The price of the SHIB surged from $0.000008019 to $0.000007476 in a day. The layer 2 blockchain Shibarium launch is expected to launch in July. Shiba Inu (SHIB), also known as “the Dogecoin killer,” is facing difficulties maintaining its position in a challenging market environment. The current market decline has intensified the struggle for SHIB as investors eagerly anticipate the launch of “Shibarium”, a highly anticipated layer-2 blockchain. However, concerns are mounting due to the lack of progress in the network’s deployment, especially in the wake of recent volatility in SHIB prices. The long-awaited Shibarium holds significant promise for SHIB investors. As it aims to enable token burns and facilitate SHIB transactions with reduced gas fees. However, the delay in its launch has cast a shadow of doubt on SHIB’s price. That the memecoin still not recovered from the earlier low. Also, while the other top cryptocurrencies showed positive gains, the meme token declined by more than 14% in the last 30 days. Shiba Inu (SHIB) Witnesses Volatility Over the last weekend, the meme coin experienced a notable downturn, plunging from $0.000008 to $0.000005. But following the recent upward momentum in the crypto market, the Shiba Inu price surged by over 5.5% in a week to reclaim the $0.000007 levels. Further, SHIB has also experienced a wave of bearish sentiment. That fueled by Elon Musk’s suspension of the Shiba Inu burn tracking Twitter account, which was activated today. As a result, SHIB’s price dropped from $0.000008019 to a 24-hour low of $0.000007476. Shiba Inu (SHIB) Price Chart (Source: Tradingview) At the time of writing, SHIB traded at $0.000007555 with a 24-hour trading volume of $105 million, which is up around 2%. Also, the memecoin price soared over 12 in the last 14 days and holds a market cap of $4.4 billion. In addition, Shiba Inu is currently in the sell zone, which means it may increase its value in the future. Further, the prolonged delay in the release of Shibarium continues to weigh on investor confidence. And Shiba Inu developer Shytoshi Kusama hints that the layer 2 solution will be made public in the upcoming month. Recommended for you Shiba Inu (SHIB) Price Prediction 2023

Riot Platforms to elevate hashrate capacity to new heights. The firm also secured an option for 66,000 potential machine purchases. Riot Platforms, a major player in the global Bitcoin mining industry, is poised to significantly enhance its hashrate capacity by acquiring 33,280 mining rigs from MicroBT, a renowned manufacturer of essential equipment for cryptocurrency mining. The order for Application-Specific Integrated Circuit (ASIC) amounts to an impressive $162.9 million, setting it apart as a remarkable acquisition. Particularly amidst a series of comparable investments made by rival companies this year. However, the delivery of the machines is not expect until December 2023, with deployment slated for the first quarter of 2024. Jason Les, CEO of Riot, stated: Among the ASIC models acquired by Riot, the notable ones are the M56S+ and the newly introduced M56S++. The latter, unveiled in late April, stands out with its remarkable power efficiency of 22 joules per terahash (J/TH) and an impressive maximum hashrate of 230 terahashes per second (TH/s). When it comes to Bitcoin mining, a “hash” denotes the endeavor to solve complex mathematical problems. That miners must undertake to construct a new block. Mining machines consume energy as they generate as many guesses as possible. Aiming to be the first to solve the problem and mine the subsequent block, which presently carries a reward of 6.25 BTC. Riot’s latest purchase is poised to significantly boost its hash rate capacity by 7.6 exahashes per second (EH/s), bringing the company’s total capacity across its facilities to an impressive 20.1 EH/s. In simpler terms, a terrahash represents a trillion hashes, while an exahash signifies a staggering one quintillion hashes. Highlighted Crypto News Today Bitcoin (BTC) Price Prediction 2023

On May 18, Binance Australia suspended dollar services due to Cuscal’s instruction. The suspension had a huge impact on approximately 1 million Australian users. Binance Australia head Rose finally shed broad light on the incident. The Binance community is still shaken by the events that occurred on May 18. On that day, Binance Australia announced the suspension of its dollar services after its payments provider, Zepto. It received instructions from Cuscal to stop supporting Binance. This left the community with numerous questions, but they have now finally received answers. Ben Rose, the regional manager for Australia, recently shed light on the issue during his appearance at the Australian Blockchain Week. It is worth noting, that the sudden suspension of Binance Australia’s Australian dollar (AUD) services had a significant impact on approximately 1 million Australian Users. Truth Behind Binance Australia’s Debanking: Exposed In a surprising disclosure, Rose revealed that the team received a mere 24 hours’ notice before being informed of their “debanking.” Cuscal being the partner banking and payments provider for Zepto, made this decision. The exact reasons behind this sudden move remain unclear, causing considerable concern among Binance and its customers. During his on-stage interview, Rose reassured the audience that the loss of their banking partner had not significantly affected Binance Australia’s business. Users swiftly adapted to alternative methods, such as utilizing bank cards for purchases and deposits. However, he emphasized the urgent need for collaboration with regulators. And the banking sector to implement “sensible licensing” for the cryptocurrency industry. The incident involving Binance Australia highlights the pressing need for Australia to establish a clear regulatory framework and licensing process for the crypto industry. Rose called upon the country to seize the opportunity presented by the evolving global landscape. Meanwhile by cautioning about potential risks if prompt action is not taken. Attributing to it, Binance Australia engages in discussions to secure an alternate third-party payment provider. The company remains committed to finding a viable solution that ensures seamless transactions and compliance with regulations. Despite the challenges faced, Binance Australia maintains its optimism regarding the future of the crypto industry in the country. Related Read : Crypto Exchange Binance Withdraws License Registration in Austria

