Analysis Crypto by Thebittimes.Com

Nearly a billion dollars in token unlocks are set to hit crypto markets in August, according to the latest numbers. Citing data from TokenUnlocks, blockchain reporter Colin Wu reports that over $900 million in unlocks are ready to be released next month. Some of the largest unlocks include those from decentralized exchange (DEX) dYdX, layer-one blockchain Sui, and Ethereum (ETH) layer-2 Arbitrum (ARB). The largest token unlock in the next seven days is from the cross-chain interoperability protocol Wormhole, which will release $154 million in W tokens representing 33% of the supply. Analytics firm IntoTheBlock recently reported that projects like Sam Altman’s “proof-of-person” project Worldcoin (WLD), decentralized finance (DeFi) platform Stargate Finance (STG) and layer-2 blockchain Mantle (MNT) have daily token unlocks that represent relatively large percentages of their market cap, according to the firm’s data. The firm noted that the price performance of WL...

United States Vice President Kamala Harris’s advisers are taking steps to bridge the gap and improve the strained relationship between the Democratic Party and the cryptocurrency sector. According to recent reports from the Financial Times, Harris’s team has initiated dialogue with major firms in the crypto industry, including Coinbase, Circle, and Ripple Labs. This outreach aims to foster a more collaborative relationship between the government and the digital assets sector. Taking steps towards a more favorable environment could mean a simpler investing process and a better environment for crypto investors in general. With things changing for the better, diversifying portfolios now could prove fruitful, so this article will cover seven cryptos making huge waves on the market already! >>>Buy The Best Coin Now<<< ...

As the cryptocurrency market shows signs of recovery, several digital assets are nearing significant market cap milestones. Among them, Chainlink (LINK) and Polkadot (DOT) stand out as prime candidates projected to surpass the $10 billion mark in the coming weeks.  These predictions are based not only on the continuation of the bull run but also on factors like high supply inflation, which could drive market cap growth even with minimal price movements. Picks for you AI predicts Solana (SOL) price post-SEC pivot on Binance case 38 mins ago Here’s why XRP could hit $18 in September, according to analysts 2 hours ago 3 stocks to buy if ...

Author: Web3Mario Translation: WuBlockchain Abstract: I came across an interesting piece of information about Compound being subjected to a governance attack. Having been involved in DeFi for quite some time, this piqued my interest, and I decided to delve deeper into the details behind this event. I will break down the implementation details and share them with you. In summary, the governance attack on Compound involved a DeFi whale attempting to forcibly seize governance control of idle Comp tokens in the Compound Treasury through governance voting, thereby gaining full control over the Compound protocol. The Legendary Whale Humpy Strikes Again, After Successfully Seizing Control of Balancer This is not the first time this legendary whale has made a move. Previously, during the DeFi Summer of 2022, the whale carried out a governance attack on Balancer. By acquiring a large amount of BAL governance tokens and leveraging Balancer's veBAL mechanism, the whale gained control over th...

A leading crypto firm is making use of the leading blockchain oracle service in an effort to increase transparency. According to a new announcement from 21Shares, the firm’s Ethereum (ETH) exchange-traded fund (ETF) is utilizing Chainlink’s (LINK) Proof-of-Reserve (POR). “Exciting news! 21Shares has integrated Chainlink Proof of Reserve (PoR) on Ethereum to increase the transparency of the 21Shares Core Ethereum ETF’s (CETH) reserves. This integration of Chainlink’s Proof of Reserve ensures investors have real-time visibility into the Ethereum reserves backing CETH and aims to set new standards in digital asset transparency and security.” Chainlink’s POR allows anyone to verify the ETF’s reserve data and reserve history. Chainlink’s POR integration comes only a week after the first Spot Ethereum ETF launched in the United States. Last Tuesday morning, ETFs from BlackRock, Fidelity, 21Shares, Invesco, Franklin Temp...

