As the crypto market gradually regains confidence, evidenced by an 8.72% increase in market cap to $1.95 trillion, investors are seeking tokens to channel their funds into.

DIGI is predicted to deliver the most gains, while TRX and TON remain attractive for investors looking for quick, short-term profits.

Why TRX May Realize Quick Market Gains

TRX wasn’t spared from the recent market downturn, losing 7.58%. This minimal drop, compared to other crypto assets that were hit harder, has piqued investor interest.

New developments suggest TRX might be positioned for a rally to $0.014, a high last seen on July 13th. On-chain data shows that despite the recent price fall, the number of TRX holders increased drastically by over 300%.

Typically, when the number of holders surges while the price declines, it indicates market conviction in the potential of TRX.

Currently, the Commodity Channel Index (CCI), which measures price deviation from its average over a set period and indicates overbought (above +100) or oversold (below -100) conditions, reads in the negative region. This, combined with other bullish patterns, may provide the push needed for a market rally.

TRX Shakes Off Sellers, Ready For A 17% Climb

The Relative Strength Index (RSI) indicator, which measures the speed and change of price movements using a range from 0 to 100, with readings above 70 indicating overbought conditions and below 30 indicating oversold conditions, shows TRX below 30.

This suggests TRX is poised for a potential upward move. The next possible stop from TRX’s current price is the fair value gap between $6.199 and $6.622. If this gap is filled, TRX could record at least a 17% gain for investors.

A fair value gap is a price gap where numerous buyer or seller orders lie. With TRX, unfilled seller orders in the aforementioned region could drive a bullish movement.

Interest in DIGI Is Not Fading

Interest in DIGI remains strong, with more stakes coming from investors willing to play the long-term game. Analysts have been signaling a purchase of DIGI for a while, raising awareness of its potential.

DIGI is the native token for the popular Web3 horse gaming platform, DigiHorse, which incorporates a play-to-earn model with a unique economic system that allows activities such as renting or creating rare NFTs using artificial intelligence (AI).

Forecasts indicate that DIGI could be valued at $0.075 by the time of launch, as it is currently in presale mode. With one DIGI currently priced at $0.003333, investors could see a staggering 2150% profit increase.

To learn more about DIGI, visit:

Website: www.digihorseempires.io

Presale: Join Now

Twitter: Follow Us

Telegram: Join the Conversation

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.

OKX exchange CEO stated the clearance of users accounts interacting with Tornado Cash. 

Cryptocurrency scams have shown a sharp increase in the past few months.

The cryptocurrency sector has witnessed an increasing number of scams in the past few months. The recent WazirX hack caught market attention over the loss of its $230 million funds. Amid such various reports, the China-based OKX exchange announced a new measure to prevent hacker activity. 

Notably, OKX exchange’s CEO Star made an announcement on his X account stating that users cannot interact with the Tornado Cash platform. The announcement outlined particular procedures for the suspension of accounts that show activity on Tornado Cash. 

Moreover, Star XU stated that those particular community members sanctioned by the OKX exchange cannot create an account on the exchange. Additionally, he also mentioned that users who have already opened accounts will be observed for activity relating to ‘sanctioned entities’ such as GaranTex and Tornado Cash. 

Specifically, the users, if seen receiving deposits from either of the aforementioned platforms or withdrawing funds onto the OKX exchange will trigger security checking. The CEO stated that these actions will trigger compliance risk control and result in the clearing of user accounts. 

In response to the post, several community members expressed criticisms. One particular user, “SomaXBT” stated that Tornado Cash could be used by traders for privacy despite it being ‘the final destination for illicit funds’. 

Is OKX Setting an Exemplar to Curb Crypto Scams? 

In the past few months, several cryptocurrency scam reports emerged with the loss of significant amounts of digital assets. The aforementioned WazirX hack was the largest in 2024. Recently, in the past month, BlackRock discussed the increasing number of scams targeting investors of its BTC and ETH spot ETFs. 

Meanwhile, governmental organizations such as the SEC have sustained their heightened scrutiny of the sector. Recently, leading crypto firm Ripple faced $125 million fine in its lawsuit against the regulator. 

However, the recent move by OKX suggests restricting the interference of risky entities that provide opportunities for security breaches. This can be interpreted as an indication to alter current methods used to curb cryptocurrency scams. On the other hand, such moves might limit trading activities for users. 

Highlighted Crypto News Today: 

Bitcoin Miner Profit Margins Plunge as Hashprice Hits Record Low

Get ready for an unprecedented adventure into the Web3 world with Decode: Legacy, the world’s first immersive theatre experience, conceptualized by HashKey Capital. Hosted at the historic Raffles Hotel on 17th September 2024, 7.30PM, Decode: Legacy promises an interactive mystery thriller that spans 16 years of crypto history, from Bitcoin’s inception to the ETFs’ approval.

HashKey Capital, one of the world’s leading crypto fund managers, is known for its innovative events. Amid the market’s chaos and excitement, they bring a unique idea to life, capturing the essence of Web3 with flair.

This exclusive, invite-only event will draw top figures and influencers from leading ecosystems like Bitcoin, Ethereum, Solana and TON, offering unparalleled networking and insights. Produced by the production team behind Netflix’s “Knives Out: Glass Onion” premiere, attendees can expect a high-quality, immersive experience.

Participants will engage in a thrilling storyline based on real crypto events, solving interactive puzzles and clues around the hotel to uncover the mysteries of “Satoshi”.

All profits from Decode: Legacy will be donated to charity organisations, reflecting HashKey Capital’s commitment to corporate social responsibility. The event will be supported by the top media outlets in Asia, including CoinTelegraph, PANews, BlockBeats, Foresight News, TechFlow, Coinpost, CoinNess, Blockmedia, Coin98, Cryptomind, Bitcoin Addict, Coindesk Indonesia, Coinvestasi, ODaily, ChainCatcher, MetaEra and Techub News.