Dubai, UAE, June 27th, 2023, Chainwire OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today launched its new ‘Nitro Spreads’ feature on its institutional Liquid Marketplace, an OTC, futures spreads and options liquidity network, allowing traders to make complex basis trades with simple one-click execution. Basis trading is a strategy built around trading the difference between an asset’s price on two separate markets, such as spot vs. futures, and can generate returns when executed properly. It typically requires both legs of the trade to be managed simultaneously, which can be cumbersome. OKX’s Nitro Spreads automates this complex trade into one click, leveraging the platform’s superior liquidity and low latency for maximum user benefit. Nitro Spreads is also one of the only basis trading tools in the crypto market in which the two legs of the trade are executed via a central orderbook, eliminating leg risk between markets. Before execution, traders can also select a guaranteed spread for a trade, mitigating unexpected price slippage. Trades are then matched and settled immediately. A variety of basis trading strategies can be executed by institutional traders through Nitro Spreads’ easy-to-use interface. Institutional traders can employ popular delta one spread strategies like calendar spreads, future rolls and funding rate farming – all in an orderbook format. The on-demand OKX Liquid Marketplace provides access to deep institutional liquidity and a number of crypto trading strategies, including futures spreads, large options block trades or spot OTC, to run at scale. In April, OKX announced that the Liquid Marketplace exceeded USD1 billion in trading volume during the first three months of 2023. About OKX OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere. As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com Disclaimer THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES. Contact Press [email protected]

While Ethereum remains the go-to layer 1 blockchain, the competition for Ethereum layer 2 solutions remains intensified. Here, we have projects like Polygon (MATIC), Arbitrum (ARB), and, of course, Optimism (OP). The Optimism price has surged by over 50% in the past few weeks due to a mix of positive fundamental factors. But there’s a crypto gem that looks set to better this trajectory. >>BUY SPECTRA TOKENS NOW<< Optimism (OP) Shows an Impressive Growth in Daily Active Addresses Zora, a Web3 platform for creating NFTs, is now connected to the Optimism (OP) network. But there are more noteworthy developments for Optimism (OP). Firstly, the general crypto market is bullish after news of BlackRock filing for a new Bitcoin exchange-traded fund. After some decline due to the SEC lawsuit against Binance and Coinbase, Optimism (OP) has recovered by 55% from $0.87 to $1.35. Speaking of the SEC case, analysts have noted a competitive advantage for the cryptocurrencies not labeled by the regulator as securities. Optimism (OP) fits this description, meaning it wouldn’t face stricter requirements if the lawsuit went in the SEC’s favor. As of 19 June 2023, Polkadot Insider reported that Optimism (OP) had a 77.1% growth in daily active addresses. The blockchain beat the likes of Ethereum (ETH), Cardano (ADA), and Polygon (MATIC), the same projects the SEC argues are securities. If things go well for Optimism (OP) and the wider crypto market, the price would, at the very least, eclipse $2 this year. >>BUY SPECTRA TOKENS NOW<< VC Spectra (SPCT) Offers Optimism in Asset Management VC Spectra (SPCT) is the latest in the world of decentralized asset management. It’s a trustless platform that invests in sustainable blockchain and technology-focused ventures. Along with this, VC Spectra (SPCT) is a fund of specialized funds in sub-sectors within the latter industries. VC Spectra (SPCT) aims to offer a seamless, accessible, and democratized platform for investing in the future of blockchain and technology. The same blockchain and technology give VC Spectra (SPCT) an edge over traditional asset management businesses. Smart contracts are key in automating trading, handling funds, and the distribution of dividends. But this isn’t the only income stream VC Spectra (SPCT) can receive. On top of this, investors can also get quarterly dividends by selling their shares back into the liquidity pool. However, this benefit is only for holders of SPCT, VC Spectra’s utility token. Aside from quarterly dividends, SPCT holders have governance power where they can influence the platform’s ongoing and future direction. Also, SPCT offers discounted access to initial coin offerings before they become public. So, how will VC Spectra (SPCT) rival the gains of Optimism (OP)? SPCT is currently worth $0.008, but the projected price target is $0.08, equaling an impressive 900% surge. Stage 1 of VC Spectra’s (SPCT) presale has resulted in over $2 million in capital. Many more stages will occur, and as they do, the price is likely to increase. Thus, it’s the best time to invest in VC Spectra (SPCT). Learn more about the VC Spectra presale here: Buy Presale: https://invest.vcspectra.io/login Website: https://vcspectra.io Telegram: https://t.me/VCSpectra Twitter: https://twitter.com/spectravcfund Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Stablecoins offer predictability and safety amid crypto volatility. Regulatory frameworks are key to stablecoins’ future success. In the ever-evolving landscape of cryptocurrency, the emergence of stablecoins creates waves, offering a refuge for investors in the tumultuous seas of digital finance. Buoyed by robust reserves and promising stability in a volatile market, these digital tokens have rapidly become a preferred asset. Moreover, leading banking institutions and federal bodies worldwide are beginning to recognize their potential, marking a significant shift in global financial perspectives. Furthermore, this shift is evident in the bold steps of Japan’s MUFG banking giant, which is poised to issue foreign-currency stablecoins. Besides minting stablecoins tied to foreign currencies like the U.S. dollar, this move is also heartened by the recent establishment of Japan’s legal framework for these tokens. Given the new legislative assurances, Tatsuya Saito, MUFG’s Vice President of Products, contends that issuers and users will gain more confidence in utilizing stablecoins. According to reports, stablecoins, digital tokens designed to maintain a constant value typically of $1, are backed by reserves such as cash and bonds. Consequently, they provide a safety net for investors amid the volatility of other tokens, hence their rising popularity. U.S. and Hong Kong to Shape Global Stablecoin Regulatory Landscape On a similar note, the U.S. House Financial Services Committee, led by Chair Patrick McHenry, plans to vote on two critical pieces of legislation in July. These laws, primarily crafted by Arkansas Republican French Hill with input from McHenry, may bring a dramatic shift to the digital assets industry, notably cryptocurrencies and stablecoins. Additionally, Federal Reserve Chair Jerome Powell, speaking at the U.S. House Financial Services Committee’s semi-annual monetary policy testimony, said, “We see stablecoins as a form of money.” These comments, made in his first testimony hearing before Congress since March, mirror Powell’s statements on stablecoins. In September 2022, he referred to stablecoins as private forms of money. Powell further emphasized that stablecoins borrow trust from the central bank and require high-quality assets as reserves to prevent runs. However, the U.S. is not alone in sculpting the regulatory landscape for stablecoins. Hong Kong authorities are also pushing to introduce stablecoin regulations by 2024. In addition, they are reassessing rules on crypto derivatives to enhance their virtual asset licensing regime, aiming to position Hong Kong as a global Web3 hub. In conclusion, the adoption of stablecoins continues to surge, backed by a traditional fiat currency. Consequently, unlike their more volatile counterparts, these unique digital assets maintain a constant value. Hence, even amidst the ebbs and flows of the crypto market, stablecoins remain steady, offering predictability that appeals to investors. With their value closely tied to traditional fiat currencies, it offer the benefits of digital assets without excessive risk. In doing so, they genuinely carve out a haven in the digital finance landscape. However, the path forward for these tokens will hinge heavily on regulatory developments in major markets. Significantly, these digital assets increasingly recognized as a new form of money, bringing a wave of transformation to the world of finance. Highlighted Crypto News Today: ‌Wagner Rebellion Triggers Surge in Ruble-Tether Trading Volume Amidst Political Turmoil

