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The crypto market is highly unpredictable. Assets could maintain a price rally in a particular direction for a specific period before an unforeseeable event causes it to turn. For this reason, Compound (COMP) and Polygon (MATIC) are working hard to maintain their course.  On the other hand, VC Spectra (SPCT) attracts more investors as it remains a worthwhile investment. BUY SPCT TOKENS NOW Is The End Near For The Compound (COMP) Upward Surge? Compound (COMP) has been on an im PR essive upward rally for 30 days . Compound (COMP) broke the $40 PR ice level as it entered July and has been on a sustained PR ice rise to a high of $84.5 before it started a decline. Investors are worried it could be the beginning of a dump.  However, in the last 24 hours, Compound (COMP) has seen a 5.4% rise in PR ice from a low of $68.56 to the current $72.28 .  The price rise is attributable to the announcement that Wrapped Bitcoin (WBTC) is approved as collateral in the Compound (COMP...

According to a study conducted by Cryptobetting.com, Shiba Inu (SHIB) is more popular than Ethereum (ETH) and Dogecoin (DOGE) in the United States. According to the study, the popular dog-themed crypto is the second most popular project in the U.S., only behind Bitcoin (BTC). The study used search volume data to compare the top 100 cryptocurrencies by market cap and revealed that Bitcoin had a search volume of 1,910,000, while SHIB had 484,000. Dogecoin came in at third place with 280,000, while Ethereum took fourth place with 238,000. Also Read: Shiba Inu or Dogecoin: Which Token Can Make You a Millionaire First? It is not surprising to see such high search volumes for SHIB. The crypto token is not only popular in the U.S., but all around the globe. However, one should take note of the stark difference between BTC’s search volume and the other projects. The numbers clearly show that the original crypto is still king. However, that does not take anything away from SHIB a...

1. Etherum’s Weekly Summary a. Summary of All Core Developer Consensus Call 114 (ACDC) link On July 29th, according to Christine Kim’s summary of the All Core Developer Consensus Call 114 (ACDC), the main topics discussed in this meeting were as follows: Deneb test progress (Devnet-8 is expected to launch next week, emphasizing the importance of testing MEV-Boost related software), Deneb-related code modifications (new algorithm for block confirmation rules), and the two EIPs that may be considered for the next consensus layer upgrade, Electra (EIP-6914, reusing validator indices to reduce node computation burden; EIP-6110, adding validator deposit information to the execution layer’s block structure, thereby simplifying the work at the consensus layer and optimizing validator experience). b. PNDX Launch Leads to Sudden Surge in Ethereum Gas Median to 360 gwei link According to Nansen data, on the evening of July 28th（UTC+8）, the Ethereum gas median suddenly surged to 360 gwei, driv...

Jul 28, 2023 at 10:10 // Price Author Coin Idol Cardano (ADA) price is falling, although it is still above the 50-day SMA. Cardano price long-term forecasts: bearish The moving average lines intersect the price bar. If the price falls below the moving average lines, the current decline will accelerate. The coin is currently trading at $0.30 and is moving between the moving average lines. The price of the cryptocurrency has fallen from a high of $0.37. The market has entered the oversold zone due to the decline. The price indication predicts a furth...

US Securities and Exchange Commission (SEC) chair , Gary Gensler, is concerned about the pervasive fraud and regulatory non -compliance in crypto . In a recent Bloomberg interview, Gary Gensler aired his concerns about the risks associated with crypto investments. His comments come on the back of an impactful court decision related to XRP’s status as a security, which ran contrary to the commission’s viewpoint. Bloomberg TV just interviewed Gary Gensler regarding the Ripple case!! #XRPCommunity #XRPArmy pic.twitter.com/imRmf9uOvf — Ingrid (@IBcroc) July 27, 2023 During the interview, the SEC chair expressed concerns about the crypto market, highlighting the prevalence of fraud and individuals trying to deceive others. He also emphasized that the speculative nature of the industry is not the sole challenge for investors. Instead, he urged investors to remain vigilant and not assume that they will be fully safeguarded under existing securities law. Followin...

The Federal Reserve raised interest rates in the U.S. again during the last FOMC meeting. The banking regulator increased interest rates by another 25%, the highest level since 2001. Social engagement among Bitcoiners grew following the interest rate hike announcement. The Federal Reserve raised interest rates in the U.S. again during the last Federal Open Market Committee (FOMC) meeting. According to reports, the banking regulator increased interest rates by another 25%, hiking it to the highest level since 2001. This action generated social reactions that Santiment, the market intelligence platform with social metrics, believes could significantly impact the market. The #FOMC has just hiked US rates to their highest since 2001, following another 25 bps rise. Social reaction will play a major role in how #crypto markets react. Early indications are this may be a #selltherumor, #buythenews based on positive prices. https://t.co/13GzbLV8qg pic.twitter.com/7g...

