The clock is ticking on 99Bitcoins Token’s (99BTC) presale.

With less than 24 hours left, would-be investors have one final chance to buy 99BTC tokens before they hit the open market.

Investors are scrambling to get involved – believing this new crypto education token could take off once it starts trading on a DEX.

99Bitcoins Launches New Crypto Education Token 99BTC

99Bitcoins isn’t a new name in the crypto market.

This crypto education platform has been around for over a decade, helping newbies and experienced traders navigate the Web3 space.

With a whopping 2.8 million subscribers and 79 courses on offer, they’ve built a solid rep as the go-to place for crypto know-how.

Now, the team is shaking things up with their own token – 99BTC.

But it isn’t just another useless token.

It’s the fuel behind their new Learn-to-Earn setup.

This setup lets users learn about crypto topics, like the latest DeFi coins or AI tokens, and earn crypto as a reward.

For newcomers, it’s like getting paid to study.

And for veteran investors, it’s a chance to brush up on skills and earn some extra crypto in the process.

So, whether you’re just entering the market or have been active for years, 99Bitcoins Token will make learning pay off.

It’s a setup that’s led to tremendous buzz from the crypto community.

Over 4,600 people are now active in 99Bitcoins’ Telegram channel, discussing the project’s future potential.

Countdown to 99Bitcoins Token’s Presale Deadline

Time is running out in the 99Bitcoins Token presale, with the countdown ticking down to less than 24 hours.

It isn’t just another “get in quick” scenario – it’s the final stretch before 99BTC hits the open market.

And investors are taking notice.

At $0.00116 per token, the presale price looks like a steal, especially with a DEX listing just around the corner.

This listing will take place on August 8th at 10am UTC.

Once that happens, all bets are off on where 99BTC’s price might go.

We’ve seen this story play out before – presale tokens exploding in value right after their first exchange listing.

However, it’s not just about potential price gains.

Buying now means locking in your spot in the 99Bitcoins Token ecosystem at the earliest possible stage.

And given all the hype around the new Learn-to-Earn setup, it could provide some serious advantages down the line.  

Staking, Audits, & Ambitious Roadmap Boost Hype for 99Bitcoins Token

But there’s more to the 99Bitcoins Token story.

The team has also rolled out a staking protocol that’s become popular – offering annual yields of 656%.

That means presale investors can stake their 99BTC and watch their holdings grow at a (potentially) astronomical rate.

It means there are two ways to earn crypto in the project’s ecosystem.

And to back it all up, 99Bitcoins’ smart contracts have received a full audit from SolidProof.

This audit found no significant issues, adding more security and trust for investors.

Looking ahead, the development team has a jam-packed roadmap.

The DEX launch is set for August 8th; then, there will be Learn-to-Earn optimization and even a bridge to the BRC-20 token standard.

After 2024 ends, the team is looking at a full platform release and strategic collaborations.

No specifics have been revealed about these collaborations, but there’s already buzz on Twitter about them.

When taking all this into account, the signs look promising for 99BTC.

If the team can sustain this momentum post-listing, then 99Bitcoins Token might be primed to take off.

Visit 99Bitcoins Token Presale

The bears are still in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $1.89T as of press time, representing a 12.59% decrease over the last 24 hours, while the trading volume jumped by 75% over the same period to stand at $117.56B as of press time. 

Bitcoin Price Review

Bitcoin, $BTC, has plunged massively in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price has moved significantly below the lower Bollinger Band, indicating a potential oversold condition. This typically signals a possible reversal or a bounce-back. The bands are widening, suggesting increased volatility. 

On the other hand, we see that the Bitcoin price is trading well below the 50 SMA, indicating a strong bearish trend. The 50 SMA is sloping downward, reinforcing the bearish sentiment. On the other hand, we see that the ADX (Average Directional Index) value is 54.22, which indicates a strong trend. Since the price is declining, the trend is bearish. Bitcoin traded at $52,454 as of press time, representing a 13.48% decrease over the last 24 hours.

4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review

Ethereum, $ETH, is among the top losers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator’s lines (jaw, teeth, and lips) are diverging, suggesting a strong bearish trend. The Ethereum price is trading below all the Alligator lines, confirming the bearish momentum.

On the other hand, we see that the Volume Oscillator shows a spike in volume, indicating strong selling pressure. Ethereum traded at $2,316 as of press time, representing a 20.4% decrease over the last 24 hours.

4-hour ETH/USD Chart | Source: TradingView Lido DAO Price Review

Lido DAO, $LDO, is among the top loosers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that The Supertrend indicator is in the red, indicating a sell signal. The Lido DAO price is significantly below the Supertrend line, suggesting strong bearish pressure.

On the other hand, the Woodies CCI (Commodity Channel Index) values are deeply negative, indicating the asset is oversold. The strong negative CCI suggests that the downtrend may continue, but a potential reversal could be on the horizon due to oversold conditions. Lido DAO traded at $0.9825 as of press time, representing a 26.5% decrease over the last 24 hours.

4-hour LDO/USD Chart | Source: TradingView JasmyCoin price Review

JasmyCoin, $JASMY, is also among the top losers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the JasmyCoin price is trading below the Ichimoku Cloud, indicating a bearish trend. The Leading Span A and Leading Span B are both above the price, suggesting strong resistance above.

On the other hand, we see that the Awesome Oscillator (AO) is negative, confirming bearish momentum. The histogram bars are increasing in the negative direction, indicating strengthening bearish momentum. JasmyCoin traded at $0.01808 as of press time, representing a 24.45% decrease over the last 24 hours.

4-hour JASMY/USDT Chart | Source: TradingView Chainlink Price Review

Chainlink, $LINK, is also among the top losers as seen from its price movements. Looking at an in-depth analysis, we see that the Chainlink price is below the median line and lower boundary of the pitchfork, indicating a strong bearish trend. The Chainlink price is far below the lowest support line of the pitchfork, suggesting extreme bearish pressure.

On the other hand, we see that the ADX (Average Directional Index) value is 54.61, indicating a strong trend. Given the downtrend in price, this suggests strong bearish momentum. Chainlik traded at $8.87 as of press time, representing a 23.33% decrease over the last 24 hours.

4-hour LINK/USDT Chart | Source: TradingView

This Month has been good for certain coins, as seen from their price movements. This month’s pumps can be attributed to various political events that have stirred enthusiasm into the crypto community over the period as well as individual developments.

Helium Price Review

Helium $HNT is this month’s top gainer, as seen from its price movements during the period. The Helium price has recorded a 22.4% surge over the period, holding a spot price of $3.62 as of press time.

Helium’s pump over the month can be attributed to its activity in the community space. As of August first, Helium had surpassed 250,000 Offload Subscribers from major US carriers in their beta phase, with only 25 hotspots.

