Cryptocurrency

While Bitcoin (BTC) has dipped by over 5% in the last 24 hours, XRP has surged by nearly 5%, highlighting its independence from the broader cryptocurrency market trend.At the time of writing, XRP was up 3.78% in the last 24 hours to $0.6327, as nearly the entire crypto market traded in red. The token was likewise up 6.21% in the last 24 hours.The crypto market extended Monday’s sell-off as traders looked ahead to central bank meetings this week. XRP, on the other hand, reversed Monday’s losses to trade in green.XRP subsequently rose from a low of $0.597 to reach an intraday high of $0.635 before settling at its current price.XRP is likewise gaining strength against Bitcoin, with the XRP/BTC pair rising by as much as 5% on the Binance exchange. Notably, XRP has been gaining ground against Bitcoin and is set to mark the third consecutive day of gains.On July 30, the SEC responded to the court’s minute order dated July 9, 2024. In the filing, the SEC stated that it wishes to amend its complaint addressing “Third Party Crypto Asset Securities,” as specified in its opposition to Binance’s petition to dismiss.According to the SEC, this eliminates the need to “issue a ruling as to the sufficiency of the allegations concerning those tokens at this time.”As reported, the ruling judge in the Binance lawsuit cited Judge Analisa Torres’ 2023 ruling in the Ripple lawsuit in granting the motion to dismiss the secondary BNB sales claim.As a result, the latest update in the Binance case could be significant for XRP in the Ripple lawsuit, which is now awaiting a final verdict, contributing to the current optimism surrounding XRP.This article was originally published on U.Today More

According to the expert, with global investable assets of around $900 trillion, BTC currently represents just 0.15% of that amount at a price of $67,000. If Bitcoin made up 1% of the global investment market, its value could soar to $428,000 per coin. Thus, Lavish’s forecast implies a staggering 548% increase from the current price. Well, in the meantime, the Bitcoin price recently encountered resistance around the $70,000 mark before falling to around $66,000. This recent drop resulted in a 5.6% decline in less than 48 hours. The ambitious target proposed by the expert may seem far-fetched, but it is gaining some credibility thanks to the growing participation of large financial institutions, such as BlackRock (NYSE:BLK) and Franklin Templeton, in Bitcoin ETFs.The increased participation of the largest of the financial institutions is indicative of growing interest from both retail and whale investors, potentially pushing the value of BTC higher.Such significant growth, however, will definitely not happen in a flash and will require no small amount of time and patience. In any case, this is exactly what the historical trends on the crypto market testify to.This article was originally published on U.Today More

