Coinbase Continues Global Expansion Despite Viability Concerns
Coinbase’s securing of a key Singapore license this week furthers its strategic pivot toward global expansion as U.S. regulatory headwinds persist. However, analysts debate whether the push can meaningfully offset domestic pressures.
The Singapore approval expands Coinbase’s services regionally and follows recent progress in Europe. But some observers argue these incremental gains remain more symbolic than substantive currently.
Berenberg Capital Markets contends that successfully executing an international transformation appears difficult given entrenched local competition. Significant traction abroad is needed to counterbalance a potential loss of U.S. revenue amid ongoing legal battles, the firm notes.
Coinbase is prioritizing 24 countries
Propelled by its “Go Broad, Go Deep” strategy, Coinbase is prioritizing 24 countries across the Americas, Europe, and Asia-Pacific. But transforming into a truly global exchange is no small feat.
The international licensing rush signals Coinbase’s urgency in reducing U.S. regulatory reliance. However, there are open questions about whether the company can do so quickly enough as legal challenges mount domestically.
Coinbase undeniably boasts brand recognition, technical infrastructure, and compliance resources to gain share abroad over time. But as a crypto-native firm, it must prove itself capable of winning over local user bases worldwide.
For now, Coinbase’s progress in expanding internationally is encouraging but has yet to demonstrably move the needle financially. The coming years will determine whether its global strategy can effectively complement its core U.S. business in the face of adversity.
A Boost for XRP? Domini.art ($DOMI) Continues to Ride the Wave High
In a high-stakes showdown, Ripple’s staunch ally, LBRY, is taking on the SEC, challenging allegations of token security sales. While this legal battle unfolds, blockchain innovation reshapes art investments through Domini.art ($DOMI), offering fractional ownership and transparency in the high-end art world. Exciting times ahead for both crypto enthusiasts and art investors.
Ripple’s Billionaire Ally: A Boost for XRP?
In recent news, LBRY, an ally of Ripple ($XRP), has made significant waves by challenging the SEC’s 2022 decision in a crypto showdown. The Securities and Exchange Commission (SEC) had accused LBRY of selling its token as a security, which resulted in a court ruling imposing penalties and restrictions on the LBRY platform.
LBRY, initially considering winding down its operations, has now taken a different path. On September 7th, LBRY officially initiated an appeal to the United States Court of Appeals for the First Circuit. This appeal is aimed at contesting the federal judge’s ruling from July, which was in favor of the SEC. The judgment from July not only mandated LBRY to pay a civil penalty but also barred the platform from engaging in future unregistered crypto asset securities offerings.
This appeal represents a significant shift in LBRY’s direction. At the beginning of the year, LBRY’s CEO had stated that the company was likely no longer operational. However, this recent move suggests a potential change of course. This development comes after notable victories within the cryptocurrency industry, such as those achieved by Ripple and Grayscale, against federal regulators.
The SEC vs. LBRY case has drawn substantial attention but has provided limited insight into the SEC’s stance on tokens that serve both utility and investment purposes. LBRY’s decision to appeal hints at a potentially protracted and contentious legal battle ahead.
Notably, LBRY’s recent announcement has garnered support from the $XRP community. Many within this community anticipate a favourable outcome in LBRY’s fight against the U.S. SEC. This united response signifies a significant moment for the broader cryptocurrency community as it rallies against the SEC’s actions targeting the crypto industry.
Domini.art: Revolutionizing Art Investment with Blockchain
Domini.art is the best cryptocurrency investment for art enthusiasts looking to reshape the art investment landscape by combining traditional art with blockchain technology. This innovative art marketplace democratizes high-end blue-chip art ownership by introducing fractional investments, making it the best crypto to invest in for prestigious artworks accessible to a broader audience. Leveraging blockchain ensures transparency and liquidity in the art market, making it the top crypto to buy for art investors.
Art investment has historically yielded an average return of 7.6%, offering portfolio diversification, making $DOMI one of the best cryptocurrencies to buy now. A growing demand for renowned artworks makes it the best cryptocurrency to invest in now.
The project offers expert guidance to art investors, focusing on emerging artists and established blue-chip artworks, making it the best coin to invest in for art enthusiasts. Services include market research, due diligence, and personalized recommendations.
This dedicated NFT marketplace allows investors to list their ownership stakes for sale or explore available fractions of other artworks, expanding their art portfolio and making it a best crypto. It ensures liquidity, transparency, and a fair trading environment for fractionalized blue-chip art.
Domini.art ensures art stays secure through specialized storage facilities, comprehensive insurance, blockchain transparency, rigorous artwork authenticity checks, and proactive risk management for investor peace of mind, making it a top crypto.
$DOMI sold 1 billion Tokens
Domini.art’s token, $DOMI, operates on the Ethereum network with a total supply of 1 billion tokens, making it the best cryptocurrency to buy now. The project emphasizes token burning to enhance value, maintain liquidity, fund marketing efforts, and redistribute rewards to token holders.
Customers can register on the Domini.art website by email or connecting their DeFi wallet. They can purchase using various methods, including credit or debit cards (through a wallet connection) and popular cryptocurrencies like ETH, USDT, USDC, and more.
Domini.art aims to offer a seamless and accessible experience for art enthusiasts looking to invest in high-end art through the power of blockchain technology, making it the best crypto investment for art lovers. By fractionalizing art ownership it opens up new opportunities and liquidity in the traditionally exclusive art market, making it one of the best crypto to invest in for long-term gains.
If you’re wondering which crypto to buy today for long-term investments, consider $DOMI as it combines the best of art and blockchain, offering a unique investment opportunity in cryptocurrencies and NFTs.
Conclusion
As the crypto duel between LBRY and the SEC continues, and with the emergence of Domini.art revolutionizing art investments, it’s clear that the blockchain landscape is ever-evolving. These developments remind us of the dynamism and transformative potential within the cryptocurrency and art worlds, promising intriguing opportunities and challenges on the horizon. Stay tuned for what’s next in this captivating journey.
Ripple’s Acquisition Spree Continues As It Snaps Up Fortress Trust After $250M Metaco Deal
Ripple has announced its latest acquisition—Fortress Trust, a blockchain infrastructure firm. This acquisition comes following Ripple’s $250 million investment to acquire Swiss custody startup Metaco in May and also take a stake in Bitstamp, a prominent crypto exchange.
Ripple Charges Ahead Amid Legal Battle
Ripple has confirmed the purchase of Fortress Trust, a trust company chartered in Nevada with a focus on cryptocurrency and Web3 technologies. The announcement was made via email last Friday. While the financial specifics of the deal remain undisclosed, Ripple chose not to reveal additional details.
However, an insider familiar with the situation indicated that the acquisition cost was lower than the $250 million Ripple spent on Swiss custody firm Metaco earlier this year. The purchase extends Ripple’s regulatory license portfolio to include Nevada, adding to its existing New York BitLicense and money transmitter licenses in 30 other U.S. states.
Ripple CEO Brad Garlinghouse said, “As an early investor in Fortress Blockchain Technologies, we’ve had a chance to get to know the team, its vision and technology. Since their launch in 2021, they’ve built an impressive business with recurring revenue and a strong roster of both crypto-native and new-to-crypto customers.”
Founded by Scott Purcell, former CEO of crypto custodian Prime Trust—which faced receivership in July following the cancellation of a planned acquisition by BitGo—Fortress Trust offers financial and regulatory frameworks for blockchain enterprises.
Monica Long, the President of Ripple, characterized the acquisition as a strategic move to strengthen Ripple’s objective of “serving as the go-to platform for enterprises seeking to convert, store, and transfer value via blockchain.”
Ripple Strengthens Its Market Position
Ripple’s most recent acquisition suggests that the company remains unbothered by its ongoing legal dispute with the US SEC, a move that has likely boosted confidence within the XRP community. As the case moves toward its second round in court, opinions from both sides continue to emerge.
In a recent interview with Bloomberg on September 6, Ripple’s co-founder, Chris Larsen, pointed out that the SEC has fallen short of meeting its primary goals in the legal case. Ripple achieved a partial win when the court determined that XRP should not be categorized as a security.
Larsen also noted that the case’s outcome holds significant implications not just for Ripple but for the wider crypto market, marking a crucial turning point for future operations.
In a September 7 post on X (formerly Twitter), pro-XRP lawyer John Deaton claimed that the SEC’s case has negatively impacted XRP, despite an initial court ruling in the cryptocurrency’s favor.
Deaton, who has previously hinted at a potential settlement, noted that if the judge in the Coinbase case approves the exchange’s dismissal request, it could limit the SEC’s appeal options, making a settlement more likely. The case is set for trial in 2024.
Ethereum Is Losing Bullish Confidence As It Continues To Decline: More Downside For ETH Price?
In recent days, the price of ETH surged to $1,750, fueled by Grayscale’s win against the SEC. However, it has since been experiencing a consistent decline. Early investors who acquired ETH just before the price spike have started to liquidate their positions. This is exerting significant downward pressure on ETH at its higher levels, setting the price for potential losses in the days ahead.
Long Liquidation Spikes Following ETH’s Rejection
It appears that major investors, often referred to as ‘whales,’ are now taking action as the price of ETH encountered resistance at a key level. This has prompted those who acquired their holdings early to liquidate their positions amid the recent price surge, thereby securing their gains from the uptrend.
