MarketAcross, the leading web3 PR and marketing firm in the world, which is well-known in the area for its work with businesses like Polygon and Hashed Emergent, will participate in the event as the worldwide media lead. This comes after a number of web3 events, including IVS Kyoto, WebX, Paris Blockchain Week, Korea Blockchain Week, and WebX, where MarketAcross acts as the official media partner. According to Chainalysis’ Geography of Crypto Adoption report, India has quickly become one of the top web3 adopters, with on-chain value flows to the nation increasing 100-fold since 2019. India also has the most users across centralized and decentralized web3 finance venues. This is in spite of several regulatory obstacles since the Indian government has always been wary of cryptocurrencies and is now putting itself in a position for internationally unified regulation at the G20 Summit. Although the list of confirmed speakers is not made public yet, it will include illustrious local and international figures in the blockchain sector. Hashed Emergent, a unit of the well-known South Korean web3 venture fund Hashed, which continues to co-host Factblock’s enormously popular Korea Blockchain Week series of events, is the organization behind IBW.

Telescope Labs is excited to announce the release of its full solution suite. The startup company focuses on fundamental data analytics and AI-driven gaming economics. The London-based company has emerged from the shadows in the wake of a successful pre-seed investment round in September that drew over $2 million from Griffin Gaming Partners and Kube VC. The firm’s mission is to alter the Web3 gaming scene with cutting-edge technologies and significant collaborations. Telescope Labs focuses on allowing game firms to create viable virtual economies by using next-generation data analytics and predictive models. Its cutting-edge solutions include Market Intelligence and Data Analytic tools designed to provide insightful information and optimization possibilities for game publishers and developers. Along with its remarkable suite, Telescope Labs has forged strategic alliances with some of the top game development companies and projects, including Gamevolution, PlayEmber, Widow Games, and Pink Moon Studios. These continuous partnerships demonstrate the company’s dedication to pursuing innovation and cooperation in the quickly expanding Web3 gaming industry. Vantage, Telescope Labs’ highly developed and industry-specific LLM chat solution, is one intriguing development. Vantage, a ground-breaking tool with a natural language query interface, gives customers the power to easily analyze, produce insights from, and improve their game economies. In order for businesses to fully realize the potential of their game economies, Vantage is positioned to alter the way they approach data analysis and decision-making. Telescope Labs is in a good position to influence significant change in the gaming realm because of its dedication to excellence and industry partnerships.

The successful conclusion of its independent Type 2 SOC 2 audit today represented a key milestone for Nexo, the leading institution for digital assets worldwide. With this move, Nexo demonstrates its dedication to providing clients with industry-leading client data protection and guarantees a superior user experience for the company’s continuously expanding global clientele on its 360-degree platform. Leading compliance assessor A-LIGN, a technology-enabled security and compliance partner relied upon by more than 2,500 international organizations to help reduce cybersecurity risks, carried out the SOC 2 assessment. The assessment included a months-long investigation of Nexo’s activities, and it confirms that the organization’s operations, infrastructure, software, personnel, and data have all been properly examined and comply with the most stringent data privacy and protection regulations in the world. The SOC 2 test, which was created by the American Institute of Certified Public Accountants (AICPA), is respected across the world and is often used as a benchmark for measuring compliance in the financial services sector. Nexo has made a commitment to provide the greatest degree of security and transparency for the assets of its clients ever since its founding in 2018. Every choice the business makes is guided by this mindset, which also affects the services it provides. Nexo is unwavering in its commitment to offer safe and compliant innovation, from strategically working with the top authorities in custody to being the forerunner of real-time attestations in 2021. A huge array of security measures, including cutting-edge identity verification technology, 256-bit SSL encryption, and compliance with the CCSS Level 3 and ISO/IEC 27001 standards, are all part of Nexo’s security architecture, which is held to the same stringent standards as conventional banking organizations. Nexo is proud to carry this torch while keeping up with possible attackers’ developing abilities with the most recent SOC 2 certification. A-LIGN has received multiple honors from the Global InfoSec Awards, one of the most renowned and sought-after cybersecurity award events, as a tribute to its outstanding efforts in the industry.

APE token hits record low amid NFT market struggles and controversies. Investor confidence wanes as ApeCoin price plummets, signaling an uncertain future. In a shocking turn of events, ApeCoin (APE), the utility and governance token of the APE ecosystem, has almost plummeted to its all-time low this year. The ApeCoin Price reached a staggering $1.99 this month, marking a significant decline for investors. The downward trend has been evident throughout the month, with a 34.04% decrease and a 6.13% dump just this week. Comparatively, APE’s peak in March 2022 at $39.40 seems like a distant memory, with the current price standing at a meager $2.11, representing a massive 94.65% decrease. APE Price Chart, Source: Tradingview What’s Behind The ApeCoin Price Red Forest? The poor performance of the NFT market plays a substantial role in ApeCoin’s decline. The Azuki NFT collection creators recently raised approximately $40 million in their new launch. However, the excitement quickly turned sour when some major investors claimed they had been deceived. They argued that the newly launched collection closely resembled a previous one. It led to accusations of plagiarism or lack of originality. Furthermore, the floor price for Bored Ape NFTs experienced a significant drop, falling to around 27 ETH on Sunday night. This decrease indicates a staggering 88% decline from its peak in April 2022. As the NFT market faces growing skepticism, some individuals are speculating that NFT-linked cryptocurrencies like ApeCoin may be on a trajectory toward zero. ApeCoin Price finds itself near record lows, having lost over 90% of its value since its peak in April 2022. The coin’s trading volume stands at $46,589,301, reflecting a 21.69% decrease within a 24-hour period. Meanwhile today, the coin is trying to showcase its very slow recovery, the price stands at $2.08 with a surge of 0.09%. Finally, While the NFT market initially garnered considerable attention and enthusiasm, recent controversies and market downturns have led to a loss of investor confidence.

