Amid the recent regulatory hurdles in the crypto market, Trust Wallet Token (TWT) still managed to show bullish momentum, boasting an impressive growth rate of 22% in the past week. This rapid increase has sparked speculation and curiosity among traders and investors about whether TWT will reach the highly anticipated $1 mark. 

The Surge Of Trust Wallet Token (TWT): Factors And Analysis

Trust Wallet Token is a cryptocurrency associated with the popular mobile wallet for holding/storing digital assets, Trust Wallet. The integration of TronDAO Staking V2 into TrustWallet on June 16 likely positively impacted the price of the Trust Wallet token (TWT).  The feature increased user convenience and utility, attracting more investor confidence, increasing the demand for TWT, and raising its price.

Related Reading: PEPE Sustains Steady Ascent, Fueling Speculation Of Profits

Also, the recent partnership between Trust Wallet and Tezos offering users a free McLaren F1 digital collectible likely positively impacted the Trust Wallet Token (TWT). The development created excitement and increased user engagement, potentially leading to increased demand for TWT and subsequent price growth.

As of the time of writing, Trust Wallet Token (TWT) is exhibiting a bullish momentum, resulting in a 24-hour increase of 2.26%, representing a price mark of $0.9212.

According to CoinMarketCaps data, the trading volume of TWT experienced a significant increase. Specifically, it jumped by more than 13% and reached a value of $19 Million. This notable surge in trading volume suggests that there has been a genuine retail buy-up from members of the Trust Wallet community.

The Prospects Of Trust Wallet Token Reaching The $1 Mark

At present, the Trust Wallet Token is trading above the middle line of the Bollinger Bands indicator, which suggests that the price is currently higher than the average value. This can be seen as a positive sign, indicating potential strength or bullishness in the assets price trend.

Also, the Moving Average Convergence Divergence (MACD) of the Trust Wallet Token ($TWT) is above its signal line, and the histogram bars display green, signifying a robust bullish signal. The combination of these indicators suggests a st...

Zero knowledge rollups hold great promise for scaling blockchains but the technology requires certain provisions to ensure its success.

Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)

NFTs might never boom at quite the same pitch they once did. With his first solo show in 25 years, Kenny Schachter sought to demonstrate how thats a good thing.

Speed (Julian Hochgesang/Unsplash)

The IMF is looking at crossborder payments using CBDC (World Bank/Flickr)

Shannon Bray, a gubernatorial candidate in North Carolina next year, has again expressed his love for the meme coin Shiba Inu (SHIB). On Sunday, Bray shared his delight over SHIBs price increase last week (+8.3%). Bray encouraged the SHIB army to keep up the positive momentum and called for further action.

He also urged SHIB enthusiasts to tweet about Shiba Inu throughout the day to generate ongoing excitement. Via Twitter, he wrote:

Ok #shibarmy, lets continue the lil pump from today. Tweet $shib and #SHIB all day! Build some excitement. After all, thank goodness we arent PEPE. Theyll never be on Robinhood.

Today Bray followed up with a partial apology to PEPE holders: Sorry $pepe holders. Didnt mean any offence. However, he justified his statement and explained that he does not expect Robinhood to host any other community token in the near future.

Therefore #shib has a huge advantage on market recovery. $shib is on just about every exchange. Im hoping yall [PEPE] pump as well, the North Carolina gubernatorial candidate wrote.

Related Reading: Shiba Inu (SHIB) Burn Rate Suffers 87% Decline In Single Week

Bray already caused a stir last week when he announced via Twitter that he will buy Shiba Inu (SHIB) with his next paycheck. According to Bray, nothing else will ever regain the traction that Shiba Inu has accumulated. Furthermore, Bray believes that people who have left the SHIB community will return because of Robinhoods presence.

Trend Reversal For Shiba Inu Price Remains Pending

Despite all the excitement about SHIBs recent rally, it should be pointed out that the price is still in a bearish trend. A look at the 1-day chart shows that SHIB has been stuck in a descending trend channel since the local high of $0.00001588 on February 4 this year.

