On-chain data shows the divergence between the Bitcoin long-term holders and short-term holders has grown to record levels recently. Bitcoin Market Has Been Continuing Its Shift Towards HODLing As an analyst in a post on X explained, the gap between the speculators and HODLers in the market has only grown wider recently. The “short-term holders” (STHs) and the “long-term holders” (LTHs) are the two primary cohorts that the entire Bitcoin market can be divided into. The STHs refer to all those investors who purchased their coins less than 155 days ago, while the LTHs include the holders who have been holding onto their tokens beyond that period. Statistically, the longer an investor keeps their coins dormant, the less likely they become to sell them at any point. Due to this reason, the STHs are usually the group with the weaker conviction of the two. The LTHs often hold through volatile periods in the asset without moving an inch, which has earned them the popular name “diamond hands.” The STHs, on the other hand, tend to sell quickly whenever FUD emerges in the sector, or a profitable selling opportunity appears. Now, here is a chart that shows the trend in the supplies of these BTC investor groups throughout the history of the cryptocurrency: The graph shows that the Bitcoin LTH supply has been on an uptrend during the past couple of years, while the STH supply has been going down recently. This would suggest that the overall supply of the cryptocurrency is continuously becoming more dormant. The gap between these groups is the widest it has ever been, as the LTH supply is nearing the 15 million BTC mark, while the STH supply has dropped under the 2.5 million BTC level. The latter’s latest value is the lowest it has ever been since 2011 when the asset was still in its infancy. It would appear that short-term speculators in the market have thinned to record lows. Last month, Bitcoin witnessed a sharp crash from above the $29,000 level to below the $26,000 mark, and the asset has not recovered. As is apparent from the chart, though, the LTHs haven’t cared about the asset’s struggle at all, as their supply has only continued to head up while the STHs have shrunken down further. The LTH group remaining strong and continuing its growth may not affect the market in the short-term, but during longer periods, the supply continuing to become locked in the wallets of these HODLers could have a bullish impact due to how supply-demand dynamics work. BTC Price At the time of writing, Bitcoin is floating around the $25,700 mark, registering a dip of 6% over the past week.

Anoma Foundation, a non-profit organization focused on blockchain technology, today unveiled its intentions for the Namada mainnet. Awa Sun Yin, a co-founder of Namada, made the announcement at Korea Blockchain Week in Seoul. With an emphasis on asset-agnostic privacy across several blockchains, Namada functions as a Layer-1 blockchain protocol. Namada’s innovative use of zero-knowledge cryptography, which enables a singular shielded set that can accept any fungible or non-fungible assets from the Ethereum or Cosmos chains, preserves the integrity of multichain transactions. This is one of the platform’s primary differentiators. Namada takes an unconventional strategy that surpasses restrictions by offering composable privacy. With the help of this functionality, existing assets, decentralized apps, and even whole blockchain networks may be seamlessly retrofitted with privacy features without having to change their fundamental architecture. Namada provides guarantee that user privacy remains unharmed even when users interact with transparent chains or decentralized apps that lack inherent privacy protections. “Shielded actions,” a cutting-edge technology that permits private communications across a variety of platforms and apps, achieves this high degree of privacy integration. Anoma and Namada’s blockchain research and development company Heliax has made significant strides, including organizing the biggest trusted setup ceremony ever with a staggering 2510 participants as of December 2022. More than 200 institutional and independent validators have taken notice of and participated in Namada’s successful navigation of challenging public testnets. In the near future, further details on Namada’s formal launch, mainnet roadmap, token economics, and genesis proposal will be made public.

Solana Newtwork users had dropped to a two-year low. SOL experienced an increase of over 3% in the last 24 hours. Solana (SOL), one of the top 10 cryptocurrencies in the world by market cap, has shown a significant surge in the last 24 hours. The unexpected increase from Solana caught the attention of the cryptocurrency community, even though the entire market is in severe decline. At the same time, the number of active addresses on the Solana network reached a two-year low recently. On September 6, the founder of Wealth Mastery, a crypto newsletter, Lark Davis, tweeted that Solana users have dropped to a two-year low. On the other hand, Solana has recently revealed the big news that Visa is expanding its USDC settlement pilot to the Solana Blockchain. Following the announcement, SOL experienced an increase of over 3% in the last 24 hours. Adding to that, Solana Pay recently partnered with Shopify to enable USDC payments via a plugin. While SOL is experiencing a remarkable surge in price, the active wallet address has shown a massive drop. However, the recent Visa expansion update is expected to bring users back to the Solana Network again. Solana Climbs to the Top Gainer List Adding to that, with this sudden surge, Solana climbed to the second position on the top gainers list on September 6. Notably, among the top 100 cryptocurrencies, SOL has been the top gainer in the last 24 hours. The top cryptocurrencies, including Bitcoin and Ethereum, have experienced bearish momentum over the past few weeks. The remarkable surge from Solana is expected to boost investor’s confidence. At the time of writing, Solana has been trading at $19.82, with an increase of over 2.84% in the last 24 hours. The daily trading volume of SOL has experienced a massive surge of 81.04%, according to CoinMarketCap. Moreover, SOL’s price is inching closer towards the $20 mark. With bullish momentum, Solana is expected to cross the $20 mark soon. Do you think SOL will continue its bullish momentum to breach the $20 mark? Tweet to us at @The_NewsCrypto and let us know your thoughts.

Weekly on-chain transactions have increased by more than 1,700% since January. Cardano had a 1.6 million rise in transaction volume in August. Cardano (ADA) is pushing things to the next level with the introduction of Hydra, which has been praised for its emphasis on scalability and sustainability. The newest Hydra release is supposed to increase Cardano’s transaction throughput to millions per second. Cardano’s improved scalability will make it more appealing to developers of decentralized applications. It will strengthen the safety of the Cardano network while decreasing transaction fees. Significant Growth Recorded Cardano (ADA) is also witnessing a huge increase in network activity, according to data from blockchain analytics company Santiment. Weekly on-chain transactions have increased by more than 1,700% since January, suggesting Cardano is positioning itself for an upward surge. Moreover, Cardano had a 1.6 million rise in transaction volume in August, compared to the previous month. This increase coincides with the release of two new projects. Bringing the total number of projects on the platform to 138, with another 12 in the development stage. Recent changes include an increase from 750 to 850 token policies and the minting of 140,000 new native tokens on the Cardano platform. Although network activity of Cardano has shown significant growth, ADA price has been facing a severe downtrend and the price now stands at $0.2558. Source: CoinMarketCap The price of ADA has been trading with a negative bias for the last two months, wiping out all of the gains made during the July 13 rise. Moreover, the price is down 14% in the last 30 days as per data from CMC. Partially due to the SEC’s classification of ADA as a security and the general market sentiment, the cryptocurrency is facing bear dominance.

