Author: Hope Smally

Grayscale’s Expansion into Bittensor and Sui Protocols Grayscale Investments, the world’s largest digital currency asset manager, made headlines in August when it launched funds for Bittensor and Sui protocols. This move marked Grayscale’s further expansion into the cryptocurrency space, showcasing its commitment to providing investors with exposure to innovative blockchain projects. The Rise of Bittensor Protocol The Bittensor Protocol, a decentralized artificial intelligence network, has gained significant attention in the crypto community for its unique approach to AI and machine learning. By launching a fund dedicated to Bittensor, Grayscale is enabling investors to participate in the growth of this cutting-edge…

XRP Price Recovery Under Threat as Investor Sentiment Sours The recent recovery in XRP price, along with the broader cryptocurrency market, is facing challenges that could jeopardize the gains made. Investor sentiment is turning cautious, increasing the risk of a potential sell-off. Changing Tides: XRP Investor Position Shift The weakening XRP price is already susceptible to negative signals that could amplify its downturn. The Chaikin Fund Flow (CMF) for XRP is showing new monthly highs in outflows, indicating a trend of investor withdrawals and heightened selling pressure. Similarly, the Price Daily Active Address (DAA) differences are signaling sell indicators, suggesting…

Grayscale Expands Investment Opportunities in DeFi Space Grayscale Investments, a digital currency asset manager, has recently expanded its investment opportunities in the decentralized finance (DeFi) space. In August, the company launched funds for Bittensor and Sui protocols, further solidifying its presence in the rapidly growing DeFi sector. Investing in Innovation: Bittensor and Sui Protocols By launching funds for Bittensor and Sui protocols, Grayscale is showcasing its commitment to investing in innovative projects within the DeFi ecosystem. Bittensor is a decentralized machine learning protocol that aims to create a global intelligence network, while Sui is a DeFi ecosystem that enables decentralized…

Main Features of ARBITRUM: In the ever-evolving landscape of blockchain technology, ARBITRUM emerges as a strong contender with its innovative scaling solutions. These solutions enable faster, more cost-effective transactions while maintaining Ethereum-level security standards. By leveraging advanced technology, ARBITRUM aims to solve the scalability challenges faced by Ethereum, providing users with a seamless experience, increased transaction speed, and reduced costs. Moreover, ARBITRUM places a strong emphasis on security, ensuring the integrity of transactions and offering users a high degree of trust and reliability. Through its scalable solutions, ARBITRUM not only improves transaction efficiency but also contributes to the growth and…

Bitcoin and M2 Money Supply: A Growing Relationship Bitcoin, the world’s leading cryptocurrency, is poised to benefit greatly from the increasing M2 money supply. As more fiat currency is pumped into the economy, Bitcoin is likely to see significant traction and price appreciation. However, before reaching new heights, it may experience a temporary dip below $58,000. The Impact of M2 Money Supply on Bitcoin Prices Transitioning from traditional financial markets to digital assets, Bitcoin has established itself as a store of value and a hedge against inflation. The M2 money supply, which includes cash, checking deposits, and savings deposits, has…

Altcoin Bull Run Analysis by Arthur Hayes Altcoin Bull Run Requirements To kickstart an altcoin bull run, both Bitcoin and Ethereum prices must experience a significant surge, according to cryptocurrency influencer Arthur Hayes. He highlighted the necessity for Bitcoin to surpass $70,000 and Ethereum to exceed $4,000 for the altcoin season to commence. Understanding the Altcoin Bull Market An altcoin bull market, commonly known as altcoin season, signifies a period when alternative cryptocurrencies witness an extraordinary price increase. This phenomenon occurs when the average prices of the top 50 cryptocurrencies, excluding Bitcoin, outpace the growth rate of Bitcoin, exceeding 75%…

The Record-Breaking Success of Solana-Based Memecoins The memecoin creation platform’s record monthly revenue demonstrates growing retail interest in Solana-based memecoins such as WIF and BONK. The Rise of Solana-Based Memecoins The cryptocurrency market has seen a surge in the popularity of memecoins, with platforms like Solana gaining significant attention. Solana-based memecoins, such as WIF and BONK, have been at the forefront of this trend, attracting retail investors looking to capitalize on the meme culture surrounding cryptocurrencies. Record Monthly Revenue In a recent report, the memecoin creation platform revealed record monthly revenue, indicating a growing interest in Solana-based memecoins. This milestone…