A group of Dogecoin investors filed this case against Elon Musk. The Plaintiff’s lawyers have requested that the judge dismiss Musk’s attorney. Elon Musk, the CEO of Tesla, is facing accusations of market manipulation and insider trading of Dogecoin (DOGE). A group of Dogecoin investors filed this case against Elon Musk. According to the court filing in the case, the lawyers representing the group of Dogecoin investors want Musk’s lawyer thrown out for misconduct. The DOGE investor lawyers requested that the judge remove Musk’s attorneys from the lawsuit for engaging in a pattern of depreciating. And also, oppressive misconduct in a petition to the federal court in Manhattan. Dogecoin Investor’s Lawsuit Against Elon Musk On June 1, a group of Dogecoin investors filed a lawsuit against Elon Musk, accusing him of engaging in market manipulation and insider trading of the popular memecoin, Dogecoin. For a long time, Musk has promoted the DOGE memecoin on the Twitter platform and in his interviews. Musk’s actions have directly impacted the memecoin trading price, which has reached new heights. The investors have filed a case in Manhattan federal court that claims Musk has used his micro-blogging site Twitter’s posts, his participation in NBC’s “Saturday Night Live” in 2021. And other planned publicity stunts to trade profitably at their cost through several Dogecoin wallets that he or Tesla control. Investors have added that Musk sold $124 million worth of Dogecoins after he replaced the Twitter logo in April. Musk has changed the Twitter logo to Dogecoin’s Shiba Inu dog logo. This results in DOGE’s trading price surging above 30%. The filings also added that Musk used a deliberate course of carnival barking and market manipulation. Moreover, insider trading deceives investors and promotes himself and his companies. Defendant’s Alleged Dirty Tactics The plaintiffs stated that trials had to be defended and contested by lawyers, not apologists. Moreover, Tesla is a publicly listed company whose CEO cannot directly connect the company’s legal defense to his goals. And also, highlights the point in the letter, which is the report by the New York Post on June 15 as proof of the defendant’s dirty tactics. Alex Spiro, Elon Musk’s lawyer, has written a letter that demands the dismissal of an adamant complaint that accuses the Tesla CEO, Musk. Moreover, Spiro has rejected the accusation by the DOGE investors. And attacked the competency of one of the DOGE investors’ lawyers. The Plaintiff’s lawyers have requested that the judge dismiss Musk’s attorney, Spiro, and the other lawyers from the Quinn Emanuel Firm. And to charge them with financial fines for their actions. However, Musk has denied the accusations filed by the Dogecoin investors. At the time of writing, the trading price of Dogecoin is around $0.06468. Moreover, with a decline of around 3.04% in the last 24 hours. The trading volume of DOGE has experienced a surge of over 38.48%, according to CoinMarketCap.