We just surpassed 250,000 Offload Subscribers from major US carriers in our beta phase, with only 25 hotspots!📶 This number will continue to grow as we allow more hotspots into the program.This is just the beginning. pic.twitter.com/IowIUVIzcz

— Helium Mobile ☁️🪿🥚 (@helium_mobile) August 1, 2024

Mantra Price Review

Mantra, $OM, is also among this month’s top gainers as sen from its price movements. The Mantra price has recorded a 4.46% surge over the period, holding a spot price of $0.8915 as of press time.

Mantra’s pump over the month can be attributed to recent listings that saw it close the month strongly. On July 29th, the token’s community announced that  $OM was available for deposits and withdrawals on AscendEX via Base Chain, an event that caused some enthusiasm on the token. 

🕉️ $OM is now available for deposits and withdrawals on @AscendEX_ via Base Chain. #MANTRA #HomeForRWAs https://t.co/KaB5p6u2Bg pic.twitter.com/QM5wHthfWh

— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 29, 2024

PAX Gold Price Review

PAX Gold, $PAXG, is also among the gainers in today’s session as seen from its price movements. PAX Gold price has recorded a 2.74% surge over the period, holding a spot price of $2,418 as of press time.

PAX Gold’s pump over the month can be attributed to recent its performance this week that might have seen it close the month strongly. $PAXG was among the week’s top ten gainers, having seen a 2.5% increase over the period. 

Top 10 Weekly Gainers $MOCA +27.3%$XEMM +20.8%$AAVE +7.7%$CDT +6.3%$MPLX +4.2%$ZEC +2.8%$PAXG +2.5%$XAUT +2.3%$WBT +1.3%$ELF +0.7%#Crypto #BTC #Eth #Web3 pic.twitter.com/zB4oJcFKPR

— Charged Ventures (@ChargedVentures) August 3, 2024

Ripple Price Review

Ripple, $XRP, is also among the gainers in today’s session as seen from its price movements. The Ripple price has recorded a 12.14% surge over the period, holding a spot price of $0.4515 as of press time.

Ripple’s pump over the month can be attributed to recent events over the month that might have caused entuhusiasm as well. One notable event is when Ripple was featured in Fortune magazine’s best workplaces for millennials list, an event that might have contributed to this.

We’re honored to share that @Ripple is featured in @FortuneMagazine’s Best Workplaces for Millennials list!Thank you to our team of Ripplers for all that you do, and @GPTW_US for the recognition as a 2024 #GreatPlaceToWork. https://t.co/m6RsEAsnb2

— Ripple (@Ripple) July 18, 2024

Tether Gold Price Review

Tether Gold, $XAUt, is also among the month’s top gainers s also seen from the price movements over the period. The Tether Gold price has recorded a 2.72% surge over the period, holding a spot price of $2,429.83 as of press time.

Tether Gold’s pump over the month can be attributed to a recent listing over the month. On July 16th, $XAUt announced that it was live on dexnet one, an event that might have stirred some enthusiasm. 

Tether Gold (XAU₮) is live on @dexnet_one pic.twitter.com/7s0wom3rOw

— Tether Gold (@tethergold) July 16, 2024

The crypto market has grown so fast that we have an overwhelming number of tokens to trade. This has brought about token overload, and we are concerned about the tokens offered by exchanges. With that in mind, we need to look at the responsibility exchanges have in managing the tokens they offer. 

Should exchanges be required to whitelist tokens to have more trust and security for their users? This is especially relevant given platforms like Mosaic Alpha who have made token whitelisting a part of their strategy to create a safe trading environment.

Exchanges and Token Offerings

Cryptocurrency exchanges are the heart of the digital asset space, the entry point for users to buy, sell, and trade tokens. Given their central role, they have a big impact on the market and user experience. That impact comes with a responsibility to make sure the tokens they list are legitimate and safe to trade. Without proper supervision, exchanges can accidentally expose their users to fraudulent or unstable tokens and users will lose money and lose trust in the market.

Trust and credibility is key to user confidence. When an exchange lists a token, they are vouching for that token’s legitimacy. So the token selection process is not just a technical issue but a matter of the exchange’s integrity and protecting their users. In this context, whitelisting becomes a potential solution to token offerings.

The Concept of Whitelisting Tokens

Whitelisting is a process where exchanges thoroughly vet tokens before they can be traded on their platform. This vetting process involves looking into the token’s underlying tech, the credibility of the development team, compliance with regulatory standards and market potential. By only allowing whitelisted tokens, exchanges can filter out projects that are not transparent or high risk to traders.

Whitelisting has many benefits. For exchanges, it means they can maintain a reputation for quality and safety. For users, it’s an extra layer of assurance that the tokens they invest in have been thoroughly evaluated. This in turn creates a healthier and more stable market.

Whitelisting Discretion: Effectiveness and Drawbacks

Whitelisting is only as good as the discretion used by exchanges in their evaluation process. The concept is sound in theory but hard in practice. Effective whitelisting requires a deep understanding of blockchain, market and regulatory landscape. Exchanges need to have robust mechanism to evaluate tokens accurately and consistently.

But discretion in whitelisting can also lead to pitfalls. One major challenge is excluding legitimate projects that may not meet certain criteria but have potential. This can stifle innovation and limit the number of tokens available to traders. And there is bias in the evaluation process where some projects are favored over others due to subjective reasons.

Despite the challenges, whitelisting can be beneficial if done right. It requires a balanced approach that considers security and innovation in the cryptocurrency space.

Mosaic Alpha: A Model of Responsible Token Offering

Mosaic Alpha is a great example of how whitelisting can be implemented in an exchange. The platform aims to be the future of crypto asset management. Mosaic Alpha has a rigorous whitelisting process that sets the bar high for token evaluation. This process involves multiple layers of scrutiny, technical assessment, team assessment and market analysis.

By having strict whitelisting criteria, Mosaic Alpha only lists tokens with solid fundamentals and clear value proposition. This protects users from scams and poorly developed projects and enhances the overall trading experience. Mosaic Alpha’s whitelisting has earned them a reputation as a trusted and reliable platform, attracting new and experienced traders.

This whitelisting process benefits users. For new traders, it simplifies the complexity and risk of navigating hundreds of tokens. Additionally, the process is helping beginners in crypto how to not lose their money. For experienced traders, it’s a curated list of high quality tokens, making the decision making process easier and potentially better investment outcomes.

Comparisons with Other Platforms

To put whitelisting in context, let’s compare Mosaic Alpha to MakerDAO, PancakeSwap and Uniswap. Each of these platforms has their own token listing process, reflecting their own philosophy and operations.

MakerDAO, with its decentralized stablecoin system, puts community governance in charge of token listing decisions. This is democratic but can lead to slower decision making and conflicts of interest.

PancakeSwap, a popular DEX on Binance Smart Chain, uses automated market making to list tokens. This allows for a wide range of tokens but also means more low quality or fraudulent tokens can get listed.

