Ripple, a company specializing in blockchain technology for financial services, has announced a strategic shift towards leveraging the XRP Ledger’s capabilities to deliver secure and compliant decentralized finance (DeFi) solutions for global institutions.
Ripple CTO David Schwartz confirms this renewed focus in a recent post following the company’s latest publication outlining its vision for the future. The report emphasizes Ripple’s ambition to become the leading provider of digital asset infrastructure solutions within the financial services industry.
Addressing the Demand for Secure Digital Asset Infrastructure
The financial sector increasingly demands robust digital asset infrastructure. Founded on the belief that blockchain would revolutionize global finance, Ripple has addressed this growing need for over a decade.
Initially, the emerging crypto industry lacked the elements – liquidity, trust, and clear regulations – needed for business adoption. Today, with advancements like crypto ETFs and wider institutional acceptance, the need for trusted infrastructure is paramount.
Ripple is building a suite of core components for seamless blockchain integration, including custody solutions, fiat-to-crypto gateways, liquidity solutions, and compliance tools.
XRP Ledger: The Foundation
The XRP Ledger serves as the cornerstone of Ripple’s solutions. Initially focused on cross-border payments, Ripple leverages XRPL’s low costs, speed, and scalability to offer an efficient value transfer solution. Their cross-border payment solution boasts near-global coverage and has processed over $50 billion in transactions.
Ripple’s vision extends beyond payments. Their acquisition of Metaco, a digital asset custody provider, strengthens their global product roadmap. Additionally, they plan to launch the Ripple USD (RLUSD) stablecoin on XRPL for greater flexibility in cross-border payments.
XRP Ledger: A Prime Choice for Institutional DeFi
Ripple positions XRPL as the preferred blockchain platform for institutional DeFi due to its reliability, performance, and cost-effectiveness. Stablecoins built on XRPL unlock new DeFi possibilities, and XRP’s role as a universal bridge asset is valuable for regions with high transaction costs.
The XRP Ledger’s efficiency is emphasized by its processing of over 2.8 billion transactions without failure. Built-in features like a decentralized exchange and advanced functionalities enable secure and compliant DeFi applications.
Projects like Archax, Sologenic, and CredeFi are building on XRPL to deliver innovative financial tools to traditional institutions. By integrating XRPL’s features, Rip
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple

Ripple, a company specializing in blockchain technology for financial services, has announced a strategic shift towards leveraging the XRP Ledger’s capabilities to deliver secure and compliant decentralized finance (DeFi) solutions for global institutions.
Ripple CTO David Schwartz confirms this renewed focus in a recent post following the company’s latest publication outlining its vision for the future. The report emphasizes Ripple’s ambition to become the leading provider of digital asset infrastructure solutions within the financial services industry.
Addressing the Demand for Secure Digital Asset Infrastructure
The financial sector increasingly demands robust digital asset infrastructure. Founded on the belief that blockchain would revolutionize global finance, Ripple has addressed this growing need for over a decade.
Initially, the emerging crypto industry lacked the elements – liquidity, trust, and clear regulations – needed for business adoption. Today, with advancements like crypto ETFs and wider institutional acceptance, the need for trusted infrastructure is paramount.
Ripple is building a suite of core components for seamless blockchain integration, including custody solutions, fiat-to-crypto gateways, liquidity solutions, and compliance tools.
XRP Ledger: The Foundation
The XRP Ledger serves as the cornerstone of Ripple’s solutions. Initially focused on cross-border payments, Ripple leverages XRPL’s low costs, speed, and scalability to offer an efficient value transfer solution. Their cross-border payment solution boasts near-global coverage and has processed over $50 billion in transactions.
Ripple’s vision extends beyond payments. Their acquisition of Metaco, a digital asset custody provider, strengthens their global product roadmap. Additionally, they plan to launch the Ripple USD (RLUSD) stablecoin on XRPL for greater flexibility in cross-border payments.
XRP Ledger: A Prime Choice for Institutional DeFi
Ripple positions XRPL as the preferred blockchain platform for institutional DeFi due to its reliability, performance, and cost-effectiveness. Stablecoins built on XRPL unlock new DeFi possibilities, and XRP’s role as a universal bridge asset is valuable for regions with high transaction costs.
The XRP Ledger’s efficiency is emphasized by its processing of over 2.8 billion transactions without failure. Built-in features like a decentralized exchange and advanced functionalities enable secure and compliant DeFi applications.
Projects like Archax, Sologenic, and CredeFi are building on XRPL to deliver innovative financial tools to traditional institutions. By integrating XRPL’s features, Ripple aims to deliver secure and compliant DeFi solutions to a global customer base.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIB #ShibaInu