LeverFi (LEVER) debuts on KoinBX, revolutionizing decentralized leverage trading. KoinBX recognizes the value of decentralized leverage trading with LEVER tokens. LeverFi and KoinBX collaboration enhances user-friendly trading opportunities. LeverFi (LEVER) is set to debut on the KoinBX exchange, marking a significant milestone for the decentralized leverage trading platform. Starting from June 28, 2023, at 11:30 AM (UTC), users can deposit, withdraw, and trade the LEVER token on KoinBX, opening up exciting opportunities for crypto enthusiasts. LeverFi, built on the Ethereum blockchain, offers a unique value proposition to traders seeking leverage trading options. By leveraging a cross-margin model, users can deposit yield-bearing collateral and engage in crypto asset trading with leverage of up to 10x. This innovative approach allows traders to profit from the fluctuations in cryptocurrency prices, potentially amplifying their gains. With the listing on KoinBX, LeverFi aims to reach a wider audience, providing them with seamless access to its powerful leverage trading capabilities. Traders can engage in LEVER/USDT and LEVER/INR trading pairs, expanding their trading options and facilitating greater liquidity for the LEVER token. The inclusion of LeverFi on KoinBX signifies the growing prominence of decentralized finance (DeFi) in the crypto space. LeverFi empowers traders to explore new horizons and make the most of market movements by enabling leveraged trading with yield-bearing collateral. Consequently, this listing on KoinBX is expected to attract more traders to the LeverFi ecosystem, contributing to its overall growth and adoption. LeverFi Listing Boosts Decentralized Finance Moreover, the integration of LeverFi with KoinBX reinforces the exchange’s commitment to providing its users with diverse and innovative trading opportunities. KoinBX acknowledges the potential value and demand for decentralized leverage trading by adding the LEVER token to its platform. LeverFi’s listing on KoinBX is a significant development for both platforms, offering traders a user-friendly experience and a range of trading options. As LeverFi continues to enhance its leverage trading capabilities, its collaboration with KoinBX will undoubtedly contribute to the growth and evolution of decentralized finance, providing a bridge for crypto traders to explore new opportunities and maximize their potential profits. Highlighted Crypto News Today: KoinBX Makes Global Waves: Top Indian Exchange Secures Trademark in Europe

The trading price of Tether has been pegged to the $1 mark. This is not the first time USDT has experienced a massive increase. The paramilitary group Wagner rebelled against the military leadership in Moscow, resulting in the Russians exchanging their rubles, Russia’s currency, with the dollar-pegged cryptocurrency this weekend. This results in a total volume of trades between rubles, and the stablecoin Tether (USDT) has surged from $4 million on Saturday to $15 million on Sunday. The trading price of Tether has been pegged to the $1 mark. The dollar’s status as an asset of security has made Tether a primary choice for those seeking safety from the currencies of their home nations for a long time. People frequently purchase cryptocurrencies when countries experience greater political or economic instability. The surge of Tether occurred as the leader of Wagner’s military group, Yevgeny Prigozhin, captured the city of Rostov-on-Don in southern Russia. Moreover, the military force has advanced northward into Moscow in an apparent coup attempt against Russian President Vladimir Putin. Russia’s Wagner Rebellion Prigozhin has been fighting a power battle with the military’s senior brass for months, holding them responsible for the deaths of his soldiers in eastern Ukraine. He has frequently charged them with insufficient funding for his army. And also, slowing progress with red tape while praising Wagner’s success as his own. On June 24, As Prigozhin accused Moscow’s military command of ordering strikes on Wagner’s camps. And killing several soldiers, his rage looked to reach a boiling point. The leader of the Wagner military group has unveiled several messages, claiming that he and his military troop have entered the city of Rostov-on-Don in southern Russia and taken over its military installations. Significant Increase in Ruble-Tether Trading Volume According to reports, Yevgeny Prigozhin has come to an agreement with Putin to leave Russia and halt his northward march into Belarus. After that, the trading volume between rubles and Tether has been down again. It has declined to approximately $3 million since the conflict ended. It is not the first time the trade volume of rubles and Tether has experienced a massive increase. In late February, during the conflict between Russia and Ukraine, trading between the ruble and Tether witnessed a huge surge. The trading volume has reached more than $37 million, according to Kaiko, which only obtains trade data on rubles and USDT from the cryptocurrency exchanges Binance and Huobi after several exchanges delisted the ruble as a result of global sanctions on Russia. Clara Medalie, Kaiko’s director of research, stated that Overall volumes are way down since the invasion last year. People’s change to the stablecoin became a major thing in countries that faced an ongoing crisis. It directly impacts the value of their national currencies. Moreover, Russia’s ruble quickly devalued after Putin declared an invasion of Ukraine. These things are taking place with the BRICS summit coming up soon. After Putin’s Surrender to the ICC, the BRICS Summit was planned for August in South Africa. The continuous surge of interest among people in crypto is expected to be a topic of discussion at the summit. The major question now is whether Putin will attend the BRICS summit or not. The crisis in the countries has played an important role in the trading of stablecoins. This sharp increase in trading activity reflects a growing lack of confidence in the stability of the ruble amidst the ongoing political turmoil. Moreover, the surge in trading volume between rubles and Tether highlights the potential of cryptocurrencies to serve as a refuge for individuals seeking stability in uncertain times. Disclaimer: The opinions expressed in this article are solely those of the writer and not of this platform. The data in the article is based on reports that we do not warrant, endorse, or assume liability for.