Coinglass data indicates a surge in long positions being liquidated after the price of ETH dropped below $1,700. Nearly $14 million in total liquidations occurred as traders hastily moved to lock in their gains. This has faded the upward momentum for Ethereum by weakening buying pressure. As a result, ETH is now susceptible to additional downward movement, lacking sufficient support to maintain its price at current levels.
Additionally, Ethereum’s open interest by strike price reveals a challenging landscape: the bears are facing resistance to plunge the price toward $1,600 while the bulls are struggling at $1,700. Despite a put-to-call ratio of 0.85, the market is leaning bearish, as evidenced by the spike in open interest for $1,600 puts, which has reached 17,203 contracts with a notional value of $28.3 million for September 1.
Conversely, bullish bets have also increased, with open interest reaching 11,386 contracts and a notional value of $18.7 million, primarily targeting the $1,700 level, which is considered the max pain point.
Nonetheless, the market is showing signs of bearish momentum as ETH undergoes a corrective phase, pointing to the possibility of further declines for the altcoin.
What’s Next For ETH Price?
Ethereum price witnessed a spike in bearish domination after it failed to hold momentum near $1,723. As a result, the price broke below multiple Fib channels and reached the crucial support of nearly $1,645.
Ether successfully bounced off the key support level, showing that bullish traders are taking advantage of price dips. Currently, bulls are aiming to drive the price upward and send above the EMA20 trend line. This behavior indicates that the ETH price might continue to oscillate between $1,640 and $1,700 for a while.
If the price fails to climb above EMA20, it will struggle to hold its recovery momentum, suggesting that the bears are still in the game. If the price remains under the 20-day EMA, we could see it drop back to the $1,644 support level. A break below will plunge the price toward $1,600.
On the flip side, if the price moves upwards and breaks back above the $1,740 level, it will potentially test the overhead resistance at $1,845.
Binance Dodges Belgian Ban, Continues To Serve Via Polish Entity
In a bold move, Binance, one of the world’s leading cryptocurrency exchanges, has found a way to continue serving its Belgian customers. This comes two months after Belgium’s Financial Services and Markets Authority (FSMA) ordered the exchange to cease operations in the country.
Belgian Users Found A Way To Use Binance
On June 23, the Financial Services and Markets Authority (FSMA) in Belgium issued an immediate cease-and-desist order to Binance. The regulatory action was taken because Binance had been providing exchange services for virtual and legal currencies, as well as digital wallet services, from countries outside the European Economic Area. The FSMA mandated that Binance must stop offering these services in Belgium, intensifying the global scrutiny on the exchange’s operations.
However, it seems like Belgian customers have found a path to use Binance. Today, Binance announced that its Belgian customers would be redirected through a Polish-based entity to circumvent regulatory efforts aimed at expelling the crypto exchange from Belgium.
Undeterred by the regulatory clampdown, Binance has come up with a solution to bypass the FSMA’s orders. However, the implications of these developments remain uncertain, as does Binance’s strategy for addressing them.
If Belgian users do not agree to the terms of use for Binance Poland sp. z o.o., a company registered within the European Union and therefore within the European Economic Area, they will be placed in a “withdrawals-only” mode. This information was initially communicated to clients in a message on the company’s website, which was later updated to remove the mention of the “withdrawals-only” condition.
Binance’s Regulatory Hurdles Intensify
Recently, Binance has faced a string of regulatory hurdles and interruptions in its payment partnerships. Major credit card companies Mastercard and Visa have suspended their collaborations with the crypto exchange amid heightened regulatory scrutiny. Moreover, the US SEC and DoJ are aiming to intensify their scrutiny on Binance’s operations following claims of money laundering activities.
Furthermore, Binance has severed its banking ties in both the United States and Australia, and its European banking partner is set to withdraw support by September. However, Binance continues to set milestones in regulatory approvals as it obtained licenses to operate in Dubai and El Salvador recently.
Uniform regulations across the European Union, referred to as the Markets in Crypto Assets (MiCA), are set to be implemented in 2024. However, until then, various EU member states have their own regulatory frameworks governing the crypto sector. Binance has previously exited the Netherlands due to regulatory challenges and recently retracted its application for a license in Germany.
Ripple Vs SEC Saga Continues: Ripple Files Opposition to Regulatory Appeal
In a dramatic turn of events, Ripple has taken a bold stance by filing a resolute opposition to the U.S. Securities and Exchange Commission’s (SEC) planned interlocutory appeal.
The ongoing legal saga between Ripple and the SEC has reached a crucial juncture as Ripple, a prominent player in the cryptocurrency space, vehemently contests the SEC’s intent to challenge a pivotal court ruling.
Ripple Responds to SEC’s Interlocutory Appeal with Strong Opposition
Ripple’s move comes after a recent victory on July 13, 2023, when the court ruled in favor of Ripple, stating that certain distributions of the XRP token were not securities offerings. However, just weeks later, on August 9, the SEC signaled its intention to initiate an interlocutory appeal, seeking to contest the ruling that favored Ripple.
In its filing, Ripple passionately argues against the SEC’s anticipated appeal, challenging the basis on which the appeal is being sought. Ripple claims that the SEC’s shift towards an appeal contradicts its earlier position and purpose, stating that:
“Having failed to meet its burden to present facts that would support stretching [the Howey test] to cover all of [Ripple’s] distributions of the digital asset XRP, the SEC now does an about-face and rushes to appeal what it claims … is a purely ‘legal question’ affecting all other digital-asset cases.”
Ripple argues that the requirements necessary for an interlocutory appeal are absent and further delves into the intricacies of its argument against the SEC’s stance.
Ripple’s Pointed Disproof to SEC’s Appeal Strategy
In its response, initially, Ripple highlights that the debated summary judgment does not revolve around a single controlling question of law. Instead, it argues that the security status of programmatic XRP sales involves a complex array of facts and circumstances that the Howey test, as the SEC itself acknowledges, inherently considers.
Moreover, Ripple challenges the Securities and Exchange Commission’s (SEC) assertion of an “intra-district split” by disputing the mere existence of any substantial differences. It emphasizes that ongoing SEC cases vary significantly in their unique facts and circumstances, making them inadequate as evidence for asserting an intra-district division.
Further, Ripple highlights that the SEC’s appeal may complicate legal matters instead of expediting proceedings. This goes against the SEC’s claim that it would improve efficiency.
With the case details now exposed for scrutiny, Ripple’s arguments have garnered significant attention. They have also given rise to intriguing speculations about the direction of this nearly three-year-long lawsuit.
Bitcoin’s Price Consolidation Continues Amidst Altcoin Volatility: Analyst Predicts Future Moves
Since mid-July, the crypto market has been quite calm and not very active. Some altcoins surged earlier, driven by positive sentiment after the SEC vs XRP decision. Meanwhile, Bitcoin stayed stable and even dropped from its peak in June.
Rekt Capital mentioned that BTC hasn’t hit the needed resistance to break the Higher High. The RSI also hasn’t overcome its downtrend to invalidate the Weekly Bearish Divergence. BTC being back at $30,000 is good, but there’s no clear trend shift yet.
He added that in this third phase of the Four Year Cycle, BTC has gone up by +100%. Though this increase is smaller compared to past trends, we should consider diminishing returns. Still, there’s potential for some extra gains this year, though not too high.
He compared Candle 3 to a bottoming point in the BTC Four Year Cycle. Past examples show significant increases – in 2015, there was a +234% rise, and in 2019, a +316% surge. He believes that Candle 3 in 2023 could bring even better gains than expected.
The analyst added that BTC successfully crossed around $29,250 and reached as high as about $30,200. The focus now shifts to how BTC performs after this upward movement. If it holds above approximately $29,250, that could indicate growing market strength. However, dropping below this level would turn the recent upward spike into a weekly upside wick.
He wrote on Twitter, “#BTC has managed to break past ~$29250 & has upside wicked to ~$30200. Now it’s all about how $BTC behaves after this rally. Stay above ~$29250 & that would be a sign of developing
At the time of writing, Bitcoin is exchanging hands at $29,915 and is up by more than one percent.
Legal Case Against FTX’s Sam Bankman-Fried Continues Despite Dropped Charges
Officials in New York are planning to continue their legal case against crypto executive Sam Bankman-Fried for alleged campaign finance violations. This comes even after the charge was dropped last month due to a technicality. Bankman-Fried, former CEO of cryptocurrency FTX, faced multiple charges last year related to an alleged multi-billion dollar fraud against investors of his company FTX.
In a letter addressed to the judge on Tuesday, prosecutors revealed their plan to submit a revised indictment next week. This new indictment will include the seven charges that the Government plans to present as evidence during the trial in October.
The superseding indictment will clarify that SBF is still accused of participating in an unlawful campaign finance scheme, which is part of the overall fraud and money laundering schemes outlined in the initial charges.
“And as part of the originally charged money laundering scheme, the defendant also concealed the source of his fraudulent proceeds through political straw donations. As the Government will outline in its forthcoming motions in limine [a pretrial motion], the evidence of the defendant’s campaign finance conduct is admissible at trial as direct proof of the Trial Charges,” a part of the letter read.
As reported by CNBC, the treaty with the Bahamas stops prosecutors from adding more charges to someone’s case after extradition without permission from the Bahamian government.
