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Also, as per the historical trends, the Bitcoin (BTC) price has entered a strong rally every time the volatility has been subdued. Crypto analyst CrediBULL crypto noted: “8 out of 9 times volatility was this low we saw expansion to the upside. The one time that we didn’t was after 6 months of consolidation that followed the 2017 parabolic blow-off top”. advertisement Courtesy: Alex Kruger As of press time, Bitcoin is trading 1.73% down at a price of $28,881 with a market cap of $561 billion. However, if history is to repeat itself once again, This Bitcoin price consolidation could serve as fuel for the next BTC price rally. Furthermore, new players have continued to join the Bitcoin ecosystem with 5 million wallets created over the last year. Over the past year, more than 5 million wallets holding # Bitcoin have been created. Imagine the entire population of Costa Rica, Palestine, or Singapore buying $BTC in just 12 months. pic.twitter.com/9OrnJYEpHI — Al

Shiba Inu, a notable meme coin and the second-largest in the cryptocurrency space, has become well-recognized within the community. The team behind SHIB has shown dedication to its growth, exemplified by initiatives like the Shiba Inu Burn program. The Shiba Inu burn rate has garnered attention due to its fluctuating patterns. Some days experience significant increases, while others show a decline. Nevertheless, in recent times, the burn rate has maintained a relatively steady pace, with millions of SHIB tokens being burn ed on a daily basis. Also read: Shiba Inu Price Prediction (SHIB): July End 2023 According to the latest details from Shib burn ’s Twitter account, the burn numbers have gone down to 268,198,181 SHIB in the last seven days. In the last 7 days, there have been a total of 268,198,181 $SHIB tokens burn ed and 107 transactions. pic.twitter.com/b2rQuzHxSE — Shibburn (@shibburn) July 30, 2023 Shiba Inu burn rate dropped in the last seven days Detai

XRP remains an attractive digital asset to crypto investors despite the recent price pullback. Kaiko’s data shows that XRP’s volume-to-open interest ratio remains above average on most exchanges. XRP’s traded volume spiked after Ripple won the case against the SEC. Ripple’s XRP remains an attractive digital asset to crypto investors despite the recent price pullback. Information from Kaiko, the market data platform, shows that the perpetual futures volume-to-open interest ratio remains above average on most exchanges. That is a signal for sustained interest among speculators in the crypto market. #XRP perpetual futures volume-to-open interest ratio remains above average on most exchanges, signalling sustained speculative interest. pic.twitter.com/SYDOUvD2EV — Kaiko (@KaikoData) July 27, 2023 Kaiko’s recent tweet showed the XRP Volume to Open Interest Ratio across four crypto exchanges for the past month. The crypto exchanges featured by Kaiko include Bi

Kyrgyz President Sadyr Japarov promised to distribute money from crypto mining at the hydropower plant to “ordinary people.” The Kyrgyz Republic, a central Asian state bordering China, is reportedly growing its cryptocurrency mining powers with support of the local government. Kyrgyz President Sadyr Japarov has given a nod to building a crypto mining farm at a hydroelectric power plant, Kyrgyzstan’s national news agency Kabar reported on July 27. The government of Kyrgyzstan plans to spend up to $20 million to build a crypto currency mining facility at the Kambar-Ata-2 Hydro Power Plant. According to the president, running a crypto mining farm will allow the government to avoid energy losses associated with non-used power from the power plant, the report said. Since launching Kambar-Ata-2 in 2010, Kyrgyzstan has lost 6.8 billion kilowatt-hours (kWh) of energy due to this issue, Japarov reportedly said. By establishing the mining farm, the Kyrgyz government will be able to deploy the

Also Read: XRP Holder’s Lawyer Reveals One Unique Thing About His Clients advertisement On July 13, 2023, the judge had ruled that the XRP token is only a security when dealing with institutional investors and not selling to retail investors. This effectively meant that Ripple did not violate the federal securities law by selling its XRP token on public exchanges. Consequently, many United States based crypto exchanges like Coinbase had relisted the XRP token on their platforms. Gary Gensler Mum On XRP Ruling In what appears to be a strategic silence maintained by Gensler, he had literally dodged the question saying the US SEC is yet to take a decision on the ruling against the Summary Judgment. However, he maintained that the Crypto Market continues to violate the securities laws, despite the XRP ruling. Bloomberg TV just interviewed Gensler for ~10 minutes. Obviously crypto was a topic. But Gensler didn't really give a ton of meaningful or new