OKX will be able to integrate this new token technology into its platform more smoothly. Inscription support is planned for the exchange, which will increase investment options. OKX’s implementation of the BRC-20 token standard has passed a security assessment conducted by CertiK, the industry leader in blockchain security. This is a crucial step towards adding Ordinals to the Bitcoin blockchain. And a turning point for the cryptocurrency and blockchain industries. OKX, one of the major cryptocurrency exchanges in the world, has reaffirmed its dedication to Bitcoin. Which is ready to spur innovation in the field of BRC-20 transaction indexing on the Bitcoin blockchain. OKX has shown its commitment to promoting a fully decentralized free market with this innovative project. Banking on Bitcoin Ordinals Moreover, OKX will be able to integrate this new token technology into its platform more smoothly with the help of this and future audits. Also, inscription support is planned for the exchange, which will increase investment options for its user base. The platform will also improve its trading capabilities by allowing users to purchase, trade, transfer, and make offers on Bitcoin NFTs and tokens. Jason Jiang, Chief Business Officer at CertiK stated: On the other hand, OKX Wallet is the leading marketplace for trading Ordinals. OKX’s share of Ordinals trading volume hit 48.4 percent, as per blockchain data analytics platform Dune. Users of the OKX Wallet Ordinals Marketplace may examine up-to-the-minute statistics on active token sales and acquire tokens that have already been sold on the marketplace. Highlighted Crypto News Today: Bybit Expands Operations With Crypto License in Cyprus

The expansion of the exchange has remained steady during the previous several months. The firm claimed this month that its worldwide user base had grown by 50%. Crypto exchange Bybit has been expanding rapidly. A license to operate a cryptocurrency exchange and offer digital asset custody services was revealed today by the exchange in Cyprus. Obtaining an operating license in Cyprus was a calculated move on Bybit’s part to widen its international reach. Bybit now has the legal authority to provide cryptocurrency exchange and custody services to clients in Cyprus, Custody services, financial services pertaining to crypto assets, and crypto-to-fiat currency pair trading are all available to customers in Cyprus. Bybit has expanded its activities and licensing to include not just Europe, but also North America and the Asia-Pacific. User Base Up 50% The expansion of the exchange has remained steady during the previous several months. Users of Bybit have also increased dramatically. The firm claimed this month that its worldwide user base had grown by 50%, from 10 million members in Q3 of 2022 to 15 million users this year. On April 18th, Bybit relocated its offices to Dubai as part of its plan to expand into the more crypto-friendly Middle East and North Africa (MENA) area. Bybit quickly followed Binance and OKX in abandoning the Canadian market due to the impact of new regulations. Bybit’s new headquarters is the latest achievement in the company’s march towards becoming the world’s preeminent cryptocurrency exchange. Moreover, Bybit activities in Cyprus will be governed by the European Union’s recently enacted Markets in Crypto Assets Regulation (MiCA). On the other hand, recently, in a surprising move, Binance moved out of Cyprus. And today Binance decided to withdraw license registration in Austria. Highlighted Crypto News Today: Crypto Exchange Binance Withdraws License Registration in Austria

The group is working together so that more developers will use the NEAR Protocol. It has surged 13% in the last 24 hours to its current price of $1.60 as per CMC. According to reports, Chinese IT giant Alibaba Cloud has partnered with the non-profit NEAR Foundation which developed the decentralized platform NEAR Protocol to promote Web3 throughout Asia and the Middle East. The native token of the ecosystem, NEAR, had its value increase by more than 13 percent following the announcement. Boosting NEAR Protocol Exposure The goal of the cooperation is to provide NEAR Foundation access to the global developer community offered by Alibaba Cloud. The group is working together in the hopes that more developers will use the NEAR Protocol. New validators may be issued by developers using the “plug-and-play” infrastructure provided by Alibaba Cloud. Additionally, the two parties committed to providing remote procedure calls (RPC) to the NEAR ecosystem. Raymond Xiao, director of international Web3 solutions at Alibaba Cloud Intelligence stated: While using Alibaba Cloud’s infrastructure, customers will also get access to NEAR Blockchain Operating System (BOS), a platform released earlier this year that enables developers to build onto and communicate with other users. The announcement sent the price of NEAR up almost instantly. It has surged 13% in the last 24 hours to its current price of $1.60 as per CMC. NEAR, like Bitcoin and many altcoins, has seen substantial increases recently, rising by almost 26% in the last week. Recently, Alibaba announced the appointment of Joseph Tsai as its new chairman. Tsai is a prominent investor in Web3 and has inked many partnerships with organizations involved in the cryptocurrency industry. Highlighted Crypto News Today: Crypto Exchange Binance Withdraws License Registration in Austria