Over the past more than four months, Shiba Inu has failed to write higher highs while the price has written lower lows. SHIB is thus stuck in a descending trend channel. At the current price of $0.00000715, SHIB is trading in the mid-range of the trend channel. For now, it is important to break this level to start a push to the upper end.

The following two scenarios are conceivable: If the Shiba Inu bulls manage to break through the mid-range, the 23.6% Fibonacci retracement level at $0.00000834 comes into focus. It is likely that SHIB will first experience a retracement before the price level can be penetrated.

The Fibonacci retracement level may then also meet the upper end of the trend channel. This point in time would be c...

The proposal received mixed reactions from the crypto community, with some users stressing that it would make the network more centralized.

(CoinDesk)

Developers have proposed increasing the validator limit. (Getty)

Bull (Shutterstock)

The vulnerability dubbed HamsterWheel traps nodes in an endless loop similar to hamsters jogging on a wheel.

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This is an opinion editorial by Robert Hall, a content creator and small business owner.

Over the last few weeks, Ive noticed a disappointing trend that has divided the Bitcoin community into two warring factions. On one side, the Bitcoin transaction maximalists believe that Bitcoin Layer 1 should be used purely to process transactions. On the other side of the spectrum, the Ordinal enjoooyers want to use Bitcoins Layer 1 to inscribe arbitrary data and generally want to experiment with the base layer.

I personally dont have a dog in this fight. I think both sides make compelling arguments for their use cases. The purpose of this article isnt to say one is right and the other side is wrong, it is to raise the alarm about what happens if the infighting continues and how this could hinder the movement.

Sympathy For Bitcoin Transaction Maximalists

The current schism in the Bitcoin community appeared right when Ordinals showed up on the scene in January 2023. The Ordinals protocol essentially allowed for NFTs on Bitcoin. Until then, NFTs were generally left to the Ethereum crowd and their ilk. Ordinals changed that dynamic and brought the creators who were minting NFTs on Ethereum to Bitcoin, and this new influx brought new developers and, of course, higher transaction fees.

As we all know, the Bitcoin blockchain is not optimized for speed. This is why we have the Lightning Network and other Layer 2 solutions. The purpose of mainchain Bitcoin is to transfer value ultra securely and consistently. The Bitcoin network has an uptime of 99.98%, which is a remarkable achievement. This is exactly what we want in a base money that can be trusted: not to debase over time.

When new participants come into the Bitcoin ecosystem and want to transact on the network, inevitably, transaction fees are going to go up. It comes down to the simple issue of supply and demand. With every block, there is only a limited amount of block space, so users have to compete to get their transaction into the next block.

This leads to users getting outbid and having their transaction action languish in the mempool or priced out of sending a transaction in the first place.

As someone who is lucky enough to live in the Western world, this isnt a huge deal for me because I can wait fo...

ZachXBT, a highly respected blockchain sleuth, has sparked an outpouring of support from the cryptocurrency community after revealing a defamation lawsuit stemming from one of his previous investigations. 

In a remarkable show of solidarity, donations exceeding $1 million have flooded in from crypto enthusiasts across the globe, rallying to fund his legal defense.

Taking to Twitter, ZachXBT shared a digital wallet address on Friday, accompanied by commentary detailing the lawsuit filed by Jeffrey Huang, known online as Machi Big Brother.

Huangs claim centers on an article published by ZachXBT a year ago, wherein he accuses Huang of embezzling millions of dollars worth of Ethereum from Formosa Financial, a defunct crypto treasury management platform co-founded by Huang.

A year ago, @zachxbt published a Medium article about me that damaged my reputation. Today, I have filed a defamation lawsuit against him in the United States District Court for the Western District of Texas.

Machi Big Brother (@machibigbrother) June 16, 2023

Crypto Community Rallies For ZachXBT

ZachXBT has expressed that his legal defense could potentially exceed the staggering sum of $1 million. Notably, the digital assets amassed in the wallet shared by ZachXBT have already surpassed this target, consisting mostly of stablecoins, as revealed by Nansen Portfolio.

