Get ready for a double dose of excitement as Web3 Insider, the current Top Voice on Binance, unveils its most anticipated event yet – the Web3 Insider Airdrop! This groundbreaking initiative promises not only tokens but an exclusive pass to the forefront of Web3 innovation.
Top Voice on Binance – A Glimpse into Excellence:
As the reigning Top Voice on Binance, Web3 Insider stands as a beacon of excellence in the world of cryptocurrency and blockchain. This esteemed status is a testament to the channel's commitment to delivering top-notch insights, breaking news, and in-depth analysis. But the journey doesn't stop here; it's just the beginning of a new era.
What's Brewing with Web3 Insider?
Web3 Insider is not resting on its laurels. As the Top Voice on Binance, the channel is gearing up for exciting new developments. Stay tuned for fresh perspectives, exclusive interviews, and in-depth coverage of the latest trends in the ever-evolving Web3 space. The stage is set for groundbreaking content that goes beyond the ordinary.
Unlocking the Future with Web3 Insider Airdrop:
Now, here's your chance to be part of the unfolding saga! The Web3 Insider Airdrop is not just about tokens; it's an invitation to join a community dedicated to exploring the limitless potential of Web3. Gain access to exclusive insights, research findings, and a wealth of knowledge that only the pioneers in Web3 exploration can provide.
How to Dive In:
Ready to be part of this groundbreaking journey? Visit the official airdrop page here and seize the opportunity to connect with a community passionate about shaping the future of decentralization. The process is simple, and the rewards extend far beyond tokens.
Spread the Word – A Revolution is Brewing:
Share the news with your network! The largest Web3 research community, now crowned as Binance's Top Voice, is ushering in a revolution. Everyone is invited to join – a community that celebrates curiosity, exploration, and the shared vision of a decentralized future.
Your Web3 Journey Awaits – Act Now:
Don't miss out on this dual celebration!
Link here : https://gleam.io/OEfXI/web3-insider-airdrop-wl
Join the Web3 Insider Airdrop and witness the evolution of Web3 guided by the Top Voice on Binance. Your journey into the future of decentralization begins now! 🚀✨
#binance #airdrop #Web3 #trend #bitcoin

Dogwifhat, Helium, Core, and Pepe have emerged as the top gainers in the crypto market over the past week. Each token experienced a price surge exceeding 40%.
Dogwifhat
Dogwifhat 
WIF7.13%dogwifhat is up over 50% for the past seven days, exchanging hands at $2.56 at the time of writing.
The crypto assets had a daily trading volume of $311 million, while its market cap had surpassed the 2.55 billion mark per data from CoinMarketCap

WIF price chart | Source: CoinMarketCap
Despite lacking any clear utility, WIF — the dog-themed meme coin based on Solana — has become one of 2024’s top-performing meme coins.
Its website humorously notes that it is “literally just a dog wif a hat.”
The WIF token has outperformed other well-known meme coins like Shiba Inu and Pepe Coin in terms of price gains. In March, supporters swiftly funded a campaign to project the Dogwifhat image onto the Las Vegas Sphere, surpassing their fundraising target within days.
Helium
Helium 
HNT-2.75%Helium, a blockchain network aimed at the Internet of Things (IoT), surged by 47.8% over the past week and is now trading at $4.70.
With a market cap of about $756 million, Helium ranks 92nd in global cryptocurrency rankings by market cap, as reported by CoinMarketCap, and has a trading volume of approximately $8.6 million.

HNT price chart | Source: CoinMarketCap
Helium is a pioneering blockchain network designed to enable wireless communication for IoT devices globally.
Created by Helium Inc., which was established in 2013, this network offers a decentralized, cost-effective, and scalable connectivity solution.
Rather than depending on centralized infrastructure like traditional telecom services, Helium’s unique approach allows individuals to become network hosts by running Hotspots—specialized hardware devices that offer coverage and transmit data for IoT devices.
In exchange for their participation, hosts receive Helium tokens (HNT), thereby encouraging the expansion and density of the network.
Core
Core 
CORE-0.54%Core saw a 47% increase over the past seven days. According to price data from crypto.news, CORE is currently priced at $1.64, with a 62.9% rise in daily trading volume to around $115 million.

