Bitcoin (BTC) has surged past $64,000, having been incredibly bullish as buyers return to the market. BTC’s recent surge indicates strong demand at lower levels, with the cryptocurrency recording weekly inflows of over $1.3 billion, according to data from CoinShares.

BTC and other major altcoins could register significant upward movement should the bullish sentiment continue, potentially even reaching new all-time highs.

Major Cryptocurrencies Record Significant Inflows

Bitcoin (BTC) has rocketed over 12% during the past seven days as bulls returned to the market, driving the prices of major cryptocurrencies higher. The world’s largest cryptocurrency recorded the fifth largest weekly inflows at $1.35 billion. At the same time, Ethereum (ETH) saw weekly inflows worth $72 million as anticipation around the launch of a spot Ethereum ETF in the US builds. According to crypto analytics firm Santiment, smaller BTC traders dumped their holdings when prices dipped. On the other hand, BTC whales bought the dip, accumulating the asset in a big way. Data from IntoTheBlock showed that BTC whales purchased over 71,000 BTC during the recent price drop.

Every trader has two questions: How long will the BTC rally continue, and will it be able to set a new all-time high? Traders may be tempted to take profits near the overhead resistance, and we could see this happen this time as well. This is why BTC may find it difficult to set a new all-time high and will likely encounter significant resistance around $65,000 and $70,000 should it climb any higher.

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) has been quite bullish since the weekend, surging past the $60,000 mark. However, its bullish momentum is showing signs of waning as bears push back, with considerable selling pressure prevalent at higher levels. This is evident in the price chart, which shows BTC in the red during the ongoing session as sellers push back. After a mixed week, BTC rose by 0.99% to $57,972 in a session marred by high volatility. Buyers were able to continue controlling the market over the weekend as well, with BTC registering an increase of 1.71% on Saturday and 3.06% on Sunday to end the weekend above $60,000. Sunday’s increase also saw BTC push above the 200 and 20-day SMAs to settle at $60,750.

Source: TradingView

The current week began with an impressive surge of 6.63% for BTC. This saw the price surge past $64,000 and settle at $64,776. However, bears were expected to defend the $65,000 level, and with the expectation that some profit booking would occur, BTC fell into the red during the ongoing session as bulls lost steam. Currently, BTC is down by almost 2% as sellers are looking to push the price down to $60,000. If BTC is able to recover and push back above $64,000, we could see the price test the resistance at $65,000. A break above this level could see a rally towards the $70,000 mark.

However, if bears can push the price down further, it would indicate selling on rallies. As such, BTC could drop to $60,000.

Ethereum (ETH) Price Analysis

Ethereum (ETH) saw a significant uptick in demand near a crucial support level, leading to a notable rebound. However, bulls may have to wait a little longer to push above $3,500, with ETH currently down by 1.76%. Looking at the price chart, we can see that ETH has surged after a prolonged bearish trend, which saw the price dip to a low of $2,824. However, the price has since rebounded, reclaiming the $3,000 level. The bullish sentiment intensified in recent days, with anticipation growing around the launch of spot Ethereum ETFs.

Source: TradingView

As we can see in the price chart, after experiencing significant volatility on Thursday, ETH was able to push above the 200-day SMA on Friday, rising by 1.12% to $3,136. The weekend saw bulls continue to control the market, with ETH rising by 1.34% on Saturday and 2.17% on Sunday to settle at $3,247. Sunday also saw ETH push above the 20-day SMA, a crucial level. ETH began the current week with a 7.37% surge as bulls eyed the $3,500 level and a move above the 50-day SMA. However, with intense selling pressure at $3,500, bulls began losing momentum, and ETH settled at $3,486. The current session sees ETH down by 1.55% as buyers look to push ETH back towards the 20-day SMA.

If bulls are able to regain control, we could see ETH push above $3,500, a level not seen since May. However, should sellers continue to push ETH lower, we could see a drop to $3,000 or $2,850.

Solana (SOL) Price Analysis

Solana (SOL) surged past the $150 mark on the back of growing optimism and market strength. The cryptocurrency is currently trading above the 20,50, and 200-day SMAs but is down by just over 2% during the current session. However, it has seen a noticeable jump over the weekend, which has fueled its ascent to above $150. SOL registered a jump of 2.78%, which saw it move above the 200-day SMA to $139.60. Saturday saw another increase, which pushed SOL above the 20-day SMA to $142.04, while a 4.05% increase on Sunday saw SOL settle at $147.79, just below the 50-day SMA.

Source: TradingView

SOL surged past the 50-day SMA and $150 on Monday, registering an increase of 7.93% to $159. However, it faced significant resistance at $160 and, as a result, has seen a drop during the ongoing session. Currently, SOL is down by 3.30% and is trading at $154. If the price remains above $150 and consolidates, we may see SOL test of $160 again. A break past this level could start a rally to $170 and above. The RSI is currently sitting at 56, indicating neither overbought nor oversold conditions, giving SOL room for upward price movements.

Cardano (ADA) Price Analysis

Cardano (ADA) has spent the previous week steadily climbing towards $0.45. The cryptocurrency broke above the 20-day SMA on Wednesday when it rose to $0.38. By Friday, ADA had pushed above $0.40 after an increase of 6%, settling at $0.41, just below the 50-day SMA. It was able to move above the 50-day SMA on Saturday when it registered an increase of 6% to move to $0.44. However, with strong resistance at $0.45, sellers were able to push ADA down to $0.43 on Sunday, a drop of 2.26%.

Source: TradingView

The current week began with buyers attempting to push ADA above $0.45. However, they were unable to do so, and ADA settled at $0.44 once again. The current session sees ADA down by 2.39% with sellers in control. If ADA is able to break out and consolidate above $0.45, we could see a rally toward $0.50. However, if sellers retain control of the markets, we could see a drop to $0.40.

Avalanche (AVAX) Price Analysis

Avalanche (AVAX) has witnessed considerable volatility over the past week as it attempted to move above the 20-day SMA, acting as a dynamic resistance level. AVAX was able to stay above $25, trading in a narrow range during the previous week. AVAX registered an increase of just above 3% on Friday, rising to $25.99. However, it was back in the red on Saturday, falling marginally before rising by 1.87% on Sunday to end the weekend above $26.

Source: TradingView

The current week began with bulls pushing AVAX above the 20-day SMA, as the price broke above this level and moved to $27.84 after an increase of 5.61%. However, bulls lost momentum as the price got closer to $30, with AVAX back in the red during the ongoing session. AVAX is currently down by 3.36% and trading at $26.89. Looking at the price chart, we can see that AVAX is experiencing considerable volatility, as indicated by the Bollinger Bands. If sellers push AVAX lower, it could slip below the 20-day SMA and move down to $25.

Uniswap (UNI) Price Analysis

Uniswap (UNI) has registered a sharp drop, down by almost 7% during the ongoing session. UNI was quite bullish over the weekend, registering considerable gains as the crypto markets turned bullish. The cryptocurrency pushed above $8 on Friday after an increase of 3.28%, settling at $8.09. The weekend saw UNI continue to be bullish, rising by 0.99% on Saturday and 2.80% on Sunday to $8.60, settling just below the 20-day SMA. UNI broke above the 20-day SMA on Monday, rising to $8.60.

Source: TradingView

However, UNI was unable to push higher, and bearish sentiment returned during the ongoing session as the price faced strong resistance at higher levels. Currently, UNI is trading at $8.05, down by over 6%. If sellers continue to control the session, UNI could be pushed below $8. UNI faces several critical resistance levels that it must overcome for a sustained push upwards. These levels are $8.60, $9, and $9.50.

Cosmos (ATOM) Price Analysis

Cosmos (ATOM) has recovered well after dropping to a low of $5.09 on July 5. Over the past week, the cryptocurrency has registered an increase of over 8%, although the current session has seen the escalation of selling pressure. ATOM reclaimed $6 on Friday after a 3.59% increase, which saw the price move to $6.15. The weekend saw only marginal increases of 0.92% on Saturday and 0.24% on Sunday, leaving the price at $6.23, just below the 20-day SMA. ATOM surged past the 20-day SMA on Monday, rising by 4.41% and reaching a crucial level at $6.50.

Source: TradingView

However, it faced considerable selling pressure at this level and, as a result, fell back into the red during the current session. The current session sees ATOM down by just over 3%, with the price at $6.29. If ATOM continues to be bearish, we could see a move back to $6. If it is able to consolidate above $6, it indicates demand at lower levels. To alleviate the selling pressure, ATOM must consolidate above the 20-day SMA and push above $7 and the 50-day SMA.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Polygon (MATIC) Faces a Sharp Decline

Recently, Polygon (MATIC) experienced a significant 22% drop in value.

Current market trends suggest it could decline further, potentially reaching $0.30.

Solana Also Under Pressure

Solana has faced setbacks in its market value, echoing the downward trends seen in Polygon.

Spotlight on Pawfury (PAW)

Presale Success: Pawfury (PAW) has emerged as a particularly promising investment, with a successful presale demonstrating strong investor confidence.

Market Potential: Market analysts suggest that Pawfury (PAW) could be the next Shiba Inu or Dogecoin, given its growth potential and community-driven development.

Comprehensive Ecosystem: Pawfury offers a range of features including decentralized applications (dApps), a vibrant NFT marketplace, and high-yield staking opportunities.