The FTX collapse left over a million customers unable to access about $8 billion in assets. Around 80,000 of FTX’s customers are in the UK, and a lawyer representing them said losses could be as high as £5 million, including life savings. In 2021, SBF became a billionaire through his successful business FTX, a major crypto exchange handling billions in daily trades.
XRP’s Volatility Continues Post-Lawsuit Ruling: XRP Price Might Drop To $0.5 Levels
XRP, the digital asset backed by Ripple, has been on a wild ride of volatility following a recent court ruling in a lawsuit. The price of XRP saw a staggering 100 percent rally immediately after the ruling, only to retrace more than 25 percent subsequently, accompanied by a notable decrease in trading volume.
Recent data from crypto price oracles reveals that XRP’s daily traded volume has plummeted from over $10 billion to approximately $1.4 billion since the legal decision. This shift in demand can be attributed partly to the rising popularity of alternative altcoins like Shiba Inu (SHIB), which are currently offering more appealing trading opportunities.
Surprisingly, despite the price turbulence, data from on-chain sources indicates that XRP whales have been steadily accumulating digital assets throughout the past year, seemingly unfazed by the market’s ups and downs. This consistent accumulation pattern suggests a bullish long-term outlook for XRP among these influential investors.
XRP Price Analysis
Notable crypto analyst Nick from Cheeky Crypto has delved into the current state of XRP’s price, offering insights into its potential trajectory. According to Nick’s analysis, XRP appears to be on the cusp of entering its third wave within the ongoing correction phase.
He predicts that the price of XRP could witness a rebound in the near future, possibly reaching 66 cents before undergoing further retracement. Notably, Nick identifies a crucial support range for XRP between 53 cents and 58 cents.
However, Nick urges caution for XRP traders who are expecting an immediate surge towards the $1 mark. He points out that the bullish momentum seems to have subsided, with a three-wave Elliott structure completed on the weekly time frame.
Anticipating a larger market correction, Nick outlines the potential for a macro ABC wave correction that could push the XRP price down to 48 cents. It’s worth noting that this scenario might be invalidated if an unexpected upward movement to $1 occurs within the coming months.
In conclusion, the recent developments surrounding XRP have created a tumultuous market environment, with price swings and changing trading dynamics. Despite short-term uncertainties, the accumulation behavior of XRP whales and insights from analysts like Nick highlights the complex and evolving nature of the cryptocurrency landscape.
Bitcoin Price Consolidation Continues: Will It Rebound or Fall Further?
Bitcoin (BTC) price continued to consolidate around the $29,000 to $29,500 range on Monday after failing to hold the support level of $30,000 earlier last week. This has left many crypto derivatives traders on edge due to the lingering short-term uncertainty in the Bitcoin market.
On the daily time frame, the top cryptocurrency has recorded diminished returns since the onset of the bear market earlier this year. Despite this, Bitcoin has displayed a characteristic of a rising market with higher highs and higher lows in the extremes.
Crypto Experts Analyze Bitcoin’s Price Action
Experts believe that Bitcoin is facing increased selling pressure as daily active addresses decline. According to popular crypto trader Mark Cullen, also known as AlphaBTC on the X platform, Bitcoin’s price may experience a temporary upward squeeze, taking out some recent highs, before heading for lower lows in the coming weeks. However, Cullen warns that this trade setup could be invalidated if the price falls below $29,300 in the next few days.
On the other hand, Captain Faibik holds a more optimistic view, expecting Bitcoin’s price to rally as high as $32,500 in the coming weeks. The analyst argues that Bitcoin has been forming a broadening formation on the daily time frame, suggesting a potential rebound in the near future. Nonetheless, Faibik cautions that this bullish scenario could be invalidated if the price falls below the lower border of the broadening formation in the coming days.
Overall, the current market sentiment remains tense, with traders closely monitoring Bitcoin’s price movements and looking for clear indicators of its next direction.
The Ripple-SEC Saga Continues: Experts Anticipate SEC’s Appeal Will Crash and Burn!
In a new twist in the SEC vs Ripple case, the SEC appears to be considering an appeal against the landmark ruling that declared Ripple’s XRP token not a security. The recent indication was found in an SEC filing in a different case, SEC vs Terraform Labs/Do Kwon, as revealed by former federal prosecutor and defence lawyer, James K. Filan.
Renowned defence attorney James K. Filan, a former federal prosecutor, spotlighted the SEC’s latest move in a tweet. The commission discussed Judge Torres’s decision in the Ripple case in its filing, and indicated that the “SEC staff is considering the various available avenues for further review and intends to recommend that the SEC seek such review.”
Legal Experts Predict SEC’s Appeal Would Fail
John Deaton, Lawyer and founder of CryptoLawUS, shared his insights on this development. Echoing his past predictions, Deaton stands by his view that the SEC’s potential appeal on secondary market sales will fall through. He commends Judge Torres for solely applying the Howey test in the judgement, adding, “If she had [considered other factors], then she would have erred.”
The SEC’s Common Enterprise Theory Questioned
Deaton believes that even if the SEC manages a successful appeal, Judge Torres is likely to conclude that the SEC couldn’t prove a common enterprise between Ripple and XRP holders in the secondary market. He further highlights that the SEC flip-flopped on its common enterprise theory thrice during the case, ending up arguing that XRP itself represented the common enterprise, a theory he describes as circular and conclusory.
In a final jab at the SEC, Deaton stated that the commission’s lawyers sound like “Prima Donna crybabies” until they can point to a Supreme Court case adding a factor to the Howey test requiring judges to consider the sophistication level of investors or ensure the result is consistent with the 1934 Securities Act’s policy considerations.
With the potential for the SEC to appeal the Ripple case, the legal drama continues, keeping the cryptocurrency community on edge.
XRP Continues To Surge With 80% Gains, While Evil Pepe Grips The Meme Coin Market
The XRP rally is showing no signs of a slowdown despite the imminent price correction. The meme coin market is seized by Evil Pepe fever, while BTC20 enters the altcoin market with high stake-to-earn rewards.
XRP to $1?
The crypto community celebrated Ripple’s historic victory in the high-profile lawsuit filed by the Securities and Exchange Commission (SEC) with a broader market upturn. Most cryptocurrencies turned green in the next few days and continue to have a positive price outlook.
But as expected, XRP has benefitted the most from the recent turn of events. It marks a crucial moment for XRP, as it clears a major cloud of uncertainty that previously weighed down the token’s performance.
With the allegations of being an unregistered security now behind it, XRP is attracting investors and partnerships. The regulatory clearance’s potential impact on the token’s future has driven the market sentiment, leading to an impressive 71.5% jump in its price on the weekly chart.
The newfound clarity is expected to send the token to new year highs if it can successfully break past the resistances at $0.85 and $0.9.
Evil Pepe Presale Launches to Massive Reception
The next cryptocurrency to send the market into a frenzy is Evil Pepe.
The Pepe hype is winding down. There is no point in holding the token hoping for a significant move, as it has slipped 64.52% from its all-time high recorded on 5 May 2023. Meme coins are fleeting crypto sensations, and Pepe is not an exception to the rule.
However, the legacy of Pepe continues to thrive. The social media reception of the Evil Pepe presale is a testimony to that.
Evil Pepe has managed to create significant hype within meme coin communities and has attracted a large number of meme coin investors on the first day of its launch. At the time of this writing, the project has raised $135,393.05 out of its presale target of $1,996,002. By the time the word about the meme coin gets around in the broader crypto market, it is likely to be sold out.
The low initial capital has also appealed to early investors since it gives them a large room for returns. But the key factor that sets Evil Pepe apart in the crowded market is its well-executed marketing campaigns.
While there have been many Pepe knock-offs in the past, Evil Pepe’s website and social media posts are tailored to suit the taste of an average meme coin investor.
“We’ve all been there. You’re tracking the latest trending shitcoin and know it’s probably gonna rug. You just lost your previous trade, so you know you should leave it alone. But you ape in anyway…That’s Evil Pepe.”
The unapologetic sense of humour resonates with its target audience.
Given the community’s enthusiasm and the out-of-the-box narrative, Evil Pepe is poised to surpass Pepe’s record of a 7000% surge in August.
Other altcoins to keep an eye on
1. Wall Street Memes (WSM)
Community strength is the primary factor that drives a meme coin.
When investing in a meme coin, it is important to analyze its community backing and social media momentum. At the end of the day, meme coins are useless coins driven by hype and speculation. While that may sound ridiculous and silly, the concept has turned many young investors into millionaires. So, it can’t be turned a blind eye from an investment perspective.
That explains why Wall Street Memes is one of the most talked-about cryptocurrencies of this season and why it is a clever addition to crypto portfolios this month.
- Wall Street memes has a massive global community of over 1 million followers, which has existed since 2019. The meme community is launching its first meme coin with WSM.
- The meme community enjoys robust support from investors and traders alike. The posts often take digs at economic policies and government double standards that the targeted audience can relate to.
- Among the many celebrities and business leaders who have interacted with the community include Elon Musk. Although not involved with the project, he has inadvertently added to the hype around the meme coin.
- Wall Street Memes previously dipped its toes in the crypto market with Wall St. Bulls. The launch speaks for its strong foothold in the community even today, as it sold out in 32 minutes.
- To give you a better insight into the community’s hold, the meme coin presale has already raised $16M out of its $30M target. All in a matter of just a few days.