Highlighting the financial dynamics at play, ZachXBT remarked:

My understanding is that Machi is very wealthy. I am not. He is using his money to try to silence me. 

In a remarkable show of support, numerous crypto executives have stepped up to contribute to ZachXBTs cause, commending his invaluable contributions to the crypto and Web3 industries. 

Jesse Powell, the co-founder of Kraken, extended his gratitude, acknowledging ZachXBTs impactful work and pledging a donation of 10 Ether (ETH), equivalent to approximately $17,000.

In for 10 ETH. Thanks for all that you do. Good luck.

Jesse Powell (@jespow) June 18, 2023

Binances deregistration with the FCA did not have an operational impact, as it had never done business in the United Kingdom, a regional manager said.

The countrys financial secretary says state funding and support have helped draw Web3 innovators to the digital hub.

(Jack Schickler/CoinDesk)

GAMI, a Web3-focused Venture Builder, hosts a variety of products tailored to the web3 and blockchain world, with partners like Gerard Lopez, a globally renowned entrepreneur and investor.

The CEO of Animoca Brands, Robby Yung, spoke with Cointelegraph at the Proof of Talk blockchain conference in Paris about the future of AI and blockchain in gaming.

(Shutterstock)

PEPE is now on the verge of a remarkable resurgence. After facing a decline in popularity, the meme coin seems to be reclaiming its former glory. 

With each passing day, this popular meme token seems to be clawing back all its losses, generating buzz among enthusiasts and observers alike. At the time of writing, PEPEs price has seen a remarkable seven-day increase of nearly 10%.

But what exactly lies behind this newfound momentum? How has PEPE managed to overcome its tumultuous past and forge a path towards redemption?

Is A Rebound In The Offing For PEPE?

Amidst recent market fluctuations, PEPE enthusiasts have found renewed hope as the price of the iconic meme character experiences a significant surge.

Recent price report on PEPE indicate a strong bullish reversal from the support level of $0.00000084, with buyers seizing the opportunity to maximize their investments.

The surge in PEPEs value has been further fueled by Bitcoins rise to the $26.5k price zone during the same period, providing additional encouragement to PEPE bulls. As a result, investors are now speculating on the potential for further price gains in the short term.

As of the latest update, CoinGecko reports that PEPEs price has climbed to $0.0000009421, reflecting a weekly rally of nearly 10%. 

Breaking Bearish Trends, Facing Resistance

The recent surge in PEPEs price has not only brought optimism to its enthusiasts but has also paved the way for a potential bullish reversal. This upward momentum has been accompanied by a breakthrough, as the meme coin managed to surpass the bearish trendline.

This breakthrough highlights the presence of significant buying pressure and further strengthens the belief among PEPE bulls.

...

Bitcoin sentiment is clinging to any optimism it can get just like BTC price performance as a new week of volatility triggers begins.

The tentatively slated Ethereum upgrade Cancun / Deneb for autumn will be a game-changer for layer-2 rollup technologies such as Arbitrum and Optimism. The basis for this will be the Ethereum Improvement Proposal (EIP) 4844, which will be the main code change of the upgrade, as Christine Kim, vice president in Galaxy Digitals research team explained.

Last Friday, 15 June, the 111th All Core Developers Consensus (ACDC) call was held. Chaired by Ethereum Foundation Researcher Alex Stokes, participants finalized the final scope of the upgrade. And EIP 4844 (proto-thanksharding) is being implemented.

Ethereum: Next Upgrade Is Huge For ARB And OP

As Kim writes, EIP 4844 introduces a new transaction type called blobs. This increases the data and storage requirements of Ethereum blocks and creates a new fee market to value blobs separately from regular transactions.

Data blobs are the first milestone for Ethereums full Danksharding, which will allow rollups such as Arbitrum and Optimism a 100-fold increase in capacity. This is realized by allowing nodes to safely process multiple blobs per block than the initial maximum set by EIP 4844.

Importantly, EIP 4844 does not improve Ethereums scalability as a general-purpose blockchain for executing transactions and smart contracts, Kim notes. It does not significantly increase or improve the transaction capacity of Ethereum itself.

