#multichain This eagerly anticipated event presents an incredible opportunity for developers, creators, and projects to secure funding for their innovative initiatives.

The official announcement urges all enthusiasts to mark their calendars for this significant event. Whether you’re an established participant or a newcomer, GG18 promises to be an inclusive and impactful crowdfunding initiative.

📆SAVE THE DATE 📆 🎉Gitcoin Grants 18: Aug 15-29, 2023🎉 Mark your calendars for #GG18! Applications open on August 1st – be on the lookout for more details to follow 🫡 Let’s Fund What Matters. Together 🍃 pic.twitter.com/4eYiJHbpo1

— Gitcoin 🟢 (gitcoin) July 19, 2023

Gitcoin, known for its commitment to supporting open-source projects and the broader Ethereum ecosystem, is gearing up to open applications for GG18 starting on August 1st. This presents a unique chance for individuals and teams to get their ideas and projects in front of a supportive community and secure financial backing for their visions.

The event aims to foster collaboration, growth, and progress in the blockchain and #cryptocurrency space. Gitcoin’s vibrant ecosystem attracts developers and creators from all corners of the world, creating a diverse and dynamic community united by a shared goal: to Fund What Matters.

With a history of successful rounds, GG18 is expected to be a catalyst for groundbreaking projects that push the boundaries of what’s possible in the decentralized space. The platform enables backers and sponsors to contribute directly to projects they believe in, making a tangible impact on the growth of the #blockchains ecosystem.

As the application date draws near, the Gitcoin team is working diligently to provide aspiring participants with all the necessary information and guidance to ensure a smooth and successful process. Be on the lookout for additional details and resources to make the most of this opportunity.

Gitcoin Grants represents more than just a fundraising mechanism; it embodies the spirit of collaboration and community-driven development. It brings together like-minded individuals and organizations, fostering connections that go beyond financial support.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.#Binanceturns6

Dubai’s Virtual Assets Regulatory Authority (VARA) has granted Binance FZE, the Dubai subsidiary of cryptocurrency exchange Binance, the Operational Minimum Viable Product (MVP) license.

This milestone achievement marks Binance FZE as the first exchange to receive such a license in Dubai, allowing the company to operate virtual asset exchange and broker-dealer services, initially catering to institutional and qualified retail investors in the region. The path to obtaining the operational MVP license involved a series of successful milestones. Binance secured a provisional MVP license in March 2022 and followed up with a preparatory MVP license in September of the same year. With this latest development, the exchange is now permitted to engage in two licensed activities – virtual asset exchange services and virtual asset broker-dealer services, limited to institutional and qualified retail investors in Dubai.

The issuance of this operational MVP license reflects Binance’s commitment to building a compliant exchange in collaboration with local regulators and within the unique regulatory framework for Virtual Asset Service Providers (VASPs) in Dubai. It also enables eligible users in the city to access authorized services, including converting virtual assets to fiat safely, adhering to VARA-designated standards compliant with the intergovernmental Financial Action Task Force.

#Binance #Binanceturns6

#multichain The crypto market has recovered a lot of the losses sustained in 2022, with BTC rising by over 80% YTD and many altcoins performing even better. This led to questions and analysis within the community about whether the bear market is over and the industry is preparing for yet another bull cycle.

Moreover, the BTC halving is scheduled to take place in less than a year, which is typically regarded as a catalyst for upcoming price increases. However, the recent developments from the US Securities and Exchange Commission could suggest that the agency might also have a role in a potential bull market.

The SEC Impact

Being among the most powerful regulators within the world’s largest economy, the SEC’s actions frequently have a direct impact on a relatively small market like crypto. As such, when the Commission decided to go after Ripple in late 2020, as well as Coinbase and #Binance , a few months ago, it harmed most digital assets’ prices almost immediately.

While this doesn’t sound all that surprising that the SEC’s lawsuits could hurt projects and companies, there’s also the opposite angle. We saw it earlier this week when Judge Analisa Torres, presiding over the agency’s case against Ripple, ruled in favor of the blockchain project, indicating that almost all XRP sales did not constitute security transactions, something that the SEC has been trying to prove for years.

The judge’s decision had an immediate and massive impact not only on XRP’s price but many other altcoins, which the SEC alleged to be unregistered securities.

Consequently, it’s safe to assume that the entire market could further surge should the agency lose its ongoing battles with the likes of Coinbase and Binance – two of the industry’s most prominent players.

