dYdX v3 restored its website following a DNS hijacking attack.

The dYdX team has advised users to clear their browser cache and restart their browsers before accessing the site.

Decentralized finance (DeFi) crypto exchange dYdX restored its version 3.0 website after a DNS hijacking attempt on July 23. The team restored the website three hours after announcing the compromise.

https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. Please note that your machine may still be caching the compromised site.Make sure to clear your cache and restart your browser before connecting to the website.

— dYdX (@dYdX) July 23, 2024

On July 23, the DeFi space faced a security scare when the crypto exchange dYdX experienced a domain name service (DNS) hijack. Following that, the dYdX team swiftly addressed the attack that briefly compromised the exchange’s version 3.0 website and restored it within three hours.

Further, the exchange advised users to clear their browser cache and restart the user’s browser before accessing the platform.

The attack involved hackers seizing the domain and setting up a fraudulent website that lured users into connecting their wallets. Once connected, users were prompted to approve transactions via PERMIT2, enabling the theft of valuable tokens. This incident is part of an extensive trend of DNS hijacking attacks targeting DeFi platforms, notably those using the Squarespace registrar.

Surge in Crypto-Cyberattacks

This dYdX incident was followed by a malicious Zoom platform incident on the same day, where $300,000 worth of cryptocurrency was stolen through a fake app that tricked users into installing malware designed to drain crypto funds.

Concurrently, the crypto sector witnessed another major security breach. Indian exchange WazirX reported a $230 million theft on July 18, marking the second-largest crypto hack of 2024. 

These incidents highlight a troubling rise in crypto-related cyberattacks. The first quarter of 2024 saw hackers abscond with $542.7 million in digital assets, a 42% increase from the previous year. Also, private key leaks emerged as the primary cause, responsible for over 55% of the hacked assets.

As the crypto industry continues to grow, balancing regulatory developments and enhancing cybersecurity measures will be crucial to ensuring the stability of digital asset platforms.

Highlighted News Of The Day

Can Ethereum Meet Traders’ Bullish Expectations?

XRP is volatile at the price range of $0.6000, up by 0.40% in the last 24 hours.

Ripple and SEC meeting on July 25 is speculated to end the long-running battle.

XRP has initiated a downside correction from the $0.6200 zone, amidst the anticipation surrounding an upcoming meeting between Ripple and the U.S. Securities and Exchange Commission (SEC). 

Ripple CEO Brad Garlinghouse shared his optimism early in July that the years-long legal battle with the U.S. Securities and Exchange Commission (SEC) might end soon. A closed meeting with the SEC scheduled for July 25 is speculated to bring a potential settlement.  

Meanwhile, in the last week, whales have bought over 140 million XRP, valued at approximately $84 million, as per the data by analyst Ali. The buying pressure coincided particularly with the landmark ruling by Judge Phyllis Hamilton in Ripple’s ongoing legal process. Moreover, Hamilton extended the deadline for excluding four expert testimonies until July 26 last week. 

The community anticipates the settlement in a favorable way, and that could drive XRP’s price upward and lead to widespread adoption. The market eagerly awaits to clarify XRP’s regulatory status.

Will XRP Bounce Back?

According to CoinMarketCap, XRP’s monthly performance shows a 27.48% increase. The token was trading at a low of $0.4003 and a high of $0.635. Over the past week, the XRP price plummeted only by 0.07%. However, at the time of writing, the token was traded at $0.6008. The trading volume is noted at $33.59 billion, and the daily trading volume has dropped by 23.96%, staying at $1.60 billion. 

XRP’s current bullish trend is showcased by the short-term 9-day MA of $0.5963 and the 21-day MA at $0.5195, standing below the current price. Furthermore, XRP’s daily RSI stands at 68.24, reflecting its closeness to the buy zone.

XRP Price Chart (Source: TradingView)

If the bulls become aggressive, the altcoin can break the significant resistance at $0.6455, and it will test the next resistance at $0.6835. If the bears win over the bulls, the price might bottom to $0.5705. Further loss of XRP may take the price to $0.5292.

Highlighted Crypto News

Spot ETH ETFs Kick-Off to a $106M Inflow On First-Day Trading

Ethereum’s price remains volatile, potential retracement to $2,882 if bearish.

Large holders accumulated 112.9k ETH, surpassing ETF inflows.

The crypto market witnessed a significant milestone as spot Ethereum began trading on Tuesday, following weeks of back-and-forth on registration statement edits. According to Sosovalue data, spot ETH ETFs recorded inflows within the first 24 hours of trading. While the ETF greenlight was expected to spark a bull run, the bears took over, pushing the price below $3.38K.

Ethereum is down 1.98% in the past 24 hours, with the price trading at $3,455.30. Trading volume has increased by 2.8%. History repeats itself, as seen with Bitcoin [BTC] ETFs, which demonstrated heavy demand for the cryptocurrency; the same is expected for ETH. Notably, BlackRock’s ETH ETF (ETHA) exhibited the highest inflows, recording $266.55 million in one-day net inflows as of July 23. The ETF holds total net assets worth $277.08 million, leading the ETH ETF sector.

In the past seven days, despite a drop in ETH prices yesterday, large holders accumulated 112.9k ETH. It valued at nearly $390 million. This accumulation notably surpasses the $106 million net inflows to the ETF.

In the past 24 hours, Ethereum whales made significant moves: 6,016 ETH worth $20 million was transferred from an unknown wallet to a beacon depositor, 6,836 ETH worth $23 million was transferred from Coinbase Institutional to an unknown wallet, and 9,430 ETH worth $32 million was transferred from an unknown wallet to Coinbase.

Should Investors Be Aware Of ETH Bears?

Ethereum’s recent price action reflects a slippery bullish trend, highlighted by recent highs breaching the $3,560 resistance level, with the potential to test $3,621 soon. However, the daily Relative Strength Index (RSI) at 55 indicates a neutral position.

Should bears regain control, Ethereum could retrace to $3,346 initially, potentially falling further to $2,882 in a more pronounced decline.

Highlighted News Of The Day

Will XRP Climb Up to Break its Nearby Resistance?

As the market rebounds, Render (RNDR) and AAVE are rising, while SOL and DOT show bullish trends. Amidst these developments, BlockDAG, a promising layer 1 project, has gained traction with a successful presale. With a recent announcement unveiling its CEO, team, and advisory board, BlockDAG has inspired investor confidence, pushing its presale to over $60.4 million. This article explores the Render (RNDR) Price Prediction, the reasons behind AAVE Surges, and why BlockDAG is becoming a preferred investment. Which crypto will explode next? Let’s delve into the details.

Render (RNDR) Price Prediction: Current Status and Future Potential

Render (RNDR) is currently trading at $6.65, showing a 7.09% increase in the last 24 hours. With a market cap of $2.46 billion, RNDR holds a 0.11% market dominance. Analyst Jonathan Carter highlights a falling wedge pattern, suggesting a potential price breakout. Key resistance levels include $6.90, $7.95, and $9.50, with a significant zone at $10.70. If these levels are breached, a bullish trend could be confirmed.

Analyst Javon Marks predicts that RNDR could reach $177, representing an 1,800% growth. Render’s history of reaching $13.64 from $0.4718 shows its potential for dramatic increases. Marks also notes multiple bull divergences between price and RSI near $7.8501, indicating a strong foundation for future gains. Analysts anticipate RNDR might break above $15 in the short term, further boosting its bullish momentum. This makes Render a key crypto to watch for significant returns.