New Site is 8 MW expandable by 16 MW to a total of 24 MW, in the competitively priced PJM Market Bellefonte, PA, site was rapidly deployed and is online with ~2,600 Miners Hashing SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson’’ or the “Company”), a digital infrastructure provider, today announced that it has signed a new long-term lease agreement and operationalized a new facility in Bellefonte, Pennsylvania. The new Bellefonte facility has 8 MW of immediately available power, where Mawson has already deployed approximately 2600 miners that are online and hashing. The Bellefonte site will be a 100% self-mining facility. The site is capable of being expanded by an additional 16 MW, resulting in a total site capacity once fully deployed of 24 MW. Once the expansion is completed, the site will be capable of holding approximately 7,200 miners. The Bellefonte site is another strategic addition for Mawson in the PJM market, as it continues to look for optimal opportunities to continue to drive growth. Rahul Mewawalla, CEO and President, commented, “Securing and operationalizing our Bellefonte site further demonstrates Mawson’s capabilities to strategically identify expansion opportunities and our rapid deployment and activation expertise. This facility is an ideal opportunity for Mawson to continue to efficiently ramp our self-mining operations to increase Bitcoin production. This new site furthers Mawson’s focus on growth in markets where the energy mix, secure grid, favorable climate, robust communities, and local talent continue to be key drivers of our continued expansion.” Craig Hibbard, Chief Development Officer, added, “Our team has worked incredibly hard to activate and rapidly operationalize this new site along with deploying approximately 2,600 of our miners. We also expect to utilize this site as a next-generation testing facility for the latest generation ASIC designs and hardware.” About Mawson Infrastructure Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider with multiple operations throughout the USA. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches digital infrastructure, sustainable energy, and next-generation Mobile Data Center (MDC) solutions, enabling efficient Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and strategic growth, Mawson Infrastructure Group is emerging as a global leader in ESG focused digital infrastructure and Bitcoin mining. For more information, visit: www.mawsoninc.com CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 23, 2023, and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on May 15, 2023 and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law. Contacts Investor Contact: Sandy Harrison VP of Investor Relations and Capital Markets [email protected]

On-chain data shows that the Bitcoin exchange supply has only continued to decline despite the recent rally that the asset has observed. Bitcoin Exchange Supply Continues To Register Net Decline According to data from the on-chain analytics firm Glassnode, exchanges have continued to see withdrawals recently. The indicator of interest here is the “exchange balance,” which measures the total amount of Bitcoin that’s currently sitting in the wallets of all centralized exchanges. When the value of this metric goes up, it means that the investors are depositing a net number of coins to these platforms currently. As one of the main reasons why holders may transfer their BTC to exchanges is for selling-related purposes, this kind of trend can have short-term bearish consequences for the price. On the other hand, decreasing values of the indicator imply a net amount of the supply is leaving from the exchanges. Such a trend, when prolonged, can be a sign that the investors are accumulating at the moment. Naturally, this could be constructive for the cryptocurrency’s price. Now, here is a chart that shows the trend in the Bitcoin exchange balance over the last few years: As displayed in the above graph, the Bitcoin exchange balance had been in an overall uptrend during 2018 and 2019, but with the COVID crash in March 2020, a shift happened in the market and the indicator started moving in a downward trajectory. There was a break in this trend during the 2021 bull run, as the metric mostly moved sideways, with some increases coming near the top of the rallies. This deviation in the trend was possibly a result of investors depositing to take advantage of the profit-taking opportunity. With the end of the bull market and the transition toward a bearish period, though, the indicator resumed its decline. Events like the 3AC Collapse and the FTX Crash saw the exchange balance dropping especially hard, as these platforms going down made investors more wary of keeping their coins in centralized custody. With the start of the Bitcoin rally this year, however, the metric once again started moving sideways as demand for selling returned. In the leadup to the local top in April, exchanges were receiving net deposits as their supply outright registered an increase. Interestingly, while investors were looking to sell during the price surge back then, the latest uplift in the price above the $30,000 level has actually seen the exchange balance only decline further. This trend of net withdrawals can be a sign that there isn’t much appetite for selling in the market currently, at least when compared to the demand for taking coins to self-custody. With the latest drawdown, the Bitcoin exchange balance has dropped to 2.26 million BTC, which is the lowest the indicator has been since way back in March 2018. BTC Price At the time of writing, Bitcoin is trading around $30,700, up 1% in the last week.

