đ Silicon Valley startup Fabric Cryptography just bagged a cool $33M in Series A funding to revolutionize data privacy with their new Verifiable Processing Unit (VPU) chip! đĄïž
- Co-led by Blockchain Capital and 1kx, with big names like Offchain Labs, Polygon, and Matter Labs hopping on board.
- This follows a $6M seed round, showing serious investor confidence.
- The VPU aims to supercharge cryptographic workloads, leaving CPUs and GPUs in the dust.
Founders from MIT and Stanford are on a mission to make cryptographic algorithms faster and more efficient. Got thoughts? Drop them in the comments! đŹ
**Silicon Valley Startup Fabric Cryptography Raises $33M to Revolutionize Data Privacy**
Fabric Cryptography, a Silicon Valley hardware startup, has secured $33 million in a Series A funding round co-led by Blockchain Capital and 1kx. The funding aims to develop a new cryptography processing unit called the Verifiable Processing Unit (VPU), designed to enhance data privacy.
- **Investors:** Offchain Labs, Polygon, and Matter Labs also participated.
- **Previous Funding:** This follows a $6 million seed round led by Metaplanet.
- **Founders:** Michael Gao, Tina Ju, and Sagar Reddy, former MIT and Stanford students.
The VPU, expected to go into production later this year, promises to improve the speed and cost of cryptographic workloads compared to traditional CPUs and GPUs. The startup has already received significant pre-orders from the Web3 industry.
Fabric Cryptography is also developing a software stack to make this technology accessible to developers, ensuring the VPU can adapt to new cryptographic algorithms as they emerge.
$ZEC after a significant uptrend may still spike up from here to $63.50, as momentum is still strong. However, if it breaks below the current support line, it could drop to $34.10, with a further decline to $23.22 if that range fails to hold.
For now, I remain bullish.
#Zcash #zec #CryptoMarketMoves #MarketDownturn
â ïž Breaking Updates Regarding $ARB $RENDER $INJ
Please Vote for me We are Not even in top 20 đ
ARB (Arbitrum): ARB has experienced a minor decline from the 0.54000 area to 0.5371, signaling a brief correction. Even the recent bounce around 0.53800 failed to break through the critical resistance zone at 0.55000. For a bullish continuation, ARB must breach the 0.56000 level and close above 0.57000. Otherwise, a bearish outlook may persist.
RENDER (Render): RENDER has experienced a significant decline from the 4.50000 area to 4.42, signaling intense selling pressure. Even the recent bounce around 4.45000 failed to break through the critical resistance zone at 4.60000. For a bullish reversal, RENDER must close above 4.70000 and target the 4.80000 area.
INJ (Injective): INJ has faced a notable decline from the 18.50000 area to 17.76, indicating intense selling pressure. Despite the recent bounce around 18.00000, INJ failed to break through the critical resistance zone at 19.00000. For a bullish reversal, INJ must close above 19.50000 and target the 20.00000 area.
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#BTCâ #MtGoxJulyRepayments #Write2Earn!
#BinanceLaunchpoolTON #BinanceTurns7
đ **ETH: The Rollercoaster Ride Continues! đą**
Ether (ETH) has been on a wild ride, trading within a narrow $230 range since Aug. 9, holding strong at $2,550. But let's not forget, itâs down 20% from its July high of $3,300. The crypto marketâs been a bit like a soap opera lately, with ETH facing its own drama.
- **Spot Ether ETFs:** Not the heroes we hoped for. Since Aug. 9, they've seen $30 million in net outflows. Ouch!
- **DApps Drama:** Ethereum's decentralized apps have seen a drop in activity. Uniswap, Ethereum's top DApp, had 114,180 active addresses last week, while Solana's Pump.fun had 225,110. Talk about sibling rivalry!
Despite the hiccups, Ethereum's layer-2 solutions are buzzing, hitting a record 348 transactions per second on Aug. 17. Plus, Ethereum's total value locked (TVL) grew by 9% in 30 days, reaching ETH 18.6 million on Aug. 18. đ
Is ETH gearing up for a comeback? Share your thoughts in the comments! đŹ
*Disclaimer: Not financial advice. Do your own research.*
**Ethereum Faces Challenges Amid Market Downturn**
Ethereum (ETH) has been stuck in a tight $230 range since August 9, holding steady at $2,550. This marks a 20% drop from its late July high of $3,300. The broader crypto market slump is partly to blame, but Ethereum has its own hurdles.
- **DApp Activity Drops**: Ethereum's decentralized applications (DApps) have seen a significant decline in activity over the past week, impacting overall network performance.
- **ETF Outflows**: Spot Ether ETFs have experienced $30 million in net outflows since August 9, dampening bullish momentum. Investors hope inflows from major players like BlackRock and Fidelity will offset these losses.
- **High Fees**: Ethereum leads in total value locked (TVL) and transaction volumes but charges higher fees than competitors. This has driven users to alternative networks like Solana, BNB Chain, and TON.
- **Layer-2 Solutions**: Despite challenges, Ethereumâs layer-2 solutions like Base, Optimism, and Arbitrum hit a peak of 348 transactions per second on August 17.