Following a weekend full of important moments and developments for the asset, Bitcoin has returned to the $70,000 level, but why has BTC exploded today? The token hasn’t returned to the level since early June of this year. Just three months prior, it had set its all-time high of $73,000. The leading cryptocurrency has increased more than 14% in the last 30 days, according to CoinMarketCap. Moreover, in the last 24 hours, it has increased almost 3%, currently trading at $69,959 as it tempts to go even higher. Many of the weekend’s festivities seem to have encouraged its most recent rally. BREAKING: $70,000 #Bitcoin — Watcher.Guru (@WatcherGuru) July 29, 2024 Also Read: Bitcoin Whales Bet Big Amid Japan’s ETF Approval Buzz BTC Hits $70,000 to End July, But Why? Earlier this year, critical steps in Bitcoin adoption caused the asset to surge in value. Specifically, the approval of the first Spot Bitcoin ETFs in the United States proved to be a massive game changer. The par...

Ripple is responsible for developing the XRP Ledger (XRP) and is the token’s largest holder, whose actions impact its price. On August 1, the company will unlock another 1 billion XRP from the initial distribution, potentially creating relevant selling pressure. Notably, Ripple has done these unlocks every month since implementing the escrow system in 2017, locking 55 billion XRP. Right now, around 44.02 billion XRP are still locked into these escrows, waiting to enter circulation through Ripple sell-offs. The next escrows will end on July 31, releasing the tokens with a $600 million nominal value by press time. However, Ripple may re-lock the most part of it, as happened in previous months. Picks for you Bitcoin's 13-year trend predicts when BTC will peak at $200,000 2 hours ago ...

The BRICS alliance is moving all its cards to place national currencies ahead of the US dollar for global trade. Many ideas are being shared by member nations on how to embolden national currencies against the US dollar. The new BRICS member Iran has provided the alliance with a new option to integrate national currencies in mutual financial settlements. Russia is impressed with the idea while the other members are yet to provide their answer. Also Read: BRICS Officially Announces Financial System Similar to SWIFT The option to use national currencies among member nations will most likely be discussed in the upcoming BRICS summit. Iran will take the lead in convincing other members to create a payment mechanism to make national currencies the main payment option for cross-border transactions. Iran Looking To Make BRICS Consider National Currencies For Trade Source: Financial Tribune The payment infrastructure that Iran plans includes clearance systems and messaging options similar ...

Activist short-seller Andrew Left of Citron Research, who regularly accused firms of securities fraud, has been charged with engaging in securities fraud. This indictment comes a little over two years after Left stated, “crypto is just complete fraud.” Alongside this indictment, the US Securities and Exchange Commission (SEC) has also filed a complaint that echoes similar allegations and charges him with violating federal securities laws.  The US J US tice Department (DoJ) alleges he made at least $16 million and the SEC alleges he made approximately $20 million in ‘illegal trading profits.’ The alleged scheme involved Left issuing reports or tweets that encouraged his followers to either purchase or sell certain securities. He would also include a ‘price target’ that he expected the security to reach. When the prices started moving in response to the communications from Left, he would allegedly start unwinding his positions. This type of schem...

The Non-Playable Coin price surged 16% in the last 24 hours and 64% in a week to trade at $0.02916 as of 03:32 a.m. EST on trading volume that surged 23% to $6 million. Non-Playable Coin Price Surging Over The Cup And Handle Pattern Non-Playable Coin Price Chart Analysis Source: GeckoTerminal.com The Non-Playabe Coin price has been on a downtrend since the end of June to mid-July, as it found support around $0.012, according to data from GeckoTerminal . NPC price then rebounded, surpassing the $0.028 resistance. However, the price of Non-Playable Coin went down through a retrace back to $0.023 and rebounding back to the resistance zone, forming the handle part of the cup and handle pattern. The bulls aim to capitalize on the cup and handle pattern to stage a bullish rally to the upside, with the target set at $0.0450. The 50-day SMA crosses above the 200-day SMA, which increases the bullish prospects of the price. NPC price also trades well above both the 50-day and 20...