KoinBX, India’s top crypto exchange, officially unveils the schedule of its first-ever ultimate crypto gala, Koin Crypto Meet 2023. The first edition of this remarkable event will be hosted on July 7, assembling the large crypto community in one of the busiest cities in India, Mumbai. KoinBX Crypto Meet 2023 is open to all venture capitalists (VCs), investors, traders, developers, media outlets, and Web3 enthusiasts. That is, all ‘cryptophiles’ (the label for people who love cryptocurrencies) are going to be gathered from 7 PM to 11 PM at Hotel Sahara Star in Mumbai. It is worth noting that KoinBX is partnering with Rimaunangis, an emerging crypto project that is revolutionizing the food chain and lifestyle industry, to inaugurate this crypto meetup. The gala markedly aims to emerge as the perfect arena for knowledge-sharing and networking with the dynamic crypto community. KoinBX Crypto Meet 2023 Mumbai upholds an all-inclusive agenda, exploring the latest trends and future of the crypto and Web3 landscape. Remarkably, “The Bitcoin Man” Herbert Rafael Sim, the popular crypto OG investor, is joining the evening as the special guest. Moreover, TheNewsCrypto, a Dubai-registered crypto media outlet, has teamed up with KoinBX and Rimaunangis as the official media partner to cover this crypto gala on Friday. The organizers recommend attendees reserve their slots for free. In order to take part in the event, register here About KoinBX KoinBX is a global crypto exchange that stands as the most-suited platform for traders of every level to buy, sell, and trade cryptocurrencies. By registering its trademark in the European Union, KoinBX bolsters its global expansion. The exchange carries the prime mission of boosting the recognition of deserving crypto projects. Website | Twitter | LinkedIn | Telegram | Facebook | Instagram About Rimaunangis Rimaunangis is the next-gen crypto project that merges the food chain & lifestyle industry with blockchain technology. Developed by Rimaunangis Digital LLC, the project is currently blazing a unique trail in content streaming, art, and fashion. This NFT and metaverse-centric ecosystem is powered by its native cryptocurrency RXT token. Website | Twitter | LinkedIn | Telegram | Facebook Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Bitcoin reached a 13-month high on Thursday. BTC witnessed a 2.39% increase in value over the past 24 hours. Bitcoin, the leading cryptocurrency, achieved a trading rate of $31,500 on July 6th, marking a 13-month high and demonstrating a rapid 2 percent increase within a single hour. Analyzing the trading movements in the crypto market, Bitcoin’s RSI (Relative Strength Index) is currently above 64.26, suggesting that BTC is approaching an overbought state. BTC price chart (source:TradingView) Bitcoin’s current trading price stands at $31,181.18 at the time of writing, exhibiting a 2.39% increase in value over the past 24 hours. The trading volume during this period amounts to $15,876,720,913. In April of this year, Bitcoin (BTC) finally surpassed the $30k mark, bringing great relief to investors who had eagerly anticipated this milestone since June 2022. Starting the year at a modest $16,000, the world’s most popular cryptocurrency experienced a rapid surge in value and eventually reached the highly anticipated $30k milestone, much to the delight of investors. Following a week of bearish sentiment, the market experienced a remarkable turnaround, propelled by the SEC’s intensified scrutiny of specific CEXes and the classification of several cryptocurrencies as commodities. The market reacted strongly to the news of Blackrock, the world’s largest asset manager, filing for a Bitcoin Spot ETF, as investors believe their substantial influence increases the likelihood of success despite previous rejections faced by other applicants. Highlighted Crypto News Today Bitcoin (BTC) Price Prediction 2023

Solana has observed an increase of more than 20% in the past week. Here’s what on-chain data says regarding whether this is sustainable or not. Solana Trading Volume Has Remained Low Despite Price Rise In its latest insight post, the on-chain analytics firm Santiment has looked at the underlying metrics of Solana to see what has been driving the latest increase in the price. The firm has looked at the “social volume” of the cryptocurrency for various social media platforms and has found that the asset has seen elevated interest on Reddit recently. Here, the social volume refers to a metric that measures the total number of unique posts or threads on a given social media platform that is making at least one mention of SOL. This metric can tell us about the degree of discussion that the coin is currently receiving on the website in question. Now, below is a chart that shows the trend in the Solana social volume on four major social media platforms: Telegram, Reddit, Twitter, and 4chan. As displayed in the above graph, the Solana social volume on Reddit has seen some spikes as the cryptocurrency has risen during the past week or so. The other platforms, however, haven’t observed that much discussion related to the asset. A notable spike in the social volume on Reddit also occurred before the coin’s 5% surge during the past 24 hours. This may imply that interest from users on the platform could partly be helping fuel the rise. In terms of the actual trading volume, though, SOL has continued to observe muted activity, despite the growth. Here is a chart that displays the trend in this indicator: Interestingly, the initial, strong rise that Solana enjoyed was accompanied by elevated volumes, but at the start of this month, the indicator’s value noted some decline. Since this drop in volume, SOL has mostly moved sideways. Generally, for any price rise to be sustainable, high trading volumes are required. This is due to the fact that participation from a large number of traders is needed to provide enough fuel for any such price move to go on. Despite the sharp growth that Solana has observed today, the trading volume remaining at low values would suggest that the wider market isn’t finding the rally interesting enough to make moves on the network. Naturally, if the rally has to go on for an extended period, volumes may have to return to the market. There is also the fact that the SOL funding rates (a measure of the periodic fee that futures traders are exchanging between each other) on Binance and DyDx have become quite positive recently. From the graph, it’s visible that the earlier increase in the asset’s price may have been helped by shorts being liquidated in the market – as the funding rates had been highly negative then. As long contract holders are the majority force in the futures market now, the chances of a long squeeze taking place are higher now. In this case, if one does take place, the price would feel a bearish effect. SOL Price At the time of writing, Solana is trading around $20, up 20% in the last week.

