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📣 Aptos launches keyless wallets that use ZK-proofs to verify identities Aptos Connect allows users to log in with a Google ID without needing an MPC Network, Magic Links, or Windows passkey. According to a July 3 announcement, the Aptos blockchain has launched a web-hosted keyless wallet application that uses ZK-proofs to verify users. Called “Aptos Connect,” the new wallet allows users to connect to decentralized applications using a Google login without needing hardware security modules, passkeys, or a multiparty computation network. According to the announcement, Aptos Connect “simplifies Web3 onboarding by allowing users to create and manage Aptos blockchain accounts in 1 click with their Google login, eliminating the need for private keys and providing a seamless experience within [the developer’s] app.” It does this by using “the OpenID Connect (OIDC) standard and zero-knowledge proofs to link social logins to blockchain accounts.” Allowing users to log in with a Google or Apple ID is not a new idea in crypto. Several wallet protocols already do this, including Magic Labs’ “Magic Links,” Web3 Auth, and Coinbase’s Smart Wallet. However, Aptos Connect claims to provide the same convenience without requiring users to click an email link, enter a passkey, or rely on a multi-party computation network. Instead, users simply push a “Continue with Google” button and select a Google Account to log into their wallet. Aptos claims that Apple ID integration is “coming soon,” which will provide an alternative for users that do not want to use Google. According to developer documents, the new app was made possible by Aptos Improvement Protocol 61 (AIP-61), which allows transactions to be authorized through the JSON Web Tokens (JWTs) used by Google, Facebook, Apple, and other login providers. ZK-proofs are used to disguise the identity of the user and login provider. This prevents blockchain data from revealing the Google ID associated with a particular Aptos account. $APT #APT #Aptos
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⚠️ German MP Urges Government to Stop Selling Bitcoin Joana Cotar, an independent member of the Bundestag, has urged the government to stop its Bitcoin selling spree. Cotar has informed Michael Kretschmer, one of the deputy chairs of the CDU, Christian Lindner, the Federal Minister of Finance, as well as Chancellor Olaf Scholz that this is "counterproductive." She has invited them to her lecture with Bitcoin evangelist Samson Mow that is scheduled to take place on Oct. 17. In her letter, the MP argues that the largest cryptocurrency offers "a unique opportunity" for asset diversification. It is capable of mitigating risks that are related to having excessive exposure to traditional asset classes. Bitcoin can also act as a hedge against inflation and currency devaluation due to its scarcity, according to Cotar. Moreover, the pro-Bitcoin MP has noted that the leading cryptocurrency could also promote innovation, economic sovereignty as well as technical progress. In 2023, Cotar also introduced a bill that would make the flagship cryptocurrency legal tender in Germany, following the lead of El Salvador. The German government went on a major selling spree last month, moving hundreds of millions of dollars worth of BTC to exchange. This bearish factor likely contributed to Bitcoin's underperformance. The German government became one of the largest holders of the flagship cryptocurrency following its crackdown on Movie2k.to, a popular piracy website, more than a decade ago. Earlier today, PeckShieldAlert reported that the German government had transferred another 1.3K BTC to exchanges, amplifying selling pressure. Meanwhile, the price of Bitcoin recently crashed to $56,836. #BTC $BTC #Germany
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📣 PEPE Might Hit Floor as 8.27 Trillion Support Comes into View PEPE is in the spotlight after carting away with a $4 million liquidation amid an unrelenting price slump. At the time of writing, PEPE has fallen by a massive 8.16% to $0.00000959, casting doubt on its recovery potential. This 24-hour slump has extended its losing streak with a monthly slump of 33.2%, per data from CoinMarketCap. 🔸 PEPE support zone While the negative figure positions PEPE as one of the coins taking the brunt on the market, it also brings key metrics into proper focus. Per data from crypto analytics platform IntoTheBlock (ITB), at the current level, the ultimate support zone of PEPE is set at the $0.000009 price level. Per the data, at this price level, a total of 8.27 trillion PEPE are concentrated by volume. For the coin to fall below this level, these entire tokens will have to be sold off, a feat that might prove relatively tough for the bears to pull off. While PEPE is not known to fly solo in terms of price breakout, it is likely to hit its floor price faster than the majority of its peers. PEPE has an immediate target of $0.000012, which has formed its basic support zone for some time. In the push toward a recovery, PEPE will bank on its whale action, which has proven to be a prominent factor driving its price action overall. 🔸 Market sentiment not aligning Bitcoin was responsible for the market drawdown as the price fell to $58,000, bringing crypto liquidations to more than $294 million. As one of the altcoins that maintains a strong correlation with Bitcoin, PEPE has to fall in line with the broader market. Despite claims from critics, top proponents anticipate a rebound in the Bitcoin price soon. If this expectation aligns, it might drive the price of PEPE upward as well. $PEPE #PEPE #Pepecoin
