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#Binanceturns6 Stellar ($XLM ) is riding on the positive sentiment brought about by Ripple's win in the SEC lawsuit. XLM has gained a massive 54% in the last 24 hours and currently trades at $0.148. The #cryptocurrency is likewise up 55% on a seven-day basis.
On July 13, Judge Analisa Torres largely sided with Ripple in a lawsuit filed by the Securities and Exchange Commission (#SEC ) in December 2020.
Judge Torres has given summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, according to documents filed on July 13.
In the wake of the news, $XRP increased by a startling 72% in just 24 hours and its market value skyrocketed, propelling it to fourth place.
Stellar network smashes big milestone
Tomer Weller, a #Stellar developer, made it known on Twitter that Soroban Preview Release 10 is now live on Futurenet.
Soroban Preview Release 10 is now live on Futurenet. Three reasons why this is a major milestone 🧵 (1/10)— Tomer Weller (tomerweller) July 13, 2023
Soroban is a Rust-based smart contract platform designed for scale and sensibility. Currently live on the test network dubbed Futurenet, Soroban integrates with and works alongside the existing Stellar blockchain.
Weller cites three reasons why this is a major milestone. First, after 15 months of intense design iterations and public discourse, Soroban v1 is now feature complete. Although development is still ongoing as regards the mainnet launch, Soroban is now stable, and users do not need to worry about breaking changes.
Second, the Soroban smart contract platform tackles Ledger bloat, a big hurdle for long-term blockchain sustainability and decentralization. Third, Soroban's state expiration system ensures that only the most important data takes up precious ledger space while allowing for restoration.#GOATMoments

#GOATMoments Shiba Inu Price #Analysis : In the weekly time frame chart, the Shiba Inu price shows the formation of a falling wedge pattern. Under the influence of this pattern, the coin price coverage within two downsloping trendlines suggesting the downward trend is reaching maturity. However, as of now, the coin price has recently bounced back from the lower support trendline indicating a bullish reversal within the pattern’s range.
Shiba Inu Price Daily Chart:
An ascending triangle pattern carries the current recovery phase in SHIB price.A bullish breakout from $0.00000845 will set the memecoin for a bullish upswing to $0.00000965The intraday trading volume of the Shiba Inu coin is $89.2 Million, showing a 6.53% gain.
Source- Tradingview
After the early June sell-off, the #Shiba Inu price rebounded from the support trendline of the wedge pattern. The bullish reversal triggered a bull cycle with the pattern and ideally set a rally back to the overhead trendline.
The fresh rally surged the popular memecoin by 55% and reached the $0.00000845 barrier. Amid the current uncertainty, in the crypto market, the buyers are struggling to break this resistance and create a short consolidation below.
However, this consolidation shaped into an ascending triangle pattern in the daily time frame chart, indicating the SHIB price is witnessing gradual accumulation from buyers. In response to this pattern, the memecoin could break the $0.00000845 as a signal to uptrend continuation.
What if SHIB Price Breaks $0.00000845 Barrier?
If the overhead supply at $0.00000845 resistance persists, the #ShibaInu price may prolong the sideways trend for a few more trading days. However, the converging range of the ascending triangle pattern will eventually lead to a breakout move, with more probability of surpassing $0.00000845. This breakout could offer potential buyers an opportunity and lead the price rally to $0.00000965, followed by $0.0000119.
Relative Strength Index: Despite a lower low formation in SHIB price, the daily RSI slope forming the same low indicates the increased accumulation from buyers and therefore potential for recovery.Exponential Moving Average: The $SHIB price below the 100 EMA of the weekly chart indicates the long-term trend is bearish.#BinanceTournament