CORE price chart | Source: TradingView
Currently, CORE’s market capitalization is valued at $1.47 billion. Despite the recent upswing, the token’s price is still 75% lower than its all-time high of $6.47, recorded on Feb. 8.
Core operates as a decentralized digital payment system on its dedicated blockchain network. It employs a proof-of-work protocol to validate transactions and to mine new coins. The cryptocurrency is designed with a focus on privacy, supporting anonymous transactions through sophisticated cryptographic methods.
As an open-source project, Core’s development is supported by a worldwide community of volunteer developers.
This digital asset is used for direct peer-to-peer transactions, is stored in crypto wallets, and is available for trading across various digital asset exchanges.
You might also like:SOL, ZK, BRETT: Top cryptocurrencies to watch this week
Pepe
 
PEPE0.55%Pepe rose 40% over the past day, trading at $0.000012 at press time. Its daily trading volume hovers at around $614 million over the last 24 hours.
The PEPE market cap stands at $5.16 billion, ranking it as the 22nd largest cryptocurrency.

PEPE price chart | Source: TradingView
Pepe, an Ethereum-based token that debuted on April 15, draws inspiration from the popular meme culture. It aims to capitalize on the meme coin trend, leveraging the widespread recognition of its amphibian mascot. This approach has resonated well with traders and investors, elevating the token’s profile in the cryptocurrency market.
Designed as a deflationary token with no tax implications for transactions, Pepe seeks to carve out a significant position among established meme coins like Shiba Inu and Dogecoin. The token’s association with the well-known “Pepe the Frog” meme is central to its strategy to attract a broader user base.
Bitcoin climbs 12% in strong recovery
The overall surge in these altcoins followed Bitcoin’s (BTC) 12% rise over the past week, reaching $67,180 on Sunday. Bitcoin’s 24-hour lows and highs were $66,640 and $67,567, respectively.
Yesterday, the world’s largest cryptocurrency attempted to breach the $68,000 mark but faced resistance, leading to a premature halt in the rally by bearish traders.
Despite this setback, BTC’s strong performance over the week has positively influenced the broader cryptocurrency market sentiment. The sentiment has shifted from Fear to Greed, with the Greed index rising sharply to 74, a significant increase from last week’s score of 33.
Meanwhile, the global cryptocurrency market cap also witnessed a 1.42% increase over the last day, elevating to a total of $2.43 trillion.

#pepe #wif #core #hnt #btc

In a groundbreaking decision, the Dubai Court of First Instance has ruled that crypto can be legally recognized as a valid form of salary payment under employment contracts.
This ruling, which emerged from case number 1739 of 2024, marks a significant shift in the United Arab Emirates’ legal stance on digital currencies.
Legal professionals, including Irina Heaver, a partner at UAE law firm NeosLegal, have praised the ruling as a “progressive approach” that aligns with the evolving nature of financial transactions in the Web3 economy.
Employment Dispute Open Door for Crypto Recognition
The legal battle that led to this landmark ruling centered around an employment dispute where the plaintiff, an employee, claimed unpaid wages, wrongful termination compensation, and other benefits.
The employment contract specified a monthly salary to be paid partly in fiat currency and partly in 5,250 EcoWatt tokens, a form of cryptocurrency.
Over six months, the employer failed to pay the cryptocurrency portion of the salary, prompting the employee to file a lawsuit.

In its 2024 ruling, the Dubai Court of First Instance sided with the employee, recognizing the validity of the cryptocurrency payment as outlined in the employment contract.
The court ordered the employer to fulfill the contractual obligation to pay the salary in EcoWatt tokens without requiring the conversion of the payment into fiat currency.
This decision marks a significant departure from the court’s earlier stance in a similar case in 2023, where the claim for cryptocurrency wages was denied due to the lack of a straightforward method for valuing the tokens.
Irina Heaver noted, commenting on the ruling,
“This decision reflects a broader acceptance of cryptocurrency in employment contracts and highlights the court’s recognition of the evolving nature of financial transactions within the Web3 economy.”
She further noted that the ruling is a crucial acknowledgment of how value is created and shared in the Web3 space, where it is common for employees to be compensated in a combination of fiat and project tokens.
Dubai Officially Ruled Crypto as a Means of Value
In 2023, the Dubai Court addressed a similar case involving including EcoWatt tokens in an employment contract.
While the court acknowledged that the contract included payment in cryptocurrency, it ultimately ruled against the employee’s claim because the plaintiff failed to provide a clear and reliable method for converting the cryptocurrency into fiat currency.
The court stated,
“It is established according to the Court of Cassation, that determining the employment relationship, its start, duration, and the resulting effects falls under the authority of the trial court. As the claimant did not provide evidence of the value of the digital currency, the court disregards it.”
However, the 2024 ruling demonstrated a significant shift in the court’s earliest approach.
This time, the court recognized cryptocurrency’s validity as a form of payment and enforced the payment of the agreed-upon salary in EcoWatt tokens without requiring conversion to fiat.
The court’s decision was grounded in Article 912 of the UAE Civil Transactions Law, which states that wages are a worker’s right against the employer and that the employer must pay wages on due dates.
The court ruled,
“As the respondent did not provide evidence of payment in EcoWatt tokens, the court orders the respondent to pay the claimant the value of her wages in EcoWatt tokens.”
The court’s decision is expected to encourage further integration of digital currencies in everyday financial transactions in the UAE, potentially paving the way for broader adoption of cryptocurrencies in various sectors.
With over 3,000 cryptocurrency companies operating in the UAE and employing tens of thousands of people, this ruling provides employees a much-needed layer of protection.