Future Projections: Expectations are high for its value to hit $5 by 2025, with anticipated exchange listings forthcoming.

Bonus Offer: Use the code PAWBONUS10 to receive a bonus on purchases, adding an extra incentive for early buyers.

BlockDAG Shows Exceptional Growth

BlockDAG has seen a remarkable 1300% increase since its initial presale.

The current coin price is $0.014, with projections suggesting it could reach $1 by its Mainnet launch in four months and possibly $30 by 2030.

Other Positive Market Trends

Helium and ApeCoin: Positive trends have also been observed with these cryptocurrencies.

Hedera (HBAR): Recently entered into a partnership with the UK College of Business and Computing amid prevailing market skepticism.

While attention-grabbing projects like Pawfury (PAW)  demonstrate massive potential and garner strong community support, underlining the vibrant and dynamic nature of the cryptocurrency ecosystem, it is important for users to conduct their own research for more information about Pawfury (PAW). Visit the Pawfury Website https://pawfury.com  and follow them on Twitter https://x.com/Paw_Fury

 

Stay updated on these trends to make informed investment decisions!

 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

BlockDAG (BDAG) continues to impress as the top bullish crypto amid the news of its upcoming CEO and team reveal on July 29th, fostering deeper community engagement and transparency. This reveal is anticipated to spike the price by 40%, reflecting growing investor confidence. Cosmos transactions have faced temporary suspensions due to network upgrades, impacting investor activity. Meanwhile, BNB is experiencing a bullish trend, showing strong investor interest.

Despite these developments, BlockDAG stands out with its innovative ecosystem and rapid presale surge. BlockDAG has amassed $58.2 million from selling 12.1 billion coins in 20 presale batches. This positions BlockDAG as the ultimate choice for investors seeking cutting-edge technology and strong leadership in the crypto space.

Cosmos Transactions Suspended for Network Upgrades

Upbit has announced the suspension of Cosmos (ATOM) transactions due to network upgrades, effective from July 17, 2024. This suspension affects ATOM deposits and withdrawals, with no clear timeline for resumption. Investors are advised to avoid ATOM transactions during this period to prevent potential issues with asset reflection and returns.

Similarly, Sei (SEI) transactions will be halted from July 15, 2024, due to network upgrades. Binance will also perform wallet maintenance on July 17, suspending all network transactions temporarily. The resumption of Cosmos (ATOM) transactions will depend on network stability post-upgrade.

BNB’s Bullish Trend: Resilience Amidst Market Volatility

BNB has shown resilience amidst market volatility, reflecting a strong BNB bullish trend. After defending the $460 support, BNB's price faces resistance at the 100-day EMA of $561. If the price surpasses this level, it signals the end of the corrective phase, potentially rising to $597 and $635, marking a 19% increase.

However, a downturn could see it fall below the 200-day EMA at $500, targeting the $495 support. The market's current conditions still indicate a BNB bullish trend, with the potential for significant gains if resistance levels are breached.

BlockDAG’s Mega Team Reveal to Boost Community Engagement

BlockDAG is set to enhance community engagement with its upcoming events significantly. On July 29th, BlockDAG will reveal its CEO, Executive Team, and Advisory Board, providing the community with a unique opportunity to meet the leadership driving this promising crypto project.

This landmark announcement will highlight the academic and professional credentials of the team, fostering a deeper connection with the community. Following this, an 'Ask Me Anything' (AMA) event is scheduled for July 30th, where the CEO will address trending community questions live, further promoting transparency and engagement. 

These events have generated substantial excitement within the crypto community, increasing participation and investment in the presale. The big reveal and subsequent AMA session are set to catalyze a presale price hike, reflecting the growing investor confidence in BlockDAG as the top bullish crypto.

Moreover, the BlockDAG ecosystem is at the forefront of innovation, integrating Proof of Work (PoW) with protocols for Transaction Issuance, Conflict Resolution, PoW Verification, and Consensus Establishment. This hybrid approach ensures high transaction throughput and fast confirmations. Its DAG Formation algorithm and Low Code/No Code feature simplify decentralized application development, enhancing mining efficiency with ASIC miners. Supporting staking and secure peer-to-peer transactions, BlockDAG positions itself as a leader in decentralized finance, making it an attractive option for investors.

Key Takeaways

BlockDAG's innovative ecosystem and the much-awaited upcoming CEO and team reveal, are all set to spike prices by 40%, solidifying its position as the top bullish crypto. The project has already amassed $58.2 million from selling 12.1 billion coins in Batch 20, demonstrating strong investor confidence.

Meanwhile, Cosmos transactions face temporary suspensions due to network upgrades, and BNB continues its bullish trend, reflecting robust market interest. Despite these developments, BlockDAG remains the ultimate choice for investors seeking cutting-edge technology and strong leadership in the crypto space.

Join BlockDAG Presale Now:

Website: 

Presale: 

Telegram:

Discord: 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

 

The global economy is changing and the cryptocurrency markets are receiving more attention than ever. Learning has become one of the essential parts for success in a professional career nowadays. Crypto trading and investment have become highly sought after fields that require specialized training, particularly in the light of this new market. For this reason, trading courses have evolved as an important resource for those intending to develop their careers in finance, investments and crypto portfolio management. This article will examine how these courses can transform a person’s life in trading and what they contribute to professional development.

Crypto Trading Training is Valuable

Trading cryptocurrencies, stocks, fiat currencies, or derivatives, require deep knowledge about the market dynamics, technical as well as fundamental analysis skills together with quick decision making ability based on informed choices. These constructivist methods allow participants to acquire important skills required for them to be able to confidently invest into the stock exchange.

One of the most noticeable advantages of trading courses is the acquisition of technical skills. These participants learn about technical analysis tools, price charts interpretation, and market indicators. They also get to know about crypto prices’ fundamental analysis which looks at such things as the market cap of tokens or other metrics such as daily volume or active wallets that might influence token prices. Any professional who wishes to have an informed view on crypto investments and portfolio management must possess these skills.

Successful crypto trading requires not only updated knowledge in the field and the blockchain developments, but also a good decision making ability that should be quick and effective. The trade schools often have simulations and practicals where these participants can practice decision making in a controlled environment. This enhances their technical skills and builds confidence as well as stress management abilities which are important factors given the volatility in crypto as well as in other financial markets.

The third point is that trading courses serve for comprehensive financial education apart from just technical and decision-making skills among trainees. Familiarity with terms like diversification, risk management, psychology of trading not only improves decision making abilities but also encourages more consciousness on investment risks and rewards associated with such theories as diversification –widely applicable to cryptocurrency investment.

It is important for professionals to know how to manage their personal finances and provide quality advice to clients, under a higher level of competence and ethics. Trading courses have long-term effects on investment behavior which leads to informed decisions.

Career Advancement and Career Opportunities

When it comes to advancing the career in crypto, DeFi or Web3, finishing a trading course can be really helpful and open numerous doors.

Primarily, the knowledge that is gained through a trading course has broader applications in many specialized areas within cryptocurrency and finance. Particularly, financial analysts, investment consultants and portfolio managers would find technical and decision-making skills acquired therein very useful. Moreover, trading knowledge is highly sought-after in risk management or financial planning positions where an understanding of the markets as well as being able to forecast price movements are crucial.

Furthermore, many trading courses such as Adithan.com offer recognized certifications that can improve the professional profile of the participants. These certifications act as a validation of the acquired skills and knowledge, and can be a differentiating factor in a competitive labor market. Employers value certifications as evidence of commitment to professional development and the ability to apply specialized knowledge on the job.

Networking opportunities are also offered by these training sessions. Often participants may get a chance to meet people in relevant communities, experienced teachers or even like-minded students. This way meaningful professional relationships that include both mentorship programs and job offers can easily happen. Additionally, developing networks forms an integral part of any career growth, and trading courses can be an excellent starting point for building a strong network in the crypto and financial sector.

Long-Term Impact on Adaptability and Continuous Learning

The effects of trading courses on an individual’s career are more than just the immediate acquisition of skills and certifications. Nevertheless, its importance in developing long term growth and adaptability in this ever changing industry cannot be ignored.

Economic, political and technological factors make cryptocurrency markets a dynamic playing field for investment. Cryptocurrency is one such market that is highly volatile with regard to its technological advancements as well as being at the forefront of innovation – which means it is considered a very volatile asset that many people are afraid to invest in. People who have successfully gone through these training sessions can easily adapt to changes as they come while updating their knowledge all through their professional life. Being able to keep pace with new developments happening in the markets is critical for long-term success in finance.

Conversely, specialized knowledge on crypto trading and investment management might also result in improved earnings potential. Individuals with advanced expertise in these fields are highly sought after and thus have access to well-paying jobs. Additionally, there can be increased career satisfaction because these classes help people make better decisions based on information which makes them more successful investors who manage their portfolio investments effectively.

Don’t Hesitate and Don’t Delay

In conclusion: trading courses have a significant impact on career advancement in the field of cryptocurrency trading and investments. These courses provide their participants with the technical and decision-making skills necessary to navigate the complex crypto markets as well as other financial markets. What’s more important, they open up a variety of career opportunities and contribute to continuous development and adaptability in a dynamic and changing sector. For those looking to advance their careers in crypto trading and finance, enrolling in a trading course can be a transformative or, in hindsight, even a life-changing decision.