Paysafe and Eightcap strengthen their existing partnership to deliver innovative embedded trading and digital wallet solution, set to be rolled out to shared partners in the EU later this year LONDON–(BUSINESS WIRE)–Paysafe (NYSE: PSFE), a leading payments platform, and Eightcap, a global retail trading provider, are excited to announce the strengthening of their partnership through the introduction of an innovative Embedded Trading Wallet solution. This strategic collaboration aims to provide a joint embedded finance solution for Eightcap and Paysafe’s shared partners and merchants. Eightcap and Paysafe first established a successful payments partnership in 2016, with Paysafe providing a wide range of payment options for Eightcap global traders including digital wallets like Skrill and NETELLER, as well as various local payment methods. Expanding on this collaboration, the newly introduced Embedded Trading Wallet utilizes Paysafe’s digital wallet infrastructure and Eightcap’s trading technology. This innovative solution allows partners to offer a white-label, plug-and-play trading and payment wallet for their retail traders, making it easier and more convenient for them to engage in trading activities from every corner of the globe. The Embedded Trading Wallet, hosted within Paysafe and Eightcap’s combined global licensing framework, brings together compliance expertise, and payments and trading capabilities to offer partners a seamless and secure trading wallet, empowering them to offer their customers a convenient, secure and reliable trading and digital wallet solution. Eightcap, a global leader in retail derivatives trading, stands out in the industry with its unique B2B embedded trading API, which allows partners to seamlessly offer over 1,000 tradable instruments in Stocks, Indices, Crypto, FX, and Commodities. “We’re delighted to be embarking on this strategic partnership with Eightcap and facilitating its embedded trading wallet solution through white labelling our products and services,” said Micah Kershner, SVP of Crypto and Digital Assets at Paysafe. “Embedded finance is the future, and we believe this solution will revolutionise the trader’s experience.” Patrick Murphy, Director of UK at Eightcap, commented, “We are extremely excited to be entering into this new phase of our partnership. This solution will enable unparalleled payment capabilities for our global partners and traders.” Eightcap and Paysafe will be attending TOKEN2049 in Singapore (September 13 and 14). To request a meeting with Paysafe, please email [email protected]. ### About Paysafe Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With 25 years of online payment experience, an annualized transactional volume of over $130 billion in 2022, and approximately 3,300 employees located in 12+ countries, Paysafe connects businesses and consumers across more than 250 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com About Eightcap Melbourne headquartered Eightcap is a global leader in retail derivatives trading. The company offers a comprehensive range of trading options, including Cryptos, Stocks, Indices, FX and Commodities. Eightcap offers these regulated derivatives to traders from over 120 countries via its global licensing framework. It is regulated in Australia (ASIC), UK (FCA), the Bahamas (SCB) and Cyprus/EU (CySEC). Eightcap is an industry leader in regulated crypto derivatives, partnering with TradingView to enable their users to trade their suite of regulated crypto derivatives via their broker integration with TradingView. CFD trading carries significant risks, so is not suitable for all investors, so please ensure that you are fully aware of the risks involved, seek independent advice if necessary, and read the relevant legal documentation (available from our website) before making any decisions. For further information, visit www.eightcap.com Contacts For more information, please contact: The Paysafe Press Office via [email protected]

Bitcoin experienced a 7% dip over the past seven days. The SEC delays Bitcoin ETF decisions, creating market uncertainty. In a rollercoaster ride of hope and despair, Bitcoin, the largest market capitalization Cryptocurrency, sent ripples throughout the community when its price soared from $25,912 to $28,089, following Grayscale Bitcoin Trust’s (GBTC) triumph over the Securities and Exchange Commission (SEC) on August 29. However, this bullish momentum proved to be fleeting as bears swiftly regained control. It pushes it back into the seemingly confining range of $25,628 to $25,858. Adding to it, BTC experienced a 6.25% decline in the past seven days. Recently, discussions of a potential Bitcoin exchange-traded fund (ETF) approval heated up the bullish mood. But the initial buzz subsided when the SEC, later in the week, delayed decisions on several spot Bitcoin ETF applications, including BlackRock’s, until 2024. Meanwhile, Bitwise officially withdrew its Bitcoin and Ether ETF applications, adding to the negative sentiment. Rumors have also swirled that BlackRock may be manipulating Bitcoin prices in anticipation of its ETF launch. However, analysts suggest this theory appears speculative at best. The investment giant has more to lose than gain from a dramatic Bitcoin price crash. Nonetheless, despite the short-term uncertainty stemming from a complex U.S. regulatory landscape, institutional investors remain resolute in their long-term outlook for cryptocurrencies. Nine top-tier investment firms such as WisdomTree, and VanEuk currently have ETF applications awaiting the SEC’s verdict. Bitcoin ETF Approval is in Control of BTC Price? In a recent market report dated September 5, K33 senior analyst Vetle Lunde and Anders Helseth, Vice President, indicated that the last three months have significantly enhanced the chances of a spot Bitcoin ETF approval. Strikingly, this positive sentiment hasn’t translated into substantial price gains for Bitcoin or other major cryptocurrencies. According to them, an ETF approval would be a game-changer, attracting massive capital inflows and substantially increasing Bitcoin’s buying pressure. In contrast, they suggest that a potential spot ETF rejection would have negligible consequences, with Bitcoin prices largely maintaining their current status quo. What’s Next For BTC? A closer examination of Bitcoin’s recent price movements paints a vivid picture of the ongoing struggle between bullish and bearish forces. The short-term 9-day exponential moving average (EMA) currently hovers at $26,026, underscoring the prevailing bearish sentiment. The Relative Strength Index (RSI) sits at 39, indicating that oversold conditions may be imminent. At the time of writing, Bitcoin is trading at $25,752, accompanied by a 1% dip in trading volume in the last 24H. The digital asset finds itself perched near the support zone within the wide-ranging corridor of $24,800 to $31,000. Notably, the $24,800 level is expected to be a battleground where bulls and bears will fiercely contest. Should this level give way, a sharp decline could follow, potentially driving the BTC/USDT pair toward the critical support at $20,000, with only a minor cushion at $24,000. Conversely, there remains a glimmer of hope for the bulls. If they manage to break through the $26,833 barrier, the pair could ascend toward the 50-day Simple Moving Average (SMA) at $28,221. Will BTC Break its Bearish Momentum? Share your thoughts by tweeting us at @The_NewsCrypto