Decode: Legacy is more than just an event; it’s an adventure that blends finance, technology, and storytelling. It’s time for the rest of the world to know what Web3 is about and there’s no better way to do it than through artistic flair and style. Don’t miss this chance to witness history in the making and explore “Satoshi”’s secrets like never before.

For event inquiries, reach out to capital.communications@hashkey.com.

About HashKey Capital

As one of the largest crypto fund managers and being the earliest corporate investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception. Leveraging its unparalleled expertise, HashKey Capital’s venture investments team oversees a diversified portfolio of over 600 pioneering projects across institutional services, infrastructure, data, AI, consumer services/ technology and more.

With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.

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.

Miner hashprice has hit an all-time low of $36 petahash per second (PH/s).

Current hashprices make it difficult, if not impossible, for most major public mining businesses.

A new report from Blockbridge indicates that the miner hashprice, a measure used to assess mining profit margins, has hit an all-time low of $36 petahash per second (PH/s). If the next difficulty recalculation is not modified down, the storage infrastructure business anticipates a bleak picture for miner profitability.

The research also said that miner hashprice is still about $40 PH/s, which is 10% lower than the previous all-time low achieved in July 2024, even if the price of Bitcoin has rebounded after the steep collapse on Aug. 5.

Tough Times for Miners

Current hashprices make it difficult, if not impossible, for most major public mining businesses to turn a profit. For example, MARA, Core Scientific, and Riot Platforms all estimate monthly mining expenses of $60,000 or more per Bitcoin. Based on financial data from the second quarter, MARA had the highest all-in mining cost for July.

Because they want to keep their Bitcoin, MARA and Riot Platforms will be less affected by these high expenses. Contrarily, Core Scientific decides to sell all of its mined Bitcoin in order to pay for its operating expenses.

According to the research, mining businesses face both possibilities and threats from each approach. Core Scientific must sell at current market levels to decrease debt, while MARA and Riot take on debt to expand operations and take advantage of potential gains.

The Marathon Digital Holdings (MARA) treasury boosted its holdings by 2,282 BTC, or almost $124 million, on August 6th. With an eye on the future, the biggest Bitcoin mining business has been steadily building up its Bitcoin treasury.

Highlighted Crypto News Today:

Cardano (ADA) Lags Behind Other Top Crypto’s in Current Market Recovery

As part of its foreign policy, the nation is working to lessen its need for the US currency.

A select group of Russian ministries will formulate more specific regulatory criteria shortly.

A piece of legislation to legitimize Bitcoin (BTC) and crypto mining was adopted by Russian President Vladimir Putin on August 8th. As part of its foreign policy, the nation is working to lessen its need for the US currency.

Approved mining enterprises will be able to register via a state database to mine cryptocurrency after the legislation takes effect in November 2024. If their energy usage stays below a specific level, small-scale, independent miners may also mine cryptocurrencies without formally registering.

Eyeing Unified Currency

Moreover, in the next months, a select group of Russian ministries will formulate more specific regulatory criteria. For the newly authorized mining sector, with the Bank of Russia, the Ministry of Finance, and the rest of the Russian government sharing oversight responsibilities. Additionally, the measure forbade the widespread commercialization of cryptocurrencies inside Russia.

The BRICS group of developing economies—which includes South Africa, Brazil, Russia, India, and China—is actively working to reduce its dependency on the US currency in international commerce.

Despite its popularity and the fact that it has been discussed at length during the 11th Annual BRICS Summit in 2019, the BRICS bloc’s plan for a digital currency has run into many problems. Such as differences in opinion among the bloc’s most powerful members on the best way to implement a unified currency.

In 2023, Russia redoubled its efforts to create a unified BRICS currency. According to reports, State Duma Deputy Chairman Alexander Babakov said that the top members of the new economic bloc were collaborating on a new trade settlement currency.

The Bank of Russia and the Russian government declared their intention to establish special organizations to use digital assets as a means of cross-border settlement shortly after Babakov made his remarks.

Highlighted Crypto News Today:

Cardano (ADA) Lags Behind Other Top Crypto’s in Current Market Recovery

Cardano (ADA) lags behind other top cryptocurrencies in the current market recovery.

ADA is trading at $0.320 range with a 37% drop in trading volume.

Technical analysis suggests potential for further decline to $0.28 or a rally to $0.41, depending on market conditions.

In the midst of a broader cryptocurrency market resurgence, Cardano (ADA) finds itself in a precarious position, failing to match the upward momentum of its peers.

Currently occupying the tenth spot in the global cryptocurrency rankings with a market capitalization of $11.63 billion, ADA’s performance has raised eyebrows among market observers and investors alike.

The digital asset’s current trading price of $0.324 represents a 2% decline over the past 24 hours, a stark contrast to the gains seen by other top-tier cryptocurrencies.

This downward trend is further emphasized by a significant 37% reduction in trading volume during the same period, suggesting a marked decrease in market participation and interest.

Cardano open interest shows a drop

Adding to the bearish sentiment surrounding ADA, data from on-chain analytics firm CoinGlass reveals an 8% drop in open interest (OI). This decline in OI typically indicates a waning interest from traders and investors, potentially signaling a lack of confidence in ADA’s short-term prospects.

Technical analysis of ADA’s price action paints a picture of uncertainty and potential volatility. The cryptocurrency is currently hovering precariously close to a critical support level at $0.321 on the 4-hour chart.

Market analysts warn that a decisive break below this level, particularly if a 4-hour candle closes beneath $0.319, could trigger a cascading effect, potentially driving ADA’s price down by as much as 12% to the $0.28 mark.