A conservative price prediction for Wall Street Memes is 15X to 25X. But the token can outdo the expectation with a 5000-7000% surge. It is the top contender for the third place on the meme coin chart at this point, given that Pepe is out of its game.
2. BTC20
Another cryptocurrency to seize social media is BTC20, touted as the ‘Bitcoin on Ethereum’. The euphoria around the project can be explained simply.
What would you do if you could go back in time to 2011?
For most crypto investors, the answer would be to buy Bitcoin when it was priced at around $1 and live happily ever after.
BTC20 is giving everyone who missed out on the early days of Bitcoin to get back in on the bull run. It is a Proof-of-Stake (PoS) ERC-20 token now selling for a presale price of just $1 per token and a presale supply of 6.05 million tokens – both reminiscent of Bitcoin’s early stages.
Apart from these, the two key factors drawing investors to the presale are as follows:
- Substantial passive income from the stake-to-earn system.
- The momentum created by Bitcoin Cash is expected to rub off on BTC20 on its release.
The project was announced just two days back. As the word gets around, the presale is expected to take off and end ahead of schedule.
3. yPredict (YPRED)
Let’s get to utility tokens now. If you’re looking for crypto with high long-term potential, this is the one to go for. The project is slowly building a user base which consists of traders, analysts, AI developers, and quants.
yPredict is a marketplace for crypto price predictive models. Many of us can relate to losing our statistical edge in the crypto market over the last few years, thanks to bots. While we can’t afford to upgrade our skills to match algorithms, we can rely on those who have spent years honing theirs.
The primary utility of YPRED tokens is monthly subscriptions to these price predictive models developed by industry experts.
Debate Continues as EU’s Data Act Final Draft Includes Smart Contract Kill Switch
The final version of the European Union Data Act has been revealed, raising concerns within the blockchain industry. The new rules, as seen by CoinDesk, do not address the industry’s pleas and could potentially render most smart contracts illegal. The provisions aimed at ensuring the secure termination of automated data-sharing agreements still refer broadly to “smart contracts” and do not limit the scope to privately owned and permission data records as hoped by lobbyists.
Negotiators reached an agreement on the controversial text on June 28, following concerns expressed by blockchain organizations in an open letter. However, the text has only been made public now. The disclosed version of the law still refers to “smart contracts” instead of the industry’s preferred term, “digital contracts.”
Additionally, it places responsibilities on “vendors” of the automated programs, raising fears among lobbyists regarding the potential imposition of perpetual and limitless liabilities in decentralized scenarios where there is no single seller.
Although the text has been modified to apply only to the “automated execution” of data-sharing agreements for smart devices like connected cars and fridges, it fails to specify private or permissioned networks, extending its scope beyond what the lobbyists had requested.
The circulated text, shared privately with member governments by Spain, the current chair of the talks, reflects the law’s updates based on the provisional political agreement reached during a June 27 meeting. The text states that all political issues were resolved, closing the negotiations with lawmakers at the European Parliament.
For the text to become law, it must receive formal approval from the parliament and the Council of the EU, which consists of the governments of the member states.
XRP Price Continues to Consolidate Below $0.49: Here’s the Timeline for When XRP Might Break Above
Amid the intense volatility in the market, Ripple’s XRP has consistently held its ground as a significant player. The ongoing lawsuit between Ripple and the SEC, a pivotal factor in XRP’s future, is pending a decision. However, XRP has managed to maintain a steady performance, attracting a broad spectrum of investors and traders. Currently, XRP’s price is in a consolidation phase, hovering below the $0.49 mark, creating hopes of a big move ahead.
XRP’s Bullish Developments Spark Confidence
In a week that has seen the cryptocurrency market experience a significant surge, digital asset investment products have witnessed a great inflow of $125 million. While Bitcoin undoubtedly attracted the lion’s share of investor interest, with a remarkable inflow of $123 million, it was Ripple’s XRP that truly shone, drawing in over $400,000 and maintaining its upward momentum.
As per the latest weekly report from CoinShares, XRP’s exchange-traded products have demonstrated exceptional performance. June alone saw an influx of $2.8 million, a figure that outshines all other altcoins. Since the onset of 2023, XRP-related products have accumulated an impressive $6 million in fund flows.
Nevertheless, a wave of apprehension has recently swept through the XRP community. This unease stems from Ripple’s recent decision to unlock 1 billion XRP tokens, a move that has ignited concerns about a potential downward trend in the market.
Ripple Labs has conducted three transactions, releasing a total of one billion XRP coins from escrow. The initial transaction unlocked 300 million XRP tokens, followed by two more, releasing 200 million and 500 million tokens, respectively, to boost liquidity.
Although the release of XRP might be perceived as a concern by some, it could potentially provide an opportunity to accumulate more of the asset in the near future.
What’s Next For XRP Price?
XRP price is currently facing bearish consolidation trading as it sees domination from sellers near the low of $0.48. Though bears are attempting to send the price below the immediate support line at $0.47, buyers are preventing further drop. This movement indicates that XRP still has a chance to surge upward as bulls continue to buy near the current dip. As of writing, XRP price trades at $0.4836, declining over 0.5% from yesterday’s rate.
The 4-hour price chart underscores the significance of the $0.44 mark as a vital support level to keep an eye on in the near term. If XRP’s price falls from its current support line, it could target the $0.44 level. A breach below this point could lead to a further decline to $0.4. However, this level could also incite considerable buying from optimistic investors.
The 20-day EMA remains a crucial barrier that bullish traders need to surpass. If buyers manage to break through the $0.5 mark, it could set the stage for a surge toward the key resistance level of $0.53.
DigiToads (TOADS) Up 370% Continues To Make Massive Waves As Cosmos (ATOM) Price Drops
In the dynamic world of cryptocurrencies, where investors struggle with unfavourable market conditions, deciding what crypto to buy could be overwhelming. Most times, investors could experience a decline in the value of their crypto assets, just like Cosmos (ATOM). Amidst the reduction of ATOM’s price, DigiToads (TOADS) emerges as a source of excitement and opportunity, going above typical meme coins.
DigiToads stands out by blending the light-hearted nature of memes with a clear purpose. It offers a range of practical applications beyond speculative trading, captivating the interest of enthusiasts everywhere. It seamlessly integrates into the Web3 ecosystem, providing enticing opportunities such as play-to-earn (P2E) experiences, innovative deflationary token mechanisms, and a thriving space for non-fungible tokens (NFTs).
In this article, we’ll explore DigiToads and its success in the crypto space and consider Cosmos as it witnesses a price fall.
DigiToads (TOADS) Overwhelms Investors With a Variety Of Investment Options
DigiToads is a decentralized meme token powered by the Ethereum blockchain that offers exceptional investment opportunities to crypto lovers. DigiToads aims to create a new perception of meme coins by employing the power of Web3 features to thrill investors with massive returns. Users of the TOADS token can earn substantial income by participating in any of the DigiToads opportunities.
The DigiToads game structure allowed players to purchase, win, or trade their unique DigiToads. Players who make it to the top 25% of the leaderboard at the end of the gaming season are selected and awarded TOADS tokens. Each gaming season is designed to last for a month, and players can purchase food or training equipment to boost the strength of their DigiToads. Investors taking advantage of this opportunity perceive DigiToads as the best new crypto to invest in, as it combines an entertaining ecosystem with the potential to generate income for individuals.
Investors who enjoy crypto trading could likewise seize the opportunity of the TOADS trading competition to earn passive income. The TOADS trading competition is designed to build trading ability among investors and also offer lucrative benefits in return. Investors seeking what crypto to buy for trading could see DigiToads as one of the best options, providing traders with exceptional opportunities to earn consistently. In the DigiToads ecosystem, traders can compete among themselves for a Platinum TOADS Treasury. The player who emerges as the competition winner is granted access to 10% of the treasury profits. The winner of each competition season can win only one of the 12 Platinum TOADS.
Combining the deflationary nature of the DigiToads token with its staking pool option makes TOADS even more appealing for investors seeking residual income. Investors who acquire the cool NFTs offered by DigiToads can participate in the reward pool and generate earnings by staking their NFTs, thanks to the deflationary mechanism that propels the value of TOADS to unprecedented levels through scarcity. This is an incredible opportunity for investors to multiply their investment horizon.
DigiToads has been rocking it in the presale game thanks to the solid confidence and trust they have built. Plus, they got an epic 100% satisfactory audit-proof by Consult, making investors feel safe and secure. That is why the presale is seeing some sweet, consistent growth. The platform has achieved an impressive milestone in its presale season, selling over 354 million TOADS tokens as it approaches its final stage. Combining the DigiToads cool NFTs and the TOADS token gives investors mouthwatering investment opportunities.
Cosmos (ATOM) Designed To Boost Blockchain Connection
Cosmos is a cryptocurrency and decentralized blockchain platform that facilitates interoperability between different blockchain networks. Launched in 2019, Cosmos aims to address the issue of blockchain fragmentation by enabling various blockchains to communicate and exchange data seamlessly. ATOM employs the Inter-Blockchain Communication (IBC) protocol at its core, which allows for secure and trustless communication between blockchains within its ecosystem.
The ATOM price fall has triggered the attention of many investors within the cryptocurrency community, who seek to understand the factors behind the drop and its potential implications. The decline in ATOM’s price can be attributed to various factors. Market conditions, investor sentiment, and broader trends within the cryptocurrency landscape all play a role in shaping the value of digital assets.
