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Jun 30, 2023 at 10:30 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the Ethereum price (ETH) has reached resistance at $1,920, but has retreated. This has been the price movement since the June 21 price rally. Long-term analysis of the Ethereum price: bullish In other words: Expecting a positive trend, the largest altcoin is fluctuating between $1,800 and $1,920. If buyers can overcome the resistance level of $1,920, the altcoin will climb to the psychological mark of $2,000. On the downside, buyers are clinging to the $...

John Deaton argues ADA, MATIC, XRP, and ALGO are not securities. Deaton saying those tokens are software codes. Lawyer Hogan points out that Coinbase has to defend the non-security status of numerous tokens. Classifying crypto tokens as securities remains a hot topic in the crypto community, given the ongoing suits against Binance and Coinbase. John Deaton, a prominent lawyer advocating for XRP, challenged the notion.  Deaton argued that tokens such as ADA, MATIC, XRP, and ALGO should not be labeled as securities. He emphasized that these digital assets are code sequences existing in software and traveling through cyberspace.  The lawyer asserted that the classification of tokens as securities should be determined based on the landmark Howey case, which sets a precedent for evaluating investment contracts.  All I know is that ADA, MATIC, XRP, ALGO, etc are NOT securities. They are digital code sequences, existing in software, traveling through cyb...

Join Our Telegram channel to stay up to date on breaking news coverage In its first legal response to the lawsuit filed by the US Security Exchange Commission (SEC), Coinbase stated that the assets traded on its platform do not fall under the Commission’s jurisdiction. The exchange claims that the regulators have overreached and are in violation of due process. Coinbase Counters SEC Lawsuit On June 6, the US crypto exchange woke up to a lawsuit from the SEC claiming that Coinbase was operating as an unregistered broker, crypto exchange, and clearing agency. According to the SEC, these roles should be handled separately, as is the case in traditional security markets. Additionally, the SEC named 12 assets that it claimed were securities. As a result, Coinbase was said to be transacting in unregistered securities because the Commission views the staking program as an investment contract. However, in Coinbase’s answer to the SEC’s complaints, the exchange stated that the assets ...

Gary Gensler’s actions have received a lot of flak from players across the industry. Former SEC Chairman Jay Clayton has slammed Gary Gensler’s regulatory approach. During his recent interview with CNBC, Clayton quotes Gensler’s previous remarks “if we’re not losing cases, we aren’t suing enough businesses”. advertisement Clayton believes that this shows a fundamental shift in how Americans see the role of the government and that Gensler’s approach is not the right one. “I don’t want to be in a place where the government brings in cases where they think they are going to lose,” said Clayton. He added that the regulator should only bring cases that they think will pass the judicial muster. Gemini exchange co-founder Cameron Winklevoss called it a “total abuse of power” by Gary Gensler. A must watch. Former SEC Chairman Jay Clayton describes the new and deeply un-American ethos of the...

Join Our Telegram channel to stay up to date on breaking news coverage The digital asset incubation studio and the team behind the popular blue-chip non-fungible token Azuki, ‘Chiru Labs,’ has hinted at launching a new NFT collection soon. Azuki teaser appears a few hours after dropping its new Elementals NFTs. Blue-chip Azuki Teases New NFT Collection In a June 28 blog post, Azuki hints at launching a new non-fungible token collection in the coming months or weeks. The teaser appears just hours after launching a new NFT collection called “Elementals.”The new NFT collection went live on June 27 and sold out all in presale. One more thing… This one’s still a little green: pic.twitter.com/FpeG96L4eg — Azuki (@Azuki) June 28, 2023 Launched in November 2021, Chiru Labs is a web3 studio aimed at shaping the future of storytelling. The digital asset firm is renowned for creating one of the most successful non-fungible projects in the N...

