Raising a lot of money in the crypto world isn't easy. It takes a solid plan, a great team, and a promising project. The FATTY ecosystem has all of these, and it shows. They raised an impressive $1.5 million in just the first 12 hours of their presale. This big achievement shows how much people believe in FATTY's vision.
FATTY is inspired by the old-school Tamagotchi games, where you care for a virtual pet, but FATTY takes this idea and makes it modern with ways to earn while you play. Adding to their credibility, FATTY partnered with UFC Champion Jiří Procházka and launched a catchy song on Spotify, which you can listen to now
Exciting Plans and Big Thanks to the Community
The #FATTY team isn't stopping after the successful presale, as they have big plans for the future. One of their main goals is to create the FATTY Academy, where people can learn about crypto and gaming. They also plan to open a merch store where fans can buy cool FATTY-branded items.
The FATTY team is grateful for the community's support, which helped them raise $1.5 million in just 12 hours. As such, they are committed to improving the ecosystem. 
By the end of the year, they plan to add more mini-games to the FatBoy Game, making it more fun and engaging. They also plan to improve FatBot with more advanced features, making it a powerful tool for traders.
The FATTY Ecosystem: FatBoy Game and FatBot
The FATTY ecosystem is all about providing a fun and rewarding experience. At its heart is the #FatBoy Game, a new take on the Tamagotchi-style game. In this game, you keep your FatBoy character happy by doing different daily activities, such as brain games, sports challenges, and cooking tasks. 
When you do well in these activities, you earn FATTY tokens, a fun way to make money while playing.
Another important part of the FATTY ecosystem is #FatBot , a tool designed to make trading easier and safer. FatBot offers advanced trading features like block zero sniping, limit orders, and auto-trades. It makes trading more efficient and secure, which is great for serious traders. 
Therefore, if you hold FATTY tokens, you get access to special features in FatBot, like automatic #MEME screening and sniping, giving you an edge over others.
FATTY Tokens and Community Support
FATTY tokens are the core of the ecosystem, giving community members many benefits. These tokens can be used for various things within the ecosystem, like playing the FatBoy game or using the advanced features of FatBot. 
Moreover, the FATTY tokens are more than just digital money; they give you a stake in the project's future and are a way to engage deeply with the community. Thus, investing in FATTY tokens offers several advantages. 
The ecosystem focuses on secure transactions and sustainable ways to earn money, making FATTY tokens valuable assets. Support from big names like UFC Champion Jiří Procházka and the catchy song on Spotify also help boost the project's visibility and credibility.
Buying FATTY tokens during the presale is a smart move for those who want to join the FATTY ecosystem. It's a great chance to get in early and potentially see big returns as the project grows. 
To buy FATTY tokens during the presale, visit the official website, connect your compatible wallet, choose your payment method, select the number of tokens you want, and complete the transaction.
It's easy and straightforward to become part of this exciting project.
By holding FATTY tokens, you can enjoy the innovative features and opportunities within the ecosystem. Whether you're a gamer, trader, or investor, FATTY offers a dynamic and rewarding experience.
Find More About FATTY on FATTY.io
By joining the fun today, you will become a part of something extraordinary!

How do you know your #MEME game is getting your earnings pumped? Well, if they raise almost $1.5 M in the first 12 hours and with the help of its community, almost without any marketing, then you've found your champion!
This is the case with Fatty.io , the latest MEME game within the $FATTY ecosystem. But it is more than a game; it is an immersive journey through fun, excitement, engaging challenges, and a thriving and growing community.
The FATTY Ecosystem
The Fatty.io ecosystem is probably one of the most diverse at the moment, especially if we think of crypto MEMEs andgames. #FATTY is so much more than just FatBoy. Of course, FatBoy has its charm, and nobody can deny it, but the magic happens when you discover how much more you can do once you start playing it. 
#FatBoy is your ticket to the FATTY ecosystem, offering you a fun journey and plenty of earning opportunities. 
#FATBOT allows users to gain a technological advantage over retail by setting up a bot and sniping memes or altcoins from the very first second of trading. The platform offers fast trades, auto sniping, copy trading, trading analysis, buy/sell limits, and, probably most importantly (at least for some users), scam protection and an anti-rug mechanism. Besides, FATBOT is accessible from both desktop and mobile devices, and it developed a bot academy that can help new users set up their first bot. 

The Presale
As we mentioned before, FATTY focuses on making users’ crypto experiences better with each day that passes, encouraging them to take advantage of everything it offers. 
At the moment, FATTY is holding its first token presale event. The presale started on July 4, 2024, and the surprising and heartwarming thing is that the project managed to raise almost $1.5 million of its $1.8 million goal in the first 12 hours of the event. This is living proof of FATTY’s engaged community and the trust it puts into the crypto project.
The presale event will be divided into multiple phases with various prices for the FATTY token, the project.