According to CoinGlass data, $160.67 million accounted for crypto liquidations, with a larger chunk of this, $136 million, representing bullish bets.Traders had leveraged long positions over the weekend, with Bitcoin reaching nearly $70,000 in Monday’s trading session — a trend that is now “selling off” on recent concerns of selling by the U.S. government and the Fed meeting outcome.Bitcoin and the entire crypto market fell as traders took note of signals that the U.S. government may sell portions of its sizable crypto holdings. According to blockchain research firm Arkham Intelligence, a U.S. government-linked wallet transferred $2 billion in Bitcoin to a new address on Monday.Bitcoin dropped to a low of $65,875 on Tuesday before rising somewhat to trade around $66,330 at press time. On Monday, the world’s largest cryptocurrency approached $70,000 for the first time since mid-June.The majority of cryptocurrencies were also sustaining losses at press time.The Federal Reserve’s July meeting begins Tuesday and ends Wednesday, with a monetary policy decision and press conference by Fed Chairman Jerome Powell.Markets broadly expect the central bank to leave interest rates steady this week, but many investors are hopeful that policymakers will provide new signals about the outlook for rates.This Tuesday is expected to see the release of key economic data. Later this week, ADP’s private payrolls report is due, as well as the July jobs report, which includes nonfarm payrolls and unemployment statistics.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will host Web3 experts to discuss “Blinks, AI, Ignition: Bridging Web3 and Web2.” This livestream will take place on Jul. 31, 2024, at 10AM UTC, and will focus on new crypto innovations that embed blockchain apps in traditional digital environments like Facebook (NASDAQ:META), Twitter, et al with new crypto payment rails, unlocking productivity and ownership gains for content creators and small businesses globally.The hour-long session streamed via Bybit’s platform, will explore developments within social ecosystems, artificial intelligence, and how to unlock liquidity by using BTC as collateral via innovative FBTC’s Ignition system.Gain insights from key movers in crypto such as Soju from Jupiter the biggest aggregator on Solana, FP Lee from new Solana liquid staking protocol Sanctum, and Emily Bao, a Web3 Evangelist at Bybit. Alongside these guests, Bybit will host speakers from top memecoin Mongy, and the second-largest Etheruem L2 Mantle. Finally, up-and-coming stars of the TON ecosystem, GM Network and Revox will talk about Telegram’s goal to bring blockchain payments to over 900 million users, and guests from Ignition will explain how they created an omnichain Bitcoin asset pegged aimed at elevating Bitcoin’s accessibility and utility.The free session will show how anyone can leverage crypto communities, AI, and innovations that bridge blockchains to find opportunities others miss. Participants can win prizes worth up to $500 in crypto by engaging in activities such as asking questions and sharing the live stream.Participants can earn further rewards by sharing the Mongy campaign Blink on X. If the Blink is revealed to have a rare cover, that user will be eligible for a cut of an extra 2,000,000 MEME2O points. The points will be distributed to winners’ Bybit Web3 Wallets after the event ends.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony auBybittony.au@bybit.comThis article was originally published on Chainwire More

Using a political analogy, Vitalik Buterin noted that two distinct groups exist. These include those with power and those trying to wrestle it away. While the parties with power are often considered authoritarian amid possible incompetence, those in opposition are considered too feeble to implement actual changes.To Vitalik Buterin, this applies to the Bitcoin blockchain where, mostly, no innovation is taking place – as many hoped for. Buterin pointed out that the attempt to create alternatives through other chains like Bitcoin Cash (BCH) has proven almost ineffective.To mitigate this one-sided competence war, Vitalik Buterin suggested that the opposition needs to realize that this fundamental problem exists. Then, they need to create solutions to the problem intentionally. Vitalik Buterin said identifying the problem is not nearly enough, as a concerted effort is needed to restore the core operational tenets for a blockchain that will truly compete with traditional payment giants.For example, layer-2 scaling solutions are doing a great job in fees, while alternative layer-1 networks like Solana, Cardano and XRP Ledger are also advancing the usability features of what a functional blockchain should be like.This article was originally published on U.Today More

Among other things, Ardoino described Bitcoin as an option against human finance. No one can change it and no one can tame it, says the prominent cryptocurrency figure. Bitcoin will always be available when needed, Ardoino continues, positioning the cryptocurrency as a financial resource that will remain unchanged in the developing world despite volatility.The comments from the head of the largest stablecoin reflect the common belief among cryptocurrency fans and investors that Bitcoin is a safe store of funds and a hedge against the overly volatile intrinsic value of traditional currencies. He is convinced that crypto is here to stay, regardless of the economy or market fluctuations.The words of Ardoino, in particular, align with statements made by Robert Kiyosaki, Elon Musk, Ripple CTO David Schwartz, Peter Brandt, Michael Saylor and many more. All of these people, experts in their own field, made the choice that BTC is the “people’s money.”This article was originally published on U.Today More