Indian crypto exchange WazirX is planning to set up a poll to let customers vote on whether to reopen the platform for withdrawals, deposits, and trading. Co-founder Nischal Shetty mentioned that they are exploring various options to aid in the recovery.
Additionally, WazirX is reaching out to projects related to the stolen tokens to get their support in recovering the funds.
Wazirx Updates on Security Breach and User Poll for Platform Reopening
Wazirx, a major Indian cryptocurrency exchange, recently addressed the significant security breach that resulted in the theft of over $230 million from its platform. Co-founder Nischal Shetty shared an update on social media, revealing that the company is exploring several options to aid in the recovery process. Despite the ongoing efforts, Shetty acknowledged that users are eager for the platform to resume normal operations, including withdrawals, deposits, and trading.
To gauge user preferences on how to proceed, Wazirx will conduct a poll, allowing customers to participate in deciding the best approach for reopening the platform. Shetty emphasized that while INR funds remain unaffected by the breach, the attack occurred through their custody provider, Liminal. Liminal has assured that all Wazirx wallets on its platform are secure and that the malicious transactions happened outside of its system.
Wazirx Updates on Recovery Efforts and Bounty Program
In a recent update on X, Wazirx detailed its ongoing efforts to address the major security breach that led to the theft of over $230 million. The exchange is actively reaching out to projects associated with the stolen tokens to seek their assistance in the recovery process. At the same time, Wazirx is working on enabling withdrawals and determining the best way to resume deposits and trading on the platform.
Additionally, Wazirx has launched a $23 million bounty program aimed at recovering the stolen assets. The exchange reported a strong response to the program, with 195 entries submitted so far.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#wazirX

Hamster Kombat is gaining huge attention with 250 million fans globally and a strong following on Telegram, where it has 53 million subscribers.
The game’s impressive user base and growing popularity suggest it could become a major force in the crypto gaming industry. With such rapid growth, Hamster Kombat is set to make a big impact in the crypto gaming world.
Hamster Kombat Poised for High Valuation Amidst Global Popularity
Hamster Kombat is quickly gaining traction in the crypto community, boasting an impressive 250 million fans worldwide. This widespread popularity is not just limited to the game itself; it has also sparked concerns from various countries, including Russia and Iran, over its potentially addictive nature and impact on their citizens.
The game’s success is reflected in its Telegram channel, which has a remarkable 53 million active subscribers. This high level of engagement underscores the strong interest in Hamster Kombat and its potential reach. At the core of its ecosystem is the $HMSTR token, with a total supply of 10 billion tokens. These tokens are already available for pre-trading on major exchanges like Bybit, Kucoin, and Gate.io, increasing anticipation for the game’s official listing.
To estimate Hamster Kombat’s market valuation, comparisons with major platforms like Facebook and Instagram are insightful. Facebook, with its 3.070 billion monthly active users, has a market valuation of $1.24 trillion, equating to approximately $404 per user. Instagram, with 2 billion monthly active users and a $100 billion valuation, values each user at about $50.
Hamster Kombat’s Valuation Could Soar to $101 Billion
Hamster Kombat is making waves in the crypto gaming sector, boasting a massive global fan base of 250 million players. The game’s Telegram channel alone has 53 million active subscribers, highlighting its widespread appeal and community engagement.
The $HMSTR token, central to Hamster Kombat’s ecosystem, is available for pre-trading on major exchanges like Bybit, Kucoin, and Gate.io. Using valuation metrics from established platforms, Hamster Kombat’s worth could range from $12.5 billion to $101 billion. If we apply Instagram’s valuation model, the game could be valued around $12.5 billion. However, using Facebook’s higher valuation model suggests a potential worth of about $101 billion.
With its large, engaged user base and innovative tokenomics, Hamster Kombat is positioned as a major player in the crypto gaming market. Despite some controversies, the game’s popularity continues to grow, and investors are closely watching for further developments. The anticipated milestones and advancements in the game’s ecosystem are likely to reinforce its status as a leading force in cryptocurrency gaming.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#HamsterKombat

As spot Ethereum ETFs make their debut on U.S. exchanges, Citi forecasts a significant inflow of $5.4 billion within six months.
Analysts are also predicting that Ethereum could reach a new all-time high of $5,000. This marks a major development in the crypto market.
Citi Anticipates $5.4B in Ethereum ETF Inflows, Analysts Project ETH Rally
Citi forecasts that Ethereum ETFs could see inflows of up to $5.4 billion within the next six months, highlighting the growing interest in regulated crypto investment options. This prediction comes as several issuers, including Bitwise Asset Management, launch their spot Ethereum ETFs on U.S. exchanges.

Investors now have multiple choices based on cost and operational efficiency. Grayscale, for example, charges the highest fees at 2.5%, with trading available on major exchanges like NYSE, CBOE, and NASDAQ.
Katherine Ding, General Counsel and Chief Compliance Officer at Bitwise, praised the SEC’s approval of the Bitwise Ethereum Fund, describing it as a regulated and efficient tool for investors to diversify their crypto holdings.
Despite the promising outlook, Ethereum (ETH) is currently trading at $3,457.20, down over 2% in the past 24 hours. Analysts remain optimistic, predicting that Ethereum could reach $5,000 this year as institutional investments begin to increase.
SEC Restrictions on Staking Ether Could Impact ETF Adoption
The SEC’s decision to exclude staking Ether from ETFs presents a potential obstacle for their adoption. Historically, the approval of similar financial products has hinged on the jurisdictional framework of futures trading, which Ethereum and Bitcoin currently do not possess, according to CNBC.
To address these challenges, new regulatory frameworks must be established. The SEC’s primary concern is to prevent fraud and manipulation, with regulated futures trading markets playing a key role in mitigating these risks. As a result, ongoing research and dialogue with the SEC are crucial for the progression and acceptance of these investment products.
Bitwise Engages with SEC on Crypto ETFs and Future Prospects
Bitwise is actively working with the SEC on potential ETF plans for other cryptocurrencies, such as Solana, though no final decisions have been made yet. The success of these ETFs will largely depend on their initial launch performance, trading volume, and how well they are integrated into client portfolios through financial advisors.
Examining international regulatory precedents might also provide valuable insights for obtaining approval for cryptocurrencies beyond Ethereum and Bitcoin.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ETH #Ethereum