Also Read: XRP Perpetual Futures Volume Data Signal Massive Price Rally Above $1: Kaiko advertisement Chainlink Whale Action: Next Price Target According to on-chain data from Santiment, Chainlink had on July 26, 2023 “jumped ahead of the altcoin pack” thanks to massive transaction volumes. Compared to the $211 million in trading volume the previous day, LINK had a more than 100% jump at $344 million volume on July 26. The Chainlink price is being boosted by heavy whale accumulation. So far in 2023, the altcoin recorded the highest amount of transactions, worth over $1 million. Also, crypto addresses holding 100,000 to 10 million $LINK coins are continuing to accumulate the coins at a rapid pace. Meanwhile, the LINK coin’s recent breach of resistance at the $7.7 level brings to the forefront the new resistance level at $9, CoinGape price Analysis said. Chainlink 's CCIP aims to connect all blockchains into one. Recommended Ar

Worldcoin (WLD) launch creates a whirlwind of frenzy in the crypto community. Concerns emerge over potential coercion and security risks associated with the iris scanning process. OpenAI CEO said one person gets verified every eight seconds. A whirlwind of frenzy swept the crypto community as Sam Altman, the CEO of OpenAI, took to Twitter to share the progress of Worldcoin (WLD) on its third day of launch, where users are seen standing in a long queue to get verified. “Crazy lines around the world,” he exclaimed, detailing the pace at which verifications occurred: one person every eight seconds. The accompanying video showcased a scene with crowds of young enthusiasts forming long queues, eagerly awaiting their turn to undergo iris scans for the promise of receiving free WLD tokens. day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3 — Sam Altman (@sama) July 26, 2023

Options are running out in Europe for Binance. A month after regulators in Germany told the controversial crypto exchange they won’t be granting a crypto custody license, Binance has officially withdrawn its application. “The situation, both in the global market and Regulation , has changed significantly,” a Binance spokesperson explained on Wednesday. They added that the firm “still intends to apply for appropriate licensing in Germany , but it is essential that our submission accurately reflects these changes.” The move is the latest European blow to Binance . The crypto exchange is under investigation in France , where its EU headquarters are based. It was forced to exit the Netherlands last month after failing to receive a license from its central bank. The firm directed customers to its local broker, Coinmerce, which raised concerns that Binance wasn’t truly exiting the country. Scoop: EU officials suspect Binance is faking accounts in Ireland and Malta Read more: Binan

CertiK, a leading blockchain security firm, has issued an urgent Skynet Alert after receiving multiple reports of the defi platform Era Lend falling victim to an exploitation on zkSync.  Losses are currently estimated to be around $3.4 million. Another hacking CertiK, a blockchain security technology company that frequently tweets about vulnerabilities, hacks and exploit s in the space, identifies the attack as a “read-only reentrancy attack,” strategically targeting the platform ’s multi-step processes, allowing the malicious actor to drain the funds while leaving little to no trace. By definition, a “read-only reentrancy attack” is a method used by hackers to disrupt the natural flow of transactions within a smart contract. The attacker interrupts a series of operations and then manipulates the contract to continue executing malicious actions without updating its state. #CertiKSkynetAlert We are seeing reports that @Era_Lend has been exploited on zkSync Total losses appear t

After Sam Altman’s ChatGPT made a significant impact during its launch, his cryptocurrency venture, Worldcoin , appears to be following a similar path. Shortly after its launch, Worldcoin gained substantial popularity. While this is undoubtedly advantageous, the fact that it has attracted the attention of regulators in the United Kingdom is a cause of concern. According to a recent report, the Information Commissioner’s Office [ICO], the data regulator of the U.K., has taken notice of the Worldcoin launch. The regulator stated that it will thoroughly review the project and conduct further inquiries to assess its compliance with data laws. An ICO spokesperson said, “We note the launch of Worldcoin in the UK and will be making further inquiries.” On Monday, July 24, Worldcoin was officially launched with a user base of two million participants from its trial phase. The crypto project has expanded its iris-scanning operations to 20 countries, with locations in London being a