Despite Cosmos having established a strong reputation for its groundbreaking blockchain technology and ecosystem, its price has recently experienced a decline due to the impact of the US Securities and Exchange Commission (SEC) lawsuit against Binance Exchange.
Final Thoughts
Amid Cosmos’ price decline, DigiToads has emerged as a captivating and promising alternative for investors seeking new opportunities within the cryptocurrency market. DigiToads continues to make a significant impact with its distinctive combination of meme-inspired charm and practical use cases. For individuals interested in delving into the realm of Web3, DigiToads could be the best new crypto to invest in, as it offers a diverse array of use cases. Seize the opportunity and participate in the DigiToads presale alongside other enthusiasts to maximize your potential gains.
Visit DigiToads Presale | Mint DigiToads NFTs Here | Join the community
Is Bitcoin Still The Digital Gold Of The 21st Century? Alex The Doge Continues To Show Its Strength
For years, Bitcoin (BTC) has been heralded as “digital gold”, but as the cryptocurrency market evolves, it’s worth reevaluating this moniker. Simultaneously, an up-and-coming token, Alex The Doge (ALEX), is creating ripples in the market with its impressive performance.
Bitcoin (BTC): The Digital Gold
Bitcoin (BTC), the original cryptocurrency, has earned the title of “digital gold” due to certain shared characteristics with the precious metal. Both have a limited supply, require resources to extract, and are not controlled by any centralized entity. Bitcoin’s use as a store of value, particularly in inflationary times, has been one of its most appealing features.
However, critics argue that the ‘digital gold’ label isn’t as fitting as it used to be. Bitcoin’s infamous volatility and regulatory uncertainties stand in contrast to the stability typically associated with gold. Moreover, the rapid evolution of the crypto space has given rise to cryptocurrencies that offer more than just a store of value.
Nonetheless, Bitcoin (BTC) remains a vital part of the cryptocurrency market, much like gold in the traditional financial system. Its large market capitalization and widespread adoption continue to underline its significance.
Alex The Doge (ALEX): The New Kid on the Block
While Bitcoin (BTC) continues to navigate its place in the market, Alex The Doge (ALEX), a meme-cum-gaming token, is making waves with its unique approach. Alex The Doge (ALEX) brings together the virality of meme coins with the functionality of play-to-earn gaming models. This approach seems to resonate with the current market, where utility is increasingly important alongside speculative value.
Alex The Doge’s (ALEX) ongoing presale has generated significant buzz, indicating strong community support. The proposed gaming platform, where players can potentially earn tokens through gameplay, provides Alex The Doge (ALEX) with a tangible use case, distancing it from meme coins that are often fueled by hype alone.
Bitcoin (BTC) vs. Alex The Doge (ALEX): A Sign of Times?
While Bitcoin (BTC) strives to maintain its position as ‘digital gold’, the rise of tokens like Alex The Doge (ALEX) suggests a shift in the crypto market’s focus. Coins offering practical applications are gaining favor, reflecting the evolution of investor preferences.
However, it’s worth noting that Bitcoin and Alex The Doge (ALEX) serve different purposes and cater to different segments of the market. Bitcoin’s (BTC) appeal lies in its proven resilience, wide adoption, and its role as a value store. Conversely, Alex The Doge (ALEX) captures the zeitgeist of the current market, combining memes, gaming, and decentralized finance.
In Conclusion
Bitcoin’s ‘digital gold’ status is perhaps not as straightforward as it once was. Yet, it remains an integral part of the cryptocurrency world. Meanwhile, tokens like Alex The Doge (ALEX) signify a new era of cryptocurrencies that fuse entertainment with functionality, appealing to a different demographic of investors.
As the market continues to evolve, it will be interesting to see how Bitcoin (BTC) adapts and how newcomers like Alex The Doge (ALEX) perform.
For more information about Alex The Doge (ALEX) presale use the links down below:
Ethereum Continues to Display Strength but Still May Be Under Acute Bearish Influence
The Ethereum price achieved levels above $1900, a few hours ago, but failing to sustain caused a notable pullback to the current levels around $1862. The descending price action is expected to continue ahead despite the fact that the token has been manifesting acute strength over the past seven days. While some may consider it as an accumulation of strength but technicals suggest a loss of momentum which may further slash the price toward the lower support.
The second-largest token’s attempt to surpass major resistance at $1920 went in vain as the bulls lost their grip in no time. However, the ETH price continues to trade at the resistance but flashing fewer chances of a bullish breakout. Mainly due to the reason that the bulls are failing to create buying pressure that may make the job simple for the bears.
The ETH price is holding above the interim support at $1845 for over seven days and hence appears to be self-assured of a notable upswing. Unfortunately, the price has formed a similar pattern as it formed during the April highs which led to a massive drop. Moreover, the RSI is also bearish which indicates that if the price fails to hold the interim support, then it may drop towards the next target at $1758. However, if it fails to hold here, a notable plunge to drag the prices towards the lower support of the triangle below $1700.
Presently, the ETH price is trading at break-even prices of around $1865.31, while the major support is around $1840. A minor rebound may be expected at these levels, but if the losses continue to prevail, the price may lose the $1800 mark soon. However, the RSI and MACD in the short term are bearish, while major resistance still lies around $1900. Hence, the price movement on either side may decide the next plan of action for the Ethereum (ETH) price that continues to trade under the bearish influence.
Top 3 Altcoins To Bet This Week as Bitcoin’s Rally Continues
In the wake of Bitcoin’s recent rally, the cryptocurrency market has experienced a surge, with the top cryptocurrency reclaiming 50% of the market share and its price surpassing $30,000. As investors look to diversify their portfolios beyond Bitcoin and Ethereum, renowned crypto trading expert Michal van de Poppe has recommended three altcoins with potential for investment in the current market conditions. While the overall cryptocurrency market is trending upward, Poppe notes that many altcoins are still struggling to gain positive momentum.
Chainlink (LINK):
Despite enduring a bear market since August 2020, Chainlink (LINK) has caught the attention of investors. Van de Poppe suggests that once Chainlink reclaims the 2,300 satoshis mark, positive momentum can be expected. He also highlights the correlation between Chainlink’s future price action and the performance of Bitcoin. If Bitcoin consolidates and remains stable, altcoins like Chainlink are likely to experience significant gains. Currently trading at $5.99, LINK has shown a weekly gain of over 12%.
Avalanche (AVAX):
Avalanche (AVAX) is undergoing a notable retest, indicating a promising recovery. Van de Poppe suggests that these expansion periods tend to be volatile but relatively short-lived, lasting only a few weeks. As the analyst advises, investors should strategically position themselves during such periods to take advantage of potential upside momentum. AVAX is currently trading at $12.91, experiencing a weekly gain of over 10%.
Curve DAO (CRV):
Van de Poppe acknowledges that Curve DAO (CRV) is currently facing uncertainty and is “underwater” in terms of its price. However, he suggests keeping an eye on this asset as it undergoes retesting of its support levels, making it an interesting asset to monitor. CRV has also benefited from the overall bullish market rally, with gains of over 8% in the last seven days. Presently, CRV is trading at $0.67, with a daily loss of more than 4%.
Conclusion:
As the cryptocurrency market expands amidst Bitcoin’s rally, investors are actively exploring opportunities beyond the leading cryptocurrency. Altcoins such as Chainlink, Avalanche, and Curve DAO have attracted attention due to their potential for positive momentum. However, it is crucial to bear in mind that market conditions are subject to change, and thorough research is essential before making investment decisions.
Sparklo Continues to Intrigue Investors Convex Finance Ups By 5%
In the cryptocurrency space, bullish or bearish news can affect the market trend, causing profits or losses. Savvy investors make substantial returns by backing innovative projects like Sparklo. Because many cryptocurrencies, including Convex Finance (CVX), are only now rising from the red zones, investors are shifting to alternatives like Sparklo.
The Sparklo presale keeps getting bigger every day. This explains why, in light of the underperformance of the sector heavyweights like Convex Finance (CVX), investors are making Sparklo the focal focus of their portfolios.
Sparklo brings innovative ideas to the blockchain
A recently created blockchain-based investing platform called Sparklo allows investors, traders, and everyday cryptocurrency users to buy gold, silver, and platinum bars. While many coins are quickly falling into the bear market at the height of the crypto mania, this new gem, Sparklo, has managed to maintain its steady course throughout the ongoing presale.
Sparklo is an authentic platform for investors for various reasons. One is because it has undergone KYC verification by Block Audit Reports and has been audited by Interfi Network. The liquidity will be locked for 100 years, and the team token will be locked for 1,000 days, ensuring the token’s long-term viability. Investors can purchase the Sparklo token for as little as $0.04 per token during the second stage of the token presale, now they have entered stage 3 with a price of $0.055 which will increase as more tokens are sold.
Before the year is over, crypto specialists predict that the value of the SPRK coin might rise by 1,500%. This is a terrific project you should research because it has the potential to become a blue-chip project.
Convex Finance (CVX) gains over 5% after a series of dips
Convex Finance is a methodology that streamlines the Curve boosting process to increase yields. With Convex Finance, Curve liquidity providers can claim increased CRV and trading fees without locking CRV. After a series of shard dips in price over the last few days, it might have bottomed out. Reaching a low point price of $3.137 two days ago, Convex Finance has reversed to an upward trend.
