Shiba Inu (SHIB) bulls are attempting to retake control of the bearish market which caused a major price crash for the meme coin last week. To confirm the bullish sentiment, there has been an uptick in whale transactions on the Shiba Inu (SHIB) network, followed by a 10% price spike for SHIB. Also, Tradecurve, a new decentralized finance (DeFi) exchange is showing bullish signs, and could rally by more than 30% in the coming weeks. >>BUY TCRV TOKENS NOW<< Whale Alert has reported a spike in large SHIB transactions A single whale moved SHIB worth $25.6 million to an unknown wallet as Shiba Inu’s sentiments shift to positive Tradecurve is also showing bullish signals, with a potential to rally from $0.018 to $0.025 in the coming weeks. Shiba Inu Whales Re-activate, Move $25.6 Million Worth of SHIB Shiba Inu (SHIB), the second biggest meme coin, has recently recorded an uptick in whale transactions on the network, marking a change in market sentiment. The popular blockchain-tracking service, Whale Alert, reported that a single Shiba whale moved over 3.81 trillion SHIB tokens worth over $25.6 million to an unknown wallet. According to on-chain data, the Shiba whale paid a little over $1 as transaction fees for moving SHIB worth over $25.6 million. The uptick in whale transactions follows a sentiment change as bulls look to now regain control of the Shiba Inu market after weeks of bear dominance. The price of Shiba Inu (SHIB) is now up by 10% from its lowest point in the last seven days. Because of the price jump, IntoTheBlock has reported that over 1 trillion SHIB has now risen to break even, with their holders regaining the initial value of their investment. At the time of this writing, SHIB now trades at $0.000007116, and its $4.2 billion market cap makes Shiba Inu the 18th largest cryptocurrency. Bullish Signs for Tradecurve (TCRV), Is Another Rally Coming? Another digital asset showing clear bullish signals is Tradecurve (TCRV), a new decentralized finance exchange. TCRV had set a new all-time high of $0.018 during the bear market. The bullish signals being flashed by Tradecurve now suggest that another 30% rally could be possible to take the price of TCRV as high as $0.025 in the coming days. Tradecurve has remained bullish despite the poor sentiment of the market because of its potential to transform the DeFi space. Tradecurve is building the first DeFi exchange where users will be able to trade crypto alongside financial instruments from the global market, including forex, stocks, options, CFDs, ETFs, and more. >>BUY TCRV TOKENS NOW<< Experts are bullish that Tradecurve has the potential to transform the DeFi space because it would effectively be bridging the over-the-counter derivatives market with a value of $632 trillion with the DeFi space. No DeFi platform has ever had the potential to connect to a market of this magnitude, and experts believe Tradecurve’s utility token, TCRV, would greatly benefit as a result. The short-term $0.025 prediction is not as bullish as the $1.5 per token experts predict TCRV would be valued at before the end of 2023. Visit the links below to get more information about Tradecurve and the TCRV token: Website: https://tradecurve.io/ Buy presale: https://app.tradecurve.io/sign-up Twitter: https://twitter.com/Tradecurveapp Telegram: https://t.me/tradecurve_official

Noah Cornwell and John Conneely bring robust crypto and institutional expertise to the wallet infrastructure and security firm NEW YORK–(BUSINESS WIRE)–Dfns, wallet infrastructure and security firm for Web3, announced the appointment of its new Chief Technology Officer, Noah Cornwell, and Vice President of Business Development and Sales, John Conneely, to guide the continued expansion of the company. Chief Technology Officer Noah Cornwell joins Dfns following nearly seven years at cryptocurrency exchange and custodian Gemini, where he served as Vice President of Engineering. Cornwell’s financial technology expertise includes positions with MIK Fund Services and Boston Technologies Inc. As Dfns develops new wallet-as-a-service solutions for B2B and B2B2C organizations, Cornwell’s in-depth understanding of enterprise organizations’ fintech priorities will significantly aid the company’s strategic developments. “Dfns is transforming the digital world as we know it by leveraging the potential of decentralized technologies,” said Cornwell. “I look forward to driving technology strategy, inspiring innovation, and leading a remarkable team dedicated to making it safe and simple for developers to build and launch compliance friendly wallet infrastructure products.” John Conneely brings five years of experience steering the growth of institutional custody offerings at leading blockchain and cryptocurrency firms including Genesis and Bakkt. John will enable the successful continuation and expansion of Dfns’ partnerships as he leads new business and sales initiatives. Conneely serves as a pivotal leader for Dfns’ work to address misconceptions such as the commonly held sentiment of “not your keys, not your crypto,” and provide necessary education surrounding cryptocurrency wallet custodianship. John will be instrumental in developing partnerships for Dfns, aiming to grow our perpetually growing list of clients. “Digital asset wallets have evolved significantly over the past 6 years, however there are still significant gaps that need to be addressed if as an industry we look to on board the next billion plus crypto users,” said Conneely. “Dfns, with its industry leading MPC technology as well as innovative and programmable APIs, are laser focused in helping banks, NFT platforms, neobanks and more, in abstracting away all the complexities of key management so that our clients can focus on what matters most, user experience.” “We are thrilled to announce Noah as our new CTO and John as our global Vice President of Business Development and Sales,” said Clarisse Hagège, CEO of Dfns. “Noah and John have impressive careers with proven track records of strong leadership, dedicating their expertise to the growth of innovative businesses leading the blockchain industry. Bringing Noah and John to the Dfns team will allow us to continue offering new user and developer-friendly solutions without sacrificing wallet security.” The announcement follows significant developments from the firm in recent months, including Dfns’ partnership with Cryptosat to launch the first-ever Space Wallet, and the introduction of its self-custodial wallet-as-a-service solution which leverages biometric technology for secure, user-friendly wallet management. Dfns is continuing to expand its network of integrated blockchains, clients leveraging its secure wallet-as-a-service APIs, and solutions offered in its mission to provide maximum security through seedless wallets. About Dfns Dfns is a cybersecurity company providing wallet infrastructure for Web3. From institutional banks to gaming studios, we enable developer teams with plug-and-play access to digital assets through our secure wallet-as-a-service (WaaS) platform. Founded in 2020 in Paris, Dfns is a SOC-certified company incubated at Techstars, Station F (awarded Future 40 in 2021) and recognized as a deep tech company by the French Ministry of Economy and Innovation. Contacts Media: [email protected]