AAVE Surges: Recent Performance and Investor Confidence

AAVE has seen a notable increase recently, with its value rising from $80 to $110 in just two weeks, marking a 37.5% uptick. Currently trading around $105, AAVE shows signs of sustained growth. Six days ago, a whale or venture capitalist significantly boosted investor confidence by purchasing $3 million worth of AAVE tokens, bringing their total holdings to $12.1 million.

Investor interest in AAVE remains robust due to its innovative approach to decentralized finance (DeFi). The recent large investment underscores the growing trust in AAVE’s potential for continued growth. As AAVE surges, it attracts more attention from investors looking for reliable assets in the volatile crypto market. With strong market signals and substantial backing, AAVE is well-positioned for further gains, making it an appealing option for those seeking stable investment opportunities in cryptocurrency.

Which Crypto Will Explode? BlockDAG’s Growth & Potential Makes it the Best Candidate

BlockDAG is set to make a significant announcement on July 29, 2024, introducing its CEO, executive team, and advisory board. This unveiling will be followed by an “Ask Me Anything” (AMA) session on July 30, allowing investors and the community to interact directly with the new team. These events have significantly boosted investor confidence, contributing to the surge in its presale.

The presale for BlockDAG has now raised over $60.4 million, with the coin’s price increasing by 1400% from its initial batch price of $0.001 to its current batch price of $0.015 in batch 20. This impressive performance is largely attributed to BlockDAG’s innovative Directed Acyclic Graph (DAG) technology, which enhances transaction speed and efficiency, making it a strong contender in the crypto market.

BlockDAG’s community engagement initiatives further enhance its appeal. A documentary set to release on August 22 will offer an in-depth look at the project’s journey and technological advancements. These strategic moves underscore BlockDAG’s commitment to transparency and community involvement, positioning it as a top choice for investors wondering which crypto will explode next.

Key Insights

While Render (RNDR) and AAVE offer strong potential, BlockDAG stands out with its innovative technology and strong investor interest. The announcement of its new CEO, team, and advisory board on July 29, followed by an AMA on July 30, has boosted its presale to over $60.4 million. BlockDAG’s presale price surged 1400% from $0.001 to $0.015 in batch 20, showcasing its growth potential. With strategic development plans and a solid presale performance, BlockDAG is well-positioned to deliver substantial returns. Investors should consider BlockDAG when deciding which crypto will explode next.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Kraken has completed the distribution of BTC and Bitcoin Cash to Mt. Gox creditors after 10 years.

The distribution of $2.85 billion in BTC has led to a significant price drop, with Bitcoin falling nearly 3% from $67,359 to $65,484.

In a significant update for the cryptocurrency community, Kraken announced the successful distribution of Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors affected by the Mt. Gox hack nearly a decade ago. The now-defunct exchange’s long-awaited fund recovery process has been facilitated by Kraken, alongside Bitstamp and other partners.

On Tuesday morning, Mt. Gox trustees began transferring $2.91 billion worth of BTC to new wallets, primarily to distribute 5,110 BTC, valued at approximately $340.1 million, to four separate Bitstamp addresses. However, the exact amount returned by Kraken to Mt. Gox customers is still unclear. 

The Mt. Gox Trustee has been working with several exchanges, including Kraken and Bitstamp, to ensure a fair return of funds to affected users. Despite this distribution, Mt. Gox still holds a substantial 95,340 BTC, valued at approximately $5.96 billion.

Following the release, Bitcoin saw a price correction of approximately 3%, currently trading around $65,855. This recent dip follows a high of $68,474 recorded on July 22, after Bitcoin broke through the $65,000 resistance level. Additionally, the daily trading volume of BTC declined by over 23%, now standing at $33 billion. This market reaction was evident as users confirmed the deposits in their wallets.

Bitcoin Price Trends and Key Levels to Watch

On-chain data analysts, CryptoQuant have observed that the price decline has impacted short-term BTC holders, emphasizing the need to monitor crucial support levels, particularly around $63,600. Despite the recent drop, Bitcoin has managed to maintain its position above the $65,500 level, trading at $65,855 with a market capitalization of $1.29 trillion.

 

Technical indicators suggest a potential recovery for Bitcoin. The cryptocurrency remains above its 50 and 100-day moving averages, and there is a potential double-bottom pattern forming with bullish divergence in the relative strength index (RSI). If key support at $66,500 holds, Bitcoin could see a rebound towards $68,850.

Support levels are currently observed between $64,350 and $63,757, with critical levels to watch including $61,751 and the 200-day moving average above the $60,000 mark. Despite recent volatility, Bitcoin’s long-term outlook remains positive, bolstered by its performance above major moving averages.

Aggregated rollup infra builder zkLink, today announced the recipients for Phase 1 of its Ecosystem Developer Grants program, a 20 million $ZKL grants program aimed at stimulating the growth of its aggregated DeFi ecosystem. The program, which received over 100 applications, had approved 16 projects for financial and marketing support to build on zkLink Nova, the industry’s first aggregated Layer 3 rollup network.

Running from March 11 to July 20, 2024, Phase 1 had earmarked 10 million ZKL tokens for its recipients. The grant recipients in Phase 1 include Oku Trade, RedStone, Holdstation, Solv Protocol, Snapshot, NovaSwap, POKT Network, Layerbank, Izumi Finance, AGX, Sturdy, Steer Protocol, Allspark, Protofire, SphereX and Chainnodes.

Vince Yang, CEO at zkLink, expressed his enthusiasm. “We are thrilled to announce the Phase 1 recipients of our Ecosystem Developer Grants Program. These projects exemplify the outstanding dedication to cultivate a vibrant and seamless aggregated DeFi ecosystem. Each recipient has demonstrated a commitment to advancing aggregated solutions like zkLink Nova, driving innovative change and inspiring others through their work”.  

On zkLink Nova, dApps can access a ‘unified Ethereum experience’ of aggregated assets from eight of Ethereum’s broader Layer 2 rollup ecosystems, such as Arbitrum, Optimism, Base, ZKsync, Linea, Scroll, Manta, and Mantle. Secured by zero-knowledge proofs and multi-chain state synchronization, zkLink Nova offers developers the opportunity to explore new interoperable DeFi primitives while benefiting from the lower gas costs of its aggregated Layer 3 zkEVM network.

“The grants program reflects our vision to seamlessly bridge Web3 and Web2 together through industry collaboration. We are excited to see how the grant recipients will utilize this funding to further their projects and contribute to the community,” Yang added. 

“Congratulations to all the winners, and thank you for your contributions. We look forward to seeing the continued progress to unifying Layer 2s into one interoperable platform.”

zkLink Ecosystem Developer Grants Program Phase 2

Phase 2 of the Ecosystem Developer Grants Program will commence on 24 July 2024, and conclude on 30 September 2024. The phase will build on the successes and lessons learned from Phase 1, ensuring that grant applicants will receive guidance, flexible funding mechanisms, and reduced decision-making times.

The goal of Phase 2 is to support applications that are able to positively impact the on-chain activity and user experience(UX) on zkLink Nova. 

Protocols from diverse verticals, including but not limited to DeFi, meme projects, gaming, and AI are encouraged to apply. Special considerations will be given to open-sourced solutions and projects with a proven track record in either zero-knowledge (ZK) or Optimism (OP) rollup networks. Phase 2 will also continue to support innovative protocols and encourage the deployment of native dApps on zkLink Nova.

For more information about the zkLink Ecosystem Grants Program or to apply, visit website.

