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“The cryptocurrency markets are at a pivotal point, with Bitcoin volume reaching a historical low, sparking concerns of a slide to $25K. With potential significant shifts on the horizon, many wonder whether Bitcoin value will rebound from the $28k threshold or plunge into the $25k zone. Regardless, investors are reminded of the volatility and risks of the crypto market.”

“$BALD, a meme coin on Coinbase’s Ethereum layer-2 scaling solution, dropped 90% following rug-pull concerns. The incident emphasizes the risks of meme coins and demonstrates the importance of thorough contract examination using platforms like DEXTools to detect potential scams.”

Japanese blockchain developer, HashPort, recently secured $8.5 million funding. The capital will be used to fortify its operations, compliance system, and team development amid evolving global regulations. HashPort’s operations include blockchain consulting and a public chain for nonfungible tokens (NFTs). Their cooperation with Expo 2025 aims to drive the development of digital wallets and digital passports linked to soulbound tokens.

Bitcoin SV (BSV) surged 11% over 24 hours, marking a 7% weekly gain. Despite being overshadowed by the likes of Bitcoin and Ethereum, technical indicators suggest BSV’s rally might continue. However, with a bleak yearly performance and recent legal setbacks for its co-founder, uncertainty lingers over BSV’s long-term future.

The Base network, a testnet built by Coinbase, is witnessing substantial profits through potentially risky trades, one example being the “bald” token (BALD). Market successes hint at high investor trust, but the crypto market’s volatility, coupled with practices like ‘calls,’ raises concerns about the sustainability of such investments. Market liquidity is increasing but there are obstacles, including the unidirectional flow of funds. The uncertain dynamic illustrates the definitive risks of the crypto landscape.

Worldcoin (WLD) has seen a 70% plunge from its debut price, now stabilizing at around $2.35. This crypto project founded by Sam Altman uses an airdrop linked to eyeball scanning for token distribution. The price of WLD is anchored around $2 until October 2023 due to its initial supply agreement, suggesting an interesting strategy to draw potential users.

“Launchpad XYZ stands out among web3 companies by not only offering trading but also educational content, presale crypto assessments, and branching into gaming and Metaverse. Strong interest in its $LPX token demonstrates confidence in its vision for NFTs, gaming, and beyond.”

While major cryptocurrencies like Bitcoin and Ethereum are relatively stable, high-volatility seekers are turning to the meme coin market. Coins such as Pegasus SniperBot, Scarab, and Ascend Coin have been gaining traction due to their unique features and growth trend. However, these investments often lack broader vision or function and carry significant risk, including buy and sell taxes. Investing in promising pre-sale projects, like BTC20 which aims to emulate Bitcoin on an ecofriendly Ethereum blockchain, can be more secure and rewarding. But, potential investors must always evaluate the risks involved in this high-risk asset class.

BlackRock, along with Fidelity and Ark Investments, have filed for Bitcoin spot ETFs potentially signalling a new wave of institutional investments into digital assets. This would grant investors direct access to Bitcoin, possibly cause a price surge, but could also lead to capital outflows from mining stocks to more regulated, potentially profitable Wall Street financial products.

“Venture capital titan, Sequoia Capital, has notably reduced its cryptocurrency fund by over 65%, from $585 million to $200 million, amidst a fluctuating crypto market. The company’s strategic shift involves focusing on nascent start-ups rather than investing in larger firms. This comes as the firm, and other venture capitalists, retract their crypto investments amid turbulent market conditions.”

“Japanese Web3 developer HashPort Group has secured $8.5M in funding, led by Sumitomo Mitsui Banking Corporation, boosting Japan’s evolving Web3 landscape. The funds will assist HashPort to expand, navigate complex regulations, strengthen compliance management, and further blockchain-related endeavors, including NFTs and metaverse games.”

The Telegram-based exchange Unibot is seeing significant investor interest, with its token holders gaining nearly 200 times their initial capital. The platform simplifies on-chain trading, pays dividends in ether (ETH), and has seen user base surge recently. With its user-friendly utility and lucrative fee-sharing model, demand for UNIBOT may likely increase.

“Sequoia Capital has reduced its cryptocurrency investment allocation by a notable 65%, down to $200 million from $585 million, as part of a revised approach influenced by the shifting crypto market’s dynamics. This adjustment reflects a trend of VCs nurturing startups rather than backing mature firms.”

The CME’s regulated bitcoin and ether futures experienced heightened involvement from large traders in Q2 amid financial market volatility, indicating growing trust in such platforms. However, the credibility of key crypto market players is under the scanner as FTX founder Sam Bankman-Fried faces allegations from the DOJ of witness interference. Meanwhile, despite financial struggles, Meta remains committed to its metaverse vision.