The BTC/GLD ratio chart compares the performance of assets and serves as a barometer to measure the dominance of BTC over gold. For example, an increase in the ratio reflects that bitcoin is outperforming gold in market value, and vice versa.

According to experienced market analyst Peter Brandt, the bitcoin-to-gold ratio could increase by more than 400% by 2025. Brandt mentions a classic technical pattern that justifies his optimistic forecast.This pattern is called an Inverse Head and Shoulders (IHandS), and it occurs when prices form three consecutive troughs, with the middle trough, called the head, deeper than the other two troughs, called the shoulders, on each side. This pattern forms below a common support line called the neckline.As a rule of thumb in technical analysis, the IHandS pattern is resolved when price breaks above the neckline and is accompanied by an increase in trading volume. In this case, the price rises by an amount equal to the maximum distance between the neckline and the deepest part of the head.If we apply the same technical principle to the BTC/GLD ratio chart, the growth target will be approximately 123. In other words, the price of 1 #BTC could equal 123 ounces of gold as early as 2025, which is more than 400% of the 24 ounces as of September 22, 2024.the idea that #bitcoin could overtake gold has been fueled by the rapid spread of bitcoin, especially among institutional investors, and the launch of bitcoin exchange-traded funds (ETFs) that increase bitcoin's presence in investment portfolios.the Bitcoin #ETF fund's approval has resulted in inflows of more than $17.69 billion since January 2024. Using gold ETFs as a benchmark, the bitcoin ETF fund market is projected to grow to $220 billion by 2027.experts such as Anthony Scaramucci also argue that bitcoin's market capitalization will surpass that of gold in the next decade, citing BTC's advantages such as scarcity and portability.Read us at: Compass Investments

#CryptoAdoption #TokenEconomy

In a recent interview with CNBC, BlackRock CEO Larry Fink reaffirmed bitcoin's legitimacy as a financial asset and expressed strong support for it.

According to Mr. Fink, #bitcoin can provide uncorrelated returns, making it a valuable tool for diversifying investment portfolios despite the potential for abuse of any asset.
Mr. Fink further explained that bitcoin is particularly attractive to investors concerned about macroeconomic issues, such as currency devaluation due to excessive government deficits.
In countries threatened by financial instability, bitcoin offers a great investment opportunity for those looking for an alternative to the traditional financial system. He also noted that bitcoin allows people to take better control of their finances, even in situations where national currencies may be threatened.
Finally, Mr. Fink reiterated his belief in bitcoin's role in a diversified investment strategy, emphasizing its diversification structure as a hedge against economic uncertainty.
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#MarketInsights #news #CryptoTrends #CryptoUpdates

Following the U.S. Federal Reserve's recent decision to cut interest rates in half, some Republicans suggested that the decision was politically motivated to give Vice President Kamala Harris an edge in the presidential election campaign.

Some believed the interest rate cut was timed to improve the economy and give the current administration an advantage. I'm proud of Fed Chairman Mickey Bowman for refuting Jay Powell. Our central bank has no right to change interest rates this close to an election and is clearly trying to tip the scales in Kamala Harris' favor.
But according to an article by Paul Krugman in Thursday's New York Times (NYT), that idea is wrong.
Paul Krugman is an influential American economist known for his scholarly achievements and intellectual role. Born in 1953, Krugman has had a long and distinguished career, winning the Nobel Prize in Economics in 2008 for his pioneering work in international trade theory and economic geography. His research helps explain the complex structure of trade by demonstrating how economies of scale and consumer preferences shape global markets. He received his BA in economics from Yale University and his PhD from the Massachusetts Institute of Technology. He has taught at Yale University, MIT, and Princeton University, where he was a professor for over 15 years. He is currently Professor Emeritus at Princeton University and also teaches at the #City University of New York.
Krugman recognizes that while the rate cut may not seem significant from a practical standpoint: the federal funds rate fell from 5.5% to 5%, it has symbolic significance: the Fed's decision shows that inflation, which had been a major concern, is now under control. and that the Fed's decision is a sign that inflation, which had been a major concern, is now under control.
Krugman emphasizes that the Fed's statement is important because it reassures the public and investors that the U. S. economy is stabilizing. However, Krugman strongly rejects the notion that the move is politically motivated.

