Greetings, friends! A new month dawns, and we’re here with EmoneyMax to delve into the week that was in the cryptocurrency realm. Welcome back!
EmoneyMax about Bitcoin
Amidst market turbulence, Bitcoin whales persist in accumulating, hinting at a positive forecast. Cointime reports Bitcoin’s recent volatile value, now at $29,072 without solid support. Despite this, cryptocurrency heavyweights continue to amass without cashing out, projecting an upbeat market sentiment and a forthcoming price surge. Anticipating the 2024 Bitcoin halving to initiate a fresh market cycle with substantial price spikes. While institutional investors trust Bitcoin’s potential, retail investors should conduct thorough research before committing.
Keeping up with market changes remains essential in the ever-evolving world of cryptocurrencies, and most importantly, knowing when to start Advertising your project before the next bull run. Let the leading Advertisement team, EmoneyMax.net announce your project.
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EmoneyMax about Altcoins
Shiba Inu leads in revenue with $23 billion in 24-hour sales;
The total trade volume for the entire industry over the past 24 hours is $23 billion, according to CoinGeck. The good news is that the market is growing today, even if just a little bit.
Most impressive is that Shiba Inu (SHIB) continues to post gains of over 5% and remains the best among major coins by total market capitalization.
In fact, SHIB’s weekly earnings are now above 12%, which is remarkable in a stagnant market like this one.
Elsewhere, FLEX Coin tops the 100 with a 14% increase, followed by GALA with 8.7% and ApeCoin (APE) with 8%.
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Weird plans to restart the FTX 2.0 Exchange are unrealistic;
But it’s also understandable that FTX lenders seek a less stinky way out. The FTX 2.0 reboot proposal is included in the reorganization plan submitted on Monday, July 31st.
News of the filing caused FTT tokens to rise from $1.34 to $1.55. But soon after, they settled even lower than before. Anyone who had FTT tokens and was looking for an opportunity had a short window to sell with kisses.
It turns out that the idea has several drawbacks. To begin with, it would be like bringing back Enron, Exxon Valdez, or Lehman Brothers.
Trump, Kennedy, and More: How Do Presidential Candidates View Cryptocurrencies in 2024?
Potential candidates for the upcoming 2024 US presidential election include cryptocurrency enthusiasts such as Robert Kennedy, Ron DeSantis, and Francis Suarez. The race promises to be exciting and competitive, with leading candidates from both the Democratic and Republican parties vying for the presidency. Key campaign goals include US economic well-being, improved health care, immigration policy, and more. Some candidates have also focused on cryptocurrencies and promised to boost the industry if elected. We will examine the pro-crypto and anti-crypto positions among the declared candidates.
Is the Ethereum ETF Coming? ETH ETF indices rise 75%.
There are now more live Ethereum futures ETF requests than spot Bitcoin ETF requests.
While investors are busy anticipating a potential Bitcoin (BTC) spot ETF, the approval of an Ethereum (ETH) ETF could also be waiting around the corner.
Bloomberg analysts now estimate a 75% chance that such a product will be approved in the US this year.
Does XRP come to the rescue? Coinbase Is Appealing Ripple’s Decision and Trying to End SEC proceedings.
Coinbase said that crypto assets fall outside the SEC’s delegated authority as established by Congress.
Coinbase, the largest cryptocurrency exchange in the US, has filed a motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC).
An application filed in the US District Court for the Southern District of New York ruled that a crypto asset is not an investment contract or security and therefore does not fall within the delegated authority of the SEC as defined by Congress.
Shiba Inu (SHIB) Lead Developer Calls Coinbase Onchain Summer a Copycat.
Coinbase, a major US cryptocurrency exchange, unveiled the “Onchain Summer”, prompting lead Shiba Inu (SHIB) developer Kusama to call it a replica. As reported by CryptoPotato, the month-long event highlights the innovative daily achievements of 50 network creators and will culminate in the public launch of Base on August 9th. Kusama responded to the post.
Bitget Announces Partnership with American Comedian Adam Devine to Reach Gen Z Audiences.
Seychelles crypto derivatives exchange Bitget has revealed a year-long partnership with comedian Adam Devine for the #SetForChange initiative. Bitget aims to improve cryptocurrency education and adoption with a fun strategy. This follows BitKeep’s rebranding, consolidating its position as the fourth-largest exchange by trading volume despite the bear market.
Litecoin Undergoes 3rd Halving, but LTC Drops.
Litecoin, a long-lived blockchain protocol, recently experienced its third miner reward halving from 12.5 LTC to 6.25 LTC every four years on Aug. The halving is generally seen as a potential driver of long-term token price growth. The value of LTC surprisingly dropped after the event, trading around $82.62 on Aug 6 at 22:46 UTC. The protocol team shared a message on Twitter that coincided with a block height of 2,520,000.
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