As Ethereum (ETH) grapples with quite a tense market sentiment, crypto investors are on edge, with some sounding cautionary alarms about the potential for further price erosion before any sign of recovery. The second-largest cryptocurrency by market capitalization has faced tumultuous weeks, with its price bouncing off the $1,626 support level, giving bulls a glimmer of hope. In a bid to regain lost ground, Ethereum needs to engineer a bullish breakout from the overhead trendline, aiming to potentially push its price back up to $2,020. ETH Bullish Breakout Looms, But Challenges Persist Over the past few weeks, Ethereum has witnessed multiple rebounds from the support trendline, thwarting sellers’ attempts to instigate a significant correction. The current ETH price hovers around $1,629, showing modest 24-hour gains of 0.5% but a seven-day dip of 4.9%. According to recent price analysis, if buyers maintain their pressure and the support trendline remains resilient, Ethereum could witness a 5-6% surge. Such a surge could challenge the persistent descending trendline that has dominated the ongoing corrective phase, and breaking past this resistance is crucial for a more pronounced recovery. Ethereum’s Dwindling On-Chain Activity Raises Concerns While Ethereum’s price struggles, there has been a noticeable decline in transaction volume and overall activity on the Ethereum blockchain. Recent data shows that transaction volume has hit a nine-month low, accompanied by daily transaction fees reaching an eight-month low. This trend has sparked concerns within the crypto community, with a growing consensus that users are losing interest in the Ethereum blockchain and possibly exploring alternatives. Around mid-April, there was a significant shift in investor sentiment towards Ethereum, which was then trading at approximately $2,140 and had experienced substantial gains for the year. During the following four months, there was a consistent trend of large-scale selling by Ethereum “whales,” individuals holding between 10 and 10,000 ETH in their crypto wallets. These whales are often regarded as informed and influential players in the cryptocurrency market. One notable development that has raised eyebrows is the actions of Ethereum co-founder Vitalik Buterin. Observers have noted that Buterin has been transferring substantial amounts of Ethereum from his public wallets to other cryptocurrency wallets over the past month. The approximate sum of $6 million worth of Ethereum being moved has led some to view this as a potential red flag. Comparable to corporate insiders selling their shares when anticipating a price decline, Buterin’s actions have added to the uncertainty surrounding Ethereum’s future trajectory. With investors cautiously optimistic about a potential price rally, Ethereum must overcome significant challenges, including breaking past key resistance levels and reigniting user interest in its blockchain. All eyes remain on Ethereum’s next moves, as well as Buterin’s, along with crypto enthusiasts bracing for what the future holds for this influential digital asset. (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 Adobe Stock

In a crucial development for the financial markets, the US Dollar Index (DXY) has surged to its highest level since March, marking a pivotal moment for Bitcoin and the broader crypto sector. The DXY, which gauges the Greenback’s performance against a basket of six major currencies, has extended its gains above the 104.000 mark in the past four day, reaching a five-month peak at 104.907. At press time, the DXY was trading at 104.773. From a technical standpoint, the DXY has exhibited a bullish bias, especially after surpassing the 200-day Moving Average (DMA) on Thursday last week. For the DXY to solidify its bullish stance, it needs to surpass the year-to-date (YTD) high of 105.882, which would then bring the 106.000 mark into focus. Surpassing this level could set the stage for the DXY to challenge the November 30 daily high of 107.195 and potentially rally towards March’s 21 high of 107.993. However, on the flip side, if the DXY were to dip below 104.538, it could trigger a correction, targeting the 200-DMA (currently at $103.326). In the short term, while the DXY remains bullish, it must breach the 38.2% Fibonacci retracement level at $105.368. Renowned macro analyst Henrik Zeberg weighed in on the DXY’s trajectory, predicting that DXY bulls shouldn’t get too excited, “I just love this BEARISH – bullish move in DXY. Let the DXY Bulls get overly excited! Exactly what is needed for the reversal. 106.0 – 106.3 (is key).” How Will Bitcoin Respond To DXY’s Strength The inverse correlation between Bitcoin and the DXY has been a topic of interest in recent years. With the DXY’s recent surge, concerns are mounting about potential downward pressure on Bitcoin and crypto in the short-term. Some analysts believe that another uptick in the dollar could push Bitcoin towards the $23.500 mark, especially given the relatively low levels of open interest (OI) and volume for BTC. Glassnode founders Yann Allemann and Jan Happel provided insights into Bitcoin’s outlook, noting, “Mid-term outlook: Favorable risk/reward, but short-term, uncertain ($25.8k – $26.8k). Possible downside ($23.8k – $24.8k) due to bearish trend. Signs of bottoming: RSI bullish divergence, fading volatility. […] We’re close to the bottom, but the environment is still unstable.” Elaborating on the current market conditions, they added, “We’re in an unstable environment. Wait for the dip or buy the breakout. Bitcoin Risk Signal near extremes. $25.8k – $26.8k is No Man’s Land. The mid-term risk/reward is favorable for BTC and crypto.” Moreover, they predict that Bitcoin will bottom out in mid-September when the DXY reaches its top, setting Bitcoin and crypto up for a stellar October. At press time, BTC price remained stagnant below $27,800.