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#CryptoTrends #TokenEconomy #Crypto2024 #GlobalCrypto

Republican presidential candidate Donald Trump became the first former U.S. president to use cryptocurrency for a transaction when he appeared at Pubkey's, a New York City bar/restaurant known for its bitcoin availability.

According to a September 18 post on Pubkey's X website, Trump used #bitcoin to buy a hamburger at the New York bar. Anthony Pumpriano, a #BTC supporter and CEO of Professional Capital Management, said Trump attended this campaign stop, which he also reported on his social media account Truth.
the event took place less than two days after the Republican candidate announced the launch of the token through his family-owned crypto platform World Liberty Financial. Despite once calling bitcoin a scam and cryptocurrencies made out of thin air, Trump has expressed support for BTC miners on the 2024 campaign trail and at the Bitcoin 2024 conference in Nashville, Tennessee.
The Republican congressman, who chairs the House subcommittee on digital asset management, sharply criticized the U. S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for bringing politics to the regulation of #cryptocurrency companies.
At a hearing of the House Subcommittee on #Digital Assets, Financial Technology and Inclusion on September 18, Congressman French Hill of Arkansas said that Chairman Gensler's approach to digital assets has created confusion and uncertainty in the market.
the hearing Stunned and Confused: Disrupting the SEC's Politicized Approach to Digital Assets, the subcommittee chairman said that another way to regulate cryptocurrencies that is currently making its way through Congress is as follows He suggested, among other things, the Financial Innovation and Technology for the 21st Century Act (FIT21).
The majority and many bipartisan organizations that support FIT21 and the regulatory framework are not opposed to the SEC going after unscrupulous players or modernizing existing rules to include digital asset securities and other unique products, said Rep. Hill.

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#CompassInvestments

Data from cryptanalytics company Santiment shows that decentralized oracle network Chainlink (LINK) continues to outpace other ERC-20 projects in terms of development activity.

Santiment noted on social media platform X that #Chainlink has logged 624.17 notable events on GitHub over the past 30 days, more than double that of the #Ethereum (ETH) project, which ranked second with 298.8.
the Oracle project also ranked first in June and August.
Synthetix (SNX), a decentralized financial protocol (DeFi), ranked third with a notable 289.93 events on GitHub.
The ERC-20 project is a standard used by developers to issue tokens on the Ethereum blockchain and virtual machine.
Santiment notes that it disregards routine updates and uses best practices to collect event data on GitHub based on proven processes.
The analyst firm previously said that the high level of developer activity around crypto projects indicates that developers believe in the protocol. Developer activity also indicates that the project is unlikely to be a scam.
At the time of writing, LINK is trading at $11.39. The crypto-asset, which ranks 18th in terms of market capitalization, has gained 1.6% over the past 24 hours.
#ETH is trading at $2,575 at the time of writing and has gained almost 4% over the past 24 hours.
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#InvestSmart #MarketInsights

In this post. Trump has raised $25 million in crypto donations after calling bitcoin a fraud.

His plans for a National #Bitcoin Reserve and Advisory Board are fraught with risk, especially given his personal business interests.
Trump's new venture, World Liberty Financial, is considered questionable, and people fear his involvement could hurt the entire industry.
Donald Trump is trying to be the #cryptocurrency community's best friend; in 2019, he called bitcoin a scam and said that #cryptocurrencies will lead to more crime.
It's an election year, and he's already singing a different tune, calling himself the crypto president.
Why the change? It's simple. He needs votes and money. His campaign has already raised about $25 million in donations from the industry.
But the big question is whether he can remain a supporter of cryptocurrencies if he returns to the presidency. Spoiler alert. At the Bitcoin Conference in Nashville, he promised to make the U. S. the cryptocurrency capital of the world.
He talked about creating a strategic national bitcoin reserve. This means all bitcoins held by the U. S. government, which is worth more than $12 billion as of this article's publication.
he also wants to create a cryptocurrency advisory board made up of industry players to help develop new regulations.
And he is completely against central bank digital currencies (CBDCs), calling them a dangerous threat to freedom.
he intends to do everything in his power to stop the Federal Reserve from creating such a currency. All of this is aimed at attracting the cryptocurrency community to his side and fighting those whom Biden calls anti-cryptocurrency crusaders.
Trump's promises sound great on paper, but they are not realistic. In particular, the idea of creating a strategic national bitcoin reserve is crazy.
Bitcoin is unstable. Putting it at the center of U. S. monetary policy is like playing with fire.