Following a major IT outage caused by a software update from cybersecurity firm CrowdStrike, Shytoshi Kusama, the lead developer of the Shiba Inu project, issued a message to the SHIB community.
The outage, which impacted critical infrastructure across various industries like banking and aviation, highlighted the potential vulnerabilities of centralized systems.
CrowdStrike Outage Exposes Centralized System Risks
CrowdStrike is a widely used cybersecurity provider, trusted by many Fortune 500 companies for its software that detects and prevents cyberattacks. However, a recent update from the company triggered a cascading effect, disrupting IT systems globally. This incident served as a springboard for Kusama to advocate for decentralized solutions.
In a message posted on his X account, Kusama argued that the global outage underscores the need for a “new worldwide operating system” that is not reliant on centralized authorities. He emphasized the potential of Web3 technologies, which are inherently decentralized and designed to be more resilient against such disruptions.
Shiba Inu Tour Focuses on Web3 Transition, Not Just Token Promotion
Kusama further clarified the purpose of the Shiba Inu project’s ongoing “treating yourself” world tour, which has garnered significant viewership on social media platforms. He explained that the tour goes beyond promoting the SHIB token itself.
It aims to encourage a broader shift away from the limitations of Web2, the current iteration of the internet characterized by centralized control. Web3, on the other hand, promises a more user-centric, secure, and innovative online experience.
Shiba Inu Community Building for a Decentralized Future
Kusama acknowledged the ongoing cryptocurrency bear market but highlighted the efforts within the Shiba Inu community. He expressed confidence in the p otential “operating system of the future” built on the principles of decentralization supported by Web3 technologies.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIB #ShibaInu

The Terraform Labs bankruptcy case has set a deadline for victims of the Terra collapse to file their crypto loss claims.
Claims must be submitted by August 21, 2024, at 6:00 PM ET or 10:00 PM UTC. This deadline is a crucial step toward providing relief for those affected by the collapse of the Terra ecosystem.
Deadline for Terra Collapse Claims
Victims of the Terra collapse must file their crypto loss claims by August 21, 2024, at 6:00 PM ET or 10:00 PM UTC to participate in Terraform Labs’ Chapter 11 bankruptcy proceedings. The Terra ecosystem experienced a dramatic collapse in May 2022, triggered by the depegging of the TerraUSD stablecoin. This led to a massive $40 billion loss for investors, with TerraUSD and Terra tokens losing nearly 99% of their value. The crisis affected the broader crypto market, causing Bitcoin (BTC) to drop to $17,593 a month later.
Terraform Labs, the firm behind Terra, filed for Chapter 11 bankruptcy in January 2024 to address the fallout and restructure amid financial difficulties. The court has mandated that claims must be submitted by the deadline to participate in voting on the proposed Chapter 11 plan. Eligible claimants are those who suffered losses from Terraform Labs Pte Ltd before January 21, 2024, and from Terraform Labs Limited before July 1, 2024.
Missing the deadline will not prevent future claims but will affect voting rights on the bankruptcy plan. The deadline is for voting purposes only, not for fund distribution, which will be addressed later. Claims can be submitted online or by mail, with Epiq Corporate Restructuring, LLC overseeing the process. Detailed instructions and forms are available on the Epiq Corporate Restructuring website.

August Deadline for Terra Collapse Claims and Recent Developments
The upcoming August deadline is a pivotal moment for victims of the Terra collapse, offering them the opportunity to have their losses officially recognized in the bankruptcy proceedings. Legal and financial experts urge all eligible claimants to file promptly.
This announcement follows Terraform Labs’ recent settlement with the U.S. Securities and Exchange Commission (SEC) in June 2024, where the company agreed to a $4.47 billion payment. Additionally, recent reports confirm that the court has mandated Terraform Labs to undelegate and burn 150 million LUNA tokens and to reopen the Terra Classic shuttle bridge.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#LUNC #TerraClassic