Discover the World of FatBoy: Everything You Need to Know!
Ever miss those virtual pets like Tamagotchis or The Sims? FatBoy brings back that nostalgia with a modern twist: you can earn money while playing!
This innovative game lets you pick your chubby FatBoy and raise it like a MEME Tamagotchi. Plus, you can earn $FATTY tokens while you play, so double the fun, right?
And the best part? FatBoy is free to play for everyone. You don't need cryptocurrency to join the fun via Web2. But if you're into crypto, come to the Web3 side, as there are ways to earn even more!
Even the UFC Champion, Jiří Procházka, is a big fan of the FatBoy game. Thus, he joined the FatBoy characters in many exciting challenges, promoting the project and having loads of fun! You can watch the trailer on the official YouTube channel.
How to Become a Master FatBoy
Choose Your Perfect Pal;Become a Top Caretaker: Keep your little buddy well-fed, entertained, and smiling to earn $FATTY tokens.Unlock the Fun Factor: Spoil your FatBoy with awesome gear and adorable pets.Join the Mini-Game Mania;Reap the Rewards;
As you can see, the P2E game mechanics are simple, and the more you play and keep your FatBoy happy, the more rewarded you'll be! Choose from a hilarious cast of characters like Fat Don, Fatcz, Fat Kim, and many others, and note that each FatBoy has unique personality traits, levels, and "luck" stats!
Moreover, these quirky companions come in four rarities: Common, Rare, Epic, and Ultra, and each tier offers different gameplay advantages and, of course, crypto-earning potential.
So, are you ready to join the fun? Download the game on your iOS or Android device, and get ready to meet your new best friend.
$FATTY: More Than Just Rewards
Many P2E games focus solely on in-game rewards, neglecting the needs of the entire ecosystem and its community. As such, this often leads to issues with presales, marketing, and long-term sustainability.
However, FatBoy takes a different approach through its innovative blockchain project, prioritizing sustainability, which can be seen in its tokenomics approach.
You could think of it as a well-rounded pizza that is delicious and satisfying for everyone involved.
FATTY Tokenomics

The total supply is 1,000,000,000 and has an initial market cap of $991,000:
41% Presales;7% VC round;5% FatBoy team;12% Liquidity pools;10% Staking; 10% In-game rewards;1% Beta testing;2% Advisors;11% Marketing;1% Initial DEX Offering.
The $FATTY ecosystem includes more beneficial products, such as FatBot, a trading bot, and $FATTY Staking, but more is to come! So, brace yourselves; the FATTY Analytics, Store, and Academy will soon launch!

Two years after nearly banning Bitcoin and cryptocurrency mining, Russia has made a significant policy reversal. On August 8, Russian President Vladimir Putin officially signed new laws legalizing Bitcoin and digital asset mining, signaling a more open stance toward the leading cryptocurrency.
Under the new legislation, a national register will be established to determine who is authorized to mine Bitcoin in Russia. The law also includes provisions that exempt individuals with low-energy consumption mining rigs. Russian citizens operating within the government’s electricity cap are now legally allowed to mine Bitcoin.
In addition to legalizing Bitcoin mining, the law recognizes critical network infrastructure, such as mining pools and address identifiers, and permits the trading of foreign virtual currencies within Russian blockchains. However, the Bank of Russia retains the authority to ban individual assets if they are deemed to threaten financial stability.
Putin's endorsement of these crypto laws follows two frameworks passed by the State Duma in July. The lower house of Russia’s Federal Assembly proposed a green light for crypto mining starting November 1 of this year. The second law, also signed by Putin, authorizes Russia’s central bank to explore crypto-denominated cross-border payments, set to take effect on September 1.
This policy shift represents a significant turnaround for Russia, which had previously been resistant to digital assets. Reports also indicate that El Salvador, the first country to adopt Bitcoin as legal tender, has approached Russia to discuss crypto trade opportunities.
A Global Shift Toward Bitcoin Adoption
Russia’s embrace of Bitcoin reflects a broader global trend toward cryptocurrency adoption. Countries around the world are increasingly recognizing the potential of decentralized currencies and blockchain technology.
In El Salvador, President Nayib Bukele has implemented a comprehensive policy to promote Bitcoin innovation, accumulate cryptocurrency reserves, accept Bitcoin as legal tender, and encourage mining activity. The United States is also on the verge of a significant shift in its treatment of Bitcoin and cryptocurrencies, with the outcome potentially influenced by the upcoming November elections.
Major financial institutions like BlackRock and Fidelity have already begun offering regulated exposure to Bitcoin through spot BTC funds. Additionally, the U.S. Securities and Exchange Commission has approved Ethereum exchange-traded funds, further integrating cryptocurrencies into mainstream finance.
Proponents of cryptocurrency in the U.S., including former President Donald Trump and Wyoming Senator Cynthia Lummis, have advocated for the establishment of a strategic Bitcoin reserve, which they argue could accelerate adoption even further.
$BTC #Bitcoin #BTC #mining