About zkLink

zkLink develops leading zero-knowledge blockchain solutions for the Ethereum ecosystem. Its flagship zkLink Nova is the industry’s first aggregated Layer 3 zkEVM Rollup network built on top of Ethereum and Ethereum Layer 2 rollups (L2s). It is an EVM-compatible, open platform that allows for scattered assets across Ethereum Layer 2s to be aggregated for interoperable trade and transactions. It is secured by zero-knowledge proof technology, charges extremely low gas costs, offers fast finality, and inherits its security from Ethereum.

zkLink is funded by notable backers including Coinbase Ventures, Solana Ventures, SIG DTI, Arrington Capital, and others.

Media Contact:

neil@zklink.org

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Spot ETH ETFs recorded inflows in the first 24 hours of trading according to Sosovalue data. 

The assets’ total value traded surpassed $1 billion.

The Ethereum ecosystem hit a new milestone with the US Spot ETH ETFs starting trading in the last 24 hours. After considerable anticipation, the digital assets began trading on July 23 after the SEC approved the final filings. On the first day of trading, the nine ETFs recorded a total net inflow of $106.78 million. 

According to Sosovalue data, eight ETFs recorded net inflows with the digital assets’ total value traded at $1.11 billion as of July 23. Meanwhile, ETH price has not yet priced in the ETF launch and is showing price declines. 

Notably, the leading ETH issuer, Grayscale’s Ethereum Mini Trust (ETHE) recorded a one-day net outflow of $484.11 million. The Mini ETF was the only issuer to exhibit outflows amid overall net inflows. Meanwhile, Grayscale’s other ETF, Grayscale Ethereum Trust (ETH) recorded $15.15 million in inflows. The two ETFs hold net assets worth $8.6 billion and $1.03 billion respectively. 

On the other hand, BlackRock (ETHA) exhibited the highest inflows recording $266.55 million in one-day net inflows as of July 23. The ETF holds total net assets worth $277.08 million and is on the lead within the ETH ETF sector. Bitwise (ETHW) followed close behind with $204.02 million inflows and net assets worth $206.52 million. 

Moreover, Fidelity and Franklin Templeton recorded $71.31 million and $13.21 million inflows respectively. However, VanEck recorded comparatively lesser one-day inflows of $7.64 million. Invesco Galaxy recorded the lowest inflows in the sector, $5.54 million, and a daily volume worth $500K approximately. 

Will the Spot ETH ETFs Perform Similar to Bitcoin ETFs? 

In H1 2024, leading cryptocurrency Bitcoin’s spot ETFs drew immense interest from the investors. The digital assets showed significant inflows in the beginning and have hit new milestones in the coming months. Moreover, the success of the spot BTC ETFs led to high market anticipations for the ETH ETFs. 

The digital assets, parallel to market expectations have surpassed the $1 billion mark in total value traded. This has led market analysts to hold positive outlooks for the ETF’s performance in the coming months. 

Moreover, as aforementioned, the Ethereum price has not yet shown significant growth after the ETFs began trading. The pricing in is expected to occur in the coming months. At the time of writing the token was trading at $3,440 according to CMC data. 

Highlighted Crypto News Today: 

Why Analysts Remain Bullish on Litecoin’s Near Future?

Litecoin’s price dips but wallet numbers and whale activity remain strong.

Increased whale transactions suggest significant interest and potential market shifts.

Litecoin (LTC) has been in the spotlight recently, reaching an 18-day high of $74.61 two days ago. However, the cryptocurrency is experiencing a bearish trend, with its price dipping to $71.92, reflecting a 2.53% decline. Trading volume has also decreased by 37%, adding to the cautious sentiment.

Despite this, recent data from Santiment has provided some positive news. Litecoin’s performance over the past decade shows it has amassed 8.08 million non-empty wallets, making it the most widely held altcoin among those listed. Dogecoin follows this with 6.69 million wallets, XRP Ledger with 5.24 million, and Cardano with 4.48 million. Shiba Inu and Chainlink have 1.39 million and 722,000 wallets, respectively.

In addition to these metrics, recent findings from Intotheblock highlight increased whale activity on the Litecoin network. The “Large Transactions Volume” indicator, which tracks transactions valued at $100,000 or more, shows a recent uptick. This surge suggests significant movement from large investors, indicating heightened interest and potential strategic shifts within the network.

Litecoin To Reach New Heights In Q3?

Trading expert John Bollinger has also weighed in, suggesting that Litecoin may be on the verge of a significant move. He noted that it might be “about time for LTC to wake up,” referencing the cryptocurrency’s monthly chart analyzed through Bollinger Bands, a technical tool he developed.

The above research indicates that Litecoin (LTC) remains a dominant player in the altcoin space with the highest number of non-empty wallets, suggesting strong long-term holder engagement. Despite recent price declines and reduced trading volume, increased whale activity signals significant interest from large investors. 

This could imply potential upcoming volatility or a shift in market dynamics. The recent dip and expert predictions of a possible major move suggest that LTC might be positioning for a significant price action. Investors should watch for further whale transactions and technical signals for insights into Litecoin’s next potential move.

Highlighted News Of The Day

Spot Ethereum ETFs See $300M Trading Activity in First Few Hours

The premier Web3 conference KBW2024: IMPACT is set to host over 10,000 attendees from 3-4 September 2024 

The action packed week also features 300+ side events, including those hosted by Movement Labs, Sui, Aptos, Creditcoin, Sahara AI, Story Protocol, and TON.

New headline speakers include Adeniyi Abiodun, co-founder of Mysten Labs; Rushi Manche, co-founder of Movement Labs; Justin Sun, founder of TRON; Sehyeon Oh, vice president of SK Telecom; and many more. 

Korea Blockchain Week (“KBW”), Asia’s premier Web3 festival taking place from 1-7 September 2024, announced Movement Labs as the official conference partner for its flagship two-day “IMPACT” conference. It also revealed a glimpse of the conference’s agenda and a slate of new title sponsors and speakers. With only slightly more than one month away, over 10,000 people are expected to attend IMPACT, held on September 3-4 at the Walkerhill Hotels & Resorts in Seoul, South Korea. 

Joining KBW2024: IMPACT as the official conference partner is Movement Labs, along with Sui, founded in 2022 by Rushi Manche and Cooper Scanlon, Movement Labs is building a next-gen blockchain network that powers a secure, high-performance Layer 2 on Ethereum, aiming to enhance smart contract security and scalability by bringing the MoveVM to the Ethereum ecosystem. 

Newly announced title sponsors, who will be joining Aptos foundation and TRON, are TON, Chiliz, Data Ownership Protocol (DOP), Creditcoin, Sahara AI, and Presto. Gold sponsors include ORBS, Flare Network, and Ripple. 

Rushi Manche, CEO of Movement Labs, expressed enthusiasm about the partnership: “We’re thrilled to be an Official Conference Partner of Korea Blockchain Week 2024. Korea is a powerhouse in the Web3 ecosystem, making it a strategic focus for Movement Labs. Our presence at KBW is instrumental in connecting with the vibrant Asian blockchain community and showcasing our vision for the future of decentralized technology. The Korean market represents a crucial nexus of innovation and rapid adoption, creating an ideal environment for collaboration and growth. KBW provides the perfect platform to engage with key stakeholders, from developers and entrepreneurs to investors, as we work towards advancing blockchain scalability and adoption on a global scale.”