Bullish SOL price prediction for 2023 is $26.80 to $48.77. Solana (SOL) price might reach $40 soon. Bearish SOL price prediction for 2023 is $9.41. In this Solana (SOL) price prediction 2023, we will analyze the price patterns of SOL by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Solana (SOL) Current Market Status Current Price $19.28 24 – hour trading volume $840,480,120 24 – hour price change 7.77% Up Circulating supply 399,979,761 All – Time High $260.06 (On November 06,2021) SOL Current Market Status (source: CoinMarketCap) What is Solana (SOL)? The crypto coin, Solana (SOL), runs on an independent and scalable blockchain with faster transaction rates. The blockchain’s functionality is based on a hybrid consensus model that combines proof-of-stake (PoS) and proof-of-history (PoH). This hybrid model enables Solana to validate its blocks faster with accurate time stamps. Solana (SOL) was launched in March 2020. Solana Network aims to expand its functionalities by hosting several DApps in the DeFi and also revolutionizing the NFT marketplace. Solana-based NFTs are gaining positive momentum and are more likely to be preferred over Ethereum NFTs. Solana (SOL) Price Prediction 2023 Solana (SOL) ranks 10th on CoinMarketCap in terms of its market capitalization. The overview of the Solana price prediction for 2023 is explained below with a daily time frame. SOL/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Solana (SOL) laid out a Horizontal Channel pattern. In general, the horizontal channel also known as the sideways trend is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Solana (SOL) was recorded at $18.33. If the pattern trend continues, then the price of SOL might reach the resistance levels of $18.42, $25.92 and $52.55. If the trend reverses, then the price of SOL may fall to the support of $8.00. Solana (SOL) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Solana (SOL) in 2023. SOL/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 Solana (SOL) for 2023. Resistance Level 1 $26.80 Resistance Level 2 $48.77 Support Level 1 $14.18 Support Level 2 $9.41 Resistance and Support Levels of SOL As per the above analysis, if Solana’s (SOL) bulls take the lead, then it might hit and break through its resistance level of $48.77. Conversely, if Solana’s (SOL) bears dominate the trend, the price of SOL might plunge to $9.41. Solana (SOL) 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 Solana (SOL) are shown in the chart below. SOL/USDT RVOL, MA, RSI (Source: TradingView) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Solana (SOL) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the SOL price lies below 50 MA (short-term), indicating its downtrend. Hence, SOL is in a bearish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of SOL is at 57.08. Therefore, this indicates SOL is in neither an overbought nor oversold state. Solana (SOL) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Solana (SOL) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). SOL/USDT ADX, RVI (Source: TradingView) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of SOL lies in the range of 22.14 pointing out a weak trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of SOL lies above 50, indicating high volatility. Comparison of SOL with BTC, ETH Let us now compare the price movements of Solana (SOL) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs SOL Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of SOL is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of SOL also increases or decreases respectively. Solana (SOL) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Solana (SOL) between 2024 and 2030. Solana (SOL) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Solana (SOL) might successfully test and surpass its resistance levels to hit $50 by 2024. Solana (SOL) Price Prediction 2025 The significant upgrades in the Solana ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Solana (SOL) price to reach $60 by 2025. Solana (SOL) Price Prediction 2026 If Solana (SOL) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $70. Solana (SOL) Price Prediction 2027 If Solana (SOL) sustains major resistance levels and stands as a better investment option in the market, then SOL would rally to hit $80. Solana (SOL) Price Prediction 2028 If Solana (SOL) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then SOL would hit $90 by 2028. Solana (SOL) Price Prediction 2029 If investors flock in and continue to place their bets on Solana (SOL), then the crypto would witness major spikes. Hence, SOL might hit $100 by 2029. Solana (SOL) Price Prediction 2030 By 2030, the SOL price might rally to $150 if the trend momentum aligns in favor of Solana. Furthermore, SOL would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Solana (SOL) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Solana (SOL) price prediction for 2023 is $48.77. Comparatively, the bearish Solana (SOL) price prediction for 2023 is $9.41. If there is a positive elevation in the market momentum and investors’ sentiment, then Solana (SOL) might hit $40. Furthermore, with future upgrades and advancements in the Solana ecosystem, SOL might surpass its current all-time high (ATH) of $260.06 and mark its new ATH. FAQ 1. What is Solana (SOL)? Solana (SOL) is the native crypto coin of Solana. Solana runs on a scalable blockchain that runs with a hybrid consensus model that integrates proof-of-stake (PoS) and proof-of-history (PoH). SOL was launched in March 2020. 2. Where can you purchase Solana (SOL)? Solana (SOL) has been listed on many crypto exchanges which include Binance, CoinbaseExchange, KuCoin, Bitfinex and OKX. 3. Will Solana (SOL) reach a new ATH soon? With the ongoing developments and upgrades within the Solana Platform, SOL has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Solana (SOL)? On November 06, 2021, SOL reached its new all-time high (ATH) of $260.06. 5. What is the lowest price of Solana (SOL)? According to CoinMarketCap, SOL hit its all-time low (ATL) of $0.5052 on May 11, 2020. 6. Will Solana (SOL) reach $40? If Solana (SOL) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $40 soon. 7. What will be Solana (SOL) price by 2024? Solana (SOL) price is expected to reach $50 by 2024. 8. What will be Solana (SOL) price by 2025? Solana (SOL) price is expected to reach $60 by 2025. 9. What will be Solana (SOL) price by 2026? Solana (SOL) price is expected to reach $70 by 2026. 10. What will be Solana (SOL) price by 2027? Solana (SOL) price is expected to reach $80 by 2027. Top Crypto Predictions Pepe (PEPE) Price Prediction 2023 Waves (WAVES) Price Prediction 2023 Avalanche (AVAX) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Withdrawals must be completed by August 26th, according to a Twitter notification. Cardinal claims that Alameda’s investment was negligible. Almost a year post collecting $4.4M to enhance the usefulness of non-fungible tokens (NFTs), Solana’s Cardinal protocol is shutting its door owing to economic constraints. Withdrawals must be completed by August 26th, according to a Twitter notification. By providing protocols and SDKs for staking, renting, subscribing, royalties, and trading, Cardinal Labs was an infrastructure supplier committed to facilitating NFT use cases on Solana. According to the shutdown timetable, some services, such as staking pool formation, token administration, NFT rentals and rental renewals, social media handles, and new deposits, will cease to function on July 19. The deadline for completing withdrawals is August 26th, when the two-month notice period finishes. Alameda’s Investment Negligible Seed investment for Cardinal totaled $4.4 million and was headed by Protagonist and Solana Ventures. With participation from Animoca Brands, Delphi Digital, CMS Holdings, and the sister business of defunct cryptocurrency exchange FTX, Alameda Research. Cardinal claims that Alameda’s investment was “a very small piece of the round.” Therefore it did not add to the firm’s collapse. Pre-seed investment of $750,000 was secured from Neo Ventures in 2021. Over 65,000 NFTs were staked on the protocol as of July 2022, and Cardinal raised a total of $5.2 million over the course of 18 months. The NFT market seems to be progressively developing, despite the current difficulties. DappRadar has released research stating that Q1 2023 was the greatest quarter for the NFT market since Q2 2022. Intense competition among NFT markets helped keep overall performance good despite a decline in trading volume throughout March. Highlighted Crypto News Today: Paxos Partners With Mercado Libre To Offer USDP Stablecoin Access