On July 14, Judge Jed Rakoff will issue a ruling on the application to dismiss the lawsuit. Do Kwon and Han Chang-joon were each given a four-month prison term in Montenegro. Prosecutors in Switzerland were urged by the US Securities and Exchange Commission (SEC) and the New York Federal Prosecutors Office to seize cryptocurrency and fiat cash held by digital asset bank Sygnum on behalf of Terraform Labs and its co-founder Do Kwon. Dentons, the elite legal firm representing Terraform Labs and its co-founder Do Kwon, has taken this step after submitting new paperwork in an effort to get the US SEC complaint against them dismissed. Also, on July 14, Judge Jed Rakoff will issue a ruling on the application to dismiss the lawsuit. Extradition to South Korea Swiss authorities have frozen $26 million in cryptocurrency and fiat. Reportedly owned by TFL, Do Kwon, ex-CFO Han Chang-Joon, and ex-TFL research head Nicholas Platias. Prosecutors in the United States and South Korea had previously claimed that Do Kwon had transferred 10,000 BTC to a Swiss account linked to Sygnum. After the Terra-LUNA Crisis of 2022, the US SEC said, Do Kwon cashed out more than $100 million worth of Bitcoin. Moreover, after a court in Montenegro ruled in favor of the prosecution on June 19, Do Kwon and Han Chang-joon were each given a four-month prison term for using forged Costa Rican passports to try to board an aircraft to Dubai in March. Meanwhile, the Montenegrin High Court is working to expeditiously extradite the two South Korean nationals to their home country. Prosecutors in South Korea have said that Do Kwon faces 40 years in jail if he is extradited there. The U.S was also in line to get its hands on the duo but as per reports, the Montenegro authorities decided to extradite them back to their home country. Highlighted Crypto News Today: Crypto Exchange Binance Withdraws License Registration in Austria

Binance’s market share approaches a one-year low amid increased regulatory scrutiny. SEC lawsuit against Binance and its founder impacts the largest cryptocurrency exchange. Withdrawals of Bitcoin and Ethereum from centralized exchanges increase as buying activity surges in the crypto market. According to data from research firm Kaiko, Binance’s market share has approached a one-year low due to increased regulatory scrutiny on the cryptocurrency industry. On June 5, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its founder, Changpeng “CZ” Zhao, impacting the largest cryptocurrency exchange. Based on Kaiko’s data, Binance’s spot trading market share remained relatively stable at 56% as of June 19, similar to the preceding two months. This represents the lowest level since it dropped to 53.7% in August of the previous year. Binance trading affected after SEC lawsuit Following a separate complaint from the U.S. Commodity Futures Trading Commission on April 6, Binance’s daily market share temporarily fell to as low as 47%. Cryptocurrency exchanges, including Binance, are facing increased pressure as traditional financial players, such as BlackRock Inc., aim to obtain approval for regulated spot Bitcoin exchange-traded funds (ETFs) in order to attract investors. Notably, over $1.4 billion worth of Bitcoin and Ethereum were withdrawn from centralized exchanges (CEXes) as the crypto market saw increased buying activity in the past week, as indicated by IntoTheBlock data. This suggests that not only Binance, but also U.S.-based Coinbase, which also faced a lawsuit from the SEC, experienced a drop in market share from 7.6% at the beginning of the year to 6.8% in June. Overall, the regulatory crackdown has dampened investor confidence and led to a decrease in global trading volume across crypto exchanges. Despite a slight decline in market share, the exchange remains larger than all other cryptocurrency exchanges combined. Furthermore, as per data from cryptocurrency data firm DefiLlama, Binance boasts the highest quantity of customer tokens, with reserves estimated at a substantial value of $59.2 billion.

Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license. The crypto exchange had recently canceled VASP registration in several EU countries. In light of mounting difficulties stemming from hurdles from financial authorities worldwide. The biggest cryptocurrency exchange in the world, Binance, has withdrawn its license registration in Austria. Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license from the Austrian Financial Market Authority (FMA), according to those in the know. After facing increased regulatory obstacles in Europe and a lawsuit from the US Securities and Exchange Commission (SEC), cryptocurrency exchange Binance has continued to withdraw its license applications in many European nations. The only countries where Binance is legally able to operate are France, Italy, Spain, Poland, Sweden, and Lithuania. Compliance With Forthcoming MiCA Law According to Finance Forward, Binance Austria GmbH has revoked its license as a virtual asset service provider from the Austrian Financial Market Authority (FMA). A Binance representative stated: Moreover, Binance had recently canceled its VASP registration in the United Kingdom, the Netherlands, Belgium, and Cyprus. The cryptocurrency trading platform is making efforts to maintain complete compliance with the forthcoming MiCA law. It will act as a passport allowing crypto businesses to lawfully operate in any EU member state. This would be with only one license. Binance, however, sees the United Arab Emirates as a strategic base and plans to grow its services there. In a previous post, Binance CEO “CZ” praised the Emirate for its “clear crypto regulations” and “friendly approach” to the crypto business. Highlighted Crypto News Today: Binance Witnesses Significant Drop in Market Share, Reaching One-Year Low