Breaking Shiba Inu news: The highly anticipated layer-2 solution Shibarium, along with other groundbreaking developments, is set to be unveiled at the upcoming Blockchain Futurist Conference and ETHToronto. Shiba Inu’s lead developer, Shytoshi Kusama, revealed in a new blog post today that these events will serve as platforms for showcasing Shibarium along with the finalized Worldpaper, introducing SHIB-branded projects, and shedding light on Treat. Sweet August For Shiba Inu Army Scheduled for August 15-16, 2023, ETHToronto and the Blockchain Futurist Conference will provide the perfect backdrop for Shiba Inu’s grand unveiling. ETHToronto is the official hackathon of the Blockchain Futurist Conference and a huge event for the entire Ethereum ecosystem. As the title sponsor, Shiba Inu solidifies its position as “a major player in the crypto space”, as emphasized by Kusama in the blog post. Remarkably, the release date aligns with SHIB’s approximate 3-year anniversary and being the birthplace of Eth. The SHIB community can expect an immersive experience, featuring presentations, demonstrations, and discussions that will reshape the future of Shiba Inu’s decentralized finance and governance. The highlight of these events will undoubtedly be the introduction of Shibarium, the highly anticipated cornerstone of Shiba Inu’s ecosystem. Shibarium aims to push the boundaries of scaling Ethereum, providing innovative solutions for the Shiba Inu community. The long-awaited L2 holds immense potential for revolutionizing the Shiba Inu ecosystem. Remarkably, the event is not only about Shibarium. As part of the events, all SHIB-branded projects will be unveiled, showcasing the project’s commitment to building a diverse and vibrant ecosystem. These projects, including Shib the Metaverse, Shibacals, Shiba Eternity, and Shiboshis, represent the multifaceted nature of Shiba Inu’s vision. As Kusama writes, there will also be new partnerships announced with Unification and Bad Idea.Ai. Furthermore, all projects that expressed interest in building with Shibarium Tech will be showcased at the conferences. Shiba Inu’s lead developer also emphasized the significance of Treat, a pivotal component of the project’s governance framework. At the Blockchain Futurist Conference, Treat will be publicly detailed for the first time. The SHIB army can expect comprehensive insights into Treat’s functionality and its role in empowering the decentralized ecosystem. Kusama stated: SHIB Is Up 3% With the news, the countdown to the eagerly awaited Blockchain Futurist Conference, where Shiba Inu will take center stage, has begun, and with it, possibly, a renewed SHIB hype. At press time, SHIB was trading at $0.00000758 and has risen around 3% since the publication of Kusama’s blog post. This puts the SHIB price on the verge of a possible breakout from the downtrend channel that has been in place since early February. A significant rise above $0.000008 towards the 38.2% Fibonacci retracement level ($0.00000831) and a subsequent breakout above this resistance is needed to avoid a fakeout.

BRC-20 tokens contributed to the drastic change in the market. The newest transaction fee amount may seem little compared to the $2.4 billion. Coin Metrics reports that this quarter, because of the rise in the value of BRC-20 tokens and Ordinals, Bitcoin miners have reaped an unexpected profit of several million dollars in transaction fees. Crypto analytics company claimed a previously “tepid fee market” for Bitcoin miners has been unexpectedly disrupted with its latest “State of the Network” report indicating miners earned $184 million from transaction fees in April, May, and June. Although the newest transaction fee amount may seem little compared to the $2.4 billion in Bitcoin mining income as a whole, Coin Metrics reports that it really represents more than the sum of the five previous quarters. It said that BRC-20 tokens contributed to “an exceptional change” in the market. Ordinals Bring Transformation Ordinals, introduced this year, allow users to build NFT-like assets on Bitcoin by attaching information to a satoshi, the lowest possible fraction of a Bitcoin (one hundred millionth of a Bitcoin). Some in the Bitcoin community have reacted negatively to the introduction of Ordinals, but prominent Bitcoin supporters like MicroStrategy co-founder and Executive Chairman Michael Saylor have pointed out the protocol’s potential to help miners remain profitable over the long term. The BRC-20 token standard was created in March, taking cues from Ethereum’s ERC-20 token standard. According to statistics, the market capitalization of BRC-20 tokens has increased to above $240 million. Users mint BRC-20 tokens by submitting a transaction with a fee to have their move to mint tokens processed on the Bitcoin network and included in the next block of transactions, thereby staking a claim on newly issued tokens from a launched BRC-20 project. Highlighted Crypto News Today: A New Era of Bitcoin Mining: How This Country is Reshaping the Landscape?