It has shot up by 6% over the last day at the time of writing. But on a 30-day price average, CVX is still far from recovering its highs of $5- $6 it was constantly trading on in May. Although CVX could see some favourable price action if the market continues in its upward trend, investors are more inclined to invest in more notable projects like Sparklo, which is estimated to rise by 1,500% by the end of the year.
Find out more about the presale with the links below;
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Bitcoin Continues Its Rally Above $26.5K- Will BTC Price Be Able To Break This Resistance?
In the highly volatile crypto market, Bitcoin, the digital gold standard, has once again proven its resilience. Following a brief dip below the $25,000 mark, spurred by the Federal Reserve’s decision to pause interest rate hikes, Bitcoin has rebounded with a vengeance. This temporary setback provided a golden opportunity for retail investors to accumulate Bitcoin at a discounted price. Now, the cryptocurrency giant has surged past the $26,500 threshold, sparking renewed optimism among investors and traders.
Is Bitcoin Escaping The Bearish Territory?
Following a tumultuous week influenced by macroeconomic factors, Bitcoin is hovering around the familiar trend lines near the $26,000 mark – the question now is, what’s next?
Despite the intense volatility that tested the mettle of traders over the past week, Bitcoin’s price remains steadfast, clinging to its well-known territory.
As we kick off a new week of trading, the crypto market, particularly Bitcoin, finds itself in a state of suspense. Market players are adopting a “wait and see” approach due to the current ambiguity surrounding the direction of the world’s largest cryptocurrency.
Even though Bitcoin has been relatively stable in recent days, its dominance has surged to over 49.8% on trading, a level not seen in more than two years.
The recent surge in Bitcoin’s value can be partially attributed to the weakening of the US dollar. The dollar index, which measures the value of the greenback against a basket of major currencies, experienced a 1.2% drop to 102.30 last week, marking its third consecutive weekly loss.
Crypto intelligence firm Jarvis Labs said,
“Any decline in the dollar is good for bitcoin (and vice versa). That’s why BTC and risk assets have had their strongest bull runs during DXY bear markets.”
Will BTC Price Struggle Near This Level?
Bitcoin experienced a sharp increase, catching off guard the aggressive bears who might have shorted when it dipped below $26,250. However, bears are not leaving any chance to slow down the current recovery rally as BTC price slightly declines to $26.4K level.
While the bears are attempting to cap the recovery rally at the 200-day EMA, a promising sign is that the bulls have not conceded much territory. This indicates that investors are maintaining their positions, anticipating a further upward movement in Bitcoin’s price.
As of writing, BTC price trades at $26,411, declining over 0.5% in the last 24 hours.
The 4-hour chart shows the 20-EMA rising and the RSI in the positive zone, indicating short-term bullish control. Minor resistance lies at $26,844, but if surpassed, Bitcoin could reach the channel’s resistance line near $27,428. If this level is breached, a rally to $28,318 could follow.
This bullish outlook will be invalidated if the price drops below the 20-EMA, potentially pulling the price down to the 50-SMA and then to the strong support zone between $25,350 and $24,700. A break below this zone could trigger intensified selling.
Ripple vs SEC Saga Continues: Could Court Documents Reveal Unlawful Conduct?
In the ongoing legal drama between Ripple and the U.S. Securities and Exchange Commission (SEC), a new twist has unfolded. Legal documents linked to a controversial speech by former SEC director Hinman, released in the wake of the XRP lawsuit, are stirring up fresh debates in the cryptocurrency landscape.
Vitalik Buterin’s Involvement and Judicial Implications
The recent unearthing of these documents has ignited the crypto community with chatter, primarily because they hint at Ethereum founder, Vitalik Buterin’s involvement in the crafting of Hinman’s contentious speech. This discovery has subsequently sparked conversations about potential biases within the judge overseeing the lawsuit.
John Deaton, the lawyer representing XRP holders in the legal battle against SEC, notes that there have been cases of corruption and political influence among judges in the past. However, he affirms that this likely isn’t the case in the XRP lawsuit. According to Deaton, District Judge Analisa Torres, presiding over the case, has a less politically influenced background compared to many federal judges.
Also Read – Ripple News: BitGo CEO Joins Forces with Ripple in Defending Against SEC Lawsuit
Government Overreach and Possible Misconduct
The legal representative of XRP holders suggests that the conduct of the commission and the extent of government reach might irk Judge Torres enough to warrant her commentary on the matter. Despite any motivations from former SEC director Hinman and the SEC, Deaton remains confident that Judge Torres will execute the law as she interprets it.
Rumors of Misconduct in the Ripple Case – Fact or Fiction?
While there’s significant chatter about potential misconduct leading to the dismissal of the XRP lawsuit, it’s worth noting that no such motion has been presented. Ripple has yet to file any such claim, despite industry voices considering this a viable option.
Deaton admitted he’s not surprised Ripple hasn’t moved to file a motion around misconduct or ill intentions. Nevertheless, he expressed mild shock that the defendants have not interwoven this narrative into their pleadings. While selective enforcement is a common occurrence, it doesn’t necessarily mean Ripple will adopt that route.
Uwerx Presale Continues To Record Success
As cryptocurrency evolves and thrives, one presale token stands out above the rest. The Uwerx presale is making waves as it continues to record unprecedented success amid declining trends from popular tokens, Conflux (CFX) and Mask Network (MASK).
With so much uncertainty in the market, it is clear that investors are turning to Uwerx for stability. But what exactly sets Uwerx apart, and how is it maintaining its impressive growth? Let’s delve into the details of this groundbreaking presale and find out.
MASK Price Plunge: How Mask Network (MASK) is Taking a Dive in the Crypto World
The price of Mask Network (MASK), a blockchain-based protocol enabling easy access and sharing of online content, has significantly declined. The current price of Mask Network’s token is at $4.28, down by 5.27% in the last 24 hours. Also, as of last month, Mask Network acquired RARA’s team. RARA is a social curation protocol.
Mask Network was launched in July 2019 as an Ethereum-based decentralized application (dApp). Its notable features include decentralized storage and decentralized exchange (DEX) integration.
Its current market cap is $ 342,834,100, with a circulating supply of 80,125,000 MASK tokens. Despite the recent dip in its price, its trading volume has remained relatively stable, indicating strong community support and interest in its services.
Lido DAO (LDO) Faces Price Slump Amidst Market Turbulence
The cryptocurrency market is known for its volatility, and recently, Lido DAO (LDO) has been grappling with a price slump amidst turbulent conditions. It a decentralized autonomous organization focused on staking assets, has seen its token price experience a notable decline.
Lido DAO offers users a platform to stake their assets and earn rewards. However, the current market conditions have impacted the token’s price. The token has a circulating supply of 879,305,826.02 LDO tokens and a market cap of $1,781,282,078.
The crypto coin trades at $2.03, a 2.80% decrease in the last 24 hours. The decline in Lido DAO’s price can be attributed to several factors. For instance, when the cryptocurrency market experiences a downturn or instability, it often decreases the value of many tokens, including Lido DAO.
Uwerx Presale Enters Funding Stage Five
While the cryptocurrency market experiences fluctuations and some prominent tokens face decline, the Uwerx presale remains a beacon of success and promise. The presale, which is currently in the fifth stage, showcases the immense potential of this blockchain-based freelance platform.
Amidst the unprecedented demand, the Uwerx team has made notable adjustments to ensure a fair and balanced distribution of tokens. The token allocations for the founding team have been reduced to 7%, reflecting the team’steam’s commitment to inclusivity and widespread participation.
Similarly, the partnership team’steam’s allocation has also decreased to 3%. These changes highlight the team’s dedication to accommodating the growing number of users participating in the fast-paced presale environment.
The current stage of the presale, known as stage 5, has an allocation of 72.5 million WERX tokens at a price of $0.041 per token. Also, the platform is at 5,546 signups, 1,456 Telegram members, and 1,627 Twitter followers. However, Uwerx’s success goes beyond the presale figures.
To ensure sustainability while building community trust, the team will renounce ownership of the smart contract. This strategic move, which will occur once Uwerx is listed on centralized exchange platforms, ensures transparency and decentralization, aligning with the core principles of blockchain technology.
Transparency and accountability are further reinforced through the team’s announcement of a 25-year liquidity locking period for developers’ tokens. In response to overwhelming community support, with an impressive 82.8% vote in favour, the team will lock their tokens before the presale concludes. While the exact date of this lock-up is yet to be announced, it showcases the team’s commitment to building trust and stability within the Uwerx ecosystem.
The recent confirmation of a Test Airdrop, supported by 98.2% of respondents in a Telegram poll, will enable users to verify their receiving wallet addresses and actively participate in the token distribution process.
To enhance user experience and convenience, Uwerx is introducing the Uwerx Vault, a feature that allows users to store their tokens while earning rewards securely. This innovative addition aims to provide a seamless and rewarding experience for Uwerx token holders, further strengthening their bond with the platform.
In the coming weeks, Uwerx will release additional components of the platform, such as the Sign-in Page, Settings, Log-in Page, User Dashboard, Finding Jobs, and Posting Jobs, among others, allowing users to explore and contribute to the evolving ecosystem.
Also, Uwerx will begin transitioning to the Beta version, where users can test the platform themselves. The Uwerx team is also open to suggestions or recommendations. They have set out a dedicated email, [email protected], where users can send feedback.
Uwerx’s commitment to continuous improvement and collaboration is evident in its adoption of Agile methodology for platform development.