Investigation of Fatal Shooting in Hawthorne Homicide investigators were called to a parking lot in Hawthorne Monday night after a man was shot and killed. The Los Angeles County Sheriff’s Department reported that a shooting took place near Crenshaw Boulevard and El Segundo Avenue around 9:30 p.m. An unidentified man was found with at least one gunshot wound and pronounced dead at the scene. Crime Scene Details Upon arrival, police cordoned off the Crenshaw Village parking lot with tape as they began investigating the death. Evidence markers were placed in the parking lot, indicating multiple bullet casings found nearby. The…

Embezzling User Funds at ezBtc The founder of ezBtc, a Canadian cryptocurrency exchange, has been found guilty of embezzling user funds. The exchange allegedly misused customer funds for personal gain between 2016 and 2019, according to an investigation by the British Columbia Securities Commission (BCSC). BCSC revealed that the exchange’s founder, David Smillie, diverted funds to gambling platforms like CloudBet and FortuneJack, totaling 13 million Canadian dollars. The investigation uncovered that a significant portion of user assets, including 935.46 Bitcoin and 159 Ethereum, were transferred for unauthorized purposes. As more funds flowed from ezBtc to Smillie’s personal accounts and the…

NYDFS is Recruiting Policy Expert for Cryptocurrency, DeFi, and AI The New York State Department of Financial Services (NYDFS) is actively seeking a policy expert to tackle key issues surrounding cryptocurrency, decentralized finance (DeFi), and artificial intelligence (AI) within the financial services industry. This move signals a recognition of the growing importance and impact of digital assets and innovative technologies on the financial sector. Understanding the Role of a Policy Expert In the ever-evolving landscape of financial technology, the role of a policy expert is crucial in shaping regulatory frameworks that strike a balance between fostering innovation and protecting consumers.…

Ethereum Whales Deposited 48,500 ETH Amid Market Turmoil In a tumultuous four-week period, Ethereum whales made significant moves in the cryptocurrency market, depositing a total of 48,500 ETH into exchanges. This occurred at the same time that Ethereum’s market capitalization saw a sharp decline of approximately $80 billion. The Impact of Whale Deposits on Ethereum Prices The sudden influx of 48,500 ETH by Ethereum whales had a notable impact on the price of the cryptocurrency. As these large holders deposited their ETH onto exchanges, it created downward pressure on the price, contributing to the significant market downturn experienced during this…

The Impact of the Recent Market Crash on Ethereum The recent market crash has hit cryptocurrency prices hard, with Bitcoin and Ethereum leading the way. Bitcoin, as the flagship coin, saw its price drop below $55,000, causing concern among investors about the market’s future trajectory. Despite the current downturn, there are signs that a rebound may be on the horizon, as evidenced by the high levels of liquidation in the futures market. Current Market Trends and Forecasts Price drops in the crypto market are often followed by a period of stabilization and eventual rebound. Recent data from CryptoQuant shows that…

The British Columbia Securities Commission Investigation The British Columbia Securities Commission (BCSC) recently uncovered a fraudulent scheme involving the founder of ezBtc, a cryptocurrency exchange based in Canada. The BCSC revealed that the founder of ezBtc had misappropriated millions of customer funds for personal use, leading to substantial losses for investors. Investors Left in the Lurch As a result of the founder’s actions, many investors who trusted ezBtc with their funds found themselves facing significant financial losses. The misappropriation of customer funds meant that the exchange was unable to fulfill withdrawal requests, leaving investors unable to access their assets. This…

The Potential of Solana as an ETF Candidate Introduction: Solana, currently the fifth-largest cryptocurrency in terms of market capitalization, is garnering significant attention amidst the increasing interest in altcoin exchange-traded funds (ETFs). With the recent approval of Bitcoin and Ethereum ETFs, the possibility of a Solana ETF is generating excitement. However, various obstacles need to be overcome, especially in gaining approval from regulatory authorities like the U.S. Securities and Exchange Commission (SEC). Challenges to Obtaining Solana ETF Approval: To secure approval for a Solana ETF, several key factors need to be addressed. The stringent requirements set by the SEC mandate…

Overview of BurgerCities Crypto BurgerCities Crypto, developed by BurgerSwap, merges decentralized finance (DeFi) and non-fungible tokens (NFT) in a captivating virtual world on the Binance Smart Chain. This innovative MetaFi game offers users a platform to interact, play games, and earn rewards. The Unique Features of BurgerCities Crypto At its core, BurgerCities Crypto provides a blend of DeFi functionalities like staking, liquidity mining, and liquidity provision, alongside NFTs representing virtual assets within the game. The BURGER token serves as the central utility token, enabling users to engage in various activities, governance decisions, and potential rewards. Exploring the Integration of DeFi…