Shibarium, the Ethereum layer-2 network supporting the Shiba Inu (SHIB) ecosystem, is on the verge of reaching a significant milestone.
The network is approaching its 6,000,000th block, with only a few blocks left to hit this achievement. This progress highlights Shibarium’s ongoing development and resilience in the crypto space.
Shibarium Nears 6M Blocks, Overcomes Challenges
Launched in August of the previous year, Shibarium initially faced several challenges, including a major technical glitch that temporarily halted transactions. Despite these early setbacks, the team behind Shibarium has worked diligently to address and resolve these issues. As a result, the network has since stabilized and now handles an average of seven million transactions per day without major outages.
A key milestone for Shibarium has been the successful integration of ShibaSwap. This decentralized exchange platform is now fully operational on Shibarium, enhancing the network’s functionality and providing users with a more efficient transaction process. The community has welcomed this development, viewing it as a significant advancement for the network.
Shiba Inu Price Declines Despite Shibarium Milestone
Despite Shibarium’s progress towards its 6 million block milestone, Shiba Inu (SHIB) has recently experienced a price decline. Currently trading at $0.00001726, SHIB has fallen over 2% from its previous levels. Historically, significant developments in Shibarium were expected to drive SHIB’s value up, but this has not yet materialized.
The Shiba Inu community remains hopeful that the approaching 6 million block milestone will eventually lead to a positive price shift for SHIB. As Shibarium continues to evolve and improve, stakeholders are optimistic that these advancements will eventually boost the value of the Shiba Inu token.
Shibarium Milestone Celebrated Amidst Broader Market Downturn
Shibarium is nearing its 6 million block milestone, and the community is focused on celebrating this progress while monitoring the network’s ongoing developments. There is optimism about how this milestone might impact both Shibarium and the Shiba Inu (SHIB) token in the future.
However, the broader cryptocurrency market is experiencing a downturn. Overall, the market has dropped by 0.56%, with major assets seeing significant declines. This downturn is attributed to a large Bitcoin (BTC) transfer by Mt. Gox. In the past 24 hours, leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) have each seen price drops of over 1%, 2.2%, 1.5%, and 1.05%, respectively.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIB #Shibarium

Shiba Inu (SHIB) has dropped by 13% over the past week, mainly due to issues with Shibarium, its layer-2 blockchain solution. While the short-term outlook for SHIB is bearish, some analysts are still hopeful about its long-term potential.
Shiba Inu (SHIB), the popular meme cryptocurrency, has seen a notable 13% drop in value over the past week, according to CoinGecko. This decline is largely due to disappointing performance from the Shibarium layer-2 blockchain solution. Analysts think that this bearish trend could continue in the near future.
Shiba Inu (SHIB) Market Analysis: Support Levels and Long-Term Potential
A prominent analyst on X has pointed out that Shiba Inu (SHIB) is currently in a “neutral zone,” trading between $0.0000185 and $0.0000164. They warned that a breach below the key support level of $0.000017 could lead to a further decline to $0.000015. Recent market activity supports this view, as SHIB briefly fell below this crucial support. The analyst noted the presence of a potential bearish triangle on the charts, which complicates the short-to-medium term outlook.
Despite this bearish sentiment, some experts are optimistic about SHIB’s long-term potential. Another analyst, Rekt Capital, has set a bullish forecast, suggesting that if SHIB surpasses the resistance level of $0.000033285, its price could increase significantly. This perspective highlights the possibility of substantial growth if SHIB can overcome key resistance levels.
Adding to Shiba Inu’s troubles, the Shibarium layer-2 blockchain solution has been struggling with performance issues. Recent data shows a significant drop in daily transactions, with only 2,310 recorded on July 23rd, down 83% from figures seen in late June. Additionally, there has been a decrease in active accounts and new contracts on Shibarium, causing concern among investors and stakeholders.
Shiba Inu (SHIB) Faces Short-Term Challenges Amid Shibarium Upgrades
Shiba Inu (SHIB) is currently facing a challenging period, marked by a notable decline in its price and underwhelming performance from its Shibarium layer-2 blockchain solution. Despite recent upgrades to Shibarium, including enhancements to its user interface for better compatibility with popular self-custody wallets like MetaMask, Coinbase Wallet, and Trust Wallet, these improvements have not yet led to the anticipated positive impact on SHIB’s price in the short term.
In summary, SHIB’s short-term outlook remains bearish due to its significant price drop and the current issues with Shibarium’s performance. However, the long-term prospects could be more promising if critical resistance levels are successfully breached. Investors and market participants should closely monitor performance metrics and expert recommendations before making trading decisions.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIB #ShibaInu

Spot Ethereum ETFs have finally been approved in the United States, marking a major milestone for the cryptocurrency market. This is likely to increase institutional interest in Ethereum, the largest altcoin, and could also impact the market values of memecoins like PEPE.
Looking at Bitcoin’s experience can be instructive. After the approval of its Spot ETF, Bitcoin quickly reached a new all-time high. This surge not only boosted Bitcoin but also positively affected other cryptocurrencies, including altcoins and memecoins. We might see a similar effect with Ethereum ETFs.
PEPE Poised for Potential Surge with Spot Ethereum ETFs Approval
In just 30 days, Spot Bitcoin ETFs experienced daily net inflows of approximately $125 million. This robust inflow was a positive indicator for Bitcoin’s future performance, which saw substantial gains in the following months.
PEPE also benefited significantly from the approval of Spot Bitcoin ETFs, with its price surging by 86.56% within just a week. Given PEPE’s strong correlation with Ethereum, a similar reaction might be expected once Spot Ethereum ETFs begin trading.
Currently, PEPE is consolidating after breaking out from a bullish flag pattern on its charts. This phase often signals a potential continuation of bullish momentum. The $0.0000015 level has emerged as a strong support, with PEPE rejecting this level multiple times, suggesting a possible bullish rally ahead.

Additionally, PEPE has historically followed a pattern of seasonal consolidation followed by significant price rallies. With its recent breakout from a bullish flag, there’s potential for a notable price increase in the near future.
Market Indicators Suggest Potential Rally for PEPE with Spot Ethereum ETFs
Recent data from IntoTheBlock shows a notable drop in large transactions, decreasing from 179 to 129 over the past week. This decline, which represents a 27.93% drop in the last 24 hours, might signal upcoming significant price movements on the charts.