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#news #DigitalCurrency

Microsoft has signed an agreement with Constellation Energy Corporation, the owner of the Three Mile Island nuclear power plant in Pennsylvania, to restart the plant and provide technology companies with clean energy to run artificial intelligence.

The 20-year agreement between Microsoft and #Constellation calls for the restoration of Unit 1 at the Three Mile Island nuclear power plant and the construction of the Crane Clean Energy Center.
This is part of tech giant Microsoft's commitment to provide its artificial intelligence business with carbon-free energy.
As part of the deal, Constellation Energy will supply Microsoft with 835 megawatts of energy and spend about $1.6 billion to bring the facility online.
#Carbon dioxide emissions by energy type. Source: International Atomic Energy Agency.
But to restart operations, the Nuclear Regulatory Commission (NRC), as well as state and local authorities, must obtain permission.
September 12, industry leaders from tech giants such as Open #AI , Microsoft and Google met at the White House to discuss the future of energy infrastructure for artificial intelligence.
said Phil Harvey, CEO of Sabre56, an expert in building and operating data centers and #mining facilities, As a result, the entire reactor was shut down and the pressure in the nuclear plant's pipes increased.
To reduce the pressure increase, a relief valve was opened that was supposed to automatically close when the pressure dropped to a certain level. The valve remained open, resulting in a catastrophic loss of coolant that overheated and partially melted the entire reactor core. nn A diagram of the permanently shutdown Three Mile Island Nuclear Reactor No. 2. Source: Nuclear Regulatory Commission. Residents living within a five-mile radius of the accident site were ordered to evacuate and could have received radiation poisoning. The Nuclear Regulatory Commission continues to maintain that the accident poses no threat to the environment or human health
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#BlockchainFuture

According to Ray Dalio, founder of Bridgewater Associates, $35,327,666,283.9 billion. The U.S. national debt will continue to grow no matter who wins the White House election.

In a new #interview with Bloomberg at the Milken Institute's Asia 2024 Summit, Dalio said the upcoming November election will be a crossroads on many important issues, including tax policy and the federal government's reach.
the billionaire believes the national debt will be ignored as long as the federal government reduces the real burden of debt through inflationary policies.
We have a huge debt, and it will continue to grow. And one man's debt is another man's debt. ...... No one wants a debt policy. Eventually it will be monetized.
Whatever the outcome, the billionaire sees the U. S. becoming a more "fractured" entity, with some parts of the country looking to state governments for guidance due to "irreconcilable differences" with the federal government.
Dalio said he is also looking at the candidates' tax policies and how they will affect the market.
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#CryptoUpdates #FinTechInnovations #CryptoNews #transscreen.ru

MicroStrategy has added $458 million to its bitcoin bag with the purchase.

The company raised the funds through a debt offering.
#MicroStrategy , a business intelligence company, continues to buy bitcoins (BTC) after raising $1.01 billion through a convertible debt offering. The #BTC purchase demonstrates the company's continued commitment to the #Bitcoin network. It also comes amid an ongoing market rally, with the price of BTC hovering around $BTC Earlier today, MicroStrategy Chairman Michael Saylor announced that the company has purchased an additional 7,420 BTC for approximately $458.2 million (approximately $61,750 per coin).
This latest transaction brings MicroStrategy's yield to 5.1 percent for the current quarter and 17.8 percent since the beginning of the year. BTC Yield is a new concept developed by MicroStrategy that measures the percentage change in bitcoins owned by a company relative to the number of shares it owns.
the concept provides accurate data on how the value of bitcoins owned by shareholders changes based on the number of shares they own. It is also an important part of the company's strategy to increase bitcoin reserves and protect against inflation risk.
As of September 19, 2024, MicroStrategy owned 252,220 BTC worth approximately $9.9 billion, acquired at a price of approximately $39,266 per coin The acquisition of 7,420 BTC followed a series of previous acquisitions. The company began accumulating bitcoins in 2020 and still considers this digital asset a major component of its financial resources.
MicroStrategy, led by Michael Saylor, has consistently financed its bitcoin purchases in a variety of ways, including through debt issuance. The latest bitcoin purchase came after Mr. Saylor announced the completion of a $1.01 billion convertible bond offering.
the offering included $135 million in proceeds from the exercise of options by the original purchasers.