Founded and organized by Web3 ecosystem builder, FACTBLOCK and co-hosted by Asia’s leading Web3 VC Fund, Hashed, this year’s KBW will cover a myriad of insightful topics, including the synergies between AI and blockchain, as well as DeFi’s glorious comeback with restaking and real-world asset tokenization. Underscoring the significance of Asia-powered growth and adoption, spanning across finance and deep technology, KBW will feature 100 sessions and 250 visionaries as speakers. 

Seon-ik Jeon, CEO of FACTBLOCK; Founder and Host of KBW said: “We are excited to present an ever-growing list of distinguished speakers, sponsors, and partners for KBW, covering the most pivotal topics in the intersection of Web 2 and Web 3. This underscores KBW’s esteemed reputation, highlighting its role as a preeminent gathering for industry leaders and the community. Remarkably featuring renowned pioneers in the sector, we believe KBW will offer unique perspectives that connect how far blockchain has come since its genesis and its limitless potential for the future.”

The newly announced speakers at this year’s conference include Adeniyi Abiodun, Mysten Labs; Alexandre Dreyfus, Chiliz; Justin Sun, TRON; Luca Schnetzler, Pudgy Penguins; Ran Hammer, ORBS; Robbie Ferguson, Immutable; Rune Christensen, MakerDAO; Rushi Manche, Movement Labs; Sehyeon Oh, SK Telecom; Smokey The Bera, Berachain; Sean (Xiang) Ren, Sahara AI; SY Lee, Story Protocol; and Yoann Turpin, Wintermute. These speakers are in addition to the impressive speaker line-up, including Vitalik Buterin(virtual), Arthur Hayes, Brand Garlinghouse, Richard Teng, Mike Belshe, Nathan Allman and Yat Siu among others. For a full list of speakers, visit here.

The action packed week further features 300+ side events, including those hosted by Movement Labs, Sui, Aptos, Creditcoin, Sahara AI, Story Protocol, and TON. For more information and continued updates on Korea Blockchain Week 2024, please visit: https://koreablockchainweek.com/ 

###

About Korea Blockchain Week:

Founded by FACTBLOCK and co-hosted by Hashed, Korea Blockchain Week (KBW) is an annual global blockchain and web3 festival held in Seoul, South Korea, since 2018. It has been a gathering ground for the top global blockchain and web3 leaders and unifying diverse communities.

KBW curates multiple prestigious main events, including the flagship conference ‘IMPACT.’ This provides participants and attendees exclusive opportunities to exchange industry insights and indulge in an immersive blend of music, art, and culture, making KBW a unique and enriching experience for all involved. 

Website | Twitter | Instagram | Youtube

Media Contact

kbw@wachsman.com 

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Uniswap recently achieved significant Layer-2 transaction volumes, while Immutable X saw price surges post-Polygon partnership. Amid these trends, BlockDAG stands out with a $60.4 million presale, drawing major investors to its innovative blockchain solution. 

BlockDAG’s Layer-1 technology addresses the blockchain trilemma—speed, scalability, and decentralisation—offering swift transaction processing and robust security without additional layers. With its mainnet launch imminent, BlockDAG aims to hit $100 million in presales, cementing its position as a leading Layer-1 cryptocurrency in the evolving blockchain landscape.

Uniswap Advances in Layer-2 Transactions

Uniswap has reached a significant milestone, recording over 4 million Layer-2 transactions, breaking previous records. The rise in transactions suggests that the DeFi space is adopting and using Layer-2 solutions faster. 

Uniswap’s Layer-2 platforms, including Optimism and Arbitrum, have been found to have played a major role in this increase. On the other hand, information indicates that the Uniswap native UNI token is currently valued at about $9.58. This is an increase of 3.08% from the previous day. UNI has decreased by 4.57% over the past seven days.

IMX Price Surge After Polygon Collaboration

The price of Immutable X’s native token, IMX, rose by 34.2% due to the company’s partnership with Polygon and the news that the zkEVM mainnet would soon launch. This collaboration aims to enhance the platform’s scalability and efficiency. 

Reduced transaction costs and increased speed are two anticipated advantages of the new zkEVM technology, which have recently aided in the rise in IMX’s stock price. Analysts foresee this development can signify the ongoing advancements in Layer-2 solutions within the blockchain space.

BlockDAG’s Breakthrough in Blockchain Presale

BlockDAG’s $60.4 million presale success has garnered attention across the crypto community. Its innovative approach to the blockchain trilemma—balancing decentralisation, scalability, and security—has been pivotal. Using Directed Acyclic Graph (DAG) technology, BlockDAG ensures secure, efficient transactions at high speeds.

BlockDAG’s DAG architecture prioritises speed, scalability, and decentralisation. It supports rapid transaction processing, handling multiple transactions simultaneously, with potential for over 10 blocks per second, aiming for 100 blocks per second. This eliminates bottlenecks seen in traditional blockchains, bolstering security against attacks and ensuring reliability.

Distinguishing itself in the blockchain arena, BlockDAG prepares for an early mainnet launch in four months, showcasing its commitment to advancing blockchain capabilities. With listings on platforms like CoinSniper and CoinMarketCap, BlockDAG’s presale aims to reach $100 million, driven by investor interest and anticipation.

While other cryptos focus on Layer-2 enhancements, BlockDAG, as a leading Layer-1 crypto, offers inherent speed and scalability within its core protocol. This direct approach emphasises foundational blockchain capabilities without additional layers. Integrated features include smart contracts, secure mining, and optimised performance, enhancing the user experience. Its cryptographic algorithms ensure transaction security and hashing efficiency, positioning BlockDAG as a trailblazer in sustainable digital transformation.

The Takeaway

BlockDAG’s presale success highlights its prominence as a top Layer-1 cryptocurrency, boasting speed, scalability, and decentralisation. With an impending mainnet launch, its presale aims for $100 million, reflecting strong investor confidence. While Uniswap and IMX navigate their strategies, BlockDAG’s steadfast focus on core Layer-1 advancements sets a new standard in secure investments.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

NEAR Protocol displays strong upward momentum with expectations to breach the $9 level, fueled by investor confidence and solid underlying fundamentals. Meanwhile, Polygon is advancing the limits of Web3 scalability with its AG Layer, which aims to handle 1 million transactions per second.

However, the spotlight is currently on BlockDAG, which is gearing up for an extraordinary team unveiling on July 29th. This event is more than just a standard announcement; it marks a significant shift that could alter the project’s future. Having secured over $60.4 million in presale funding, the anticipation is high, with a predicted 40% rise in coin value. For those seeking the next big thing, BlockDAG presents an enticing prospect with its innovative approach and strong community support.

NEAR Price: Poised to Top $7 Post $5.5 Break

NEAR Protocol exhibits a positive trend with its recent ascent beyond the earlier peak of $5.5, setting sights on further gains. The protocol boasts a market capitalization of $6.769 billion and a daily trading volume of $410.621 million. Bullish signals are also apparent in the derivatives data for NEAR, currently trading at $6.132.

Token statistics show that 92% of NEAR coins are in circulation, aiding its stability and potential for additional growth. With influential backing from entities like A16Z and Tiger Global, the forecast for the NEAR Protocol remains promising.

Polygon (MATIC) Updates: Introducing AggLayer

Polygon is enhancing Web3 technologies with its newly launched AggLayer. Introduced by co-founder Sandeep Nailwal, AggLayer facilitates swift and secure cross-blockchain transactions. It utilizes zero-knowledge proofs (ZK-proofs) to ensure transactional efficiency and safety. AggLayer primarily aims to streamline and oversee monetary interactions across multiple blockchains, promoting interoperability. Despite a recent 1.2% decrease in value, with Polygon priced at $0.54, the future outlook is optimistic.