Bullish MANA price prediction for 2023 is $0.4254 to $0.6097. Decentraland (MANA) price might reach $1 soon. Bearish MANA price prediction for 2023 is $0.1993. In this Decentraland (MANA) price prediction 2023, 2024-2030, we will analyze the price patterns of MANA by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Decentraland (MANA) Current Market Status What is Decentraland (MANA)? Decentraland (MANA) 24H Technicals DECENTRALAND (MANA) PRICE PREDICTION 2023 Decentraland (MANA) Support and Resistance Levels Decentraland (MANA) Price Prediction 2023 — RVOL, MA, and RSI Decentraland (MANA) Price Prediction 2023 — ADX, RVI Comparison of MANA with BTC, ETH DECENTRALAND (MANA) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Decentraland (MANA) Current Market Status Current Price $0.295 24 – Hour Price Change 1.14% Up 24 – Hour Trading Volume $45,830,947 Market Cap $558,760,398 Circulating Supply 1,893,095,371 MANA All – Time High $5.90 (On Nov 25, 2021) All – Time Low $0.007883 (On Oct 13, 2017) MANA Current Market Status (Source: CoinMarketCap) What is Decentraland (MANA) TICKER MANA BLOCKCHAIN Ethereum CATEGORY Virtual Reality LAUNCHED ON February 2020 UTILITIES Governance, security, gas fees & rewards Decentraland (MANA) is the native token of Decentraland, a decentralized virtual reality platform. Decentraland (MANA) is a cryptocurrency that allows users to purchase, develop, and trade virtual land in a decentralized manner. Users purchase various in-game assets using MANA. They also receive voting rights by holding Decentraland (MANA) tokens. Decentraland deploys two different tokens, MANA and LAND. MANA serves as the governance token and digital currency of the project. LAND are the native non-fungible tokens that represent the plots of the metaverse. Decentraland 24H Technicals (Source: TradingView) Decentraland (MANA) Price Prediction 2023 Decentraland (MANA) ranks 60th on CoinMarketCap in terms of its market capitalization. The overview of the Decentraland price prediction for 2023 is explained below with a daily time frame. MANA/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Decentraland (MANA) laid out a Descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend. Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts. At the time of analysis, the price of Decentraland (MANA) was recorded at $0.295. If the pattern trend continues, then the price of MANA might reach the resistance levels of $0.3342, $0.3712, and $0.4496. If the trend reverses, then the price of MANA may fall to the support of $0.2909. Decentraland (MANA) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Decentraland (MANA) in 2023. MANA/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Decentraland (MANA) for 2023. Resistance Level 1 $0.4254 Resistance Level 2 $0.6097 Support Level 1 $0.2856 Support Level 2 $0.1993 MANA Resistance & Support Levels Decentraland (MANA) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Decentraland (MANA) are shown in the chart below. MANA/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Decentraland (MANA) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.3460Price = $0.2934 (50MA > Price) Bearish (Downtrend) Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 33.56 <30 = Oversold 50-70 = Neutral>70 = Overbought Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume Decentraland (MANA) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Decentraland (MANA) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). MANA/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Decentraland (MANA). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 52.3497 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 60.75 <50 = Low >50 = High High Volatility Comparison of MANA with BTC, ETH Let us now compare the price movements of Decentraland (MANA) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs MANA Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of MANA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MANA also increases or decreases respectively. Decentraland (MANA) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Decentraland (MANA) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Decentraland (MANA) Price Prediction 2024 $1.5 $0.5 Decentraland (MANA) Price Prediction 2025 $2.3 $0.56 Decentraland (MANA) Price Prediction 2026 $3.6 $0.64 Decentraland (MANA) Price Prediction 2027 $4.8 $0.71 Decentraland (MANA) Price Prediction 2028 $5.2 $0.79 Decentraland (MANA) Price Prediction 2029 $6.7 $0.86 Decentraland (MANA) Price Prediction 2030 $7 $0.9 Conclusion If Decentraland (MANA) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Decentraland (MANA) price prediction for 2023 is $0.6097. Comparatively, the bearish Decentraland (MANA) price prediction for 2023 is $0.1993. If there is a positive elevation in the market momentum and investors’ sentiment, then Decentraland (MANA) might hit $1. Furthermore, with future upgrades and advancements in the Decentraland ecosystem, MANA might surpass its current all-time high (ATH) of $5.90 and mark its new ATH. FAQ 1. What is Decentraland (MANA)? Decentraland (MANA) is a cryptocurrency that allows users to purchase, develop, and trade virtual land in a decentralized manner. 2. Where can you buy Decentraland (MANA)? Traders can trade Decentraland (MANA) on the following cryptocurrency exchanges such as Binance, BTCEX, CoinW, OKX, and Deepcoin. 3. Will Decentraland (MANA) record a new ATH soon? With the ongoing developments and upgrades within the Decentraland platform, Decentraland (MANA) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Decentraland (MANA)? Decentraland (MANA) hit its current all-time high (ATH) of $5.90 on Nov 25, 2021. 5. What is the lowest price of Decentraland (MANA)? According to CoinMarketCap, MANA hit its all-time low (ATL) of $0.007883 on Oct 13, 2017 . 6. Will Decentraland (MANA) hit $1? If Decentraland (MANA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon. 7. What will be the Decentraland (MANA) price by 2024? Decentraland (MANA) price might reach $1.5 by 2024. 8. What will be the Decentraland (MANA) price by 2025? Decentraland (MANA) price might reach $2.3 by 2025. 9. What will be the Decentraland (MANA) price by 2026? Decentraland (MANA) price might reach $3.6 by 2026. 10. What will be the Decentraland (MANA) price by 2027? Decentraland (MANA) price might reach $4.8 by 2027. Top Crypto Predictions Polkadot (DOT) Price Prediction Filecoin (FIL) Price Prediction Litecoin (LTC) Price Prediction Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Bitcoin price is consolidating above $25,650 and $25,500. BTC could start a decent increase if the bulls manage to push it above the $26,200 resistance. Bitcoin is trading in a range above the $25,650 support zone. The price is trading below $26,000 and the 100 hourly Simple moving average. There is a short-term bearish trend line forming with resistance near $25,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could take a major hit if it continues to struggle below the $26,200 resistance zone. Bitcoin Price Starts Consolidation Bitcoin price remained in a range and settled well below the $26,200 resistance zone. It seems like BTC bulls are currently protecting a downside break below the $25,650 and $25,500 support levels. It is clearly consolidating above the $25,650 level. However, it is also below $26,000 and the 100 hourly Simple moving average. Besides, there is a short-term bearish trend line forming with resistance near $25,800 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $25,800 level and the trend line. The first major resistance is near the $26,000 level or the 23.6% Fib retracement level of the main decline from the $28,150 swing high to the $25,330 low. The next major resistance is now near the $26,200 level. A proper close above the $26,200 level might start a decent recovery wave toward $26,750. It is close to the 50% Fib retracement level of the main decline from the $28,150 swing high to the $25,330 low. Source: BTCUSD on TradingView.com The next major resistance is near $27,000, above which the bulls might gain strength. In the stated case, the price could test the $28,000 level. Another Drop In BTC? If Bitcoin fails to clear the $26,200 resistance, it could continue to move down. Immediate support on the downside is near the $25,650 level. The next major support is near the $25,350 level. A downside break and close below the $25,350 level might send the price further lower. In the stated case, the price could drop toward $24,800 or even $24,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $25,650, followed by $25,350. Major Resistance Levels – $25,800, $26,000, and $26,200.

