BitTrade is pleased to announce that deposits and withdrawals of the crypto asset $EOS (EOS), as well as handling at exchanges and sales offices, will begin on September 13th (Wednesday) (scheduled). 

Additionally, as of September 13, 2023, we will be the first in Japan to handle $EOS .

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Crypto exchange Binance to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement.

The service will be disabled on Aug. 16 as the crypto exchange wants to refocus on its main products and long-term goals, according to Binance.

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PayPal will temporarily pause crypto buying services in the U.K. starting on Oct. 1, 2023, and will resume at an unspecified date in early 2024.

PayPal said it is pausing crypto purchases due to introducing new rules from the U.K. Financial Conduct Authority (FCA). It said that those rules will require it to “implement additional steps before customers can purchase crypto.”

https://cryptoslate.com/paypal-to-pause-uk-crypto-purchases-starting-in-october/

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According to CoinGecko data, on August 14th, the total trading volume of the cryptocurrency market was $34.703 billion, which is a 57.1% increase compared to August 13th ($22.084 billion).

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On August 9th, according to a report by Shanghai Securities News, at the Digital Empowerment Regional Equity Market Innovation and Development Seminar and the "Yiqi Rong" launch event held on August 8th, Wu Qichao, Deputy Director of the Market II Department of the China Securities Regulatory Commission, stated that the blockchain construction of regional equity markets has achieved significant results in areas such as penetrating supervision, standard specifications, resource integration, and innovative applications.

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Market intelligence firm Santiment reports that wealthy Bitcoin investors have invested more than $750 million in the leading cryptocurrency over the last three months. These Bitcoin millionaires and billionaires have significantly increased their activity, acquiring a total of 11.5 million BTC, which accounts for over half (59.2%) of the entire Bitcoin supply. There are approximately 15,870 Bitcoin addresses holding at least 100 BTC each, and their combined share has grown by 27,755 BTC in the past 12 weeks. This surge in whale accumulation highlights their continued interest in the digital asset. 

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The Bank of England has raised interest rates by 0.25% to combat high inflation, causing the BTC/GBP pair to move sideways while the GBP/USD pair slipped to a low of 1.2625. Bitcoin was trading at £23,000, 7.2% below its highest level this month. The BTC/ GBP pair has formed a bullish flag pattern on the daily chart, indicating a likely bullish breakout in the coming weeks. Despite signs of a slowing economy, the Bank of England believes the UK will narrowly avoid a recession this year.

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According to Bloomberg ETF analysts, the chances of a spot Bitcoin ETF being approved in the US have increased from 1% to 65% in recent months due to new developments in the crypto market and the refilling of ETF applications by Blackrock and other institutional giants. The timing of the Grayscale case dates and their victory over the SEC in Federal court could also play a role in the approval of a Bitcoin ETF. The spot Bitcoin ETF race has attracted the interest of major financial institutions, and some analysts believe that institutional giants like Blackrock could be the key to approval.

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According to Lookonchain monitoring, the founder of Curve sold 4.25 million $CRV to DCF GOD through OTC, with an average price of 0.4 USDT. As of now, a total of 29.25 million CRVs have been sold through OTC for $11.7 million.

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Binance Japan will initially support trading in 34 tokens, including $BTC , $ETC , $DOT , QTUM, ALGO, ETH, ADA, ENJ, SAND, ASTR, BCH, BNB, MATIC, XLM, ATOM, XRP, BAT, MKR, XTZ, AVAX, LTC, DAI, IOST, XEM, ASX, CHZ, DOGE, JASMY, LINL, SHIB, SOL, TRX, ONT, and ZIL.

https://coinpost.jp/?p=475193

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According to Wu Shuo, some community users reported that the encrypted exchange named ZT Global was suspected of running away. Since the announcement of system upgrade and maintenance on July 28, transactions on the platform have been disabled. The TG channel has been banned and the founder cannot be contacted. At 21:00 on July 31, the exchange announced that it had completed maintenance and resumed trading functions, but the trading page showed that only 0.0006 BTC ($17) of buying orders pushed up the price of $BTC on the platform and maintained it at 60,000 The price of USD and $ETH also fluctuated violently in the case of tens of dollars of trading volume.