#GOATMoments Even long-dormant Bitcoin whales can’t sit still.
A number of big investors holding millions of dollars in BTC moved their holdings last week after years of dormancy.
On July 20, two wallets from 2011, each holding 10 BTC (valued at $292,767 as of this writing), moved their holdings to new locations. The next day, a wallet holding 5 BTC ($146,383) budged after 12 years of inactivity.
Then, around $30.3 million in “digital gold”—or 1,037 BTC—moved after its owner put it in a new wallet for the first time since 2012. The price of the #cryptocurrency was $4.92 per coin back then.
A BTC whale that has been dormant for 11 years transferred all 1,037.42 $BTC ($37.8M) to a new address"bc1qtl" an hour ago.The whale received 1,037.42 $BTC ($5,107 at that time) on Apr 11, 2012, when the price was $4.92.https://t.co/k8ZmO5vc8X pic.twitter.com/xBaw2dQfY8— Lookonchain (@lookonchain) July 22, 2023
Finally, on July 24, a wallet from 2010 moved a hefty 50 $BTC , or $1.4 million.
Number of Bitcoin Whales Drops to Lowest Level Since 2019
Bitcoin whales are investors who hoard huge amounts of Bitcoin (at least 1,000 #BTC ) and don’t touch it for years, sitting on astronomical gains as a result.
Such investors have proven to be more successful than traders that buy and sell Bitcoin over a short period: the asset is extremely volatile in the short-term but over the past 10 years it has shot up from under $95 per coin to $29,203—a 30,700% increase.
Whales have certainly been on the move this year. Blockchain data firm Glassnode said in a Monday report that there has been a “dramatic uptick over recent months,” and noted that a number of whales have been moving holdings to exchanges—usually the best way to cash out, or shift holdings to other digital assets.
It isn’t clear whether these whales are individuals or companies, but Dr. Kirill Kretov, a developer of tools for automated trading and blockchain analyst, previously told Decrypt that it was possible that these transactions represent commercial entities buying the #bitcoin from individuals.#Binanceturns6

Binance US, the US branch of the world's largest #crypto exchange Binance, has responded to rumors that Bitcoin Cash (BCH) reserves on its platform are insufficient.
The exchange argued that it maintains a 1:1 reserve for every BCH token customers deposit or withdraw, and that the recent pause in BCH withdrawals was due to a technical issue that has now been resolved.
According to some reports shared by users, BCH withdrawals on Binance US were temporarily suspended.
According to the statement, Binance US had a problem with its deposit transfer system, which automatically transfers funds from customers' individual deposit wallets to the platform's hot and cold wallets for security purposes.
The issue only affected BCH deposits, preventing them from being transferred as usual, leading to a temporary lack of #BCH in the platform's hot wallet.
The exchange says its technical team has been working over the weekend to resolve the issue and restore normal deposit and withdrawal flows for $BCH across all networks. He also claimed to clients that their assets were safe and secure and that no amount of fear, uncertainty and doubt (FUD) could change that.
According to the latest information, the technical issue with Bitcoin Cash on #Binance US has been resolved. According to the data, it took up to 3 days to resolve the issue.
*Not investment advice.#GOATMoments