Ethereum price is attempting a recovery wave above $1,620 against the US Dollar. ETH must settle above $1,650 to start a decent increase. Ethereum is slowly moving higher from the $1,600 support zone. The price is trading near $1,630 and the 100-hourly Simple Moving Average. There was a break above two bearish trend lines with resistance near $1,620 and $1,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if there is a close above the $1,650 resistance. Ethereum Price Holds Key Support Ethereum’s price managed to stay above the $1,600 support zone. ETH price is forming a base and is currently attempting a recovery wave above $1,620, like Bitcoin. There was a break above two bearish trend lines with resistance near $1,620 and $1,630 on the hourly chart of ETH/USD. The pair retested the 23.6% Fib retracement level of the main decline from the $1,750 swing high to the $1,600 low. Ether is now trading near $1,630 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,645 level. The next resistance is near the $1,660 level, above which the price could rise toward the $1,675 level. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the main decline from the $1,750 swing high to the $1,600 low is also near $1,675. The next major barrier is near the $1,700 level. A close above the $1,700 level might push Ethereum into a positive zone. The next resistance might be near $1,750. Any more gains might send the price toward the $1,800 resistance. Another Decline in ETH? If Ethereum fails to clear the $1,660 resistance, it could start another decline. Initial support on the downside is near the $1,620 level. The first key support is close to $1,600. A downside break below $1,600 might increase selling pressure. The next major support is near the $1,580 level. If there is a downside break below $1,580, the price could revisit the key $1,540 support level. Any more losses might send the price toward the $1,480 level or even $1,440. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,600 Major Resistance Level – $1,660

SHIB price (Shiba Inu) is struggling below the $0.000008 resistance against the US Dollar. Shiba Inu could start a recovery wave if it settles above $0.000008. Shiba Inu price extended its decline and tested the $0.0000074 zone against the US Dollar. The price is now trading below $$0.000008 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB/USD pair (data source from Kraken). The pair could start a recovery wave if it clears the $0.0000078 and $0.0000080 levels. SHIB Price Faces Uphill Task In the past few days, SHIB price saw a steady decline below the $0.0000088 level. The bears were able to push the price below the key support at $0.0000080. Finally, Shiba Inu found support near the $0.0000074 zone. A low is formed near $0.00000739 and the price is now attempting a recovery wave, like Bitcoin and Ethereum. It is now consolidating near the 23.6% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low. However, SHIB price is trading below $$0.000008 and the 100 simple moving average (4 hours). Besides, there is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB/USD pair. On the upside, the bears are protecting the $0.0000077 level and the trend line. The next major resistance is near the $0.0000078 level or the 50% Fib retracement level of the downward move from the $0.00000845 swing high to the $0.00000739 low. Source: SHIBUSD on TradingView.com The main resistance is now forming near the $0.0000080 level. A close above the $0.0000080 level might send the price toward the $0.0000088 level. Any more gains might send the price towards the $0.0000092 level. More Losses In Shiba Inu? If Shiba Inu price fails to clear the $0.0000078 resistance, it could start another decline. Initial support on the downside is near the $0.0000075 level. The first major support is near the $0.0000074 level. The next major support is near the $0.0000072 level. If there is a downside break below the $0.0000072 support, there could be an extended decline towards the $0.0000070 zone. Technical Indicators 4 Hours MACD – The MACD for SHIB/USD is losing pace in the bearish zone. 4 Hours RSI (Relative Strength Index) – The RSI for SHIB/USD is currently below the 50 level. Major Support Levels – $0.0000075 and $0.000074. Major Resistance Levels – $0.0000078, $0.0000080 and $0.0000088.