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#CryptoAdoption #CryptoMarketTrends

Long traders lost a total of $1.03 million, while short trades on PEPE brought losses of $242,960, with the price falling 1.86% in 24 hours to 0000008411.

the losses of short traders were even bigger - $3.16 million, and the total losses from short trades amounted to $2.72 million.
This trend of Catizen liquidation is not unusual, as the tokens were launched after a lot of publicity on September 20. But that hype quickly subsided, and after just 24 hours, the price rose just 1.02% to $0.9294. The token's trading volume jumped more than 4,200% to $1,130,882,362, making it the most trending token at the moment.
In recent times, Catizen has also remained at the top of the charts, representing a new niche of high-performance digital tokens favored in the GameFi ecosystem.
As previously reported, Catizen was listed on Bybit, cementing its future position on the list, sparking an intense liquidation trend.
The future of the three listed tokens remains uncertain. However, #PEPE is featured in a number of high-profile figures, as reported by U. Today; WIF also continues to be one of the most successful #meme coins on the #Solana #blockchain .
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In this post. Cryptocurrency lender Shezmu has managed to recover about $5 million worth of assets after being hacked.

The Shezmu team gave the attackers 24 hours to return the funds, as well as a reward of 10% of the hacked amount.#cryptocurrency lender Shezmu today successfully recovered about $5 million worth of assets that were lost in the hack.Cao Fan Shoufang warned X website that the lender's vault had been hacked and said he did not know whether it was a real hack or an attempt to steal funds. Shoufan noted that $4.9 million worth of ShezUSD tokens were stolen in the attack.ShezmuTech was hacked/stolen. ~$4.9 million ShezUSD was stolen.In another X-message later, the lender's team confirmed that the ShezmuUSD stablecoin vault had been hacked and funds lost. The company urged the attacker to return the funds in exchange for a reward and promised that there would be no legal repercussions from the attack.the team urged the attacker to return the funds within 24 hours with a 10% reward. It also stated that if the attacker did not return the funds within that time frame, legal action would be taken.the team returned 80% of the stolen funds after negotiating with the hacker up the chain of command. The team reminded the hacker that his wallet was linked to the KYC exchange and that if the hacker returned the funds, the incident would be considered a "white hat" hack.a few hours after the incident, the team received the stolen #Dai tokens on their wallet. The hacker first sent 282.18 Ether and then 137 WETH.The team urged investors and users of the protocol to avoid interacting with the Oasis vault on the platform until further notice.The Indian #cryptocurrency exchange #WazirX reportedly recently lost funds worth $230 million to a hacker attack. However, the exchange has done nothing to trace these funds. Moreover, WazirX has not officially acknowledged the hack and holds the custodians responsible for the loss of funds.Read us at: Compass Investments

Plume Network plans to tokenize about $1.25 billion of real-world assets by the fourth quarter.

token holders will be able to earn income from a range of assets, including #mining rights, solar farms and Medicaid claims, the company said in a statement.
Plume Network announced plans to tokenize about $1.25 billion worth of real-world assets, offering holders the opportunity to earn income in the process, the company said in a statement.
the goal is to tokenize assets such as.
solar farms, personal loans, Medicaid-backed accounts, and mining rights.
Plume Network intends to eventually tokenize $3 billion worth of assets, the spokesperson added.
Chris Yin, co-founder and CEO of Plume Network, said in a statement, Plume offers unique access to high-yielding private assets such as private credit, healthcare receivables and renewable energy. These assets have traditionally been out of reach for most investors.
The income-producing assets that Plume Network plans to tokenize include a $500 million Credbull private credit fund, a $300 million Plural Energy solar farm, certain oil and gas production rights and $120 million in Medicaid claims.
Medex CEO Shaq Penugonda said tokenizing Medicaid claims could solve the liquidity problem for healthcare providers, while Josh Chinnaswamy, CEO of Projective Finance, said Plume Network's plans for solar energy. He said it could solve the financing challenges facing the sector.
Gn Yin told The Block that #token holders will be able to.
access individual assets or combine them into different pools to create any type of index.
Plume Network isn't the only #blockchain startup aiming to tokenize real-world assets: in June, Berlin-based #Swarm Markets announced plans to offer individuals "NFTs-" representing ownership of physical gold.
This blockchain startup is a Layer 2 modular network that aims to tokenize real-world assets (RWAs) on the blockchain.
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This week, Ethereum's core developers decided to split the network's next major update, Pectra, into at least two parts, with the first update to be released around February 2025.