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According to reports, Twitter, now known as X, is undergoing a major rebranding effort at the behest of #ElonMusk . This process is expected to result in a significant loss of brand value for the social media platform. However, it is anticipated that X will become a lucrative platform for creators in the near future.

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According to data from Dune Analytics, the monthly sales volume of Ethereum and Polygon—based NFTs on OpenSea has hit its lowest point this year, with a total sales volume of $120.79 million at the end of July, representing an 82% drop from the February high. Similarly, Polygon—based NFTs on OpenSea have experienced a 98% decline in sales volume since February, with a sales volume of only $8.35 million in the last 30 days. #NFT

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Shiba Inu $SHIB has regained its position in the top 15 cryptocurrencies by market cap after experiencing a decline in recent months. In the past 24 hours, the price of Shiba Inu has increased by over 5%, allowing it to surpass Wrapped Bitcoin $WBTC and Bitcoin Cash $BCH and reach the 14th spot with a market cap of $4.8 billion. The rise in price may be attributed to the announcement of a testnet bridge between Shibarium and Ethereum, which has sparked the interest of SHIB investors. The success of the upcoming Shibarium Layer-2 upgrade will be crucial in determining whether Shiba Inu can continue to build momentum and retest previous highs.

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Tether has increased the circulating supply of its stablecoin USDT to historic highs, with marketcap growth surpassing its previous all—time high achieved in 2022. Despite USDT volumes not yet reaching their peak, positive address growth indicates growing demand. Tether's growing suite of products, such as Tether Gold, may be supporting USDT transactions and contributing to the stablecoin's marketcap growth. While USDT's marketcap growth is not necessarily a sign of an incoming bullish move, it does imply that Tether is preparing for more demand.

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$TRX had a high burn rate during Q2 2023, but its price remained bullish and market indicators favored buyers. Messari's report on TRX's Q2 performance showed that the daily average active accounts increased by 14%, and the number of new accounts and transactions rose significantly. Tron also launched new features and partnerships, such as the BitTorrent bridge, which expanded its reach and improved its staking ecosystem. While Q3 did not start on a similar note, TRX's price kept increasing, and its daily chart looked pretty bullish.

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Ripple's $XRP is experiencing a dispersion of its moving averages, indicating a phase of lower volatility. This follows a sharp decrease in value and a subsequent flatlining of the trend after a surge in price due to Ripple's legal win against the SEC. Lower volatility often precedes a significant price movement, which could be a breakout or breakdown. Cardano's $ADA has also experienced a drop in both market volatility and trading volume, which could potentially signal a significant price movement in the making. Ethereum $ETH is struggling to push through the 50 EMA resistance level, which suggests a lack of bullish momentum in the cryptocurrency market due to a lack of market—moving news or events.

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Coinbase CEO, Brian Armstrong, is advocating for support of the Financial Innovation and Technology for the 21st Century Act, which aims to create clear regulatory guidelines for the crypto industry in the United States. The bill, sponsored by a group of congressmen, proposes that the U.S. Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CTFC) oversee the regulatory system for crypto assets. Armstrong argues that passing the bill would safeguard the value of crypto, promote American innovation, and enhance national security by providing much-needed clarity and certainty to the digital asset space.

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The United States Securities and Exchange Commission has adopted new rules requiring public companies, including listed crypto firms, to disclose any major cybersecurity incidents within four days of them being deemed "material." The rules will become effective 30 days after publication in the Federal Register and will also require periodic reporting on cybersecurity risk management measures. The SEC stated that the rules will benefit investors by strengthening cybersecurity risk management measures. The rules were proposed in March 2022 and were adopted on July 26, 2023.

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Gary Gensler, the Chair of the SEC, avoided answering questions about the agency's next steps in response to the recent $XRP vs SEC lawsuit ruling. During an interview with Bloomberg TV, he did not confirm whether the SEC would appeal the decision. Gensler had previously expressed disappointment with the ruling, and the SEC has stated its intention to seek further review. The ruling determined that $XRP is only a security when sold to institutional investors, not retail investors, and many US—based crypto exchanges have since relisted the token.

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