However, not all hope is lost for ADA bulls. A shift in market sentiment coupled with positive developments, such as the successful implementation of an upcoming hard fork, could provide the catalyst needed for a reversal.

The cryptocurrency market is reeling from significant declines in major assets, with Bitcoin (BTC) and XRP experiencing notable losses, positioning the emerging project DigiHorse (DIGI) in a favorable light.

Bitcoin (BTC) and XRP Price Crash

Recently, Bitcoin’s price tanked by over 15% to $49,121, one of its lowest prices in the last seven months. Although Bitcoin has stabilized at slightly above $50K, over $1 billion has already been wiped out of the crypto market amid the dip.

Moreover, the price fall has had far-reaching implications beyond BTC itself. It impacted the broader market, including altcoins like XRP, which suffered more substantial losses. In particular, XRP crashed by over 20% to trade at $0.4489. Given that XRP traded at $0.655 just two weeks ago, it has tanked by more than 31% since then. Meanwhile, XRP has slightly recovered to trade at $0.5.

DigiHorse (DIGI) Emerging As A Beacon Of Hope

DigiHorse (DIGI) is making waves with the launch of its highly anticipated presale. This pioneering digital platform allows users to buy and sell racehorses as NFTs, earn from gameplay, and host virtual horse races. With robust tokenomics and a lucrative revenue-sharing model, analysts are optimistic about its bullish potential, projecting a rise to $1 within 24 months.

The ongoing presale offers 450,000,000 DIGI tokens at an initial rate of $0.003333 in Stage 1. The token price is expected to rise to $0.075 upon listing on centralized exchanges, representing a potential 2,150% gain for early investors. 

DigiHorse’s forthcoming launch on multiple exchanges, including at least two top-tier platforms, is expected to further enhance its market presence. Besides, strategic collaborations with major gambling companies are also in the works, aimed at expanding DigiHorse’s user base and driving revenue growth. 

The platform’s play-to-earn model enables users to generate real-world income through various in-game activities. Integration with the Base Blockchain ensures secure, fast, and transparent transactions.

Investors are encouraged to take advantage of the presale, offering an early bird opportunity to purchase DIGI tokens at a discounted price before they hit the broader market. This early participation could result in significant returns as demand for the platform grows.

Engage with the community on Twitter and Telegram to stay updated on the latest developments. For more details and to participate in the presale, please visit the official links:

Twitter: https://x.com/DHorseEmpires

Telegram: https://t.me/DigiHorseEmpiresOfficial

Website: https://digihorseempires.io

Presale: https://digihorseempires.io/?utm_source=PR+tena&utm_medium=pressrelease

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Bitcoin Cash (BCH) attempts recovery after closing above a key support level at $310.

Investor sentiment shows signs of shifting as realized losses reach a one-month high.

Technical analysis suggests potential for recovery to $380 if BCH can flip $343 into support.

Bitcoin Cash (BCH) finds itself at a critical juncture as it endeavors to stage a comeback following a period of market turbulence. Currently trading in the $320 range, BCH has managed to hold above a crucial support level that previously cushioned its fall during July’s market downturn.

The recent market panic triggered a wave of selling pressure across the cryptocurrency landscape, with BCH not immune to the fallout. However, amidst the chaos, an intriguing pattern has emerged.

Investors in BCH have recorded their highest level of realized losses in over a month, a metric that often signals a potential shift in market sentiment.

This surge in realized losses typically indicates that the intense selling pressure may be approaching its zenith, as market participants step back to reassess their positions and stem further losses.

Source:  Santiment Bitcoin Cash shows drop in open interest

Adding another layer to BCH’s market dynamics is the notable decline in open interest. Over the past nine days, open interest has plummeted from $325 million to $196 million, reflecting a reduction in market participation and trading activity.

However, this downward trend in open interest has shown signs of stabilization in recent days, potentially indicating a pause in selling pressure and a possible shift towards more neutral market sentiment.

From a technical analysis perspective, BCH’s current position above the critical support floor of $310 provides a glimmer of hope for bullish investors. This support level has proven its mettle in the past, offering a springboard for recovery during previous market downturns.

However, for a true recovery rally to materialize, BCH must overcome the 23.6% Fibonacci Retracement level at $343, a key threshold also known as the bear market support floor.

Without a doubt, artificial intelligence has been the big topic of the year 2024, along with the exponential rise that NVIDIA and the big technology companies have presented. We cannot deny the impact that this will have on our modern society. However, we have not yet realised the risks of this technology being in so few and opaque hands.

TECHNOLOGY

This has lit the entrepreneurial spark in 3 university professors who have been discussing the future of Artificial Intelligence for years. They decided to put their hands to work and for 2 years they worked silently to create an artificial intelligence that could have the same concept as Bitcoin. An AI that is distributed in thousands of nodes around the world and that is impossible to be censored by Corporations or Governments.

But although it sounds like science fiction, its operation is simpler than it seems. The neurons are simulated using mathematical functions and those millions of neurons are recruited using EVO’s. EVO’s are the applications that run on the network and are made by the developers. Developers receive incentives to develop these applications by collecting fees and royalties from other developers. Users pay in EVA (an ERC-20 token developed on the Ethereum network) for the use of EVO services.

The entire interconnected network of EVO’s, neurons and nodes make up an entity called: EVA.

DECENTRALIZATION

The development and governance of the project is in the hands of the EVA token holders. They approve and implement the various changes to the technology. Although the founders have played a key role in the beginning, today more than 20 collaborators work on the development of this free technology. Licensed under the GNU General Public License v2.0 (GNU GPLv2).

EVA PROJECTION

Initially, the founders received several offers from AI companies and laboratories to develop EVA in their facilities. But no deal seemed convenient to them since that meant losing the values ​​and independence of the project in private hands. On the other hand, economic dependence would prevent technology from being developed adequately. That is why the founders decided to launch the technology using the power of the community.