#crypto #web3 #dubai #binance #insight

The Open Network (TON) has announced a partnership with decentralized data oracle Pyth Network to enhance data delivery for developers building on the TON blockchain.
The collaboration aims to integrate Pyth’s advanced oracle data feeds, providing TON developers with the tools they need to create innovative decentralized applications (DApps).
Pyth’s pull oracle technology is particularly notable for its ability to deliver real-time, institutional-quality price data, a crucial component for building robust decentralized finance (DeFi) applications on TON.
Security of Pyth’s Price Feeds
It is worth noting that Pyth’s price feeds enjoy enhanced security and reliability.
For one, multiple layers of protection are in place to ensure that TON developers.
Moreover, those in other ecosystems supported by Pyth can confidently build DeFi solutions capable of serving millions of users.
The partnership is expected to significantly impact various aspects of the TON ecosystem, particularly in the realm of DeFi.
With Pyth’s high-fidelity, real-time pricing data, TON projects will be able to offer enhanced financial services, supported by the platform’s lightning-fast transaction speeds.
The collaboration will bolster TON’s ongoing efforts to attract and onboard users to the blockchain, leveraging Pyth’s low-latency data capabilities to improve the overall user experience.
In addition to this partnership, TON recently integrated with IntoTheBlock (ITB), an onchain analytics and DeFi services provider.
This integration allows the TON community to access advanced analytical data at no cost, offering deeper insights into the blockchain’s ecosystem and fostering greater transparency and user engagement.
Pyth has also extended its expertise to other blockchain networks, partnering with DeFi-focused teams like Morpho and Gauntlet on Ethereum and Base blockchains to enhance lending and borrowing experiences.
Telegram Launches Digital Payment Feature
Back in June, Telegram launched a new digital payment feature dubbed “Telegram Stars,” allowing users to make in-app purchases.
The ‘Stars’ is compatible with both iOS and Android devices.
The move comes with the recent surge in Telegram’s mini apps with millions of users joining every day.
One of the mini apps that have been gaining traction recently, mostly on Telegram is Hamster Kombat.
In this simulator game, players can increase their exchange income by buying “upgrade cards,” and completing quests.
Earlier in the month, Hamster Kombat announced gaining millions of subscribers and becoming the No.1 channel on Telegram in terms of users.
More recently, Pixelverse, a Web3 Telegram-based gaming ecosystem, raised $5.5 million in a recent capital raise.
The funding round saw participation from top investors in the crypto and Web3 gaming space, including Delphi Ventures, Merit Circle, AVA Capital, and Mechanism Capital.
#ton #pyth #binance #bitcoin #Web3