However, proto-Danksharding reduces the cost of transferring large amounts of data to Ethereum and thus lowers the operating costs of rollups. This is of equal importance, as recent years have seen a surge in transactional activity from rollups such as Arbitrum and Optimism. While Ethereum mainnet transactions per second (TPS) reached a maximum of 20 TPS this year, L2 TPS peaked above 50.

Compared to the cost of deploying code and transactions directly on Ethereum, rollups have saved end users and dapp developers over 99% in gas fees. The goal of EIP 4844 is therefore of great importance for scaling Ethereum.

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Binance Coin (BNB), the native token of the Binance ecosystem, has faced significant challenges in the wake of the recent lawsuits filed by the US Securities and Exchange Commission (SEC) against both crypto exchange Binance and Coinbase.

These regulatory actions have had a profound impact on the cryptocurrency market, stifling any potential upward momentum. As a result, Bitcoin (BTC) retested its lowest point in two months, plummeting to $24,000 at the time of the filing.

While BNB also endured the repercussions of the regulatory pressure, it managed to find some stability around the $220 support level. 

How will Binance Coin navigate the tough US regulations and maintain its position within the cryptocurrency landscape?

Challenges For BNBs Upside Potential

In the latest report on BNB price, a Fibonacci retracement tool has been employed based on the price action observed in the second quarter of 2023. This tool reveals two significant obstacles that could impede BNBs upward trajectory.

The first obstacle lies at the 23.6% Fibonacci level, marked at $250.8, while the second hurdle resides at the 38.2% Fibonacci level, indicated by $269.8. Should BNB encounter a price denial at these resistance levels, it is likely to experience a retracement, possibly revisiting the $220 support level.

Prone To Aggressive Sell-Off Upon Breaching Strong Support

If BNB manages to surpass the mentioned bullish threshold, there is a possibility of it facing a significant downturn in the form of an aggressive sell-off. In this particular scenario, it would be prudent to keep an eye on the immediate lower support levels at $200 and $184.

These levels hold significance as they could potentially serve as crucial points where the price of BNB may find temporary stability or experience further downward pressure.

At...

William Hinman. (Nikhilesh De/CoinDesk)

Red arrows pointing down falling drop (Getty Images)

The crypto community has donated over $1 million to ZachXBT as the blockchain sleuth prepares to fight defamation charges. (Unsplash/Fabian Blank)

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A major study between the Bank for International Settlements and the Bank of England found that a retail central bank digital currency could make peer-to-peer payments cheaper and easier.

BNB price (Binance coin) is recovering above $240 against the US Dollar. The price might gain bullish momentum if it clears $260 and $270.

• Binance coin price is attempting a recovery wave above $240 against the US Dollar.
• The price is now trading below $260 and the 100 simple moving average (4 hours).
• There is a key bullish trend line forming with support near $242 on the 4-hour chart of the BNB/USD pair (data source from Binance).
• The pair might struggle to gain bullish momentum above $260 and $270.

Binance Coin Price Faces Resistance

In the past few days, BNB price saw a major decline below the $260 support. There was a move below the $250 support zone, sparking bearish moves in Bitcoin and Ethereum.

The price even dived toward the $220 support. A low is formed near $220.6 and the price is now attempting a recovery wave. There was a move above the $240 resistance. The price climbed above the 23.6% Fib retracement level of the key decline from the $317.0 swing high to the $220.6 low.

The price is now consolidating below $260 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $242 on the 4-hour chart of the BNB/USD pair.

On the upside, BNB is facing resistance near the $254 level. The next major resistance is near $260 and the 100 simple moving average (4 hours). The main resistance is now forming near $268 and the 50% Fib retracement level of the key decline from the $317.0 swing high to the $220.6 low.

Source: BNBUSD on TradingView.com

A cle...

The comment from the crypto exchange came after the SEC asked for more time to respond to Coinbase's rulemaking petition.

The post Surprising News for Bitcoin | This Week in Crypto Jun 19, 2023 appeared first on 99 Bitcoins.