The last few #Ethereum updates, including Dencun in March and Shapella in 2023, have brought significant changes to both blockchain developers and Ethereum users.
What will Pectra bring and how will it affect you?
In a conference call on Thursday, the #core Ethereum developers decided that there were too many items on Pectra's wish list and that releasing all of them at once might make the update too complicated. Instead, they decided to split the update into at least two separate events, with the first part scheduled for early next year.
Several suggestions have already been approved for inclusion in the first update, many of which will have a noticeable impact on Ethereum users.
Image created by Decrypt using artificial intelligence.
On Thursday, a U. S. District Court judge dismissed a lawsuit filed by Etherium software giant Consensys against the U. S. Securities and Exchange Commission (SEC). The judge wrote that the company's claims ultimately "lack merit" because the Commission's alleged conduct was not "conclusive.
The case is not ripe because the plaintiffs have not named a single definitive action by the authorities that would justify their claims, and dropping the lawsuit would create few, if any, difficulties for them.
one of them, for example, is to end the tedious practice of having to hold small amounts of #ETH to pay for gas on the main Ethereum network and many second-tier networks. Currently, gas bills on Ethereum, Base, Arbitrum, Optimism and several other networks in the Ethereum ecosystem must be paid in ETH, regardless of which token is being transferred.
Decrypt, which introduces "account abstraction, allows Ethereum users' wallets to behave more like smart contracts.

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Arthur Hayes sold Pendle for $350,000 at a 36% loss, making $790,000.

Pendle has partnered with Solve Protocol to strengthen its position in the #DeFi sector. Although the market downturn has hamstrung investors, Pendle's innovations show potential for future growth.
Arthur Hayes, co-founder of BitMEX, sold 350000 #PENDLE tokens today at a loss of $126 million. The sale gave Hayes a 36% loss, totaling $BTC he originally bought 39,2911 PENDLE tokens between May 20 and June 21 at a price of $5.6 per #token . However, when their value fell by more than 50%, Mr. Hayes was forced to sell them at a loss. Before the sale, Mr. Hayes moved the tokens to the exchanges Binance and Bybit.
the last 24 hours, Pendle (PENDLE) traded at $3.55, up 2.555%. The price of the token also fluctuated moderately from a low of $3.34 to a high of $BTC With a market capitalization of $564.56 million, Pendle ranks 105th in market capitalization. Trading volume in the last 24 hours totaled a staggering $78.12 million. However, this is down 4.37% from the previous day. The market capitalization to market cap ratio was 13.90%, indicating active trading in the market.
consumer sentiment continues to improve: 88% of respondents are bullish on PENDLE, while 12% are bearish. This suggests that confidence in the market's growth remains, regardless of volatility.
However, even if PENDLE faces volatility in the market, it cannot stop the further development of decentralized finance (DeFi). On September 19, PENDLE announced a partnership with SolvProtocol and Corn.
The goal of the partnership is to float SolvBTC. BBN. This is a liquid stryubcoin token that will launch next December; SolvProtocol will create a decentralized #bitcoin reserve and Corn will create a tier 2 solution for Ethereum.
The SolvBTC tokens.
Pendle facilitates direct trading of future returns.

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#InvestSmart

PayPal's Jose Fernandez da Ponte highlighted Ethereum's slow transaction speed at the Solana Breakpoint event.