Shiba Inu lead developer updates profile picture, hinting at potential changes. Shytoshi Kusama’s new avatar picture sparks speculation in Shiba Inu community. A possible sign of Shibarium mainnet launch as Shiba Inu developer alters profile picture. The lead developer of Shiba Inu, who goes by the pseudonym Shytoshi Kusama, has updated his avatar picture on the official “Shibarium Tech” channel on Telegram. This change was observed by Lucie, a content marketing specialist within the SHIB team. Shytoshi Kusama, known for his philosophical style of communication, often leaves his followers speculating about the underlying meaning behind his actions. He typically alters his social media statuses to indicate significant milestones or upcoming changes. In this instance, he has chosen a new profile picture for his Telegram account, featuring a Shiba Inu silhouette amidst blossoming Sakura trees. The image has an artistic aesthetic reminiscent of NFTs or classic PC games. Given the recent statements from Shytoshi, Lucie, and some SHIB developers, it is reasonable to speculate that the launch of the Shibarium mainnet may be drawing closer, which could explain the updated profile picture. Tentative release dates of July, August, and September have been mentioned. Notably, July is only a few days away. Shiba Inu’s Kusama slams haters The Shiba Inu community on Twitter has been engaged in conversations regarding a message shared by Shytoshi Kusama, addressing individuals who have expressed negativity towards himself, SHIB, and Shibarium. A screenshot of this Telegram message has gained traction on Twitter recently. In the message, Shytoshi responded to the recent wave of hate and criticism surrounding the delays in the release of Shibarium. He expressed that “every single fudder will be utterly rekt,” using strong language that may have invoked fear among those targeted by this statement.

ZUG, Switzerland–(BUSINESS WIRE)–Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated its fourteenth core protocol upgrade: Nairobi. The Nairobi upgrade will make it faster and easier to run applications on the Tezos blockchain by introducing several updates and improvements to the Tezos protocol. These include enhancements to Smart Rollups, Tezos’ industry leading scaling solution. Smart Rollups can now be upgraded in sync with the protocol, using Tezos’ pioneering on-chain governance. Smart Rollups give developers a more reliable, secure, and decentralized scaling solution than any other blockchain solution. In addition, the upgrade resulted in an eightfold increase in transactions per second (TPS) while decreasing the cost per transaction. “The Nairobi upgrade demonstrates once again the strength of the Tezos community, and further establishes Tezos’ lead in scaling,” said Arthur Breitman, co-founder of Tezos. “Serious applications require serious technology, and Tezos’ resiliency, adaptability, and substance stands in contrast to loose industry standards.” 8X TPS increase with enhanced gas model Powering even more transactions with tailored costs for different cryptographic curves The Nairobi upgrade will enable up to 8x more operations to be completed per second while decreasing the cost per transaction for most operations. In contrast to the previous flat-rate, one-size-fits-all model for gas costs for signature verification, the new model is fairer to the users, making authentication costs fit better with computational resources required. Reach consensus quicker Swift pre-attestation propagation The Nairobi upgrade speeds up the whole chain by fine tuning the consensus mechanism, allowing for reliable operations at lower latencies. The upgrade also contributes to keeping hardware requirements low for participating in consensus, which benefits decentralization while simultaneously increasing consensus rewards for Tezos “bakers”. Upgrade to Smart Rollups Seamless Layer 2 experience Nairobi enables Smart Rollups to evolve in sync with the Tezos layer 1 protocol. This allows Rollups to prepare for and instantly take advantage of the capabilities provided by future protocol upgrades. Smart Rollups on Tezos are enshrined in Layer 1 rather than deployed as smart contracts, making them more efficient, reliable, and decentralized than other Layer 2 solutions such as Arbitrum or Optimism. Evolution driven by the community As with every Tezos upgrade, Nairobi has been validated and approved by the community through the Tezos blockchain’s on-chain governance process. The activation of Nairobi marks the culmination of a months-long collaboration between developer teams and the broader Tezos community. Developers from Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori have contributed to this update, which unveils a new era of scalability and opens the door for exciting new applications to be deployed on the Tezos blockchain. About TEZOS Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof-of-Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com. About the TEZOS FOUNDATION The Tezos Foundation is a Swiss non-profit foundation that supports the development and long-term success of the Tezos protocol, an energy-efficient blockchain with the ability to evolve by upgrading itself. For more information, please visit www.tezos.foundation. Contacts Randall Woods [email protected]