On a side note, it is important to acknowledge that trading courses not only benefit individuals, but also add value to organizations. Financial companies, asset managers, funds and exchanges that invest in the training of their employees through these courses can significantly improve their ability to compete in a global market. Continuous trading training ensures that teams are equipped with the latest strategies and knowledge, which can result in increased operational efficiency and better financial results.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

The Dogecoin price is up 5% today on Monday as part of the broader market recovery. It is currently trading at $0.12, with a market capitalization of $17 billion. 

However, popular crypto analyst Yellow Trades - who has over 59k followers on X - believes that the DOGE price could be on the cusp of a 4x rally. Indeed, he expects the top meme coin to reach $0.51 in the coming weeks. 

In fact, Yellow Trades projects that doge-themed meme coins are set to make a comeback in the upcoming crypto bull market. For instance, he believes that a new play-to-earn meme coin PlayDoge could potentially deliver 20x returns after its launch. 

Dogecoin Price To $0.51?

Despite the crypto crash over the past few weeks, the Dogecoin price chart is still showing significant bullish strength. 

Indeed, the top meme coin successfully defended the $0.106 support level, despite several retests. 

$DOGE / $USD - Update I am in a long as of $0.102c .. Only while we are above that level too pic.twitter.com/tdmghLhRs9

— Crypto Tony (@CryptoTony__) July 15, 2024

Technical analysis platform TradingView is also giving a buy signal to DOGE in the 4-hour time frame. 

It does not mean that the meme coin is out of the danger zone, especially if Bitcoin slips below $60k. Indeed, the bulls would now look to flip the 200-day simple and exponential moving averages, both of which are currently hovering near the $0.13 price mark. 

However, experts are bullish on Doge in the long term, especially after the failed assassination attempt on former President Donald Trump. 

Elon Musk Supports Donald Trump

The odds of a Trump presidency have shot up, with billionaire Elon Musk publicly throwing his weight behind him. Several reports have already claimed that Trump and Musk have had deep discussions about crypto policy and that the latter can find an advisory role in the Trump administration. 

It is no secret that Dogecoin is Musk’s favourite cryptocurrency. Consequently, the increasing odds of a Trump presidency could provide a massive boost to its price in the coming weeks, potentially taking it to the $0.51 price mark. 

In fact, several crypto analysts believe that the Dogecoin price could hit the $1 mark during this bull cycle. 

DOGE to a dollar is programmed pic.twitter.com/I7dJhHCbYN

— K A L E O (@CryptoKaleo) May 24, 2024

After all, the upcoming launch of spot Ethereum ETFs is expected to provide a significant boost to altcoins, including Dogecoin. Furthermore, the Federal Reserve appears set to cut interest rates starting September, which could offer fresh legs to the bull market. 

Considering that meme coins have already proven themselves to be the most in-demand assets during this bull cycle, the market leader DOGE can be expected to deliver outsized returns. 

Could PlayDoge Be The Next Meme Coin To Explode?

As previously mentioned, Yellow Trades believes that PlayDoge can potentially deliver 20x returns. 

Surprisingly, his price prediction is on the more conservative side, with others even hinting at the possibility of 100x returns. 

Indeed, PlayDoge is already seeing strong early demand, raising over $5.6 million in its ICO. 

As such, investors are on the lookout for GameFi meme coins, following the success of Notcoin and Hamster Kombat. 

PlayDoge has done well to capture this demand with its Tamagotchi-styled play-to-earn game, in which gamers get to own the iconic Doge character as their virtual pets. The gameplay is as simple as Hamster Kombat’s tap-to-earn concept, with players responsible for feeding and training their pets. 

Most importantly, they can complete a series of classic 2D games to win free crypto, in the form of additional PLAY tokens. Players with the most experience points will get bonus rewards as well. 

If this isn’t enough, the PlayDoge staking pool is offering lucrative yields on both the BNB Smart Chain and Ethereum, much higher than the industry standard. 

Interested buyers can visit the PlayDoge website and use the over-the-counter widget to buy this new meme coin. 

Visit PlayDoge Presale

 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Since the advent of cryptocurrencies, the idea of a digital asset tied to the value of fiat 1:1  seemed to be a no-brainer. Despite a few regulatory battles, fiat-backed tokens, known as stablecoins, have exploded as a concept. 

With time, stablecoins have revolutionized fiat transfers, but some of them remain inaccessible to the average user due to technical barriers and high fees imposed by centralized platforms. Despite their promise of stability, existing stablecoins have suffered from volatility, market manipulation, and a lack of transparency, eroding user confidence.

This year, one stablecoin, Sunami Network’s SUUSD token, has emerged as a solution to most problems associated with stablecoins.

What is SUUSD?

Built with liquidity and passive income in mind, SUUSD is a stablecoin for the everyday user. Unlike many of its competitors, SUUSD holders can earn yield on their tokens without locking them away. This availability means holders can spend SUUSD as they see fit while generating passive income.

Earning through SUUSD demands no special skill. SUUSD handles the entire process. The user’s only job is to deposit their existing stablecoins, such as USDC or DAI, into SUUSD’s 1:1 asset pools. From there, SUUSD will lock up the tokens for 14 days while converting them to the SUUSD token. 

How Does SUUSD Generate Yield?

SUUSD brings yield through reinvesting a holder’s assets into other yield-generation platforms, such as Yearn Fi, to provide users with a high annual percentage yield. During this time, users can still trade or use their tokens for other means, capitalizing on SUUSD’s promise of complete liquidity. As a result, they can invest in other DeFi networks and contribute to a healthier crypto ecosystem.

Users retain complete control of their assets, and they can claim yield rewards at any time without withdrawing their stablecoins. They can also convert SUUSD back to their original stablecoins at a 1:1 ratio. 

For stability, Sunami Network collateralizes SUUSD through its unique protocol, which ties it to the US dollar. Otherwise, the protocol’s automatic reinvesting into other yield-generation protocols provides it with additional stability. By decentralizing its collateral, SUUSD prevents a single point of failure — solving a problem that other stablecoins failed to anticipate. 

In line with their focus on accessibility, a user can connect to the Sunami Network through their Metamask wallet. 

Leading the Stablecoin Charge

As with any new technology, the earliest innovators encounter problems that the later ones eventually solve. In this case, Sunami Network is running where coins like Tether have walked, and it’s doing so with an exceptional pledge. 

Supporting SUUSD promises additional liquidity for developers and a more accessible experience for everyday crypto holders. By allowing SUUSD holders to earn interest on their holdings without reducing liquidity, Sunami Network fulfills crypto’s original intent: financially empowering the everyday user.

Additionally, SUUSD’s innovative approach to collateralizing stablecoins promises stability while remaining independent from a centralized entity, making it the first truly user-centric stablecoin.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Investors must look for alternative investments in the volatile crypto market to make substantial profits. Husky Inu ($HINU) is a new Solana-based memecoin with unique features that prime it for significant future growth.

 The hyper-competitive crypto market offers investors various investment opportunities, with new projects launching every day. While new projects come to market from every corner, finding the right one is a challenging task. Husky Inu ($HINU) is a new memecoin based on the Solana blockchain, which may just be that hidden gem you’ve been searching for. 

A Needle in a Haystack

Memecoins have had a tremendous run in 2024, with projects Dogwifhat ($WIF), Shiba Inu ($SHIB), and Bonk ($BONK) providing investors with substantial returns. With so many new projects launching daily, investors must look carefully for the unicorn. 

Become a Millionaire with Husky Inu ($HINU)

Husky Inu ($HINU) entered the crypto space with a bang and is quickly becoming a strong contender against established memecoin giants like Dogwifhat ($WIF), Shiba Inu ($SHIB) and Bonk ($BONK). Husky Inu is the newest member of the Solana ecosystem and the new best friend of $SHIB. The project is on a mission to conquer the memecoin market, aiming to add value and utility to its holders and users. Husky Inu and its native token, $HINU, are building a supportive community with innovative features and enhanced rewards.

Husky Inu recently launched the presale for $HINU with tremendous success. Its early success and the warm welcome from its community predict immense future potential for the project. Husky Inu is working on exciting things, including an Earn App and a Decentralized Exchange. The Earn App will reward users with $HINU tokens for engaging with the project, while the DEX will facilitate decentralized trading to improve utility and value for $HINU holders. 

Dogwifhat ($WIF) is Unlikely to Disappoint

Dogwifhat ($WIF) is another memecoin that is poised to give investors tremendous returns. $WIF became one of the hottest memecoins in the market, with significant gains in recent months, even reaching a high of $4.83. While it is nowhere near its previous high, $WIF stabilized after recent market downturns and appears ready for another profitable run. 

Bonk ($BONK) Goes Bonkers

Bonk ($BONK) is an incredibly popular memecoin in the Solana ecosystem and boasts an impressive market cap exceeding $1.5 billion. Bonk is also the first dog-theme token to join the Solana blockchain. 

Husky Inu’s Buddy: Shiba Inu ($SHIB)

Trusty old Shiba Inu ($SHIB) is one of the top-selling memecoins with a market cap exceeding $9 billion. $SHIB is a decentralized community-led project, and one of its claims to fame is its tagline, “Dogecoin Killer.” Shiba Inu is the second most popular memecoin after Dogecoin ($DOGE). 

What’s So Great About This Hidden Gem?

Husky Inu stands out from the crowd thanks to its commitment to a reliable token ecosystem through a carefully crafted distribution model and capped maximum supply.

