Flux(FLUX)

In the constantly advancing universe that brings forth astonishing technological creations, blockchain networks and cryptocurrencies find a unique position. While the hi-tech globe is expanding with more blockchain platforms and crypto exchanges, the influx of crypto enthusiasts surges day by day, posing the necessity of a user-friendly crypto platform. FixedFloat, the fully automated crypto trading […]

The cryptocurrency market is in a state of flux, with Bitcoin and Ethereum exchange supplies showing a steady decline, while Tether, the popular stablecoin, is resurging in circulation. These trends offer valuable insights into the current sentiment and potential future movements within the crypto space. Bitcoin and Ethereum, the two leading cryptocurrencies by market capitalization, […]

This measure is intended to counteract the influx of "spam" and irrelevant proposals submitted for voting within the Terra Luna Classic community.

Lido DAO ($LDO) and Conflux ($CFX) went bearish in August 2023. While Lido DAO ($LDO) recorded a minor price surge, Conflux ($CFX) took a significant loss. Right now, investors say the best cryptocurrency for investment in Q3 and Q4 2023 is Borroe.Finance ($ROE). Borroe ($ROE) sold 25 million tokens within five days in the last […]

The judge in the Grayscale vs SEC case has decided in favour of Grayscale. Once more the SEC is defeated in the courts over crypto-related judgements. BTC surges on the news As the news dropped on Twitter that the SEC has been embarrassed yet again, BTC shot higher. At time of going to press BTC is up nearly 5% at $27,350. An assault on $28,000 is potentially the next step. SEC losing its battle However, all is not won yet. Losing this particular battle does not mean that the SEC has to approve a Grayscale ETF. It just means that it cannot disapprove it over the reasons that it has so far given. Be that as it may, the judge maintained that the SEC was unable to explain how Grayscale was wrong in its summation of the relationship between the bitcoin spot and futures markets. Bitcoin spot ETFs about to be approved? The news could now lead to a massive influx of capital into bitcoin should the Grayscale ETF go ahead, and of course there are a whole raft of EFTs that can potentially be approved as early as this Friday, when the SEC has to either approve them, or announce that it is going to put its decision back. Grayscale’s lawsuit against the SEC was launched in October 2022 after the SEC had rejected Grayscale’s latest application for a bitcoin ETF. The Grayscale case was mainly based on the fact that the SEC had continually rejected bitcoin spot ETFs while at the same time approving bitcoin futures ETFs, which have been allowed since 2021. Grayscale to take next steps A representative of Grayscale, was quoted in an article just published by Blockworks.co: “This is a monumental step forward for American investors, the bitcoin ecosystem and all those who have been advocating for bitcoin exposure through the added protections of the ETF wrapper,” They added: (Grayscale) “will be pursuing next steps with the SEC” after reviewing the opinion,” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The showdown between Grayscale and the U.S. Securities and Exchange Commission (SEC) over the conversion of GBTC into a spot Bitcoin ETF has garnered widespread attention. As industry experts anticipate a favorable outcome for Grayscale, investor interest is increasing in Borroe&rsquo;s new blockchain ICO of its native $ROE altcoin. Borroe Finance: Whales are Eyeing the Future The $ROE presale has ignited a fervor of excitement within the crypto community, drawing the attention of investors and enthusiasts as one of the top altcoins to watch this year. With each stage of the presale unlocking new opportunities, from the initial Stage One priced at $0.0125 per $ROE to the sold-out Beta Stage at $0.01 per token, anticipation is mounting for the upcoming stages. As Stage 2 approaches, the $ROE altcoin price will increase to $0.015, giving early participants some profits already. The crypto community is eagerly positioning itself to be part of a groundbreaking journey that promises to reshape the Web3 landscape and usher in a new era of financial possibilities. $ROE's meteoric rise is anchored in the groundbreaking work of Borroe Finance. This innovative platform has carved