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MATIC price finds support at $0.6887 amid bearish pressure. Rising trading volume indicates increased interest in MATIC and heightened volatility. The widening Bollinger bands suggest potential upward price movement. Polygon (MATIC) bears have outnumbered bulls in the previous 24 hours, with bullish attempts to recoup failed after falling short of the $0.7129 resistance. As a result, MATIC’s price fell to a 24-hour low of $0.6887, where it found some support. The MATIC price currently trades at $0.7012, indicating a slight rebound from the 24-hour low. If bulls break over the $0.7129 barrier, it might suggest a trend reversal and a shift in sentiment toward the bulls. However, if bears continue to maintain pressure and thwart a breakout, the price may fall lower near crucial support levels. MATIC’s market capitalization fell by 1.50% to $6,538,892,166, while its 24-hour trading volume increased by 21.81% to $237,828,251. This rise in trading volume i...

Today marks eight years since the Ethereum Foundation first announced the rollout of its network. The crypto community has come together to celebrate the 8th birthday of the Ethereum network, marking eight years since when the Ethereum Foundation first sent the network live. On July 30, 2015, former Ethereum Foundation CCO Stephan Tual penned a blog post, officially announcing that the network had been rolled out. "The vision of a censorship-proof ‘world computer’ that anyone can program, paying exclusively for what they use and nothing more, is now a reality," he wrote.  Screenshot of blog post from Stephan Tual. Source: Ethereum Foundation Eight years later, Ethereum and its native currency Ether (ETH) has grown to become the second largest crypto asset in existence, boasting a market capitalization of $225 billion and more than 1,900 monthly active developers. 8 years of growth Community members marked the occasion by sharing fond memories and looking back at its prices,...

Join Our Telegram channel to stay up to date on breaking news coverage A recently published policy paper has spotlighted stablecoins and their potential risks to the financial system. Stablecoins: Not Your Typical Bank Deposits, Says Paradigm’s Policy Paper Authored by former Federal Reserve Board analyst Brendan Malone for tech investment firm Paradigm, the paper contends that equating stablecoins with traditional bank deposits is too simplistic due to their unique attributes. Stablecoins, cryptocurrencies pegged to assets like the U.S. dollar, differ notably from bank deposits in their avoidance of “maturity transformation”—where banks use short-term deposits for long-term loans, thereby creating constant risk management demands. The recent Silicon Valley Bank collapse exemplifies the dangers of maturity transformation, as a discrepancy between long-term client deposits and immediate withdrawal demands led to financial instability and regulatory int...

Join Our Telegram channel to stay up to date on breaking news coverage Grayscale, the crypto asset manager, has called on the SEC to approve all spot Bitcoin ETFs simultaneously in response to recent regulatory developments. The company, including its own applications, has filed for eight Bitcoin ETFs. Grayscale emphasizes the importance of avoiding the favoring of specific players and instead advocates for a fair approach that offers consistent guidance and feedback to all issuers. This move aims to prevent any one participant from gaining an unfair advantage in the market. The SEC should approve spot #bitcoin ETFs to trade in the US. What’s more, their previous approval of bitcoin futures ETFs shows that they are already in a position to do so. Read more about the latest from our legal team: https://t.co/UC8ksqNcwy $GBTC $BTC — Grayscale (@Grayscale) July 27, 2023 Grayscale urges SEC to ensure fairness to investors and issuers in its approval process, regardle...

A CME Group report shows that the ETHBTC pair is heavily influenced by various factors, including tech stock performance, the US dollar strength, and Bitcoin (BTC) supply changes. ETHBTC tracks tech stocks Cryptocurrency enthusiasts often monitor the performance of technology stocks as it significantly influences ethereum’s value more than bitcoin’s. According to Erik Norland, a senior economist and executive director at CME Group, ETH is likely to rise against BTC, on days when tech stock s surge.  Source: CME Group The different effects on Ethereum and bitcoin are due to their distribution and utility. The analyst highlighted the practical use of Ethereum’s smart contract network, contrasting bitcoin’s main function as a highly fluctuating store of value and defense against fiat depreciation.  While both coins are recognized for their volatile prices, their exchange rate appears fairly steady, with about 30% daily volatility over the past year, compared...

Twitter personality humiliated the BTC bears as they failed to crash BTC to $12K last November. BTC looks in good shape. It may test the trendline which is around the $28K and $29K area.  Buyers may need to consider entering the market at the trendline in the hope of a spike. Satoshi Flipper, a futures trader, humiliated the Bitcoin bears who thought they had the upper hand in the market last November. Based on the perception that they controlled the market, the bears strongly believed that Bitcoin’s fall to $12,000 was imminent back then. However, it wasn’t to be. Last Nov, I was arguing w/ bears who thought 12k was imminent & thought they had some upper hand. Fast forward 2x & 10 months Now I'm arguing with bears about 29k vs 30k and they STILL think they have some upper hand. After a 2x. LMAO Like fam, you lost the Bitcoin war for… — Satoshi Flipper (@SatoshiFlipper) July 26, 2023 Satoshi Flipper who was always optimistic ...