BlockDAG’s Team Unveiling on July 29th: Expected 40% Value Increase

BlockDAG is preparing for a major event on July 29th, when its executive team and CEO will be disclosed. This announcement has sparked significant interest in the crypto sphere, as investors and enthusiasts look forward to understanding the driving forces behind this decentralized crypto initiative. The unveiling is poised to boost transparency and strengthen stakeholder confidence in the innovative and capable team leading BlockDAG.

This anticipation has led experts to foresee a 40% appreciation in BlockDAG’s coin value. The enthusiasm is well-founded, given the project’s outstanding presale achievements, including a 1400% price leap across 20 batches, raising $60.4 million. This success underlines investor trust and supports aggressive investment forecasts, with predictions of a 30,000x ROI at launch, highlighting BlockDAG’s investor appeal and driving further capital infusion.

BlockDAG’s exceptional presale feats and strategic achievements establish it as a noteworthy cryptocurrency, diverting attention from crypto tokenization. The presale’s success emphasizes the project’s reliability and prompts urgency among potential investors. As the project progresses, its substantial financial support and expanding community engagement will likely bolster its enduring success.

Conclusion

As BlockDAG approaches its much-anticipated team unveiling on July 29th, the crypto community buzzes with predictions regarding its potential market impact. The presale’s success in gathering over $60.4 million and expert forecasts of a 40% price increase positions BlockDAG as a major contender in the cryptocurrency arena. The forthcoming transparency and proven presale track record are set to boost investor confidence and participation, making BlockDAG a standout investment prospect.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Singapore, Singapore, July 23rd, 2024, Chainwire

A groundbreaking moment in decentralized finance (DeFi) is here as Magnify Cash unveils its state-of-the-art DeFi protocol and announces the upcoming Fair Launch of its native token, $MAG. As a pioneer in financial technology, Magnify Cash is set to reshape the financial services landscape for individuals and enterprises alike.

The Future of Decentralized Credit Markets

Magnify Cash is spearheading the next evolution in decentralized credit markets, unlocking liquidity for Real-World Assets (RWAs), Future Yield Tokens (FYTs), and a myriad of digital assets through its innovative, permissionless lending desks.

Solving Key Financial Challenges

Limited Liquidity: Bridging the gap for diverse digital assets.

Decentralization: Eliminating centralized and custodial lending limitations.

Innovative Products and Solutions

Permissionless Lending Desks: Facilitate borrowing and lending for any ERC-20 token against RWAs, FYTs, and other digital assets.

Decentralized Borrowing Options: Provide lending solutions without intermediaries, ensuring maximum security and transparency.

Universal Collateral and Currency Support

Magnify Cash’s Universal Collateral Acceptance feature supports an extensive array of tokenized assets, including ERC-1155 and ERC-721 tokens. Users can now leverage NFTs and tokenized real-world assets such as art, real estate, bonds, and luxury goods as collateral, unlocking liquidity without the need to liquidate these valuable assets.

Key Features

Comprehensive Support: Universal support for lending currencies and loan collateral (ERC-20, ERC-1155, ERC-721).

Seamless Operations: Asset-backed borrowing and lending with permissionless creation and management of lending desks.

Enhanced Liquidity: Extensive liquidity options for all digital assets, including stablecoins, ETH, liquid staking tokens (LSTs), meme tokens, blue chip NFTs, and treasuries.

Advanced Risk Management: A dynamic interest rate model utilizing linear interpolation and scaling factors, eliminating the need for oracles.

Robust Security and Compliance

Guardian Protocol Audit: Ensuring top-notch security.

Gaslite Gas Optimization Audit: Maximizing operational efficiency.

Proven Testnet Success

Over 500 lending desks created.

More than 500 loans issued.

Nearly 5,000 unique users engaged.

Strategic Alliances and Future Roadmap

Magnify Cash collaborates with leading industry partners like LydianLabs, FjordFoundry, Jiraiya, Tailored, Blaize, 4am, and H3AT Studios, amplifying the platform’s capabilities and outreach. Key security audits by Guardian Protocol and Gaslite reinforce Magnify Cash’s commitment to providing a secure and reliable platform.

Currently Live on

Base Testnet

Exciting Upcoming Launches

Base Mainnet: Coming Soon (Including RWAs)

Ethereum Mainnet: Coming Soon (Including RWAs)

Potential Layer 2 launches: Abstract Chain, Blast Chain, and more.

Fair Launch of $MAG Token

The $MAG token will be launched through Fjord Foundry’s liquidity bootstrapping protocol, ensuring a fair and transparent distribution. The token sale runs from July 23rd, 8:00 PM EST to July 27th, 8:00 AM EST, with over 70% of tokens allocated to the public. This equitable approach encourages broad participation and fosters a strong, engaged community. Active participants, including lenders, liquidity providers, and borrowers, are rewarded with $MAG tokens.

Participation Opportunities

Secure $MAG Tokens: The MAG token sale begins on July 23rd at 8:00 PM EST (July 24th, 8:00 AM Singapore Time). Participants are invited to join the Fair Launch at Fjord Foundry here.

Explore the Ecosystem: Magnify Cash invites interested parties to discover its comprehensive ecosystem by visiting the Website. Access the Pitch Deck, engaging Intro Video, detailed Whitepaper, and technical Documentation.

Engage with Our Community: Magnify Cash encourages joining its vibrant community for real-time updates and support. Follow us on Twitter, join the Telegram group, and participate in discussions on Discord.

About Magnify Cash

Magnify Cash is a non-custodial and permissionless decentralized credit market that empowers users to lend ERC-20 tokens and borrow against non-fungible tokens (NFTs) and Real-World Assets (RWAs) with unmatched flexibility and transparency. Committed to true decentralization, Magnify Cash ensures universal support for ERC-20 tokens as lending currencies and ERC-1155/ERC-721 assets as collateral. The protocol’s innovative approach to on-chain credit markets offers a fresh perspective in the evolving world of decentralized finance.

For more information, users can visit https://Magnify.Cash or follow Magnify Cash on Twitter at X.com/MagnifyCash.

Magnify Media Kit: Link.

Contact

Press ManagerMagnify.Cashsocials@magnify.cash

At roughly 10:45 a.m. EST, or 75 minutes after the opening, the funds reached $300 million.

The spot Ethereum ETFs were live for trading in the US at 9:30 a.m. EST on Tuesday.

Significant trading activity has already been produced since spot Ethereum ETFs first debuted on the U.S. stock market Tuesday morning. The exchange-traded funds amassed millions in total trading volume in less than an hour.

At roughly 10:45 a.m. EST, or 75 minutes after the open, the funds reached $300 million in trading activity. Bloomberg Senior ETF Analyst Eric Balchunas gave some background on the early statistics. Balchunas noticed this comparison didn’t include GBTC. And if you throw it in, the ETH ETFs do roughly 20% to 25% of the volume of the BTC ETFs.

The introduction of spot Bitcoin ETFs in January has been praised by many in the industry as the biggest ETF launch ever. The funds have experienced $300 billion in total trading volume in the first six months, topping at $61.5 billion in AUM.

All Eyes on Ether Price

Moreover, the first-ever spot Ethereum ETFs were live for trading in the US at 9:30 a.m. EST on Tuesday morning, coinciding with this remark. Also, the S1 registration statements were made effective after clearance from the U.S SEC. This clearance was the last green light for the funds representing the second-largest cryptocurrency in the world to start trading on key U.S. exchanges.