a niche for itself by bridging the gap between the burgeoning Web3 ecosystem and much-needed funding. Led by industry veterans Michael Price and Maxim Prishchepo, Borroe Finance boasts a team equipped with a wealth of experience in financial systems, NFTs, and blockchain technology. Innovating Web3 Financing Borroe Finance stands at the intersection of artificial intelligence and trending NFTs, propelling itself ahead of the curve. By leveraging AI-powered risk assessment and NFT-backed collateralization, the platform offers a unique marketplace where Web3 businesses can raise funds by minting cool NFTs representing future revenue streams. This innovative approach empowers content creators, NFT artists, and Web3 platform providers to unlock upfront cash from their recurring revenues. Borroe Finance has embraced the future with a fully audited smart contract. Top auditing firm BlockAudit has verified the integrity of Borroe's smart contract, providing investors with the peace of mind they deserve. The contract's address is readily available, a testament to Borroe'scommitment to transparency. Navigating the evolving landscape of cryptocurrency regulations is no small feat. Yet, BorroeFinance stands as a beacon of compliance and forward-thinking. With a keen eye on regulatory developments, Borroe Finance intends to seek regulation where possible, ensuring alignment with best practices and bolstering investor confidence that Borroe Finance&rsquo;s innovative features make $ROE good crypto to buy. As the crypto world faces its share of challenges, investors seize the opportunity to position themselves for success. In the midst of bearish market sentiment, $ROE is emerging as the go-to token for those who understand the immense potential of Borroe Finance. With analysts projecting a massive rally, $ROE presents itself as a prime investment for those seeking long-term gains. Borroe Finance's innovative approach to funding is a breath of fresh air in a market marred by traditional financing pitfalls. By creatively leveraging the power of NFTs and AI, Borroe Finance has created a robust ecosystem that empowers Web3 businesses to thrive. From decentralized gaming platforms to subscription-based content services, Borroe Finance addresses the unique challenges faced by these enterprises. >>BUY $ROE TOKENS NOW<< An Intriguing Legal Battle The winds of change are blowing in the epic showdown between Grayscale and the SEC over the conversion of GBTC into a spot bitcoin ETF. With industry experts predicting a decision in favor of Grayscale, the implications for the broader crypto market are monumental. A win for GBTC could pave the way for an influx of investment and accelerate the rally of $ROE. As investors looking for the best crypto investment consider $ROE, the altcoin&rsquo;s price path to $1 seems more attainable than ever. Borroe Finance continues to disrupt the traditional financing space, $ROE's rally is gaining momentum. The fusion of Borroe Finance&rsquo;s NFTs, AI innovation, and a robust Web3 funding marketplace positions $ROE as a crypto gem with untapped potential. As Borroe Finance sets its sights on revolutionizing Web3 financing, investors are presented with an unparalleled opportunity to invest in one of the top crypto coins in 2023. With Grayscale's victory against the SEC a possibility, $ROE's rally to $1 is no longer a distant dream. Learn more about Borroe ($ROE) here: Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The showdown between Grayscale and the U.S. Securities and Exchange Commission (SEC) over the conversion of GBTC into a spot Bitcoin ETF has garnered widespread attention. As industry experts anticipate a favorable outcome for Grayscale, investor interest is increasing in Borroe&rsquo;s new blockchain ICO of its native $ROE altcoin. Borroe Finance: Whales are Eyeing the Future The $ROE presale has ignited a fervor of excitement within the crypto community, drawing the attention of investors and enthusiasts as one of the top altcoins to watch this year. With each stage of the presale unlocking new opportunities, from the initial Stage One priced at $0.0125 per $ROE to the sold-out Beta Stage at $0.01 per token, anticipation is mounting for the upcoming stages. As Stage 2 approaches, the $ROE altcoin price will increase to $0.015, giving early participants some profits already. The crypto community is