#GOATMoments Renowned Bitcoin analyst Plan B has recently revealed an innovative trading strategy. He claims it could yield profits significantly surpassing those achieved by simply buying and holding Bitcoin.
Plan B’s new trading strategy revolves around the Bitcoin halving, garnering attention for its significant returns.
A Trading Strategy Around the Bitcoin Halving
The Bitcoin halving is an event that occurs approximately every four years. It has historically sparked significant price increases due to a 50% reduction in the rate new $BTC can be mined.
These events create a surge in scarcity, which according to Plan B, these periods offer an optimal opportunity for savvy investors.
Plan B’s model, dubbed the “Stock-to-Flow Trading Rule,” involves buying #BTC six months before the Bitcoin halving and selling 18 months after the event. This trading strategy aims to exploit Bitcoin’s cyclical behavior. Consequently, capturing the dramatic price increases often seen around the halving while avoiding the ensuing bear markets.
Read more: The Countdown Begins: One Year to Go Before the Next Bitcoin Halving
Bitcoin Stock-to-Flow Trading Rule. Source: PlanBTC.com
The on-chain analyst drew comparisons between Bitcoin’s price trajectory and the results achieved by his strategy. In every case, the model outperformed Bitcoin’s price trend.
“Bitcoin is at $30,000, so the strategy [anticipates a] 4X in the Bitcoin price. We are awaiting the next Buy Signal and we know already that the halving will be around April 2024, so six months before that is around October…. Then [Bitcoin will] enter the market and will stay there for two more years until October 2025, 24 months later,” said Plan B.
Still, Plan B emphasized that the Stock-to-Flow Trading Rule is not a prediction model. Instead, it is a strategy that utilizes defined buy and sell rules to dictate market participation periods.
Bitcoin Market Cycle Plays a Pivotal Role
The implementation of this strategy requires a thorough understanding of the “Bitcoin Market Cycle.” According to Plan B, the model identifies the current stage as the “early bull market.”
The subsequent stage, where the significant price jumps occur, is anticipated to start around the next #bitcoin halving event, slated for April 2024.
Read more: What Is Bitcoin Halving?
Bitcoin Market Cycle. Source: PlanBTC.com
As Bitcoin enters the final stretch before the next halving, traders are eagerly watching for signals indicating the late bull market phase. In previous cycles, the transition to the green stage began shortly after the Bitcoin halving, catalyzing an accelerated bull market.
Despite these encouraging historical trends, the upcoming Bitcoin halving’s outcome remains uncertain. Factors such as black swan events could delay or disrupt the expected price rally.#crypto

#GOATMoments This is a general #announcement . Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Margin is pleased to announce the launch of the leverage adjustment feature on Isolated Margin. This provides users with greater flexibility when trading on #Isolated #Margin , as they can now adjust the leverage level on all isolated margin pairs based on their needs and trading strategies.
Please note that the function is switched off by default, and users can seamlessly activate the feature with the toggle button.
The maximum isolated margin borrowing limit is based on the leverage selected by users. For more information on how to use the leverage adjustment feature, please refer to the FAQ.
How to Get Started:
Step 1: Log into the Binance app, tap [Trade] and then tap [Margin].
Step 2: Under Isolated mode, click on the leverage icon to adjust.
Further Information:
Margin Trading OverviewHow to Use Short on Margin TradingHow to Use Long on Margin Trading
Note: Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
#Binance Team
2023-07-18#Binanceturns6

#GOATMoments This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians
#Binance launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates, where users can utilize our Sell High or Buy Low products.
Subscription format: First-come, first-served basisCheck out the new Target Prices and Settlement Dates in the link below
Earn Rewards with Dual Investment!
Dual Investment provides access to Buy Low and Sell High products with your selected price at your selected date in the future, without any fees. Subscribe to Dual Investment products to enjoy rewards on a selection of popular cryptocurrencies.
SELL HIGH
Target Users:
Users who want to accumulate high rewards on the cryptocurrency holdings, orUsers who want to sell the Deposit Currencyfor a higher price in the future, compared to the market price on the subscription date
Deposit Currency
Sell For
Settlement Dates
ETH
BTC
2023-07-18
2023-07-21
2023-07-28
2023-08-04
2023-08-25
2023-09-29
2023-10-27
2023-11-24
2023-12-29
BNB
BTC or ETH
BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE or LTC
BUSD or USDT
BUY LOW
Target Users:
Users who want to accumulate high rewards on stablecoin holdings, orUsers who want to buya cryptocurrency for a lower price in the future, compared to the market price on the subscription date
Deposit Currency
Cryptocurrency to Buy
Settlement Dates
BTC
ETH or BNB
2023-07-18
2023-07-21
2023-07-28
2023-08-04
2023-08-25
2023-09-29
2023-10-27
2023-11-24
2023-12-29
ETH
BNB
BUSD or USDT
#BTC , ETH, $SOL , MATIC, ADA, $BNB , DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE or $LTC
How to Get Started with Dual Investment:
Go to the Dual Investment page.Select the #cryptocurrency you would like to buy or sell.Choose whether you want to “Sell High” or “Buy Low”.Select your desired price (“Target Price”) and desired date (“Settlement Date”) to buy or sell.Input your subscription amount.Choose to enable or disable the Dual Investment Auto-Compound feature with the toggle button and complete the subscription.
Do check out the Dual Investment Beginner Modeto get a step-by-step guide through the subscription process for Dual Investment products.
More information about Dual Investment, including a glossary and detailed calculation methodology, can be found here.
Notes:
Dual Investment may stop accepting new subscriptions at any time.APR will change in real-time depending on market fluctuation before the subscription, but will be locked in once the subscription is completed.Dual Investment products cannot be redeemed before the Settlement Date.Deposit Currency refers to the currency used to subscribe to a Dual Investment product.Settlement Date refers to the date on which transactions and redemption will take place.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.#binanceturns6