DSCVR, the largest web3 social media and community-building platform, announces the launch of Canvas, a groundbreaking framework that enables developers to effortlessly build and integrate custom applications directly into DSCVR’s social feeds. With just a few tweaks any web application can be made into a Canvas application. Combined with DSCVR’s API, Canvas provides an easy-to-build framework to launch and distribute embedded apps on the DSCVR platform.Canvas apps can have rich interfaces previously unseen in Web3 social that extend beyond the existing frame standards of buttons and textboxes to support games, interactive media, and more. Developers can find viral distribution for Canvases in feed, making them instantly accessible to the community and scaling them across hundreds of thousands of users. With Canvas, building, launching, and managing embedded apps has never been easier or more innovative, offering end users dynamic and rewarding experiences.A New Era of Web3 Embedded App DevelopmentDSCVR Canvas introduces a framework that makes app creation accessible to a breadth of developers, from seasoned engineers to students just learning Javascript. The platform offers a user-friendly interface that simplifies the development process, allowing anyone to build dynamic, interactive applications without advanced technical skills. Canvas is also built to support existing Frames and Solana Blinks so developers in these ecosystems can easily share their apps on DSCVR.With more canvases being built on DSCVR, users will enjoy a wide range of fun and engaging experiences directly within their social feed. From interactive games and trading platforms to token minting, DSCVR Canvas Embedded Apps will enrich the user experience, making social interactions more dynamic and rewarding. These apps will allow users to easily monetize their activities, participate in immersive gaming and trade digital assets, transforming the way they interact on the platform. At the same time, this is an opportunity for developers to gain distribution for their applications to an audience of hundreds of thousands of users.Launch Event and Community EngagementTo celebrate the launch, DSCVR will be organizing a global hackathon on August 5th hosted by Dorahacks to encourage experimentation and creativity among its developer community. Sponsors include Metaplex, Matrica, Helius, Spiderswap and Tweed. Notable judges include Austen Federa, Jon Wong, and Pedro Miranda from the Solana Foundation as well as Josh Finer from Solana Ventures. With over 500k monthly unique visitors, DSCVR (pronounced “Discover”) is a Web3 social network combining the usability of a Web2-style social app with crypto technology that unlocks ownership, monetization and distribution for users, creators, and projects. Through its native crypto functionality, DSCVR rewards users and supercharges community-building, while its API allows developers and partners to build applications that target through the social graph, distribute through the feed, and monetize in posts. DSCVR’s seed investors include Polychain Capital, Upfront Ventures, BDMI, Shima Capital, Tomahawk VC, and Fyrfly Venture Partners.Users can follow DSCVR on Twitter (X) for more updates.ContactPress InquiriesCher ParkDSCVRpress@dscvr.oneThis article was originally published on Chainwire More

In a major leap towards simplifying the Web3 experience, Tria introduces ‘Unchained,’ a modular chain-abstraction infrastructure designed to streamline today’s fragmented asset management in Web3 and power a fluent UX on the Injective blockchain.New ecosystems are emerging rapidly – causing a cluttered landscape of managing multiple wallets, fragmented assets and multiple blockchain-specific tooling. Tria allows users to use any asset on any dapp, across any chain without needing other wallets, bridging, or acquiring gas tokens – all powered by chain abstraction.Now, Tria is bringing the incredible UX of chain-abstraction to the Injective ecosystem, a leading interoperable L1 blockchain to un-chain Web3 complexities – one step at a time. Injective is the fastest layer 1 blockchain with more than 800M on-chain transactions and an FDV (fully diluted market cap) of $2.5 Billion USD.Unchained is a modular, Chain-abstraction AVS Layer 2 built on Cosmos SDK with dual-execution EVM compatibility. This innovative construct allows users to access assets and dApps on hundreds of chains with a centralized-exchange-like, real-time Web3 experience.What Tria is bringing to Injective:Tria is at the forefront of chain-abstraction innovation, empowering users and developers to access the entire Web3 without the friction of today’s user-experience. Built in stealth, by crypto degens and funded by OGs, Tria is thrilled to unveil the next monumental step in redefining the finance UX on Injective. Users can follow Tria and Injective on Twitter to stay up to date on what chain abstraction is set to enable for the ecosystem and the broader Web3 landscape. Users can follow Tria’s TwitterContactCo-FounderVijit KattaTriavijit@tria.soThis article was originally published on Chainwire More