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Ethereum Core developers recently held a significant meeting to discuss key details about the upcoming Pectra upgrade and other essential updates. On August 8, 2024, during the 139th All Core Developers Consensus (ACDC) call, led by Ethereum Foundation researcher Alex Stokes, developers shared critical updates on network stability, development networks, and improvements to the Beacon Chain's consensus layer.
Ethereum Pectra Devnet 2 Stability and Alpha Release
Ethereum Foundation researcher Hsiao Wei Wang announced the upcoming release of the alpha.4 version of the Pectra CL specifications, incorporating several important fixes. Developer Operations Engineer Barnabas Busa reported that Pectra Devnet 2 had achieved 85% network participation, signaling a stable environment. However, some bugs persist in execution layer (EL) clients, particularly in EthereumJS and Erigon.
Additionally, Busa mentioned a minor issue with the Prysm client that requires further investigation. Parithosh Jayanthi, another DevOps Engineer, highlighted the need for more scrutiny into issues affecting Lighthouse, Teku, and Besu nodes.
Communication and Coordination for Devnet 3
During the meeting, Prysm developer Kasey Kirkham noted a communication lapse during the launch of Devnet 2, which led to developers missing critical updates. To prevent such issues, developers agreed to hold weekly meetings focused on Pectra testing updates. These meetings, scheduled for Mondays, will last between 15 to 30 minutes and aim to keep all client teams informed about ongoing devnet activities.
Developers also confirmed that Devnet 3 would replicate the setup of Devnet 2 but include the updated EIP 7702 design. However, Gajinder Singh from Lodestar flagged issues encountered with EIP 7251, particularly around consolidating validator staked ETH deposit balances. These issues have been debugged and will undergo further testing in the upcoming devnet.
Transition from Mplex and New Protocol Testing
The meeting also covered the transition away from Mplex, a protocol used by CL clients for data stream multiplexing, which is being deprecated. Lodestar's Phil Ngo reported that their client has completed testing for yamux, a new multiplexer, and suggested transitioning fully to yamux to avoid the overhead of maintaining both protocols. However, Etan Kissling from Nimbus indicated that his team is still testing yamux, and the developers agreed to revisit the topic after further testing.
Debate Over EIP 7688 and Pectra Upgrade Scope
A significant point of discussion was the inclusion of EIP 7688 in the Pectra upgrade. This proposal introduces a forward-compatible data structure for smart contracts, ensuring compatibility as the EL transitions from RLP to SSZ. However, Alex Stokes expressed concerns about adding EIP 7688 to the already extensive Pectra upgrade. Jayanthi suggested that testing for EIP 7688 might be feasible by Devnet 5. While several client teams supported its inclusion, Stokes and Beiko recommended stabilizing the existing Pectra EIPs before considering new additions. The developers agreed to revisit EIP 7688 closer to the launch of Devnet 5.
PeerDAS Implementation and Node Distribution Insights
Updates on PeerDAS implementation were shared by the Prysm team, sparking a debate on the necessity of the "blobsidecar" Engine API request. Stokes suggested addressing these concerns in the next PeerDAS breakout call. Additionally, a proposal to remove sampling from PeerDAS was discussed, with developers agreeing to revisit this topic in a future call.
Blockchain analytics firm ProbeLab presented data on Ethereum node distribution, revealing that 42% of the 8,335 nodes are running on the Lighthouse client, with 36% of nodes based in the U.S. The data also showed that more Lighthouse nodes are hosted in data centers than are self-hosted, a trend attributed to the preferences of institutional users.
The call concluded with Prysm developer "Potuz" urging developers to review his proposed changes to the execution payload structure, emphasizing the need for a prompt decision to allow adequate time for consensus layer specification updates.
$ETH #Ethereum #ETH

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Donald Trump Jr. has unveiled plans for a new decentralized finance (DeFi) cryptocurrency platform aimed at addressing inequality in banking access. Contrary to speculation, this initiative has nothing to do with memecoins. The platform, still in its early stages, will take time to materialize.
During an August 8 Q&A session on Locals, a subscription-based platform, Trump Jr., the eldest son of former President Donald Trump and current presidential candidate, clarified his intentions. He emphasized that the project is a “larger type of platform” distinct from memecoins. However, he cautioned that it would be "a long time before we can do anything," without providing a specific timeline.
While details about the platform remain scarce, Trump Jr. highlighted its focus on challenging the traditional banking system. “What we want to do is take on a lot of the banking world. I think there has been a lot of inequality in that only certain people can get financing,” he explained, noting the appeal of decentralized finance, especially for those who have experienced being "debanked."
Speculation about a new crypto venture began circulating after Trump Jr. mentioned DeFi in an August 7 post on X (formerly Twitter), leading many to believe it might involve a new memecoin launch. In that post, he hinted at something significant in the crypto world: “We’re about to shake up the crypto world with something HUGE. Decentralized finance is the future — don’t get left behind.”
His brother, Eric Trump, echoed similar sentiments on the same day, expressing his enthusiasm for crypto and DeFi and hinting at a forthcoming announcement.
During the Q&A, Trump Jr. also addressed rumors surrounding the Restore the Republic (RTR) memecoin, which experienced a surge and subsequent crash amid false claims of association with the Trump family. Eric Trump had previously denied any connection to the memecoin, calling the rumors “absolutely false” in an August post on X, which led to a 70% drop in the RTR token’s value.
Donald Trump Jr. issued a similar warning on August 8, advising the crypto community to be wary of fake tokens claiming to be linked to the Trump project. “The only official project will be announced directly by us, and it will be fair for everyone,” he stated, underscoring the importance of waiting for official announcements.
This new crypto initiative by Donald Trump Jr. aims to disrupt the traditional banking sector, promising a significant impact on the DeFi space once it comes to fruition.
#crypto #DeFi

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

XRP has recently experienced a significant price increase, breaking above the $0.550 and $0.600 levels. Currently, the price is consolidating its gains, facing resistance around the $0.6480 zone.
XRP Price Overview
XRP has shown strong momentum, surpassing the critical resistance levels of $0.550 and $0.580. The price is now trading above $0.600, maintaining its position above the 100-hourly Simple Moving Average (SMA). However, the upward movement is encountering resistance, particularly near the $0.640 mark, as a key contracting triangle forms on the hourly chart of the XRP/USD pair (data sourced from Kraken). If XRP manages to break through the $0.640 resistance zone, it could continue its upward trajectory.
Potential for Further Gains
XRP's recent rally started after forming a base above $0.50, outpacing both Ethereum and Bitcoin. The price climbed above the $0.550 and $0.580 resistance levels, with the bulls driving it past $0.60. A peak was reached at $0.6473, after which XRP began to consolidate. The price briefly dipped below the $0.6120 level and the 23.6% Fibonacci retracement of the upward move from the $0.4920 low to the $0.6477 high.
Despite the dip, XRP remains well-supported around $0.600 and above the 100-hourly SMA. On the upside, XRP faces resistance at $0.6280, with the first major barrier at $0.6380. A crucial resistance lies at $0.640, where a contracting triangle is forming on the hourly chart. A successful break above this level could propel XRP toward the next resistance at $0.6550, with further gains potentially targeting $0.6720, and possibly even reaching $0.6880 or $0.700 in the near term.