Jim Cramer, CNBC anchor has made a remarkable claim about Ethereum’s recent price behavior in light of the introduction of spot ETFs in the U.S. The fact that Ethereum is dropping down is a clear indication of how much it was overpriced, according to Cramer. Who implied that the price of the cryptocurrency had been inflated due to the ETF debut. At the time of writing ETH is trading at $3476, down 0.30% in the last 24 hours as per data from CMC.

Highlighted Crypto News Today:

Defunct Crypto Exchange Mt. Gox Transfers 47,500 Bitcoin Worth $3.2B

BlockDAG, along with Toncoin (TON) and Cronos (CRO), is generating substantial excitement in the cryptocurrency arena, with each offering promising developments that attract investor interest. BlockDAG is at the forefront with its $2 million giveaway and a fast-forwarded mainnet debut, attracting more than 98,000 entrants. This vast participation underscores BlockDAG’s solid community backing and its ambitious trajectory. Toncoin is bucking the norm by setting new record highs and displaying remarkable stability. Despite facing ambitious price goals, Cronos is managing consistent growth within the Crypto.com environment.

BlockDAG Unveils $2M Giveaway and Hastened Mainnet Debut

The BlockDAG Network is stirring excitement with a $2 million giveaway that will benefit 50 fortunate community members out of over 98,000 participants. Entrants can take part by interacting on social media, providing their wallet details, completing various tasks, and referring friends. The winners will be chosen randomly and revealed on BlockDAG’s channels, sparking widespread enthusiasm.

In a thrilling development, BlockDAG has advanced its mainnet launch to just 2 months away, much sooner than the initially scheduled 6 months. This fast-tracked plan targets a market capitalization of $600 million by 2024, uplifting investor spirits with clear and attainable goals. The rapid deployment and ambitious financial aims mirror the team’s confidence in BlockDAG’s potential to spearhead the market.

BlockDAG’s swift and transparent strategy highlights its potential to become a commanding force in the cryptocurrency realm. This clear roadmap fosters trust and clarity, both essential in the unpredictable crypto market. BlockDAG’s meteoric ascent to the top of the CoinSniper rankings, boasting a 1400% increase in presale price, is turning investor heads and cementing its status as a leading crypto contender.

Can CRO Hit $1000 or $500? Insights You Should Consider

Cronos (CRO), a product of Crypto.com, functions as a decentralized blockchain known for its speedy transactions and minimal fees. Despite its vital role in trading, payments, and staking within the Crypto.com system, projections of CRO reaching $1000 or even $500 appear far-fetched.

For CRO to climb to $1000, it would need a 10,598-fold increase from its present value, equating to a market cap of $26.57 trillion—an unrealistic scenario. Similarly, a climb to $500 would require a 5,299-fold surge, leading to a $13.29 trillion market cap, which is just as unlikely.

Nonetheless, with a robust 55.2% growth over the previous year and the introduction of the Cronos zkEVM for secure, cost-effective transactions, CRO represents a viable investment for consistent growth rather than exponential jumps.

Toncoin Defies Market Downturns with Optimistic Price Outlook

Toncoin continues to exhibit strong price forecasts, maintaining its ground above $7 amid generally bearish market trends. Following Bitcoin’s mid-March pullback, the global crypto market entered a correction period. Yet, Toncoin has defied this downturn, reaching a new peak of $8.28 by mid-June.

Toncoin’s tenacity is apparent with a 58.27% price surge over the past 100 days. While the overall market dipped by 5.7%, internal growth dynamics have propelled Toncoin’s performance. Additionally, a $270 million Open Interest has tempered rapid sell-offs. This solid performance highlights Toncoin’s robust ecosystem resilience in a fluctuating market, supporting optimistic future price projections.

Concluding Thoughts

Although Toncoin and Cronos hold promising prospects, BlockDAG steals the spotlight. Its $2 million giveaway and expedited mainnet launch are fueling remarkable community involvement and delineating a daring and forward-looking plan. With over 98,000 participants already engaged, BlockDAG is poised for swift expansion and market leadership. Investors seeking substantial returns should capitalize on this opportunity and join BlockDAG before it skyrockets. This is your invitation to join a trailblazing project poised to redefine the crypto landscape.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.

Circle STARKs mitigates risk by increasing the number of values that attackers need to guess.

STARKs sometimes operate over inefficient 256-bit fields, as stated in the post.

Vitalik Buterin, co-founder of Ethereum, has unveiled Circle STARKs, a new cryptographic protocol that aims to enhance the efficiency and security of blockchain. Buterin describes this technical advancement in his most recent post, explaining that it makes use of smaller fields like Mersenne31 to greatly increase the proving speed without sacrificing security.

Though safe, conventional Scalable Transparent Arguments of Knowledge (STARKs) sometimes operate over inefficient 256-bit fields, as stated in the post.

Verifying 620,000 Poseidon2 hashes per second on an M3 laptop is possible with Circle STARKs. Because they use smaller fields, which leads to decreased computing costs, faster-proving rates, and more efficient gains.

While earlier STARK implementations made smaller fields “naturally compatible with verifying elliptic curve-based signatures.” Buterin points out that this “led to inefficiency” because of the enormous numbers involved.

Boosting Security

Conventional small fields are vulnerable to brute-force attacks because of their limited potential values. Circle STARKs mitigate this risk by increasing the number of values that attackers need to guess. This is via the use of extension fields and several random checks.

Moreover, the integrity of the protocol is preserved by this security mechanism, which presents a computationally prohibitive barrier for attackers. Also, an essential part of Circle STARKs is the Fast Reed-Solomon Interactive Oracle Proofs of Proximity (FRI), which demonstrates that a function is a polynomial of a certain degree.

Introducing Circle FRI, a method that keeps the cryptographic process intact, Circle STARKs make sure that inputs that aren’t polynomial fail the proof. By making use of tiny fields and this novel mathematical structure, circle STARKs provide more adaptability and efficiency in computing performance.

Highlighted Crypto News Today:

Will Ethereum Witness Price Breakouts Amid ETF Issuers HODLing?

The crypto market is never dull. With new opportunities emerging monthly, the dream of becoming a crypto millionaire remains within reach. Among the current hot topics, XRP volume is surging, and analysts are predicting a significant rise for Avalanche (AVAX).

Meanwhile, MOONHOP (MHOP) presale is catching everyone’s eye. Fueled by an incredible community, MOONHOP is gearing up for an astounding 4900% increase to $0.5 by stage 50. This momentum has investors eagerly hopping on board, making it a thrilling prospect for those seeking massive returns.

Can XRP’s Volume Surge Propel It to Double Digits?

XRP’s trading volume has shown impressive growth recently, with a staggering 54% increase in daily volume to $2.21 billion. This surge comes amid a broader market rally, pushing XRP’s price to a new monthly high of $0.5682. However, to achieve a double-digit price, XRP would need a monumental daily trading volume of around $40 billion, according to hypothetical analysis.

This target remains ambitious, given the current volumes of leading assets like Bitcoin and USDT. Real-world factors, including market liquidity, investor sentiment, and economic conditions, will ultimately determine the feasibility of this projection, highlighting the complexity of such a significant increase in XRP volume.

Avalanche (AVAX) Prediction: What the Future Holds for This Coin

Avalanche (AVAX) is catching the eyes of investors with a recent upward trend, climbing nearly 6% over the past week. Currently trading at $27.11, AVAX shows promising signs of growth amidst a bullish market.