A Solana whale has continued their selloff with a recent $2.8 million transaction to exchanges, part of an ongoing dump that began in January. This latest move brings the total amount sold to approximately $86 million for the year.
On August 13th, on-chain analytics firm LookOnChain brought attention to the significant whale activity.
The whale wallet has been dumping tokens weekly since January 15th. According to the data firm, the whale has transferred at least 594,000 SOL tokens to Coinbase, Binance, and OKX this year.
The tokens are worth about $86 million in total, as SOL’s price hovers at $145.07. The whale sold tokens at least once per week, with the latest sale being a 20,000 SOL (about $2.8 million) token transaction.
A move that has been interpreted as a dollar-cost averaging strategy, gradually selling tokens over time rather than making a single, large transaction.
Solana Whale Dumps Despite Favourable Prospects
This series of dumps comes amid the rising anticipation of a US Solana-based exchange-traded fund (ETF).
Asset managers VanEck, 21Shares, and others filed to form a spot Solana ETF earlier this year.
The US Securities and Exchange Commission’s deadline to either approve or reject the applications is March 2025. While the approval of spot Bitcoin and Ethereum ETFs this year has built up hopes that Solana could be next, some experts remain pessimistic.
However, Solana ETFs have gained traction elsewhere. The Brazilian Securities and Exchange Commission (CVM) approved a Solana ETF on August 7th.
The Solana-based ETF is the first of its kind in Brazil and one of the pioneering Solana-based exchange-traded products (ETPs) globally.
Currently, the Solana ETF is in a pre-operational stage and awaits approval from the Brazilian stock exchange, B3. However, a US-based Solana ETF remains the most credible catalyst to the Solana price.
Ether Whale Activity Is Mixed
Meanwhile, following the launch of the Ethereum ETF, whale activity in Ether has shown inconsistency. Some whales have been observed dumping their tokens, while others have continued to reaffirm their positions.
A whale linked to the Ethereum initial coin offering (ICO) has been offloading tokens for over a month. On August 12, LookOnChain flagged a substantial $13.2 million Ether whale transaction to OKX in a move to sell
The wallet, which received 1 million ETH during the Ethereum ICO, has been selling tokens since July 8. Its total number of tokens deposited to OKX is $154 million, at an average price of $3,176.
Despite the recent sale, another whale has taken the opposite position with a similar amount. On the same day, an Ethereum wallet scooped up 5,000 ETH, adding about $12.8 million to their portfolio.
Notably, the last time this whale address bought the dip was when Ether fell to the $2,100 mark, shortly before it recovered to $3,100, according to an August 12th X post by Scopescan.

#solana #sol #Web3 #whale #tradinginsight

Andrena, a Solana-based decentralized physical infrastructure network (DePIN) project and wireless internet provider has secured $18 million in a Series A extension round led by Dragonfly, with participation from CMT Digital, Castle Island Ventures, and Wintermute Ventures.
The investment round for DAWN was structured as a simple agreement for future equity (SAFE) with token warrants, bringing Andrena’s total funding to $38 million. This round follows a $15 million Series A round announced in February 2023, in which Dragonfly was also the lead investor.

Democratizing Internet Access
Since its inception in 2017, Andrena has provided wireless internet services at reduced costs (currently starting from $30 per month) to customers across the United States using rooftop equipment. The new funding will be used to accelerate the development and deployment of Andrena’s decentralized autonomous wireless network (DAWN) protocol.
DePINs are peer-to-peer (P2P) crowd networks where individuals share physical infrastructure resources like energy, data storage, computer power, or bandwidth. For example, in energy, DePINs facilitate P2P trading of renewable energy, empowering individuals to become both producers and consumers. In the same way, DePINs can also democratize internet access, building a network to crowdsource bandwidth and incentivizing people to deploy routers and provide internet services.
DAWN is a DePIN Solana-native protocol designed by Andrena to offer decentralized internet services. Unlike traditional internet service providers, DAWN enables users to become proactive network participants that can buy, sell and share internet bandwidth directly with each other without having to rely on centralized providers.
“We’re thrilled to be building the first DePIN protocol to offer decentralized broadband with multi-gigabit wireless technology on Solana,” said the company’s August 7 post on X.
“Our vision is to transform the internet from a provider-owned model to a consumer-owned model. The same way homes can own their own electricity generation with solar panels and sell their excess back to the grid, DAWN aims to do the same with the internet.”
DAWN uses a “proof of backhaul” mechanism to verify and quantify the throughput capabilities of each participating node. The algorithm for this mechanism was developed in Andreana’s collaboration with Pramod Viswanath, a key contributor to the open source AI platform Sentient and a professor at Princeton University, and Polygon (MATIC) co-founder Sandeep Nailwal.
DAWN is currently operating in a testnet environment ahead of launching on Solana (SOL).
DePIN Market Explodes
The DePIN sector is experiencing rapid growth. Fundraising volume has increased 296% year over year, reflecting a significant influx of capital into the industry. This investment has fueled a 400% increase in total market capitalization to $20 billion, according to Messari, a market research firm.
Solana with its high transaction speed and low fees is currently leading the adoption of blockchains for DePIN projects, hosting around 78 such initiatives.

While Solana currently holds the top spot, other Layer 1 blockchains such as IoTeX and Peaq are actively expanding their ecosystems for DePINs.