eagerly positioning itself to be part of a groundbreaking journey that promises to reshape the Web3 landscape and usher in a new era of financial possibilities. $ROE's meteoric rise is anchored in the groundbreaking work of Borroe Finance. This innovative platform has carved a niche for itself by bridging the gap between the burgeoning Web3 ecosystem and much-needed funding. Led by industry veterans Michael Price and Maxim Prishchepo, Borroe Finance boasts a team equipped with a wealth of experience in financial systems, NFTs, and blockchain technology. Innovating Web3 Financing Borroe Finance stands at the intersection of artificial intelligence and trending NFTs, propelling itself ahead of the curve. By leveraging AI-powered risk assessment and NFT-backed collateralization, the platform offers a unique marketplace where Web3 businesses can raise funds by minting cool NFTs representing future revenue streams. This innovative approach empowers content creators, NFT artists, and Web3 platform providers to unlock upfront cash from their recurring revenues. Borroe Finance has embraced the future with a fully audited smart contract. Top auditing firm BlockAudit has verified the integrity of Borroe's smart contract, providing investors with the peace of mind they deserve. The contract's address is readily available, a testament to Borroe'scommitment to transparency. Navigating the evolving landscape of cryptocurrency regulations is no small feat. Yet, BorroeFinance stands as a beacon of compliance and forward-thinking. With a keen eye on regulatory developments, Borroe Finance intends to seek regulation where possible, ensuring alignment with best practices and bolstering investor confidence that Borroe Finance&rsquo;s innovative features make $ROE good crypto to buy. As the crypto world faces its share of challenges, investors seize the opportunity to position themselves for success. In the midst of bearish market sentiment, $ROE is emerging as the go-to token for those who understand the immense potential of Borroe Finance. With analysts projecting a massive rally, $ROE presents itself as a prime investment for those seeking long-term gains. Borroe Finance's innovative approach to funding is a breath of fresh air in a market marred by traditional financing pitfalls. By creatively leveraging the power of NFTs and AI, Borroe Finance has created a robust ecosystem that empowers Web3 businesses to thrive. From decentralized gaming platforms to subscription-based content services, Borroe Finance addresses the unique challenges faced by these enterprises. >>BUY $ROE TOKENS NOW<< An Intriguing Legal Battle The winds of change are blowing in the epic showdown between Grayscale and the SEC over the conversion of GBTC into a spot bitcoin ETF. With industry experts predicting a decision in favor of Grayscale, the implications for the broader crypto market are monumental. A win for GBTC could pave the way for an influx of investment and accelerate the rally of $ROE. As investors looking for the best crypto investment consider $ROE, the altcoin&rsquo;s price path to $1 seems more attainable than ever. Borroe Finance continues to disrupt the traditional financing space, $ROE's rally is gaining momentum. The fusion of Borroe Finance&rsquo;s NFTs, AI innovation, and a robust Web3 funding marketplace positions $ROE as a crypto gem with untapped potential. As Borroe Finance sets its sights on revolutionizing Web3 financing, investors are presented with an unparalleled opportunity to invest in one of the top crypto coins in 2023. With Grayscale's victory against the SEC a possibility, $ROE's rally to $1 is no longer a distant dream. Learn more about Borroe ($ROE) here: Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Binance is pulling in its horns in Latin America and the Middle East by withdrawing its crypto payment credit card. Without providing a reason for this latest move, Binance has announced that it will be withdrawing the service, effective on 25 August (tomorrow), and terminating in both regions on 1 September. The card functioned like other crypto payment cards in that customers could use it to pay for goods and services by using their cryptocurrency assets. Binance did not make the announcement in a normal manner, and instead it was a customer&rsquo;s question on Twitter that led to Binance&rsquo;s response which included the notification