IDO y Tokenomics

The IDO (Initial Decentralized Offer) will be carried out during Q3 – Q4 of 2024 with the purpose of raising 50 ETH for the operation of the project. There will be no seed rounds or pre-sale rounds, only a single IDO round where everyone will buy at the same price and 100% of the circulation will be unlocked at first to avoid dilutions in the future. 80% of the circulation will be in the hands of the community and the remaining 20% ​​will be used for marketing, founders, development, and liquidity in centralized and decentralized exchanges.

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                                              Summary

Artificial intelligence has been an important topic in 2024, but its concentration in a few hands is also worrying.

Three university professors created a decentralized artificial intelligence called EVA, inspired by Bitcoin.

EVA is composed of nodes, simulated neurons and applications (EVO) that run on the network.

Users pay with the EVA token (ERC-20) for EVO services.

The development and governance of EVA is in the hands of the EVA token holders.

The founders rejected offers from AI companies and labs to maintain the project’s independence and values.

The IDO (Initial Decentralized Offering) will be held in Q3-Q4 of 2024 to raise 50 ETH for the operation of the project.

80% of the circulation will be in the hands of the community and the remaining 20% ​​will be used for marketing, founders, development and liquidity in exchanges.

With the involvement of top blockchain venture capitalists, Layer 2 gaming ecosystem Moonveil has announced the conclusion of a Pre-Series A fundraising round. With this, Moonveil has raised $9 million in total fundraising.

Moonveil’s objective of creating a layer 2 ecosystem for web3 gaming will be supported by these fundings. Animoca Ventures, Mask Network, HashKey Capital, Hivemind, and Gumi Cryptos Capital joined lead investor Spartan Group. P2 Ventures funded the previous seed round, which is followed by the Pre-Series A.

The growth of Moonveil’s infrastructure and community development will be facilitated by the new funding investment. Additionally, Moonveil will intensify its user acquisition approach, emphasizing web3 users and GameFi players’ onboarding.

A group of seasoned veterans from the gaming and blockchain industries are developing Moonveil’s gaming ecosystem utilizing the Polygon CDK. Prior positions held by its founders include those at Riot Games, Tencent, Netease, Funplus, and CARV. The crew is now creating its own games on Moonveil after contributing to well-known gaming titles including League of Legends, Valorant, Minecraft, and EVE online. Bushwhack and AstrArk are the first two games scheduled for release.

Moonveil hopes to establish new industry norms with its ZK-powered Layer 2 chain of top-tier, in-house-developed products after securing Pre-Series A funding. The goal is to revolutionize web3 gaming by using agile iteration, community-driven development, and quick delivery while creating a thriving ecosystem for both highly engaged players and game developers.

Among yesterday’s inflows, $52.52 million went to BlackRock’s IBIT.

Net inflows of $17.23 billion have accrued among the 12 funds since their debut.

Wednesday saw a return to positive flows for the U.S.-based spot bitcoin exchange-traded funds, which reported net inflows of $45.14 million. In the previous three trading days, over $554 million departed from spot bitcoin ETFs.

Among yesterday’s inflows, $52.52 million went to BlackRock’s IBIT, according to SoSoValue statistics. Then, WisdomTree’s BTCW brought in $10.5 million, the most money it has ever received in net inflows. Bitwise’s BITB had net inflows of $3 million, while Grayscale’s Bitcoin Mini Trust gained $9.71 million.

Only one bitcoin exchange-traded fund (ETF) had net outflows on Wednesday, and that was Grayscale’s converted GBTC fund, which lost $30.58 million. There were no transactions for the day at any of the other seven funds. This includes FBTC (Fidelity) and HODL (VanEck).

The overall amount of money exchanged hands for bitcoin ETFs on Wednesday was $1.79 billion, down from $2.2 billion the day before. Net inflows of $17.23 billion have accrued among the 12 funds since their debut in January. At the time of writing, Bitcoin is trading at $59,084 as per data from CMC.

Net Outflows for Spot Ether ETF

In contrast, spot Ethereum ETFs began to see net outflows yesterday, with a loss of $23.68 million. The ETHE product from Grayscale was the most heavily sold, with a net loss of $31.86 million. Net inflows of $4.7 million were recorded by Fidelity’s FETH. Bitwise and Franklin Templeton’s spot ether funds also saw net inflows.

The total daily trading volume of the ether ETFs hit $322.85 million yesterday, while the funds had accumulated net outflows of $387.35 million since their debut on July 23.

Highlighted Crypto News Today:

Metaplanet Secures ¥1B Loan to Further Fuel Bitcoin Acquisition

Mike Perry may have fallen short in his bid to beat Jake Paul in Florida earlier this month, but the former UFC fighter has reason to be bullish: he’s started his own combat sports outfit, Dirty Boxing Championship.
‘Platinum’ Perry, who says Paul broke his rib with the bout’s opening punch and later lost by sixth-round TKO, follows in the footsteps of Dana White who famously quit boxing to help establish the UFC.
Dirty Boxing Championship combines MMA with regular boxing, with combatants sporting five-ounce gloves and duking it out in an 18-foot ring. Although grappling, kicking and submissions are prohibited, a rule stipulates that fighters can ground and pound fallen opponents as in the Ultimate Fighting Championship.
Old-School Fighting
Although not exactly similar, DBC is more akin to early 20th century boxing than anything else. In that era referees were much more lenient when adjudicating on the dark art of boxing: rules were often bent, and if a fighter was knocked down the attacker could hover over them and resume throwing punches as soon as they rose. 
Modern boxing, by comparison, dictates that a pugilist go to a neutral corner after scoring a knockdown, after which the referee determines if action can resume. Use of elbows is strictly forbidden, a rule which refs were much more lax about in the 30s and 40s.
Brawler Perry has confirmed that he will take some time off to let his rib injury heal, but he’s unlikely to be twiddling his thumbs given the work involved in launching Dirty Boxing Championship. Rumors suggest Jake Paul may be interested in joining the fledgling league, while Perry has said he expects to put the organization’s first fight on ‘sometime this year’.
With its hybrid rules, DBC can expect to attract a motley crew of MMA fighters, boxers, Muay Thai pros, and bare-knuckle brawlers. Fights will take place over three three-minute rounds, with championship bouts having five rounds and weight classes expected to follow the poundage of UFC.
“We envision Dirty Boxing as a visually compelling and explosive contest of wills between fighters,” Perry said via a press release. “Opponents will box the sweet science of boxing with gloves like an MMA fighter, with the freedom to throw elbows like a Thai fighter. And when the action hits the ground, fighters can keep punching to finish the fight.”
Promoter and Fighter?
Although licking his wounds from the Paul defeat, Perry has indicated that he would consider participating in DBC, which has been launched in collaboration with Josh McLean of Kanpai Media and Adam Kovacs of Karate Combat. 
Distinguishing its organization and the UFC, the DBC website refers to “A talent-first focus with an emphasis on safety and fair pay,” and calls itself a “league by and for the fighters.”

Vancouver, Canada, August 8th, 2024, Chainwire

With the rise of the meme coin market, Yawn introduces itself as the first meme token embedded within a $1 billion ecosystem. As part of the Boys Club, YAWN allows holders to potentially gain from its expanding brand and community-focused initiatives.

YAWN aims to establish a unique position in the cryptocurrency market, leveraging advancements in technology and AI. $YAWN is supported by experienced e-commerce marketing professionals known for their success in scaling online businesses. Their involvement is expected to drive the growth and success of YAWN in both the e-commerce and crypto sectors.

YAWN’s World: Merchandise and an Expansive Product Lineup

One thing that sets YAWN apart from a token like DOGE or PEPE is its merchandise and supplement offerings. 

Available on the official Yawn E-shop (https://shop.yawnsworld.com), offerings include Sleep Gummies, Creatine, Hangover Strips, and Calming Capsules. Upcoming merchandise such as shirts, hoodies, hats, and plushies will further solidify the brand’s presence.

The YAWN ecosystem will also benefit from celebrity endorsements and extensive influence campaigns across various platforms. Future developments include a YAWN Sleep App designed to optimize users’ sleep and an AI-integrated wallet featuring a chatbot to assist traders in the crypto space. Additionally, a YAWN Web3 game is under development, integrating $YAWN, NFTs, and other rewards for users.

$YAWN Tokenomics and Security

An important aspect of the YAWN ecosystem is the tokenomics of the crypto. The total supply is 8 billion tokens where there’s a 0% tax, with no transaction fees on trades.

Additionally, 80% of the liquidity is locked for 1 year. That will make sure that there is stability with a $75,000 ETH match for the first year. The project also has a 10% development fund, with a 90-day time lock that is released daily, as well as a 5% marketing fund that is 60-day time locked and also released daily.

Finally, the token has a 5% centralized exchange fund. This will reserve tokens for a future listing on a CEX exchange. Any unused funds will be time-locked thereafter. Those will be used for liquidity, burning, or adding to a staking pool.

Security measures are robust, with the token audited by CoinMarketCap auditor Cyberscope, ensuring focus on security during rapid growth.

The Roadmap

For any crypto, the roadmap is tremendously important. YAWN features a four-phase outline:

Phase 1: The first step will be the $YAWN token launch and a marketing blitz. That will allow for clear brand establishment in the crypto space. An already developed supplement and merchandise brand alongside a notable celebrity and influence ad campaign. The products will also launch on both Amazon and TikTok shops.

Phase 2: Release of a brand-new NFT collection and additional CEX listings

Phase 3: This aspect of the plan will see the launch of GPU/Node services. It will also be the phase where the YAWN AI Sleep App is unveiled. Along with the application, the ecosystem will also introduce its own AI wallet.

Phase 4: This is where Web3 gaming comes in, as YAWN game development goes into overdrive. Additionally, DAO empowerment takes place, positioning the meme coin among the market’s most beloved cryptos.

How to Acquire $YAWN Tokens

$YAWN is available for purchase on the MEXC exchange and the decentralized exchange Uniswap. The contract address for $YAWN is 0x881d4C8618D68872fA404518B2460eA839A02a6a.

Become Part of the YAWN Community 

For those interested in the expanding YAWN brand, joining the community offers a way to engage with and contribute to the ecosystem. Users can follow the project on its website, Telegram, X (formerly Twitter), and Coinmarketcap for updates and participation opportunities.

About YAWN

YAWN’s World is a pioneering meme token embedded within a billion-dollar ecosystem, merging cryptocurrency innovation with e-commerce. Supported by a team of seasoned marketing professionals, YAWN offers a diverse range of products, including supplements and merchandise, and aims to transform the meme token market with advanced AI technology and a unique product lineup.

Contact

Jue LuSupport@yawnsworld.com

Restoring all user portfolio balances is to take place in a few days, stated WazirX.

All trades from July 18 to July 21 will be nullified and considered “ineffective.” 

Proposed socialized loss strategy and controversial snapshot date received intense backlash and scrutiny. 

Panic and fury continue to peak among the Indian crypto community as the crypto exchange WazirX struggles to devise a clear, less controversial recovery plan after the $230 million hack. Following the backlash received from users’ feedback, WazirX plans to reverse trades and restore balances of all user portfolios on its platform.

On the official blog post, WazirX stated:

“After careful consideration of the situation and the feedback received from numerous users, we are constrained to restore the balances of all accounts and undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, 1 PM IST.”