#GOATMoments Cardano's ADA has been on a steady decline since July 14 after attaining highs of $0.38. That said, ADA will mark its fifth consecutive day of trading in red if a negative close is achieved today.
ADA saw a massive price spike from July 13 to July 14 as hopes were revived of Cardano being exempt from the SEC's regulatory threats as a result of Ripple's victory.
After then, sellers took profits as ADA perpetually closed days in red. At the time of writing, ADA was down 3.05% in the last 24 hours to $0.305. That said, according to on-chain data from IntoTheBlock, a two billion ADA demand wall might push back bears.
At its current price levels, #Cardano rests at the two billion ADA support level, which coincides with the $0.285 to $0.301 range. Here, 62,400 addresses bought 2.08 billion ADA at an average price of $0.292.
Here, buying activity is expected to pick up given the fact that addresses that had previously bought in this price range are likely to provide support.
Technically speaking, the demand wall highlighted above is just slightly below the daily MA 50, which is currently located at $0.301.
Given that the MA 50 price level has hindered the ADA price in recent months, the task might not be an easy one for the bulls, as they would have to flip this level into support.
The RSI is close to mid-50, indicating an impending consolidation, where bulls and #bears will duel until equilibrium is reached.
If the bears are pushed back and the $ADA price initiates a price increase from its current levels, buyers might aim for a retest of the $0.38 level.
On the other hand, a break and close below $0.30 could tip the balance in bears' favor. A major support is envisaged below the $0.30 demand wall; this is where 439,220 addresses bought 6.12 billion #ADA at an average price of $0.203.#Binanceturns6