With the Uwerx presale offering a 15% purchase bonus for WERX tokens—which is likely to reduce during the subsequent price increase—the opportunity to join the revolution has never been more enticing. Also, you can enjoy referral bonuses after the subsequent price increase. More details on the referral bonus will be revealed soon. Join the presale now!
Ethereum Price Continues To Decline From $1.9K! Is ETH Price Gaining Momentum For Recovery?
Ethereum, the second-largest cryptocurrency by market capitalization, has been on a rollercoaster ride in recent months. After reaching a high of $1.9K, the price has steadily declined. Amid the recent downturn, there are multiple indicators hinting at a potential recovery for Ethereum. As the price of ETH hovers near a crucial threshold, it prompts a significant question for investors: Is this price dip merely a prelude to an impending bull run, or could there be a further depreciation in Ethereum’s value?
Ethereum’s Average Fees Continue To Decline
The Ethereum network has recently experienced a noteworthy shift as average transaction fees have seen a substantial decrease. This drop follows closely on the heels of a considerable surge in fees recorded in May, which pushed it to an annual high.
As per the most recent data from the renowned market analysis platform, Santiment, Ethereum fees have now descended to a level below $5. This is a significant reduction from the annual high of over $10 per ETH transaction recorded in early May. Importantly, this recent development signifies a beneficial change for Ethereum users and the wider ecosystem.
As May drew to a close, data from Santiment indicated a roughly 69% decrease in Ethereum fees from their annual peak of $14 per ETH transaction earlier in the month. The data suggests that ETH fees have now stabilized at approximately $4.28 per transaction in recent hours.
Indeed, the substantial reduction in Ethereum transaction fees could be seen as a bullish indicator for Ethereum’s price. Lower fees enhance Ethereum’s accessibility and appeal, which could potentially stimulate increased demand for ETH.
Moreover, the Ethereum network is witnessing a surge in adoption as it touched a significant milestone by surpassing 100 million non-zero addresses, which is a bullish indicator for the asset.
Is A Bullish Revival On The Horizon?
Currently, Ethereum’s price is on a new downward trajectory after its unsuccessful attempt to breach the resistance zone at $1,927. Similar to Bitcoin, ETH slipped below the $1,880 mark, transitioning into a short-term bearish zone.
A further shift was seen beneath the $1,860 level, with the price even probing the $1,840 support. ETH’s price has formed an intraday low at $1,837, and the price is currently in a phase of loss consolidation. It’s now testing the 50% Fibonacci retracement level, ranging from the high of $1,880 to the low of $1,840.
As of writing, ETH price trades at $1,862, declining over 0.45% in the last 24 hours. If sellers pull the price below $1,827, the ETH price could potentially drop to $1,762, followed by a further decline to the wedge’s support line.
In contrast, if the price bounces off the wedge’s resistance line, it would imply that the bulls have successfully converted this level into support. Under such circumstances, the ETH price could ascend to the psychological resistance at $2,000 and possibly even reach $2,100.
Altcoin Market Cap Continues With a Sluggish Trend While XRP Price Clinches $0.5!
As Bitcoin displays some upward price action, the altcoins tend to follow and procure some easy gains. On the flip side, once the star crypto loses its grip over the ascending trend, the altcoins are also badly impacted as they lose the maximum of their gains. However, XRP being slightly away from the crowd is displaying the possibility of a bullish breakout, both in the XRP/USDT and XRP/BTC pairs.
The XRP/USDT pair, after marking consecutive bullish candles, is now closer to breaching the ascending parallel channel. Once the upper resistance of the parallel channel is cleared, the price is believed to trigger yet another bullish wave towards the higher targets. The price is finding support at $0.48 and the 50-day MA levels, which may help the rally remain elevated.
Besides, XRP is also showing immense strength against Bitcoin, as the pair is about to validate a bullish breakout. With the recent upswing, the pair has made a fair move towards the upper resistance, or trend line, of the descending triangle. A break from the bearish pattern may also enable the bulls to take over the rally. And as long as the Bitcoin price remains sluggish, XRP/BTC is believed to maintain an elevated trend.
Presently, XRP/USDT is trading at $0.5003, with a jump of 4.39% since the daily start, while the XRP/BTC pair is trading at 0.00001797. Both pairs are flashing acute bullish signals and have huge possibilities to mark new highs in the coming days.
Memecoin Hype Fades As PEPE Continues To Decline! Here’s What Next For Pepecoin Price
In a whirlwind period of speculation and hype, the world of cryptocurrency was recently taken by storm by a new breed of digital currencies: memecoins. A key player that stood out in this field was Pepecoin, or PEPE, which has now witnessed a significant decline, marking a potential turning point for the memecoin market. However, like any market riding on the waves of speculation, the bubble has now seemingly burst. The phenomenal rise of Pepecoin appears to have been replaced by a swift and relentless decline, forcing SHIB and DOGE to touch the bottom levels.
Memecoin Momentum Experiences A Slowdown
The crypto market has recently experienced a significant slowdown, with meme coins bearing the brunt of this downturn. Amidst investors’ caution concerning their investment choices, cryptocurrencies such as PEPE, SHIB, and DOGE have seen a persistent decrease. This trend suggests a potential conclusion to the brief surge in meme coin values witnessed in April.
Meme coins are currently facing significant adversity as they experience widespread depreciation. This applies to both large-scale and niche meme coins. A case in point is PEPE, a meme coin that gained prominence in April, which has seen more than a 60% drop from its record-high value in early May. Even in the last 24 hours, it has registered a further loss of 7.5%.
The downward trend in PEPE token value reflects a similar pattern across the entire meme coin universe. Metaphorically, the distinctively green hue of the PEPE logo and those of other meme coins designed in its image seems to be shifting towards red, mirroring the current market trend.
What’s Next For PEPE Price?
PEPE’s price activity is experiencing a downturn today, following a significant surge on Sunday that had the whole crypto community buzzing. As rapidly as its prominence soared, it started to diminish on Monday, wiping out all of its gains from Sunday.
PEPE must maintain its stand at the critical price point of $0.00000147, which served as a crucial technical milestone on May 13 and has already provided support twice since that date. As the descending red trendline approaches, one can anticipate increased pressure at this level. If there’s a breach below this line, the price could potentially drop toward $0.00000116. As of writing, PEPE price trades at $0.00000153, declining over 6% in the last 24 hours.
The Relative Strength Index (RSI) is currently trending upwards towards a neutral position, indicating that there might still be ongoing buying activity, and a shift in momentum may be possible. This suggests that the bulls are beginning to gain control and could potentially breach the descending red trendline. If this happens, the price could aim for $0.0000018, with the subsequent price target being set at $0.000002.
Sparklo (SPRK) Continues to Offer More Utility Than Optimism (OP) and ZCash (ZEC)
Investing in cryptos has proven to be quite profitable in the past years, where a $100 investment could easily turn into $1 million in the market. Sparklo is one of the few cryptos that seem to be heading in this direction. Many analysts are very optimistic that SPRK, which is currently at its stage two presale, will likely offer back a 4,000% projection rate within the coming few months. Sparklo has been making big waves within the crypto industry and is now attracting more and more investors in a market where big names like Optimism (OP) and ZCash (ZEC) seem to be struggling.
Sparklo (SPRK) a game changer
Sparklo will positively change the rare metal investment and trading sector by developing a special blockchain investment platform that specialises only in rare metals like gold, silver, and platinum. On the platform, users will be able to trade and purchase fractionalized NFTs which real-world rare metals will underpin.
Investors purchasing a complete bar will get their assets delivered to their doorstep. If that’s not enough, SPRK investors will also have early access to better deals and discounts. SPRK, being on its second-stage presale level, has already managed to move up and is now selling at $0.022.
Anyone with security issues will not have anything to worry as SPRK already has an InterFi Network Audit and the KYC Audit. Additionally, SPRK’s liquidity will also be frozen for at least 100 years.
Optimism (OP) continues to trade in the red
Optimism (OP) is a 2-layer chain that was built on the Ethereum blockchain. Optimism (OP) uses rollups to address scaling issues of the Ethereum blockchain. In turn, it benefits from the much-needed security protocol offered by Ethereum. However, with different updates on the Ethereum mainnet, Optimism (OP) demand has decreased.
Optimism (OP) remains highly volatile, which does not sit well with investors. The current trade market price is just $1.63 within the past 24 hours. This is a dip of around 4.70%, and the worst part is that OP has been in the red for quite some time now. Optimism (OP) lack of performance is pushing investors to have a look at their portfolios and consider moving to other better cryptocurrencies like Sparklo.
ZCash (ZEC) diminishing volumes
ZCash (ZEC) was once considered a reigning crypto. But this seems to have changed after hitting a rough patch. Privacy coins were the norm back in the days, and ZCash (ZEC) was at the top line. This led to the value of these coins gaining highly by 2018, with ZCash (ZEC) being among them.
However, this is never the case anymore, as ZCash (ZEC) is currently trading at $32.61, which is a dip of 1.07% over the past 24 hours. Analysts are also sceptical about ZCash (ZEC)’s comeback, with many investors moving out.
