Cryptocurrency

In a groundbreaking move to address the challenges of equitable asset distribution and decentralization in the cryptocurrency space, Cellula has unveiled its innovative programmable incentive layer built on the Ethereum Virtual Machine (EVM) ecosystem. At the core of Cellula’s innovation is its virtual Proof-of-Work (vPOW) consensus mechanism, which combines principles from Conway’s Game of Life, Variable Rate GDAs Algorithm, and Game Theory to revolutionize the way digital assets are distributed and liquidity is allocated.The crypto industry has long grappled with the issue of “whales” – a small group of individuals or entities that accumulate a disproportionate share of assets, leading to market manipulation, reduced decentralization, and limited participation opportunities for smaller investors. Additionally, traditional asset distribution methods, such as pre-mining, have further concentrated ownership, undermining the fairness and accessibility of these ecosystems.Cellula’s vPOW mechanism empowers “BitLife” entities with unique hashrates, enabling them to engage in a gamified mining process that generates dynamic incentives. This revolutionary approach is powered by Cellula’s trifecta of innovative algorithms: Conway’s Game of Life for mining, Variable Rate GDAs (VRGDA) for pricing, and the Analysoor protocol for fair distribution and liquidity guidance.Mining Algorithm – Conway’s Game of Life – Genetic Code Of On-Chain Digital Life: Conway’s Game of Life underpins Cellula’s on-chain entities, “BitLife,” which evolve dynamically, reflecting natural life cycles and enabling complex AI development within the blockchain. This gamified mining process encourages participants to develop more optimal strategies to potentially earn additional block rewards, fostering a competitive environment that ensures only committed resources are rewarded.Pricing Algorithm – Variable Rate GDAs – A Dynamic Pricing for NFT Distributions: VRGDA adjusts asset prices based on demand, increasing when sales are high and decreasing when they lag, ensuring balanced distribution even in illiquid markets. This dynamic pricing model helps to prevent the concentration of assets in the hands of a few, promoting wider participation and a more equitable distribution.Consensus Algorithm – Analysoor – Fair Asset Distribution And Liquidity Guidance: Analysoor is a Fair Launch protocol on Solana that uses block hashes for a random number generator to distribute NFTs and tokens fairly. Unlike traditional models, it avoids high GAS fees and bidding wars by offering fixed-cost “block lottery tickets” for participation. Each ticket’s block hash determines winners transparently, preventing bots and ensuring equal opportunities for all users, regardless of financial power. Transaction fees from the lottery are used to inject liquidity into new assets, promoting ecosystem growth. Integrating Analysoor with vPOW also provides fairer asset distribution and better liquidity allocation guidance.Transparency is also a cornerstone of Cellula’s design. All algorithms and asset distribution processes are recorded on-chain, enabling anyone the ability to verify and review the process, thereby increasing the system’s transparency and credibility.About CellulaCellula is a pioneering programmable incentive layer that revolutionizes asset issuance on the Ethereum Virtual Machine (EVM). Utilizing a novel virtual Proof-of-Work (vPOW) consensus mechanism, Cellula combines the principles of Conway’s Game of Life, Variable Rate GDAs Algorithm, and Game Theory to create evolutionary, intelligent, and programmable on-chain digital entities known as BitLifes.For more information on Cellula and its groundbreaking programmable incentive layer, users can visit the project’s Gitbook at https://cellulalifegame.gitbook.io/cellula.Play | Twitter | Telegram | DiscordContactevaaoEvaao0097@gmail.comThis article was originally published on Chainwire More