of a termination of the card. Hello there,The Binance Card will no longer be available to users in Latin America and the Middle East. The product, like most debit cards, has been utilized by Binance&rsquo;s users to pay for basic daily expenses but in this case, the cards are funded with crypto assets. Only a tiny&hellip; &mdash; Binance Customer Support (@BinanceHelpDesk) August 23, 2023 The response did specify that only a very small percentage of their users (1%) would be affected by the card withdrawal, and that Binance Pay (recently launched in Brazil) was available for use in shopping and sending crypto. Amid all the ongoing regulatory issues that beset Binance, especially in the U.S., its payment options are in a state of flux. Checkout.com recently terminated its contract with Binance over AML and compliance concerns. Preceding this, in June, Paysafe Payment Solutions, which acted as Binance&rsquo;s European banking partner, decided to withdraw its services. It would appear that both the U.S. and Europe both have Binance in their sights as a regulatory target. The largest crypto exchange and its entrepreneurial owner have a fight on their hands and the future of crypto will certainly feel the impact. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Binance is pulling in its horns in Latin America and the Middle East by withdrawing its crypto payment credit card. Without providing a reason for this latest move, Binance has announced that it will be withdrawing the service, effective on 25 August (tomorrow), and terminating in both regions on 1 September. The card functioned like other crypto payment cards in that customers could use it to pay for goods and services by using their cryptocurrency assets. Binance did not make the announcement in a normal manner, and instead it was a customer&rsquo;s question on Twitter that led to Binance&rsquo;s response which included the notification of a termination of the card. Hello there,The Binance Card will no longer be available to users in Latin America and the Middle East. The product, like most debit cards, has been utilized by Binance&rsquo;s users to pay for basic daily expenses but in this case, the cards are funded with crypto assets. Only a tiny&hellip; &mdash; Binance Customer Support (@BinanceHelpDesk) August 23, 2023 The response did specify that only a very small percentage of their users (1%) would be affected by the card withdrawal, and that Binance Pay (recently launched in Brazil) was available for use in shopping and sending crypto. Amid all the ongoing regulatory issues that beset Binance, especially in the U.S., its payment options are in a state of flux. Checkout.com recently terminated its contract with Binance over AML and compliance concerns. Preceding this, in June, Paysafe Payment Solutions, which acted as Binance&rsquo;s European banking partner, decided to withdraw its services. It would appear that both the U.S. and Europe both have Binance in their sights as a regulatory target. The largest crypto exchange and its entrepreneurial owner have a fight on their hands and the future of crypto will certainly bear the impact. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Shiba Inu's much-anticipated Shibarium network, a layer-2 solution built on Ethereum, is gearing up for a fresh launch after encountering initial setbacks. The developers are diligently addressing the issues that plagued its debut, with hopes of a smoother second attempt. Network Improvement Efforts Underway Following a problematic launch that left the network stalled and funds trapped on a bridge, Shiba Inu's lead developer, Shytoshi Kusama, has provided an update on the project's progress. Kusama revealed that the team has been diligently working to optimize the network, stating, "After two days of testing and tweaking parameters to achieve 'ready' state Shibarium is now enhanced and optimized." This involved the implementation of fail-safe measures to prevent a recurrence of the previous outage. To bolster Shibarium's stability, the development team has introduced a series of further safeguards, including rate limiting at the RPC (Remote Procedure Call) level and an automatic server reset mechanism. These measures are expected to counteract the impact of sudden surges in traffic, which contributed to the network's initial troubles. Testing Success and Initial Hiccups During