Uniswap, another big DEX, operates the same way as PancakeSwap but on the Ethereum blockchain. Its open listing policy promotes innovation and inclusivity but requires users to be more careful and do their due diligence.

In comparison Mosaic Alpha’s whitelisting process provides a more controlled and secure environment which is great for users who value safety and quality over quantity of tokens.

The Case for Whitelisting

Given the different token listing approaches, there’s a strong argument for mandating whitelisting across exchanges. Mandating whitelisting would standardise the vetting process so all tokens would go through a minimum level of scrutiny before being offered to the public. This would greatly improve market stability and protect users from scams.

Mandating whitelisting would also promote more transparency and accountability among exchanges. By following standardised criteria they could more easily explain their token listing decisions and users would have more trust.

Of course there are counter arguments. Some might say mandatory whitelisting would limit market diversity and slow down innovation. But these can be addressed by designing flexible and inclusive whitelisting criteria that allows for a wide range of projects while still prioritising security and quality.

Conclusion

Exchanges have a big responsibility in managing token offerings. As the market grows, the quality and trustworthiness of listed tokens becomes more important. Whitelisting is a solution to this problem, a way to balance security with innovation.

Mosaic Alpha’s whitelisting approach is the benchmark for other exchanges to follow. By having thorough and transparent vetting process exchanges can protect their users and build a more reliable and trustworthy market. As the crypto landscape evolves, mandatory whitelisting will be key to a safe and sustainable trading environment.

XRP (XRP) and Rollblock (RBLK) are battling for the highest projected growth in 2024. XRP was recently upgraded to 50x growth on a legal win, while the highest estimates for top altcoin Rollblock are up to x100 on its presale blowout. Ethereum (ETH) whales are pouring into both tokens after the Ethereum ETF’s underperformance.

Ethereum Price Craters Instead of Moons After ETF Launch 

The Ethereum price took another 5% dive today, which brings the total drop since the launch of Ethereum ETFs to 9%. 

Investors poured billions into Ethereum ahead of the ETF launch on July 23rd. Whales and smaller investors alike expected Ethereum to soar to the moon on massive new inflows from Wall St. and retail investors. Instead, the Ethereum price cratered right after the launch, and it has not recovered since.

Now Ethereum whales are running for the exits and dumping their big-name token for promising altcoins like XRP and RBLK.

Legal Win for Crypto Puts XRP on Path to Moon 

The XRP price is up 21% on the month, but analysts now have it pegged to go much higher. A long-running legal battle with the SEC has been weighing on XRP for years now, but a recent ruling in a separate case has analysts calling the bottom.

The SEC recently withdrew its charges against Binance for trading ‘unregistered securities.’ The SEC’s case against Ripple hinges on XRP being an unregistered security, so experts think this means the end of the SEC’s case against Ripple and the start of XRP’s journey to the moon.

Top Altcoin Rollblock’s Presale Sees Staggering Player Growth

Rollblock’s record-breaking presale has analysts upping their estimates for its 2024 end price to x100 and more. Rollblock’s player numbers are exploding higher each week, and this has analysts predicting it will take a massive share of the $450 billion global gambling industry by the end of the year.

Most analysts attribute Rollblock’s player growth to its innovative buyback program. Under this program, Rollblock buys its own token back from the open market with 30% of the casino’s daily revenue. 50% of these tokens are used as rewards for staking on the platform. The other 50% are burned to limit the supply and ensure a steadily increasing price.

Rollblock is all over social media and hosts regular events and giveaways. This crypto approach to managing a casino creates a sense of fun and community that was always missing from traditional online casinos. Rollblock has everything that players expect from an online casino, like over 150 games, but also incorporates crypto innovations that make it provoably more fair than other casinos. Players also don’t need to pass KYC checks to get involved. 

$RBLK tokens are selling for just $0.018 during the fourth stage of its presale. With tokens expected to soar to $0.02 in upcoming weeks, investors need to act fast to capitalize on one of the fastest growing altcoins of 2024. 

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino 

Hopes were high that Polygon (MATIC) could replicate its 2021 10,000x bull run on the back of the Ethereum ETF launch. With the price of Ethereum diving now, analysts think that Proof of Work superstar Kaspa (KAS) or top altcoin Rollblock (RBLK) are the better bets for 10,000x growth in 2024.

Polygon Price Tumbles as Ethereum ETF Flops 

The Polygon price is down 15% since the launch of the Ethereum ETFs, dragging the total price down 31% on the year. Polygon is now trading at $0.48. 

Hopes were high that the Ethereum ETF launch would drive a huge influx of traffic to the Ethereum ecosystem and drive up the demand for Polygon’s Layer 2 blockchain scaling solution. With the Ethereum ETF launch gaining less traction than expected, Layer 2 blockchain tokens like Polygon are having their hopes of 10,000x returns dashed. While Polygon could recover, experts believe that Polygon needs wider bullish market activity to rebuild its momentum. 

Kaspa Price Set to Moon as It Closes Gap with Bitcoin 

Kaspa’s price is already up 4x this year as its blockDAG technology makes it the only popular Proof of Work token outside of Bitcoin.

Most of the market has moved on from Proof of Work, but Kaspa’s blockDAG technology makes it the token of choice for people who want the security of Proof of Work with the speed of modern blockchains. With only 2 serious Proof of Work blockchains in the market, Kaspa is pegged to increase by 10,000x or more as it closes the gap with Bitcoin. Kaspa is currently trading at around $0.19, though experts believe Kaspa’s price could go as high as $0.5 during the next bull run. 

Rollblock Ready to Conquer Endless Horizons of GambleFi

The $450 billion global gambling industry is ripe for disruption from blockchain technology. This already incredible potential for revenue growth is set to increase even further as the industry moves online and expands to $750 billion by 2028.

This next generation of gamblers is demanding an experience that traditional online casinos will never meet. They want security, convenience, anonymity, fun, community and more. Only crypto can satisfy these expectations, and only Rollblock has figured out how to bring crypto to online gambling.

Rollblock’s most impressive feature is its revolutionary profit-sharing program. Rollblock rolls 30% of daily revenue back into the token through buybacks. Half of the buybacks are burned to drive up the price, and the other half are used as rewards for staking.

Rollblock’s other features include a cutting-edge platform with over 100 games and a thriving community with regular events and giveaways. All of these are accessible without KYC checks, and the Rollblock ecosystem is constantly under development, with new features like sports betting on the way. 

Analysts now expect explosive growth from Rollblock’s ICO as it rapidly takes market share. Rollblock is currently closing its 4th stage at the low price of $0.018, though experts believe that RBLK could see a massive 800% rally during its presale!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino 

Solana and Binance Coin (BNB) are in a race to reach $1000. While Binance Coin (BNB) has an initial price advantage, Solana’s ecosystem growth could see it overtake BNB in 2024. Meanwhile, Rollblock is gaining huge traction in the GambleFi market and according to experts, its utility token, RBLK could be on track to hit 100x growth this year. 

