Month: August 2023

“Momentum Capital recently received $10M from BM Fund aimed at expanding their team and investing in early-stage Web3 ventures. Despite market uncertainties, both entities show confidence in the future of crypto, particularly Web3 technologies showcasing inherent value.”

This article discusses theories around sudden Bitcoin price drops, with factors like governmental regulations, exchange manipulations, and whale movements. It highlights the speculation around BlackRock’s influence on Bitcoin’s price, possibly benefiting from reducing Bitcoin’s price before launching its own Bitcoin ETF. However, it emphasizes that such theories often disregard the complexity and evolving nature of the cryptocurrency market.

“Institutional crypto exchange, EDX Markets, announces its partnership with Anchorage Digital, a renowned regulated crypto platform. EDX will leverage Anchorage’s financial services and infrastructure solutions for its upcoming venture EDX Clearing, aiming to integrate traditional finance structures into the digital asset landscape.”

EDX Markets, a major institutional crypto exchange, is partnering with regulated platform Anchorage Digital. The goal of this collaboration is to bridge traditional finance and the digital asset landscape with the launch of EDX Clearinghouse. This initiative aims to enhance security, governance, risk, and compliance solutions in cryptocurrency.

“Amidst mainstream cryptocurrency market challenges, investors with high-risk tolerance explore fringe cryptos which can yield astronomical intra-day gains. However, these assets carry certain risks like buy and sell taxes, large volume transaction prevention, and trading cool-down mechanisms. Inherent crypto investment risks underscore the need for due diligence before participation.”

Ran Neuner, Crypto Banter’s CEO, calls out Ripple for its centralized structure and the ethics surrounding the company’s conduct regarding its XRP token. His criticism extends to the practice of the centralized company selling tokens to support its own operations, a process he believes favors the company’s shareholders more than the token holders. Despite his harsh viewpoints, Neuner is also recognized for promoting an integrated approach to crypto, appreciating both centralization and decentralization, and advocating ethical, fair practices.

“Optimism, an Ethereum layer-2 scaling solution, is experiencing a recovery rally. Despite a -28.5% slide since May, sentiments are bullish. However, impending resistance areas, particularly the 20DMA, may cause hurdles. It’s also at risk of a downturn if there are SMA rejections. The future could go either way, highlighting the 1.14 risk:reward ratio.”

The native DeFi bridge token, RUNE, despite a recent -16% retracement, exhibits signs of a long-term bull market trend through a ‘Golden Cross’ pattern. In the meantime, interest is shifting towards promising ventures like $SONIK, which sports a high staking APY and promotes growth by encouraging holders to keep their tokens for long periods.

Coinbase has acquired a minority stake in Circle Internet Financial and both companies dissolved their Centre Consortium associated with issuing USD Coin (USDC). Amid greater regulatory clarity, Circle will become the sole issuer of USDC and control reserve governance, facilitating its integration on various blockchains. This shifting control indicates wider stablecoin adoption in the crypto economy.

Cryptocurrency exchange Coinbase acquired a minority stake in Circle Internet Financial, causing the dissolution of their Centre Consortium venture, responsible for issuing USD Coin (USDC). Despite this, Circle plans to continue in-house issuance and governance of USDC, which is expanding its support network to include six additional blockchains. Notably, no cash was involved in the transaction between Coinbase and Circle.

Despite a slight dip and decline, Solana (SOL) shows a 110% growth since the beginning of the year, with a potential future rebound. SOL’s current market position suggests it may bottom at $19 to $20 before bouncing back. Solana’s network uptime remains strong amidst market downturns, with a likely gradual climb to $35 by end of 2023.

“Maple Finance, a blockchain-based credit marketplace, has revealed plans to expand into the Asian market, supported by a $5 million investment from firms including BlockTower Capital and Tioga Capital. This move forms part of a growth strategy to extend its technology and create global alliances, primarily within Singapore, Japan, Hong Kong, and Korea.”