The “Made in the USA” Bitcoin Stunt The stunt was announced after presidential candidate Donald Trump made a statement that he wanted all remaining Bitcoin to be “Made in the USA.” This bold move caught the attention of many in the cryptocurrency community and sparked a debate on the feasibility and implications of such a request. The Feasibility of “Made in the USA” Bitcoin While the idea of all Bitcoin being mined in the USA may sound patriotic, it raises several practical challenges. Currently, a significant portion of Bitcoin mining takes place in countries with cheaper electricity and favorable regulations.…

Heroic Good Samaritan Saves Man from Violent Teen Attack in Downtown Los Angeles Earlier this month in downtown Los Angeles, a group of teenagers on bikes violently attacked and robbed a man, leaving him with a broken leg and severe injuries. In a harrowing incident at the intersection of Olympic Avenue and Hope Street, Shailoobek Bazarbai Uulu was targeted by the group, leading to a terrifying ordeal. The Violent Encounter According to Uulu, the attack began when the teenagers surrounded his car, escalating as they threw objects at his vehicle. When he got out to assess the situation, the situation…

Mim Coin (1000SATS) – The Rise of a Meme Coin With a surge in price over the last 24 hours, Mim Coin has emerged as one of the top performers in terms of returns. The ongoing upward trend suggests that pure Satoshi meme coins like Mim Coin have the potential for further growth. SATS has a Chance to Shine There is a possibility of SATS prices seeing an increase in the near future. Altcoin indicators indicate that the current bullish trend could propel the meme coin to new heights. The Average Directional Index (ADX) for the meme coin has dropped…

Class-action Lawsuit Overturned for Binance.US and CoinMarketCap A three-judge panel has partially overturned a class-action lawsuit that accused Binance.US and CoinMarketCap of manipulating the price of the HEX token. The lawsuit, which was filed in the United States, alleged that the two companies engaged in market manipulation to artificially inflate the price of the cryptocurrency. Evidence presented in the Lawsuit The plaintiffs in the class-action lawsuit presented evidence that suggested Binance.US and CoinMarketCap collaborated to manipulate the price of the HEX token. They claimed that the companies engaged in wash trading and other fraudulent activities to artificially boost the value…

A three-judge panel partially overturns class-action lawsuit against Binance.US and CoinMarketCap A three-judge panel has partially overturned a class-action lawsuit that accused Binance.US and CoinMarketCap of manipulating the price of the HEX token. The lawsuit, filed by investors in the HEX cryptocurrency, alleged that Binance.US and CoinMarketCap conspired to artificially inflate the price of HEX, leading to significant financial losses for investors. The panel’s decision The three-judge panel ruled that while there was evidence of market manipulation, the lawsuit failed to prove that Binance.US and CoinMarketCap were directly responsible for the alleged price manipulation. The judges highlighted that the plaintiffs…

Ethereum ETF Outperforms Bitcoin ETF in Institutional Investments In a recent digital asset fund report, the Ethereum exchange-traded fund (ETH ETF) has shown better performance compared to the Bitcoin ETF in the institutional investment landscape. Despite market weaknesses, ETH spot ETF funds saw a significant inflow of approximately $105 million last week. On the other hand, total outflows since inception have reached around $405 million, indicating a mixed trend in investor sentiment. Grayscale’s Investment in Ethereum Grayscale, a prominent player in institutional investments, has launched its Grayscale Ethereum Mini Trust (ETH) with a substantial holding of approximately 360,000 ETH. The…

Grayscale Ethereum Trust Sees Strong Start as Spot ETF Grayscale Ethereum Trust made a significant move by converting to a spot exchange-traded fund (ETF), and the results have been promising. The trust experienced zero outflows on its first day as a spot ETF, signaling strong demand from investors. This shift to a spot ETF structure allows for better price discovery and liquidity for Ethereum, making it a more attractive investment opportunity for traditional finance players. The Surge in Online Activity for Ethereum Since the conversion of Grayscale Ethereum Trust to a spot ETF, there has been a notable increase in…