Solana ETFs Raise Hopes for $1,000 Tokens 

While the Solana price has a longer way to go to $1,000, it definitely has greater momentum. Solana’s price is already up 600% this year as it joined Ethereum as one of the top utility blockchains.

The projections for the next massive rally are based on Solana ETFs being the next in line for approval. ETF approval will turn Solana from a crypto king into a broader financial juggernaut. Analysts expect that Solana ETF approval will lead to another 600% rally, easily taking it above $1,000.

BNB Price Capped by Binance and SEC 

While the BNB price has a much shorter route to $1,000, its journey is far more difficult. BNB’s 130% rally this year only takes it back to previous all-time highs from 2021 and 2022.

The value of BNB is constrained by the activity on the crypto exchange Binance. BNB can only rise with the broader crypto market, which makes it unlikely to grow faster than Solana. On top of this limitation, the SEC’s case against Binance just entered the endgame, which means more fines are likely coming soon.

Top Altcoin Rollblock’s Revenue Sharing is a Game Changer

Investors discussing Solana and BNB shuffling the deck were surprised to find a newcomer projected to crack into the top 100 tokens soon. 

Analysts have recently updated their projections for Rollblock’s growth to x1,000 in 2024 to reflect the enormous success of its presale and platform rollout. Rollblock was already on analysts’ radars for its ambitious whitepaper, but its ability to put words into action has analysts expecting it to rapidly dominate the $450 billion global gambling industry.

The core of the analysts’ optimism is based on Rollblock’s revolutionary revenue-sharing system. Rollblock buys its own tokens back from the market each day, using up to 30% of the casino’s revenues. Half of the tokens are given out as rewards for staking with the best APY rates in the industry, while the other half are burned to limit the supply of RBLK and drive up its value.

This innovative gambling token is already drawing huge numbers of players, and player growth is projected to increase exponentially by the end of 2024. 

Analysts are also impressed by Rollblock’s premiere gaming platform, with more than 150 of the best games in the industry. These include casino classics and new AI-powered games, all of which can be accessed without KYC checks. The Rollblock platform also hosts regular events and giveaways that bring crypto’s sense of fun and community to the traditional online casino model.

RBLK’s Stage 4 price of $0.018 is scheduled to increase to $0.02 in stage 5. The highest 2024 estimates have this price increasing by x1,000 by the end of 2024, meaning investors who get involved today could see huge returns. 

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino 

Kaspa (KAS) mining has set the KAS price against Bitcoin, as both tokens now seem to be sharing the miner community. With Bitcoin mining getting even less profitable, Kaspa has been looking attractive for weeks now. Another crypto juggernaut has been a victim of the bearish decline lately. Ethereum (ETH) flattered to deceive when the spot ETF news was released, as the ETH price is now 10% down since then. It’s been meme coin season since then, and this new meme project Raboo ($RABT) is proving to be quite the find already.

KAS price keeps setting new ATH

Kaspa is a proof-of-work project that is gaining ground faster than Bitcoin now because of its more profitable block rewards and scalable network. The KAS token started August on another ATH, trading at $0.21 on Thursday.

That’s the third time in three months that the KAS price will be resetting its ATH in the crypto market, and it’s down to its hash rate increase. With miners driving the price upwards, Kaspa might be keeping this current streak for a while.

The token’s low correlation with Bitcoin has also been instrumental in the KAS price spike, as Kaspa is not dependent on Bitcoin for a surge.

Ethereum loses $3,000 support level

The Ethereum ETFs looked to be the salve for the ETH price, but since they are yet to launch for trading, Ethereum has fallen down the favourites list among traders. A downturn has started on Ethereum, and the mass liquidation seems to be behind it.

Most of the long positions that were at price levels above $3,000 closed between Friday and Saturday, as ETH long liquidations were valued at about $71 million. Now, the token is well beneath its 200-day EMA, indicating the onset of a bearish wave.

Analysts indicated that ETH and some of the top crypto coins might see ‘weekend relief rallies’ to reduce the week’s losses. Ethereum is, however, still changing hands for less than $3,000.

Raboo: The salve for profits this season

‘If you want profits, hop on the latest meme coin in the market.’ Every pro trader knows that; they also know that the surge won’t last as long, like in Pepe and Shiba Inu’s cases, and they soon dump the project for more stable investments.

But Raboo won’t be treading that path, and investors can see that. The token is offering a more stable plan, and even long-term traders are interested in it.

Crypto AI is the way forward for most projects, and Raboo is already headlining that sector. On the platform, users will get a generative AI tool, Rabooscan, that eases the burden of meme creation on the users. The AI tool scans through social media for meme-worthy content and creates high-quality memes from these raw materials.

Users can then monetize their content through the post-to-earn feature, as the Raboo project has a 135-million token pool that incentivizes users who contribute to the meme-making.

A solid plan is not all Raboo has too; the presale is where the profits start.

Raboo presale is where you should be!

The $RABT tokens are in presale stage 4 at the moment, trading at $0.0048 each. The earliest buyers are in 60% profits already, and the current presale stage offers double profit bonuses to those who buy now.

Even then, there’s still more to look out for in Raboo. Analysis shows that $RABT tokens can make a 100x spike when they list on top-tier exchanges.

Even a $200 investment will be worth $20,000, and it’s only going to take a few months. Don’t sleep on Raboo!

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official 

Top 7 ICO, a famous company offering analytics and insights into DeFi and cryptocurrency projects, has disclosed the top seven fundraising rounds of this week. As per Top 7 ICO, the prominent seven private cryptocurrency fundraising rounds that were accomplished this week include Morpho, Layer2 Financial, Daylight, Hyperbolic Labs, Icebreaker, Breakout, and Mintify. The platform disclosed this development on its official X account.

Top 7 Crypto Fundraising Rounds of the WeekLet’s take a look at the top 7 biggest private crypto fundraising rounds completed in the previous week, backed by crypto venture investors including @cbventures, @a16zcrypto, @hiFramework, @polychain, @coinfund_io, and others. pic.twitter.com/4UTpNkZfRS

— TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) August 4, 2024

Top 7 ICO Reveals Seven Crypto Fundraising Rounds in the Recent 7 Days

In its recent X post, the company revealed that Morpho took the 1st spot among these fundraising rounds. According to Top 7 ICO, the project effectively collected a significant amount of up to $50 million. The supporters behind Morpho’s fundraising include Rabbit Capital and Coinbase Ventures. Layer2 Financial secured the 2nd position with a fundraising of up to $10.7M. Galaxy reportedly provided support for the respective fundraising.

The Top Entities Backing These Fundraising Include CoinFund, Polychain, Framework Ventures and Coinbase Ventures

Following that, Daylight efficiently made a fundraising of nearly $9 million. The well-known backers behind this fundraising round include Framework. In addition to this, another project going by “Hyperbolic Labs” also made substantial fundraising this week. Top 7 ICO added that the project collected $7 million in its fundraising round. Its top investors took into account Faction and Polychain Capital.