SANTA CLARA, Calif.–(BUSINESS WIRE)–In 2023, a key year for the alternating bull and bear market in the digital currency field, the entire industry is undergoing earth-shaking changes in an era where “risk” and “opportunity” coexist. The YOMAEX exchange recently announced that its registered users exceeded 10 million and its transaction volume exceeded 1 billion US dollars, further consolidating its position as a leading exchange. This milestone achievement has attracted widespread attention from global digital currency investors and injected new impetus into the development of the industry. Seeking Change in Stability, Building a Solid Barrier for Long-term Development Perry Schmidt, head of marketing of the YOMAEX platform, delivered an inspiring speech at this important moment. He emphasized: “In the face of changes in the industry, we adhere to the strategy of ‘seeking change in stability’, focusing on technological innovation and product polishing, aiming to lead a new era of digital currency transactions. Our self-developed high-speed trading engine can process millions of orders per second, and is at the forefront of the entire industry.” When talking about compliance, he said: “We have always firmly believed that compliance is an important guarantee for the long-term development of the industry. YOMAEX has been certified by multiple international regulatory agencies, which is the best way for us to provide users with a safe and reliable trading environment.” Perry Schmidt is even more confident about the future. He announced: “YOMAEX has more than 10 million registered users, and the daily transaction volume has exceeded 1 billion US dollars.” Rich Ecosystem, Realizing YOMAEX’s Global Vision In addition to the development of the exchange, YOMAEX is also committed to building a rich ecosystem and realizing its global vision. Perry Schmidt also said: “Our goal is not only to become the largest exchange, but also to build a rich ecosystem through diversified sectors with YOMAEX Academy, YOMAEX Research, YOMAEX Labs, and YOMAEX Charity.” In concluding his speech, he emphasized: “YOMAEX’s goal is to lead the development of a new era of digital currency trading with unique advantages such as rich and practical investment tools, advanced engine systems, top security technology, and huge community partners. We look forward to working with the world digital currency investors to jointly explore the possibility of the future.” Contacts PR Email: [email protected] Website: https://www.yomaexi.org/

New York, New York, June 30th, 2023, Chainwire Memecoin Mooky is gearing up for its final presale phase, having raised $900,000 to date. More than just a novel crypto token, Mooky aims to support the environment through a major tree-planting campaign. Mooky will be a community-driven platform whose governance lies in the hands of its token holders. While the MOOKY token draws its cues from other successful memecoins, the project has a more ambitious mandate. Mooky was conceived to increase awareness of global environmental challenges and to provide real-world solutions. The project aims to raise enough funds to sustain an extensive reforestation initiative in key locations around the world. As part of its commitment to nature, Mooky has earmarked donations to charities working on sustainable environmental causes. From a crypto-economic perspective, the MOOKY token features zero tax and low slippage, providing ample incentives for traders to get involved. Underpinning the project is a deep lore that aligns with Mooky’s core goals. Mooky is based on the concept of a mythical land called Pygmy. This fantastical realm has stunning landscapes, abundant vegetation, and wildlife. As settlers came to the island, they destroyed the vegetation and polluted the air. The monkeys of Pygmy decide to fight back peacefully, teaching the settlers how to respect nature and live harmoniously. Under the leadership of Mooky, they become united and restore nature. To support the project’s development while providing greater opportunities for community participation, Mooky has created a collection of 1,000 NFTs. Each NFT is linked to a tree planted in the real world. Holders can access the Ventures Club, which grants access to exclusive rewards and events. With five days left in the $MOOKY token presale, there is still ample opportunity for crypto holders to get involved and capture the upside to a project that combines memes and nature to great effect. About MOOKY MOOKY is a community-driven initiative launched in 2023 that embraces the spirit of digital innovation to make a positive impact on the environment. More than just a meme token, MOOKY represents a global community united by a common goal: to inspire change and contribute to global tree-planting efforts. MOOKY also stands as a symbol of creativity in the digital space, offering unique 3D NFTs that are each linked to real-world tree-planting initiatives. These NFTs serve not only as digital collectibles but also as an entry ticket to the exclusive Mooky Ventures Club, a vibrant community of environmentally conscious enthusiasts. MOOKY is more than a digital token; it’s a movement aiming to better our environment while fostering a unique and engaging digital ecosystem. Join MOOKY in its journey to make a difference and follow the community on various social channels to stay updated. Users can purchase MOOKY here. Website | Presale | Telegram | Instagram | Twitter | Discord Contact Mookashi N [email protected]

The Foundation has announced that the testnet will launch on July 5. In March, the team predicted that the public testnet will be live by the end of July. As part of its plan to leave the Ethereum ecosystem by the end of 2023, the DYDX Foundation, the non-profit behind the famous DEX, dYdX, has preponed the launch of the public testnet of its Cosmos-based blockchain. The Foundation has announced that the testnet will launch on July 5, sooner than previous date. In March, the team predicted that following the third milestone (private testnet), the public testnet will be live by the end of July. The impending launch is the fourth of five planned developments for dYdX to test its Cosmos-based blockchain before the mainnet goes live. Several enhancements to the network were implemented during the private testnet, including support for limit orders, dynamic funding rates, ABCI 2.0, and other features of the Cosmos-SDK. Migration from Ethereum Network More functionality, including order books, account balances, order histories, and market data, will be available for testing and exploration on the public testnet. There will be numerous validators all over the place, all running the network software. Even though Bitcoin and Ethereum markets will be the only ones supported by the next testnet at launch, the group hopes to eventually grow the network to cover at least 30 other markets. In September, assuming the DEX has finished its testnet migration from Ethereum to Cosmos, it will go on to the last milestone (v5) before the ultimate launch of the mainnet. dYdX has said that the lack of scalability in Ethereum is the main motivation for its departure from the platform. After looking into numerous layer2 alternatives, the group found that Ethereum’s transaction processing speed was inadequate. Highlighted Crypto News Today: Coinbase Layer-2 Network Base Nears Mainnet Launch