Analysts see potential for a significant rise, pointing to a “Hidden Bull” pattern as an indicator of future gains. While the Avalanche (AVAX) prediction is optimistic, investors are advised to watch AVAX’s movements closely, as market dynamics can shift rapidly.

MOONHOP’s 10% Referral: A Community-Driven Crypto Adventure

MOONHOP is the talk of the meme coin community with its impressive presale, having raised a hefty $995K in stage 1. Like a rabbit darting through the fields, MOONHOP’s presale is racing ahead with incredible speed. Starting at just $0.01, this presale is divided into 50 stages, promising a 4900% increase from start to finish. Early supporters are hopping on for the ride of a lifetime.

The real magic of MOONHOP lies in its community, fondly called The Fluffle. This isn’t just a group of investors; it’s a family that grows and thrives together. With a 10% referral bonus, inviting friends to join The Fluffle is both fun and rewarding, making MOONHOP a community-driven venture from the get-go.

MOONHOP’s roadmap is as clear as a sunny day, charting a path that’s easy to follow and filled with promise. From the initial presale stages to exciting future developments, MOONHOP is designed to build a connected and enthusiastic community. It’s not just about investing; it’s about being part of something bigger and more exciting. With MOONHOP, you’re looking at potential high returns and a thrilling journey in the meme coin market.

Closing Note

While XRP’s volume surge and Avalanche’s predicted growth are noteworthy, MOONHOP (MHOP) presents a unique opportunity in the crypto market. With its community-driven approach, the MOONHOP presale has already raised an impressive $995K, starting at just $0.01. For those in search of the top crypto to invest in, MOONHOP’s rapid ascent and vibrant community make it a prime candidate. The buzz around MOONHOP highlights its potential as a thrilling venture in the market.

Join Moonhop Presale Now:

Website: Moonhop.io

Presale: https://Moonhop.io/buy

Twitter: https://twitter.com/Moonhopcoin

Telegram: https://t.me/Moonhopcoin

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

The crypto market is experiencing a period of calm, with many investors eagerly awaiting the next bull run. Altcoins are still at attractive entry points, though they are already beginning to rise. This presents a unique opportunity for those looking to discover hidden gems before their value explodes. This article provides practical tips from a leading market analyst on how to identify the next big coins. By understanding key indicators and market trends, readers will learn which cryptocurrencies are poised for significant growth. Discover which altcoins are set to take off and how to position oneself effectively in the market. Dive in to unlock the secrets of spotting a hidden crypto gem.

CYBRO Presale Exceeds $1.3 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity

CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1.3 million. This next-generation DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 64 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

>>>Join CYBRO and aim for future returns up to 1200%<<<

LayerZero (ZRO) Poised for Growth Despite Market Fluctuations

LayerZero (ZRO) is showing positive signs despite recent market dumps. Currently priced between $4.14 and $5.87, ZRO has seen a one-month gain of nearly 60% and an eye-popping 393% over six months. With its RSI at 34.76 and stochastic at 14.60, there’s plenty of room for upward momentum. Key resistance levels are found at $6.53 and $8.27, a potential 40% and 90% rise respectively. Support is strong at $3.06, with another level at $1.33. Keep an eye on these trends, as LayerZero could be primed for a significant bull run.

Worldcoin (WLD) Poised for Growth Despite Recent Pullback

Worldcoin (WLD) is currently trading between $1.87 and $3.27, having faced recent downward pressure. Bulls are showing some weakness as the price dipped by around one-fifth in the past month, but the long-term signs are promising. With the nearest resistance level at $3.97, if WLD breaks through this level, it could pave the way for a significant rise, potentially aiming for the next resistance at $5.38. The 6-month change remains positive, hinting at potential growth. If WLD reaches $5.38, that would be an impressive gain of over 60% from its current lows. Bulls might be gearing up for a bullish run akin to 2021, with solid growth prospects ahead.

Wormhole (W) Bucks the Trend: Bulls Eyeing Major Breakout Levels

Wormhole’s current price hovers between $0.31 and $0.38, with bulls showing signs of strength following a 2.13% gain this week. Despite the broader crypto decline, Wormhole has surged over 550% in the past six months, showcasing its potential for another breakout. If it crosses the $0.40 mark, the next target could be $0.46, translating to a significant rise of nearly 50%. Support sits at $0.27, providing a cushion against further dips. Our confidence grows as the 10-day and 100-day simple moving averages sit close, hinting at consolidation before a push higher. The RSI near 47 suggests the coin isn’t overbought yet, implying room for growth.

Ondo (ONDO) Shows Signs of Promising Bullish Comeback

Ondo’s price is hovering between $1.01 and $1.15, indicating a tug-of-war between bulls and bears. The nearest resistance stands at $1.21, with a key support at $0.94. Despite a recent dip of nearly 13% over the past month, Ondo boasts a strong six-month growth of over 296%. The Relative Strength Index at 39.25 suggests it’s approaching oversold territory, while the 10-day moving average near $1.02 shows it’s gearing up for a potential surge. If bulls overcome the $1.21 barrier, Ondo could easily target the next resistance at $1.35, marking an impressive potential gain of around 20%.

Conclusion

ZRO, WLD, W, and ONDO may have less potential in the short term. CYBRO, however, is a technologically advanced DeFi platform offering unique opportunities for investors. Its AI-powered yield aggregation on the Blast blockchain sets it apart. Attractive features include lucrative staking rewards, exclusive airdrops, and cashback on purchases. CYBRO ensures a superior user experience with seamless deposits and withdrawals. Emphasizing transparency, compliance, and quality, CYBRO has garnered strong interest from crypto whales and influencers. It stands out as a promising project, offering unparalleled opportunities to maximize earnings.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The recent activities of some Ethereum whales have caught the attention of savvy investors. These big investors, who hold a significant amount of ETH, are making significant moves by buying ETFSwap (ETFS), Near Protocol, and Avalanche (AVAX). Based on analysis from crypto experts, these moves by Ethereum whales could have a lasting impact on the broader crypto market. 

ETFSwap (ETFS) Attracts Ethereum Whale Interest

ETFSwap (ETFS) tops the list among altcoins that have caught the interest of Ethereum whales. With the objective of bridging the gap between traditional finance and the decentralized crypto ecosystem through the most user-friendly interface, ETFSwap (ETFS) offers investors a seamless way to access exchange traded funds (ETFs) through blockchain technology. 

By enabling investors to expand their portfolios across different asset classes through tokenized ETFs, Ethereum whales have recognized the potential of ETFSwap (ETFS), as it is the most profitable gateway to leveraged ETFs, real estate ETFs, equity ETFs, fixed income ETFs, and more. With ETFSwap’s 10x leverage feature on all ETFs, investors can earn up to 1,000% in gains. Also, using the 50x leverage feature, these Ethereum whales can expand their positions on all listed ETFs in order to be eligible for a 5,000% return on investment.

Most crypto analysts tout ETFSwap (ETFS) as being ahead of time, as the platform provides both retail investors, institutional investors, and whales with sophisticated AI-powered tools, which include the ETF Filter, ETF Screener, and ETF Tracker. These are practical trading tools with advanced algorithms that enable investors on the ETFSwap (ETFS) platform to select the best tokenized ETF investments based on previous patterns and present market conditions.

Furthermore, as security in the crypto space cannot be overstated, ETFSwap (ETFS) has completed its KYC verification process with SolidProof, a renowned cybersecurity and blockchain audit firm that ensures there are no vulnerabilities in smart contracts or blockchain projects through manual and automated tests.