According to Top 7 ICO, Icebreaker made approximately $5 million in its latest fundraising round. The top investor backing the project was CoinFund. The list moves on to place Breakout at the 6th place with a collection of approximately $4.5 million. Rockaway was among the prominent investors supporting Breakout. On the 7th spot, Mintify raised $3.4M in its fundraising with Alchemy backing it.

The present market analysis of Bitcoin indicates a predictable pattern. Doctor Profit, a prominent Bitcoin analyst on X, has recently published an analysis report that disclosed Bitcoin’s price movement between the range of $72,000 as well as $56,000-$57,000. The analyst noted that the basis for this price range includes the chief Fibonacci resistance levels established liquidity points, and moving averages. As per Doctor Profit, this offers a dependable agenda for traders.

#Bitcoin – What's Next?The big Sunday report, all you need to know:🚩 TA/LCA/Psychological Analysis: When it comes to the market, there are no such words as "market moves unexpectedly." Moves should always be anticipated, especially when we've been in a massive sideways… pic.twitter.com/EgJhARHaIQ

— Doctor Profit 🇨🇭 (@DrProfitCrypto) August 4, 2024

Bitcoin to Ranges Between $72,000 as well as $56,000-$57,000, Says Doctor Profit

In its recent X post, the analyst mentioned that irrespective of the apparent breadth of the respective range, it precisely mirrors the market dynamics. Each of the movements of Bitcoin to the bottom or top reportedly shows strong liquidity patterns. In addition to this, the constant profitability of purchasing BTC at the lower spot offers evidence concerning this range’s precision.

The Current Geopolitical Tension within the Middle East Results in Enormous Selling Pressure

At the moment, the market is going through a huge selling pressure. The possible cause behind this takes into account the fears regarding the expanding conflict in the Middle East. The particular participants in this conflict take into account Israel and Iran. The respective geopolitical issue has pushed novice traders to sell in panic. On the other hand, experienced investors look at the long-term opportunity by purchasing at the defined range’s lower end. However, if the tensions prolong, the anticipated bull cycle of BTC may get affected and traders may not be able to get the expected gains.

The Analyst Advises Bitcoin Investors to Buy the Bottom to Get Profits in Long Term

The analyst also discussed the “bottom of the box” indicator. According to Doctor Profit, this indicator has dependably pointed toward the local bottoms. Bitcoin reportedly made rapid recoveries after these local bottoms following provisional dips. This reportedly reflects the respective strategy’s profitability.

Doctor Profit added that the tension between Iran and Israel may significantly influence the market sentiment. As per the analyst, the prolonged conflict is further increasing the volatility. Hence, the market is currently witnessing enormous selling pressure.

SoonVerse has announced a new partnership with Zesh, an innovative AI-powered SocialFi suite of tools. Zesh leverages zkML technology to tackle one of the biggest challenges in Web3. It also fosters genuine community growth and engagement.

💥 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐙𝐞𝐬𝐡 💥@ZeshApps is a unique AI-powered SocialFi suite of tools, leveraging zkML to solve one of the biggest problems in Web3 – genuine community growth and engagement.𝐇𝐞𝐫𝐞 𝐢𝐬 𝐡𝐨𝐰 𝐭𝐡𝐢𝐬 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩… pic.twitter.com/nQ8DcEr1Yx

— SoonVerse❤️AIGG (@soon_verse) August 4, 2024

SoonVerse to Benefit from Zesh’s AI for Natural Growth

This partnership is expected to bring several benefits to SoonVerse. SoonVerse does not plan to manipulate communities with the help of Zesh’s AI systems and techniques, but to help them grow naturally. This means targeting and building up the number of active, quality, and interested users who actively participate in the platform.

In addition, Zesh’s AI capability can forecast changes, which enables SoonVerse to take advantage of promising trends. For this reason, SoonVerse will be able to track these trends in time to make the necessary amendments in terms of strategies and reap a profit from new opportunities in the market.

The incorporation of AI analytics in SoonVerse will therefore enhance the capacity of decision making. This is good because the decisions that are made within the SoonVerse environment are more likely to be data-driven and therefore, they are likely to be more effective.

SoonVerse Uses Zesh Predictive Analytics to Prevent Risks

The integration of the various tools developed by Zesh into SoonVerse’s platform will provide a major boost. With the help of cutting-edge AI and zkML, SoonVerse is able to perceive its audience as well as the larger context of Web3. This understanding is crucial in creating a more stimulating environment fit for the user of this website.

Furthermore, the use of predictive analytics will also be useful not only in identifying trends but also in mitigating effects of risks referring to various types of risks. With this approach, SoonVerse will be prepared and ready for the ever-evolving changes in the Web3 space.

Lastly, the integration plan between SoonVerse and Zesh is to ensure that there is collaboration in the search for growth among the members of the community. SoonVerse can now make more informed decisions and more advance when it comes to utilizing Zesh’s AI tools. This is a crucial step towards establishing a more active Web3 community.

Top 7 ICO, a well-known platform offering analytics and news insights concerning DeFi, IDO, ICO, IEO, and crypto projects, has disclosed the upcoming blockchain-related events. According to Top 7 ICO, the next week will see several notable events among diverse blockchain projects, providing a gist of the dynamic sector of blockchain and crypto technology. The platform took to its official social media account on X to provide the details about these upcoming projects.

Top Upcoming Events of the Next WeekWe compiled a list of top important upcoming events of the next week (Aug 5th – Aug 11th) among blockchain projects, including @miradaai $MIRX, @SharpeLabs $SAI, @Matr1x_io $MAX, @FTX_Official $FTT, @EnsoFinance $ENSO, @ensdomains $ENS, and… pic.twitter.com/j3YCrOzYQZ

— TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) August 4, 2024

Top 7 ICO Reveals Top Events to Take Place in the Blockchain Projects Next Week

In its exclusive X post, the firm noted that Mirada AI ($MIRX) stands among the respective projects. It reportedly leverages artificial intelligence to improve blockchain applications. Top 7 ICO added that Mirada will potentially make crucial announcements next week. The project reportedly keeps on advancing by integrating cutting-edge AI and decentralized technologies.

Additionally, Sharpe Labs ($SAI) is another project that focuses on transforming the financial markets via decentralized finance innovations. The project will reportedly unveil updates to likely reform the DeFi protocols as well as user interactions. Matrix ($MAX) also leverages an innovative approach concerning blockchain technology as well as its applications. This project is also planning to announce unique developments to improve the scalability and efficiency of blockchain technology.

The Potential Upcoming Events Focus on Revolutionizing and Streamlining the Blockchain and DeFi Sectors

Another such project is the top crypto exchange FTX Official ($FTT). It will expect to disclose the latest partnerships or features to influence the trading landscape. Enso Finance ($ENSO), a prominent platform developing DeFi ecosystems is additionally going to unveil new enhancements or integrations.