Tether reveals controversial reserve holdings, Jack Dorsey offers $5 million for Bitcoin developers, and will

Surprising News for Bitcoin | This Week in Crypto Jun 19, 2023 Read More

Ethereum price is recovering above $1,700 against the US Dollar. ETH could continue to move up if it clears the $1,780 resistance zone.

• Ethereum was able to climb above the $1,700 and $1,720 resistance levels.
• The price is trading above $1,700 and the 100-hourly Simple Moving Average.
• There was a break above a major bearish trend line with resistance near $1,720 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could rise further above the $1,750 and $1,780 resistance levels.

Ethereum Price Attempts Recovery

Ethereums price was able to form a support base above the $1,620 level. ETH started a decent recovery wave above the $1,680 and $1,700 resistance levels, similar to Bitcoin.

Besides, there was a break above a major bearish trend line with resistance near $1,720 on the hourly chart of ETH/USD. The bulls even pushed the price above the $1,750 resistance and the 100-hourly Simple Moving Average. It tested the $1,770 level. A high is formed near $1,768 and the price is now correcting gains.

There was a move below the $1,750 level. Ether dipped below the 23.6% Fib retracement level of the upward move from the $1,620 swing low to the $1,768 high.

It is now trading above $1,700 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,740 level. The next major resistance is near the $1,770 level.

Source: ETHUSD on TradingView.com

The main resistance is near $1,780. A proper move above the $1,770 and $1,780 resistance levels might start a steady recovery wave. The next resistance sits near $1,820, above which Ethereum could rise toward the $1,850 level. Any more gains above the $1,850 resistance zone might send the price toward the $1,920 resistance.

Bitcoin price is moving higher above the $26,000 resistance. BTC could continue to rise if there is a clear move above the $26,800 zone.

• Bitcoin started a recovery wave above the $26,000 resistance.
• The price is trading above $26,000 and the 100 hourly Simple moving average.
• There is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could rise further if it clears the $26,650 and $26,800 resistance levels.

Bitcoin Price Regains $26,000

Bitcoin price remained well-bid above the $25,500 resistance zone. As a result, BTC started a fresh recovery wave above the $26,000 resistance zone and even broke $26,200.

The bulls pushed the price above the $26,500 level. A high is formed near $26,793 and the price is now consolidating gains. It is now trading near the 23.6% Fib retracement level of the upward move from the $24,751 swing low to the $26,793 high.

Bitcoin price is now trading above $26,000 and the 100 hourly Simple moving average. Besides, there is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com

If there is another increase, the price might face resistance near the $26,650 level. The next major resistance is near the $26,800 level. A clear move above the $26,800 resistance might push the price further higher. The next major resistance is near the $27,200 level, above which the bulls might send BTC toward the $27,500 resistance zone.

Dips Limited in BTC?

If Bitcoins price fails to clear the $26,800 resistance, it could start a downside correction. Immediate support on the downside is near the $26,300 level.

The next majo...

Explain This Bob, the popular AI-powered Twitter account also linked to a memecoin, was suspended shortly after Elon Musk called it a scam.

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Bitcoin weekly price chart (CoinDesk)

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The native currency of Quant, a  blockchain platform that helps financial institutions incorporate digital currencies into their businesses, on June 15 soared 20% following its partnership announcement with the Bank of England for Project Rosalind.

Quant Collaborates With BIS And The Bank Of England

Project Rosalind is a central bank digital currency (CBDC) initiative, led by the Bank for International Settlements (BIS) and the Bank of England. It aims to explore the implementation of APIs in CBDC systems to facilitate retail payments.

Project Rosalind focuses on leveraging APIs in CBDCs and investigating innovative use cases for the technology. The project uses a collaborative model between the public and private sectors. The public sector provides the needed infrastructure, and the private sector is responsible for developing consumer applications.

Quant contributed to the development of Project Rosalind, by designing and developing API functionalities that would enable programmability within the private sector.

Following the announcement of their contribution, QUANT soared 20%, reversing losses posted early this week.

Besides designing, Quant also provided the underlying infrastructure and blockchain platform, needed for the interoperability of central bank ledgers.