#GOATMoments Cardano ($ADA ) has found itself within the confines of a symmetrical triangle, a crucial pattern that typically precedes a significant price movement. However, the direction of this breakout remains unknown and could swing either way. Based on the pattern's parameters, it appears that the breakout is set to occur in approximately three days.
As the price oscillates between the converging trendlines of the triangle, traders and investors are waiting with bated breath. The looming volatility could potentially offer profitable trading opportunities or signal a strategic shift for long-term holders.
While the impending breakout could go either way, it is important to note that #Cardano previously found considerable resistance around the $0.3 level. Hence, an upward breakout might test this resistance once again. However, the lack of selling pressure suggests the potential for Cardano to breach this barrier and establish new support levels.
Simultaneously, a downward breakout cannot be ruled out. #ADA may continue to face challenges and see some downside before a substantial recovery, primarily due to the current low trading volume. Low volume often indicates a lack of investor confidence or interest, potentially leading to weak breakouts or breakdowns.
Whales wake up on Shiba Inu
Shiba Inu's landscape was altered recently when a #crypto whale made a significant move by transferring four trillion $SHIB (valued at approximately at $29.8 million) across eight newly minted addresses. The intriguing factor is that this whale is the most prominent SHIB holder, possessing an astounding 101.47 trillion SHIB. This sums up to roughly $756 million, approximately 10.15% of the token's total supply.
This whale hadnl not made any large transactions for 610 days until this moment, indicating a strategic shift in the holder's portfolio management. The activity adds a layer of intrigue considering the whale's history; they initially purchased 103.33 trillion SHIB with a mere 38 ETH ($14K), and later sold 603 billion SHIB for 2,411 ETH ($9.6 million). Additionally, they transferred 1.25 trillion SHIB ($8.77 million) to Coinbase in 2021.
While the precise motivation behind these transfers remains obscure, the market impact of such whale activity is undeniable. Whales have a substantial influence on the price dynamics of cryptocurrencies due to the sheer volume of tokens they control. Their transactions can stimulate volume, liquidity and sometimes volatility on the market.
Shiba Inu is currently grappling with a resistance level around $0.0000075. Despite multiple attempts, it has been unable to break through, leaving the community waiting for a catalyst that could alter the token's trajectory. While not guaranteed, the recent whale movements might be the momentum shift required. They could boost trading volumes and liquidity, potentially aiding SHIB in its struggle with the resistance level.
PEPE holds on for its life
In the volatile landscape of meme coins, PEPE has managed to cling onto its value against odds, primarily due to a significant price threshold – the 50-day Exponential Moving Average (EMA). Acting as a robust support level, the 50 EMA is currently functioning as a magnet, attracting a substantial concentration of buy orders.
The unique characteristic of the EMA is its sensitivity to recent price changes, making it an essential tool for traders seeking to capture short-term trends. At this juncture, the 50 EMA is preventing PEPE's price from slipping further by providing a stable platform from which buyers can regroup and push back against selling pressure.
Another factor in play is investor psychology. Many investors, particularly those who bought at higher levels, are reluctant to sell at break-even. They remain optimistic, holding onto their $PEPE tokens in anticipation of future profits, further buoying the token at its current levels.
However, a word of caution is warranted here. While the 50 EMA is holding firm for now, a breach below this critical support level could trigger a so-called "death spiral." In such a scenario, the selling pressure may intensify as traders scramble to cut their losses, and the 50 EMA could transition from a support level to a resistance level. This would make it much harder for PEPE's price to recover in the short term.#Binanceturns6

#GOATMoments The price of Bitcoin is stuck at its current levels as bulls and bears fight for control. The number one cryptocurrency by market cap experienced some gains in the past weeks, but volatility across the board declined, leading to the current dynamic.
Related Reading: Bitcoin Sharks And Whales Go On $2.15 Billion Buying Spree, Is It Time To Sell?
As of this writing, Bitcoin trades at $30,500 with sideways movement in the last 24 hours. Over the past week, the #cryptocurrency has recorded a 2% loss while the rest of the sector follows and records steeper losses.
Google Metric Hints At Profits For Bitcoin?
According to analyst Dylan LeClair, Google searches for Bitcoin Price have declined since 2023. The chart below shows that searches for this keyword decreased since 2021.
At that time, #BTC was on a bull run and managed to climb as high as $69,000 from a $3,000 low last seen in March 2020. In that sense, Google searches for Bitcoin Price operate as a proxy to gauge interest in the cryptocurrency.
Interest from mainstream media and non-crypto investors follows the price of the cryptocurrency. The higher the interest the chart hints at, the higher the price.
Conversely, interest declines as the price of the cryptocurrency declines. Historical interest in the keyword “Bitcoin price” on Google has fluctuated to the upside, as the chart below shows.
In the 2017 to 2018 bull run, the monthly searches for this keyword rose to unprecedented levels, but the percentile has been consistent on the downside since 2019 before $BTC can resume its bullish momentum.
In other words, since 2017, BTC only enters a bull-run phase when interest declines to a certain point; the metric is close to those levels. LeClair stated the following while pointing out:
Bitcoin price vs. Google Search Interest. The bottom pane shows the ratio of the two ( $BTC price / search interest percentile). Notice how price relative to media hype & search interest is up and to the right? Think about it…
On when BTC could break its current price action, analyst and NewsBTC Editorial Director Tony Spilotro pointed at the Bollinger Bands. An indicator that gauges potential spikes in volatility and price action.
Spilotro stated while sharing the chart below:
Bitcoin Bollinger Bands are the tightest on the daily since the start of 2023. The last time they were this tight we had a 40% up move. Another 40% higher from here would be $42,000.
#binanceturns6 $ETH