In this way, it aims to expand and simplify DeFi accessibility. ENS Domains ($ENS) also aims to introduce updates for the enhancement of domain management. Top 7 ICO added that Immutable ($IMX), an L2 scaling solution provider on Ethereum, will also share crucial advancements next week. They will further improve transaction efficiency and blockchain scalability.

According to Santiment, Ethereum and Chainlink are eyeing combined lowest levels of 30-day and 365-day average trading returns on Sunday. Historically, the more other traders experience losses, the more reason there is to buy at lower prices.

📊 Chainlink and Ethereum are seeing their combined lowest levels of 30-day (short term) and 365-day (long term) average trading returns Sunday. Historically, the more 'blood in the street' there is from other traders, the more justification there is to buy into others' pain. pic.twitter.com/tuPHUpKVsd

— Santiment (@santimentfeed) August 4, 2024

On Saturday, Ethereum could not maintain its position above its primary support levels, around $3,000. Although it is the second largest asset among the top 10 cryptocurrencies according to market capitalization, Ethereum has yet to begin to rebound from the recent market dip.

Ethereum is now clinging to a crucial support level and is at a tipping point that, according to analysts, could result in a slide below $2,800 if it is unable to maintain its current position. Based on statistics provided by CoinMarketCap, Ethereum is now trading at $2,905 at the time of publication, representing a decrease of 10.09% from July 28th. Other traders also suggested that Ether’s price might drop below $2,800 before any recovery begins.

On the other hand, Chainlink’s value has dropped 15% in the past three days, falling from $13.76 to $11.44 after a brief rally to $15 on July 21. Chainlink continues to exhibit a bearish trend in the short term. LINK’s price has dropped even lower over the past three days, with the Open Interest (OI) falling from $152 million to $143.7 million. This represents a significant decrease. The price and the open interest (OI) have decreased, indicating that traders are pessimistic about the asset. 

It appears that the speculators are exercising some degree of prudence because they are unwilling to take long positions. A significant drop in Chainlink’s Realized Capitalization is one of the primary contributors to the adverse attitude surrounding the company. This crucial on-chain measure, which displays the total amount of realized earnings minus realized losses, has been observed, decreasing from $75.51 million to $11.14 million.

This week saw a slight decline in the DeFi sector with prominent projects witnessing a decrease in their total value locked. According to the data from DappRadar, the prominent DeFi projects in terms of TVL during the past seven days take into account LIDO, Aave V3 EigenLayer, Maker DAO, along Rocket Pool. These projects have seen a dip in the recent week.

LIDO Sees 10.82% Decline from Its TVL in the Previous Week

As per DappRadar, LIDO witnessed the top spot with a substantial total value locked of up to $28.47 billion. This figure shows a slump of 10.82% from the $32.11B of the week before this. Following that, Aave V3 also maintained its 2nd position. It saw a total value locked of $9.97 billion. The respective figure also signifies a plunge of approximately 9.36% from the previous week’s 11.08B.

The Top DeFi Projects Maintain Their Positions in TVL with Slight Slumps

The 3rd place was occupied by EigenLayer this week in terms of total value locked. The DeFi project recorded a TVL of nearly $8.69 billion. This amount expresses a dip of up to 6.59% from the previous week. After that, Maker DAO has seen the 4th place among the DeFi projects when it comes to TVL. It reportedly saw a total value locked of $5.05 billion.

DappRadar’s data discloses a 7.85% decrease from its TVL of up to $5.49B a week before. Rocket Pool recorded a total value locked of $3.53 billion at the 5th position. Its TVL of this week shows an 11.31% decline from the previous week’s TVL of $5.49B

Aptos has released a new version of its node software, Aptos Node v1.17.1. Users are encouraged to upgrade to this latest version within the next three days. In this way, they must ensure that they are running the most current and secure software.

Aptos Node v1.17.1 has been released! Please upgrade to v1.17.1 within the next 3 days! https://t.co/5EksxdMMNf

— Aptos Releases (@AptosRelease) August 4, 2024

Aptos Requires Validator Nodes to Upgrade by August 1st

For those that operate validator nodes, it is necessary to move to v1.17.1 by August 1st. Basically, validator nodes are very essential in the Aptos blockchain as they help in the validation of the transactions in the network. Sustaining these nodes will ensure the functionality and security of the blockchain is preserved.

Likewise, those who run full nodes must upgrade to v1.17.1. However, they still have time to the 7th of August for the upgrade. Full nodes are the nodes that contain the entire information of the Aptos network.

Aptos Nodes Crucial for Blockchain Functionality and Security

Regardless of if you are a validator node or a full node, the Aptos node is crucial to the functioning of the Aptos ecosystem. These nodes help in supervising the state of the chain and ensure that no transactions go unrecorded or unverified. By using the latest version, the node operators can help ensure the stability and security of the network.

The new Aptos v1.17.1 update brings multiple changes as well as improvements that can resolve multiple problems that may impact the functionality of the blockchain. This is especially important for all node operators in order to stay informed of such changes.

Finally, if you are a user of an Aptos node, it is recommended to update the node to v1. 17.1 during the given timeline to improve the security of the blockchain network.

Since the 25th of July, Jump Trading (a quantitative trading platform), has reportedly deposited significant $ETH and other related tokens to centralized exchanges. Spot On Chain, a popular on-chain analytics platform, disclosed that the company has deposited up to $231M worth of $ETH tokens to CEXs in the past ten days. The analytics provider provided the details of this event on its official social media account.

Jump Trading deposited $231M worth of $ETH to CEXs in the past 10 days!Since Jul 25, Jump Trading has:• redeemed 83,091 $wstETH ($341M) into 97,600 $stETH• unstaked 86,059 $stETH ($274M) from Lido Finance• then deposited a net amount of 72,213 $ETH ($231M) to various… pic.twitter.com/1U0jSq536P

— Spot On Chain (@spotonchain) August 4, 2024

Jump Trading Makes Strategic $ETH Deposits of $231M Worth to Centralized Exchanges in Ten Days

In its latest X post, Spot On Chain noted that this commenced on July 25 when Jump Trading began an array of strategic steps. They took into account the deposits of wrapped staked Ethereum (wstETH) as well as staked Ethereum (stETH). To start with, the company withdrew 83,091 wstETH with a value of up to $341M. The platform converted this amount into 97,600 stETH.

Following that, the firm moved on toward unstaking 86,059 stETH from Lido Finance. The respective figures had a value of nearly $274M. This unstaking procedure took into account converting staked assets into the $ETH token’s liquid form. After conversions, the platform deposited a cumulative amount of approximately 72,213 ETH, equaling $231M, into diverse well-known CEXs.