its testing phase, Shibarium demonstrated its potential by facilitating an impressive 22 million transactions across millions of wallets over four months. However, the official launch encountered severe disruptions. The network suffered an 11-hour transaction stall, leaving funds stranded due to an overload triggered by an unexpected influx of transactions. As reported by blockchain security firm PeckShield, around $1.7 million worth of ETH was stuck in the Shibarium Bridge as a result of the network failure. The development team clarified that the launch failure was not due to a bridge issue, as initially speculated. Instead, the network was overwhelmed by an unprecedented surge in user transactions, causing server failures. The influx of transactions far exceeded the servers' capacity to process them efficiently. Steps Toward Redemption The network has been temporarily closed to the public as the team focuses on resolving the underlying issues. Validators responsible for processing network transactions are now being gradually onboarded to pave the way for the network's reopening. This controlled approach aims to ensure a smoother experience upon relaunch. Shytoshi Kusama's recent update indicates that Shibarium's comeback is on the horizon. Additional validators are poised to join the network, expanding its operational capacity. However, the incident had a short-term impact on SHIB token prices, with a 4.3% drop in the past 24 hours, according to CoinGecko data. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Shiba Inu's much-anticipated Shibarium network, a layer-2 solution built on Ethereum, is gearing up for a fresh launch after encountering initial setbacks. The developers are diligently addressing the issues that plagued its debut, with hopes of a smoother second attempt. Network Improvement Efforts Underway Following a problematic launch that left the network stalled and funds trapped on a bridge, Shiba Inu's lead developer, Shytoshi Kusama, has provided an update on the project's progress. Kusama revealed that the team has been diligently working to optimize the network, stating, "After two days of testing and tweaking parameters to achieve 'ready' state Shibarium is now enhanced and optimized." This involved the implementation of fail-safe measures to prevent a recurrence of the previous outage. To bolster Shibarium's stability, the development team has introduced a series of further safeguards, including rate limiting at the RPC (Remote Procedure Call) level and an automatic server reset mechanism. These measures are expected to counteract the impact of sudden surges in traffic, which contributed to the network's initial troubles. Testing Success and Initial Hiccups During its testing phase, Shibarium demonstrated its potential by facilitating an impressive 22 million transactions across millions of wallets over four months. However, the official launch encountered severe disruptions. The network suffered an 11-hour transaction stall, leaving funds stranded due to an overload triggered by an unexpected influx of transactions. As reported by blockchain security firm PeckShield, around $1.7 million worth of ETH was stuck in the Shibarium Bridge as a result of the network failure. The development team clarified that the launch failure was not due to a bridge issue, as initially speculated. Instead, the network was overwhelmed by an unprecedented surge in user transactions, causing server failures. The influx of transactions far exceeded the servers' capacity to process them efficiently. Steps Toward Redemption The network has been temporarily closed to the public as the team focuses on resolving the underlying issues. Validators responsible for processing network transactions are now being gradually onboarded to pave the way for the network's reopening. This controlled approach aims to ensure a smoother experience upon relaunch. Shytoshi Kusama's recent update indicates that Shibarium's comeback is on the horizon. Additional validators are poised to join the network, expanding its operational capacity. However, the incident had a short-term impact on SHIB token prices, with a 4.3% drop in the past 24 hours, according to CoinGecko data. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Pendle will use MakerDao’s boosted Savings (sDA) and Flux Finance’s fUSDC in its first real-world assets (RWA) based product.