A digital wallet software developed by Mercado Libre will be used to process payments. Paxos’ launch coincides with a rise in global requests for rules pertaining to stablecoins. Paxos, a blockchain-based financial technology startup, has revealed plans to launch its Pax Dollar (USDP) stablecoin in Mexico through a partnership with online marketplace Mercado Libre. MercadoPago, a digital wallet software developed by Mercado Libre, will be used to process payments. Moreover, this recent action is part of Paxos’s larger strategy to become a regional leader in digital assets. Also, According to the company’s data, Latin American clients make up over 60% of its active wallets. Focusing on Key Expansion Paxos and Mercado Pago are expanding their relationship by adopting USDP. Thus, allowing Mexican users to get access to the regulated stablecoin through Mercado Pago. Arnoldo Reyes, Paxos’s Head of Latin America, made a statement emphasizing the region’s growing desire for technological transformation among its digital asset users. Arnoldo stated: Furthermore, Paxos’ USDP stablecoin is closely monitored by the New York State Department of Financial Services (NYDFS). The funds and their equivalents are retained as reserves for USDP, and attestation reports are provided by WithumSmith+Brown, PC, a third-party accounting company. In addition, the corporate website declares that all audits are performed in compliance with the attestation criteria established by the AICPA. On the other hand, Paxos’ launch coincides with a rise in global requests for rules pertaining to stablecoins. Highlighted Crypto News Today: Binance Reportedly Denied Crypto Custody License by Germany’s BaFin

Binance is still making efforts to comply with BaFin’s standards. Beginning in 2020, custody providers and crypto exchanges need a BaFin license. According to reports, Binance has been notified that BaFin, the German financial regulatory organization responsible for monitoring banks, financial services institutions, insurance companies, and stock exchanges, would not be issuing a crypto custody license to the exchange. On Thursday, the local media outlet Finance Forward published the news, citing persons acquainted with the subject. However, the article acknowledged that the nature of the refusal is unclear, namely if it was an official decision from BaFin or an intention conveyed during continuing conversations. Efforts Underway According to Binance’s statement, the exchange is “unable to share details of conversations with regulators,” but it is still making efforts to comply with BaFin’s standards. A representative from Binance said: In order to market their services to German consumers and do business inside the country beginning in 2020, custody providers and cryptocurrency exchanges will need a BaFin license. Coinbase Germany received the first BaFin license to operate a cryptocurrency custody platform in June 2021. According to Wirtschaftswoche, Binance was one of Germany’s largest platforms in February 2023, with as many as 2 million members. Users in Germany may still access and utilize Binance despite the exchange’s lack of a local license. The news that Binance’s European banking partner Paysafe Payment Solutions plans to withdraw support for the exchange came earlier today, so the refusal of a license would still be a setback for Binance if it were confirmed. Highlighted Crypto News Today: Coinbase Layer-2 Network Base Nears Mainnet Launch

Bitcoin Cash (BCH) surges over 107.56% in seven days. BCH is in bearish momentum and hits an all-time high price of $298. Bitcoin Cash, the junior of the powerhouse Bitcoin, is currently experiencing a bullish trend. Today, its price has surged by 30%, reaching an all-time high for this year at $298. This significant increase in price can be continued with the constant upward movement of Bitcoin Cash in recent weeks, with a remarkable 107.56% increase over just seven days. BCH Price Chart, Source: TradingView Bitcoin Cash (BCH), Strong Player in the Field? Bitcoin Cash has been gaining popularity among crypto enthusiasts and has been successful in building a strong community. It has been outperforming major cryptocurrencies, and one contributing factor to its success is the launch of EDX Markets, which has particularly benefited it. Additionally, the Bitcoin Cash network underwent a major upgrade on May 15. It enables developers to create tokens with the same properties as BCH. These tokens, known as “CashTokens,” can be issued by anyone using the network, further expanding the utility and potential. Also, It is worth noting that the surge in Bitcoin’s price above $30,000, along with the celebration of the Bitcoin ETF, has played a significant role. As a result, the community is enjoying continuous upward momentum, with some sarcastically speculating that it could reach $1,000. According to CoinMarketCap, the current price of BCH stands at $296. With a high of $305 and a low of $225. Its market capitalization is $5,752,686,225, and it has a circulating supply of 19,435,338 BCH, out of a maximum supply of 21,000,000 BCH. In conclusion, Bitcoin Cash is currently exhibiting outstanding performance. Its recent surge, following a prolonged period of stability, is highly notable. However, considering the inherent volatility of the cryptocurrency market, it is crucial to exercise prudence and recognize that market conditions can swiftly shift. Related Read Bitcoin Cash Experiences Significant Upswing After Inclusion on EDX Markets

On February 23, Coinbase made the official launch of Base. Base has not announced a specific date for the mainnet launch. In anticipation of Base’s mainnet launch, Coinbase affirmed on Wednesday that its Ethereum Layer-2 network had been subjected to extensive security evaluations conducted by researchers. Reports indicate that Coinbase commissioned a six-month internal audit from its protocol security team to thoroughly test the security of Base, built on the OP stack in collaboration with Optimism, announced in February. Coinbase stated: The purpose of Layer-2 solutions is to enhance the cost-effectiveness and efficiency of transactions on networks such as Ethereum. These solutions achieve this by processing transactions in a separate space and subsequently relaying the outcomes back to their respective network. While Base has not announced a specific date for the mainnet launch, it has clarified that unlike another layer 2 blockchains such as Polygon, Optimism, and Arbitrum, it will not introduce a native token into its ecosystem. Highlighted Crypto News Today Coinbase Scores a Legal Victory as the Supreme Court Rules in Its Favor

