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Crypto SMAs are increasingly favored by wealth managers for their tax optimization, direct ownership, and professional management. They offer investors the ability to hold digital assets directly under their name, promising benefits like tax optimization and 24/7 liquidity. They also ensure rigorous security with institutional-grade custodians.

Recent price increase of the Solana coin is driven by Visa’s expansion into stablecoins and integration of the Solana blockchain. Despite its downs, the coin’s indicators suggest a possibility for an upward surge. Visa’s decision recognizes Solana’s potential to be Ethereum’s competitor, which could further boost its growth.

“In the backdrop of economic instability and Bitcoin ETF evaluation, Ethereum has seen a 5% loss in the last week. Despite recent falls, significant indicators like the 30-day moving average and relative strength index suggest a phase of correction and recovery. Ethereum’s dominance in DeFi, total value locked, and recent PayPal stablecoin announcement also paint a hopeful future for the cryptocurrency. However, investors looking for quicker gains might consider new altcoins like Wall Street Memes (WSM).”

“Despite a slight market dip, Dogecoin (DOGE) showed potential stability with a 2% gain in the last 24 hours. However, its overall gains remain modest and investors remain uncertain. Developments like DOGE-based swaps on Robinhood and potential Twitter integration could boost its adoption, yet the road ahead is still unclear due to a potentially oversaturated meme-token market.”

Arthur Hayes, former CEO and co-founder of Bitmex, anticipates a response to the BTC bull market within six to twelve months. This expectation is connected to the Federal Reserve’s $25 billion program meant to stabilize the U.S. banking system. Meanwhile, Ethereum faces challenges around the centralization of nodes and scalability.

“BTC enters September at a critical juncture, with assumptions of a possible ‘double top’. Some predict bearish downslide to $23,000, while optimists strive to revive market momentum. A promising scenario emerges as 40% of BTC supply lies dormant for three years, potentially leading to a price rise due to demand-supply competition.”

“The cryptocurrency market dips as BTC slumps towards a two-week low. However, experts suggest this downside risk could hold potential favoring points for traders. On-chain monitoring suggests possible losses in September, but a surprise rally could also take place, proving the market’s volatility.”

Despite the downturn in cryptocurrency prices, Maker (MKR) saw a significant rise due to modifications made to its lending rates in its core strategy. This reflects in MakerDAO’s recent bounce back to profitability, contrasted by a crypto market drop. The platform also launched a token buyback plan, boosting investor profits. Nevertheless, caution in investing practices is advised due to the unpredictable nature of the crypto space.

“Bitcoin (BTC) holdings on centralized exchanges have decreased by 4%, reflecting a growing trend of traders using private wallets. This shift may mitigate massive sell-offs, but also raises concerns for new users dependent on exchanges. Recent security breaches have foregrounded the need for self-custody measures, as the crypto market undergoes a key metamorphosis.”

“In this era of volatility, the potential Evergrande bankruptcy could have a silver lining for the crypto market. Even though insolvencies like Evergrande might signal trouble for risk-driven assets, it could shift investors toward Bitcoin. However, new scams like the disappearance of 16 trillion Pepecoin tokens highlight the need for crypto holders to remain cautious and scrutinize investments.”

XRP has dipped 28% recently due to market sentiment and macroeconomic uncertainties. Despite its oversold status, the crypto asset has shown resilience, potentially offering a good opportunity for investors. However, XRP’s future still holds uncertainties, with conflicting market indicators and the possibility of dropping below $0.50.

“Indian cryptocurrency platform CoinSwitch reduced its customer support division by over a third due to decreasing market activity, affecting 44 employees. This follows the company’s expansion where it hired around 60 individuals to increase overall efficiency. The dwindling cryptocurrency market and rigorous Indian tax policy are core factors behind these changes.”

“In today’s tumultuous crypto market, investors explore suitable cryptos to invest in during the enduring bear market. Bitcoin’s challenges illustrate sector volatility; however, interest from global governments and institutions like BlackRock provide optimism. Cryptos like THORChain, Wall Street Memes, dYdX, Sonik Coin, and Bitcoin SV show promising fundamentals and bullish outlooks.”

“With the Bitcoin price showing uncertainty and the upcoming close of August potentially leading to a downturn, concerns grow amongst traders and analysts. The bear market’s impact lingers, despite the growth of Bitcoin’s hash rate to an all-time high, suggesting a possible miner’s bull run. However, Bitcoin’s performance may remain volatile with September’s historically weak performance approaching.”

“Tether maintains its dominant position in the stablecoin market despite competition and regulatory challenges. With total assets at $86.1 billion, it demonstrates economic robustness, outpacing competitors such as USD Circle, and shows growing appeal among investors while weathering recent regulatory fines and market events.”

“Tether’s market capitalization stands at $86.1 billion, with total assets exceeding liabilities, signifying stability and dominance over its competitors. Despite facing regulatory scrutiny and skepticism, Tether remains popular among investors due to its transparency and surplus reserves.”