Coinglass liquidity level data also points to a balanced market, with bulls holding a slight advantage. This suggests that investors are anticipating a short-term increase in PEPE’s price, which supports the likelihood of a potential rally.

Overall, the current market dynamics appear favorable for PEPE and other memecoins closely correlated with Ethereum. As Spot Ethereum ETFs begin trading, these memecoins could experience a rally. However, the duration of this rally remains uncertain.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#PEPE #pepecoin🐸

Jupiter, a top DEX aggregator on the Solana network, is making a big impact by taking up to 80% of the network’s priority fees through its validator, JupSOL. This boosts Jupiter’s competitiveness and expands its trading options.
As Jupiter grows and handles more trades, it’s earning more priority fees. JupSOL now outperforms the former leader, Jito, in attracting SOL fees, which means better rewards for those who delegate their SOL to JupSOL.
Jupiter Dominates Solana Priority Fees as Meme Token Trading Intensifies
Jupiter now commands up to 80% of Solana’s priority fees, reflecting increased competition in meme token trading. This share has grown from 50% in May, driven by the enhanced efficiency of the JupSOL validator, which supports smoother operations for the Jupiter DEX aggregator. The JupSOL validator also offers staking opportunities with rising rewards based on DEX activity.

The priority fees collected by JupSOL are closely linked to Jupiter’s trading activity. Priority rates for Solana’s DeFi protocols can fluctuate hourly, and priority transactions on Solana remain somewhat unpredictable. Updates are anticipated to address these issues.
The high volume of failed transactions on Jupiter contributes to the need for priority fees. At times, Jupiter DEX transactions fail up to 90% of the time. On Solana, priority fees are still somewhat random and do not guarantee transaction inclusion in a block.
Since May, Solana validators now receive 100% of all priority fees without sharing. The competition among Solana validators for staking SOL and earning fees remains intense. JupSOL, though a smaller validator, is dedicated to supporting the Jupiter project.
Despite its current $543M in aggregated value, making it the sixth most active chain on Solana, Jupiter has room to grow compared to Raydium’s $1.9B in value. Nevertheless, Jupiter remains crucial for aggregating token data and executing trades on Solana.
Jupiter Emerges as a Leading DeFi Project on Solana
As of July 23, Jupiter 6 and Jupiter 4 have become major players in the DeFi space on Solana by capturing a significant portion of priority fees. Despite strong competition from other DeFi projects like Raydium, Orca, and Phoenix, Jupiter stands out by consolidating traffic from both Raydium and Orca and tracking newly launched meme assets. However, Jupiter does not manage liquidity pools, which contributes to its lower value locked.
In February, Jupiter introduced its Global Priority Fee upgrade, providing users with a transparent estimate of fees across all products. Although priority fees ensure transactions are sent to a public pool, they remain vulnerable to attacks from MEV bots. Additionally, Jupiter handles Jito fees, where transactions are sent directly to a validator.
Jupiter DEX Expands with Meme Launch Platform Amid Controversy
Jupiter DEX, one of the most dynamic projects on Solana, is led by developer @weremeow. The platform is set to expand beyond its core product with the introduction of a new meme launch platform. If successful, this addition will position Jupiter as a competitor to established projects like Raydium and PumpFun.
However, the announcement of the meme launch platform has sparked controversy. The plan involves a partnership with influencer Irene Zhao, who has a track record of launching tokens, DAOs, and NFTs that often ended in losses and suspected rug pulls. Given Jupiter’s goal of implementing a community-first profit-sharing model, the inclusion of Zhao has raised concerns within the community.
Jupiter’s Meme Launch Platform Sparks Debate, JUP Token Volatility
On Jupiter’s Discord, @weremeow explained that influencer Irene Zhao would act as a high-profile tester for the new meme launch platform, with a focus on investor protection. To incentivize involvement, the Jupiter DAO will receive a portion of the platform’s revenues.
Despite these assurances, the launch mechanism is anticipated to attract a new user base and ensure greater transparency in token selection to minimize risks.
Following the announcement, the native JUP token fell to $0.93 from a one-month high of $1.03. Jupiter recently conducted one of the industry’s largest airdrops, providing both immediate gains and staking opportunities. As of July 23, early recipients have nine days remaining to claim their JUP tokens from the January airdrop.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#JUP #Jupiter