PayPal chose #Solana over #Ethereum because of its high transaction processing speed.
An important point in PayPal's choice was the Solana Token Extension feature, which enhances the usability of the stablecoin PYUSD.
One of the main problems with Ethereum is scalability, which becomes evident in high-traffic environments. Fernandez noted that the necessary network must be able to handle at least 1,000 transactions per second, something Ethereum has yet to achieve.
Solana had the characteristics #PayPal needed in terms of speed and the ability to effectively integrate with the growing number of transactions. Initially, PayPal's cryptocurrency department considered Ethereum for its payment network, but soon realized its shortcomings.
So the team started looking for alternatives and eventually chose Solana, which offers real-time payment processing. The move was possible because Solana could handle more transactions than other blockchains and was in line with PayPal's future payment plans.
Mr. Fernandez also cited Solana's token expansion feature, in addition to its high transaction speed, as a key factor in choosing Solana. Token extensions provide new business standards and advanced use cases built in to support enterprise-class applications.
PayPal wanted to introduce these features to enhance the convenience and utility of the stablecoin PYUSD. According to Fernandez, the two main problems of cryptocurrency payments are payment privacy and transaction costs, and Solana offers the best solution to these two issues.
These extensions also allow PayPal to improve PYUSD and make it more attractive to businesses and customers. Thus, Solana becomes the best blockchain option to further develop the company's payment system.

Since PayPal moved to the Solana network, the market value of PYUSD has grown to over $ 650 million.

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#BlockchainFuture #MarketInsights

In this post. Charles Hoskinson expressed concerns about World Liberty Financial, a new DeFi platform backed by Donald Trump and his sons.

Hoskinson said the left doesn't like everything Trump does.
Hoskinson criticized Harris, saying her approach will likely continue the current administration's bidenomics policies.
Charles Hoskinson, co-founder of Cardano and Ethereum, recently appeared in the mainstream news media, questioning the #cryptocurrency policies of former President Donald Trump and Vice President Kamala Harris.
In an #interview with the Financial Times, Hoskinson expressed concern about the fact that neither Trump nor Harris have outlined a clear path for the development of the crypto industry in the United States. This is despite the fact that the former has a more progressive stance towards the industry as a whole.
In addition, Charles Hoskinson expressed concern about World Liberty Financial, a new decentralized financial platform backed by Donald Trump and his sons.
In his interview, Hoskinson warned that Trump's involvement in #cryptocurrencies could complicate the regulation of the industry. Hoskinson noted that "everything Trump does, the left hates with a passion.
Hoskinson also warned that such bias could trigger investigations by U. S. regulators and destabilize the entire cryptocurrency market. He added: "I have never seen this level of quality and sophistication in this debate.
Referring to the history of high turnover under previous presidents, Charles doubts that Trump will be able to assemble a team capable of advancing the crypto industry.
Trump is not the only political candidate Hoskinson has attacked. He criticized Harris, saying her approach is likely to continue the current administration's "waidenomics" policy. He complained that the policy is bad for the industry.

The reason for the sudden change of heart.

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#TokenEconomy #CryptoAdoption

According to CoinGecko, ReFi has a market capitalization of $110.57 million.

A spokesperson for the company said the integration aims to strengthen clean energy and sustainability in the #blockchain space.
He also said it is an important step in aligning financial innovation with planetary well-being.
In the meantime, Powerledger co-founder John Burich said the company's expansion into the #Solana network "not only reinforces the clean energy narrative in the blockchain space, but also underscores the fact that sustainability is a common goal for all ecosystems and that cryptocurrencies can be a good vehicle for achieving it.
reinforcing that they can be a force for good, he told Cointelegraph.
Powerledger will integrate its product with Solana's core network and stop using its own Solana Virtual Machine (SVM) blockchain.
Having worked with the SVM blockchain for more than 12 months, Powerledger said it has "gained valuable experience in making the best use of SVM technology. This next step in our expansion into the Solana mine is an important milestone in creating an open, shared platform.
The Powerledger #token (POWR) will remain an ERC-20 token and will also be available as a proprietary token in the Solana ecosystem; according to CoinMarketCap, #POWR was trading at $0.22 at the time of publication and is up 16.75% since September 14.
Powerledger's blockchain-based energy solutions include peer-to-peer energy trading, virtual power plants, carbon trading and renewable energy certificates (RECs).
This comes after it was announced on September 13 that Worldcoin will launch seamless World ID integration for the Solana blockchain using the new Wormhole Foundation cross-chain protocol.
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#Crypto2024

Coinbase Wrapped BTC (cbBTC) is an ERC-20 token backed by bitcoins stored in Coinbase's 1:1 vaults. The token aims to increase the utility and financial freedom of bitcoin by allowing Coinbase customers to seamlessly access decentralized financial applications (DeFi) with their existing bitcoins.