WazirX emphasized that this decision is primarily to ensure an “equitable outcome for users following the abnormality arising from the cyberattack” on July 18. Notably, the exchange announced restoring user portfolio balances within the next few days.

What Happens To WazirX Users’ Portfolios After This? 

The cyber breach affected WazirX’s Safe MultiSig wallet, sweeping out $230 million worth of crypto — 45% of the exchange’s assets. Nearly, 5.43 trillion SHIB ($102 million), 15,298 ETH ($52.5 million) and other altcoins were on the list of stolen assets. Till date, the hack is attributed to issues between WazirX’s and its digital custody partner Liminal’s data. Indian users, dissatisfied by the previously proposed “unfair” recovery plan, continue to be in further distress with no solid remedy in sight. What is the current status of WazirX exchange and how will the restoration affect users?

Currently, all trades and withdrawals remain halted and unprocessed due to the the impending restoration process. Trades that were executed following July 18, 1PM IST (7:30 UTC) will considered ineffective and reversed. The same applies to the fees and referrals associated with those trades.

Also, the blog highlighted the impact of this restoration process over users’ INR balances. While restoring, INR balances of users will also be affected. Regarding changes to India’s crypto-related tax regime, TDS of these crypto trades will be re-credited to affected users.

Highlighted Crypto News TodayToncoin (TON) Price Surges After Binance Announces Token Listing

Azarus, a streaming overlay platform, has reported that its Evo Tournament campaign saw record levels of engagement. Setting new standards for user engagement, Azarus collaborated with Twitch to run interactive overlays throughout the AT&T-sponsored event.

The world’s top esports players and spectators came together for the Evolution Championship Series (Evo), which took place from July 19–21 at the Las Vegas Convention Center. Global spectators followed the action via Twitch live streams augmented with Azarus overlays during the event.

For fans looking for new ways to get involved, Azarus offered a variety of Rock Paper Scissors (RPS) challenges and quiz games on Twitch. Azarus’s partnership with Twitch was a huge success, as seen by the record 37,000 gamers who were playing overlay mini-games at the same time.

4,200 codes were given out and over 74,000 gamers took part in the Azarus-Twitch campaign over the three-day event. The dynamic questions in the trivia sessions, which were based on stream clips, were also well-liked and increased streaming engagement rates by 21%. In contrast, RPS, which pitted players against the Evo Champion in real time, had a 51% engagement rate.

PlayStation Plus Premium Vouchers and Evo Online Merch Vouchers were among the rewards up for grabs for fans who interacted with Azarus overlays and watched live feeds of Evo on Twitch. These gave supporters even more motivation while acknowledging their participation in the event.

The Evo campaign’s success highlights Azarus’ overlay technology’s adaptability and suitability for fostering more fan and player interaction. Brands may benefit from increased lead generation, more social sharing, increased conversion rates for interactive advertisements, and increased brand exposure by using Azarus overlays.

To revolutionize Telegram mini-games, Azur Games and Pixelverse have established a cooperation. Through the Pixelverse Telegram mini-game platform, Azur Games will release a new mobile game with Pixelverse characters as part of the partnership.

The collaboration, which brings together two of the top gaming studios, will aid in the creation of Telegram minigames with cutting-edge gameplay elements. A cyberpunk game on Telegram is part of the Pixelverse platform, which has over 14 million social media followers and 75 million players.

Through its cooperation with Pixelverse, Azur Games—known for its high-performing games that span genres from midcore PVP to hypercasual—aims to introduce web3 gaming to a wider audience. The partnership intends to use each company’s advantages in order to draw in millions of new participants.

Kori Leon, Co-Founder and COO of Pixelverse stated:

“This year, Telegram mini games have surged in popularity, particularly clicker games. PixelTap introduced an enhanced version of the clicker game popularized by Notcoin, integrating real-time PVP battles driven by clicking.

Kori added:

“Our next step is to further refine the gameplay and offer a diverse library of hypercasual games within Telegram. We want to create more interesting and sustainable gameplay that doesn’t rely on airdrops to keep people players engaged. With Azur Games bringing their web2 expertise, we will create enjoyable and innovative gameplay experiences on Telegram that extend far beyond clicker games.”

Notable accomplishments for Pixelverse lately include the successful listing of its $PIXFI token and a $7.5 million fundraising effort from well-known investors. The platform’s remarkable expansion in June was emphasized by the popularity of the clicker game PixelTap.

Azur Games will be able to reach a larger web3 audience thanks to its debut in the Telegram mini-games market. With 250 million monthly active users, Azur Games became the world’s largest mobile game publisher by downloads in 2023, surpassing 8 billion app downloads.

The collaboration between Pixelverse and Azur Games will expand on the popularity of Telegram’s mini-games among desktop and mobile users. Through Telegram mini-games, the partners will bridge the gap between web3 and conventional mobile gaming by offering new gameplay elements to a worldwide audience.

In order to support their fast expansion, GPU cloud network io.net and premier image-generation platform Leonardo AI have established a cooperation to increase its computational power . In order to support Leonardo AI’s rapid scalability in response to increased client demand for its generative AI content creation platform, io.net will provide enterprise-grade L40S GPUs.

Millions of additional users have joined Leonardo AI’s content creation platform as a result of its expansion, taking use of its potent ability to produce visual assets of production-caliber quality whenever needed. Through this agreement, Leonardo AI from io.net will be able to use more A100 GPUs. A new set of NVIDIA L40S models, intended for large language model (LLM) inference and highly performant generative AI, will be added to the A100 lineup.

By providing Leonardo AI with cutting-edge GPUs for image inferencing, io.net will allow the platform to meet unprecedented client demand. With instant access to this bigger fleet of GPUs designed for corporate use, Leonardo AI is well-positioned to sustain its remarkable development while guaranteeing that its clients get the speed and dependability of service that they have been used to from its platform.