Crypto constantly evolves, with various tokens and projects competing for recognition and market influence.  Among the decentralized exchange (DEX) protocols, Uniswap (UNI) has garnered significant acclaim in decentralized finance (defi). Nevertheless, recent price fluctuations and market instability have left investors speculating about the potential of a new player, Borroe. Supporters claim Borroe (ROE) can transform the crypto landscape, even surpassing the potential of Bitcoin (BTC) potential. Uniswap is volatile Uniswap allows users to trade various tokens without intermediaries. Its automated market-making (AMM) mechanism shaped trustless trading, making an attraction for defi supporters. However, crypto is volatile, and UNI prices have been trending lower, affected by sharp declines. Considering deep losses over the months, investors question the platform’s long-term sustainability and growth potential. Borroe can take over after Bitcoin As investors expl...

The ideal candidate to join the National Crime Agency will be an existing member of the police staff who is a certified accredited financial investigator (AFI). The National Crime Agency (NCA) of the United Kingdom is hiring two blockchain investigator s for its newly formed Digital Assets Team within the Complex Financial Crime Team (CFCT) to tackle crypto crime s. The job involves overseeing complex investigations involving crypto currency and digital assets from a Proceeds of Crime Act (POCA) perspective. POCA relates to the confiscation and redirection of crime money toward community benefit. National Crime Agency’s job posting for crypto crime investigators. Source: LinkedIn The ideal candidate will be an existing member of the police staff who is a certified accredited financial investigator (AFI). In addition, other requirement includes experience in blockchain Analysis , criminal investigation and understanding of the legislation among others. The job pays a salary of appro...

Note that the total number of buy and sell orders across all order books on covered exchanges that are within 1% of the mid-price, is calculated as market depth. This is a crucial indicator of liquidity and stability. advertisement XRP And DOGE, Top Traded Cryptos In 2023 Since the start of 2023, XRP has been on traders’ radar screens. Traders were observed building up the asset during the first half of the year in expectation of a favorable decision. Following the decision, XRP’s volume exploded and reached new highs. It is now the most actively traded Altcoin of 2023, with a 24-hour trading volume of $1.93 billion. The following were Solana, Dogecoin, BNB, and MATIC. They resolved deals of $50 to $100 billion , Kaiko reported. As investors put a damper on Thursday’s euphoria and considered what might happen to cryptocurrency in the future, the majority of major crypto assets are trading in red today. Even while the verdict was in favor of Ripp...

Bitcoin’s dominance in the crypto market has been shrinking lately. Its share has declined from 45% to 27% in 2023. In fact, the dominance dropped by 8% in July as well. A recent Kaiko research report pointed out that the largest asset’s dominance across the top 25 centralized exchanges was currently at its lowest level since April. As a consequence, Altcoins have benefitted from this trend. Collectively, their dominance has reached a 4-month high. Source: Kaiko Also Read: Will Wall Street Accept the ‘Trillion’ Dollar Crypto Custody Challenge? Top Traded Altcoins in 2023 XRP has been on traders’ radar since the beginning of 2023. In anticipation of a positive ruling, participants were seen accumulating the asset during H1. After the ruling, XRP’s volume soared and created record highs. With $150 billion in trading volume, it is currently the top-traded altcoin of 2023. Solana, Dogecoin, BNB, and MATIC stood next. They settled transactions worth $50-$100 b...

TLDR In the RWA sector, the first explosion is from fixed-income products, driven by the treasury management demands of DAOs and Web3 companies. The top TVL rankings in the RWA sector are dominated by tokenized U.S. Treasury Bill projects. By incorporating RWA, DAOs can retain high liquidity for their assets while generating stable income with low correlation to on-chain activities, thus achieving better quality returns and risk diversification. The governance and operations of DAOs are not necessarily more efficient than traditional corporate structures. MakerDAO incurs high costs to purchase U.S. Treasury Bill ETFs through a complex trust structure, which is not feasible for most other DAOs and Web3 companies. In comparison, it is more efficient and feasible for DAOs to purchase tokenized RWAs on-chain through professional/compliant asset issuers. RWA coming into mainstream crypto Against the backdrop of the crypto winter and rising US interest rates, the new wave of DeFi innovation ...