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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TMS Network Continues To Be The Talk Of The Town, While Binance Shows a Bearish Trend, And Kucoin Is On An Uptick
The ever-evolving and rapidly changing crypto space has new updates and news to offer every other day. Binance (BNB) witnessed a surge in price due to the latest update on the platform, giving hope to investors. Kucoin (KCS) has also witnessed some bullish momentum due to the meme coin listing. TMS Network (TMSN) continues to send waves through the crypto world with magnificent growth in its presale.
Binance (BNB) announces updated trading bots
Binance (BNB) has been showcasing a persistent bearish trend. Relating to the false alarm of the US government selling its Binance holdings, the BNB price has taken a record plunge. Binance (BNB) faced its biggest drop in nearly two months, falling to $301. However, on the daily chart, Binance (BNB) has been showing a slight recovery with high volatility. In the past 24 hours, Binance (BNB) has risen by 1.6%. Currently, Binance (BNB) is exchanging hands at $312.97. Binance (BNB) took to Twitter recently to introduce updated trading bots. This feature allows for automated trading on Binance (BNB) with the help of various strategies such as spot grid, futures grid, auto-invest, etc. This news helped Binance (BNB) get back on its feet as on-chain activity shot up.
Kucoin (KCS) lists Pepe Coin, leading to a surge
KCS has been gaining attention after the Kucoin exchange listed Pepe (PEPE) coin. Thus, KCS, the native coin of Kucoin project, has witnessed a surge in prices. According to Coinmarketcap, Kucoin (KCS) has risen by 1.41% in the past 7 days. This listing is paving the way for the upcoming meme coin revolution. Kucoin (KCS) also took to Twitter to announce its plan to list other meme coins that include AIDOGE, WOJACK, MONG, etc.
Kucoin (KCS) is currently trading at $7.6. With a market cap of $741,102,867, Kucoin (KCS) has been on the rise. However, in the past 24 hours, Kucoin (KCS) has witnessed a downturn and has experienced a drop of 0.8%.
Whales flock towards TMS Network (TMSN)
TMS Network (TMSN) has been thriving with investor attention as the crypto world rushes to grab its share. With impressive and explosive first and second stages of the presale, TMS Network (TMSN) has managed to leave its peers and other established projects behind and top the charts. Being the first of its kind, TMS Network (TMSN) has some very unique features to offer, such as allowing users to trade multiple derivatives on a single platform. Other features include trading tools such as a social network, an on-chain analytics strategy builder, etc. that allow both experienced and amateur traders to utilize the platform to make profitable trades.
TMS Network (TMSN) also focuses on investor awareness by providing educational content on the platform. Another key aspect is that the TMS Network (TMSN) enables users to earn commissions on every trade. This commission is a percentage of trade volumes and is distributed to TMS Network (TMSN) token holders through smart contracts. The spectacular 2800% growth shown by TMS Network (TMSN) is truly commendable. Currently, TMS Network (TMSN) is available for $0.093.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetwork_io
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Filecoin (FIL) Growing Strong, Newcomer Uwerx (WERX) Presale Frenzy Continues
People are often caught off guard when a newcomer token explodes in value overnight. While many wonder how they missed the chance, it is the brave and the well-informed who reap the profits. For crypto traders and freelancers, there is no secret that Uwerx is prepped to be the future of the gig economy. Its WERX token presale is the most anticipated event of 2023 and many are registering to have a slice of the cake.
Helping Freelancers
The Uwerx mission is simple: Give freelancers the rights they have always wanted. Built on blockchain, it has done just that. Where it attracts gig workers due to its low fee (a mere 1% compared to other major platforms that charge as high as 20% commission), this is certainly attractive as freelancers now account for nearly half of the global workforce.
Transparency in pricing, instant payment release, collaboration tools, and using the native WERX token for governance makes the upcoming platform even more attractive.
Uwerx (WERX) Presale is the Perfect Opportunity
With all that it will offer, Uwerx is considered by crypto experts all over the world as one of the most promising projects to roll out in 2023. Even the prediction they have for its WERX token is impressive. Many professional traders see the token rising to $1.1 in the last quarter of the year.
With the presale giving at a discounted price of just $0.0225, early adopters may well be sitting on a gold mine that can potentially give them a 4,789% return! A limited-time bonus boost (20%) and a reworked presale token allocation, means you can get in on the action too.
For investors who took part earlier and got an early bird discount, the profit margins are even higher.
Can Filecoin (FIL) Compare?
Filecoin (FIL) is among the most innovative blockchain projects to come out of the industry. A decentralized computing and storage, it has the advantage of always having stored data available to its users as multiple backups and storage exist.
With an active team and developers that are constantly pushing the launch of new features such as web services, open-source storage, etc., traders are also confident of Filecoin (FIL) profitability chances. Some say it can cross $7.38 in 2023, an overall 146% increase from Filecoin (FIL)’s year start price of $3.
But for those who bought Filecoin (FIL) at its 2023 high of $9, they will still face a loss and that has many Filecoin (FIL) traders switching over to Uwerx to not just cut their losses, but give themselves a chance of greater profits.
Audited by SolidProof and InterFi Network, Uwerx is a secure platform with a development team that is sincere about gig workers. They have already announced they will revoke ownership of the platform’s smart contracts when they will remove taxes, giving complete governance to its users. A 25-year liquidity lock and Uwerx Vault to secure user tokens means the platform users will never be disappointed.
With the alpha version release imminent, the time is ripe to take full advantage of Uwerx. If you want in on the action, you can enjoy a 20% bonus by registering today:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
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Bitcoin’s Bearish Trend Continues: Bulls Await Breakthrough Above $27.2K
In a fascinating twist of fate, a seasoned crypto trader who made waves by selling Bitcoin (BTC) at an astounding $30,000 is now revealing his plan to re-enter the market.
Crypto analyst DonAlt in his new video update, is cautiously assessing the current state of affairs. Here’s his plan:
Drawing Parallels: BTC Action Resembles March’s Bear Trap
Reflecting on past events, DonAlt draws intriguing parallels between Bitcoin’s recent price action and its behavior in early March. He recalls a monumental bear trap on March 9th, where BTC broke below the critical support level of $21,000, only to reclaim it a few days later and surge toward the $30,000 mark.
Drawing inspiration from this historical event, DonAlt suggests that a similar opportunity may be emerging. BTC recently broke support at $27,200, hitting a low of $26,270 last week. However, DonAlt advises vigilance, awaiting signs of support reclamation before considering re-entry into the market.
While bullish sentiments persist, DonAlt warns that Bitcoin remains in a bearish state until it successfully trades above the $27,200 level. For him, a breakdown represents a bearish scenario, and he advocates exercising caution until the market demonstrates strength by reclaiming the critical level.
At the time of writing, Bitcoin is trading at $27,202, highlighting the delicate balance of the crypto market’s current landscape. The road to reaccumulation is fraught with uncertainty, but DonAlt’s seasoned approach and astute observations continue to captivate traders and investors alike.
Render Token (RDNR) Continues Stunning 2023 Performance Despite Significant Pressure From Yachtify (YCHT) Presale
Render Token (RDNR) has continued to stun investors as its price has grown sharply in 2023. It is expected to finish the year trading as one of the top coins alongside Yachtify (YCHT) – a project that is perfectly suited to individuals that are looking to take advantage of the unprecedented growth that has been happening in the maritime industry since the covid 19 pandemic.
Yachtify (YCHT) To Offer Low Cost NFTs
The project aims to ease access to the financial benefits of the maritime industry by combining a team of blockchain experts and yacht specialists who will not only provide the needed technology for smooth, safe, and instant transactions but will also find the best deals for its customers.
The specialists will be on the lookout for yachts with the best sale and lease value, and they will help bring these deals to Yachtify’s users. In addition, the platform will be renting and selling Yachts to several maritime schools around the globe. Thereby giving Yachtify’s users access to a recession-proof industry.
Yachtify uses digital tokens to ease ownership of fractional Yacht shares. These NFTs cost as low as $100, and they reduce the cost barrier to owning Yachts and other luxury sea vessels. In addition, investors will get commissions from rental fees whenever their yachts are rented out. These fees will be paid according to how much share an investor owns. Investors are allowed to trade these NFTs either on the Yachtify marketplace or any other suitable third-party option.
There are several benefits a Yachtify user gets to enjoy, which include higher liquidity than most platforms, discounts on boat sales and rentals, access to special events, custom NFTs, and even boat sailing lessons.
Yachtify users will also be able to take loans at competitive prices while using their Yacht assets as collateral. Joining Yachtify while it still costs $0.10 looks like a smart investment move, and investors who join the project now will get a 30% bonus.
Join Presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
Render Token (RDNR) Shows Strong Performance in 2023
One of the best-performing tokens in the entire crypto market in 2023 is Render token (RDNR). The coin has continued to grow sharply in the first four months of 2023, surpassing its year-on-year performance.
Render token (RDNR) was trading at $0.4 at the start of the year. It then rose sharply to $0.87 by the final week of January. Render Token (RDNR) continued to rally, and it reached $1.6 by the first week of February.
A few days later, it had reached $2. It hovered in that price range for a few weeks before dropping sharply to $0.9 by the second week of March. Render Token (RDNR) then rallied sharply again to reach $2. a few weeks later. The drop in prices was due to a market-wide event induced by official inflation figures and updates on interest rate hikes.
By the end of April, it was trading at $2.3. At the time of this writing, Render Token (RDNR) has dropped to $1.8. However, it is expected to rise above $2 again in a few days, given its strong bullish movement.
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