Shytoshi Kusama, co-founder of the Shiba Inu ecosystem, blamed a massive influx of transactions and user activity for technical difficulties in Shibarium.

Amidst recent developments, the Terra Classic ecosystem witnessed a significant shift as Binance executed its 12th batch of LUNC token burns. In a resounding move of support, Binance permanently eliminated a staggering 1.41 billion LUNC from circulation, signaling a strong commitment to Terra Classic. This monumental burn event, accounting for 50% of Binance’s LUNC spot […]

The fast-paced crypto world constantly faces dynamic shifts In investment strategies. Bitcoin Spark’s presale is the current focus witnessing a notable influx of Solana tokens being exchanged for BTCS. Such a trend sheds light on the growing interest in Bitcoin Spark (BTCS) and its potential to attract attention from established token holders. Bitcoin Spark (BTCS) […]

In August, Bitcoin’s address activity experienced a notable surge, reaching its highest level in 3.5 months, with approximately 1.07 million unique addresses integrating into the Bitcoin network. This influx of new addresses represents the most significant growth since April 17th. The increased utility on the network is a positive indicator for the cryptocurrency’s adoption and […]

A congressional committee in the United States is currently investigating asset management firm BlackRock for its role in facilitating investments into Chinese companies that the U.S. government has blacklisted. Retirement Funds Tied to Blacklisted Chinese Firms Lawmakers have expressed concern that Americans' retirement funds are unknowingly being funneled into Chinese firms flagged for security and human rights issues, and they believe BlackRock has been involved in this process. The House of Representatives Select Committee on the CCP has notified BlackRock about the investigations, with the intention of gathering facts to inform U.S. policies on capital flows to China. According to the committee, the massive influx of American capital into these Chinese entities further exacerbates national security threats and undermines American values. The committee has claimed that the firm has facilitated the investment of over $429 million across five funds in such blacklisted Chinese companies. The committee has raised concerns over the scope of these investments, suggesting that the true scale may be much larger. BlackRock's Response In response to the allegations, BlackRock has denied any wrongdoing. The firm stated that it complies with all applicable U.S. government laws in its investments, both in China and markets around the world. The investment firm, which manages over $9 billion of assets, expressed its willingness to engage directly with the Select Committee regarding the issues raised. The news of the investigation has impacted BlackRock's stock, with shares down 0.8% in mid-afternoon trade, underperforming the main stock indexes. The Broader U.S.-China Tensions This investigation is just one example of the wider implications of the ongoing tensions between the U.S. and China. As these tensions continue, U.S. companies are facing challenges in their operations and investments related to China. The impact of the investigation is not limited to BlackRock alone. Other asset management firms like Franklin Templeton, VanEck, and WisdomTree also have funds or ETFs with Chinese assets. However, these firms have not yet responded to requests for comment on their investments. The Select Committee, led by Republican Rep. Mike Gallagher of Wisconsin and Democrat Rep. Raja Krishnamoorthi of Illinois, holds significant power in making policy recommendations and can subpoena executives and officials. While it has not used this authority until now, Representative Gallagher had previously stated his intention to issue subpoenas for uncooperative executives. As the investigation unfolds, it remains to be seen how BlackRock and other asset managers with Chinese investments will navigate the complexities of U.S.-China relations and comply with the committee's inquiries. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Uwerx is a soon-to-launch blockchain-based freelance project that has quickly become the most sought-after project by investors. Since the start of its presale, Uwerx's innovative features have propelled it forward. The project has continued to sell out fast at each presale, leading the developers to increase the token allocations to accommodate more users. This article will examine Uwerx's success and highlight what analysts predict for Cosmos Hub (ATOM) and Gala (GALA). Can Uwerx (WERX) Continue On Its Winning Path? Despite being only two months into its presale, Uwerx has recorded huge wins. These wins have attracted 5,546 signups, 1,620 Twitter followers, and 1,685 Telegram members to the project. Priced at just $0.041/WERX, Uwerx has become a great opportunity for investors to make massive profits in the coin market. The project is gearing up to run a test