In June, developers made a total of 2,000 ETH (about $3.8 million) during the peak week. Both markets are actively working to minimize royalties paid on trades due to competition. Collectors seem to have continued to forego paying optional royalties despite months of friction between platforms and authors over the enforcement of NFT royalty payments. Royalty payments for NFTs hit a two-year low in June, according to statistics provided by analytics platform Nansen on Wednesday. In April of 2022, royalties were responsible for 28,000 ETH, or almost $76 million, in weekly profits for creators. Meanwhile, in June, developers made a total of 2,000 ETH (about $3.8 million) during the peak week. Intense Competition The development of royalty-optional marketplace Blur, as well as the policies of major platform OpenSea, have both contributed to a precipitous decrease in creative compensation. There is now a minimum royalty charge of 0.5% that applies if a collection’s smart contract does not have an on-chain enforcement mechanism for creator revenues. However, Blur requires a minimum royalty payment of 0.5%. In both circumstances, collectors have the option of making larger payments towards creator royalties, but this doesn’t seem to happen very often. According to Nansen analysts Javier Cerdan and Edward Wilson, due to intense competition, both markets are actively working to minimize royalties paid on trades. Despite a decrease in royalties in June, Nansen noted that certain high-profile collections had earned millions in total. Yuga Labs, the NFT industry giant, has earned approximately $166 million in royalties throughout its collections, which as of July 4 include BAYC, MAYC, and Otherdeed for Otherside. According to Nansen, the NFT group Chiru Labs has made over $58 million in royalties from its flagship Azuki collection and derivative ventures BEANZ and Elementals. Highlighted Crypto News Today: Credit Suisse Alongside Swiss Football Association Launch NFT Collection