Husky Inu boasts unique features, including:

Capped Supply: The total supply of $HINU tokens is limited to 100 billion to ensure scarcity and value retention.

Deflationary Mechanism: 50% of all Husky Inu Exchange and DEX platform fees will be used to buy back and burn $HINU tokens to reduce the circulating supply over time.

Early Investment Access: Husky Inu successfully launched the $HINU presale, allowing early backers to buy their stake at just $0.00007500 per token. 

Buying $HINU tokens is simple; investors should rush over to claim their stake!

Visit the following links for more information on Husky Inu:

Website: Husky Inu Official Website

Twitter: Husky Inu Twitter

Telegram: Husky Inu Telegram

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

FTX, the collapsed cryptocurrency exchange led by Sam Bankman-Fried, is set to distribute $16 billion in cash to customers as part of an agreement with US government agencies. The influx of funds could drive up prices in the crypto market, with a focus on tokens like Bitcoin and Solana. Meanwhile, emerging opportunities like Pawfury’s presale success signal potential growth and a 15,000% ROI by 2025.

FTX, a cryptocurrency exchange that collapsed in November 2022 under the leadership of Sam Bankman-Fried, is set to distribute $16 billion in cash to its customers. This distribution is part of an agreement with US government agencies, where assets acquired with misappropriated funds were sold, including investments in cryptocurrencies, tech companies, venture funds, and real estate.

Crypto researcher Xremlin anticipates that a significant portion of this cash will be reinvested into the crypto market, specifically in tokens like Bitcoin (BTC) and Solana (SOL), potentially driving their prices upward. Additionally, FTX has found $6.4 billion in cash from the sale of shares in AI startup Anthropic, along with other assets controlled by debtors and liquidators.

Interestingly, amidst the broader crypto landscape, new opportunities are emerging. Pawfury (PAW) has raised $4.23 million in its presale, positioning itself as a significant player. With the current price at $0.01043, analysts foresee Pawfury reaching $5 by the end of 2025, suggesting a remarkable 15,000% ROI. The buzz around Pawfury is amplified by upcoming listings on major exchanges, enhancing its accessibility and likely driving up its value.

Nonetheless, some FTX clients have expressed dissatisfaction as customer claims are being settled based on cryptocurrency prices from November 2022, which are significantly lower than current values.

Voting on the liquidation plan by FTX customers is set to conclude on August 16, 2024, with final court approval expected by October 7, 2024. If approved, payouts could begin by the end of Q3, potentially serving as a catalyst for market growth amidst current price declines in major cryptocurrencies such as Ethereum, Cardano, Ripple, Bitcoin and Solana.

For those looking to explore new opportunities in the crypto space, use promo code BONUSGAIN10X for a limited-time 10% bonus on Pawfury.

While Pawfury seems like a lucrative choice, investors should conduct their own thorough research and consider their financial situation before making any investment decisions.

For further information on Pawfury, explore:Website:Twitter:

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

The EOS RAM token has emerged as one of the best-performing digital assets in crypto, driven by a community decision to put a halt to the inflation of its supply. 

The consequent supply shock has acted as a tremendous tailwind for RAM, catapulting it into official “moon” territory as one of the fastest-growing tokens in the entire crypto industry. Since the middle of February, when RAM’s inflationary mechanism was removed, its value has shot up by an astonishing 1.111.4%, from 0.00010884 EOS to 0.00131849 EOS at the time of writing. 

RAM is now sitting pretty with a market capitalization of $317,961,184, and there are many reasons to think it won’t stop there.

What is EOS RAM?

RAM sits at the heart of the EOS ecosystem, facilitating how the blockchain’s resources are allocated to dApps on its network. It’s essentially a kind of tokenized DRAM, or dynamic random-access memory, which is used for computing tasks like storing data and machine code. DRAM is a temporary form of storage that’s used to process whatever current tasks the computer is doing - switch the computer off, and whatever data was stored in the DRAM is erased.

In the EOS ecosystem, developers are required to obtain DRAM by purchasing RAM tokens, so their dApps can perform tasks on the EOS blockchain. Wallet account balances and smart contract data are the most common kinds of information stored as RAM on EOS, and this means it’s an essential resource. With its inflationary supply cut off, it’s also proving to be increasingly valuable, as there is now only a limited amount of it. 

RAM’s rapid rise stems from a December 2023 vote that saw the EOS community adopt the BP MSIG proposal to stop RAM inflation. That was finally implemented in February, and the token has been boosted by multiple developments in the EOS ecosystem since then. 

The EOS RAM system received some significant upgrades via the system contract v3.3.0 update in March, which introduced concepts such as “Transferable RAM”, enabling network participants to swap RAM without incurring any fees, plus a new RAM Logging & Notifications feature that made it possible to determine the exact amount of bytes a single RAM token provides when purchased, as opposed to just its cost in EOS. System contract v3.3.0 also introduced a burn mechanism for RAM, adding to its price pressure and paving the way for more secure transactions via Buy RAM for Self. 

EOS Community Drives Demand

At the end of May, EOS announced it will allocate 350 million EOS as a “market enhancement”, with the bulk of those funds being used to purchase RAM on the open market to ensure it has sufficient supply available to sell to developers. 

There’s also increased demand for RAM, both from dApp developers and the EOS Network itself. A January blog post revealed the EOS EVM’s insatiable thirst for RAM, noting how it purchased around 1.8GB of EOS RAM during the most recent block to boost its memory storage capabilities to support ecosystem growth. 

Developers are equally thirsty. The incredibly popular Upland metaverse is one of the most recognizable apps on EOS. It currently utilizes 6.7GB of RAM per block to sustain its vast user base of more than 2.5 million players. Another phenomenon is the rise of “Inscriptions” on EOS, such as the RAMS project that’s focused on bringing a BTC Layer-2 solution to the EOS network, to improve interoperability between the two blockchains. NFTs on EOS EVM, based on the ERC-721 and ERC-1155 standards are also consuming massive amounts of RAM, driven by the success of projects such as EZSwap. 

The EOS Network ecosystem continues to evolve and expand and the supply cap has made RAM an extremely valuable resource, as it’s essential requirement for dApps to store data on the blockchain and execute transactions. 

So long as EOS itself is able to maintain its growth, demand for RAM looks sure to increase. EOS RAM has made incredible gains already this year, and there may well be many more to come. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In a move that sees the liquid restaking industry gain strength, YieldNest and PrimeStakedhave teamed up. The motive: provide the industry with exceptional restaking services in the DeFi sector.

With the merger, YieldNest has also announced new products that bring unmatched benefits. This includes ynLSD (through ynLSDe and ynLSDs) and ynUSDs, with added advantages for primeETH and YieldNest users.

Liquid Restaking Journey, Together

YieldNest and PrimeStaked joining hands is more than just two similar crypto protocols combining. The merger offers some very distinct advantages.

PrimeStaked users gain access to the innovative YieldNest products on the offering (and more planned), putting them ahead. Celebrating the successful merger, YieldNest is offering benefits that include a special PrimeStaked YieldNest airdrop and a YieldNest Seeds bonus.

For OETH holders who have 5 or more, YieldNest is offering a Pioneer NFT along with a lifetime 15% Seeds boost. All users will also receive AVS and Network Yields, including any AVS airdrops.

Innovative Liquid Staking Derivative By YieldNest

With the merger, YieldNest has announced new products that users can take advantage of.

The ynLSD offers users high staking returns, while still retaining the liquidity of the underlying assets. This gives them the option to take ynLSD and use them in different DeFi services. ynLSD consists of two different products, the ynLSDe, and ynLSDs.

ynLSDe caters to liquid restaking on the EigenLayer ecosystem. ynLSDe provides holders with max risk-adjusted yields and EigenLayer rewards, thanks to bespoke restaking strategies being offered by YieldNest.

The second, ynLSDs is similar to the former, but this time for the Symbiotic network. Just like its counterpart for EigenLayer, ynLSDs offers exceptional yields and rewards for the Symbiotic network.

For users who want more asset value stability, but still looking for the YieldNest benefits, can always use ynUSDs. The stablecoin liquid restaking asset from YieldNest offers returns that are adjusted for risk, while still offering a higher-than-normal yield on the Symbiotic network.

About YieldNest and PrimeStake

Backed by Origin Protocol, PrimeStaked has always kept ahead of the DeFi curve, thanks to its continual strive to innovate.

Known for its groundbreaking DeFi services that are focused on max risk-adjusted returns, YieldNest has made a name for offering solutions like isolated liquid restaking tokens.

Backed by esteemed backers, YieldNest has the support of Michael Egorov (Curve Founder), Sam Kazemian (Frax), Steve Kokinos (Algorand), and many others.

YieldNest’s DAO Future

In its bid to be a self-sustaining and self-controlled ecosystem, YieldNest is striving to become a DAO in the future, with sub-DAOs for an effective community-controlled system. With governance within their hands, the users will have control over issues such as voting on proposals, or putting forth new ones.

Led by industry leaders and veterans, this transformation will see YieldNest become one of the top liquid restaking platforms.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

The crypto market is on the up over the last week or so, with Bitcoin rallying more than 15%, and some altcoins doing even better. A pull-back may be on the cards in the short term, but once this is over, $SOL, $BNB, and $WIF, have the potential to be excellent plays going into the next weeks and months.