- **TVL Growth**: Ethereumâs TVL grew by 9% in 30 days, reaching 18.6 million ETH on August 18, reflecting medium-term investor confidence.
While Ethereum faces a tough road to reclaim $3,300, the network's ongoing development and layer-2 activity offer some optimism.
I started my crypto journey with just $1,000, and today, Iâm sitting on $2.8 million. A year ago, I had only $8k. Itâs been 6 years in the crypto space, with the first 5 years being a struggleâuntil I finally cracked the code on trading altcoins.
Before I share my strategy, I have a small favor to ask. Iâve put a lot of effort into writing this thread to genuinely help you. If you find it valuable, please consider bookmarking it, retweeting, commenting, or simply hitting like. It would mean a lot to me.
In the last year, I turned $1k into $2.8M through crypto. Most of these profits didnât come from trading BTC or ETH, but from identifying and trading altcoin gems. Today, Iâm going to reveal the strategy I used to spot those gems.
My strategy is built on three key pillars:
- Understanding Crypto Market Psychology
- Tracking Insider Wallets
- Identifying Undervalued Projects
Mastering these can lead to 100x returns or more in this cycle. Letâs break it down:
1/ Understanding Crypto Market Psychology
The crypto market is cyclical, driven by emotions. People's psychology remains consistent, leading the market to repeat itself. The image below illustrates a typical market psychology pattern.
2/ Buy the Fear, Sell the Greed
This simple rule can yield massive profits. Most people are familiar with it, yet when the market is in fear, they sell, and when greed kicks in, they buy. To succeed, you need to do the oppositeâbuy when thereâs fear and sell when thereâs greed.
3/ Insider Trading
Hereâs a practical example: I tracked a wallet that bought $POPCAT right after its launch for just $140. Today, that investment is worth $155M. Many believe this is a dev wallet, but Iâm convinced itâs an insider trader.If you find this strategy useful, feel free to follow me and bookmark this post on Binance, so you don't lose it. Donât forget to vote as wellâyour support is appreciated.
#BTCâ #MarketDownturn
đ±đđThese Altcoins Could Break Out This Week
FANTOM (#FTM ) At the top of the list is Fantom,
which has been experiencing bullish momentum since mid-May. At the time of writing, the altcoin is consolidating at the breakout point of the descending wedge formation.This bullish formation suggests a potential 77% rally for $FTM after the altcoin breaks out. This puts the target for FTM at $0.68. Even if Fantomâs price fails to reach this breakout, it could still rally to $0.50.However, if Fantom fails to break out above the $0.41 resistance, it could fall back to test $0.29 as support. This would lead to consolidation for FTM and invalidate its bullish thesis.
$AAVE While #AAVE is not in the heat of a breakout, it is on track to see one in the coming days. Currently trading at $110, distributed AAVE is potentially starting a breakout from the widening rising wedge if it can replicate the 20% rally from the previous week.
The same is likely to happen because bullish momentum has increased significantly. Once $116 is breached, AAVE could surge towards 129, which could be the breakout point. A breakout from here would boost AAVE by 29% to 167.
However, if the altcoin fails to generate enough bullish momentum, it may not be able to break through $116. In the meantime, it could repeat itself, invalidating the bearish thesis and sending AAVE to $100.
Monero (#XMR ) Moneroâs price is following a similar falling wedge pattern to Fantomâs and is on the verge of a breakout. The bullish outlook suggests that XMR could see an almost 17% increase if it successfully breaks out.
This puts the rally target at 181, the highest level for XMR in years. While Monero may not reach 181, it could potentially rally to 165. If the test at this level develops as resistance, the altcoin will have stronger upward paths for the rally to occur after this point.
{spot}(AAVEUSDT)
{spot}(FTMUSDT)
#altcoins #binance
đ **Big Bitcoin Buy Incoming? Michael Saylor's Playful BTC Tweet!** đ
On Sunday, MicroStrategy's executive chairman Michael Saylor teased the crypto community with a tweet, âWeâre going to need a bigger truck,â accompanied by the Bitcoin hashtag. Could this hint at more bold Bitcoin moves for his company? đ»đ°
Under Saylor's leadership, MicroStrategy has been on a Bitcoin buying spree. Earlier this month, the company announced plans to raise $2 billion to buy more BTC by selling corporate shares. In Q2 2024 alone, they acquired 12,222 BTC, bringing their total to a whopping 226,500 BTC! đ
With Bitcoin's current value, MicroStrategy's holdings are worth around $13.5 billion. Despite market caution, Saylor's bullish stance on Bitcoin remains unwavering. đ
đ Breaking News in the DeFi & Web 3 World! đ
A New York judge just gave the SEC a reality check in their case against Tron Foundation & Justin Sun. The SEC tried to sneak in an extra argument, but Judge Ramos said, "Not today, SEC!" đ
Tronâs defense team fired back, claiming the SEC was trying to create drama where there was none. The judge agreed, denying the SEC's request for a pre-trial conference.