The Cartesi price prediction shows that CTSI could renew the bullish trend after testing the support level of $0.14 today. Cartesi Prediction Statistics Data: Cartesi price now – $0.15 Cartesi market cap – $112 million Cartesi circulating supply – 739.4 million Cartesi total supply – 1 billion Cartesi Coinmarketcap ranking – #184 CTSI/USD Market Key Levels: Resistance levels: $0.25, $0.27, $0.29 Support levels: $0.05, $0.03, $0.01 CTSIUSD – Daily Chart CTSI/USD continues to hover around $0.15 after touching the daily high of $0.16. The Cartesi price is currently changing hands above the 9-day and 21-day moving averages but, with a gain of 4.30% since the start of the day. Despite the recovery, the coin is still hovering below the daily of $0.20. Cartesi Price Prediction: Would Cartesi Price Spike to the North? At the time of writing, the Cartesi price is likely to spike toward the resistance level of $0.20 as the initial move toward th...

VASP expenditures are varying between 20 million to 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing. According to a June 27 report by local news outlet Foresight News, Web3 firms in Hong Kong are spending anywhere between 20 million to 200 million Hong Kong dollars ($2.55 million to $25.5 million) for the acquisition of a Virtual Asset Licensing Regime (VASP) license s. Sources explained: "Since traditional financial institutions have no relevant prior infrastructure before, and have gone from 0 to 1 in various aspects such as products and teams, the cost [associated with VASPs] has been to be very high. However, even for an experienced cryptocurrency institution, the cost of obtaining a license is not cheap." Analysts at Foresight mentioned that Hong Kong subsidiaries of exchanges such as OKX, BitgetX, HashKey Pro, OSL, and Gate.io have already begun operations. As of June 27, OKX has since grown to 8,800 registered users in Hong Kong wi...

A crypto analyst predicted in a tweet that the price of XRP is  likely to rise soon. The analyst’s belief was based on historical data which showed that increased network activity has caused XRP to rise. At press time, the remittance token was worth about $0.4788 after it printed a 1+% 24-hour loss. A well-known crypto trader and analyst, Ali, shared a post on Twitter yesterday wherein he speculated whether the price of Ripple (XRP) could rise in the next few days. The analyst based this belief off of the fact that in the last three instances the price of XRP jumped after there was an increase in the number of active XRP addresses. It is thus worth noting that recent data from the market intelligence firm, Santiment, indicated a spike in XRP’s network activity over the past few days. As a result of this, the analyst shared his belief that the price of XRP will likely jump if history repeats itself. Since the post was made, XRP has been unable to pull ...

Seoul authorities impose travel restrictions on individuals associated with Haru Invest, Delio, and B&S Holdings. Haru Invest and Delio suspended withdrawals due to issues with service partner B&S Holdings. Concerned users express worry about lack of information from Haru, leading to legal action. According to local reports from Digital Asset, the Seoul Southern District Prosecutors’ Office’s second financial investigation division imposed travel restrictions on key individuals associated with Haru Invest, Delio, and B&S Holdings due to their alleged involvement in a criminal complaint concerning fraudulent activities related to the suspension of digital asset withdrawals. The banned individuals include executives from Haru, the CEO of Delio Jeong Sang-ho, and a major shareholder of B&S identified by the surname Bang. On June 13, the South Korean digital asset management platform Haru Invest suspended withdrawals due to an “issue wi...

Influencer Pentoshi suggests investors are excited about BlackRock’s BTC ETF and should anticipate an Ethereum ETF with staking and custodial rewards. Analyst Adam Cochran agrees with Pentoshi’s point. Concerns about BlackRock’s potential control over Ethereum emergence. Crypto influencer Pentoshi set the crypto community abuzz with a tweet suggesting that if investors are excited about the potential BlackRock Bitcoin exchange-traded fund (ETF), they should also anticipate an Ethereum ETF. Pentoshi’s tweet highlighted the appeal of yield to the elderly demographic while proposing the idea of an Ethereum ETF that incorporates staking, where custodians take a share of the rewards, offering a win-win scenario for investors. If you love the idea of the Blackrock $BTC etf, you'll love the $ETH ones There is nothing more in this world that the elderly love than yield. Look it up. Imagine Eth being offered + staking where custodians take some off the top. ...