September is gearing up to be a pivotal month in the crypto space, with a series of substantial token unlocks for Solana, ApeCoin, Worldcoin, Optimism, dYdX and Aptos on the horizon. Popular crypto voices, @TheDeFinvestor and @wacy_time1, have taken to Twitter to provide insights, speculations, and analyses on these impending events. Here’s a consolidated look at their perspectives. ApeCoin (APE) Set to witness one of the most significant unlocks this month, APE will release $54.8 million, which represents 11% of its circulating supply, on Sept. 17. Both influencers highlighted the magnitude of this event. @TheDeFinvestor pointed out that most of the unlocked tokens would go to insiders, specifically launch contributors. Drawing from history, the last time a large amount of APE tokens entered circulation, the price experienced a sharp dip. @wacy_time1 mentioned the potential risks of shorting APE, especially given its current position. Since the beginning of the year, the APE is in a steep downtrend which saw price decline by 80%. Worldcoin (WLD) WLD is set for a daily unlock of $3.38 million. @TheDeFinvestor emphasized that in a year, the circulating supply of WLD would be three times its current amount.The token’s value has reportedly decreased by almost 50% since its launch. Despite this downtrend, both influencers cautioned against shorting it due to its large VC backers and potential price manipulations. Solana (SOL) Solana is set for an unlock of $10.3 million from staking on September 7. @wacy_time1 provided an analysis suggesting that a majority of the 2756 stakers receiving 531,574 SOL might not immediately sell. The influencer believes that any price drop could be an accumulation opportunity, emphasizing the potential of Solana. Remarkably, just yesterday, Solana announced that payments giant Visa is scaling their USDC settlement pilot to include the Solana blockchain, enabling enterprise-grade throughput at virtually no cost for Visa issuers and merchant acquirers on Solana. The SOL price reacted with a 5% surge but couldn’t take out the 50% Fibonacci retracement level on the 1-day. As long as this mark is not surpassed on a daily closing basis, further upside potential seems ruled out. Optimism (OP) OP will unlock $32.3M, or 3.03% of its circulating supply, on Sept. 30. These tokens are designated for core contributors and investors. @TheDeFinvestor mentioned that these groups are typically the ones most likely to sell. However, @wacy_time1 expressed a more optimistic view, suggesting that the price might not react negatively. The influencer emphasized the potential of Optimism following the success of Coinbase’s Base and hinted at accumulation opportunities if any negative price reaction occurs. dYdX On Sept. 26, $13.7 million, about 3.8% of the dYdX circulating supply, will be unlocked. These tokens are allocated to the community treasury, liquidity provider rewards, and trading rewards. @TheDeFinvestor highlighted the mid-long term selling pressure these unlocks might introduce, while @wacy_time1 did not express significant concerns regarding this token’s unlock. Aptos (APT) A standard linear unlock of $25 million is scheduled for APT on September 12. @wacy_time1 shared that he doesn’t anticipate a significant price reaction and might consider buying APT for speculative purposes if it drops below $3. In light of these impending unlocks, the crypto community is advised to stay informed and exercise caution. The events of September are poised to offer both challenges and opportunities for crypto investors.

Shiba Inu (SHIB) has been making headlines once again, but this time for all the wrong reasons. The popular meme token has been under sustained selling pressure, leading to a significant crack in a critical support level. Despite the recent launch of Shibarium, a blockchain platform aimed at enhancing the SHIB ecosystem, the bearish sentiment seems to have a firm grip on the token’s price chart, raising concerns about the long-term outlook. The crack in SHIB’s armor became evident as it breached the crucial $0.00000807 support level, resulting in a 7.3% decline in its price over the past seven days. Currently, SHIB is trading at $0.00000764, as reported by CoinGecko, with a modest 1.5% gain in the last 24 hours. However, these numbers only tell part of the story. Shiba Inu’s Bearish Indicators Abound A deeper dive into the technical indicators as revealed in a recent report reveals a grim picture for SHIB. The Chaikin Money Flow (CMF) has seen a substantial decline, resting at the zero mark as of press time. This signifies a lack of buying pressure and strong capital outflows. Moreover, the Relative Strength Index (RSI) remains in a downtrend, hovering just above the oversold zone, highlighting the absence of demand for SHIB. Intriguingly, the report also points out that the levels at which bears could potentially profit might serve as a price reversal zone for bulls, drawing parallels with price action observed in early June. However, the 24-hour liquidation data from Coinglass suggests a muted possibility of a bullish uptick in the near future. Shiba Inu: The Indian Connection Despite the challenging times for SHIB, it continues to make waves on WazirX, one of India’s leading cryptocurrency exchanges. According to a recent tweet from the exchange, SHIB held its ground among the top three most traded digital currencies in August, alongside giants like Bitcoin and XRP. According to a report, this trend mirrors the performance observed in June and July, where these tokens showcased resilience, often trading in tandem with Bitcoin, the market’s heavyweight. The lackluster performance of SHIB in the face of the Shibarium launch and the bearish technical indicators raise concerns about its long-term prospects. Meanwhile, a price reversal cannot be ruled out, and SHIB’s latest dip could be just a bullish opportunity in disguise. (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