The crypto recovery certainly looks to be on. There is still the possibility that the recent rally could be strongly rejected from current levels, and that the whole thing could be one big bull trap. However, the odds are that any bearish price action from here could be short-lived, and that Bitcoin’s bullish surge will succeed in lifting all boats.

Three altcoins showing future promise

Among those boats are three altcoins that show much promise. Firstly, Solana ($SOL) is likely to pump into the latter part of the year, if the Firedancer validator client is integrated without major issues. Binance coin ($BNB) could potentially make hay as the bull market drives the retail crowd to the top exchanges; and Dog Wif Hat ($WIF) could maintain its run as the top performing memecoin for the last 12 months.

$SOL breaks out

Source: TradingView

Analysing $SOL in the daily time frame, it can be noted that a breakout has taken place on Monday. This is following the flipping of the $142 resistance into support on Sunday. With the short term Stochastic RSIs topping out, it remains to be seen if the $SOL price can remain outside the triangle pattern. $SOL would need to have a daily candle close above, in order to confirm this break.

Looking further out, $175 and $190 are strong resistance levels, before the local bull market high at $210, and the all-time high at $260. If Firedance is integrated without major snags, and it lives up to its lightning fast speeds and massive scaling improvements, reaching the all-time high would certainly be possible.

$BNB bounces from support - now at resistance

Source: TradingView

The $BNB price has bounced from the support level at $489, which also coincided with the rising 200-day moving average. Since then, $BNB has flipped $532 from resistance into support, and now, the price finds itself up against the $561 resistance. Given that short term time frame stochastic RSIs are topping out, a rejection from this resistance might be expected.

Either of the supports, or the 200-day MA could be bounce areas. Look for $BNB to break through the downward sloping trend line and the resistance at $583 over time. $BNB has already broken its all-time high, so price discovery awaits above $720.

$WIF establishes a support floor

Source: TradingView

$WIF has come a long way down since achieving $4 at the end of May. However, $1.54 looks like being a relatively strong base for $WIF to make its way back up from here. The downward sloping trend line was broken on Monday, and $WIF will try to hold above this.

However, new downward momentum could bring the price back to the trend line, and even back to the $1.54 base again. Looking beyond this into the medium term, $WIF could take full advantage of the next Bitcoin surge to the upside. If $BTC is able to hit its all-time high again, expect $WIF to at least be able to do the same, and hit $4.85.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In a day and age where our financial transactions are increasingly done digitally, the role of artificial intelligence is sure to expand. AI will inevitably merge with financial technology and services and be used in a myriad of ways, and payday loan companies, which have already had a profound impact on society with their concept of short-term loans, will be among the first to embrace it. 

Readers might be forgiven for being alarmed by the idea of payday loan companies using AI. After all, both industries have a somewhat questionable reputation. Doesn’t the loan companies' use of AI mean people will be “targeted”? Does it mean they are trying to exploit the most vulnerable consumers? After all, they’re the bad guys, right? 

While it's true that some payday lenders have a reputation for exploiting people with high interest rates, trapping them in a cycle of borrowing and debt, they also provide a necessary, and oftentimes vital service to people who are short on cash. And AI, although it may end up taking some people’s jobs, is undeniably a good thing in many other ways. For instance, it's helping to democratize knowledge, encourage creativity, make people more productive, advance medicine, and even combat sex trafficking, among many other benefits. 

And so it shouldn’t be that much of a surprise to learn that payday loan companies are actually using AI to try and do some good, making their services more accessible, especially to the unbanked, and lowering the costs of borrowing money. 

AI can improve creditworthiness assessments

AI can have a positive impact on payday lending in several areas. For one thing, it can process vastly more data than traditional data analytics models can handle, including information that’s scraped directly from someone's smartphone. AI can find patterns indicating creditworthiness that traditional systems based on credit scores wouldn’t identify, or alternatively show if someone should be declined, despite having a higher credit score. Moreover, it enables significant cost savings, as it automates the process of assessing creditworthiness, so there’s no need for lenders to pay salaries to loan officers who traditionally make the decisions. So AI-based lending systems can offer loans at lower rates, while still driving higher profits. 

One of the key movers in the area of AI loans is NeurochainAI, which is building an advanced, decentralized AI-as-a-service ecosystem that helps to make AI more accessible to organizations. 

The company’s platform provides everything a business needs, including AI model hosting, integration tools, training and high-quality data validated by its community. It’s focused on delivering a seamless experience, offering ready-to-use and pre-trained AI models that can quickly be customized to the specific needs of organizations. Among its creations is an AI model that’s specifically designed to improve credit assessments. 

Neurochain AI claims that its creditworthiness model enables payday lenders to do things that many U.S. banks would love to do, but cannot. For instance, its AI models enable customers to prove their identities in seconds, so they can be onboarded using only their smartphone. Then they tap the user’s smartphone itself for data that’s crucial in assessing whether or not they’re creditworthy. 

By doing this, Neurochain AI is paving the way for payday lenders to safely lend money to individuals with no credit history, and so at rates that few traditional banks can compete with. Moreover, those payday lenders can do this while still generating a healthy profit. 

Why is AI better than BI?

NeurochainAI’s credit risk assessment model is based on an engine that carefully analyzes each customer’s smartphone bill payment history, bank account history (if the user has a banking app installed on the device) and information about their bill payments, purchases, geolocation and more. 

Traditional lenders tend to use business intelligence software to make the decisions. When they use BI software, it means analyzing the customer's bank records and previous transactions, repayments and so on. But when a lender uses AI software, they no longer have to look backwards – instead they can look forwards, for AI has the unique ability to make predictions based on the data it sees. It can forecast what each customer will do, based on their similarity with existing loan customers. So the applicant doesn’t need a credit history to get past an AI creditworthiness assessment. 

To use NeurochainAI’s credit risk assessment model, payday lenders can simply integrate it with a branded mobile application, ideally for Android, which is a more open operating system than Apple’s iOS. The great thing about Android is that it enables lenders to ask for permissions to scrape the user’s phone for masses of data, including their call histories, text messages, call logs, emails and GPS data. 

By looking at the content’s of someone’s phone, it’s possible to discover a lot of information about that person, and make an accurate prediction as to their creditworthiness. 

Payday lenders can customize NeurochainAI’s model to identify consumers who meet their predetermined loan criteria, and it can make a decision in seconds. What’s more, the model is designed to get more accurate over time, learning from its successes and its mistakes. 

Will AI loans become the norm? 

One of the biggest AI payday loan operators is the Germany-based fintech MyBucks, which began its operations in South Africa and now operates in 11 African markets. The company specializes in making loans to previously unbanked individuals that don’t have a credit rating. It offers competitive rates of less than 20% for short-term loans of six months or less, and higher rates of between 25% to 40% for longer durations. Its loans range from as little as $5 to a maximum of $5,000. 

Business is going well for MyBucks, which reports that its current loan book stands at over $200 million, with its average loan being $250. It claims to be profitable, with a default rate of around 7% on all of its loans. 

Another successful fintech leveraging AI is Branch.co, which has been downloaded more than 40 million times by users in India and Africa. It offers an extensive suite of digital banking services to customers, and it leans heavily on AI. It scrapes data from customer’s smartphones, encrypts that information and then runs machine learning algorithms on it to decide who is, and who isn’t, creditworthy. Having made a decision, it can immediately process successful customers' loan applications, and deposit the funds in their accounts within 10 seconds or less. Like MyBucks, it too has a default rate of around 7%. 

Both MyBucks and Branch.co are doing something that wouldn’t be feasible in the U.S., due to its regulations that require an explanation for each loan decision. The overbearing requirements of the U.S. financial system, which are also present in many European countries, prevents payday lenders from utilizing AI to make more intelligent decisions about their loans. 

Some western banks are warming up to the idea of AI credit assessments, though, thanks to the pioneering efforts of fintechs like ZestFinance, which has created software that can explain how AI algorithms come to the conclusions they make. 

This year, ZestFinance said it has made significant progress, helping lenders assess over 39 million loan applications since it was founded in 2020, resulting in over $250 billion worth of loans being handed out to U.S. consumers. It now counts more than 175 customers nationwide, ranging from small credit unions to the largest banks. 

The company doesn’t create AI credit assessment models itself. What it does is provide AI model explainability technology, which essentially reverse-engineers the decisions made by third-party models. It can then generate a report for each AI-processed loan application, and show clearly why it was rejected or approved. Although its most widely used by lenders in the mortgage industry, it’s just as applicable to the payday lending industry. 

Conclusion

AI can provide significant advantages to the payday loan industry, improving its operational efficiency, enhancing risk management and dramatically speeding up approval times. The technology promises to automate many of the tasks that are traditionally performed by loan officers, which can help to reduce the costs associated with borrowing, resulting in lower rates for consumers. 

Just as with any industry, there may be potential for AI to be abused by less scrupulous payday lenders, but those fears aside, its integration will likely result in far more positives than negatives. By adopting AI, payday lenders can help pioneer a more equitable, secure and responsive financial environment.  

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin (BTC) bounced off its support levels last week, which held firm, indicating strong demand at lower levels. It made a strong recovery over the weekend, breaking past $60,000 with a strong rally. 

With demand skyrocketing at lower levels, it’s clear that institutional investors viewed the recent dip as a buying opportunity. According to data from the on-chain analytics platform CryptoQuant, institutional investors acquired 100,000 BTC during the week. 