Is this a win for DeFi? We think so! đ
What do you think? Drop your thoughts in the comments!đ
#DeFi #Web3 #Tron #CryptoNews #SEC
**VanEck's Solana ETF Plans Still Alive Despite Cboe Filing Removal**
VanEck's ambitions for a Solana (SOL) exchange-traded fund (ETF) remain intact, even after Cboe Global Markets removed its regulatory filing to list the fund. Matthew Sigel, VanEckâs head of digital assets research, clarified that while the 19b-4 filing is no longer visible on Cboe's site, the ETF prospectus (S-1) is still active.
- Cboe filed a request with the SEC in July to list VanEck and 21Shares' SOL ETFs.
- The 19b-4 filing disappeared from Cboe's website as of August 9, sparking speculation.
- VanEck asserts SOL is a commodity, akin to BTC and ETH, and continues to work with regulators.
Stay tuned for updates on this evolving story.
đ Solana Funds Mark Record Losses While Bitcoin ETFs Gain đ
đ„ Solanaâs Record Outflows:
đ» $39 Million Pulled: Investors withdrew a record $39 million from Solana-based funds last week.
đ Meme Coin Impact: Declining trading volumes of Solana-based meme coins, like Dogwifhat (WIF) and Bonk, contributed to this massive outflow.
đ Global Reach: Outflows primarily affected European and Asian markets, as U.S. investors still await Solana ETPs.
đ° Bitcoin ETFs See Modest Gains:
đ” $42 Million Inflows: Bitcoin funds saw $42 million in new investments, up from $13 million the previous week.
đ Spot ETFs Lead the Way: Approved by the SEC in January, Bitcoin spot ETFs from giants like BlackRock and Fidelity are leading the charge on American stock exchanges.
đ Market Overview:
đ Crypto Fund Inflows Down: Total inflows fell to $30 million last week from $176 million the week prior.
đ Price Movement: Bitcoin trades at $58,500, down 12% over the past 30 days, while Solana sits at $144, down 15%.
đ Crypto Market in Flux: As Solana faces challenges, Bitcoin remains a stronghold for investors seeking stability in a volatile market.
#SolanaStrong #Bitcoinâ #ETFs
BREAKING NEWS! đșđž Donald Trump said he would offer Elon Musk a cabinet or advisory role if elected president.
The possible acceptance of such an offer would have significant consequences for both the US economy and the #crypto world.
Today, Kamala Harris officially declared that she does not care about #Bitcoin and crypto. This news that followed can be evaluated as another step by Trump to win over the crypto-supporting electorate.
In addition, Musk's vision and plans can take America even further in technology and especially space.
In these years when space programs are once again valued worldwide, giving an official role to Elon, the owner of SpaceX, is a key step towards maintaining dominance on behalf of the US.
Urgent Urgent Urgent !!!!!!
Informative !!!!!!!!!!!!!
What is a blockchain? Today we'll talk about it. Many people donât even know the basics, so today I'll try to explain it in simple terms. Blockchain is a type of database. But what is a database? A database is a collection of information that is electronically stored on a computer. In this database, data is kept in table form so that searching and filtering information can be done easily. This technology was first introduced in 1991 by Stuart Haber and W. Scott Stornetta, but blockchain found its real-world application with the launch of Bitcoin in 2009.
Now, letâs understand why itâs called a blockchain. The reason is that it collects information in groups, and these groups are called blocks. Each block has a limited storage capacity, so when one block is filled, it joins another block, forming a chain of data. This is why itâs called a blockchain. If you want to know more details about it, type 'yes' in the comments.
#MarketDownturn #CryptoMarketMoves #BinanceTurns7 #PowellAtJacksonHole #HamsterKombat
đ Moodyâs and Elliptic Join Forces for VASP Screening! đ
Moodyâs, the financial research giant, has teamed up with blockchain whizzes Elliptic to up their game in screening virtual asset service providers (VASPs). This dynamic duo will blend offchain and onchain data into one slick interface.
- **Whatâs the scoop?**
- Combining digital asset transaction histories, financial records, and regulatory databases.
- Crafting a âcomprehensive overviewâ of VASPs.
- **Why should you care?**
- Traditional finance needs better AML and compliance frameworks.
- Elliptic profiles over 1,000 VASPs using real-time data.
đĄ Thoughts? Drop your comments below! đĄ
**Moodyâs and Elliptic Join Forces for Enhanced VASP Screening**
Moodyâs, a leading financial research and ratings firm, has partnered with blockchain analytics and compliance experts Elliptic to offer improved screening for Virtual Asset Service Providers (VASPs). This collaboration aims to merge offchain and onchain data into a single, comprehensive interface.
- **Data Integration**: The service will combine digital asset transaction histories, financial records, and regulatory databases.
- **Enhanced Screening**: Ellipticâs real-time onchain data and Moodyâs extensive offchain data will create an integrated risk engine.
- **Compliance Focus**: The new service addresses the growing need for robust Anti-Money Laundering (AML) and Know Your Customer (KYC) frameworks in traditional finance.
Elliptic supports 43 blockchains and provides insights into crypto crime trends, while Moodyâs continues to explore the impact of digital currencies on traditional finance. This partnership marks a significant step towards more effective compliance in the evolving digital asset landscape.