Gilbert Verdian, Founder and CEO of Quant, expressed enthusiasm about the potential of CBDCs, saying:

 For the first time, money is ready for the digital age. A CBDC will enable citizens and businesses to automate cumbersome payments and processes and implement logic into money. For commercial banks and other institutions, the opportunity to apply this programmability to create innovative new products that differentiate themselves from challengers and competitors is almost endless. We encourage every bank and financial institution to read the Project Rosalind report and start planning their smart money infrastructure strategy.

Project Rosalind And CBDCs

Project Rosalind, led by the London Centre, was designed to tackle crucial issues within the retail CBDCs development. These issues include improving public-private sector collaboration, maximizing interoperability, and meeting the constantly changing needs of citizens.

Project Rosalind seeks to improve public-private sector collaboration by creating prototype APIs that enable a central bank to interact safely with...

On-chain data shows that Bitcoin retail buyers have been loading up the recent dip, a move that also coincided with price gains above $26,000, relieving traders and holders. Early this week, BTC prices crashed to as low as $24,820 before recovering to spot rates, adding 8% in four days.

Retail Investors Are Buying The Dip

Following a turbulent week in the crypto space, which involved the United States Securities and Exchange Commission, Binance and crypto securities-related drama, the price of Bitcoin dipped below $25,000 after the Federal Reserve paused their rate hikes and keeping the US fund rate within the 5% and 5.25% zone, increasing the uncertainty within the market.

However, the crypto market has since rebounded, with retail bitcoin investors, characterized by those holding 0.01 to 1 BTC, stepping in to buy up the dip.

Interestingly, the dip-buying behavior exhibited by retail investors is similar in level to that observed during the Silicon Valley Bank (SVB) collapse earlier in the year, but less than that of the post FTX collapse crash which saw Bitcoins price tank below $16,000.

With retailers loading up, it could indicate that traders and holders are confident of what lies ahead despite recent unfavorable fundamentals.

Bitcoin Whales On The Move

Meanwhile, with active Bitcoin retail buyers ramping up, whales have also been on the move. Crypto whales are addresses holding large amount of coins.

A Twitter user also noted that a user with 50 BTC worth around $1.2 million recently moved his coins after being dormant since 2010.

The batch of coins was originally mined in June 2010 and had remained untouched since then before being moved.

Following the trend, another previously dormant Bitcoin wallet, that has been dormant for a decade, transferred $7.8 million worth of BTC to a new wallet. Another long-term holder moved $11 million worth of BTC after more than 11 years of inactivity.

At the pivotal moment of BTCs price and the crypto space, speculators are raising questions about the motives behind such massive movements of BTC. It is known that the trading activities resulting from the transfers can impact the coins supply and demand dynamics of Bitcoin, potentially exerting short-term influence on prices.

As of writing on June 18, Bitcoin is firm above $26,500, and has reversed losses of June 14. With retailers appearing to be buying the dip, prices may recover in the days ahead, even rallying to $30,000.

Aptos (APT) has shown an impressive market performance in the last week gaining by 18.25% to emerge as one of the biggest weekly gainers on CoinMarketCap. This positive price movement is quite significant for many APT investors, as the APT market has been under bearish control for most of 2023.

Aptos Unimpressive 2023

Aptos began the year with a bang, surging by over 500% to hit its all-time high price of $18.58 on January 26. However, the prominent altcoin had since experienced a steady decline since then, with little insignificant price rises. 

Due to such disappointing price movement, much concern has been over what was touted as one of the most promising tokens of 2023.  The Aptos project, which was launched back in October 2022, received a lot of hype coming into the crypto space. 

Much of this interest was driven by the blockchain being an indirect product of the now-defunct Diem blockchain initiative. Aptos boasts various impressive features, including a unique programming language Move a parallel execution engine, low transaction costs, and high-level security features. 

On June 10, APT was trading as low as $5.74, indicating a 69.11% decline from its ATH value in January. However, following its recent impressive performance, many investors wonder if the altcoin could actually be readying for market reversal.

