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How Low Volatility Sets the Stage for a Bullish Breakout Amid the ongoing back-and-forth movement in the crypto industry, Solana (SOL) price continues to consolidate in a horizontal pattern, which is less interesting to leveraged traders but crucial for hodlers. The low volatility registered by Solana price in the past few months has given buyers a chance to accumulate more coins. Furthermore, a gradual shift in demand from Bitcoin to altcoins signals an inevitable altseason in the near term. As a result, most investors are closely monitoring the weekly Bitcoin dominance in anticipation of a reversal, which will signal the onset of the parabolic altseason. Institutions Bet on Solana Network Apart from Ethereum, the Solana network has been a favorite among more institutional investors seeking to tokenize real-world assets (RWA). Earlier today at the Global Fintech Fest, Nandan Nilekani, co-founder of Infosys, presented a demo on the Solana network of the Finternet project, a user-centric global financial infrastructure tokenizing any asset on a unified ledger. On Tuesday, Robinhood Wallet announced the integration with the Solana network to enable its customers to self custody SOL and its based tokens. Meanwhile, PayPal’s PYUSD recently surpassed a market cap of $1 billion, with 64 percent of the market share on the Solana network. The Solana’s web3 activity has significantly grown in the recent past to a total value locked of over $5.1 billion and a stablecoins market cap of around $4 billion. The meme coins on the Solana network have a market cap of about $6.5 billion and a daily average traded volume of around $1.7 billion. #Solana #SOL #TON #DOGSONBINANCE #TelegramCEO $SOL $TON $BTC

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French President Emmanuel Macron Dismisses ‘False Information’ on Pavel Durov’s Arrest; ‘It Is in No Way a Political Decision’ 50X Profit Potential With BRED Token, Convert your 100 usd to 5000 USD, Pre Sale Price Is Live, Pre Sale Price Is $0.01 And Exchange Listing Price $0.50, This Is 50X Profit Opportunity, Don't Miss This Pre Sale, Join Now Pre Sale At Official Website, WWW.BREDTOKEN.XYZ Emmanuel Macron, President of France, has disregarded what he qualified as “false information” regarding the arrest of Telegram CEO Pavel Durov. In a social media post, Macron stressed that the arrest was part of an investigation carried out by the judiciary and that it was “in no way a political decision,” as some reports claimed. Emmanuel Macron, President of France, has clarified his responsibility in the recent arrest of Pavel Durov, founder and CEO of Telegram, a popular messaging and content distribution app. Macron took to social media to disregard what he called “false information” regarding the legal actions exerted against Durov and his involvement in this process. Macron reinforced that the arrest was part of an investigation led by the country’s judiciary and that he played no part in it. He declared: Macron explained that in a state under the rule of law, that’s how these processes progress. Macron stresses that freedoms were upheld under a legal framework to protect citizens and respect their fundamental rights. Furthermore, he concluded by stating that France was “deeply committed to freedom of expression and communication, to innovation, and to the spirit of entrepreneurship,” and that it would remain so. Macron’s statements were received with incredulity by some cryptocurrency industry members. Chris Pavlovski, CEO of Rumble, an online video distribution platform facing the French state in court, blasted Macron’s take after leaving Europe. #TelegramCEO #PavelDurov #French #CryptoNews $TON $BTC $BNB

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UAE Pursues Swift Legal Aid for Durov Amid French Investigation 50X Profit Potential With BRED Token, Convert your 100 usd to 5000 USD, Pre Sale Price Is Live, Pre Sale Price Is $0.01 And Exchange Listing Price $0.50, This Is 50X Profit Opportunity, Don't Miss This Pre Sale, Join Now Pre Sale At Official Website, WWW.BREDTOKEN.XYZ The UAE has requested France to provide Pavel Durov with legal services, emphasizing its commitment to protecting citizens abroad. Durov faces a French investigation into cybercrime, financial crime, and other offenses, with detention extended until August 28. French President Macron stated Durov’s detention is not politically motivated, while Russian officials criticize it as a double standard on free speech. The United Arab Emirates Ministry of Foreign Affairs has formally requested that Pavel Durov, telegram CEO, receive all necessary legal services from the French government as soon as possible. According to an official statement, the UAE is committed to protecting the welfare of its citizens, which is demonstrated by this request. Notably, the statement stressed that the UAE’s top priorities are providing comprehensive care and safeguarding its citizens. As a result, the UAE Ministry stated that it is keeping a careful eye on Durov’s situation and has taken steps to guarantee he gets the necessary consular support. French Investigation Expands to Include Multiple Allegations On July 8, 2024, there was a start of a judicial investigation connected to Durov. Twelve criminal offenses are alleged in the investigation. These crimes include financial crime, drug trafficking, obstruction of justice, cybercrime, and technological regulation violations. In addition, while the investigation is ongoing, Durov’s detention order has been extended by the Paris Public Prosecutor’s Office. He has not been officially charged with anything as of yet. #TelegramCEO #DOGSONBINANCE #Durov #BNBChainMemecoins #Toncoin $TON $NOT $BTC