At the time of the service's launch, cbBTC was supported on Base and Ethereum, but #Coinbase has announced its intention to expand to other #blockchain networks. The planned integration with #Solana will enable this expansion strategy.
the migration of cbBTC to Solana could increase DeFi activity on the high-performance blockchain. Known for its high transaction speeds and low fees, Solana could be an attractive environment for #bitcoin holders looking to participate in the DeFi protocol.
For Coinbase users, cbBTC acts as a bridge between bitcoin and other blockchain ecosystems. When a user sends BTC to a supported blockchain address, it is automatically converted to cbBTC at a 1:1 ratio. Similarly, the cbBTC received is converted back to BTC in the user's Coinbase account.
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#DigitalCurrency

Chiliz Group, a sports-focused cryptocurrency project, has announced the launch of Chiliz Includ3d, the combined social impact arm of the group.

Chiliz will offer its own #Web3 infrastructure and an exclusive ecosystem of brands to promote inclusivity and deeper community engagement in the global sports ecosystem.
The announcement was made during a special event organized by #Chiliz on the second day of the 2024 World Football Summit. Apparently, the event was attended by leaders from the soccer, social and technology sectors, who were among the first to hear the news.
The first program of the group's new division will be the Include3d Accelerator, which will launch in October 2024.
The goal of Chiliz's new Includ3d Accelerator is to democratize Web 3.0 learning for various stakeholders in the global sports ecosystem. This includes community sports, women's sports and social impact organizations.
the Include3d Accelerator wants to empower users to learn about Web 3.0 and implement innovative ideas. This requires direct support from CEO Chiliz and a wide range of web3 and sports partners.
This means that people interested in #cryptocurrency , passionate about sports and wanting to make a social impact will be able to access and participate in the new program.
The includ3d gas pedal also provides a dynamic learning experience for organizations, innovators and entrepreneurs who want to explore and implement #blockchain .
Chiliz will cover topics such as decentralized governance structures, funding mechanisms and grant alignment, safety and security, programmable good deeds and financial/social inclusion.
In this regard, James Newman, Director of Corporate Affairs at Chiliz, said:
At Chiliz, we believe that web3 will kick-start a new sports industry and create more opportunities for brands and fans. Our job is to lead this transition and ensure that it benefits all stakeholders, not just the elite brands.

This trend could also be a reaction to Chiliz's presence at Token 2049.

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#TrendingTopic

APT is expected to reach the double-digit mark of $10.41, thanks to strong technical indicators pointing to upside potential.

Investor confidence remains high, as evidenced by strong fund inflows and several indicators pointing to upside potential.
In the last week alone, the share price of #Aptos [APT] has risen by 17.81%, mainly due to a daily increase of 13.04%.
An AMBCrypto analysis further supports this optimistic outlook, citing a new bullish formation that confirms the asset's strong momentum.
#APT is currently trading within an ascending triangle, a bullish configuration that is known to drive prices higher. Horizontal resistance and ascending support lines characterize this pattern.
In recent price action, APT bounced off this support line and approached the resistance zone at $7.45. If buying pressure outweighs selling at this level, APT will be ready to break through resistance.
After a successful breakout, the rally could extend to the key price levels of USD 8.56, 9.74 and 10.41, where prices could stabilize. Conversely, if the overall market turns bearish, APT could retreat to USD 4.32.
AMBCrypto also highlighted several indicators pointing to bullish momentum, which could help APT overcome the resistance zone.
At the time of publication, APT reached a notable technical mark known as the golden cross, characterized by the intersection of the blue MACD line with the orange signal line. The MACD line is also positive at the 0.05 level. A golden cross is a predominantly bullish signal, indicating that the price of APT is likely to continue its uptrend from current levels.
addition, the Chaykin Cash Flow (CMF), which evaluates both price and volume to determine inflows and outflows into the asset, suggests that APT is in an accumulation phase.
This phase is confirmed by the CMF value increasing to 0.18 and getting stronger.
According to Coinglass, open interest in APT has increased significantly, rising 21.

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#CryptoUpdates #GlobalCrypto #FinTechInnovations