A panel of specialists has deliberated on the extent of regulation required at Polkadot Decoded Web3 Foundation’s CLO Daniel Schoenberger calls for legal clarity that fosters Web3 innovation and to support startups in the field. Web3 Foundation, whose flagship project is Polkadot, held an expert panel at Polkadot Decoded on the current state of Web3 regulation in the EU and its impact on the Web3 space. Panelists argued that web3 technology needs a tailored regulatory approach and that regulations should be focused on behavior rather than technology. Schoenberger goes on to argue, the EU remains a frontrunner with its Market in Crypto Assets (MiCA) Regulation, while other markets such as the US, run the risk of falling behind in creating clear rules that enable the industry. The panel agreed that tokens are a substantial part of blockchain technology and should not be treated as financial instruments but as tech first. COPENHAGEN, Denmark–(BUSINESS WIRE)–Web3 Foundation whose flagship project is Polkadot, held an expert panel at Polkadot Decoded this week on the current state of web3 regulation in the EU. The panelists discussed the benefits of web3 blockchain technology that could help solve current Web2 challenges such as internet privacy, security and the use of intellectual property. Panelists agreed that web3 technology needs tailored regulations that reflect the uses of blockchain technology and should focus on behaviors rather than technology. The discussion outlined the importance of legal clarity for Web3 entrepreneurs and why jurisdictions such as the EU are surpassing laggard jurisdictions, which are mired in definitional and jurisdictional uncertainty. This panel follows Daniel Schoenberger, Chief Legal Officer of the Web3 Foundation and his testimony before the US Congress on regulating digital assets, where he argued the current regulatory approach has held back innovation in the Web3 space. Regulators across the globe are approaching regulation in different ways from the regulatory enforcement actions by the United States’ Securities and Exchange Commission to the EU’s most recent legislation, the Market in Crypto-Assets (MiCA) Regulation coming into force this month. “The Web3 Foundation sees its role as helping regulators to understand blockchain technology. Companies should be regulated for what they are, and what they do. We are encouraged by how some jurisdictions have tailored their regulations to the reality of the technology. A good example of this deep understanding is, the EU’s MiCA regulation, which has included its own class of utility token, a crucial step to recognizing the different classes of tokens based on their functionalities,” said Daniel Schoenberger, Chief Legal Officer of Web3 Foundation during the panel. Also, joining Daniel Schoenberger on the The Decentralized Web: How Much Regulation is Necessary? panel were: Joachim Schwerin, Principal Economist at the European Commission; Paige Collings, Senior Speech and Privacy Activist at Electronic Frontier Foundation; Alfred Früh, Professor of Private Law at the University of Basel; and, Ana Trbovich, Vice Chair of Energy Web Foundation. Outlining his view of blockchain technology, Joachim Schwerin, Principal Economist of the Digital Transformation of Industry unit within the Directorate-General Internal Market, Industry, Entrepreneurship and SEMs of the European Commission, said, “Blockchain is a societal revolution. Blockchain is something that puts decentralization and empowerment bottom-up first, and we have demonstrated that already, when we declared that blockchain is an innovation priority for Europe for the next decades to come in every policy field. That is the first time ever in the history of the European Union that we have made such a statement about a technology so shortly after it had emerged.” Describing the need to regulate behavior and not technology, Ana Trbovich, Vice Chair of Energy Web Foundation said, “For the same reason we don’t talk about regulating Python. The underlying premise of good governance is that you have to be technology neutral, blockchain should never be regulated, certain applications should be.” Explaining Web3’s role in protecting privacy risks, Paige Collings, Senior Speech and Privacy Activist at Electronic Frontier Foundation, said, “It is important that any regulation should be addressing behaviors rather than technologies. Just because something is decentralized doesn’t mean we don’t have bad actors. We need to make sure the same considerations of the centralized web are being applied in the decentralized world as well, and that we are not just taking this as an opportunity to innovate without any consideration of people’s speech and privacy, but we are putting that at the forefront of any new developments.” Speaking on the potential for blockchain technology to support the protection, use and commercial exploitation of intellectual property, Alfred Früh, Professor of Private Law at the University of Basel, said, “Web2 broke the copyright system. We have tools that have the potential to get control back to creators. We have to find the dialogue with authorities that have been doing this for a long time, patent and trademark offices, copyright offices, for example, so we can integrate them into the whole ecosystem.” Contacts Media Ursula O’Kuinghttons Director of Communications and Partnerships, Web3 Foundation [email protected]

From the present threshold rate of up to 25%, the taxes will drop dramatically to 7%. Up to 2,400 euros ($2,600) received in cryptocurrency will be exempt from taxation. Lower crypto taxes and other measures impacting the crypto sector were approved by the National Council of the Slovak Republic, Slovakia’s parliament. An amendment that would lower individual income tax on gains from the sale of cryptocurrency held by the holder for a minimum of twelve months was approved by a majority of the National Council on June 28. Massive Boost for Sector From the present threshold rate of either 19% or 25%, the taxes will drop dramatically to 7%. Moreover, up to 2,400 euros ($2,600) received in cryptocurrency will be exempt from taxation. In addition, the measure exempts cryptocurrency earnings from the 14% health insurance levy. A local Slovakian news outlet said that the Ministry of Finance estimates an annual financial affect of roughly 30 million euros as a result of the modification. A similar amendment, protecting citizens’ right to use currency in the face of discussion of a digital euro, was enacted by parliament only weeks before this one. The European Union, of which Slovakia is a part, has been keeping a close eye on the crypto industry’s growth in neighboring countries. The European Union (EU) officially enacted its historic Markets in Crypto-Assets (MiCA) laws on May 31. The goal of the new rules is to make Europe a center for trading digital assets. Companies operating in this sector have lauded MiCA since its initial debut in 2020 for providing much-needed regulatory certainty. On the other hand, the United States, another key market, has yet to establish as extensive standards for the business as in other countries. Due to the regulatory crackdown by U.S. SEC, many crypto firms are looking for a safe haven outside of the U.S. Highlighted Crypto News Today: Coinbase Layer-2 Network Base Nears Mainnet Launch