Celo’s (CELO) increasing popularity stems from its unique focus on mobile-friendly decentralized finance (DeFi) solutions. Additionally, The Graph’s surge in trading volume is driven by its robust infrastructure for indexing and querying data on the decentralized web. However, that’s merely the beginning! VC Spectra (SPCT) is the newcomer shaking up the crypto space, driving innovation through cutting-edge technology. In an impressive feat, VC Spectra raised a remarkable $2.4 million in funding through its successful seed sale and private sale. >>BUY SPECTRA TOKENS NOW<< Crypto Community Embraces Celo (CELO) As A Promising Project The bulls have dominated Celo’s (CELO) price dynamics in the past week, pushing its price up by 34.85% to $0.6317. Celo (CELO) continues to attract positive investor sentiment, with its trading volume up by 16.14% due to its high TVL and solid fundamentals. Celo (CELO) has integrated Chainlink’s decentralized Data Feeds into its mainnet, empowering developers to build advanced DeFi applications. With secure nodes and a decentralized network, Chainlink Data Feeds offer reliable and transparent data, making it an affordable and efficient solution for Celo’s (CELO) ecosystem. In a significant move, Animoca Brands has teamed up with Celo (CELO) to revolutionize the world of gaming and the metaverse. By integrating with Celo’s (CELO) mobile-first infrastructure, Animoca Brands intends to expand the realm of web3 gaming and innovative pioneer solutions for social impact and climate action. Therefore, experts indicate Celo (CELO) can surge to $0.694 in the coming weeks. The Graph (GRT) Captivates Investors with its Revolutionary Data Indexing Protocol The Graph (GRT) continues its expansion by integrating with Cosmos Hub, marking its 35th chain integration and third non-EVM network. With this successful beta integration, The Graph (GRT) solidifies its presence in the Cosmos ecosystem and sets the stage for future integrations. Developers can now easily query Cosmos Hub data using The Graph’s GraphQL-based query system, bypassing the need for custom indexing infrastructure and costly data indexing services commonly found in web2 platforms. Furthermore, The Graph (GRT) has received significant community support for its Graph Improvement Proposal, setting the stage for an eventual migration to Arbitrum. The alliance brings numerous benefits to The Graph (GRT) ecosystem, including enhanced scalability, reduced data indexing costs, and faster transaction processing. Unsurprisingly, The Graph (GRT) has maintained a bullish rally in the past week, soaring by 15.35% to $0.1355. Experts say The Graph (GRT) can witness an upward momentum in the coming weeks, reaching $0.184. VC Spectra’s Unmatched Potential Drives Excitement in the Venture Capital Landscape VC Spectra (SPCT) is at the forefront of Fintech and blockchain, spearheading innovation through strategic investments. The platform utilizes meticulous selection procedures to ensure investors only access high-potential blockchain projects. Moreover, VC Spectra (SPCT) works with management teams to create value and optimize returns for investors. VC Spectra (SPCT) offers a wide range of investment funds, including the Quantum Ventures Fund, Nexus Fund, and the Alpha Matrix Fund. As a decentralized hedge fund, VC Spectra (SPCT) leverages AI to maximize profits and minimize risks. VC Spectra (SPCT) investors are entitled to buybacks and quarterly dividends from investment returns. Moreover, VC Spectra (SPCT) offers investors voting rights and exclusive access to early-stage blockchain startups and pre-ICOs. Emphasizing the importance of security and functionality, VC Spectra (SPCT) has developed its native token, SPCT, on the reliable Bitcoin blockchain. SPCT adheres to the BRC-20 protocol and boasts a deflationary framework, employing a burn mechanism to reduce the token supply gradually. The first stage of VC Spectra’s (SPCT) public presale is in full swing, allowing investors to acquire the token at $0.008. With the second stage right around the corner, a significant surge is expected, propelling VC Spectra (SPCT) price to $0.011. The presale will span several stages, culminating in the achievement of the target price of $0.08 when it officially launches. Join the ranks of astute investors who recognize VC Spectra’s (SPCT) limitless potential, and embark on a path toward unparalleled success. Learn more about the VC Spectra presale here: Presale: https://invest.vcspectra.io/login Website: https://vcspectra.io Telegram: https://t.me/VCSpectra Twitter: https://twitter.com/spectravcfund Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Bitcoin is the new gold and a global asset as per BlackRock CEO. US SEC staff often meets with ETF applicants to provide more clarification on their position. The U.S. SEC will meet with BlackRock, Fidelity Investments, and other spot Bitcoin ETF registrants next week. After resubmitting their applications to the U.S. SEC, all spot ETF hopefuls have now included information on their surveillance-sharing partners and other prerequisites. Bloomberg’s ETF experts Eric Balchunas and James Seyffart tweeted on Tuesday that they had a trustworthy source on next week’s meeting between the U.S. Securities and Exchange Commission and Bitcoin ETF applicants. Balchunas thinks they need to get together and discuss the potential of a spot Bitcoin ETF and the necessary changes to the regulations. Normal Protocol Post Filing Following an official filing, US SEC staff often meets with ETF applicants to decide on approval or rejection and provide more clarification on their position. Nonetheless, the crypto sector would benefit greatly from a meeting to approve spot Bitcoin, since the SEC under Chair Gary Gensler has repeatedly rejected a spot Bitcoin ETF despite allowing other comparable ETFs. The first leveraged Bitcoin futures exchange-traded fund, Volatility Shares 2x Bitcoin Strategy ETF, was authorized by the US SEC last month after a rush of Bitcoin ETF registrations. And now that they know the specifics of their surveillance-sharing agreements, several firms have resubmitted their spot Bitcoin ETF. On the other hand, on Wednesday, BlackRock CEO Larry Fink stated that the company’s application for an ETF is a “way to democratize crypto and make it cheaper.” Bitcoin, he says, is the new gold and a global asset. BlackRock is applying for the first Bitcoin exchange-traded fund (ETF) and intends to collaborate with authorities to do so. As predicted by Bloomberg’s experts, trading a Bitcoin ETF will only cost 0.01% on all prominent crypto platforms. Highlighted Crypto News Today: Twitter Receives First Money Transmitter License in Three U.S States