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Terraform Labs to Wind Down Operations Amid SEC Settlement 50X Profit Potential With BRED Token, Convert your 100 usd to 5000 USD, Pre Sale Price Is Live, Pre Sale Price Is $0.01 And Exchange Listing Price $0.50, This Is 50X Profit Opportunity, Don't Miss This Pre Sale, Join Now Pre Sale At Official Website, WWW.BREDTOKEN.XYZ Terraform Labs (TFL), the company behind the Terra blockchain, is entering its final chapter as it begins winding down operations. According to a post on X, this move follows a settlement with the U.S. Securities and Exchange Commission (SEC) and the impending implementation of a Chapter 11 bankruptcy plan. Terra Blockchain Evolution Now Rests on Community Developers As a result, Proposal 4818 will mark the final chain upgrade from TFL, signaling the company’s exit from active involvement in the blockchain’s maintenance and development. As TFL steps back, the Terra blockchain’s future will now be shaped by community-driven initiatives. Among these initiatives is the Phoenix Directive, which has emerged as a leading framework designed to take over maintenance and operational responsibilities. Proposal 4818 signifies a significant shift for Terraform Labs, signaling a new chapter where the community assumes control. Due to TFL’s legal constraints, the ongoing development of the Terra blockchain now depends primarily on community developers and dedicated leaders who are enthusiastic about the project’s future. SEC Seeks Billion in Penalities From Terraform Labs In April, the US SEC filed a motion requesting billions of dollars in disgorgement and civil penalties against Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. #SEC #LUNC #USTC #LUNA #TERRA $LUNC $LUNA $BTC

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Ripple XRP Falls 3%, Can It Reclaim $0.60 This Week 50X Profit Potential With BRED Token, Convert your 100 usd to 5000 USD, Pre Sale Price Is Live, Pre Sale Price Is $0.01 And Exchange Listing Price $0.50, This Is 50X Profit Opportunity, Don't Miss This Pre Sale, Join Now Pre Sale At Official Website, WWW.BREDTOKEN.XYZ The cryptocurrency market slightly recovered over the weekend, with Bitcoin (BTC) briefly reclaiming the $64,000 level. Ripple XRP hasn’t followed that path directly, rising over the weekend but slipping back down 3% on Monday. At press time, XRP is trading down at $0.5862. Following its temporary pump to $0.62, investors were hopeful the coin could breach 63 cents, but it failed to do so. Now, Ripple’s native currency is hoping just to return to the 60-cent threshold over the coming days. XRP was performing well last week, in part thanks to Bitcoin’s success. The top cryptocurrency by market cap traded well, jumping 7% last week to above $63,000. When BTC performs well, typically the rest of the crypto market follows suit. On Monday, BTC fell back down a bit, by 2%, which caused XRP to do the same. The weekend market rally is likely due to Federal Reserve chair Jerome Powell’s announcement of interest rate cuts beginning in September 2024. Traders and investors had long anticipated a rate cut this year. If cuts do come, the cryptocurrency market could reap benefits, including XRP. The drop in interest rates could boost investor confidence to invest in cryptocurrencies. Ripple’s XRP token would be a favorable choice, due to its growing popularity and market cap. XRP trading volume remains up despite the slight downtick, which could help drive the asset back to $0.60. Volume is up 25.59% in 24 hours, revealing the asset remains of strong interest to investors. If trading volume remains high this week, the asset could climb back to 60 cents and beyond. #XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $BNB

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