The annual Canada Crypto Week is set to captivate Toronto this August 13 to August 19, 2023, with an exciting week-long celebration featuring a series of 45+ engaging events. Canada Crypto Week showcases Canada’s thriving Web3 ecosystem, bringing together 10,000+ attendees across the week of festivities. It provides a platform for networking, knowledge sharing, and collaboration, highlighting blockchain’s potential and industry impact. The highly acclaimed anchor event Blockchain Futurist Conference, now in its fifth year, serves as the centerpiece of Canada Crypto Week. Taking place from August 15 to August 16, 2023, at the Rebel Entertainment Complex and Cabana Pool Bar, this conference stands as Canada’s largest event dedicated to Web3, Crypto, and Blockchain. The week of festivities is organized by numerous Web3 community groups and companies, hosting a diverse range of events throughout the week, including both private and public gatherings. Highlighted events during Canada Crypto Week include: Crypto Ecosystem Night hosted by VirgoCX The Future is Wild – An Immersive NFT Gallery Experience with DJ Fungible Women’s Breakfast hosted by 8 Top Women Web3 Organizations Developer Decentralization Event hosted by Stratos Cosmos & Informal Systems Meetup with Co-Founder Ethan Buchman Kids Blockchain and AI Interactive Event by Professor Meta Canadian Deepdive Unconference hosted by 15 Top Web3 Community Groups Private VIP Event hosted by Kraken CryptoBabes Toronto MeetUp CryptoChicks & NFTO Evening Event Bored Ape Club Private Gated Event for Ape Holders ETHToronto Hackathon Series – a web3 builders competition ETHWomen Hackathon – a women-focused and inclusive event series Blockchain Futurist Conference 2023 – Canada’s Largest Web3 Event During Canada Crypto Week, companies can host their own events alongside the main festivities, capitalizing on the conference’s ability to attract over 50% international attendees and sponsors. This provides a platform for international companies to organize private events, engaging their teams, clients, and the local Toronto community. It also boosts business for local bars and restaurants, creating a lively atmosphere in the region. Untraceable CEO, Tracy Leparulo, says, “As a Toronto-based female-founded company, we take immense pride in organizing Canada Crypto Week and collaborating with external community groups and companies to curate a week-long celebration throughout downtown Toronto. Our mission is to elevate Canadian innovation, highlight top Canadian talent, and foster support for local bars, restaurants, event centers, and hotels. Together, we strive to showcase the best of Canada’s blockchain ecosystem and contribute to the growth of our vibrant local economy.” Canada Crypto Week is a staple week-long celebration that unites the Canadian community. This event serves as a testament to Canada’s dedication to fostering innovation, collaboration, and responsible growth in the blockchain and Web3 sectors. To learn more about Canada Crypto Week or to submit your own event, please visit CanadaCryptoWeek.com Media Contact: Untraceable Events [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Solana (SOL) price sored over 18% in the last 24 hours. SOL is currently in the buy zone. Solana (SOL) the so-called “Ethereum Killer” price, climbed more than 18% in the last 24 hours to reclaim its $19 range. At the time of writing, Solana price had surged over 13% in a week and 28% in the last 14 days to trade at $18.97. The SOL price rally may last a long time as the price uptick was accompanied by an upswing in trading volume. The 24-hour trading volume soared about 256% to $1.05 million, and the SOL market cap rose 18% to $10.4 billion. Also, Solana’s one-week price suggested that the price uptick might continue as the graph registered as bullish. According to Tradingview, SOL’s open interest increased; an uptick in the metric generally means that the on-going price trend continues longer. Solana (SOL) Price Chart (Source: Tradingview) However, Solana recently faced an SEC challenge, in which the regulators claimed Solana’s SOL as a Security. Ryón Nixon, who served as Solana’s genesis general counsel, said the SEC labeling “SOL as a security is inaccurate”. Despite all the challenges, Solana attracted crypto investors. Also, over the past seven days, Solana NFT sales volume witnessed a significant surge of over 25%. Furthermore, both the number of NFT buyers and sellers experienced a substantial increase of more than 35%. According to data from Dappradar, the top three collections during this period were GGSG, Ec.io, and SolPunks. Recommended for you Solana (SOL) Price Prediction 2023