Stakeholders with Terraform Labs Pte. Ltd. (TFL) and Terraform Labs Limited (TLL) need to act quickly to protect their voting rights. They must submit preliminary Crypto Loss Proofs of Claim by August 21, 2024, at 5:00 PM (ET) to be eligible to vote in the bankruptcy case.
This filing is crucial for stakeholders who wish to vote on the Chapter 11 plan. However, it is important to note that this process does not address how claims will be ultimately distributed; that matter will be resolved at a later stage of the bankruptcy case. Claims must be related to events involving TFL before January 21, 2024, and TLL before July 1, 2024. To ensure participation in the proceedings, stakeholders should submit their claims by the specified deadline.
Filing Requirements for Chapter 11 Voting Rights
Stakeholders with claims that arose before the specified dates must file their claims by the deadline to participate in the Chapter 11 voting process. This filing is solely for determining voting eligibility and does not impact how claims will be distributed, which will be addressed later in the proceedings.
Claims must be submitted through Epiq Corporate Restructuring, LLC’s official website or sent by hand or mail to the designated addresses. Submissions must be in English, valued in US dollars as of the petition date, and signed under penalty of perjury.
A Crypto Loss Claim includes claims related to various transactions involving Terra ecosystem crypto assets, such as wrapped, bridged, staked, bonded versions, and derivatives or swaps of these assets.
Essential Filing Requirements for Voting Rights
Individuals or entities with Crypto Loss Claims against the Debtors prior to the petition dates must file a claim to vote on the Chapter 11 plan. Exceptions apply to those who have already submitted a similar claim form, whose claims have been fully settled, or who choose not to vote on the plan.
Failure to submit the Preliminary Crypto Loss Proof of Claim by August 21, 2024, will disqualify stakeholders from voting on the Chapter 11 plan. However, it will not affect their ability to file claims for future distributions once the plan is confirmed. Adhering to these filing deadlines is crucial for participating in the voting process.
In summary, stakeholders need to act quickly to maintain their voting rights in the Terraform Labs Chapter 11 case. The filing process underscores the importance of meeting deadlines to participate in the bankruptcy decision-making process. While this preliminary filing is for voting purposes only, stakeholders can still claim future distributions, reflecting the complex nature of financial restructuring.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraformLabs

On July 22, Grayscale transferred $1 billion worth of Ether to Coinbase, marking its preparation for the launch of spot Ether exchange-traded funds (ETFs) in the United States. This significant move comes just a day before the anticipated start of trading for the first spot Ether ETFs on July 23.
Following this transfer, around 10% of the 292,000 ETH, valued at $3,525 each, was moved from Coinbase’s hot wallet to the Grayscale Mini Trust, identified as wallet “0xab3.” This detail was reported on July 23 by data provider iChaininfo.
Grayscale Moves $1B in ETH Before U.S. Spot Ether ETFs Launch
On July 22, Grayscale executed a $1 billion Ether transfer to Coinbase, just a day before the debut of the first batch of U.S.-based spot Ether ETFs, scheduled to begin trading on July 23. This substantial move indicates Grayscale’s preparations to support the ETF launch by pre-seeding funds.
Coinbase will act as the custodian for eight of the nine newly approved Ether ETFs. The exchange already manages custody for 10 of the 11 existing spot Bitcoin ETFs, as announced on July 22. On the same day, the U.S. Securities and Exchange Commission (SEC) approved the final S-1 registration statements required for the ETFs to launch on stock exchanges.
The approved Ether ETF issuers include BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, and Invesco Galaxy. Grayscale’s Ethereum Trust will be listed on the New York Stock Exchange, while the BlackRock-issued iShares Ethereum Trust will be listed on the Nasdaq.
Among the prospective Ether ETF issuers, Grayscale’s fund offers the lowest waiver fee of 0.15%, according to James Seyffart, an ETF analyst at Bloomberg.

The Grayscale Ether ETF will have no fees for the first six months of trading.
Institutional Investors Show Greater Optimism for Ether Ahead of ETF Launch
A week before the ETF launch, institutional investors demonstrated more bullish sentiment toward Ether than retail investors, according to Eugene Cheung, head of institutions at Bybit. After the ETF announcement, institutional exposure to Ether surged from 6.54% to 14.29%.
During the same period, retail investor allocation increased from 7.4% to 9.52%, reflecting a cautious but positive view on Ether’s price.
Cheung suggested that the increased interest generated by the ETFs could potentially double Ether’s price within the next six months. He further expressed optimism about Ether’s long-term prospects, predicting it could double in value over the next 18 months, offering investors an attractive risk/reward ratio.
Currently, Ether is 28% below its all-time high of over $4,800, which was reached in November 2021.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Grayscale

After President Joe Biden announced he is stepping down from the 2024 race, Vice President Kamala Harris thanked him on X and expressed her goal to win the nomination.
As the first female, Black, and South Asian Vice President, she could make more history. Let’s explore her career and possible running mates.
Kamala Harris: A Journey Through Her Career and Heritage
Kamala Devi Harris was born in California to Shyama Gopalan, a Tamil biologist from India, and Donald J Harris, a Jamaican-American professor. After her parents’ divorce, she lived with her mother and sister in various places before attending Howard University, where she earned a degree in political science and economics.
Harris began her legal career after graduating from law school and became a member of the bar association in 1990. She started as a deputy district attorney in California and was elected as the district attorney of San Francisco in 2003. Later, she served two terms as California’s Attorney General, beginning in 2010.
In 2017, Harris was elected as a US Senator from California, making her the second African American and first South Asian woman to serve in the Senate. She was known for her work on tax and health reforms, immigrant citizenship, and gun control laws.
In 2020, Harris ran for the US presidential elections but withdrew to support Democratic nominee Joe Biden, who selected her as his Vice President.
Kamala Harris’s Presidential Bid: Potential Running Mates and Key Factors
Kamala Harris now faces former President Donald Trump in her bid for the presidency. If she wins both the nomination and the election, she would make history as the first Indian-origin and first woman President of the United States. Her Indian heritage is expected to be a significant factor in the election, particularly as Republican Vice Presidential nominee JD Vance’s wife, Usha Vance, is also of Indian origin.
With Harris entering the presidential race, speculation has begun about her choice for a Vice President. One potential running mate is Arizona Senator Mark Kelly, who, following Biden’s endorsement of Harris, expressed support on X, stating, “Kamala Harris is the right person to defeat Donald Trump and lead the country into the future.” Kelly, elected in December 2020 to complete John McCain’s term, is a Navy veteran and former NASA astronaut.
Another possible choice is North Carolina Governor Roy Cooper, who has also endorsed Harris. Cooper, a lawyer by training, served as Attorney General before becoming Governor in 2016 and winning re-election in 2020. He has focused on tackling the opioid crisis and establishing children’s health insurance in North Carolina.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

