XRP Price May Drop 40% in September

#XRP is currently reflecting a trend from April to June 2021 that preceded the price drop by 65% ​​in the following months.

The double-digit percentage gains for $XRP this month may have reached the point of exhaustion, mirroring trends elsewhere in the cryptocurrency market.

This follows the euphoria surrounding the partial victory of #Ripple against the Securities and Exchange Commission of #EEUU , which has led to bullish price predictions of up to $15 in the coming months.

However, fractal analysis of recent XRP price momentum and candle patterns hints at a strong market correction.

XRP Price Fractal Preceded 65% Drop

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Hamster Kombat: Learn Everything About the Airdrop of the Most Popular Game on Telegram
The most popular game on Telegram is planning an airdrop via The Open Network (TON)—and Hamster Kombat has hinted at tips for bigger profits.

Hamster Kombat has taken over from Notcoin, leading the next generation of cryptocurrency games on Telegram while apparently attracting a huge number of players—more than 150 million, the game's developers recently claimed amid a flurry of excitement on social media.

What is motivating players to get into the game that combines simple tapping mechanics with strategic moves as you take on the role of a hamster CEO of a cryptocurrency exchange? Of course, the next airdrop!

We've been tuning in to the excitement of Hamster Kombat over the past few weeks here at Decrypt's GG, and we've got both concrete details and clear clues about what to expect from the release, where, when, and how to put yourself in the best position to earn the most tokens. .

Here's everything we know so far. And always come back, as we plan to update this news as more details are confirmed.

Hamster Kombat Token

Hamster Kombat announced in late May that it will launch a token on The Open Network (TON), a layer 1 blockchain that was originally created by Telegram years ago before development continued externally by the community.

It's the same chain that Notcoin launched its NOT token on, and which has become the largest gaming token launch this year, with a peak market cap well over $2 billion. Amid the excitement over Notcoin and growing hype for Hamster Kombat and other games on Telegram, Toncoin (TON) has risen to be among the top 10 cryptocurrencies in terms of market capitalization.

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Hamster Kombat Crypto Game on #Telegram Sparks Debate Amid Iran's Political Climate

In Iran, taxi drivers, motorcyclists and pedestrians are glued to their smartphones, playing the crypto game “Hamster Kombat.” Users access the Tap-to-Earn video game through the messaging app Telegram, which remains popular in Iran despite government lockdowns.

This game has captivated a diverse audience, from builders and mechanics to college students.

Hamster Kombat: A soft war by the West against Iran?

Hamster Kombat is an incremental or “clicker” game where users earn points through repetitive tasks. Amid economic uncertainties and promises of revitalization by presidential candidates, Iranians are increasingly drawn to these apps.

According to Amir Rashidi, director of digital rights and security at Miaan Group, this trend means desperation.

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CryprIranian officials denounced that "Hamster Kombat" is a distraction tool

The deputy head of the Iranian army claimed that the game was a way to distract Iranians from the country's upcoming presidential elections.

The growing popularity of the play-to-earn blockchain game "Hamster Kombat" has drawn strong criticism from Iranian government officials and conservative sectors, who claimed that the simple play-to-earn tapping game is an instrument of projected soft power by Western nations.

Habibollah Sayyari, the deputy head of the Iranian army, claimed that the game was aimed at distracting the Iranian population from the country's upcoming elections. Sayyari's comments were backed by religious authority Ayatollah Nasser Makarem Shirazi, who characterized the entire cryptocurrency field as rife with fraud.

Blockchain games: an economic lifeline for developing countries?

These comments from Iranian officials fail to recognize the dire financial situation many Iranians find themselves in, while the country is plagued by Western sanctions and runaway inflation. To put Iran's economic woes into perspective, the current exchange rate is 1 US dollar per 580,000 Iranian rials.

Such difficult economic conditions have been a catalyst for the emergence of blockchain games in developing countries. The NFT game Axie Infinity is a case study of this new phenomenon. At its peak, Axie players reported earning up to $1,300 a month playing the game, a significant source of income in developing countries.

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No need, we buy bitcoin: the response to the promises of the digital euro
While the European Central Bank presents the technical details of its digital currency, users do not hesitate to express their rejection of the project.

The word #Bitcoin with its characteristic logo became the dominant response to a post that the European Central Bank (ECB) published on X this June 24. In its message, the organization presented the progress made in the development of the digital euro, the central bank currency (#CBDC ) of the European Union.  

In this way, the ECB extends a series of explanations about the design of the CBDC, exposing the characteristics that would make it attractive to the public, while users of the social network criticize the authorities' insistence on moving forward with the project.  

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On the way to de-dollarization, “bitcoin will be the new world currency”
Jack Dorsey, CEO of Block Inc., believes that bitcoin will replace the dollar due to global economic problems.