Exito Media Concepts unveiled the DT 100, a magazine which commemorates the extraordinary accomplishments of technology leaders in the UAE at the Digital Transformation Summit which took place on the 14-15 of June 2023 at the Ritz Carlton, Dubai International, Financial Centre. DT 100 recognises individuals who have made outstanding contributions to the advancement of technology in the region. Here is the esteemed DT100 list: Veneeth Purushotaman – Group Chief Information Officer, Aster DM healthcare Srinivasan Sampath – Acting Chief Technology Officer, First Abu Dhabi Bank Abdalla Al Ali – Director IT and Innovation, DMCC Authority Aiman Othman – IT Director, Union Coop Sebastian T. Samuel – Chief Information Officer, AW Rostamani Group Tamer Hamed – Chief Information Officer, DUCAB Eng. Isha Aljasmi – IT Director, Ministry of Energy & Infrastructure Gigi Mathew Thomas – Group Head – IT & Digital Transformation, Ittihad International Investment LLC Abdul Rahmaan Ismail – Head of IT UAE, SAAB Group Rajesh Kumar Bhaskaran – Head – Core Technology Platforms, EMIRATES NBD Munir Majdalawieh – Head of Information systems and Technology Management Department (Department Chair), Zayed University Dubai Swapnil Kelaiya – Head of IT & Digital Transformation, Smith + Nephew Alexei Ivanov – Head Of Information Technology, MAPYR FZCO Rahul Otawat – Vice President – Data Science and Analytics, Mashreq Bank SatyaShankar Chirravuri – Head of Technology Platforms – Cloud & Security, Al-Futtaim Jayant Sharma – Digital Experience Platform Director, Miral Experiences Somy Varghese – Head of Digital Transformation & Technology, Etoile Group Himanshu Puri – Head Of Information Technology (CIO), King’s College Hospital London – UAE Gyan Prakash Srivastava – Head – Data Management , Analytics & Data Governance, Mashreq Bank Carl Siddons – SVP Digital Design, ALDAR – Real Estate Amna Saleh AlHammadi – Head of Health Systems and Integration Section, Acting Director of Health Information Systems Department, Emirates Health Services Akash Lall – General Manager IT Digital, Sobha Realty Ehtisham Syed – Executive Director IT, Falconpack Dr. Hamad Khalifa Al Nuaimi – Telecommunications Specialist, Abu Dhabi Police Vineesha Hk. – Regional thought leader – Digital & CX UAE MENA, Women Leader of the Year Dr. Sid Ahmed Benraouane – Dubai Government Advisor | MENA Government Advisor, Dubai Government Dr. Ebrahim Al Alkeem – Digital Transformation, Cyber Security and Artificial Intelligence Expert, Government of Abu Dhabi United Arab Emirates Dr. Ebrahim Hasan Al Khajeh – Division Director of Human Capital Member of the Strategic Transformation Committee, Abu Dhabi Customs United Arab Emirates Suleiman Mohammed Aldabbas – Digital Transformation Expert – Public Sector, UAE Awad Ahmed Ali El-Sidiq – Head of Artificial Intelligence & Analytics, ADNOC Manal Allam – IT Head & Business Partner, Merck Group Jad Hindy – Senior Vice President Marketing, Expo City Dubai Kelly Machado – Digital Strategy & Transformation, UAE Government Taghrid Alsaeed – Executive Director – Group Communications and Destination Marketing, Miral Raed Kuhail – Executive Director, Digital and Technology, Miral Sarfaraz Muneer – Vice President, Cyber Security and Technology Platform, Mubadala Vishal Anand – Senior Director IT, Jumeirah Group Aus Alzubaidi – Director of IT, Cybersecurity & Media Management, MBC Group (Middle East Broadcasting Corp) Sumit Srivastava – Digital and Commercial officer, A leading Digital Services provider Bart Pietruszka – Chief Data & Analytics Officer, Wholesale Data, Analytics and CRM, HSBC Bank Middle East Nitin Bhandari – SVP & Head of Payit Digital Wallet, First Abu Dhabi Bank (FAB) Giovanni Gavino Everduin – Head of Strategy & Innovation, Commercial Bank International Dr. Thierry Lestable – Executive Director, Artificial Intelligence & Digital Science Research Center (AIDRC), Technology Innovation Institute (TII) Kareem Refaay – Managing Director GCC & MENA, The London Institute of Banking & Finance Moe Abeidat – Group VP of Technology (Executive Committee), Aramex International Krishnan Gopi – Group Chief Disruption Officer, GEMS Education Imran Kannuti – Head, Banking Operations Digitization & Transformation, Banque Misr UAE Sivakumar Venkatraman – Chief Technology Officer, Lockton (MENA) Limited Jayaraj Perumalsamy – Group Head of IT & Digital Transformation, Barakat Group of Companies Ronit Ghose – Global Head – Future of Finance, Citi ElFadl Ibrahim – Advisor, Digital Oilfield, ADNOC Stephen Kruger – CTO, Careem Chirenj Chandran – CEO, MySyara Debbie Botha – Chief Partnership Officer, Women In Ai Naushad Mohammed – Director – IT, Reem Hospital, Vamed Healthcare Meshal Abdulla Binhussain – CIO Ministry of Finance Eyad Kashkash – EVP, Group Head of IT, Al Ramz Corporation PJSC Mamoun Alhomssey – Executive Vice President Technology, ADIB Linoy Kidd – MSs cio menat, HSBC Murali Mohan Thupakula – Group Director of IT – Digital Transformation, Geidea Billel Ammour – Head of IT & Digital, Taqeef Younis Othman – Senior Manager- Director of IT Department, Dubai Customs Salahuddin Almohammadi – Group IT Director, HSA Group Bisrat Degefa – Director – Head of Digital Developments, Gleeds Ravindran Ramiah – CTO, Aafaq Islamic Finance PSC Mohammed Ahteshamuddin – Head of Information & Technology, FlyDubai Umesh Moolchandani – Chief Information Officer, Bin Dasmal Group Santosh Shetty – CIO/Head of IT, Liwa Trading Enterprises LLC Arun Kumar Mohta – Group IT Head, FJ Group Vippon Kumar – Associate Director – IT, Plaza Premium Group Ezzeddine Jradi – Chief Transformation and Business Excellence Officer, EMICOOL LLC Hiren Desai – Head Of Information Technology, Burjeel Medical City Vignesh Bala Pillai – Vice President, Technology, Mashreq Manish Agarwal – Chief Information Officer, M H Enterprises LLC Dylan Fernandes – Head Of Information Technology, Lavoya Restaurants Group Somnath Sarkar – CISO – Group Head of Information Security, Mashreq Bank Tarek Soubra – Chief Technology Officer, Al Maryah Community Bank Shumon A Zaman – Chief Information and Digital Officer, Ali & Sons Holding LLC Ibrahim Al Najjar – Vice President Information Technology, DP World Ali H Ghunaim – Director Of Information Technology, Canadian Specialist Hospital Suraj Nair – Director – Digital Services (Middle East, North Africa, Pakistan), Mondelēz International Lenish Kannan – CIO, WESTERN INTERNATIONAL GROUP – NESTO/GEEPAS Khaldun S.A Al Khaldi – VP- Head Of Enterprise Infrastructure Services, Dubai Islamic Bank Jacob Mathew – Head Of Information Technology, Government of Abu Dhabi Entity Syed Ali Naqvi – Head of Cyber Security, HBL – Habib Bank Limited , Dubai Miguel Rio-Tinto – Group Chief Digital and Information Officer, Emirates NBD Gokul Gopalakrishnan – Head of Information Technology, Acino Peter Gesper – Director of Information Technology, Majid Al Futtaim Neeraj Tiwari – Head of Digital Technology, Kuwait Food Company (Americana) , Dubai Dr. Joseph George – Chief Technology Officer, Smart Salem Sasidhar Merugu – Head of Information Technology, Shalina Healthcare Sourabh Shukla – Head IT PMO, AWR Mustansir Aziz – Head Of Information Technology, Automech Group Jitesh Goradia – IT Director, DarGlobal Aslam Labeeb – Head of Supply Chain & IT, Gulf International Mohammed Tarik Kouba – Head of IT – Quality – Service and Technology Business Management. Mohammed Ameen – CIO/CTO/Tech Director, Masafi LLC Sanil Abdulla Manoly – Head of IT, Uuniversity Of Wollongong Dylan Fernandes – Head Of Information Technology, Lavoya Restaurants Group Dr. Tariq Al Hawi – Program Director, UAE Smart Government Diaa Moustafa – Head – Technolgy Platform, Abu Dhabi Commercial Bank About Exito: Exito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands. For more information about DT 100, including the complete list of nominees and the Digital Transformation Summit schedule, please visit our official event website: https://digitransformationsummit.com/uae/dt-100/ For press inquiries or media coverage requests, Contact: Mithun Gopinath Email: [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Shiba Inu skyrocketed in popularity among Ethereum’s Top 100 Whales. An unknown wallet burned 27 million SHIB tokens. Shiba Inu (SHIB), the popular dog-themed memecoin, becomes the top-held cryptocurrency among the 100 Ethereum (ETH) whales. The memecoin has gained significant attention in recent months and has skyrocketed in popularity among Ethereum’s Top 100 Whales. According to the Whalestats report, the top 10 ETH whales hold 49,621,465,093,470 (49.62 trillion) SHIB tokens worth $601,204,724 ($601.20 million) in their wallets. SHIB becomes the fourth top-held token among ETH’s top 100 whales, following Ethereum, USD Coin (USDC), and Tether (USDT). Mysterious Shiba Inu Burn by Unknown Wallet Shiba Inu became the most traded token among the top Ethereum whales. Moreover, SHIB is the biggest token position by dollar value. This unexpected surge in SHIB highlights the growing influence of memecoins in the crypto market. It is a remarkable achievement for the SHIB to be favored by Ethereum’s top 100 whales. However, the top 100 ETH whales continue to choose Ethereum, as they currently own a remarkable 3,126,300 (3.12 million) ETH. The Ethereum whale’s interest comes after SHIB’s creator announced that the development of Shibarium has reached its final stage. Recently, the SHIB community reported that an unknown wallet burned 27 million Shiba Inu tokens. SHIB has gained considerable attention as a memecoin and garnered with the burn by the mysterious wallet. At the time of writing, the trading price of Shiba Inu is around $0.000007342, with an increase of over 1.35% in the last 24 hours. The trading volume of the SHIB has experienced a decline of 25.83%, according to CoinMarketCap.