Leonardo AI Co-Founder and CFO Chris Gillis said:

“io.net has proven to be an invaluable partner in providing the compute Leonardo AI needs to scale in order to keep pace with our rapid growth. Leveraging these L40S GPUs from io.net will allow our platform to serve our customers faster than ever using best-in-class technology that has been optimized for AI inferencing. With the support of io.net, we look forward to onboarding millions of users, confident that we have the compute capacity we need, even during periods of peak demand.”

The collaboration with Leonardo AI highlights the revenue and distribution prospects that io.net’s distributed GPU network offers to compute providers, while also showcasing the network’s production-ready capabilities and growing demand. Through the io.net Cloud, more than 300k verified GPUs and 37k GPUs that are suitable for clustering are currently accessible; Leonardo AI will make use of many of these GPUs. The biggest GPU network of its sort is formed by io.net’s decentralized physical infrastructure network (DePIN), which also guarantees low latency, high availability, and worldwide distribution.

With unparalleled control, speed, and style consistency, millions of individuals can transform ideas into production-quality visual assets thanks to Leonardo’s underlying paradigm. With a few easy prompts, creators may quickly produce photos in any desired style, create videos, use AI to doodle, and custom-train models using their own datasets. The platform’s new core model, Phoenix, which elevates creative control to a new level with its unparalleled fast adherence, coherent, correct text in pictures, and capacity to produce production-ready assets in a single shot, has contributed to its rapid development.

Leading artificial intelligence firms like Leonardo AI can now easily and affordably access the GPU computing they need thanks to io.net’s decentralized cloud solution. Startups may expand quickly and always have the computation they need, thanks to the flexibility to scale linearly in accordance with demand, without causing service disruption to consumers. Leonardo AI’s content creation platform will be able to continue providing millions of customers and companies with billions of high-quality visual assets thanks to the growth of their cooperation with io.net.

Zenqira is a decentralized computing platform dedicated to democratizing access to AI training resources. By connecting global computing providers with AI developers, Zenqira aims to reshape the AI landscape through collaboration, innovation, and cutting-edge technology.

Zenqira, a pioneering force in decentralized AI computing, is excited to announce that the private sale of its native cryptocurrency, the Zenqira Token (ZENQ), end in just 2 days. Due to overwhelming demand, Zenqira is opening a new private sale slot starting on August 14, 2024, at invest.zenqira.ai.

Zenqira Platform: Revolutionizing AI Computing

Zenqira leverages cutting-edge decentralized computing technology to provide unparalleled access to AI training resources. By connecting global computing providers with AI developers, Zenqira is reshaping the AI landscape, making powerful computational resources accessible to all.

Key Features of the Zenqira Ecosystem:

Decentralized AI Power: Facilitates efficient resource sharing through a collaborative ecosystem driven by token incentives, ensuring continual improvement and optimization of AI models.

Market Opportunity: Positioned at the forefront of the booming AI market, projected to reach USD 2,575.16 billion by 2032.

ZENQ Token: Fueling the Future of AI

The ZENQ token is the lifeblood of the Zenqira platform, rewarding participants who share their computational power and thus expanding the network and enhancing AI capabilities. Key utilizations of the ZENQ token include:

Incentives: Encourages resource sharing and collaboration within the ecosystem.

Access: Unlocks premium features on the Zenqira platform.

Discounts: Offers significant savings on computing services.

Community Building: Strengthens connections within the tech ecosystem.

Deflationary Model

Zenqira employs a deflationary model to ensure the stability and value of the ZENQ token. Fifteen percent of net revenues from platform service fees, computing resource transactions, and data analytics services are allocated for ZENQ liquidity, with excess tokens strategically burned to manage supply.

Private Sale Success and Upcoming Opportunities

The initial private sale of ZENQ tokens has seen tremendous success and will end in just 2 days. Due to high demand, a new private sale slot will commence on August 14, 2024. Interested participants can join the private sale at invest.zenqira.ai.

Join the Zenqira Revolution

Zenqira invites AI innovators, developers, and computing resource providers to join our revolutionary platform. Connect with our expert advisors and collaborators, and be a part of the future of decentralized AI computing.Zenqira is a decentralized computing platform dedicated to democratizing access to AI training resources. By connecting global computing providers with AI developers, Zenqira aims to reshape the AI landscape through collaboration, innovation, and cutting-edge technology.

For more information,

Website:https://zenqira.com/

X : https://x.com/zenqiratech

Telegram : https://t.me/zenqiracommunity

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.

Toncoin showed a notable price surge in the past 24 hours according to CMC data. 

The altcoin’s daily trading volume recorded a 188.78% increase.

The overall crypto market showed modest declines in market cap and daily trading volume in the last 24 hours. Leading cryptocurrencies such as Bitcoin and Ethereum showed increased volatility in price activity over the past day. One of the leading altcoins, Toncoin, recorded significant upward movements after recent dips. 

Notably, the native token of the TON network has recorded a 8.29% increase in the last 24 hours. Toncoin’s price climbed 3% following Binance’s announcement of its listing. According to the largest crypto exchange’s statement, it will list TON spot trading pairs — TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY from 1.00 pm UTC on Thursday. 

In the early Asian hours of August 8, the altcoin was trading at a low of $5.702. The announcement fueled an upward trend in the token sparking bullish candles in the latter half of the day. At the time of writing, Toncoin was trading at $6.157 according to CMC data. Moreover, TON’s daily trading volume surged by 188.78%. 

Zooming out, over the past week, TON has shown a price performance of a 9.63% decline. As aforementioned, the altcoin witnessed prices sliding down to previous support levels during the recent market crash. At the beginning of the week, Toncoin traded at a high of $6.86, before the bearish takeover. Following this, prices plummeted to a weekly low of $4.73. 