Indian cryptocurrency exchange WazirX has introduced a $23 million bounty program to recover $230 million lost in a recent wallet breach. The breach impacted their multisig Ethereum wallet, causing significant losses and forcing the exchange to halt withdrawals and trading.
To tackle this, WazirX is asking white hat hackers, blockchain experts, and cybersecurity professionals around the world to assist in retrieving the stolen funds.
WazirX Launches $23M Bounty Program for Crypto Recovery
WazirX’s bounty program has two main components: “Track & Freeze” and “White Hat Recovery.” The “Track & Freeze” initiative offers rewards of up to $10,000 in USDT for information that leads to freezing the stolen assets. The “White Hat Recovery” initiative promises ethical hackers a 10% reward of the recovered amount, which could be as high as $23 million, making it one of the largest bounties in the crypto industry.
The program will run for three months, with possible adjustments depending on progress. Those interested in participating should email bounty@wazirx.com with their intent, contact details, and a detailed submission including addresses, transactions, and methods used for tracking and recovering the stolen funds.
WazirX’s Ongoing Efforts to Recover Stolen Funds
Despite the hurdles, WazirX is dedicated to recovering the stolen assets. Co-founder Nischal Shetty emphasized that their top priority is to reclaim the lost funds.
The company initially claimed that the breached wallet was managed by Liminal’s digital asset custody and wallet infrastructure. However, Liminal disputed this, stating their investigation found the hack stemmed from three compromised devices at WazirX’s end.
Recovering the stolen funds is challenging due to blockchain’s anonymity and irreversible transactions. The stolen assets were quickly converted into Ethereum and other cryptocurrencies, then spread across multiple addresses. Privacy tools like Tornado Cash further obscure the transactions, making it extremely difficult to trace the stolen funds.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#wazirX

Chainlink (LINK) is currently re-accumulating around $14.8, which suggests a potential breakout is on the horizon. This re-accumulation phase indicates a significant move could be forthcoming, with target prices set at $26.5 and $33.
LINK’s strong fundamentals and growing adoption support its bullish outlook, positioning it for a possible breakout.
Chainlink Poised for Potential Breakout
Chainlink (LINK) is showing promising signs of a potential breakout. Currently, LINK is re-accumulating at a key resistance zone of $14.8 on the daily chart. This setup suggests that LINK is poised for significant upward movement, with analysts noting that breaking above this level could trigger a substantial rally.

The $14.8 resistance zone has been crucial for LINK. According to Whale Crypto Trading, profit targets are set at $26.5 and $33. During the re-accumulation phase, investors consolidate their positions in preparation for the next major move, which often precedes a breakout, as seen in previous market cycles.
The anticipation of a breakout is supported by Chainlink’s strong fundamentals and increasing adoption. Chainlink, a decentralized oracle network, allows smart contracts to securely interact with real-world data. This unique functionality has established Chainlink as a critical component in the blockchain ecosystem, driving its demand and value.
Chainlink’s Breakout Potential and Key Resistance Levels
The daily chart for Chainlink (LINK) reveals a clear pattern of higher lows, signaling strong buying interest at lower levels. The resistance at $14.8 has been tested several times, and each test increases the likelihood of a breakout.
Investors are closely monitoring LINK’s price action, as a breakout above $14.8 could lead to a swift rise toward the profit targets. The first target of $26.5 represents a notable gain from current levels, while the second target of $33 suggests even greater upside potential.
Currently, LINK is trading at $14.3, with a trading volume of $417.8 million in the past 24 hours. Chainlink has seen daily and weekly price gains of 4.13% and 1.83%, respectively.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#LINK #Chainlink