A new country has emerged as a leading destination for Bitcoin mining. The country has more than 30 free trade zones for crypto firms. The crypto market has gained significant attention around the world. Countries are continuing to utilize digital assets and carry out strategies to attract traders, investors, and cryptocurrency companies. As the world continues its rapid shift towards digital currencies, the United Arab Emirates (UAE) has emerged as a leading destination for Bitcoin miners in the Middle East. The process of mining requires substantial computational power. Bitcoin miners continued to choose the UAE as a favorable region with ideal conditions for mining. With its advanced infrastructure, favorable regulatory environment, and abundant renewable energy sources, the UAE is attracting crypto firms seeking to capitalize on the Bitcoin mining industry. The United Arab Emirates is a Middle Eastern nation bordering the Persian Gulf that encourages business and entrepreneurship. Moreover, it is a country where people are curious about new technological advancements. With the massive advancements, UAE emerged on the global Bitcoin mining map in early 2023. Establishing the UAE as a Key Player in Bitcoin Mining In the past few years, two giga projects have emerged with the support of a local sovereign wealth fund. It established the UAE on the global Bitcoin mining map as a serious and ambitious player. This sovereign wealth fund has been in charge of all significant mining initiatives in the UAE in collaboration with established industry players like Marathon. In late 2021, the digital asset arm of Abu Dhabi’s sovereign wealth fund (Zero Two) announced its partnership with the local Bitcoin mining platform Phoenix Technologies. The partnership is to build a 650 MW hydro-cooled mining farm in Abu Dhabi. The investment for the project is around $2 billion, making it the biggest investment in a single Bitcoin mining project. Recently, Zero Two announced the second Bitcoin mining partnership with the US public miner Marathon. With the partnership, Zero Two and Marathon will build and operate two immersion-cooled Abu Dhabi facilities totaling 250 MW. In this project, Zero Two will own 200 MW and Marathon 50 MW. Moreover, almost all mining activity in the nation occurs in Abu Dhabi, the largest and most energy-rich of the seven emirates. The UAE is a significant player in the global energy market. Currently, the country’s operational Bitcoin mining capacity is around 400 MW. The capacity is expected to surge to over 600 MW by the end of this year. Free Trade Zones for Crypto Firms Most importantly, the UAE is the country where Bitcoin miners may operate with the least taxation. The country has more than 30 free trade zones where Bitcoin miners can register in any one of them to avoid corporate tax, VAT, and import duties. This is a great advantage for the country in a competitive sector like Bitcoin mining. As of now, there are no specific regulations for the Bitcoin mining sector. Except for the big semi-government projects, all the miners are currently operating in the legal gray zone. Moreover, the sector is expected to be regulated soon, with the country creating a licensing scheme. With all the advancements, the UAE is expected to become an important Bitcoin Mining country in the upcoming years. UAE’s Dominance in Crypto Adoption According to the report, Bitcoin miners made $184 million in fees during Q2 of 2023, an increase of 270% from the year 2022. Moreover, the Financial Index shared data showing that the UAE has become the country with the highest number of crypto users. Top Countries Crypto Users Chart The data clearly shows that the UAE has the highest number of crypto users, with 27.67%. The recent developments and advancements make the UAE the leading crypto hub among other countries. The UAE’s tax benefits are one of the factors that have attracted a significant amount of foreign direct investment. With this innovation and crypto-friendly environment, the UAE is expected to achieve more significant milestones in the upcoming days. Following the UAE, Vietnam takes second place with 20.53%. Singapore stands in third place with 13.93%. Moreover, Iran and the United States take the next two spots with 13.46% and 13.22%, respectively. Recommended For You: Largest Bitcoin Mining Firm Invests $162M in Expansion, Find Out Why

Dubai, UAE, July 6th, 2023, Chainwire OKX’s Signal Trading is a trading bot and marketplace that bridges the gap between signal providers and traders Signal Trading will be integrated with TradingView, enabling signal providers and traders to create signals directly on the leading charting platform A pre-launch waitlist is available now for signal providers and institutions OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, has announced the upcoming launch of Signal Trading, a marketplace where users can access automated trading strategies based on technical analysis, or ‘signals,’ which indicate whether to buy or sell crypto. The marketplace, set to launch in August-September 2023, will allow users to choose from a range of signal providers, including institutions and pro traders. Interested users and signal providers can sign up to the waitlist to be the first to receive updates and access. Signal Trading will be integrated with TradingView, enabling signal providers and traders to create signals directly on the charting platform, as well as specify the desired action, instrument and other parameters associated with that particular trading signal. With Signal Trading, users can access, follow and copy signals without manual execution, saving time and effort. Advantages for signal providers include: Expansion opportunities by listing signals on OKX’s Signal Trading, giving them access to a marketplace of over 50 million traders Integrated with TradingView, a leading platform for generating signals In many cases, a significant reduction in latency and costs typically associated with listing signals on third-party platforms Advantages for signal traders include: Avoidance of subscription fees associated with third-party platforms In many cases, a significant reduction in latency issues that are prevalent on third-party platforms Trust and reliability of using one of the world’s leading crypto exchanges A wide variety of signal providers to choose from and compare OKX Global Chief Commercial Officer Lennix Lai said: “OKX Signal Trading will further improve users’ trading experience on OKX by providing access to a diverse range of high-quality signals from top providers, reducing manual entry errors and unlocking a world of trading opportunities for traders. With advanced algorithms, real-time market data and a diverse range of signal providers available, Signal Trading will be the ultimate solution for those seeking to elevate their trading game and connect with a global community of traders.” About OKX OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere. As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com Disclaimer This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances. Contact Press [email protected]