Based on data from CoinMarketCap, APT is trading at $7.05, with a 5.38% gain on the last day. The tokens daily trading volume has also moved by 125.76%, attaining a value of $274 million. Meanwhile, APTs market cap is currently at $1 billion. 

Is The Market Reversal On?

As earlier stated, APTs current bullish run led to much speculation among investors, with many hoping the token could soon return to the glorious heights seen at the beginning of the year. 

This discourse is further fueled by various on-chain activities, an example of which is the gradual increase in daily user transactions on the Aptos network over the last few months. 

According to data from aptscan.ai, an analytics tool native to the Aptos chain, the number of daily active daily transactions on the network moved from 75,806 on March 1 to 162,071 on June 16, yesterday. 

...

In recent weeks, the burn numbers of Shiba Inu tokens have not been particularly great, especially in the past seven days. This is despite the growing optimism amongst investors about the ecosystems prospects. In fact, there are speculations about a potential bullish run as things stand.

The price of the SHIB coin has been on a steady rise recently, gaining over 7% in the last seven days. According to data from CoinGecko, SHIB is currently valued at $0.00000716, with a daily trading volume of more than $118.9 million.

Related Reading: Shiba Inu (SHIB) Positive Social Sentiment Sparks Bullish Speculation

SHIB Burn Rate Drops By 87%

The amount of SHIB tokens sent to the dead wallet has decreased dramatically in the past seven days. Interestingly, these dwindling burn numbers coincide with the launch of an in-real-life (IRL) component by the popular meme-inspired ecosystem. This positive development capped off what was an overall great week. 

That said, the dramatic dip in the amount of Shiba Inu tokens being burnt might be something to worry about. According to data from the Shibburn wallet tracker on Twitter, only 38,673,239 SHIB tokens were transferred to the dead wallet in the last seven days, indicating an 87% overall decrease in the tokens burn rate.

It is worth noting that SHIBs burn rate is on some recovery at the moment, as over a million tokens have been set ablaze in the past day. This represents a whopping 281% burn rate increase in the last 24 hours.

Shibacals Launches In Anticipation Of Shibarium

Shytoshi Kusama, a prominent Shiba Inu developer, has noted in the past the challenge of moving the SHIB price based on burns only. He, however, said introducing new technologies and utilities and expanding the ecosystem can help boost SHIBs value.

With the falling burn numbers and the launch of Shibarium drawing closer, it is clear that there should be a focus on improving the projects value through new products and technologies. Hence, it can be said that the launch of Shibacals the in-real-life component of Shiba Inu is a move in the right direction. This newly-launched product is expected to push the...

If youve been in Bitcoin longer than a few minutes,\ then youve heard the phrase be your own bank. This, of course, is referring to the fact that Bitcoin is a peer-to-peer network, controlled by its users, not a central banking system. However, there is still space for banking in a Bitcoin world; though a variation from the system with which we are currently familiar.

Caitlin Long has tirelessly fought for sound banking practices especially as it relates to the dangers of leverage in bitcoin. Her work has brought positive attention to what banking in the Bitcoin space should look like.

Longs impressive, 22-year Wall Street background combined with her candor and track record of championing sound money has made her a legend in many circles. In her home state of Wyoming, Long founded and serves as the CEO of Custodia Bank (formerly Avanti Financial Group) that works to bridge the gap between traditional banking and digital assets. Most recently, Long has been in the trenches fighting for Custodia to become a digital asset bank with a Federal Reserve account. She has been met with senseless opposition from the Federal Reserve during this process, but Long has met these setbacks with stoicism, professionalism and integrity and continues to fight for Fed access for Custodia through a lengthy court battle.

It was a privilege to interview Long about her outlook on the Bitcoin space and the future of finance, and I know you will find her responses insightful.

How did you first learn about Bitcoin and what specifically drew you to it? 

I first learned about it in 2012 from alternative schools of economic thought. I was a member of an email group and started noticing people talking about it back then. For those who are not familiar with alternative schools of economic thought, Bitcoin has sparked a lot of interest within the various schools of thought. For example, those who follow Austrian School economics would limited supply and decentralized nature. Its an alternative store of value. They also would argue that, because Bitcoin is apolitical and deflationary in nature, it is a better alternative to fiat currencies that are dependent on inflationary monetary policy.