Spot Bitcoin ETF

The other aspect on which the SEC’s actions have a direct impact is whether the US will (ever) have a spot Bitcoin exchange-traded fund. The regulator has rejected countless applications in the past decade from companies such as Grayscale, Ark Invest, Fidelity, WisdomTree, VanEck, and many others.

With the agency’s growing attacks against the industry with its latest series of lawsuits, many believed that such a product will not see the light of day, at least not any time soon.

However, the tides changed in mid-June when BlackRock, the world’s largest asset manager and arguably the most influential financial giant, filed to release a spot Bitcoin ETF – a move mimicked by several other companies. BlackRock has a mindblowing success rate when it comes down to ETF applications, with the SEC of 575 to just 1.

Its filing for a spot BTC ETF had a profound effect on the cryptocurrency’s price, which soared past $30,000 for the first time in months after being stuck at around $26,000 – $27,000 for weeks.

The #SEC first dismissed all recent applications, deeming them “inadequate,” which triggered immediate price declines as well. However, BlackRock, as well as the rest of the ETF seekers, amended the filings. Moreover, the agency recently accepted BlackRock’s application, thus commencing the official review process.

Although that could that a long time, a potential approval of a spot Bitcoin ETF in the States could also have a colossal and immediate effect on the entire market. After all, $BTC did chart its current ATH of $69,000 amid the approval of the first futures #BTC ETF in the US back in late 2021.

#Binanceturns6

🔥 Brace yourself, Binance community! It's not just a win for Ripple's $XRP ; it's a resounding victory that reverberates through the entire crypto realm. Join us as we delve into why the recent triumph of XRP is not just Ripple's win but a triumph for every crypto enthusiast. Get ready to witness the domino effect that will shape the future of our beloved digital ecosystem! 💪✨

Unity in Triumph: 🌐 The triumph of Ripple's XRP extends far beyond its own boundaries, symbolizing a united victory for the entire crypto community. As Ripple surges ahead, it paves the way for other cryptocurrencies, fueling the flames of innovation, adoption, and regulatory clarity. Together, we stand taller and stronger than ever before! 🤝💥

Regulatory Clarity for All: 🔒 Ripple's landmark victory brings unprecedented regulatory clarity to the crypto space. The ruling sets a precedent, providing a roadmap for other digital assets seeking legitimacy and regulatory recognition. This newfound clarity removes barriers and inspires confidence in a secure and compliant crypto landscape for all projects. ✅🔓

Market Confidence Skyrockets: 🚀 Ripple's win injects an adrenaline boost of confidence into the entire crypto market. Investors, institutions, and businesses gain renewed faith, unlocking the floodgates of opportunities. As XRP breaks free from the shackles of uncertainty, it sets the stage for accelerated growth, wider adoption, and substantial market gains. 📈💸

A Catalyst for Innovation: ⚡️ Ripple's triumph acts as a catalyst for innovation across the crypto ecosystem. The clarity surrounding $XRP 's utility token status unlocks limitless possibilities for groundbreaking projects and transformative technologies. The ripple effect of this victory inspires visionary minds to push boundaries and revolutionize the world of finance. 🌟🚀

Collaboration Knows No Bounds: 🤝 The victory of Ripple's XRP ignites a spirit of collaboration, transcending individual projects and borders. The crypto community, fueled by shared success, unites to tackle industry-wide challenges. Partnerships flourish, ideas converge, and the collective power of collaboration reshapes the crypto landscape with extraordinary synergy. 🌐🚀

Embracing a Future of Opportunities: ✨ With Ripple's triumph, we step into a future brimming with boundless opportunities. The crypto community, driven by the spirit of innovation, is poised to navigate uncharted territories. As Ripple's success translates into industry-wide growth, we find ourselves on the brink of a revolution that will redefine the very fabric of our financial systems. 💫🌍

Conclusion: 🌟 Ripple's monumental win with XRP sends shockwaves through the entire crypto community, signifying a collective triumph. With regulatory clarity, market confidence, and a renewed spirit of collaboration, we stand united and ready to shape the future of finance. Embrace the transformative potential unleashed by Ripple's victory, as we forge ahead into a future where the possibilities are limitless. Together, let's ride this wave of success and propel the entire crypto community to unprecedented heights! 🚀🔥 #Binanceturns6 #XRP #BTC #ETH #SHIBAINU $BTC $ETH $XRP