U.K.’s progressive crypto regulations aim to create a global crypto hub. U.S. crypto regulation focuses on investor protection, causing market volatility. Hong Kong integrates crypto despite potential risks, transforming its financial landscape. Cryptocurrencies, once the plaything of tech enthusiasts and a curiosity of the financial world, have matured into an undeniable force that cannot be ignored. These digital assets have transformed from an esoteric concept to a global financial trend. As a result, forging their paths across diverse geographical boundaries from East to West. But as their influence grows, so does the need for regulation. As per reports, a global patchwork of regulatory approaches has emerged, with governments oscillating between outright bans, cautious embracement, and strategic indifference. In addition, each approach bears its unique influence on the global cryptocurrency market, influencing investor behavior, entrepreneurial innovation, and market volatility. Further, the rise of cryptocurrencies presents both opportunity and challenge. U.K. Spearheads a Bold Crypto Future As per recent news, the U.K., under King Charles, made crypto trading a regulated activity, highlighting its dynamic approach to financial markets. The newly minted Financial Services and Markets Act 2023 aims to establish a sustainable, open, and tech-savvy financial sector. Consequently, it underscores the U.K.’s ambition to become a global crypto hub. By tailoring financial regulations to match U.K. markets, the Act could help unlock around £100 billion for investment, thus cultivating innovation and economic growth. Additionally, the Act seeks to ensure greater scrutiny and accountability of financial regulators, such as the Financial Conduct Authority and the Prudential Regulation Authority. U.S.’s “Wild West” Regulatory Stance Across the Atlantic, the United States is gradually adopting a more receptive stance on cryptocurrency regulation. The country established a fresh regulatory structure in 2022, creating room for a more rigid regulation of cryptocurrencies. This approach empowered regulatory agencies like the SEC and the CFTC significantly. The SEC has swiftly moved to regulate the crypto industry, as seen in its lawsuit against Ripple and its recent targeted enforcement on major cryptocurrency exchanges. Gary Gensler, the SEC’s Chairman, underscored the importance of safeguarding investors, irrespective of the technologies involved. Due to these actions, some observers have painted the U.S. crypto market as being somewhat akin to a ‘wild west’. Moving eastwards, Hong Kong is progressively integrating crypto into its financial sector. The Hong Kong Monetary Authority (HKMA) has urged major lenders such as HSBC and Standard Chartered to open their doors to crypto exchanges. Despite initial resistance from these financial giants due to concerns over potential illicit activities, the HKMA maintained that due diligence should not burden businesses exploring opportunities in Hong Kong. The impact of such moves is potentially transformative for the region’s financial landscape. In conclusion, understanding crypto’s regulations and market impacts from East to West reveals the potential for growth, innovation, and integration. The journey of crypto into the mainstream is underway, but it still needs carefully crafted regulatory environments to thrive. Highlighted Crypto Trading Today: Today’s Crypto Gold: Unmasking the Top Socially Active Coins

The Litecoin Network has processed another million transactions in the last week. LTC’s recent achievements started reflecting in its trading price. The Litecoin network is experiencing an impressive surge in activity, setting the stage for a remarkable milestone in the crypto market. The network has completed another million transactions in only one week, enhancing LTC’s record for speed and scalability. On June 30, Litecoin tweeted that it had processed another million transactions in the last week. Moreover, a few days ago, Litecoin revealed that it processed over 25 million transactions in 2023. LTC has continuously marked significant milestones in the crypto market. The LTC’s recent achievements started reflecting in its trading price. At the time of writing, the trading price of LTC is around $84.74, with an increase of over 2.02% in the last 24 hours. The trading volume of LTC has experienced a decline of 28.30%, according to CoinMarketCap. Investors are closely monitoring the market as excitement for the Litecoin halving event rises.

Fidelity joins other financial giants in seeking spot bitcoin ETF approval. Recent lawsuits dampened crypto sentiment, but ETF proposals reignite hope. SEC’s decision on spot bitcoin ETFs could shape crypto’s institutional future. In a significant development, Fidelity has formally requested approval for a spot Bitcoin ETF. Consequently, optimism is rebounding within the beleaguered crypto industry. As per a Coingraph tweet, the proposal, sent to the U.S. Securities and Exchange Commission (SEC), seeks to list and trade shares of the Wise Origin Bitcoin Trust on the Cboe BZX Exchange. Besides Fidelity, other financial giants such as BlackRock, WisdomTree, Invesco, and VanEck dive into crypto. These forays are breathing new life into the sector, dulled by stringent regulatory measures in recent years. SEC Decisions to Determine Crypto’s Future However, the crypto world is not without its challenges. The recent lawsuits filed by the SEC against Binance and Coinbase Global have dampened investor spirits. Nonetheless, the influx of spot bitcoin ETF proposals from respected institutions has reignited hope. Notably, the SEC has previously shot down similar requests, including one from Fidelity in early 2022. Yet, the current wave of applications may suggest a shift in regulatory attitudes. Based on reports, spot ETFs directly mirror the price of the underlying cryptocurrency. Hence, they allow investors to hold the actual asset, unlike futures-based ETFs, which only track the price of bitcoin futures contracts. Significantly, the SEC’s decision on these latest proposals could herald greater institutional involvement and broader acceptance of Bitcoin. Therefore, the market is closely watching to decipher the potential fallout for the overall market and cryptocurrency prices. In conclusion, while the outcome is far from certain, the emerging interest from major investment players signals an evolution. Further, the lines are blurring between the traditional finance sector and the innovative world of crypto. The future, it seems, is one where these two worlds are increasingly intertwined. Highlighted Crypto News Today: Biden Aims for Tax System Fairness: Closing Loopholes For Crypto Traders