Story Protocol is building the infrastructure layer to power a new era of open and collaborative IP. The project launches with filmmaker David S. Goyer as an advisor. SAN FRANCISCO–(BUSINESS WIRE)–Story Protocol, an open infrastructure designed to power a new era of creativity and intellectual property (IP) ownership, has raised over $54 million in funding led by a16z crypto. Story Protocol is creating a new IP protocol optimized for the internet era. The project aims to democratize IP creation through a global and extensible IP repository. Story Protocol provides a streamlined framework to manage the entire lifecycle of IP development, enabling features like provenance tracking, frictionless licensing and revenue sharing. Made for creators across all media – prose, images, gaming, audio and more – applications built on Story Protocol give writers and artists the ability to track their work’s provenance, allowing anyone to contribute and remix while capturing the value of their contributions. “In a world of total abundance catalyzed by generative AI, blockchain technology presents the perfect solution for transparent provenance tracking and fair attribution,” said SY (Seung Yoon) Lee, Co-Founder of Story Protocol. “Story Protocol will usher in a new era of entrepreneurial creators and provide existing IP holders an entirely new way to engage audiences and advance their IP.” The project aims to attract a rich ecosystem of third-party developers providing services encompassing crowdfunding, capital formation, IP discovery, licensing modules, authentication for AI content, and community growth. Story Protocol presents an open and modular architecture that any application can plug into and its decentralized nature removes platform risk for ecosystem builders. “Web3 has the promise to help solve some of the longest-standing problems in the media and entertainment industries,” said Sriram Krishnan, General Partner at a16z crypto. “We believe that Story Protocol has the opportunity to revolutionize the future of IP for artists, fans, and developers by empowering creativity at the speed of the internet.” Funding includes participation from Hashed, Endeavor, Samsung Next, dao5, Insignia Venture Partners, David Bonderman (Founder & Chairman of TPG Capital), Si-hyuk Bang (Founder & Chairman of HYBE/BTS), Paris Hilton’s 11:11 Media, CH Kim (CEO of Krafton/PUBG), Kyung In Jung (CEO of Black Label), Wattpad Co-founder Allen and Eva Lau’s Two Small Fish Ventures, Alliance DAO, Foresight Ventures, Mirana Ventures, Balaji Srinivasan, Nicolas Berggruen, Charlie Songhurst, David Lee (SLVC), Sanghun Kim (Former CEO of Naver), Chang Kim (Founder of Tapas) and Roham Gharegozlou (Founder & CEO of Dapper Labs), among others. “Artists and fans are integral to any successful IP franchise, and Story Protocol will power platforms that allow them to participate in the creative process,” said Ben Enowitz, SVP, Corporate Development & Talent Ventures at Endeavor. “Technology cannot replace authentic, human creativity – but it can bring communities together to unlock the full potential of existing and new IP. We’re excited to support Story Protocol in expanding the ways IP is created and shared with the world.” In addition to the fundraising, Story Protocol welcomes David Goyer as an advisor. Goyer is a filmmaker and novelist best known as the screenwriter for the “Blade” trilogy (1998-2004) and “The Dark Knight” trilogy (2005-2012) and as the showrunner for the television series “Foundation” (2021) among others. He also has a proven track record of exploring new storytelling mediums such as gaming via Call of Duty and VR with Vader Immortal: A Star Wars VR Series. “I envision a future where creators will wield greater control over their IPs, extend their influence on a global scale, and cultivate direct connections with their community,” said David S. Goyer, filmmaker and advisor to Story Protocol. “Story Protocol marks a new era for the entertainment industry and the start of a new ownership model for creators and fans.” Story Protocol’s founding leadership team features a powerful mix of a serial entrepreneur and seasoned operators with diverse backgrounds in entertainment, web3, and artificial intelligence (AI). Co-founder Seung Yoon (S.Y.) Lee previously founded the mobile serial fiction platform Radish. Co-founder Jason Levy led content at Episode, a breakthrough storytelling ecosystem. Co-founder Jason Zhao served as a product lead at Google’s Deepmind, translating cutting-edge AI research into customer-facing applications. Weilei Yu led growth for Flow blockchain at Dapper Labs, helping bootstrap a multi-billion dollar ecosystem from inception and onboarding thousands of developers. Leo Chen was the founding VP of Engineering at Harmony Protocol and previously served as Tech Lead at Amazon and built the first hardware-assisted storage virtualization engine. Ben Sternberg most recently served as CFO of Radish Media and previously co-founded and exited Fexy Media to IAC. Susan Park served as a design lead at Google where she spearheaded Google’s first web3 patent filings and is a leading art education influencer as @thatsprettyneat on Tiktok and Instagram. For more information about Story Protocol visit: https://www.storyprotocol.xyz/ To access the media kit, please click here. About Story Protocol Story Protocol was founded by a team of serial entrepreneurs and experienced operators with a diverse background in consumer tech, generative AI (Deepmind), and Web3 infrastructure (Flow and Harmony). Backed by top investors like a16z crypto, Endeavor, Samsung Next, and Hashed, Story Protocol is building the infrastructure layer to power a new era of open and collaborative IP. Story Protocol’s mission is to grow the creativity of the internet era. Contacts Press Inquiries: [email protected]

Remote-First-Company/SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. announced today that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Barclays Global Financial Services Conference on Tuesday, September 12, 2023 at 11:15 a.m. ET / 8:15 a.m. PT. A live webcast and replay of the virtual session will be available on Coinbase’s Investor Relations website at https://investor.coinbase.com. Disclosure Information Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our Twitter feed (@coinbase), our Facebook page, our LinkedIn page, our YouTube channel, and Brian Armstrong’s Twitter feed (@brian_armstrong) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. About Coinbase Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Contacts Press: [email protected] Investor Relations: [email protected]

Bitcoin (BTC), the leading cryptocurrency in the market, continues to exhibit a stagnant price movement. However, a notable development has emerged as BTC struggles to sustain consolidation above the critical $26,000 threshold. This could potentially present challenges for the cryptocurrency’s performance. Currently trading at $25,700, Bitcoin is on the cusp of a significant breakout. This breakout can exert pressure on short positions and liquidity pools positioned above or to fill the gaps on lower levels of the Chicago Mercantile Exchange (CME). What’s more concerning is that these gaps are located near what many experts believe to be the bottom of the Bitcoin bear market. Bitcoin Double Top Formation And Implications For Price Renowned crypto analyst Rekt Capital has recently shared valuable insights on Bitcoin’s price action and charts, shedding light on the likelihood of the cryptocurrency filling the CME gap at $19,500 and $20,500. In a YouTube video uploaded on September 5, Rekt Capital emphasizes the significance of BTC’s weekly chart in understanding its recent movements. According to Rekt Capital’s analysis, Bitcoin’s weekly chart reveals a double top formation at $30,800, a pattern historically followed by symmetrical downside movements. Drawing from this observation, Rekt Capital suggests that the current price action could potentially open the doors to filling the CME gap at $19,500 in the short term. Another factor highlighted by Rekt Capital is the importance of the $26,000 support level, which Bitcoin is currently losing. The analyst suggests this loss could further extend BTC’s downside price action, bringing it closer to the CME gap. Adding to the concern, Rekt Capital points out a bearish fractal published on August 30, in which Bitcoin’s weekly chart indicates a lower high, signaling a continuation of the downtrend. In the event of a revisit to the sub $20,000 level, Rekt Capital notes the possibility of a head and shoulders pattern forming on BTC’s weekly chart. While the right shoulder of the pattern is yet to be completed, the overall structures indicate that the pattern could eventually be fulfilled. Rekt Capital’s analysis underscores the significance of BTC’s current price action and charts, highlighting potential scenarios such as filling the lower CME gap and navigating the obstacle presented by the already filled gap at $28,000. The outcome of these scenarios for the dominant cryptocurrency in the market is yet to be determined. However, what is evident is the prevailing bearish sentiment that has gripped the Bitcoin market, instilling apprehension among investors. BTC has experienced a 0.8% decline over the past 24 hours and a 7.8% decrease over the seven days, with its current trading price falling below the $25,800 mark. Featured image from iStock, chart from TradingView.com