Positive Signs For The Crypto Markets 

The cryptocurrency market had plenty to cheer about over the weekend. First, it was reported the German government’s BTC selling spree is over, with the authorities having sold over 88% of its original BTC holdings, with the amount held in the government’s BTC wallet down to 5,800. In its latest transfer, the German government sent BTC to several exchanges, including Bitstamp, Coinbase, and Kraken. Crypto analyst Michael van de Poppe pointed out that it was incredible that the markets had absorbed all this selling pressure, and BTC had still managed to climb above $60,000. 

“It’s incredible that this sell pressure has been absorbed and that Bitcoin’s price is around $60K.”

The markets will now closely watch the developments related to Mt. Gox and its creditors once they receive their repayments from the exchange. BTC could see a considerable recovery if selling remains subdued. However, if the creditors decide to dump their holdings, we may see selling pressure return to the markets. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) broke past the $60,000 barrier over the weekend and has climbed above $62,000 during the current session, with analysts saying the worst could be over. BTC had shown considerable volatility towards the end of the previous week. Buyers attempted to push the price above $60,000 on Thursday but encountered significant selling pressure. Eventually, BTC settled at $57,386, a drop of 0.76%. Friday saw BTC flip the bearish sentiment as it rose by 0.99% to push to $57,952, and an increase of 1.71% on Saturday took BTC to $58,944 as it closed just below the 200 and 20-day SMAs. 

BTC bulls successfully pushed to $60,000 on Sunday, as the cryptocurrency registered a 3.06% increase to push above the 20 and 200-day SMAs and climb above $60,000 to settle at $60,750. The current session sees bulls firmly in control, with BTC trading at $62,772, an increase of 3.27% over Sunday. With bullish sentiment back in the market, where does BTC go from here?

Source: TradingView

Analysts have stated that a Bitcoin pump wouldn’t happen overnight. With BTC breaking above $60,000, it would have to close and stay above this level for some time to flip the $60,000 resistance into support. It would also need to claim the 20 and 200-day SMAs before it can begin a rally. For now, bulls will look to push BTC towards the 50-day SMA at $64,000. Any further price movements would require BTC to consolidate above $60,000.

Ethereum (ETH) Price Analysis

Ethereum (ETH) has started a relief rally, which has seen the cryptocurrency register an increase of almost 15% over the past week. The recovery comes after significant excitement around the potential approval of spot Ethereum ETFs sometime during the coming week. ETH has been extremely bullish since rebounding from its support levels last week and closing above $3,000. With buyers looking to push it above the 20-day SMA, ETH registered significant volatility on Thursday, as it rose to a day high of $3,215. However, with considerable selling pressure at higher levels, sellers were able to push the price back down, with ETH eventually settling at $3,101.

Source: TradingView

Friday saw ETH push above the 200-day SMA and settle at $3,136. However, ETH was still encountering selling pressure at higher levels. The weekend saw ETH continue to push upwards, rising to $3,178 on Saturday and then moving above the 20-day SMA on Sunday thanks to an increase of 2.17%, which took the price to $3,247. The current session sees ETH up by almost 3% as buyers look to push toward the $3,500 level and the 50-day SMA.

With ETH gaining strength, a close above $3,400 could send the price above $3,500. However, if there is a reversal, we could see the price drop to $3,200. A continuation of bearish sentiment could see a dip to $3,000. For now, the bulls command the market.

Solana (SOL) Price Analysis

Solana (SOL) surged over the weekend and pushed above $150 during the ongoing session, with indicators and network metrics suggesting a strong rally. SOL has seen considerable volatility in the past week but has been on a firm upward trajectory since Friday when it rose by 2.78% to push above the 200-day SMA to $139.60. Saturday saw SOL push above $140 and the 20-day SMA to $142.04. Bullish sentiment persisted on Sunday, with SOL registering an increase of just over 4% to move to $147. Buyers attempted to push above the 50-day SMA but could not do so.

Source: TradingView

SOL broke past $150 and the 50-day SMA during the ongoing session, with the price currently at $152.65, an increase of 3.31%. Solana’s network metrics have been nothing short of impressive, with the network’s current TVL at $4.67 billion. With developments regarding the Solana ETFs also in the pipeline, interest in SOL is bound to increase, and we could see this reflected in the price of the token. With SOL currently trading at $153, a move to $160 is not out of the question if bulls can maintain momentum. Should the price push above this level, we could see a move towards $200. However, SOL must consolidate above the $150 level for any sustained upward momentum. Crucial support levels for SOL sit at $140 and $120.

Toncoin (TON) Price Analysis

Toncoin (TON) has been trading between the 50-day SMA, which has been acting as a dynamic level of support, and the 20-day SMA, which has been acting as resistance. After spending most of the previous week shuttling between $7.20 and $7.50, TON made a decisive surge on Sunday as buyers attempted to push the price above the resistance at $7.50. TON reached a day high of $7.75, but with bears defending the resistance levels, TON fell back, eventually settling at $7.50. The current session sees TON up by just over 1% as buyers look to push the price above $8.

Source: TradingView

If buyers are able to recover momentum, we could see a move towards $8. However, if bullish momentum wanes, TON could fall back towards the 50-day SMA. If bears manage to breach this level of support, a slide to $7 can be expected.

Ripple (XRP) Price Analysis

Ripple (XRP) surged over the weekend as bulls continued to push the price higher, hitting $0.50 on Saturday. XRP has been extremely bullish over the past week, with the asset surging over 25% during the past week in a run that has seen it outperform nearly all other major cryptocurrencies. XRP’s recent upward push saw the asset smash crucial resistance levels at $0.44, $0.46, $0.48, and $0.50.

The cryptocurrency registered a significant increase on Friday, rising by 5.63% to move above the 20-day SMA and settle at $0.47. Saturday saw XRP surge by nearly 11% as buyers pushed towards $0.50. So strong was the bullish sentiment that XRP registered a day high of $0.56 before settling at $0.52 due to sellers being active around the 200-day SMA. Sellers were able to push XRP lower on Sunday, with the asset facing considerable volatility and then dropping by just over 1%. The current session sees XRP up by just over 2% as buyers look to retest the resistance at $0.54.

Source: TradingView

As mentioned earlier, XRP faces significant resistance at the 200-day SMA, a substantial barrier to surpass. XRP tested this resistance on Saturday but fell back after facing significant selling pressure. However, with XRP consolidating above $0.50, it could test this level once again. If XRP is able to break above this level, we could see a push towards the next significant resistance level at $0.60.

Polygon (MATIC) Price Analysis

Polygon (MATIC) has rebounded strongly since losing the $0.50 support level on July 4. After dropping as low as $0.43, MATIC has rebounded, indicating that investors continue to keep faith in the asset and its long-term value. With MATIC losing the $0.50 level, it was imperative for the asset to reclaim that level. The asset did so last week and, after a period of consolidation, rose by nearly 5% on Saturday to move above the 20-day SMA, which has been acting as resistance. Saturday saw MATIC settle at $0.53, but because it faced significant selling pressure at this level, it was unable to move higher on Sunday.

Source: TradingView

However, the current session sees buyers firmly in control, with MATIC up by 1.88% and trading at $0.54. If MATIC can push above $0.60, it could consolidate above this level before moving to $0.70. A reversal could see the price slip back below the 20-day SMA.

Polkadot (DOT) Price Analysis

Polkadot (DOT) has done well in recovering and pushing back above $6, given it hit a low of $4.94 as recently as July 5. However, the cryptocurrency has been able to recover its losses despite facing considerable volatility last week, slipping below $6 on Thursday to close at $5.90. However, with strong support around $6, DOT rebounded, rising by $3.56% to push above the 20-day SMA and $6 to settle at $6.11. DOT’s bullish momentum persevered over the weekend as it registered an increase of 1.96% on Saturday to settle at $6.23. Sunday saw an increase of 1.44% to move DOT to $6.32, just below the 50-day SMA.

Source: TradingView

DOT was able to move past the 50-day SMA during the ongoing session as bullish momentum continued to dominate the markets. The cryptocurrency is currently up by 1.74% and is trading at $6.43. It faces strong resistance at $6.50, which buyers are attempting to overcome. If DOT can break above $6.50, we can see the asset move towards $7. However, if sentiment turns bearish, we could see a drop to $6.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin (BTC) has reached the major resistance at $63,000, putting on $2,300 early on Monday. If the king of the cryptocurrencies can break through this resistance, the range high at $71,300 is the potential target. However, a short term pull back could be about to take place.

Buyers have entered the cryptocurrency market again and Bitcoin has risen a grand total of $5,000 over the last three days. This makes a welcome change from previously, when Bitcoin lost $18,500 over five weeks of intense selling from the German government et al.

On Monday, the $BTC price has reached the critical resistance at $63,000, and is currently trading right at this level. Already having put on 3.6% for the day so far, Bitcoin will likely have some problems here. However, if the momentum can continue, a breakthrough could take place.

Short term momentum is dying

Source: TradingView

For the short term price action, it can be seen that $BTC has broken through the downward-sloping trendline, and is pressing up against the resistance. However, the stochastic RSI is indicating that $BTC could be oversold, given that the indicator lines are at the top. Momentum could potentially start dying here, and what is even more telling is that this is the same on the 8-hour and 12-hour time frames, and is even reaching the top on the daily time frame as well.

Rejection from $63,000, and retest of $61,000?