Bitcoin Cash (BCH) is captivating the attention of the crypto community with its ongoing price surge. The recent inclusion of BCH on EDX, a Citadel Securities-backed crypto exchange, has sparked fresh interest in this digital asset. As investors eagerly monitor its progress, the price of BCH on CoinGecko stands at $291.80, showcasing a 24-hour rally of nearly 7% and an impressive seven-day surge of 27.5%. The overall bullish sentiment in the crypto market has contributed to the positive trajectory of BCH. As cryptocurrencies gain mainstream acceptance and adoption, investors are seeking alternatives beyond the traditional giants like Bitcoin and Ethereum, and BCH has emerged as a viable contender. However, the question on everyone’s mind is whether Bitcoin Cash can sustain its current bullish streak. BCH Whales Pause Buying Spree Amidst Price Surge While the recent listing on EDX has undoubtedly played a part in this rally, on-chain data reveals an intriguing aspect of the price surge. A cluster of Bitcoin Cash whales holding significant amounts of 1 million to 10 million coins has emerged as a pivotal player in driving last month’s rally. Between June 21 and June 30, these BCH whales accumulated 170,000 coins, which amounted to approximately $52.4 million in value. Their substantial purchases had a significant impact on the asset’s price, as whales possess substantial financial power and strategic influence on other investors. When whales buy more coins, it often leads to an increase in the asset’s price. However, an interesting development emerged in July. The same cluster of BCH whales, who were actively accumulating coins during the June rally, has conspicuously paused their buying spree. Specifically, between July 1 and July 4, their total BCH balances remained relatively stable, hovering around 1.51 million coins. The Future Trajectory Of Bitcoin Cash The whales’ decision to halt their buying activity raises questions about the current market sentiment surrounding Bitcoin Cash. Are these whales taking a cautious approach, waiting to assess the market before making further moves? Or does their pause indicate a temporary lull in the BCH price surge? Understanding the behavior of large-scale investors such as whales is essential in predicting market trends. Their actions often influence the sentiments and decisions of other traders and investors. The temporary pause in their buying activity could potentially impact the short-term price dynamics of Bitcoin Cash. As the market eagerly watches Bitcoin Cash, the question arises as to whether the recent price surge can be sustained without the continued support of these influential whales. The coming weeks will shed light on the market’s overall sentiment and the role these whales will play in shaping the future trajectory of Bitcoin Cash. (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 Crypto Economy

On June 11, Shiba Inu’s daily active address count reached a peak of 42,822. The current trading price of SHIB stands at $0.000007566. Over the past few months, the crypto industry has seen extraordinary growth, with several assets experiencing substantial increases in value and network activity. Shiba Inu (SHIB) was among the cryptocurrencies that flourished during this period. Shiba Inu (SHIB) has garnered considerable attention in the second quarter of this year, evident from the daily influx of new addresses. A significant milestone was reached by Shiba Inu (SHIB) on June 27, as it recorded the creation of more than 4,000 new addresses. The increased market interest in Shiba Inu, despite its challenges, indicates a growing demand and intrigue surrounding the cryptocurrency. Shiba Inu (SHIB) active 24-hour addresses (Source: Santiment) According to Santiment’s findings, there was a notable surge in 24-hour active addresses for SHIB, further emphasizing the growing engagement and participation within the Shiba Inu community. Reaching a peak of 42,822 on June 11, the daily active address count for Shiba Inu experienced its most significant surge in over a year. Indicating a notable increase in user engagement with the digital asset. With a market capitalization of $4.4 billion, Shiba Inu (SHIB) ranks as the 18th largest cryptocurrency by market cap. As per the latest data from CoinMarketCap, the current trading price of SHIB stands at $0.000007566. The cryptocurrency has witnessed a 1.96% decrease in value over the past 24 hours, while the trading volume during this period amounted to $127,349,884. Highlighted Crypto News Today Shiba Inu (SHIB) Price Prediction 2023

Binance Adds Verge (XVG) on Isolated Margin. XVG surged 144.24% in seven days. Binance, one of the leading cryptocurrency exchanges, recently announced the addition of Verge (XVG) as a new borrowable asset on their Isolated Margin platform. This development comes at a time when Verge has experienced significant price fluctuations, reaching an all-time high of $0.0076 earlier this year. However, the coin has faced recent downward pressure, with a decline of 17.81% today. Despite this, Verge maintains a market value of $128,376,996 and a diluted market cap of $128,263,803. It also coupled with an impressive trading volume of $239,121,852, which is currently up by 19.87%. The Rise and Fall of Verge Verge has seen a rollercoaster ride in its price action over the past year. Experiencing a surge of 144.24% within a span of just seven days, the coin showcased its potential for growth. However, like many cryptocurrencies, Verge (XVG) has also faced periods of bearish sentiment. Nevertheless, the recent addition of XVG as a borrowable asset on Binance suggests that the exchange sees potential in the coin, even amid market turbulence. XVG Price Chart, Source: Tradingview Within the crypto community, a new term is gaining popularity: “dino coin renaissance.” This term refers to a renewed interest in more established cryptocurrencies that have been overshadowed by newer, trendier tokens. Verge falls into this category as it has been in existence for a while but may have been overlooked during the recent frenzy. Meanwhile, Binance‘s decision to the addition of Verge (XVG) as a borrowable asset indicates that it recognizes the potential of the coin. And its ability to attract traders and investors. By expanding the range of assets available for margin trading, it is catering to the diverse needs and preferences of its user base. This move can provide opportunities for traders to engage in leveraged trading on the XVG/USDT pair. Finally, As the market continues to evolve, it will be interesting to observe how Verge (XVG) performs. And whether it can leverage its newfound visibility to regain bullish momentum. Highlighted News Today Breaking : BlackRock CEO Larry Fink Says Bitcoin Is an International Asset