Potential Downside Risks
If XRP fails to clear the $0.640 resistance, it might enter a corrective phase. Initial support on the downside is at $0.6080, with more significant support at $0.600. A break and close below this level could lead to a deeper decline toward the $0.570 support or the 50% Fibonacci retracement level of the previous upward move from $0.4920 to $0.6477. The next major support is at $0.550.
Technical Indicators
Hourly MACD: The MACD for XRP/USD is losing momentum in the bullish zone.Hourly RSI: The RSI for XRP/USD is currently above 50, indicating a neutral to slightly bullish outlook.
Key Levels to Watch
Support: $0.6080 and $0.5700Resistance: $0.6250 and $0.6400
XRP's ability to overcome the $0.640 resistance will be crucial in determining whether the current bullish trend can extend further or if a correction is imminent.
$XRP #XRP #Ripple

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Dogecoin has seen a 6.8% price increase, pushing 73% of its holders into profitability. Despite this short-term gain, the broader trend for Dogecoin remains bearish, with key resistance at $0.1120 and support at $0.1.
Dogecoin Rides Bitcoin’s Wave, Tests Major Resistance
In the past 24 hours, Dogecoin's price surged, following Bitcoin’s climb above the critical $60,000 psychological barrier. While the market has turned green, the Bitcoin Fear and Greed Index indicates that many investors remain cautious. This caution may stem from the formation of a rising wedge pattern across several cryptocurrencies, including Dogecoin—a pattern that typically signals a bearish reversal. However, in the short term, Dogecoin’s price action looks promising.
Currently, Dogecoin is experiencing a short-term upward trend within a larger downward pattern. Although the price has been making higher lows, it remains below both the 50-day EMA ($0.10133) and the 200-day EMA ($0.11216), underscoring the broader bearish sentiment.
Dogecoin’s price is now testing resistance in the $0.1100–$0.1120 range, near the 200 EMA. If it breaks above this level, the next major resistance is around $0.1200, aligning with previous price action. Immediate support lies at $0.1, near the 50 EMA, with a more substantial support level at $0.08, matching a previous low.
Technical Indicators Point to Potential Reversal
The recent price movement has formed a rising wedge pattern, a bearish reversal indicator. If Dogecoin breaks below this wedge, it could signal a downward move. The 50 EMA is trending downward, and the price is struggling to surpass the 200 EMA, reinforcing a bearish outlook. The Relative Strength Index (RSI) stands at 65.31, approaching overbought territory. A decline in the RSI could indicate a potential price reversal.
The Chaikin Money Flow (CMF) is neutral at 0.01, indicating a balanced money flow without strong buying pressure to sustain the upward trend. Additionally, the recent price increase was accompanied by lower trading volume, a divergence that often signals weakening momentum and suggests the current rally may not be sustainable.
Despite these bearish signs, the recent Dogecoin Core upgrade to version 1.14.8, which aims to improve stability, efficiency, and security, may have a positive long-term impact on the price.
On-Chain Metrics and Market Sentiment
On-chain analytics from Coinalyze show that DOGE open interest increased by 7.48% in the last 24 hours, signaling a potential continuation of the short-term upward trend. Additionally, the number of large Dogecoin transactions has risen, indicating that whales are accumulating DOGE. These large players significantly influence price movements due to their substantial liquidity.
The recent price increase has pushed 73% of Dogecoin holders into profit, a bullish indicator that signals to potential investors that buying Dogecoin can be profitable. This profitability has also led to 67% of investors becoming long-term holders, a positive metric that can instill confidence in new investors and further drive the price upward.
In summary, while Dogecoin shows short-term strength and increasing profitability among holders, caution is warranted due to underlying bearish patterns and market conditions.
$DOGE #Doge🦊

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Over the past 24 hours, Dogecoin has held steady with a 0.41% increase, even as other meme coins faced an average decline of -2.11%. This resilience is underpinned by significant inflows that have bolstered Dogecoin’s recent trajectory.
Despite this positive movement, Dogecoin has experienced a 17.69% loss since last Thursday, reflecting a broader trend seen among other major cryptocurrencies. Over the past month, Dogecoin has fallen by 8.36%, erasing much of its recent progress. However, trading activity remains robust, with Dogecoin’s volume peaking at $1.03 billion in the past 24 hours.
Dogecoin Price Maintains Key Support – Is $1 Dogecoin Coming?
After facing a brief challenge early this morning, Dogecoin has demonstrated strength, notably finding support within a significant multi-year resistance zone between $0.10495 and $0.09150. This level has held firm, propelled by recent inflows and indicating strong bullish sentiment towards Dogecoin.
Supporting this bullish outlook, the relative strength index (RSI) has reclaimed and surpassed the 50 mark, now sitting at 60. This shift towards a bullish stance signals stabilization. Additionally, the 20-day moving average (20DMA) continues its slight uptrend, even as the broader trend, represented by the 200DMA, remains in decline.
With this newfound stability, the question arises: Is $1 the next target for Dogecoin? Given Dogecoin's lack of fundamental value drivers, such a substantial price increase would require significant support. Speculation about potential Dogecoin integration into X’s upcoming payment system is seen as the most credible catalyst. However, this remains a rumor, and official confirmation will be needed to understand its true impact on Dogecoin’s price.
Despite the bullish sentiment, traders should exercise caution in the current bearish market climate, which is driven by fears of a US recession.
$DOGE #Doge🦊 #dogecoin