The Platform Still Has 21K $ETH and 37.6K wstETH in the Wallet, with 11.5K $stETH Still in the Unstaking Procedure

Gate.io, Coinbase, Bybit, OKX, and Binance stood among the exchanges that engaged in these massive deposits. The deposits denote a strategic asset allocation across diverse trading entities, potentially facilitating trading activities, liquidity, or other functional strategies. Spot On Chain added that Jump Trading currently possesses almost 21K $ETH and 37.6K wstETH in the wallet while 11.5K stETH is presently going through the unstaking procedure.

What is Cardano (ADA) Crypto?

In the crypto world, Cardano (ADA) is making waves, and investors and blockchain fans are taking notice. With IntoTheBlock showing $6.52 billion in large transactions in the last 24 hours, Cardano is almost on par with Ethereum. This post will cover what is ADA crypto, its features, and how you can stake on CryptoHeap to get the most rewards.

What is Cardano (ADA)

Cardano is a blockchain platform that wants to create a more secure and scalable infrastructure for dApps and smart contracts. Founded by Charles Hoskinson, one of the co-founders of Ethereum, Cardano is different because of its research-driven approach and commitment to positive global change through blockchain.

Consensus Mechanism

Cardano uses a unique consensus mechanism called Ouroboros which is a type of Proof of Stake (PoS). This is energy efficient and secure, unlike the Proof of Work (PoW) used by Bitcoin.

Ouroboros Features: ADA holders can stake their tokens to support the network. Stakers get rewarded for validating and creating new blocks. Network participants who validate transactions and secure the blockchain are called validators. They are chosen based on the amount of ADA they stake, fair and decentralized.

Staking ADA

Staking ADA means locking up your ADA tokens to participate in the consensus mechanism. Here’s how it benefits you:

Rewards: You get staking rewards in the form of additional ADA tokens. These are based on your stake and the network’s performance.

Security: Staking secures the Cardano network by making validators have a skin in the game.

Network Participation: Stakers process transactions and validate new blocks, making the blockchain faster and more reliable.

Cardano’s Recent Transaction Volume

Cardano’s $6.52 billion in transactions in the last 24 hours is a sign of its growing adoption and usage. This puts Cardano almost on par with Ethereum in terms of large transactions, a healthy and active blockchain.

Staking on CryptoHeap

CryptoHeap is a platform where you can get the most out of your staking by offering different staking plans for Cardano and other cryptos. Here’s how you can benefit:

Competitive Rewards: We offer some of the highest staking rewards in the market, so your investment will generate more.

User Friendly: The platform is easy to use for both beginners and experienced investors.

Secure Staking: CryptoHeap has security measures in place to protect your staked assets from threats and attacks.

Interest in getting more on Crypto Staking?

How to Stake on CryptoHeap:

Staking on CryptoHeap is super easy. To get started, head to CryptoHeap’s website and click the “Sign Up” button. Enter your email and set a password. Complete any verification steps like email confirmation or 2FA. 

Once you have your account set up and verified, log in to CryptoHeap and go to the wallet section to deposit. Choose the cryptocurrency you want to deposit, generate a deposit address, and transfer your funds from an external wallet or exchange. Once you initiate the deposit wait for the transaction to be confirmed on the blockchain.

Now that you have funds in your account, you can choose a staking plan. Go to the staking section of CryptoHeap and choose a plan. Each plan will have different staking periods, reward rates, and minimum staking amounts. Choose a plan that suits your investment goals and read the terms carefully. Make sure you understand the lock-up period, reward distribution schedule, and any fees.

To stake, go to the staking interface, choose the amount of cryptocurrency you want to stake, and confirm. Once confirmed you can monitor your stake in the dashboard. This section will show the amount staked, rewards earned, and the remaining staking period.

As you stake, you will earn rewards based on your chosen plan and the blockchain network’s performance. Rewards are distributed periodically and you can view them in your dashboard. Depending on CryptoHeap’s policy you may be able to claim your rewards or reinvest them into another staking plan. Reinvesting will compound your returns over time.

If you want to withdraw your staked assets, read the withdrawal terms as some plans may have a lock-up period. Go to the withdrawal section, choose the amount you want to withdraw, and confirm. Follow the additional instructions provided by CryptoHeap to complete the withdrawal process and your funds will be transferred to your external wallet or account.

Ways to Earn More & More….

There are plenty of different cryptocurrencies available for you to choose from. So, you can decide based on your investment goal!

Chance to get More Rewards….

CryptoHeap’s affiliate program is a special perk for our loyal investors. As an affiliate, you can earn commissions by bringing in new users to our platform. 

For every first-level referral you bring in you will get 3.5% of their activity. And for second-level referrals who are introduced through your direct referrals, you will get 1.5%. This tiered commission structure rewards your direct efforts and also acknowledges the value of your network so you have an ongoing incentive to grow our community and increase your earnings.

Summary

Cardano is a great example of blockchain innovation and its recent transaction volume shows its growing presence in the market. Staking ADA is a way to earn rewards and support the network. Choose CryptoHeap for your staking and get the most out of your ADA.

Stake with CryptoHeap now and unlock your ADA. Earn staking rewards and support Cardano.

This week, we saw pivotal shifts and strategic collaborations in the crypto world. The Montenegro Appellate Court’s decision to extradite Do Kwon to South Korea rather than the U.S. was the most significant event. Meanwhile, Trust Wallet’s new partnership with The Open Network (TON) promises to enhance blockchain transactions. Thirdly, GnosisDAO unveiled Gnosis AI, aiming to merge AI technology with Web3 to improve prediction markets. Additionally, the SEC charged BitClout founder Nader Al-Naji with multi-million-dollar fraud, reflecting ongoing regulatory scrutiny. Lastly, Ondo Finance’s launch of USDY on the Aptos blockchain introduced a new tokenized U.S. Treasury asset, marking a significant step in blending traditional finance with DeFi.

Montenegro Court Rules Do Kwon to Be Extradited to South Korea

In the most significant development for the crypto industry, Montenegro’s Appellate Court ruled that Do Kwon, co-founder of Terraform Labs, will be extradited to South Korea, not the U.S. This decision concludes a legal dispute over where Kwon should face charges related to the collapse of his cryptocurrency project.

Kwon, who faces negligence charges over the $60B collapse of the TerraUSD and Luna tokens, will now be tried in South Korea. He became a fugitive after a 2022 arrest warrant from South Korea, leading to international efforts to apprehend him. The U.S. had also charged Kwon with cryptocurrency fraud, seeking $4.47 billion in restitution and fines.

The court’s ruling aligns with Montenegro’s legal framework favoring the South Korean extradition request over the U.S. Kwon was previously arrested in Montenegro in April 2023 after attempting to evade deportation using a fake passport. This ruling highlights the ongoing scrutiny of cryptocurrency practices and the importance of international legal cooperation in addressing financial crimes.

Trust Wallet Partners with TON to Enhance Crypto Transactions

This week, Trust Wallet teamed up with The Open Network (TON) to integrate its services with TON’s platform, aiming to boost blockchain adoption. This partnership focuses on streamlining transactions with Toncoin (TON), TON’s native cryptocurrency, directly from Trust Wallet.