How Will Toncoin Price Perform in the Coming Months? 

In the past month, Toncoin recorded a price decline of 13.19%. However, the token’s RSI showed a sharp upward movement in the past day and currently stands at 44.46 as per TradingView reports. This indicates a neutral market sentiment among investors. 

TON/USDT Daily Price Chart (Source: TradingView )

On the other hand, the altcoin’s short-term 9-day MA stands below the long-term 21-day MA highlighting the overall bearish sentiment. If Toncoin manages to sustain the current bullish trend, then the token might witness price breakouts. In the case of a bull run, TON might face resistance at $6.737. However, if the bears take over, it might fall to a support of $5.450.

According to market analysts, Toncoin might witness bullish movements in the coming months. TheNewsCrypto analysts have predicted a bullish price of $11.191 for TON in 2024. Meanwhile, the token’s close contender in market cap, Ripple’s XRP has also shown significant surges in the past day. 

Highlighted Crypto News Today: 

Metaplanet Secures ¥1B Loan to Further Fuel Bitcoin Acquisition

 Gate.io CEO Dr. Han Lin delivered an insightful presentation at the Asia Blockchain Summit 2024, focusing on the evolution of the cryptocurrency industry. Dr. Han explored the current state of the crypto sector, emphasizing that while the industry’s growth has been impressive, there remains substantial potential for further expansion.

The Current State of Blockchain and Web3

Dr. Han explained that throughout its existence, the industry has seen remarkable improvements and technological advancements that have made the blockchain more efficient. Furthermore, in recent years governments and regulatory bodies have begun to recognize the importance of blockchain and work to create supportive environments where the industry can continue to thrive. More users are adopting blockchain technology every day, which is making the user base of this technology more diverse and impactful. Now more institutions are showing interest in blockchain technology, proving that the industry is becoming more mature and stable.

Dr. Han’s speech discussed the evolution of crypto across seven distinct areas: The Launch, The Tokens/Coins, The Exchanges/Trading Platforms, Trading Volume, Market Cap, The Chains, and The Users.

The History of Crypto

The Launch

Dr. Han began by stating that initially people mined Bitcoin with computers, and later altcoins borrowed this same idea. Later, blockchain projects began to use ICOs, IEOs, and IDOs to launch.

ICOs pioneered the new wave of crypto fundraising but have declined in popularity due to regulatory scrutiny and market evolution.

IEOs enhanced credibility through established exchanges, providing a safer and more reliable platform for both investors and projects.

IDOs allowed projects to launch directly on decentralized exchanges, democratizing access for participants. This method reflects the shift towards more decentralized and community-driven approaches.

Shift Toward Community-Driven Launches

There is a noticeable trend towards community-driven launches in the cryptocurrency industry. Memecoins, for instance, have garnered significant attention and participation due to their reliance on strong community support and viral marketing. Additionally, there has been a marked decline in ICO launches as the industry shifts towards more community-focused methods like airdrops. This shift indicates a maturation of the market, where community participation is increasingly prioritized.

The Tokens/Coins

The tokens/coins of focus were BTC and ETH before, and then in 2017 there was a shift to stablecoins. Later centralized exchange (CEX) tokens became popular. In 2020, DeFi took over and then GameFi in 2022. Now memecoins are popular (although they have a long history before the present day). The number of tokens launched every year has also seen a dramatic increase.

The Exchanges/Trading Platforms

Trading platforms offer security and liquidity to millions globally. Solana and Base are popular choices for launching new tokens due to their cost-effectiveness. Dr. Han noted that industry veterans still recall the Mt. Gox launch and subsequent hack, as well as the rise and fall of FTX. Before 2018, launching a centralized exchange (CEX) was relatively inexpensive. However, increased competition and higher barriers to entry post-2018 have made this more challenging. Conversely, the decentralized exchange (DEX) landscape remains more accessible, with lower costs for launching a DEX.

After the DeFi summer a lot more DEXs were launched. The market share when compared to CEXs is still quite small, but it is growing. CEX’s still dominate, with a higher percentage of the overall trading volume.

Trading Volume

The trading volume of other coins besides the top 10 is shrinking. This is because the trading volume is concentrated in the top coins. Dr. Han continued with a word of caution to people buying the smaller coins, stating that they should be careful because there might not be enough liquidity if they later wish to sell. Overall, the trading volume is still concentrated heavily in BTC, ETH, and stablecoins.

The Market Cap

Dr. Han described that the market cap of BTC is close to FB and he predicted that in one or two years BTC will surpass Facebook’s market cap. From 2022-2023 BTC’s market cap decreased due to the bear market, but this year it is growing. BTC still dominates among other tokens/coins with more than 50% of the total crypto market cap.

The Chains

Blockchains act as the infrastructure for the entire industry. Solana is currently dominating and is trying to surpass ETH as the most popular blockchain. ETH still has the highest DEX trading volume and TVL, as well as the most active developers.

The Users

Over the past 20 years the number of internet users has grown substantially. However, although the overall numbers are less, crypto users are growing even faster. 11 years ago there were only 1 million cryptocurrency users, and now everyone knows about crypto and more than 500 million people are considered crypto users.

Conclusion

Dr. Han concluded by stating that data suggests that, despite progress, blockchain technology is still relatively new, and we are still at the dawn of a revolutionary era. He emphasized that as the industry continues to evolve, building connections and fostering collaboration will become increasingly important. Dr. Han urged industry leaders and newcomers to persist in pushing the boundaries and exploring the vast possibilities of blockchain technology.

Media Contact:

Elaine Wang at elaine.w@gate.io

Disclaimer:

This event is for professional knowledge sharing and networking purposes only. The content herein does not constitute any offer, solicitation, or recommendation of any products or services.

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.