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Decentralized finance (DeFi) protocol Nexera has taken decisive action by burning 32.5 million NXRA tokens that were stolen in a recent hack. The move, confirmed by blockchain security firm PeckShieldAlert on Thursday, permanently removes these tokens from circulation.
In cryptocurrency, "burning" refers to the process of permanently eliminating a specific number of tokens from the market. This strategy is often employed to reduce the total supply of a cryptocurrency, potentially increasing the value of the remaining tokens.
Nexera Clarifies Hack Impact on Smart Contracts
Following the hack, Nexera conducted a technical investigation and determined that their smart contracts were not compromised. To prevent further exploitation, Nexera swiftly froze the remaining 32.5 million NXRA tokens in the attacker’s wallet, with only $440,000 worth of the stolen tokens being effectively compromised. The project stated that the NXRA burn ensures these tokens cannot be used, traded, or circulated within the market.
The security breach occurred on August 7, resulting in the theft of $1.5 million worth of digital assets, including NXRA tokens. The coordinated attack targeted multiple projects and protocols within the DeFi space. The hacker managed to steal 47 million NXRA tokens, valued at approximately $1.76 million, and began liquidating a portion of them for Ether. Some of the stolen funds were also transferred to the BNB Chain.
Despite the breach, Nexera decided not to issue a new NXRA token, maintaining the existing token address. The attacker had interacted with exploit-related addresses on exchanges like KuCoin and MEXC, prompting these platforms to suspend deposits, withdrawals, and trading of NXRA tokens. Other exchanges were also notified and urged to take similar precautions.
Ongoing Crypto Security Concerns
This incident is part of a troubling trend in the cryptocurrency world, following a similar breach at WazirX, an Indian cryptocurrency exchange, which lost over $230 million to a hacker three weeks prior. This was the second-largest crypto hack of 2024, underscoring the sector's vulnerabilities and the urgent need for robust security measures.
In total, the crypto sector faced significant losses in July, with hackers stealing approximately $266 million through 16 separate breaches. Major victims included algorithmic protocol Compound Finance ($24 million), bridging protocol Li.Fi ($10 million), decentralized AI protocol Bittensor, and liquidity provider Rho Markets, each losing $8 million. In many cases, the stolen funds were moved to the cryptocurrency mixer Tornado Cash, a technique used by hackers to obscure the origin of the funds and evade detection.
In contrast to July, June saw lower losses of $176 million spread across approximately 20 incidents, highlighting a sharp increase in the value of stolen assets in just one month.
Nexera's proactive measures to address the recent hack demonstrate the ongoing efforts required to safeguard digital assets in the ever-evolving landscape of decentralized finance.
#nexera #crypto #hack

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Despite a slight recovery driven by Bitcoin's resurgence, Shiba Inu (SHIB) faces strong resistance at key exponential moving averages (EMAs). To rally again, SHIB needs to re-enter the falling wedge pattern.
SHIB Price Faces Rejection
Recently, SHIB almost reached its yearly lows during a market crash. Although Bitcoin's recovery saw a market-wide upswing, SHIB and other cryptocurrencies may experience an extended downturn in the coming days. Shiba Inu broke down from a falling wedge on August 3, a rare occurrence that signals extreme bearish pressure. Despite a minor recovery, SHIB's price action suggests a potential 16% drop from its current price.
The current trend for Shiba Inu is downward, with the price consistently declining within a falling channel pattern, indicating strong bearish momentum. SHIB found support around $0.000012, with a stronger support level at $0.00001. Immediate resistance exists at the 50-day EMA ($0.00001425) and the 200-day EMA ($0.00001628).
If SHIB fails to re-enter the falling wedge, it may drop 18% to the previous six-month low of $0.00001082. The Relative Strength Index (RSI) is at 47.61, approaching neutral, suggesting the asset is neither overbought nor oversold. The Chaikin Money Flow (CMF) is at 0.03, indicating slightly positive money flow, which could signal early buying interest.
A steady decline in volume during the recent minor upward move indicates bearish volume-price divergence, supporting the continuation of the bearish trend unless there is a significant breakout. If SHIB surpasses $0.00001344, it may re-enter the falling wedge, turning bullish once more. A break above the 50 EMA could lead to a bullish breakout toward $0.00001625 and $0.000018.
On-Chain Risk Analysis for $7.24 Billion Tokens
Data from Coinalyze shows SHIB's open interest dropped 4.54% over the last 24 hours, indicating money flowing out of the Shiba Inu market. This suggests the recent minor uptrend may be ending, with the bear trend likely to continue.
Consequently, over 26,000 Shiba Inu holders are at risk as their 14.29 trillion ($190 million) tokens may soon enter unrealized losses. These tokens will join over 542 trillion ($7.24 billion) tokens that have been underwater for nearly three weeks, according to IntoTheBlock data. If buying pressure and volume increase, it may overturn the current bearish outlook and propel SHIB's price higher.
$SHIB #SHIB #Shibarium