#GOATMoments The deadline for the airdrop event, announced by the #crypto money exchange Binance's latest Launchpad project Arkham (#ARKM ), has approached.
In the airdrop event, which will be held by measuring how many people users refer to and their activities on the Arkham platform, the token request portal will be closed on July 16, 2023 (today) at 22:00 (19:00 UTC) in Turkey.
According to the warning published on the Arkham official developer Twitter account, those who have the right to request airdrops must complete their transactions by this date.
“The claim portal for the first Arkham Airdrop snapshot will be closed tomorrow, Sunday, July 16 at 19:00 UTC.Those who are able to claim must do so before this time as part of the first airdrop.Trust only information from Arkham and only make requests on the Arkham platform.”
The claim portal for the first Arkham Airdrop snapshot will be closed at 19:00 UTC tomorrow, Sunday July 16.Those with the ability to claim should do so before this time as part of the initial airdrop.Only trust info from ArkhamIntel and only claim on the Arkham platform. https://t.co/BTDblz8meE— Arkham (ArkhamIntel) July 15, 2023
However, the #Arkham airdrop was recently associated with a scandal. After it was announced that users could increase their chances of winning airdrops by referencing others, it was noticed that the e-mail address of the person who shared it was found in an unencrypted form in the shared referral links.
In the face of this situation, which amounted to a major data breach, many people reacted and complained that their e-mail addresses were exposed.#Binanceturns6

#GOATMoments Ripple legal officer expects US banks to adopt Ripple’s cross-border payment solution following the court ruling that XRP is not a security.
According to a Ripple executive, the recent landmark ruling declaring XRP a non-security paves the way for US banks and financial institutions to adopt Ripple’s solution for cross-border payments.
In an interview with CNBC, Stuart Alderoty, Ripple’s Chief Legal Officer, expressed confidence that American banks would return to Ripple’s On-Demand Liquidity (ODL) product.
Specifically, when asked if the US court ruling would lead to increased interest from banks, Alderoty replied, “I think the answer to that is yes.”
According to the lawyer, Ripple plans to initiate discussions with US-based financial institutions in the next quarter of the year regarding adopting its ODL solution, which leverages #XRP for efficient money transfers.
The Ruling is Comfort to Banks
Furthermore, Alderoty emphasized that the court decision would provide comfort for financial institutions to engage in conversations about the challenges they face in cross-border value transfers, particularly regarding high fees.
The legal officer stated, “Hopefully, this quarter will generate a lot of conversations in the United States with customers, and hopefully, some of those conversations will actually turn into a real business.”
Alderoty also revealed that while most Ripple employees are from the United States, its primary business and revenue are from abroad.
Recall that the judge’s ruling also supported an argument by the Securities and Exchange Commission (SEC) that Ripple’s sale of $XRP to institutional investors is considered a security offering.
Regarding the impact of this component on Ripple’s business, Alderoty clarified that since most of its customers are abroad, it would remain largely unaffected. He mentioned that Ripple would carefully analyze the judge’s decision, assess market needs, and ensure compliance with the judge’s findings concerning institutions.
Over 4K US Banks to Use Ripple Solution
Meanwhile, in a game-changing development, #Twitter user WallStreetBulls highlighted that a staggering 4,096 commercial banks and 576 savings and #loan associations, holding an astonishing $23.7 trillion in combined assets, are set to revolutionize cross-border settlements via Ripple ODL.
However, it is important to note that this is merely a projection from Wall Street Bulls, considering the number of commercial banks in the United States. The extent to which any US bank will leverage ODL remains to be seen.#Binanceturns6