Near Protocol (NEAR): A Scalable Blockchain Attracting Ethereum Whale Investment

Another altcoin that has caught the attention of Ethereum whales is Near Protocol (NEAR). As a scalable and user-friendly blockchain, Near Protocol (NEAR) has attracted both developers and investors alike due to its robust technological infrastructure. Also at the core of Near Protocol’s recent rise is a detailed governance plan designed to boost decentralization and an efficient ecosystem.

Following the announcement of a major governance update, Near Protocol (NEAR) experienced a 15% surge in price. This announcement has captivated the interest of Ethereum whales and sparked speculations about the future potential of the Near  Protocol. Based on recent data from CoinGecko, NEAR is valued at $6.09, reflecting a 26% surge in the weekly chart, which has led Near Protocol’s market cap to $6.7 billion.

Avalanche (AVAX): The Ethereum-Compatible Blockchain on Whales’ Radar

Avalanche (AVAX) is among the altcoins that have seen significant buying activity from Ethereum whales. As an Ethereum-compatible blockchain built on the Avalanche (AVAX) network, Avalanche (AVAX) offers enhanced scalability, lower transaction fees, and faster confirmation times, making it an attractive option for both developers and investors.

While the value of Avalanche (AVAX) has increased by almost 10% in the last week, the interest from Ethereum whales underscores the growing demand for alternative Layer-1 blockchain solutions that can challenge the dominance of ETH. By buying Avalanche (AVAX), these whales are demonstrating their confidence in Avalanche’s ability to capture a share of the rapidly expanding decentralized applications (dApps) market.

Conclusion

As the crypto market continues to evolve, it would be wise for investors to closely monitor the actions of Ethereum whales, as their investment decisions can often serve as a barometer for promising investment opportunities. 

However, the ongoing success of the ETFSwap (ETFS) presale, with over 61 million tokens sold and $2.5 million raised in just a week, indicates a growing demand for the ETFSwap native token, ETFS. Apart from Ethereum whales, both retail and large-scale investors are buying ETFS for a discounted price of $0.01831 each. Early investors stand to earn 200% profits off their capital from a possible price increase in the next stage of the presale.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The timing of this event comes just before the exchange’s expected Q2 results report.

Coinbase may have difficulties due to the present administration’s enforcement strategy.

With CITI’s “buy” recommendation for Coinbase shares, the prominent cryptocurrency exchange has attracted a lot of interest from investors. The timing of this event, just before the exchange’s expected Q2 results report in early August, has sparked speculation as to why the market is so bullish.

Coinbase’s rating has been upgraded from “Neutral” to “Buy/High Risk” by CITI due to developments in the U.S. political and legal scene. According to the CITI team of experts, these changes may have a beneficial effect on the regulatory risks faced by the business. One positive development for the cryptocurrency business is the Supreme Court’s decision to overrule the Chevron ruling.

Regulatory Shifts

Also, as mentioned in the latest report, the Chevron judgment has the potential to make the SEC’s regulation by enforcement policy more scrutinized by the courts. As a result of this development, crypto defendants may be able to use the Major Questions Doctrine, which might force the SEC to reveal its regulation strategies.

Furthermore, the experts believe that investment and institutional capital might be attracted by a regulatory climate that is more favorable. This situation has the ability to improve cooperation between crypto-native and conventional finance industries, which might be very advantageous to Coinbase.

Notwithstanding the optimistic prognosis, CITI has identified several hazards. Coinbase may have difficulties due to the present administration’s enforcement strategy and the position of the SEC about staking. Although staking is essential to almost a third of on-chain tokens, Ethereum ETF providers cannot provide staking payouts.

With proof-of-stake tokens like ETH being so important for energy-efficient crypto usage, this limitation might affect COIN’s performance.

Highlighted Crypto News Today:

Will Ethereum Witness Price Breakouts Amid ETF Issuers HODLing?

Pepe (PEPE) and Injective (INJ) have recently shown volatility but are now exhibiting signs of bullish reversals. Both PEPE price forecasts and Injective (INJ) price recovery point to potential growth. 

Amid these shifts, BlockDAG, a new crypto coin with an impressive presale, has caught the eye of investors. Its recent collaboration with UFC champion Alex Pereira has significantly increased its visibility. With the presale exceeding $60.4 million due to rising investor interest, BlockDAG is emerging as a strong contender, outperforming established market leaders.

PEPE’s Bullish Outlook and Price Predictions

Pepe (PEPE) is currently showing a promising chart pattern, re-accumulating within an ascending triangle on the weekly chart. Analyst Clay recommends entering the market at the current level and adding positions at the breakout point of the triangle, which is seen as a low-risk strategy. The ascending triangle pattern is generally considered bullish, suggesting accumulation that can precede significant price movements.

Clay’s PEPE price prediction includes three targets: $0.0000287, $0.0000417, and $0.0000547. Following his analysis, these targets represent potential gains for investors. As PEPE continues to follow this bullish pattern, it stands out as a viable investment option for those looking to capitalise on its upward momentum. The recent chart patterns and predictions show that PEPE has the potential to achieve substantial growth in the near future.

Injective (INJ) Price Rally and Market Outlook

Injective (INJ) has experienced a notable price increase, rising from $20 to $26, marking a 25% pump in recent days. Despite this, INJ is still 50% below its all-time high set in mid-March. The price has recently broken out of a descending channel, entering a discovery mode where it explores new price territories without established resistance levels. The current 200-day moving average (MA) at $31 is the next resistance level to watch.

Analyst WIZZ, with over 710k followers on Twitter, suggests that the Injective (INJ) price rally is on its way to $30, aligning with the 200-day MA. Injective aims to provide a fast, interoperable blockchain for advanced DeFi applications using a Proof-of-Stake consensus mechanism. With solid fundamentals and a healthy chart, INJ has the potential to revisit and surpass its previous all-time high, making it a strong contender for future growth.

BlockDAG’s Partnership with UFC Champion Boosts Presale Success

BlockDAG has made significant progress in the crypto market by announcing a partnership with UFC champion Alex Pereira. This collaboration has brought considerable attention to BlockDAG, enhancing its visibility and boosting investor confidence. The partnership underscores BlockDAG’s commitment to resilience and innovation, aiming to set itself apart in the competitive landscape of emerging crypto coins.

The presale success is evident, with BlockDAG raising over $60.4 million. The presale price surged by 1400%, from the initial batch price of $0.001 to the current batch price of $0.015 in batch 20. This impressive growth highlights the strong investor interest and trust in BlockDAG’s long-term potential. The strategic move to involve a prominent sports figure has increased BlockDAG’s visibility and broadened its appeal to a more diverse audience.

BlockDAG’s innovative approach and ambitious goals make it a strong contender among emerging crypto coins. The partnership with Alex Pereira has significantly contributed to its presale success, positioning BlockDAG for continued growth. Investors looking for promising opportunities should consider BlockDAG, as its market presence continues to strengthen, reflecting both its strategic initiatives and the increasing investor interest.

Key Insights

While both PEPE and INJ show strong bullish potential, BlockDAG stands out with its robust presale performance and strategic partnerships. The announcement of its partnership with UFC champion Alex Pereira has boosted its presale to over $60.4 million. 

This presale has seen a 1400% price surge from its initial batch price of $0.001 to $0.015 in batch 20. With such impressive figures, BlockDAG positions itself as a significant player among emerging crypto coins. Investors looking for promising opportunities should consider BlockDAG, as it outperforms both PEPE price forecasts and Injective (INJ) price recovery prospects.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.