#sol #bnb #binance #solana #tradinginsight

MicroStrategy co-founder and chairman Michael Saylor dashed criticisms on Wednesday that his favorite cryptocurrency, Bitcoin, is harmful to the environment compared to competitors.
Don’t Worry About Bitcoin Mining: Michael Saylor
During a Wednesday interview with Bloomberg, the self-described “Bitcoin maximalist” said concerns about Bitcoin contributing to “rising global temperatures” are a “silly observation” that people have falsely repeated for years.
“Bitcoin’s not boiling the ocean,” said Saylor. “It’s like ten, fifteen basis points of the world’s energy usage, so it’s de minimis compared to everything else.”

According to the Cambridge Bitcoin Electricity Consumption Index (CBECI) Bitcoin’s current electricity demand is on pace for 157.82 terawatt hours (TWh) annualized.
For context, the entire planet’s electricity consumption in 2023 was estimated to be 29,925 TWh, which would mean Bitcoin comprises roughly 0.52% of world electricity consumption.
What’s more, several surveys and studies have indicated that Bitcoin is now powered mostly by sustainable energy worldwide, such as hydroelectric mining, rather than oil or gas-powered mining as critics often claim.
“Thirty percent of the energy in the world is wasted from some other source,” Saylor added. “It’s just guerilla marketing, and I think largely irrelevant, and debunked at this point in time.”
Two years ago, Ripple co-founder Chris Larsen publicly revealed that he’d put $5 million towards an anti-Bitcoin mining campaign involving GreenpeaceUSA and the Environmental Working Group.
Since then, both organizations have published numerous studies and marketing materials pushing for Bitcoin to “change the code” and remove mining from its operations. Bitcoiners online have largely rejected such efforts.
Saylor Owns $1 Billion In BTC
During the interview, Saylor revealed that he still owns at least 17,732 BTC to his personal name – worth nearly $1 billion at currency prices. Meanwhile, his company owns over 226,000 BTC, currently worth $12.59 billion.
Though the company’s BTC holdings now surpass that of the U.S. government, the chairman said he is supportive of the United States forming a strategic Bitcoin reserve – something pitched by President Donald Trump in July.
“That makes BTC the apex property of the United States,” he said. “The only thing the nation won’t sell are its national parks, its nuclear weapons, and its Bitcoin.”

#Write2Win #btc #bitcoin

Ethereum co-founder Vitalik Buterin has transferred 3,000 Ether (ETH) to a multi-signature safe wallet, few hours ago. The amount transferred is worth $8 million at press time.
A Buterin-linked wallet first transferred 0.1 ETH to a wallet for testing, before sending 3,000 ETH. According to Look On Chain data, the transfers could be a possible donation from Buterin.
Per Etherscan, the transaction has attracted around 0.1 ETH in gas fees (about $270). The transfer comes in line with Buterin’s 3,000 ETH move to vitalik.eth wallet on August 5.
Multi-sig wallets are one of the most advanced security-enhancing tools. It utilizes multiple private keys to access cryptocurrency assets or transfer them. Buterin’s transaction to a multi-sig shows his advocacy for privacy and security.
Currently, Vitalik.eth wallet holds just over 400 ETH, valued at $1 million, Etherscan revealed. On August 5, the wallet’s total holdings were reported to be 245,233 ETH, having a market price of $571.72 million.
On the same day, the Ethereum co-founder sold all 17.145 billion Neiro tokens that he received from the Neiro team, which he converted to 44.53 ETH, equivalent to $112.5K at the time.
Vitalik Buterin’s Recent ETH Donations
This isn’t the first time Buterin has transferred to a multi-sig wallet, suspected to be a donation. In July, the crypto entrepreneur made a donation of 100 ETH to 2077 Collective, a community-based organization focused on promoting Ethereum adoption.
Arkham Intelligence reported that the transfer, valued at approximately $300,000 at the time, was sent to a multi-signature wallet.
Previously, he also supported the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm, by donating 30 ETH.
The on-chain data revealed that the donations came from the vitalik.eth address on May 30.
#eth #ethereum #binance

Bitcoin’s price has continued to dip dramatically on Monday morning as it fell below $50,000, registering a staggering 20% decrease in the last 24 hours on the heels of global markets meltdown.
At the time of writing, the entire crypto market has lost nearly 16% in the last 24 hours, with Bitcoin and Ethereum shedding 20% and 25%, respectively in the last 24 hours, as per Coingecko. The crypto market reacted to the meltdown in the global equity and futures market on Monday morning. Japan’s stock markets witnessed historic lows on Monday. Nikkei 225 is down 12.40%, lowest since 1987. Last week the Bank of Japan had key raised interest rates for the first time in 17 years,
Liquidations Top $1 Billion in 24 Hours
As per Coinglass data, total liquidations in the last 24 hours have reached $1.03 billion, out of which $894.03 million were long positions. Nearly $150 million have been liquidated in the last hour alone.
Major atlcoins, including, BNB, XRP, Solana are down 22.3%, 20%, and 20% in the last 24 hours, respectively.