The filings, known as 13-Fs, provide insights into positions held by institutional investors at the end of each quarter.Goldman Sachs reported that it acquired roughly $418 million in various bitcoin ETFs. The bulk of this investment was in BlackRock (NYSE:BLK) iShares Bitcoin Trust (NASDAQ:IBIT), with nearly 7 million shares valued at around $238 million as of June 30. The IBIT is the largest spot Bitcoin ETF by market capitalization, with $20 billion in assets under management.The bank also held stakes in the Fidelity Wise Origin Bitcoin ETF, the Invesco Galaxy Bitcoin ETF (NYSE:BTCO), and smaller positions in other bitcoin ETFs launched earlier in the year.Morgan Stanley also favored BlackRock’s spot Bitcoin exchange-traded fund (ETF). As of June 30, the investment bank held over 5.5 million shares of the iShares Bitcoin Trust, valued at nearly $188 million, making it one of the top five shareholders of the ETF. Morgan Stanley had smaller holdings in the ARK 21Shares Bitcoin ETF (NYSE:ARKB) and the Grayscale Bitcoin Trust (NYSE:GBTC). Notably, the bank made a big cut in its GBTC holdings, reducing it to about $148,000 from $269.9 million last quarter, according to its latest filing. Neither Goldman Sachs nor Morgan Stanley disclosed whether these positions were acquired on behalf of clients or for their own accounts.While these filings suggest growing institutional interest in bitcoin ETFs, the regulated crypto products have primarily been dominated by retail investors, according to ETF issuers. Several hedge funds adjusted their bitcoin ETF holdings during the quarter. New York-based Hunting Hill Global Capital reduced its exposure to Grayscale and Fidelity ETFs but held an $18.32 million stake in the Bitwise Bitcoin ETF (NYSE:BITB) and acquired a new $25.6 million position in BlackRock’s ETF. Millennium Management LLC, another New York-based hedge fund, cut down its overall bitcoin ETF holdings from $2 billion in the first quarter to $1.15 billion by the end of June, while increasing its stake in the Bitwise ETF. More

Redesign Compliments Launch of All-Cash Rewards for Leading Crypto Casino and SportsbookCloudbet, the pioneering crypto casino and sportsbook, has announced a comprehensive redesign, set to go live on August 13th. A decade after launching the world’s first crypto sportsbook and casino in 2013, the company says this visual transformation not only elevates the new all-cash Cloudbet Rewards program to reflect its impact on both users and the industry, but also sets the stage for undisclosed “big moves” coming soon.Cloudbet spokespeople would not say what might be next for the casino and sportsbook, but reiterated this work is part of a growing effort to take both the brand and crypto betting as a whole into new territory over the next ten years and beyond.About CloudbetFounded in 2013, Cloudbet is the world’s leading crypto casino and sportsbook. With a focus on providing a secure, fast, and reliable betting experience, Cloudbet offers a wide range of games and sports betting options, leveraging the advantages of cryptocurrency to deliver unmatched value to its users.For more information about the rebrand or to experience the new Cloudbet, users can visit Cloudbet.com.ContactIreneHalcyon Super Holdings B.V.irene@cloudbet.comThis article was originally published on Chainwire More

The decentralized derivatives trading platform, ELFi Protocol, officially launched today on the Arbitrum network.ELFi is a decentralized derivatives trading platform dedicated to creating a unique and forward-looking trading experience that rivals centralized exchanges (CEX). ELFi is the first to implement a Portfolio Margin and vAMM hybrid model on-chain. Additionally, the platform has designed an innovative zero-risk stable coin liquidity pool and a mature risk management system for contracts of various risk levels. The platform strives to better meet market and user needs in areas such as risk isolation, asset pricing, and support for LSD assets.Innovative Features Introduced by ELFi:Mainnet Launch Limited-Time EventTo celebrate the launch, ELFi is hosting an event with an initial prize pool of $5,000. For every $10 million in trading volume, the platform will add an additional $1,000 to the prize pool, with a maximum prize pool of $100,000. Users holding ELFi’s beta test NFTs can earn accelerated rewards, and each valid user referral will also result in accelerated rewards, with the maximum acceleration being 5x.Users who interact with ELFi by staking or trading will be eligible to share the prize pool. The prize pool will be divided based on each user’s share of the total interaction volume at the end of the event. The final prize pool amount will be announced at the end of the event.NFT Double Rewards for Beta UsersUsers who obtained the official ELFi NFTs during the beta test can receive an additional 1-2x reward during the eventAbout ELFi ProtocolELFi is a decentralized derivatives trading platform that focuses on delivering top-notch trading functionalities. It’s the pioneer in supporting Portfolio Margin within the P2Pool model, and boasts a sophisticated risk management system for listing contracts of various risk levels. Additionally, ELFi introduces innovative liquidity pool designs, offering industry-first zero-risk stablecoin liquidity pools and LSD re-collateralized liquidity pools. It strives to better meet market and user demands through features like risk isolation, asset pricing, and LST asset support..This article was originally published on Chainwire More