Jack Dorsey, CEO of the Block company, does not speak directly about de-dollarization, but he does show that he believes that this process is underway. What he does say he is firmly convinced of is that bitcoin (BTC) will replace the dollar as the world's reserve currency.

During his speech at a live event in Italy, Dorsey detailed the reasons why he considers bitcoin to be the best money currently available, which is why it has a promising future that makes it the new world currency.

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Tokens that offer indirect exposure to the Treasury bonds of the largest economic power, the United States, have gained great traction. So far in 2024 alone, the value of these cryptoassets in circulation went from less than 720 million to 1.5 billion dollars (USD).
With this doubling of value, this market niche shows the relevance that real world assets (RWA) are taking on. This term refers to those tokens that represent traditional assets, be it real estate, precious metals, bonds such as this case, among others.

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CONCILIUM DISRUPTIVE TOKEN announces the PRE-SALE of its $CONCILIUM token / BUY NOW 100x COMING SOON

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Michelle Bond creates a crypto think tank

Contributions to Michelle Bond's 2022 congressional campaign were part of a criminal investigation against her partner, Ryan Salame.

With her partner set to go to prison in 70 days following his sentencing related to the fall of FTX, Michelle Bond announced the launch of a cryptocurrency-focused think tank in Washington, DC.

In a June 20 announcement, Bond said he had helped launch the Digital Future think tank. According to his LinkedIn profile, the think tank is one of the first professional experiences Bond has listed since the collapse of cryptocurrency exchange FTX. Contributions to her 2022 campaign for the U.S. House of Representatives related to the company became part of the charges against her partner, Ryan Salame, the former co-CEO of FTX Digital Markets.

According to Bond, the think tank will focus on helping create a “favorable regulatory environment” for fintech, digital assets, and artificial intelligence (AI) in the United States. He added that US lawmakers “have yet to pass meaningful and impactful legislation on cryptocurrencies and AI.”

Before the collapse of FTX, Bond was CEO of the Digital Asset Markets Association. She has also been CEO of Capitol Advisory since 2023, a “consulting firm that assists fintech companies with regulatory, legal and public policy issues and advice,” and served as an advisor to the US Senate Banking Committee of 2011 to 2012.

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The TON network marks a new milestone in deposited money
The Open Network now hosts over $600 million worth of different cryptocurrency and token protocols and dApps.

The Open Network (TON) has marked a new milestone so far in June, increasing the total value locked (TVL) by 75%.

Currently, TON hosts over $600 million in deposited money, solidifying its position in the #Criptomonedas ecosystem, as detailed by DeFiLlama data.

In early June, #TON surpassed the Ethereum network in terms of active addresses, indicating increased user interaction. This increase in activity is reflected in the volume of transactions, which increased from 4.5 million to 6 million daily at the end of May.

This growth has been driven by the performance of various protocols that are part of the TON ecosystem.

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El nuevo #Worldcoin ???

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$BTC $ETH $BNB The new #WorldCoin with facial recognition!!

The#KcPayplatform marks a major advancement in the fintech sector as it provides a comprehensive blockchain solution. The core of the platform is the integration of cutting-edge artificial intelligence and blockchain technology, with the aim of providing users with a secure and efficient digital asset management experience.
◉ WEB3 Encrypted Facial Recognition Wallet: This is an innovative technology that combines the tamper-free features of biometric technology and blockchain to provide new guarantees for the security of users' assets.
◉ AI-powered Pledge Earning System – Use advanced AI algorithms to optimize asset pledging strategies, aiming to improve investment efficiency and profitability.
◉ Independent research and development of facial recognition public chain technology: Innovation ensures transaction security and user privacy protection, while improving the accessibility and ease of use of the blockchain system.
◉ Decentralized exchange: Through the share-based community membership model, users can participate and benefit from the growth of the platform, while maintaining the fairness and transparency of transactions.
◉ Global Cross-Border Trade Payments and Settlement Center – Designed to simplify cross-border transactions, reduce transaction costs, and improve the efficiency of global payments.

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The Governor of the Bank of #España and his warning for the future of Europe

Pablo Hernández de Cos resigns as governor of the Bank of Spain, marking an era of economic resilience and adaptability in the midst of crisis.

The recent resignation of Pablo Hernández de Cos from the position of governor of the Bank of Spain represents a decisive moment in the country's economic history. Under his leadership, the Bank of Spain not only had to navigate the turbulent waters of the global financial crisis, but also faced the unprecedented challenges posed by the Covid-19 pandemic.

Hernández de Cos' management has been a significant period in the economic history of Spain, marked by the implementation of policies aimed at stability and recovery in times of uncertainty. Its focus on adaptability and foresight in the face of structural changes, such as the rise of teleworking, has proven crucial in mitigating impacts on the economy.

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