The BitGet Wallet’s Rapid Growth and Key Drivers The BitGet wallet has experienced remarkable growth, with its user base doubling to 30 million in less than a year. In July 2024, the wallet surpassed MetaMask in global application downloads, with over 1.7 million downloads – a 140% increase from the previous month. Meme Coin, TON Ecosystem, BWB Token: Key Factors Behind BitGet Wallet’s Success The platform’s growth can be attributed to its advanced on-chain trading capabilities, particularly in memecoins. BitGet has emerged as a leading wallet in the meme coin ecosystem, offering features like smart money tracking, automatic slippage, zero…

Bitcoin Weekday Trading Volume Concentration Bitcoin trading volume and liquidity are heavily concentrated on weekdays, with Friday being the busiest day for transactions. This phenomenon is partly attributed to the presence of Exchange-Traded Funds (ETFs), which allow investors to trade Bitcoin on traditional stock exchanges. As a result, the trading activity tends to peak during the weekdays when the stock market is open, leading to increased liquidity and volatility in Bitcoin prices. The Impact of ETFs on Bitcoin Trading ETFs have played a significant role in shaping the trading patterns of Bitcoin. These investment vehicles offer investors a convenient way…

Encino Community Seeks Justice After Hit-and-Run Driver Causes Chaos Residents of an Encino community are reeling after a hit-and-run driver crashed into six parked cars over the weekend, leaving behind a trail of destruction. The incident, which occurred on August 10, 2024, on Killion Street, has left residents hoping for justice as they face the aftermath of the reckless driver’s actions. Chaos and Damage Unfold on Killion Street In the early hours of the morning, surveillance footage captured the shocking events as the driver of a pickup truck careened down Killion Street, slamming into parked cars with tremendous force. The…

Challenging the Airport Terrorist Watch List: Palestinian-Americans Speak Out In a recent development, two Palestinian-American men have taken a stand against what they believe to be unjust treatment at the hands of airport security in the United States. Mustafa Zeidan, a resident of Southern California, and Osama Abu Irshaid of Virginia have filed a federal lawsuit challenging their placement on a terrorist watch list. They claim that their criticism of the Palestinian war has made them targets for discrimination. Unjust Treatment at Airports Zeidan and Irshaid have both experienced difficulties while traveling. Zeidan has been placed on the “no-fly” list,…

The Terrifying Collapse of Three Arrows Capital The Lawsuit for $1.3 Billion The liquidators of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have taken legal action seeking $1.3 billion in damages from Terraform Labs. This lawsuit is part of the ongoing efforts to recover funds from creditors after the liquidation of Three Arrows Funds. The losses suffered in 2022 when tokens TerraUSD and LUNA plummeted led to the lawsuit, alleging market manipulation by Terraform that resulted in a catastrophic collapse. The Impact on Digital Assets The liquidators believe that the collapse of LUNA had a significant impact on…

iVest Vulnerability Attack: A Threat to Millions of PCs iVest, a popular financial platform, recently fell victim to an “empty address” vulnerability attack that has put millions of PCs at risk. This attack, carried out by malicious hackers, exploits a flaw in iVest’s security system, allowing the attackers to gain unauthorized access to users’ personal information and funds. Furthermore, the malware used in this attack is deemed “unremovable” by cybersecurity experts, making it extremely difficult for affected users to eradicate the threat from their systems. As a result, many individuals who have used iVest may find themselves in a precarious…

Impact of Democratic Party’s Cryptocurrency Policy on U.S. Presidential Election Cryptocurrency venture capital firm Paradigm has predicted that the Democratic Party’s stance on cryptocurrency will be a crucial issue in the upcoming U.S. presidential election. According to a recent poll conducted by Paradigm, the Democratic voters’ views on cryptocurrency could play a significant role in determining their support for the party’s nominee. Changing Trends in Democratic Voters’ Crypto Investment Preferences The survey revealed an interesting trend among Democratic voters regarding their cryptocurrency investment preferences. A significant percentage of Democrats, especially those who have invested in cryptocurrencies, expressed a strong inclination…

Protecting Your Assets: The Latest Crypto-Sec News The recent news of iVest falling victim to an “empty address” vulnerability attack has sent shockwaves through the cryptocurrency community. This incident highlights the importance of robust security measures in safeguarding your digital assets. Additionally, the threat of “unremovable” malware targeting millions of PCs serves as a reminder of the ever-present dangers in the digital landscape. Understanding the Risks: Crypto-Sec’s Warning Web3 gamers, in particular, need to be vigilant in light of recent reports of a sophisticated scam that tricked users into unwittingly approving a transaction worth $69,000. This serves as a stark…