BNB Chain has burned 1.64 million BNB, valued at $971 million, which has boosted the token’s value. This quarterly burn reduces the supply of BNB, enhancing its scarcity and overall value. The $971 million burn underscores BNB Chain’s commitment to its tokenomics strategy.
BNB Chain recently completed its 28th quarterly token burn, removing 1,643,698.8 BNB from circulation. Worth about $971 million, this is one of the largest burns in the network’s history.
BNB Chain Completes 28th Quarterly Token Burn
BNB Chain has completed its 28th quarterly BNB token burn, removing a total of 1,643,698.8 BNB, valued at approximately $971 million. This burn is a key part of BNB Chain’s economic model, aimed at reducing the total supply of tokens and increasing the value of those remaining. The quarterly burns are conducted following a well-established protocol designed to enhance scarcity and promote long-term price appreciation.
Token burns are not random; they are meticulously planned to benefit the BNB community and investors. By lowering the total supply, BNB Chain creates a deflationary effect that could boost the token’s value over time.
Despite market fluctuations, BNB has remained resilient and continues to be one of the top cryptocurrencies by market capitalization. The $971 million burn highlights the network’s dedication to its tokenomics strategy and its confidence in BNB’s future.
Binance Emphasizes Token Burns and BNB Chain’s Expansion
Binance, the company behind BNB Chain, has consistently stressed the significance of its token burns. CEO Changpeng Zhao (CZ) frequently highlights how these burns contribute to driving value for token holders. The transparency and regularity of these burns have built trust and optimism within the BNB community.
In recent months, BNB Chain has introduced several upgrades and partnerships aimed at broadening its utility and adoption. The platform has been expanding its offerings across DeFi projects and NFT marketplaces, attracting a diverse range of developers and users.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BNBChain⚡️ #Burn

Solana’s price action shows a double bottom pattern with a key level at $180. The rising ADX line in the DMI indicator indicates growing momentum in the trend. If Solana’s price breaks above $180, it could rise to $250.
As the crypto market recovers and aims for a new all-time high in 2024, the altcoin sector is becoming increasingly active. With Bitcoin trading at $67,913, the overall market could soon regain its $3 trillion valuation. During this recovery, the Solana ecosystem is growing quickly, and the SOL price might soon break above the $200 mark. The question now is whether Solana will have a breakout rally and surpass $200 in July 2024.
Solana’s Price Surge and Breakout Potential
In the past two weeks, Solana’s price has surged by 40%, climbing from $131 to $184. It has recently pulled back slightly by 1.69%, now trading at $181. Solana holds the #5 spot with a market cap of $84.25 billion and ranks #3 in the DeFi sector with a total value locked (TVL) of $5.39 billion.

The price recovery from the $130 demand zone has created a double bottom pattern, with the neckline at $185. Given the recent streak of four bullish candles, a breakout rally above $200 is highly likely.
The 75% increase in trading volume, reaching $3.25 billion, adds strength to the potential for further gains.
The daily RSI has reached a borderline overbought zone due to a significant recent jump. However, the absence of bearish divergence suggests that the uptrend could continue, supported by strong demand in the recovering market.
The DMI indicator shows an uptick in the ADX line following a bullish crossover of the VI lines, further enhancing Solana’s breakout prospects.
Solana’s Path to $250: Key Technical Levels
Examining the correction phase with Fibonacci levels reveals that the double bottom neckline is just 15 points below the $200 level. The current recovery trend is poised to break through this neckline, potentially unleashing momentum that could push the price above $200.
Based on Fibonacci levels and the double bottom pattern, the uptrend in Solana’s price has the potential to reach $250.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SOL #Solana

The President of The ETF Store has indicated that issuers might soon apply for a new ETF combining Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Solana, now the fifth-largest cryptocurrency by market cap, is increasingly seen as part of the crypto industry’s Big Three alongside Bitcoin and Ethereum. With Bitcoin and Ethereum either having or about to have spot ETFs, it’s likely that Solana will also receive this treatment. Such an ETF could have a significant impact on Solana’s market, potentially even more so than the effects seen with Bitcoin and Ethereum’s ETFs.
Surge in Spot Crypto ETFs Boosts Market and Investor Interest
This year has seen a dramatic rise in spot crypto ETFs, drawing billions from investors. The approval of spot Bitcoin ETFs on January 11 rekindled optimism in the market and paved the way for similar products for Ethereum. The success of Bitcoin ETFs has not only heightened interest in Ethereum but also driven Bitcoin prices up to $74,000.
With Bitcoin and Ethereum ETFs already launched, the possibility of additional crypto exchange-traded products, including a potential ETF for Solana, is now on the horizon. The initial success of these ETFs demonstrates a strong investor demand for diverse options and managed crypto investments.
New Spot ETFs for Major Cryptocurrencies May Be on the Horizon
In a recent tweet, Nate Geraci, president of The ETF Store, suggested that issuers might soon apply for spot ETFs combining major cryptocurrencies such as Bitcoin, Ethereum, and Solana. This development is anticipated to provide investors with diversified exposure to top-performing digital assets, highlighting the growing interest and maturity in the crypto market.
Geraci also pointed out that the ETF industry is rapidly moving towards adopting both index-based and actively managed cryptocurrency ETFs. This shift reflects an increasing demand for diversified and strategically managed crypto investment options.
By merging key cryptocurrencies like Bitcoin, Ethereum, and Solana into a single ETF, investors could gain access to a broader range of assets. This approach could potentially lower risk and enhance the appeal of crypto investments.
Crypto ETFs Signal Major Shift in Investment Perspective
The rise of crypto ETFs represents a significant change in how cryptocurrencies are perceived, transitioning from being viewed solely as speculative assets to becoming an integral part of investment portfolios. Increased involvement from financial institutions is adding credibility to crypto assets and validating their place in traditional investment strategies.
This positive shift has had a notable impact on the crypto market. Currently, Bitcoin is trading at $67,878, Ethereum is around $3,514, and Solana is valued at $181. This boost reflects the growing acceptance and stability of cryptocurrencies within the broader financial landscape.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ethereum #Solana #BTC