Source: TradingView

All is much clearer on the weekly time frame. It can be seen that the $BTC price has just started to be rejected from the $63,000 resistance level. It might be expected that the $61,000 could be tested again. This would give the shorter time frame stochastic RSIs a chance to reset. 

Weekly stochastic RSI is main catalyst

The main catalyst is at the bottom of the chart. The weekly stochastic RSI can indicate incredibly powerful momentum. The blue fast line is just showing above the 20 level, if the orange slow line can also cross above 20, the resulting momentum could be enough to potentially send Bitcoin to new highs.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The crypto space is exciting, and new projects are emerging daily, vying for investor attention. Memecoins have exploded this year and provide great potential profit opportunities. Solana-based memecoin Husky Inu ($HINU) is the newest offering with unique features.  

Memecoins had a great run in 2024, and investors made significant returns. Hoping to capitalize on this buzz, new projects are constantly emerging, each trying to capture investor attention and secure backing. Husky Inu ($HINU) is a new Solana-based memecoin with great potential. 

Let’s examine why Husky Inu ($HINU) could be the next big thing in crypto. 

Solana Memecoin Success

While the 2024 bull run has been great for most memecoins, Solana-based memecoins performed outstandingly. Solana is one of the preferred blockchains for memecoin development owing to its impressive abilities. Solana is built to handle high TPS at low costs while quickly processing transactions to ensure trades are efficiently executed. 

What Makes Husky Inu ($HINU) Great?

Husky Inu ($HINU) entered the crypto space with a bang, positioning itself as a strong contender against memecoin giants Shiba Inu ($SHIB) and Dogecoin ($DOGE). Husky Inu ($HINU) is touted as Shiba Inu’s new best friend and is on a mission to conquer the memecoin market, aiming to add value and utility to its holders. Husky Inu and its native token, $HINU, are working to build a robust, supportive community with innovative features and enhanced rewards.

The project recently launched the $HINU presale, receiving a warm welcome from its community and signalling tremendous future growth. Husky Inu is working on some exciting things, including an Earn App and a Decentralized Exchange. The Earn App will reward users with $HINU tokens for engaging with the project, and the DEX will facilitate decentralized trading to improve utility and value for $HINU holders.

Head to Husky Inu’s official website to claim your stake in the $HINU presale.

Husky Inu ($HINU): Not Just an Ordinary Memecoin

Husky Inu stands out from the memecoin crowd due to some fantastic features. The project is committed to a reliable token ecosystem through a carefully bespoke distribution model and a capped maximum supply. 

The following features set Husky Inu apart from the crowd:

Capped Supply: The total supply of $HINU is limited to 100 billion tokens, ensuring scarcity and value retention.

Deflationary Mechanism: 50% of all Husky Inu Exchange and DEX platform fees will be used to buy back and burn $HINU tokens to reduce the circulating supply over time.

Early Investment Opportunity: The $HINU presale launched without issue, allowing investors to buy $HINU tokens for a modest $0.00007500. 

Chasing Dogecoin ($DOGE) and Shiba Inu’s ($SHIB) Success

Husky Inu’s grand debut in the memecoin market positions it to compete with giants such as Dogecoin and Shiba Inu. Dogecoin ($DOGE) is currently the largest memecoin by market cap and is widely used as a tipping mechanism on Reddit and Twitter (or X). Shiba Inu ($SHIB) is the second largest memecoin by market cap. This fan-favourite is now accepted as a form of payment at hundreds of locations and is proudly supported by its massive community.  

Buying $HINU tokens is simple; investors should rush over to claim their stake!

Visit the following links for more information on Husky Inu:

Website: Husky Inu Official Website

Twitter: Husky Inu Twitter

Telegram: Husky Inu Telegram

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

Polkadot ($DOT) has faced considerable developments recently but recovered most of what it lost in the past month. At one point, $DOT traded at a low of $4.94 but clawed its way back to $6.24. 

The crypto market recently experienced a tough couple of weeks, with $BTC touching $54,000. Polkadot ($DOT) also felt the market downturn, dropping to a recent low of $4.94. The market appears to have recovered most of its lost ground, and $DOT trades above its $6 mark again. 

Market Bounces Back, For Now

The crypto market appeared to regain some of the ground it lost over recent weeks that saw bitcoin briefly tumble to $54,000. At the time of writing, $BTC traded at $59,949 after holding its position above $60,000 yesterday. Amid the recent harsh market conditions, Polkadot faced additional difficulties, including criticism over its Treasury’s high expenditure.

Market conditions coupled with Polkadot’s challenges resulted in $DOT dropping 16% over the past month this time last week. Polkadot, however, reclaimed some of its ground in the past week. Today, $DOT is up 0.46% over the 30-day chart.

 

$DOT opened this week’s session at $5.9, increasing to $6.27. Sellers, however, took control of the session, seeing $DOT drop below its $6 mark. Tuesday’s session, however, saw buyers take control, with the sentiment continuing throughout the week. $DOT registered a high of $6.49 this week but could not grow beyond that level. 

$DOT currently trades at $6.28, up 0.25% from this time yesterday and up 4.22% over the 7-day chart.

 

Snowbridge Usage Surge

Polkadot released its June 2024 report this week. The report highlights a surge in Snowbridge usage, updates to the Alpha Program and parachains and new features in its Generic Ledger app. One of Polkadot’s most noteworthy developments in June is the increasing usage of Snowbridge, the Polkadot-Ethereum bridge it launched less than a month ago. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

The meme coin market is buzzing as big bears put pressure on Dogecoin’s forecast after a 20% dip in value. Meanwhile, the addictive game Hamster Kombat has become a favorite among crypto enthusiasts, so much so that it’s launching its own token, HMSTR, on The Open Network (TON).

But the buzz doesn’t stop there! There's chatter about a certain “bunny” causing a stir in the meme coin realm. Cute and cuddly but with the fierceness of a lion in profitability, this bunny, known as MOONHOP, is turning heads with promises of a 100x return for early investors.

Dogecoin Price Forecast: A Bearish Tale

Dogecoin's recent market movements resemble a wild dog chase, with its price now teetering close to $0.1. After rebounding by 20% from its lows on July 5th, Dogecoin's stability is shaky, with its supporters holding their breath.

Despite a notable recovery rally, Dogecoin may find itself circling or even dipping further. Watch for the critical support zone between $0.0775 and $0.082. While the daily RSI looks bearish, the CMF hints at some lingering interest. Dogecoin enthusiasts, it’s going to be a rough ride!

Hamster Kombat News: HMSTR Token Makes Its Debut

The tap-to-earn sensation, Hamster Kombat, is racing up the popularity charts, proving more addictive than a hamster’s favorite wheel. Announced by Telegram’s CEO, Pavel Durov, the game has seen 239 million users sign up, ready to battle it out. HMSTR, the game’s token, will soon launch on The Open Network (TON).

Eager players can even start trading HMSTR on Bybit in pre-market trades. With daily player counts swelling by 4-5 million, Hamster Kombat’s charm has even prompted government warnings about its addictiveness.

Don’t Worry, Be “Hoppy” with MOONHOP’s 100x ROI Potential!

Let’s shift focus to the meme coin market’s newest darling—MOONHOP! This adorable bunny-themed crypto promises not only to guide you out of the complex crypto rabbit holes but also to a bright financial future. MOONHOP merges boundless bunny energy with a well-planned investment opportunity.

The presale has started, and MOONHOP is rolling out the welcome mat (or should we say, carrot patch?) for everyone to join The Fluffle and snag $MHOP coins at just $0.01 each. This golden opportunity could skyrocket to $0.50 at launch, aiming for a delicious 100x ROI.

MOONHOP is also introducing a lucrative referral program to grow its community even further. What’s a Fluffle, you ask? It’s a delightful group of bunnies, and MOONHOP is all about building the biggest, happiest community ever. Their strategic marketing and partnerships are set to make big waves in the crypto world.

MOONHOP’s presale has kicked off with a bang, raising a stunning $917K in stage 1 alone at just $0.01 per coin. With stage 1 nearly sold out and only a few coins left, early investors have a prime opportunity to secure their $MHOP now and potentially see 100x gains in the near future.

To Infinity & Bunny-yond

As the meme coin narrative heats up, Dogecoin remains a prominent player, and Hamster Kombat leaps forward with its token debut. Yet, with an incredible roadmap and 100x ROI potential, MOONHOP is the meme coin everyone’s eager to snag. These treasure coins are selling fast.

So, buckle up your space belt, grab some carrots, and jump on the MOONHOP bandwagon before it’s too late! Remember, with MOONHOP, every hop counts, and the journey is as rewarding as the destination. 

Join MOONHOP Presale Now:

Website:  Presale: Twitter: Telegram:

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

Predictions for Notcoin indicate a potential rise in value, though its unpredictable market raises concerns among investors. In a separate development, SUI has launched a $50 million ecosystem fund, marking a record in DeFi development, yet it remains less user-friendly than expected.

In stark contrast, BlockDAG (BDAG) is transforming mining into a universally accessible and rewarding venture with the introduction of its innovative X1 Miner app on the Apple Store. The app features a straightforward registration process and an interactive user interface, capturing the attention of the mining community and significantly boosting the presale. Currently, BlockDAG’s presale has reached batch 20, collecting $58 million, and is recognized as the highest-performing cryptocurrency.