South Korea has launched a crypto investigation unit to combat illicit activities in the digital asset industry.  According to a Reuters report, the Joint Investigation Centre for Crypto Crimes comprises a team of roughly 30 specialists from several areas, including the legal, financial, tax, and customs sectors. The lack of proper legal safeguards for virtual assets, frequently compared to regular equities regarding investing importance, has left market participants open to abuse. The Prosecutors’ Office recognized the critical need to close this regulatory gap. It emphasized the team would protect investors until more thorough legislation and processes can be implemented to oversee the crypto market. Given the multifaceted nature of crypto crimes, the investigation team will focus on cryptocurrencies with high price volatility. The officials believe they provide ideal conditions for illicit trading, tax evasion, unauthorized foreign exchange transfers, the covert accumula...

Avalanche Foundation announced the introduction of ‘Avalanche Vista’ on Twitter, today. The aim of this new initiative was to accelerate the growth of tokenization. AVAX shows potential for a bullish run as it crossed the Conversion line recently. Avalanche Foundation, a blockchain platform, announced the introduction of ‘Avalanche Vista’ on Twitter, today. The Foundation explained that the aim of this new initiative was to accelerate the growth of tokenization and its role in on-chain finance (OnFi). The team further clarified, “The program will hone in on protocols across asset classes that have a clear value prop, comprehensive go-to-market strategy, and thoughtful view on product-market fit.” Today, the Avalanche Foundation introduces Avalanche Vista, a $50M initiative to pioneer tokenization on #Avalanche Tokenization is poised to be one of the most impactful blockchain innovations of the next decade, and Avalanche is uniquely equipped to power these sy...

Venom Foundation has announced that it has crossed one million registered wallets. In June alone, Venom recorded 277 million transactions, marking an increase of 46% from May. The recent growth also includes a 93% hike in minted NFTs as part of on-chain/social tasks, reaching 5.8 million. As per reports, Venom Foundation has surpassed one million registered wallets as of July 25. Venom is an up-and-coming blockchain platform crafted to serve the needs of the Middle East, North Africa, and other emerging economies around the world. This one-million registration accomplishment follows Venom’s testnet launch in April of this year. The crypto community believes that this notable growth signifies the increasing appeal and adoption of Venom’s innovative blockchain solutions. We are delighted to share our latest Medium article, providing a comprehensive overview of our testnet journey over the past month. Discover valuable insights, updates, and key ...

A subtle change in Elon Musk’s Twitter bio has reignited rumors Dogecoin may soon be used for payments on Musk’s “everything app.” A subtle change in Elon Musk’s Twitter bio after his platform’s rebrand to “X” has again fanned the flames of speculation — that Dogecoin (DOGE) may have a future on the platform. On July 25, eagle-eyed Twitter (now X) users began pointing out that Elon Musk’s profile location now sports both an “X” and a “D” — with X referencing Twitter’s new branding, while D has been interpreted to mean Dogecoin — a memecoin he has been publicly supportive of in the past. Anyone else notice the Dogecoin (Ɖ) symbol in Elon Musks location pic.twitter.com/Y1OGT42hD2 — Morgan (@Helloimmorgan) July 24, 2023 Other observers, such as Real Vision CEO Raoul Pal came to a similar conclusion, albeit with different reasoning. In a July 25 tweet, Pal said Musk would most likely use Dogecoin to make global payments for creators on the platform, noting that the eccentric billio...

On July 23, Elon Musk announced that Twitter’s iconic bird would be replaced with X. As the rebranding took place today, it didn’t take long for Crypto Twitter to react. Musk decides on rebranding in one day On July 23 morning, Musk sparked widespread debate by announcing that he could change Twitter’s logo to X. If a good enough X logo is posted tonight, we’ll make go live worldwide tomorrow — Elon Musk (@elonmusk) July 23, 2023 Crypto Twitter seemed to be split on the subject of the alterations. Many investors, journalists, and entrepreneurs consider Twitter to be a safe haven. According to Trust Machines marketing head Dan Held, Twitter is “iconic,” and Musk is “insane” to propose renaming it as X. Insane that Musk would rebrand as something as iconic and topical as Twitter to “X” — Dan Held (@danheld) July 23, 2023 Similarly, crypto blogger Tiffany Fong said she would continue to refer to the service as Twitter, unde...

In recent years, there has been a significant surge in the popularity and growth of meme coins. These coins, inspired by internet memes, are now an important part of crypto because of their perceived potential for growth. One such example is the PEPE, which was popular after launch. However, PEPE’s excitement has subsided, and a new meme coin project, DigiToads, is taking over. In the ongoing presale , DigiToads has raised over $6.2 million . DigiToads raises over $6.2 million in presale DigiToads has gained popularity due to its unique features that set it apart from other meme coins. A significant factor is its blend of humor and practicality. DigiToads is a unique and light-hearted meme project that draws inspiration from toads instead of the more common frog themes. The project has a dedicated community has contributed to a presale funding of over $6.2 million . As a meme coin project, TOADS’, DigiToads native token, could rally by the end of the year. For this ...