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📉 Frightening Prediction for Bitcoin from the Analyst Who Knows the Drop in January! Bitcoin and cryptocurrency markets have experienced a major collapse in the last 24 hours. While the Bitcoin price fell below $60,000, a total of $200 billion has been deleted from the cryptocurrency market since July 1. While this decline in Bitcoin also affects the altcoin market, especially Ethereum, ETH increased by 4.5% in the last 24 hours; Solana (SOL) 7.5%; Telegram-linked Toncoin (TON) 7.3%; BNB fell by 5.9% and Dogecoin (DOGE) by 7.6%. While the decline made investors nervous, 10x Research founder Markus Thielen predicted that Bitcoin would fall to $ 50,000 in his current analysis. Thielen expects Bitcoin to fall below $57,000, with the price potentially reaching $50,000. According to the analyst, the recent declines indicate a significant market change as purchasing flows decrease and sales flows accelerate. Markus Thielen reminds that the data at the beginning of June showed that the market was ready for correction. expected Mt. He predicts that the sell-off, which coincides with the Gox repayments, could accelerate further as support levels are broken and the price could fall further. 💬 “Bitcoin is breaking key technical and psychological levels at $60,000. $60,000 is an important level for Bitcoin miners and BTC ETF buyers and also generally marks the bottom (support) of the three-month trading range. Price declines may accelerate as support breaks and sellers scramble to find liquidity. A break of this support could lead to a sharp decline towards $50,000. Only uninformed investors are willing to buy here. “ 💬 #Bitcoin Is Crashing to $50,000 – But You Are Prepared ! — 10x Research Apart from Markus Thilen, FxPro senior market analyst Alex Kuptsikevich also said that he predicted a decline for BTC. Speaking to Comdesk, Kuptsikevich stated that the BTC price touched the lower border of the descending channel and fell below the 200-day SMA. “Bitcoin price may drop to $51,500 in the short term. $BTC #BTC
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🐱 Hamster Kombat’s Token Will Launch on TON Blockchain With Breakthrough Milestones Key Points: ● Hamster Kombat reached 239 million registered users in three months and 100 million monthly active users in just 73 days, making it the fastest-growing digital service globally. ● Hamster Kombat’s tokens are expected to launch on the TON blockchain with a strategic move to integrate blockchain benefits for its extensive user base. ● Hamster Kombat raised questions about its token launch and airdrop with its growing community. Telegram CEO Pavel Durov recently announced that Hamster Kombat, a mini-app available on the platform, has become an Internet sensation. 🔸 Hamster Kombat Achieves Record-Breaking Growth on Telegram Durov’s post highlights the app’s meteoric rise, noting that it reached 100 million monthly active users in just 73 days, with 4-5 million new users joining daily. In just three months, the app has amassed 239 million registered users. The rapid growth positions Hamster Kombat as the fastest-growing digital service globally. The game’s simplicity, which revolves around earning coins by clicking, has resonated with users, especially in Iran, where it has attracted thousands of players. The “Tap to Earn” model has proven successful in the cryptocurrency industry, with Hamster Kombat following in the footsteps of Notcoin, a pioneer in this space. The success of these projects demonstrates the viability of combining gaming with cryptocurrency incentives. 🔸 Cryptocurrency Community Anticipates Upcoming Hamster Kombat’s Token Airdrop In addition to its gaming appeal, Hamster Kombat’s token is expected to be released on the TON blockchain, bringing blockchain advantages to its vast user base. On July 4, Hamster Kombat’s official post raised questions about the timing of its token launch, airdrop, and token generation events. This post has drawn significant attention from the cryptocurrency community, suggesting that an Hamster Kombat’s token airdrop on the TON blockchain could be imminent. #TON #HamsterKombat
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