airdrop which experts believe will further engage Uwerxholders. This test airdrop was voted for by 98.2% of the Uwerx community, and the Uwerx team considers it a means to ensure that users entered the correct Receiving Wallet addresses. Uwerx's presale exceeded everyone's expectations, leading the Uwerx team to modify the project's token allocation. Uwerx now offers 57% of the 750 million total token supply, representing 427,500,000 tokens. The team also increased the project's launch price to $0.095 - $0.115. Uwerx's presale success is primarily due to the agile methodology approach that its developers adopted. It allowed them to release Uwerx in stages while making improvements with time. Committed to serving its community, the Uwerx team locked developers' liquidity for 25 years on June 7, 2023, following 82.8% of the Uwerx community voting for it. Uwerx aims to revolutionize the freelance industry by offering decentralization and low transaction fees at a 1% rate compared to traditional freelance platforms. It will offer transparent pricing, innovative earning opportunities, collaborative tools, and faster transactions. These features have set Uwerx apart and positioned it as the best option in the ever-growing freelancing industry. According to a 2022 Forbes survey, 80% of U.S. employees are attracted to freelancing. This suggests that the freelance market will receive an influx of new freelancers, and Uwerx aims to get a huge share of that market. The Uwerx team also introduced a feature called the Uwerx Vault. This feature allows users to save WERX tokens for a desired period. Additionally, Uwerx has already launched the Alpha Version of its platform, giving users access to some of its key features, including the Landing, Sign-up, Login, Forgot Password, Hiring Dashboard, Freelancer/Client Initiation, The Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, and Job Creation Process pages. The team has announced that they will be launching additional functionalities soon. This has caused excitement among users already anticipating the release of the platform's Beta version. Additionally, the latest news that the team will introduce referral bonuses soon has added to investors' excitement. Uwerx urges users to share their suggestions and recommendations through the dedicated email address [email protected]. This will enable users to contribute to enhancing the platform. Investors Are Unsure If Cosmos Hub (ATOM) Will Rise Again Since 2021, Cosmos Hub (ATOM) has been making considerable progress in the coin market. However, the project has been falling in the last one month. Cosmos Hub (ATOM) is trading at $10.21, representing a -21.51 decline in the past month. The story has been the same for the last seven days as Cosmos Hub (ATOM) declined by -6.79. The main aim of Cosmos Hub (ATOM) is to facilitate faster, cheaper and more scalable transactions. The project focuses on sovereignty and sustainability and facilitates interoperability between blockchains. Cosmos Hub (ATOM) recorded important partnerships last month, notably with Stride. This partnership with Stride saw Cosmos Hub (ATOM) taking home 15% of STRD inflationary staking rewards, 15% of transaction fees and 15% of MEV revenue. As Cosmos Hub (ATOM) enters the second week of June, holders expect more partnerships which could drive the price of Cosmos Hub up. Analysts predict the project will trade at $19.31 by the second quarter of 2024. How Will Gala (GALA) Perform This Month Last month was an eventful one for Gala (GALA). The project released the second version of the GALA token, which brought in more investors. Gala (GALA) also partnered with BitkubAcademy to develop educational content in the Web 3.0 industry. They also conducted the V2 airdrop and burned almost 21 billion GALA (GALA) tokens worth more than $637 million. These moves put investors' minds at ease and renewed their trust in the Gala (GALA) project. Also in May, Gala Games partnered with PokerGo to build a Web3 social poker game. Gala (GALA) holders believe this partnership will lead to more exposure for Gala (GALA). Despite these developments, Gala (GALA) entered the month of June declining in price. The project decreased by -37.8% in the last month. Gala (GALA) trades at $0.028, representing a 4.82% increase in the past 24hrs. Analysts predict the project will reach $0.051 by the second quarter of 2024. This prediction is very little compared to what analysts predict for Uwerx. They are convinced that Uwerx has what it takes to surpass $2.50 by January 2024. As such, many investors are rushing to buy WERX tokens for the low price of $0.05245. Knowing that the project has undergone InterFi Network and SolidProof audits, investors are confident that their funds are safe. You can join the Uwerx presale and enjoy the 15% purchase bonus using the links below: Presale: invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Website: https://www.uwerx.network Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