Also Read: UBS To Pay US Fed $268.5 Mln Fine Over Credit Suisse Misconduct advertisement Probability Of Bitcoin ETF Approval Fundstrat’s Sean Farrell noted that there could be multiplier effect on the Bitcoin network once the ETFs begin to operate. He predicted that there is a 75% chance of a spot Bitcoin ETF approval in the near future. In June 2023, the likes of BlackRock, Fidelity, Citadel and Valkyrie have filed for spot ETF applications. We anticipate a Bitcoin ETF would attract new investors and generate increased demand for Bitcoin, he stated in a note accessed by Business Insider. Also, the firm believes the Bitcoin halving event scheduled for around April 2024 along with the Blackrock Bitcoin ETF could trigger a major rally for the top cryptocurrency. The halving event cuts down the block rewards given to miners for processing transactions on the Bitcoin blockchain by half, driving scarcity of the cryptocurrency. BTC Price Prediction The re

On-chain analyst highlighted several milestones achieved by Bitcoin since its creation. Checkmate’s analysis covers the total number of blocks mined on the Bitcoin network. According to Checkmate, miners have produced 800,000 blocks on the Bitcoin network. Glassnode’s lead on-chain analyst has highlighted several milestones achieved by Bitcoin. since its creation over fourteen years ago. The analyst, posting on Twitter under the username Checkmate, shared the total number of blocks mined on the Bitcoin network since its inception, among other statistics about the pioneer cryptocurrency. #Bitcoin block 800,000 has just been mined! A quick on some #Bitcoin network stats up until this point: A total of 19.437M $BTC have been minted, and 268.7k $BTC in fees paid out to miners. Live Dashboard: https://t.co/XJELLsAaGF pic.twitter.com/BixVHYuJmr — _Checkɱate ️️ (@_Checkmatey_) July 24, 2023 According to Checkmate, miners have produced 800,000 blocks on the Bi

Benjamin Cowen revealed that he believed that altcoins could still drop by 40%-50% against BTC. BTC’s dominance stood at 48.54% after it increased by 0.27% over the past 24 hours. The total altcoin market cap was resting on the crucial support level at $575.048 billion at press time. The CEO and co-founder of Into The Cryptoverse, Benjamin Cowen, predicted on Twitter earlier today that the “altcoin reckoning” is not over yet. Cowen also forecasted that altcoins may drop 40%-50% against the crypto market leader Bitcoin (BTC). Altcoins still likely to drop 40-50% against #BTC before the altcoin reckoning is over. We had the SEC vs. Ripple news and BTC dominance has so far held the prior breakout level of 49%. It’s about liquidity more than anything, and that continues trending down. pic.twitter.com/MDftLsVav8 — Benjamin Cowen (@intocryptoverse) July 23, 2023 With regards to what happened to the cryptocurrency market over the past 24 hours of trading, Coin

The top 100 DeFi tokens had a mixed week, with most of the tokens continuing to trade in a similar range as the previous week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi saw new advancements in zero-knowledge proofs (ZK-proofs) as a scaling solution as more DeFi protocols embraced the technology. A new United States Senate DeFi bill attracted a lot of scrutiny — though not necessarily of the positive kind — as many stakeholders came out to slam the “unworkable” legislation. The CEO of the dydx Foundation made a bold prediction that centralized exchanges will eventually become a gateway for DeFi, while Polygon 2.0 laid the groundwork for decentralized governance. The top 100 DeFi tokens had another mixed week of ups and downs, with most tokens continuing to trade in the same range as the previous week. Centralized excha

Elon Musk posted on Twitter this past Wednesday to hype up Dogecoin (DOGE). This caught investors’ attention as DOGE was one of the only top 10 cryptocurrencies that posted a 24-hour gain. Technicals suggested that DOGE may rise to $0.07409 in the next 24-48 hours. The DogeFather, Elon Musk, hyped up Dogecoin (DOGE) in a tweet made on Wednesday. Although not much was said in Musk’s tweet, it certainly caught the attention of DOGE investors as the meme coin was one of the few top 10 cryptocurrencies that saw its price rise over the past 24 hours of trading. Doges ftw pic.twitter.com/bl0trQ7BdU — Elon Musk (@elonmusk) July 19, 2023 CoinMarketCap indicated that, at press time, DOGE was worth about $0.07245 after its price increased by more than 2% over the past 24 hours. This meant that DOGE was trading just below its daily high of $0.07275. Musk’s influence on the crypto market was once again evident as most other top 10 altcoins including Cardano (AD