Because it represents a change in momentum from bullish to bearish, this technical pattern – which is occurring around the $0.12 level – usually indicates the possibility of a protracted downtrend. A bearish outlook for Dogecoin may be confirmed if the 100 EMA crosses below the 200 EMA and remains there. The price of DOGE would probably decline more as a result of this event, discouraging buyers and drawing sellers. Though not all death crosses result in large losses, historically, they have frequently preceded protracted periods of price declines.Three crucial Dogecoin price levels need to be regularly watched: the immediate resistance level at which the possible cross might take place is $0.12. DOGE may find it difficult to regain bullish momentum if it is unable to break above this level. In recent weeks, DOGE has found a floor at $0.105. If this level falls below it, it might indicate additional vulnerability and possibly lead to a retest of lower levels. The 50 EMA and 100 EMA are significant resistance levels that have historically been hard for Bitcoin to breach, as the chart illustrates. At the moment, these levels correspond with important price zones that traders are keeping a close eye on. Bitcoin may be able to test the channel’s upper boundary and advance toward the $70,000 mark if it is able to decisively break above these EMAs, which would indicate strong upward momentum.There is currently enough room for significant price movement in the trading channel that Bitcoin is moving through. But unless the 50 EMA and 100 EMA are broken, Bitcoin’s price is probably going to stay capped, with resistance levels preventing any significant advance toward higher targets. Bitcoin would not only overcome the current resistance but would pave the way for a possible rally to $70,000 if it were to successfully breach these EMAs. Within the wedge, there is typically upward price action, but decreasing volume and a narrowing range frequently indicate a decrease in purchasing pressure. Eventually a break from this pattern might cause prices to drop sharply, reversing the previous uptrend. Ethereum’s recent gains could be in jeopardy as it trades within this potential wedge.In the event that the pattern holds true, ETH might see a sharp decline and possibly return to earlier support levels at $2,600 or even $2,500. Given that the market has been generally bullish in the near term, this would indicate a significant shift in sentiment. Traders should keep a close eye on the volume and price movement of ETH over the next three days. The probability of a breakdown rises if Ethereum stays inside the wedge while volume falls. But if ETH can rise above the wedge’s upper resistance line with significant volume, this bearish scenario might be avoided, and the uptrend might continue.This article was originally published on U.Today More

This article was originally published on U.Today More

“Coinbase holds $52 Billion of Bitcoin. They’re the top holder of BTC with over 4.3% of the supply,” Arkham Intelligence wrote in a tweet.In light of the recent announcement about “cbBTC,” Arkham Intelligence poses an interesting question concerning Coinbase’s significant Bitcoin reserves: “How much of this will be channeled into the decentralized finance (DeFi)?”Coinbase recently released a tweet about “cbBTC.” In the X thread, Coinbase teased the upcoming launch of cbBTC, expected to play a crucial role in the DeFi space on the Base network, Coinbase’s Ethereum layer-2 blockchain.cbBTC is anticipated to build a huge Bitcoin economic system on the Base network and would be a competitor to WBTC.In July, the unadjusted CPI annual rate in the United States was 2.9%, compared to 3.0% expectations and 3.0% the previous month. The annual rate of the unadjusted core CPI in the United States was 3.2%, falling for the fourth consecutive month and the lowest level since April 2021.According to CME, the Federal Reserve’s likelihood of decreasing interest rates by 25 basis points in September is 56.5%, while the probability of cutting rates by 50 basis points is 43.5%.Matt Hougan Bitwise CIO summarizes two takeaways from the recent CPI release: “There are two take-aways that matter from the CPI:1) The Fed will start cutting rates in September2) 3% is the new baseline for inflation, not 2%.Both are bullish for bitcoin.”Bitcoin posted an unexpected reaction to the CPI data, falling below $59,000 at one point in Tuesday’s trading session. At the time of writing, BTC was down 0.43% in the last 24 hours to $59,283 having reached intraday highs of $61,827.This article was originally published on U.Today More

