Author: Kent Tenix

Bitcoin has been consolidating over the past few days, putting all its efforts into breaking the $70K resistance. The chance of improvement in the BTC price increases as $52.6 million in Bitcoin is on the move. On July 31, a movement of 599 BTC was witnessed from the world’s leading exchange, Binance, to an unknown wallet. The BTC whale transaction activity made traders curious about this transaction as the BTC struggles to break the bearish momentum. The whale acquired Bitcoin in multiple transactions, transferred it into 17 different wallets, and sent the asset through the BTC blockchain. Holding Bitcoin in…

Trust wallet collaboration with the Open Network is to help Telegram users improve their GameFi and DApps experience by ensuring uninterrupted TON network transactions. This collaboration will help in increasing the adoption of blockchain technology. According to a recent press release, the partnership will allow telegram users to send and receive TON tokens. The head of product at Trust Wallet, Nate Zou explained that Trust Wallet aims to give more access to its users. Enhanced Functionality and Integration The partnership of Trust Wallet and TON promises to enhance the user experience with the blockchain and aims to add TonKeeper imports…

The SEC alters the meaning of its cryptocurrency securities in the case against Binance. Therefore, the court will stay any ruling on the original claims since the amendments are yet to be determined. On July 30, the SEC filed to amend its complaint against Binance, Binance.US, Binance Holdings Ltd., U.S., and its former CEO, Changpeng Zhao. It seeks to alter some aspects of “third-party crypto asset securities” that may impact Solana (SOL). The two parties have managed to put in place a schedule for filing the amended complaint and legal responses. However, they continue to diverge regarding the time to…

A big Ripple(XRP) whale made its move, leaving the community stunned after $14,929,313 worth of XRP transferred from unknown wallet to BitStamp. The transfer occurred when the token gained a slight momentum in its price. After this notable movement of funds, the market has closely observed Ripple to predict its future move. According to Whale Alert, the whale transfer total 24,750,000 of XRP tokens, raising a concern for the XRP community as this move indicates a major selling pressure on the token. The transfer of funds took place in the early hours of trading when XRP was trading at around…

The weekend remains favorable for Bitcoin, as the price shifted from a bearish to a bullish trend. Bitcoin witnessed a positive change heading toward the $70K mark, just 6% away from its all-time high. On July 29, the price touched $69,775 during the initial trading hours, as per CoinMarketCap data. This price movement is the highest since June, when the asset hit the $70K figure, where it found resistance and retreated slightly. Famous analysts Incomeshark posted on X, stated that the Bitcoin rally is about to start and it may cross $80K in the fall. Another crypto analyst, Titan of…

After the unexpected approval by the SEC, spot Ethereum ETFs became a hot topic in the crypto world. However, their first week of trading didn’t meet expectations, showing an underwhelming performance. On July, 26th, the new spot Ethereum ETFs experienced significant outflows for the third straight day. Launched on Tuesday, July 23rd, these ETFs have seen a net outflow of approximately $341 million in their opening week. According to SoSoValue data, spot Ethereum ETFs had a strong start with a net inflow of about $106.8 million on their first day, which market experts called a “solid start,” especially compared to…

Santiment data shows that “Bitcoin” is being talked about more positively on social media now than at any time in the past Bitcoin reaches 16 months. Bitcoin’s recent price rebound has made traders more optimistic than they have been in 16 months, according to data tracking social media comments about Bitcoin. “Bitcoin’s 20% price rally over the past three weeks has made traders much more bullish,” Santiment wrote in a July 27 post. Bitcoin is currently trading at $67,394, up 6% since July 25, according to CoinMarketCap. Source: CoinMarketCap Santiment explained that its Weighted Sentiment Index, which measures Bitcoin mentions…

Learning from the Mt. Gox and Bitfinex hacks, WazirX introduces fund recovery plans to use the best practices from these incidents to resolve the situation fairly and efficiently. Following a recent cyberattack that stole about $230 million, Indian crypto exchange WazirX has introduced a fair and transparent recovery plan to help users get their funds back.  The hack affected 45% of user funds, leading WazirX to take a fair approach to minimize disruption for its users and maintain the platform’s stability. Poll insights to guide WazirX’s asset recovery strategy In a recent blog post, WazirX unveiled its 55/45 recovery plan.…

The Irish Data Protection Commission is investigating Elon Musk’s social media platform X. This occurred due to claims that users’ data might have been used to train Musk’s AI chatbot, Grok, via modifications in the platform’s default settings. On the default setting of social media platforms, many Twitter accounts have commented that this enables the data of customers “to train Grok.” On July 25, the DPC informed TechCrunch: The Irish Data Protection Commission has been interrogating X on the existing matter for a couple of months, and the recent meeting was yesterday to fetch the outcomes. The Commission stated: “Therefore…

Donald Trump plan to revamp the dollar would spur the US manufacturing sector but may cause harm to international business and aid the BRICS economies. Donald Trump and JD Vance seek to devalue the dollar if Trump emerges as the winner. Such a strategy is causing controversy and concern. Both Trump and JD Vance argued that the depreciation of the dollar strengthens American manufacturing and reduces the trade deficit, which they say is the key to addressing the “big currency problem” that erodes US manufacturers. Will a Weaker Dollar Make the Economy Stronger? Republicans consider a weaker dollar as a…