Source: Coinglass
Asian Markets Collapse on Fear of Recession
Tokyo led a sharp decline across Asian stock markets on Monday, spurred by disappointing US jobs data that heightened recession fears for the world’s largest economy and increased expectations for multiple Federal Reserve interest rate cuts.
This sell-off mirrored significant losses on Wall Street, where major tech companies like Amazon and Microsoft were hit hard amid concerns that this year’s AI-driven rally might have been excessive.
The eagerly awaited report released on Friday revealed that the US economy added a mere 114,000 jobs in the previous month, a significant drop from June and well below predictions, with the unemployment rate climbing to its highest point since October 2021.
#btc #Write2Win #bitcoin #binance

Morgan Stanley will allow its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs) to eligible clients, marking a first for major Wall Street banks.
According to a report by CNBC, starting August 7, Morgan Stanley’s 15,000 financial advisors can solicit clients to purchase shares of BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund.
HNWI Clients with High-Risk Tolerance
Other major Wall Street banks have not followed Morgan Stanley’s lead in offering Bitcoin ETFs. Firms like Goldman Sachs, JPMorgan, Bank of America, and Wells Fargo still prohibit their advisors from pitching these products.
The report stated that these banks only allow Bitcoin ETF trades if clients specifically request them, according to spokespeople from the institutions. This cautious approach contrasts with the adoption of digital assets among top financial firms.

Morgan Stanley is proceeding cautiously with its new offerings. According to people who know the policy, only clients with a net worth of at least $1.5 million and a high-risk tolerance will be eligible to invest. These investments will be limited to taxable brokerage accounts.
Sources said the bank will monitor clients’ crypto holdings to ensure they do not have excessive exposure to the volatile asset class. This measure is intended to maintain a balanced investment portfolio for clients.
Morgan Stanley has not yet committed to offering the newly approved Ethereum ETFs. According to sources, the bank is watching the market development for these products before making any decisions.
Morgan Stanley Ready for Bitcoin ETF Recommendation
In April, the company reportedly considered letting brokers actively recommend Bitcoin ETFs.
AdvisorHub indicated that Morgan Stanley was developing new safeguards for solicited purchases, as mentioned by two senior executives who were familiar with the plans.
These safeguards will include setting risk tolerance criteria, imposing limits on allocation, and regulating trading frequency. However, the executives did not specify when these policy changes will be implemented.
#Write2Win #btc #bitcoin #binance #sol

U.S. spot Ether exchange-traded funds (ETFs) have seen meager inflows as outflows from the Grayscale Ethereum Trust (ETHE) continue to persist.
On August 1, Ether ETFs recorded a net inflow of $26.7 million, driven by an $89.6 million inflow into BlackRock’s iShares Ethereum Trust (ETHA), according to data from SoSoValue.
Conversely, Grayscale’s Ethereum Trust experienced outflows of $78 million on the same day, bringing the total outflows from the fund to just over $2 billion since its conversion to a spot ETF.
Grayscale’s ETH ETF Sees Outflows
Unlike the eight other spot Ether ETFs launched on July 23, Grayscale’s ETHE was originally a trust providing institutional investors with exposure to Ether.
Prior to its conversion, ETHE held $9 billion in Ether, but outflows have now exceeded 22% of the initial fund value as of August 1.
Mads Eberhardt, a senior analyst at Steno Research, suggested that the significant outflows from Grayscale’s ETHE might diminish by the end of the week.
He indicated that a slowdown in outflows could serve as a bullish indicator for ETH prices.
“When it does, it’s up only from there,” Eberhardt wrote in a July 30 post on X.