iAgent protocol introduced an innovative AI-agent as digital asset class at Malaysia Blockchain Week in Kuala Lumpur and Asia Blockchain Summit in Taiwan this month, allowing gamers around the world to create, train, trade, and monetize personalized game AI-agents that take the NPCs of the past to a whole new level. iAgent protocol has developed the world’s first AI-agent trained from pro-players’ gameplay footage in Counter-Strike. This new AI asset class has the potential to spur a renaissance of innovation and growth within the gaming industry.At both MBW and ABS, attendees received a first look at the revolutionary new class of digital gaming assets. iAgent Protocol presented new technology on August 1st and 6th, which uses AI Modules to train gaming characters based on gameplay footage. Their presentation featured an iAgent trained from the video footage of Flaxciz, a professional CS player from Team Secret. iAgents are here to not only rehaul the outdated NPCs of the gaming world, but also to empower all gamers within the ecosystem. Any user can train an AI-agent with the gameplay footage and then trade, rent, and monetize their personal game agents. Whether it’s a casual gamer playing with friends, or an entire studio wanting to add world-class human-trained AI characters to their game, iAgent offers new solutions and possibilities. In collaboration with Alliance, a global esports powerhouse competing at the forefront of the world’s most popular games, and Team Secret, a professional esports organization, iAgent was able to train a character based on the gameplay footage of Flaxciz.Jamie Batzorig, CEO of iAgent and keynote speaker, unveiled the human-trained iAgent for the first time. The development team worked with AethirCloud, the project building scalable decentralized cloud infrastructure for Gaming and AI. Powered by DePIN, iAgent protocol leverages underutilized GPU resources from around the world and transforms them into a distributed GPU network dedicated to training AI-agents. iAgent is supported by GEDA, a web3 esports ecosystem that is onboarding esports enthusiasts, and Emerge group, gaming marketing agency who have worked with well-known names like Valorant, Mobile Legends, and Riot Games. The team at iAgent aims to democratize gaming by creating AI-agents as digital assets and providing all gamers with the tools and infrastructure to train their own Agents. These human trained AI-Agents represent players’ gaming strategies, styles, and creativity turning them into a digital representation of their gaming persona. By creating the world’s first AI-agent trained on a pro esports player footage, iAgent is aiming to alter the landscape and future of gaming. The tools used to create this groundbreaking digital asset and gaming character will soon be available to everyone in the gaming ecosystem. A player only needs gameplay footage to develop their own AI-agent. With the first-of-its-kind AI_NFT standard (OFT), the creators will have full ownership over their AI-agents running on multiple chains using innovative technology developed by LayerZero Labs. About iAgentThe iAgent protocol allows the world gamers to train their own AI agents to mimic the players behavior from gameplay footage, powered by DePIN, decentralized computing, thereby creating a new digital asset class on the blockchain.Users can follow iAgent on X, notifications on.Press contact: Sarah@tokenpr.comSource: iAgent ProtocolLos Angeles, CADisclaimer:This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.ContactCEOJamie BalzorigiAgent Protocoljamie@iagentpro.comThis article was originally published on Chainwire More