There are several other arguments to be made surrounding Bitcoin and alternative schools of economic thought, but we dont have the time to get into those.

As a leader in the Bitcoin banking sector, you have seen the highs and lows of policy in the U.S. Do you think Custodia will eventually be granted a Fed membership and account?

I will have to let the lawsuit speak for itself regarding Custodia. However, I am optimistic regarding the policy issue generally. The people in power in Washington, D.C. today thin...

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Discover the key techniques for writing highly effective ChatGPT prompts that yield superior results.

Binance CEO Changpeng CZ Zhao is pleased the disagreement with the SEC is over.

Binance, the global crypto exchange renowned for its vast scale and influence, has taken a step towards promoting the widespread acceptance and usage of Floki Inu, the popular memecoin that has captured the attention of crypto enthusiasts worldwide.

Embarking on a strategic initiative, Binance has ingeniously incorporated Floki Inu into two exceptional categories within its expansive ecosystem, namely the Metaverse and Gaming sections.

With this development, Binance has effectively opened up new avenues for the crypto named after billionaire Elon Musks dog, propelling its growth trajectory and solidifying its position as a prominent player in the ever-evolving crypto landscape.

#Binance has added $FLOKI to the #Metaverse and #Gaming categories on its exchange!

This is a big deal and allows millions of users to trade #Floki alongside top metaverse and gaming cryptocurrencies like $SAND, $MANA, $AXS, $IMX, $GALA, and $ENJ.#Floki adoption continues! pic.twitter.com/UKIssfoOih

FLOKI (@RealFlokiInu) June 16, 2023

The Floki Inu team may have hoped that news of Binances decision to add the meme to the Metaverse area would increase the value of their coin, but this was not the case today.

Floki Inu Price Wasnt Feeling It

At the time of writing, FLOKI price was nearly...

ZachXBT fears legal fees to defend himself in the defamation lawsuit could easily exceed $1 million.

0.00010 BTC = 2.65 USD
1.00 USD = 0.00004 BTC
Converter

In a video posted to Twitter, Ripple CEO Brad Garlinghouse opined that the U.S. financial watchdog acted in bad faith, plain and simple.

U.S. representative introduces bill to fire SECs chief, BlackRock applies for a spot Bitcoin ETF and Binance.US hires top lawyer for upcoming court battles.

After a dip of over $1 billion in the past 30 days, BUSD now sits fourth in market capitalization among stablecoins.

Bitcoin CME Futures BTC1 front month continuous contract price action closes over the weekend, making Friday evening the closing bell for the week. This Fridays close saw price recover above a crucial level that in the past led to a bullish impulse in crypto. Here is a closer look at why bulls could be ready to charge in the coming weeks.

Using BTC CME Futures As A Crypto Crystal Ball

Large institutional traders dont just trade spot BTCUSD, nor do they trade on Binance, ByBit, or another crypto platform. When they want to speculate and trade using derivatives contracts, they look to the Chicago Mercantile Exchange, better known as CME Group.

Unlike the 24/7, always-on crypto market, CME Group charts close down for the weekend and holidays much like stocks. Due to this behavior, the chart often features gaps that dont appear on standard BTCUSD price charts. Discrepancies between BTC CME Futures charts and BTCUSD charts can lead to fakeouts and shakeouts.

Because Bitcoin CME Futures does stop on Friday for the weekend, it also can provide early clues as to how spot price charts might close on Sunday night. In this case, BTC Futures has reclaimed the Bollinger Band basis line, often referred to as the mid-BB.

Bitcoin Price Recovers Above The Bollinger Band Basis Line

The basis line on the Bollinger Bands is a 20-period simple moving average. The tools creator, John Bollinger, then adds an upper and lower band set at two standard deviations of the SMA. This causes the bands to expand and contract with market volatility.

Like any moving average, it can act as dynamic support a...

(Danny Nelson/CoinDesk)