In a recent statement, the SEC claimed that the recent Ripple ruling was incorrect, while disclosing that it has already decided and is currently moving in to post an appeal. There has been some intertwining contexts with latest legal fracas with the US Securities and Exchange Commission (SEC), which involves Terraform Labs and its co-founder, Do Kwon. Notably, the SEC's recent motion against Terraform Labs has revived discussions around the landmark Ripple Labs case, signaling a possible appeal on the horizon. Institutional vs. Retail: Divergent Perspectives In the Ripple Labs case, the court determined that Ripple's XRP token sales to institutional investors breached SEC rules. However, the judge ruled that Ripple's offerings to retail investors on exchanges didn't infringe on these same regulations. This bifurcation of institutional and retail sales was broadly seen as a victory for the crypto industry. In a stark departure from this view, the SEC, in its most recent filing against Terraform Labs and Kwon, voiced its disapproval. The agency stated: "The decision creates an artificial distinction between the expectations of sophisticated institutional and retail investors." In the SEC's view, the ruling reformulates the decades-old Howey Test, a metric used to identify when assets are securities, transforming it into a more subjective standard. Accordingly, the SEC requested that the court reject this part of the Ripple decision and hinted at a possible appeal in the Ripple case. The Ripple Ruling's Impact on Terraform Labs Lawsuit The Ripple ruling has become a crucial reference in the ongoing lawsuit against Terraform Labs and Kwon. Their legal representatives cited the Ripple decision in their dismissal motion, arguing that it "confirms the legal insufficiency of the SEC&rsquo;s argument." They were referring to the SEC's assertion that certain tokens, including the ill-fated TerraUSD stablecoin, were securities due to their method of sale. However, the SEC has doubled down on its accusations that Terraform Labs and Kwon offered and sold unregistered securities as part of a fraudulent scheme, causing a loss of at least $40 billion in market value. The SEC also underscored that the institutional investor aspect of the Ripple ruling supports its case against Terraform Labs. The SEC notes that institutional buyers in such a case (such as trading firms that purchased crypto assets from Terraform Labs with no restrictions on resale) purchased ostensibly on the reason that the assets were an investment on top of Terraform Lab's initiatives. The legal entanglements involving the SEC, Ripple Labs, and now Terraform Labs, highlightts the evolving dynamics between the emerging crypto industry and established securities regulations. The nuanced interpretation of these regulations in relation to cryptocurrencies like XRP and TerraUSD has far-reaching implications for the industry. How these cases play out in the courts will set precedents that could shape the crypto landscape for years to come. SEC's Prospective Appeal The SEC's recent motion reveals its plan to challenge the federal court ruling in favor of Ripple Labs. U.S. District Judge Analisa Torres upheld that nearly half of Ripple's XRP sales did not contravene investor-protection laws. This verdict sparked hope among other defendants embroiled in disputes with the SEC regarding their cryptocurrency sales, which, according to the SEC, often constitute illegally sold securities. This court ruling has become a beacon of hope for defendants like Do Kwon, co-founder of Terraform Labs. Kwon, currently serving time in prison, faces an SEC lawsuit alleging fraudulent activities and various legal infringements. The lawsuit was filed in February in Manhattan federal court. In light of the recent Ripple Labs ruling, Kwon's defense is employing it as a basis to refute the SEC's accusations. Precedent in Flux With the SEC signalling its intent to appeal the Ripple Labs ruling, a cloud of uncertainty hangs over the crypto industry. The final decision on the Ripple case could profoundly influence ongoing and future lawsuits, including Terraform Labs.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

[Press Release – Toronto, Canada, July 20th, 2023] Conflux Network, the first regulatory-compliant public blockchain in China, has today announced a new collaboration with World Mobile, the only global mobile network built on the blockchain. The partnership comes on the heels of the successful launch of the Conflux BSIM card earlier this year and will […]

BTC price targets extend down to $27,000 with Bitcoin in a state of "flux."

The recent increase in exchange interaction by Bitcoin short-term holders, resulting in a significant influx of approximately 617,000 BTC over the past 20 days, is a noteworthy development in the cryptocurrency market. This surge in activity indicates a shift in sentiment and behavior among short-term holders, which could have implications for the broader Bitcoin market. […]

Conflux token's dour reaction is consistent with the prevailing investor disinterest in alternative cryptocurrencies.

[Press Release – Hong Kong, China, June 28th, 2023] DWF Labs, the global digital asset market maker, and multi-stage Web3 investment firm, has further strengthened its commitment to support the growth of Conflux, the tree-graph consensus algorithm Layer-1 blockchain. Conflux has been gaining significant traction since February 2023 on the back of some key partnerships, […]