The collaboration will enhance the use of Trust Wallet by simplifying transactions and expanding access to TON’s ecosystem. It will also support single-chain and cross-chain swaps, and potentially include TON NFTs. Users can soon import TonKeeper wallets into Trust Wallet, and future updates will integrate TON Connect and various TON DApps, enriching the user experience and broadening Trust Wallet’s capabilities.

GnosisDAO Launches Gnosis AI to Merge Web3 and AI

GnosisDAO has introduced Gnosis AI, a new division under Gnosis Labs, aiming to blend Web3 and artificial intelligence. This initiative, shared on their social media, focuses on integrating AI agents into Web3’s prediction markets, an area where GnosisDAO has extensive experience. Gnosis AI will enhance prediction markets by leveraging AI agents to improve accuracy and efficiency in forecasting and decision-making.

The platform aims to refine these trading agents to align with its “truth teller” vision, with top agents currently achieving around 65% accuracy. One notable AI agent, “Social Agent,” will analyze client bets to enhance public relations and market understanding.

SEC Charged BitClout Founder Nader Al-Naji with Multi-Million Dollar Fraud

The SEC has charged Nader Al-Naji, BitClout founder, with a multi-million-dollar crypto fraud. Al-Naji is accused of misleading investors about BitClout’s native token (BTCLT) and using over $7M for personal expenses. According to the SEC, Al-Naji raised over $257M through unregistered sales of $BTCLT tokens starting in November 2020. He allegedly used funds for lavish personal expenditures, including a Beverly Hills mansion and cash gifts.

The SEC also accuses Al-Naji of attempting to evade regulation by portraying BitClout as a decentralized project, despite evidence to the contrary. This included obtaining a misleading legal opinion to misrepresent the project’s status. Al-Naji faces civil charges for violating securities laws, and the U.S. Attorney’s Office for the Southern District of New York has also filed criminal charges against him.

USDY Makes Debut on Aptos to Revolutionizing DeFi with Tokenized Treasury Assets

Ondo Finance has launched USDY on the Aptos blockchain, marking the introduction of the first tokenized U.S. Treasury asset in the Aptos ecosystem. This move integrates traditional financial stability with the innovative potential of decentralized finance (DeFi). USDY offers a 5.3% APY yield while providing institutional-grade security backed by U.S. Treasuries. This new stablecoin enhances options in Aptos’s DeFi space and extends its benefits to global investors.

The launch of USDY boosts Aptos’s DeFi landscape by integrating with major protocols managing over $250M in total value locked (TVL). It will enhance liquidity pools, serve as collateral, and support financial instruments like Collateralized Debt Positions (CDPs) and derivatives. Nathan Allman of Ondo Finance and Jerome Ong from the Aptos Foundation both praised the launch.

Conclusion

In summary, this week has been pivotal for the cryptocurrency sector, showcasing significant legal, regulatory, and technological developments. The extradition of Do Kwon to South Korea highlights the global legal challenges within the crypto space, while Trust Wallet’s partnership with TON represents a major step forward in blockchain integration. GnosisDAO’s launch of Gnosis AI promises to innovate prediction markets, and the SEC’s charges against BitClout’s founder underline the increasing scrutiny of crypto ventures. Meanwhile, Ondo Finance’s introduction of USDY on Aptos signals a noteworthy advancement in merging traditional finance with DeFi. These events underscore the evolving landscape of cryptocurrency and its intersection with regulatory and technological advancements.

The top stablecoin USDT has been breaking its records throughout 2024 with more than 18 million weekly EVM-chain transfers. IntoTheBlock, an AI-driven programmable platform for financial services facilitating DeFi institutional investors, has mentioned that this significant per-week amount of transfers indicates a remarkable development for the chief stablecoin. The platform took to its official social media account to provide details regarding this.

🚀 USDT has been breaking records all year with over 18M weekly transactions on EVM chains! 78% of these transactions occur on the @trondao , making it the go-to choice for transfers. pic.twitter.com/Hw6C3oAP5y

— IntoTheBlock (@intotheblock) August 3, 2024

USDT Sees Exclusive Spike in Weekly EVM-Chain Transactions During 2024

In its latest X post, IntoTheBlock mentioned that seventy percent of the respective transfers took place on the Tron network. This turned the crypto token into a go-to choice in the case of transactions. Tron operates as a stablecoin with low fees as well as decreased price fluctuations. This has paved the way for decreased fees. These factors have reportedly contributed to USDT’s popularity in terms of transactions.

Apart from that, IntoTheBlock asserted that ninety-four percent of the total value of the crypto token is locked within the Tron ecosystem. Along with that, the market capitalization of USDT has also presented a positive outlook. According to IntoTheBlock, USDT reported a substantial $5.2B profit during the 1st half of the current year.

USDT Leads the Stablecoin Market Growth Following Terra UST’s Crash

Moreover, the market capitalization of USDT touched up to $120B. Additionally, the growth of the overall market of the stablecoin has also increased. It has reportedly witnessed its largest market capitalization following the crash of the UST of Terra. According to IntoTheBlock, this paved the way for the leading position of USDT in terms of growth.

Blockchainedbb, a famous crypto analyst, has recently offered a comprehensive market update, indicating expected price movements of Bitcoin in the next months. According to Blockchainedbb, August will see slow BTC price movements, with liquidity being swept below the mark of $60,000. The platform disclosed this analysis on its official X account. The chief crypto token is currently trading at $60,700.

There is no change in update Aadarsh . We are waiting for liquidity to be swept below 60k . August doesn’t move much . We are expecting btc to bounce to 65k area between august 8th to 20th and stay range bound . We are anticipating a decent drop to 55-57k in Sep . We are… https://t.co/za4dcM2KVs

— Blockchainedbb (@blockchainedbb) August 3, 2024

Blockchainedbb Anticipates Slower BTC Price movements in August, with a Correction Coming in September

In its recent X post, Blockchainedbb noted that despite the overall slow performance in August, it anticipates a price jump. According to it, this price spike will take the value of Bitcoin to $65,000 from the 8th to the 20th of August. Following the respective brief jump, the top crypto token will potentially remain within a range during the next days of August. After that, a huge market correction will reportedly take place.

Crypto Investors Have the Potential to Generate Funds with Meme Tokens Before Election

As a result of this, the price of Bitcoin will dip to the range between $55,000 and $57,000. The respective slump plays the role of a natural correction after the movements in August. Additionally, it will potentially deliver buying opportunities to facilitate investors and traders alike. After the slump in September, Blockchainedbb expects a big pump.

The platform forecasts BTC to jump to the range between $68,000 and $71,000 in the period that resulted in the election. The respective pre-election rally will expectedly drive speculation and market activity. Blockchainedbb asserted that a great short will take following the election.