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The recent decline of Pepe coin's price below a crucial long-term support level has raised concerns about its future prospects. Despite its resilience in the current market downturn and its reputation as a strong meme coin, Pepe now faces potential further declines. If it fails to reclaim its support, the outlook for Pepe could be bleak, particularly with a significant amount of tokens at risk of becoming unprofitable if bearish trends continue.
Will Pepe Coin Price Sink Further?
Pepe's recent price action indicates a notable downtrend, characterized by lower highs and lower lows in the 4-hour timeframe. Key support and resistance levels for Pepe include:
Resistance 1 (R1): 50-day exponential moving average (EMA) at $0.00000874Resistance 2 (R2): 200-day EMA at $0.00001033Support 1 (S1): Previous low at $0.000007Support 2 (S2): Psychological zone at $0.000006
If Pepe fails to break above the current resistance levels, it could drop by 21% to $0.000006.
Recent candlestick patterns suggest a bearish continuation, with a potential bear flag formation indicating further downside. The prevailing downtrend implies that Pepe is in a corrective wave pattern, with bearish momentum likely to continue.
Technical Indicators and Market Sentiment
EMAs: The price is below both the 50 EMA ($0.00000878) and the 200 EMA ($0.00001033), indicating strong bearish momentum.Relative Strength Index (RSI): At 47.45, slightly below neutral but not oversold, suggesting room for more downside.Chaikin Money Flow (CMF): At -0.04, indicating modest selling pressure.
A classic bearish divergence is evident as the volume has decreased since August 5, despite an upward price trend, suggesting a possible continuation of the downtrend. However, if Pepe rises above $0.00001031, it may invalidate the bearish thesis and signal a strengthening market, potentially rising to $0.000012 and $0.0000135, marking the next major resistance zones.
On-Chain Metrics and Risk Zones
Coinalyze data reveals a 5.8% decline in Pepe's open interest (OI) in the last 24 hours, down from 9.7% the previous day. This drop in OI, coupled with consolidating prices, signals potential downside for Pepe. Increased selling pressure puts Pepe holders in a challenging position, with 17.28 trillion tokens (out of 241.52 trillion) at risk of falling underwater if bears prevail.
Currently, 57.8% of Pepe holders are in profit. However, a downward shift could reduce this number to 50.6%. If the market turns bearish, over 10 trillion tokens currently near the resistance zone could shift into profitability, impacting the overall holder sentiment.
In summary, Pepe coin's price faces significant challenges with potential for further declines. Investors should closely monitor technical indicators and market sentiment to navigate this volatile period.
$PEPE #pepe

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A significant ruling has emerged from a prolonged legal battle between Ripple and the Securities and Exchange Commission (SEC). A federal judge has ordered Ripple to pay a $125 million fine after determining that the company's institutional sales of XRP violated federal securities laws.
Judicial Ruling on XRP Sales
In her ruling, District Judge Analisa Torres of the Southern District of New York underscored her previous stance that Ripple's programmatic sales of XRP to retail clients via exchanges did not breach federal securities laws. However, she found that Ripple's direct institutional sales did constitute a violation.
Details of the Penalty
The $125 million civil penalty imposed by Judge Torres is significantly lower than the SEC's original demand. The SEC had sought $1 billion in disgorgement and prejudgment interest, alongside a $900 million civil penalty. The fine was levied following Judge Torres's finding that 1,278 institutional sale transactions conducted by Ripple contravened securities law.
Injunction Against Future Violations
In addition to the monetary penalty, Judge Torres issued an injunction preventing Ripple from future violations of federal securities laws. She expressed concerns about Ripple's potential to "cross the line" in the future, justifying the necessity of the injunction. The order mandates that Ripple must file a registration statement if it intends to sell any securities in the future.
Background and SEC Appeal
This ruling follows a July 2023 decision in which Judge Torres concluded that while Ripple's institutional sales violated securities laws, the programmatic sales to retail clients did not. The SEC's attempt to appeal this part of the ruling during the case was unsuccessful.
Following the judgment, the SEC is expected to appeal the July 2023 decision now that the sentence has been imposed. Previously, the SEC and Ripple had settled charges related to CEO Brad Garlinghouse and other executives after an interlocutory appeal was denied.
Market Reaction
The market reacted to the judgment with a slight increase in the price of XRP, which rose by 3 cents, or approximately 2%, after the publication of the judgment.
This ruling marks a significant development in the ongoing legal scrutiny of Ripple and its practices, setting a precedent for how similar cases might be handled in the future.
$XRP #XRP #Ripple

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A potential double-bottom pattern formation near the lower boundary of the Shiba Inu price chart indicates a bullish reversal may be imminent if confirmed. Shiba Inu (SHIB) suffered a steep correction during the August 4 market crash. Despite a subsequent recovery, SHIB struggles to reclaim its previous highs as market sentiment remains cautious. SHIB price dropped by 2.5% on Wednesday, but on-chain metrics signal a bullish trend may be forming. The Shiba Inu chart suggests a possible double-bottom formation that could reverse the current downtrend.
Shiba Inu Price Poised for Breakout
The SHIB price chart currently shows a falling channel, indicating a persistent downward trend. Recently, the price tested the lower boundary of this channel, suggesting a potential short-term reversal or continuation of the downtrend depending on upcoming price action.
Immediate resistance levels include the 50-day EMA at $0.00001718 and the 200-day EMA at $0.00001855, with the latter being more significant due to its long-term relevance. The upper boundary of the descending channel, around $0.000015, also serves as resistance.
Conversely, the lower boundary of the channel, around $0.000011, provides key support. A break below this level could lead to a drop to the next significant support at $0.000008, based on previous consolidation levels.
Recent candlesticks near the lower channel boundary suggest a potential double-bottom pattern, which is a bullish reversal indicator. If confirmed, SHIB could rally to $0.00001855, and if this resistance is surpassed, the price might climb higher to $0.00002748.
Technical Indicators
Relative Strength Index (RSI): Currently at 31.47, near oversold territory, indicating the asset might be undervalued in the short term and potentially poised for a bounce or reversal.Chaikin Money Flow (CMF): At 0.07, indicating a slight positive money flow, suggesting some buying interest is building.
A price breakout above $0.000014 and a close above the 50-day EMA may signal market strength, turning SHIB bullish. The next price target would be around $0.00001855, aligning with the 200-day EMA and the upper boundary of the channel.
On-Chain Analysis Supporting Inbound Rally
Data from Shibarium Scan, the official Shiba Inu Chain explorer, shows that new accounts on the network hit an all-time high on August 6, signaling increasing adoption levels, which typically translate into bullish sentiment for SHIB. According to IntoTheBlock data, SHIB saw an increase in large transactions on August 5, indicating heightened whale activity. Although this spike dropped on August 6, it remains higher compared to the previous week.
Increased whale activity, coupled with rising Shiba Inu prices, signals renewed interest in the asset. This renewed interest could drive a subsequent price increase. An accompanying volume increase would further strengthen the signal for a potential reversal.
Conclusion
Overall, the technical and on-chain metrics indicate a potential bullish reversal for Shiba Inu. Investors and traders should watch for key resistance levels and market conditions to gauge the likelihood of a sustained upward movement. If the bullish patterns hold, SHIB could see significant gains in the near term.
$SHIB #SHIB #Shibarium