SUI Update: $50M Fund Enhances DeFi Ecosystem

SUI's latest announcement introduces a more than $50 million ecosystem fund aimed at strengthening the decentralized finance landscape on Sui. The $51.3 million fund, backed by 117 million SUI tokens sourced from third-party market operators rather than new investors, is designated for boosting SUI’s infrastructure.

The funds will support various initiatives within SUI’s ecosystem, such as grants for developers to create decentralized applications and improvements to SUI’s DeepBook CLOB, automated market makers, and protocols for liquid staking and lending. Despite liquidity concerns on exchanges, SUI reassures that this redistribution will not impact the circulating supply.

Notcoin’s Forecast: Promising Future and Market Growth

Notcoin (NOT) has recently seen a surge in popularity, particularly within the Telegram-based mini-game sector. As the market shows signs of recovery, Notcoin’s forecast anticipates further advancements. Captain Faibik, a well-regarded cryptocurrency analyst, offers a bullish outlook, suggesting Notcoin could see its value double following a breakout from a downward trend.

Priced at $0.0151, NOT has risen 34.30% in the past day, establishing it as a leading token in the gaming sector. The burgeoning interest in Telegram-based mini-games and technological innovations contributes to this positive trend. Looking ahead, Notcoin’s trajectory appears favorable as it continues to lead the charge in this niche market.

Mine Anywhere with BlockDAG’s X1 Miner App!

The X1 Miner App by BlockDAG is redefining the cryptocurrency mining landscape, now available in the Apple Store. It allows crypto enthusiasts to commence mining from any location using just their mobile devices, transforming a smartphone into a formidable mining device with a simple tap on the "Activate BlockDAG X1" button. Users can earn up to 20 BDAG coins daily without excessive battery or data usage.

Featuring a state-of-the-art, energy-efficient consensus algorithm, the app facilitates a smooth and effective mining process. It also offers a customizable settings area, and profile management, and ensures user privacy. The app’s standout features include OTP verification, direct access to BDAG token presales, a referral program to enhance earnings, and a real-time leaderboard to stimulate competition.

Furthermore, BlockDAG’s X1 Miner App incorporates a proof of engagement mechanism, broadening mining opportunities for both novices and seasoned miners. The user-friendly and sustainable design of the X1 Miner App has made cryptocurrency mining an accessible and lucrative activity for all. The successful launch of the X1 mining app on the App Store has further propelled BlockDAG’s presale, now exceeding $58 million, with over 12 billion coins sold and 8900 miners totaling $3.7 million.

Final Reflections

Although Notcoin’s potential for gains is tempered by market volatility, and SUI’s $50 million fund encounters challenges in accessibility, BlockDAG emerges as the top cryptocurrency and the prime mining option. The revolutionary introduction of the X1 Miner App on the Apple Store has significantly advanced BlockDAG’s stature in the cryptocurrency realm. With an effortless registration and captivating user experience, the app empowers users to mine from virtually anywhere.

By making mining universally rewarding, BlockDAG positions itself as the definitive choice for both novice and experienced miners. With a presale collection of $58M by batch 20, the future of BlockDAG appears exceptionally bright.

Join BlockDAG Presale Now:

Website: Presale: Telegram: Discord: 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

It has been an eventful week in crypto, especially with the German government on a selling spree while the spot Ethereum ETF applicants in the US gear up for a probable green signal from the SEC. The week also saw increased threats to the security of DeFi protocols through domain registry attacks. Let’s find out more. 

Bitcoin

The German government is continuing to sell its large Bitcoin position near the market bottom while it is being absorbed by buyers. This move could be held up in years to come as one of the worst financial decisions by a sovereign country since the UK started to sell more than half of its gold reserves at the bottom of a 20-year bear market between 1999 and 2002.

Justin Sun has offered to purchase the German government's $2.3 billion Bitcoin holdings off-market to prevent potential negative impacts on the cryptocurrency's price.

Ethereum

As requested by the U.S. Securities and Exchange Commission (SEC), several asset managers filed updated S-1 registration statements for Spot Ethereum ETFs, thus taking a step toward potential approval.

Altcoins

Polkadot's June 2024 report highlights a surge in Snowbridge usage, updates on the Alpha Program and parachains, new features in the Generic Ledger app, and strong core metrics supporting its position as the world's largest DAO.

Business

The Web3 Foundation has awarded Dot Play a Decentralized Futures Grant, a significant development for Polkadot’s gaming ecosystem. 

Kraken Exchange has partnered with Atlético de Madrid to become the club's official crypto and Web3 partner, as well as the club’s official sleeve partner. 

Security

Compound Finance's website was hijacked by hackers, redirecting users to a phishing site, but the protocol's smart contracts and funds remain secure.

A significant domain registry attack compromised the DNS of multiple DeFi applications, including Compound and Celer Network, potentially affecting over 120 protocols using Squarespace domains.

Regulation

Two former executives of the now-defunct FTX exchange, Gary Wang and Nishad Singh, will face sentencing in New York later this year after cooperating with prosecutors in the case against their former colleague, Sam Bankman-Fried.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

The shocking discoveries of a former Crystal Blockchain employee have shone a light on the company’s alleged clandestine dealings with Russian clients, despite its claims of promoting transparency and adherence to AML regulations. This not only flies in the face of international sanctions against Russia in the middle of the devastating war in Ukraine, but casts a shadow over the entire crypto industry’s commitment to ethical practices.

The Presence of the Crystal Blockchain in the Run-Up to War

Prior to the Russian invasion of Ukraine in February 2022, Crystal Blockchain data services were thriving, with unique solution capturing a significant market share in Eastern Europe - Ukraine, Lithuania, Estonia, and so on. Their technology empowered businesses to detect illicit activities and maintain compliance with financial regulations. They were on the brink of achieving their end goal of becoming the European alternative to the US giant, Chainalysis. 

Right around that time, in a turn of events that shook the world, Ukraine was plunged into chaos as Russia launched a devastating invasion, altering the geopolitical landscape and shattering the fragile peace that had once existed. As the conflict escalated, the actions of Crystal Blockchain became increasingly shrouded in mystery and controversy, raising concerns about their true allegiances and motives in the midst of the rapidly unfolding crisis.

The Contrasting Images of Crystal Blockchain's Public Face and Hidden Motives

Despite publicly announcing the termination of its business relations with Russian clients after the events of February 2022, which marked the beginning of the devastating Russian invasion of Ukraine, Crystal Blockchain and its partner companies, AMLbot, Getblock, and Alfabit, allegedly continued to cater to the Russian market. This apparent discrepancy between the company’s public stance and actual practices raised serious concerns about its commitment to transparency and ethical conduct.

Among central figures in this unfolding drama are one of Crystal Blockchain's own leader, Marina Khaustova, whose actions, coupled with the company's ties to Bitfury Group, founded by Valery Vavilov, paint a damning picture of betrayal and complicity in the face of one of the greatest humanitarian crises of our time.

Indications that Crystal Blockchain Continued to Work with Russia

A significant amount of evidence points to Crystal's alleged ongoing collaboration with Russian entities. In a disclosure that could put him in danger, the whistleblower exposed Crystal Blockchain’s alleged involvement with the shadowy Garantex exchange. This exchange, nestled in the heart of Moscow’s financial underbelly, reportedly facilitated a staggering $1 billion in dirty money transactions per month, allowing Russians to sidestep international sanctions and profit from illicit activities.

Crystal Blockchain had no moral or legal right to serve Russia and its clients by helping them circumvent sanctions. This complicity extended beyond the large-scale exchanges, with the company’s distribution partners, many of which are based in Russia, providing services that were predominantly used within Russia. Despite the valiant efforts of some Ukrainian companies to support their country’s armed forces, Crystal’s actions were tantamount to aiding and abetting the aggressor state.

The whistlebloweralso revealed that Alfabit and AMLbot were not mere Crystal Blockchain’s distribution partners, but alleged accomplices in Crystal’s illicit dance with sanctions evasion. These shadowy intermediaries provided a convenient smokescreen for Crystal to serve a significant portion of Russian crypto exchanges on Bestchange without raising alarms. AMLbot’s registration in Hong Kong only deepened the intrigue, as it suggested a deliberate effort to shield itself from scrutiny. 

The whistleblower further exposed an entire gallery of exchanges that allegedly benefited from Crystal’s illicit partnership with AMLbot, including Quickchange, Rapira, IME Karma, Kupi bit, Laslobit, Master change, Perfect change, Swap Coin, Tyt Cash, and X - obmen. By utilizing AMLbot and Crystal’s data, these exchanges were complicit in Crystal’s betrayal of its moral and legal obligations.

A Call for Justice 

Fully aware of the potential consequences of breaking his nondisclosure agreement, and risking his job, the whistleblower decided to make this brave revelation during a time of war, sanctions, and political tensions. Driven by a sense of moral obligation, he called for an investigation and appropriate action against Crystal and its partners, regardless of the personal costs he would face. His courageous decision highlights the importance of speaking truth to power, even in the face of significant risks.

Advocating for More Honesty and Integrity to Restore Faith in the Crypto Industry

Crystal Blockchain’s apparent hypocrisy in dealing with Russian clients, despite publicly claiming to have severed ties with the country, underscores the urgent need for transparency and accountability in the cryptocurrency industry. The whistleblower’s brave decision to expose this contradiction should serve as a wake-up call to those within the industry who value honesty and integrity above profit.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.