On July 23, Will Cai, head of indexes at Kaiko, remarked that ETH’s price would be “sensitive” to inflows into spot products.
Reflecting this sensitivity, ETH was trading at $3,168 at the time of publication, having dropped 8.5% since the ETFs were launched, according to TradingView data.
Spot Bitcoin ETFs See $50M in Inflows
Meanwhile, the 12 spot Bitcoin ETFs in the U.S. reported a total daily net inflow of $50.64 million on Thursday.
Grayscale’s Bitcoin Mini Trust, which began trading on Wednesday, led net inflows with $191.13 million, based on data from SoSoValue.
This was followed by BlackRock’s IBIT, which saw inflows of $25.9 million.
However, these inflows were countered by net outflows from five U.S. funds, including Grayscale’s GBTC, which saw $71.33 million leave the fund on Thursday.
Fidelity’s FBTC logged net outflows of $48.4 million, and Ark Invest and 21Shares’ ARKB saw $22.42 million in outflows.
Funds from Bitwise and VanEck also reported net outflows, while the remaining five funds from issuers such as Valkyrie recorded zero flows.
On Thursday, the total daily trading volume for the 12 Bitcoin ETFs amounted to approximately $2.91 billion, compared to $1.37 billion on Wednesday.
Since January, spot Bitcoin products have accumulated a total net inflow of $17.74 billion.
Despite these inflows, the two largest spot Bitcoin ETFs—BlackRock’s IBIT and Grayscale’s GBTC—both traded down about 3% on Thursday, according to The Block’s Bitcoin ETF Tracker.
As reported, the digital asset investment landscape continues to draw substantial interest, with inflows maintaining a positive trajectory for the fourth consecutive week.
Last week, the sector saw an influx of $245 million, with year-to-date (YTD) inflows reaching a record $20.5 billion.
Bitcoin products have continued to attract significant investments.
Last week alone, Bitcoin saw inflows amounting to $519 million, bringing its month-to-date inflows to $3.6 billion and YTD inflows to an unprecedented $19 billion.

#eth #Write2Win #btc #binance

dYdX, a prominent crypto exchange, announced on July 23 that its version 3.0 website had been compromised.
Users have been advised to avoid visiting the version 3.0 site or clicking any links until further notice. However, the team assured users that version 4.0 remains unaffected and is functioning normally.
dYdX has released a detailed postmortem on the Squarespace account hack, outlining the events and their responses. The exchange has decided to change domain registrars and continues to work with SEAL and other partners to prevent future incidents.
dYdX Exchange Website Compromised Due to Social Engineering Attack

According to the postmortem, the breach occurred after unauthorized individuals accessed dYdX Trading’s Squarespace account through a social engineering attack on Squarespace customer support.

During the two-hour hijacking of the exchange domain, two users lost funds totaling approximately $31,000. dYdX Trading is in contact with the affected users to ensure they are compensated.
In 2023, Squarespace acquired all domains from the now-defunct Google Domains, migrating them over several months. The dydx.exchange domain, owned by dYdX Trading, was moved to Squarespace on June 15, 2024.
On July 9, attackers gained access to the dydx.exchange domain and modified the DNS nameservers from Cloudflare to DDoS-Guard.
This initial attack was mitigated by DNSSEC settings, which prevented users from accessing the compromised site. DYdX quickly resolved the issue through password and two-factor authentication (2FA) rotations.
Following reports of similar attacks on crypto-specific domains, SEAL, a crypto-focused security team, initiated an investigation. It was discovered that an OAuth vulnerability on Squarespace had been exploited, which Squarespace addressed and fixed on July 12.
Despite this, the dydx.exchange domain was compromised again on July 23. Attackers managed to change the DNS Nameservers and remove DNSSEC settings, hosting a malicious site that tricked users into transferring Ethereum and ERC20 tokens.
During this period, dYdX collaborated with SEAL and other partners to block malicious sites on popular crypto wallets like Metamask and Phantom. Despite these efforts, two users lost $31,000 during the attack.
dYdX Exchange Recovers Website Following Squarespace Account Hack

The postmortem further revealed that the attacker had set the domain admin email to an address ending in outlook.com, with a username similar to the legal name of the billing administrator on dYdX’s account. This suggested a social engineering attack, as the attacker used a believable email address.
According to dYdX, its communications with Squarespace revealed that a human error initiated the takeover during the account-recovery process.
The attacker bypassed 2FA and modified the account email without providing valid security credentials. Squarespace’s customer service did not attempt to contact any other listed admins on the domain before making these changes.
In response to the attack, dYdX transferred its domain registration to Cloudflare to enhance security. The transfer was expedited and completed within six hours.
dYdX confirmed that there were no security issues with its smart contracts, backend systems, or the dYdX Chain as a result of the incidents.

The dYdX team stated social media X, advising users to clear their browser cache and restart their browser before reconnecting to the website to ensure they were not accessing the compromised site.