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

According to a recent post by Lookonchain, numerous dormant wallets have suddenly become active, transferring a total of 789,533 Ethereum (ETH), valued at approximately $2 billion. These wallets had been inactive for 3.3 years before this unexpected activity.
Source of the Funds
Lookonchain's investigation revealed that these funds originated from the "Plus Token Ponzi 2" wallet. These ETH were initially seized by Chinese police during their crackdown on the PlusToken Ponzi scheme. In 2020, the Plus Token Ponzi 2 wallet distributed Ethereum to thousands of wallets, which have remained inactive until now.
Recent Activity
Activity has resumed in these previously dormant wallets, with thousands of ETH transfers being made. Lookonchain reported, "Hundreds of wallets that have been dormant for 3.3 years are moving large amounts of $ETH , possibly 789,533 ETH ($2 billion worth)! We noticed that hundreds of dormant addresses were transferring ETH."
On-chain monitoring confirmed that these funds are indeed linked to the Plus Token Ponzi 2 wallet. The Ethereum transfers from these wallets began approximately three hours ago.
Background on Plus Token Ponzi Scheme
The Plus Token Ponzi scheme was a major fraudulent operation that deceived over 2 million people, amassing more than 50 billion yuan ($7.6 billion). During the operation against this scheme, Chinese police seized a significant amount of cryptocurrency, including:
194,775 BTC ($11.2 billion)833,083 ETH ($2.11 billion)487 million XRP ($252 million)79,581 BCH ($25.8 million)1.4 million LTC ($82.3 million)27.6 million EOS ($12.7 million)74,167 DASH ($1.7 million)6 billion DOGE ($609 million)213,724 USDT
These assets were part of the massive haul from the Plus Token Ponzi scheme, which was one of the largest cryptocurrency frauds in history.
Conclusion
The recent movement of $2 billion worth of Ethereum from dormant wallets linked to the Plus Token Ponzi scheme raises questions about the future actions of these funds. As the crypto community watches closely, the implications of this activity could be significant for the market. The Chinese authorities' involvement and the potential liquidation of these assets might influence Ethereum's price and market dynamics in the coming days.
$ETH #Ethereum #ETH

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Dogecoin (DOGE) is showing signs of a potential rally as it moves within a bullish falling wedge pattern. A breakout above this pattern could push prices to $0.14. The asset is at the bottom of a bullish market structure, with a potential to rally 27%.
Market Recovery and Bullish Indicators
Following a recent market downturn, many Dogecoin investors rushed to sell their holdings on exchanges. However, as the market began to recover, exchange inflows have decreased, setting the stage for a potential bullish rally for DOGE.
Dogecoin Price Offers Reprieve
Currently, DOGE is trading within a falling wedge pattern, a bullish reversal signal. Recent candlestick formations show a strong bounce off the lower boundary of the wedge with significant volume, indicating a potential reversal. The price movement within this pattern suggests the end of a corrective wave and the beginning of a new impulsive wave.
Technical Analysis
50-day EMA: $0.122200-day EMA: $0.126
Both moving averages are above the current price, reinforcing the bearish trend. Immediate support for Dogecoin is at $0.095, near the recent low, while resistance is at $0.1053 (the recent high) and at the 50-day EMA ($0.122).
RSI: 32.50, indicating oversold conditions and suggesting a potential price bounce.Chaikin Money Flow (CMF): -0.03, indicating mild selling pressure.
Price Predictions
If DOGE rallies and breaks above the falling wedge, it could set new price targets around $0.14, $0.17, and $0.21. The falling wedge pattern, combined with increased volume and an oversold RSI, suggests a potential reversal. Short-term traders may find opportunities to go long, while long-term traders may wait for confirmation of a trend reversal.
On-Chain Metrics Support Short-Term Rally
Data from IntoTheBlock shows a significant reduction in exchange inflows, dropping by 38.85% from $664.48 million to $426.24 million over the last day. This decrease follows a peak in exchange inflows, the highest in the last month, triggered by the recent market crash.
Additionally, Dogecoin open interest has slightly increased by 0.09%, signaling a rise in market activity. Combined with the rising price, this may indicate increasing buying pressure for DOGE.
An anticipated 27% price rise would protect over 451,000 DOGE holders from running losses. According to IntoTheBlock, 451,560 holders bought Dogecoin between $0.10 and $0.14. Recent developments in payment integration on X (formerly Twitter) may also serve as a catalyst to push Dogecoin's price into the breakout zone.
Potential Risks
If market conditions reverse and become overly bearish, Dogecoin exchange inflows may resume, signaling market panic and potentially turning bearish for DOGE’s price.
Overall, while the current trend remains bearish, technical indicators and on-chain metrics suggest a potential short-term rally for Dogecoin. Investors and traders should watch for key resistance levels and market conditions to gauge the likelihood of a sustained upward movement.
$DOGE #dogecoin #Doge🦊