HSBC is the first Hong Kong bank to provide crypto-derivative products to its clients. Large financial institutions are still wary of working with the crypto industry in Hong Kong. HSBC, Hong Kong’s biggest bank, is now facilitating the purchase and sale of Bitcoin ETFs listed on the Hong Kong Stock Exchange. Cryptocurrency exchange-traded funds (ETFs) such as CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF are all available on the Hong Kong stock market at the present time. HSBC is the first Hong Kong bank to provide crypto-derivative products to its clients. Colin Wu, a well-known crypto reporter, said that this “move will expand local users’ exposure to cryptocurrencies in Hong Kong.” According to Colin Wu: Push by Hong Kong Monetary Authority According to reports from earlier this month, authorities in Hong Kong have been putting pressure on financial institutions to collaborate with local crypto businesses. The Hong Kong Monetary Authority (HKMA) has questioned the reluctance of financial behemoths like HSBC and Standard Chartered to accept cryptocurrency customers. It seems, however, that the authorities have finally convinced the major financial institutions to accommodate crypto consumers. The HKMA advised financial institutions to do due research on cryptocurrency firms without unduly restricting their operations, particularly those setting up business in the area to investigate potential growth avenues. There is no outright prohibition of cryptocurrencies, but large financial institutions are still wary of working with the crypto industry owing to the risk of legal repercussions stemming from customers’ use of cryptocurrencies for criminal purposes like money laundering. Highlighted Crypto News Today: Crypto Exchange Binance Withdraws License Registration in Austria

DeFi investment opportunities are looking a little more palatable today with the news that Soil, creator of a real-world asset-backed loan marketplace, has achieved full compliance with local regulators in its home base of Estonia. Soil is the creator of a unique debt marketplace where traditional companies can seek funding from stablecoin investors by putting up tokenized collateral such as debt. Crypto investors can search for opportunities in Soil’s marketplace to lend their assets to these companies and earn yield. Soil believes there’s a big opportunity for this kind of marketplace among startups that have a solid business plan but cannot obtain financing through traditional means. Venture capital is difficult to obtain, and bank-based financing can be extremely inflexible, meaning there’s big demand for alternative forms of financing. Soil has built its debt marketplace protocol atop of the Polygon blockchain, and offers businesses various funding options, with highly competitive rates and loan durations. Soil’s role is to match borrowers with lenders, and takes a small fee from the connections it facilitates. Soil said today it has received confirmation from Estonia’s local financial markets regulator that its planned operations are fully compliant with local rules and regulations. It’s a big milestone for the company, which can now claim that regulators have validated the assumptions of its business model. According to the company, it is also positioning itself for full compliance with Europe’s new MiCA regulation, which was adopted earlier this year and sets out rules on transparency and disclosure requirements for crypto asset firms. The MiCA rules govern the authorization and supervision of crypto asset service providers and issues, the operation, organization and governance of issuers of asset-referenced tokens, consumer protections and measures to prevent market abuse. Backed by its innovative business model and solid legal support, Soil believes it is well placed to inspire investor confidence in alternative financial markets based on DeFi. However, its CEO Jakub Bojan stressed that this is just the start, as the company will continue to work on promoting transparency and investor safety. “We hired several teams of lawyers from different countries and waited long weeks to receive official confirmation from the local regulator that the activities planned on our Soil Platform are legal”, Bojan said.

The Preferred Shares private offering is designed specifically for Registered Investment Advisors and Family Offices who are seeking exposure for their clients to a differentiated alternative asset class. PORTSMOUTH, N.H.–(BUSINESS WIRE)–American Elm Distribution Partners, LLC (“American Elm”) has been engaged by Ascendant Capital (“Ascendant”), a Cayman based company, to distribute a new round of Preferred Shares designed to further expand Ascendant’s reinsurance business and its unique investment diversification strategy amongst investors. Ascendant Capital reinsures MYGA and FIA annuity policies issued by U.S. insurance companies. Reinsurance companies have gained prominence over the last two decades for the role they play in the insurance industry. By assuming a portion of the policies to reduce exposure to the insurance company, they are supporting growth, mitigating risk, and providing stability. “American Elm is excited for the opportunity to distribute preferred shares in a reinsurance company whose unique investment strategy can be a great diversification tool for investment allocators,” commented Carmine Cozelino, President of American Elm Distribution Partners, LLC. “We are delighted to be working with American Elm during this exciting stage of our growth. We believe this environment presents attractive opportunities to expand Ascendant’s footprint and continue to build on our track record,” commented Erik Fell, Chief Executive Officer of Ascendant Capital. About Ascendant Capital Ascendant Capital operates an annuity reinsurance business that is domiciled in the Cayman Islands and serves primary insurers in the United States. Ascendant reinsures multi-year guaranteed annuities (“MYGA”) and individual fixed index annuity (“FIA”) policies, sold in the United States. Ascendant’s investment strategy combines the benefits of traditional fixed income assets with measured exposure to digital assets and companies providing services or infrastructure to the blockchain industry. About American Elm American Elm Distribution Partners is a managing broker-dealer and multi-product platform raising capital in the retail marketplace. American Elm’s mission is to create and distribute innovative alternative investments with the goal of providing more diversified investment solutions. American Elm Advisors, an affiliated company, offers compliance and distribution consulting services to insurance companies, broker-dealers, and registered investment advisors. Contacts For additional information: Carmine Cozelino Email: [email protected]