Aave Price Jump and Possible Triggers At the time of writing, Aave is changing hands at a spot price of $74.46 after printing a parabolic 29.04% growth in the past 24 hours. The coin has now extended its gains in the past month where it has increased its value by more than 45%. As it stands, Aave is one of the biggest beneficiaries of the recent price rally and is now trying to pare off the losses it has accrued in the past year. advertisement AAVE/USD 1D Chart. Source: CoinMarketCap The trigger for this growth is not far-fetched as the protocol has doubled down on its innovation with respect to its V3 engine. Over the course of the past week, Aave has expanded the number of assets that users can inject cash into or provide liquidity for to multiply their productivity. Aave has also recorded a number of upgrades that now makes the usage of the platform more seamless for users. The Decentralized Lending offering that Aave is known for has seen limited competi...

Speculation is mounting that Tether’s USDT, the largest stablecoin by market capitalization at around $83.4 billion, may be under pressure. There is currently no indication of a USDT depeg and USDT is trading at almost exactly one dollar. However, a stablecoin, which is nominally pegged to a stable asset (in the case of USDT, the US dollar) can lose parity with that asset. Specific liquidity pools on the Uniswap and Curve protocols — the deepest pools in the DeFi ecosystem — currently seem to be flood ed with USDT sellers. When sellers flood the market it can cause a rapid depeg, a situation noted during the Silicon Valley Bank collapse, when the well-regarded USDC stablecoin (issued by Circle and Coinbase) lost its peg and fell as low as $0.93 before regaining its dollar parity within a couple of days. According to Blockworks Research analyst Ren Kong, two major pools appear susceptible to significant selling pressure right now: The Curve 3pool, which holds $380 million of USDT...

Outspoken bitcoin maximalist Max Keiser has made a controversial allegation, branding Ripple as a “Ponzi scheme ,” adding that the millions of dollars spent by its CEO, Brad Garlinghouse, have failed to rescue the blockchain company. Bitcoin supporter blasts Ripple, claims it is a “Ponzi scheme” Keiser used examples from Wall Street and the banking industry to illustrate the importance of power and money. He referred to the views of Jamie Dimon of JP Morgan who thinks that Garlinghouse’s significant financial resources will not be enough to compete against the might of the federal government and influential individuals. Of course the SEC is ‘overreaching’ but that won’t stop them from killing off XRP and every other shitcoin. (Except BTC, of course. It’s untouchable). Because there is virtually no rule of law whatsoever in Wall St/finance for those with $ and clout. Brad Garlinghouse has been… https://t.co/NwH9sH6qk8 — Max Keiser, sr. bitcoin adv...

Report indicates that Asian countries are likely to benefit from the United States’ scrutiny of the crypto realm. Countries like Hong Kong and Singapore are expected to benefit the most. The uncertainty of crypto regulation in the US is affecting crypto firms. A report from the Straits Times on June 23 mentioned that Asian countries like Hong Kong and Singapore are expected to benefit most from the U.S. scrutiny of the crypto realm. Recent months have shown that the U.S. government isn’t keen on fostering a thriving digital asset industry and the innovation that comes with it. Confusing rules about how to classify assets and government officials making hasty comments about anything related to the industry have only made things worse. As a result, many prominent crypto and fintech companies are leaving the U.S. and heading to Asia, where the rules are clearer. According to Liu Yusho, the founder of Singaporean exchange Coinhako, Asia already has a thr...

Cryptocurrency analysts have moved their attention to Microsoft AI technology, with the goal of better understanding the potential PR ice trajectories of specific cryptocurrencies. To see what kind of results this has yielded investors, we asked Microsoft AI to PR edict the future PR ice movements for three notable Altcoins , including Tradecurve, Aptos, and Floki. Join us as we uncover the results and compare them to the chart data behind each altcoin. The Price Outlook for Aptos According to Microsoft AI The first cryptocurrency we asked Microsoft AI about in Aptos. According to the AI-driven chatbot, Aptos will be at a price of around $7.74 and $9.48 by the end of 2023. The AI noted how some analysts are more bullish and predicted that Aptos would be $20 in value. However, it is important to note that these are just predictions and that the actual value could be much lower. The factors that can contribute towards this high price are the scalable and secure infrastructure...