#dydx #Web3 #binance #Write2Win #bitcoin

Amid a widespread downturn in the cryptocurrency market, Pepe price has sharply declined to $0.000011, reflecting a near 6% drop in just 24 hours.
With a substantial trading volume of $1,045,483,696, Pepe currently ranks as the 22nd largest cryptocurrency by market capitalization, which stands at $4,836,454,029.
Despite the downward trend, Pepe Coin holds an impressive year-over-year growth of 815%, with early investors seeing significant returns.
Exploring Pepe Coin’s Promising Jump; 38.77% Surge Ahead?
Pepe Coin has seen significant growth, soaring 815% over the past year, and investors who entered early have reaped substantial profits.
Despite currently trading 27% below its all-time high of $0.00001717 reached in May 2024, CoinCodex remains optimistic.

They predict a potential 38.77% increase to $ 0.00001588 by the end of July 2024, turning a $1,000 investment today into approximately $1,387. However, it’s important to note that this forecast isn’t guaranteed.

Current Price Drop: 27% below May 2024’s all-time high.Potential Increase: Forecasted 38.77% rise by July 31, 2024.
Pepe Price Prediction
The current price of $0.000011 places the cryptocurrency in a delicate position. A key technical indicator, the 50-day Exponential Moving Average (EMA), is currently at $0.00001196. Pepe’s price is trading just below this EMA, indicating a slight bearish trend.

PEPE Coin Price Prediction – Source: TradingView
Additionally, the Relative Strength Index (RSI) is at 42.24, suggesting a neutral market sentiment with potential for bullish divergence.
Key Price Levels:
The pivot point, marked at $0.00001179, is crucial. Immediate resistance levels are found at $0.00001285, $0.00001300, and $0.00001350.

On the downside, immediate support levels are at $0.00001119, followed by $0.00001081, and $0.00001038. The formation of a hammer candlestick pattern on the 2-hour chart is noteworthy as it often signals a potential reversal and the likelihood of a buying trend in PEPE.
The hammer candlestick formation on the 2-hour chart indicates a potential reversal in the current downtrend, suggesting that a buying trend might emerge.
The RSI level at 42.24 is neutral but shows signs that bulls might be preparing to take control if the price can sustain above the pivot point of $0.00001179.
The 50 EMA at $0.00001196 is a significant resistance level, and breaking above it could further strengthen Pepe’s bullish outlook.
Conclusion: Pepe (PEPE) exhibits a potential buying opportunity if it sustains above the $0.00001179 pivot point, which is critical for maintaining bullish momentum.
#pepe #tradinginsight #Web3 #ETH #SHIB

The PEPE price has dropped by 1% today, slipping to $0.00001202 as the crypto market as a whole rises by 0.5% in the past 24 hours.
The meme coin remains up by 25% in a week and by 32% in a fortnight, while it also boasts an enviable 685% gain in a year.
In fact, PEPE has reached an all-time high more recently than most other top-100 coins, with the token climbing to $0.00001717 at the end of May.
And with its price breaking through a short-term resistance level, it looks like it could beginning challenging this record high before long.
Bullish Momentum Builds After Pepe Price Range Breakout
What you can see from Pepe’s chart is that, last week, its price broke away from the narrow $0.0000085 – $0.0000095 range it had been trading in for a few weeks.
Its overall picture is therefore much more bullish at the moment, even if its indicators have taken a hit this morning with today’s drop.
For example, its 30-day moving average (orange) has begun falling towards the 200-day (blue), suggesting that we may see a little correction over the next day or so.

Source: TradingView
Likewise, PEPE’s relative strength index (purple) has fallen from 60 last night to 40 today, and while it has stabilized a little, more drops could be coming.
Yet with a trading volume of around $1.2 billion, any drop today or tomorrow may be short-lived, given the ongoing interest in the meme token.
Recent days have seen whales withdraw significant sums of PEPE from exchanges, signalling a belief that the coin has more gains in store in the near future.

And given that the wider market appears to have entered an upwards trend after a difficult couple of weeks, such a belief would be entirely reasonable.
Indeed, the market has the launch of Ethereum ETFs to look forward to tomorrow, with some already preparing for a Solana ETF in later months.
While such launches do not affect the Pepe price directly, they would nonetheless improve bullishness across the board, with demand and volume feeding into alts such as Pepe.
There’s also no mistake that PEPE is probably still the most popular meme coin among whales, so we are likely to see it rally strongly in the coming weeks and months.
It could easily reach $0.0000015 in the next few weeks, before hitting $0.0000020 by Q4

#pepe #meme #Write2Win #binance #tradinginsight