Ethereum has seen the price of its native token ETH drop alongside Bitcoin as the bear market continues to gain group. This has triggered fear among investors, leading to high selling pressure on the digital asset. Even the Ethereum whales are now dancing to the tune of the bear market as they have begun to send large amounts of ETH to centralized exchanges. Ethereum Whales Push Toward Selling A recent Santiment report posted on the X (formerly Twitter) platform has shown that Ethereum whales may be looking to exit stage left at this time. The chart which was posted by the on-chain data tracker shows that whales were moving 300,000 ETH to centralized exchange Coinbase. The transfer took place across two transactions carrying 150,000 ETH each. At the time, each of the transactions was carrying ETH worth $243 million to the exchange. So in total, both transactions saw a total of $486 million in ETH moved to Coinbase. Despite being such closely watched transactions, there have been no indications of what the whales intend to do. Usually, coins moving toward centralized exchanges means sell-offs, especially for large investors, who do so to minimize the impact of their selling as much as possible. However, the price of Ethereum is still trading close to where it was on Monday, and if these whales were looking to sell, then such activities would’ve led to a fast plunge in the price of ETH. There is also the fact that once the ETH was transferred to Coinbase’s hot wallet, they would be further broken down into smaller chunks of 4,282 ETH, which were then moved to other wallets. But even this doesn’t paint a clear picture of why the ETH was moved to Coinbase in the first place. Bears Take Over With Negative Sentiment The selling pressure that the Ethereum price has been under recently has not come out of nowhere. The Crypto Fear & Greed Index had moved into the fear territory following the market crash. This meant that investors were more likely to sell their holdings than put new money into the market. Related Reading: On-chain Sleuth Potentially Unveils Shiba Inu Founder With Shocking Affiliates For ETH, it has now become a battle for the bulls given that the bears have successfully dragged the price below the 50-day moving average. This points toward more bearish momentum for the asset in the short term. However, it is not all bad. Usually, when indicators have dropped so low, it can often be a bounce-off point for a recovery. So while ETH may be looking toward more bear movement for the near term, the digital asset could be close to another rally, possibly pushing its price above $1,700 once more. ETH’s price is changing hands at $1,624 at the time of this writing. It’s down 0.90% and 1.31% on the daily and weekly charts, respectively.

The crypto market has witnessed several fluctuations, but specific sectors’ resilience within this domain remains attractive. Recently, despite a noticeable dip in the broader crypto market, one area seems poised to touch its peak, demonstrating the potential and adaptability within the crypto ecosystem, per a report. Liquid staking, a sector that facilitates rewards for token pledges supporting blockchain operations, shows signs of resurgence. This re-emergence occurs despite an overarching downturn in crypto assets. Recovery Amid Crypto Crisis According to Bloomberg, citing data from DefiLlama, there is a roughly 292% surge in assets secured in liquid staking services, reaching a monumental $20 billion from a low in June 2022. This ascent is all the more significant considering the broader crypto slump during that period. Bloomberg noted a recovery in liquid staking’s position as “the titan of decentralized finance (DeFi).” Thanks to blockchain-based automated software, this crypto framework enables individuals to trade, borrow, and lend without intermediaries. Notably, once the crown jewel of DeFi applications, liquid staking has overtaken lending. Protocols specialized in liquid staking, such as Lido and Rocket Pool, witnessed their zenith in April of the previous year. They amassed assets slightly exceeding $21 billion. However, this momentum was disrupted by the destabilization of TerraUSD, leading to a massive $2 trillion setback in the crypto market. Despite the gloomy overtones in the crypto sector, where major tokens and a majority of DeFi services are yet to recover from the blows of 2021 and 2022, liquid staking stands out, showcasing a comeback, as seen in the chart below. Global Regulatory Stance On Staking Liquid staking plays a pivotal role, especially in the Ethereum blockchain. It offers a mechanism where users can stake their tokens and, in return, receive a liquid token representing their staked amount. This process allows users to participate in securing the network while maintaining liquidity. Simply put, they can earn staking rewards without locking up their assets, ensuring flexibility and maximizing potential gains. Kunal Goel, a research analyst at Messari, parallels these services to “the on-chain equivalent of government bonds.” The analyst elaborates that while these aren’t devoid of risks, they exude a comparatively lower risk profile and, thus far, have remained untainted by hacks or exploits. This resurgence in liquid staking doesn’t go unnoticed and has been juxtaposed with regulatory decisions concerning crypto globally. The US, for instance, has intensified its regulatory lens on the crypto sector, especially on staking products. Such measures prompted key players like Kraken and Bitstamp to halt their regional staking products. Richard Galvin, co-founder at DACM, noted: Featured image from iStock, Chart from TradingView

Next-generation domain name company D3 Global is excited to announce the completion of its $5 million seed funding round, which was led by Shima Capital and included participation from Lightshift, Dispersion Capital, VentureSouq, Infinite Capital, MZ Web3 Fund, Kestrel0x1, Nonagon, C² Ventures, Arthur Hayes’ Maelstrom, and Identity Digital founder Paul Stahura. D3, a company established in May 2023, promises to transform the Domain Name System (DNS), the root layer of the Internet and a real-world asset class. In order to provide secure identities that are natively supported on all browsers and devices, D3 wants to apply for and obtain additional Top Level Domains (TLDs) during ICANN’s next application window in collaboration with top Web3 ecosystems and for the betterment of their communities. By enabling interoperability between Web2 and Web3, D3’s patent-pending technology will also improve utility, security, and all-inclusive access to crucial internet infrastructure. D3 will also provide the first on-chain marketplace for legacy domains in the sector, facilitating the tokenization of over 1,000 TLDs like.COM,.NET, and.XYZ to increase the liquidity available to domain investors. The conflict often present in domain name sales, such as lack of transparency, excessive broker fees, transfer delays, and escrow services, is anticipated to be considerably reduced as a result of this step.