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Despite recent market losses, Cardano's price is showing resilience, with technical indicators suggesting a potential short-term reversal. The upcoming Chang Hardfork has sparked renewed interest, positioning Cardano for a possible 19% price increase.
Signs of a Rebound
Cardano (ADA) is demonstrating signs of a potential rebound. The price is currently showing a solid bounce from the bottom of a falling channel, suggesting that buyers are returning to the market. This renewed interest is likely driven by the anticipation of the Chang Hardfork, which is expected to enhance Cardano's scalability and decentralization.
Chang Upgrade Nears
The Chang Hardfork is the most anticipated event for Cardano. Currently, 58% of Cardano nodes have migrated to v9.1.0, with only 12% more needed to launch the upgrade. This upgrade aims to make Cardano more scalable and decentralized. The general market rebound, coupled with this news, has likely contributed to the renewed interest in ADA.
Despite the positive outlook, data from IntoTheBlock shows that 76% of all ADA holders are still underwater, with the price having taken a significant hit since the March high. Most holders bought ADA between $1.44 and $2.97, facing up to 88% in losses. However, the upcoming Chang upgrade may offer some reprieve to these holders in the coming weeks.
Technical Analysis
ADA has increased by 3.4% in the last 24 hours, trading around $0.337, but remains down 16.6% over the past 7 days. The current trend for ADA is downward, indicated by the price movement within a descending channel and moving averages positioned above the current price. A recent green candlestick with a long lower wick and increased volume suggests a potential short-term reversal after a fake-out below the channel.
50-day EMA: $0.3988200-day EMA: $0.4522
Both EMAs are above the current price, indicating a bearish sentiment. However, the price movement within the descending channel suggests a corrective wave back to the 50-day EMA at $0.3988.
Support and Resistance Levels
Support: Around $0.3, as indicated by the lower boundary of the channel and the recent fake-out area.Immediate Resistance: At $0.4, followed by the 50-day EMA at $0.3856.Upper Boundary of Descending Channel: Near $0.45, also acting as resistance.
Technical Indicators
RSI: At 36.07, near oversold territory, suggesting a potential price rebound.Chaikin Money Flow (CMF): At -0.07, indicating some selling pressure but not excessively strong.
If ADA's price rises and breaks above the falling channel, it would signal market strength and turn Cardano bullish. New targets would then be around $0.48, $0.50, and $0.55.
Conclusion
Overall, while the trend for Cardano remains bearish, the recent spike in volume and price action near the lower boundary of the descending channel suggests a potential short-term reversal. The upcoming Chang Hardfork could further catalyze this rebound, offering ADA holders some relief from the prolonged bearish trend.
$ADA #ADA #Cardano

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The price of XRP has begun a recovery wave, moving above the $0.4880 resistance level. There is potential for a bullish momentum if the price manages to clear the $0.5220 resistance.
XRP Price Recovery
XRP has initiated a decent recovery wave, surpassing the $0.4750 and $0.4880 levels. However, it is currently trading below $0.5220 and the 100-hourly Simple Moving Average. The recent price movement included a break above a key bearish trend line with resistance at $0.5040 on the hourly chart of the XRP/USD pair (data source from Kraken). If XRP can clear the $0.5220 resistance zone, the recovery could continue.
XRP Price Regains Strength
After forming a base above $0.4320, XRP started a recovery wave, similar to the movements seen in Ethereum and Bitcoin. It successfully moved past the $0.4750 and $0.4880 resistance levels. Additionally, XRP surpassed the 50% Fibonacci retracement level of the downward move from the $0.5767 swing high to the $0.4320 low, and broke above a key bearish trend line with resistance at $0.5040.
Despite these gains, XRP faces challenges near the $0.5200 zone. It remains below the $0.520 level and the 100-hourly Simple Moving Average. On the upside, resistance is seen near the $0.5220 level, which is also close to the 61.8% Fibonacci retracement level of the downward move from the $0.5767 high to the $0.4320 low.
The first major resistance is at $0.5420, with the next key resistance at $0.5750. A clear move above $0.5750 might propel the price toward $0.5840, followed by resistance near $0.5920. Further gains could push XRP to $0.600 or even $0.6120 in the near term.
Potential for Another Drop
If XRP fails to clear the $0.5220 resistance zone, it could experience another decline. The initial support on the downside is near $0.4980, with the next major support at $0.4880. A downside break and close below $0.4880 could lead to further declines toward the $0.4660 support in the near term, with the next major support at $0.4500.
Technical Indicators
Hourly MACD: The MACD for XRP/USD is gaining pace in the bullish zone.Hourly RSI (Relative Strength Index): The RSI for XRP/USD is now above the 50 level.
Key Levels
Major Support Levels: $0.4980 and $0.4880.Major Resistance Levels: $0.5220 and $0.5420.
As XRP eyes a breakout, traders will be watching these key levels closely to determine if the price can surge past the resistance and continue its recovery.
$XRP #Ripple #XRP

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“