#GOATMoments Chinese crypto journalist and blogger Colin Wu has tweeted that over the last 24 hours, after XRP plunged by 13%, traders began to liquidate their positions. Ultimately, the XRP fall extended to approximately 17%. He shared data provided by CoinGlass.
As they began to close positions, a total of $218 million worth of #crypto liquidations and sharp price falls of such major altcoins as ADA, LTC, $XLM , MKR, FTM, BSV were registered.
Among these liquidations, $160 million constituted long positions in those coins.
XLM has fallen by 13.5% in the last 24 hours; XRP has fallen by 13% in the last 24 hours; $ADA FTM BSV LTC MKR has also fallen sharply; the amount of liquidation in 24 hours reached 218 million US dollars, and 160 million US dollars was long liquidation. https://t.co/YQ6p9AZeYG— Wu Blockchain (WuBlockchain) July 15, 2023
XRP price peaked by roughly 100% after judge Analisa Torres announced a verdict, stating that XRP is not a security as the #SEC insisted.
The court ruled that the XRP sold by Ripple to financial institutions directly are to be classified as securities. However, programmatic sales and other sales made by Ripple are not. Now, the community is pondering whether Ripple's ODL sales and $XRP releases from escrow are securities as well or they are not.
Ripple CTO David Schwartz responded to that question on Twitter, saying that Ripple's legal team is looking into that issue now.
By now, the price of #XRP has recovered nearly 6%, trading at $0.72193.@wisegbeve#BinanceTournament

#GOATMoments Shiba Inu has officially closed the intake form submissions for the much-awaited Shibarium – Layer 2 solution.
Lucie, the SHIB team marketing specialist and community influencer, shared a sneak peek of the redesigned websites on Twitter. She also highlighted the latest updates that have been made.
One of the notable updates includes the closure of intake form submissions for the much-awaited Shibarium – Layer 2 solution.
The Shiba Inu team also unveiled an exciting new look for their official websites, Shib.io and Shibarium Tech. These websites now include several fresh updates implemented within the Shiba Inu ecosystem.
Sooo beautiful 😍 $SHIB #Shibarium pic.twitter.com/IauQxFujqS— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 13, 2023
The Shibarium intake form was introduced in February 2023, just before the launch of the Shibarium Beta Testnet. Its purpose was to identify promising projects and offer support to those interested in contributing to SHIB.
The crypto community has shown immense interest in the Shibarium intake forms, with over 3000 submissions as of May 6. This number continued to grow, and as of the latest update, Shytoshi Kusama, the lead developer of $SHIB , confirmed that the team has received more than 7000 applications.
In addition, Lucie shared that Bad Idea Ai has become an official partner of the Shiba Inu Ecosystem, joining the ranks of Unification (FUND) and Welly, a Shiba Inu-themed burger joint, as listed on the new website.
These updates are paving the way for the highly anticipated launch of Shibarium Mainnet. There are speculations that the Shibarium Mainnet launch may take place during the #ETH Toronto Conference 2023 in August. The event is scheduled for August 15th – 16th in Canada, and #ShibaInu is proud to be the official sponsor.
However, it’s worth mentioning that the team hasn’t disclosed the exact launch date for #Shibarium Mainnet yet.#Binanceturns6

#GOATMoments Recent data from IntoTheBlock highlights a notable trend regarding the #Shiba Inu (SHIB) token. Large transactions involving the popular ##cryptocurrency have continued to surge. However, a closer look at the statistics reveals a significant catch that demands attention.
Last Thursday, the volume of substantial $SHIB transactions experienced a staggering spike, skyrocketing by an impressive 454%. Within the next 24 hours, the cumulative number of these transactions reached a staggering 6.36 trillion tokens, amounting to a remarkable increase of $36.38 million in monetary terms.
While the subsequent 24-hour period saw a decrease in volume, it remained at a considerably high level. On Saturday, the recorded value settled at 4.49 trillion SHIB or $34.38 million, indicating sustained interest and activity in the #ShibaInu token.
The catch
To shed more light on the data, let's examine the flow of SHIB tokens in and out of major holders' wallets. During the analyzed period, outflows from wallets holding at least 1% of the total token supply surged by 930 billion SHIB, totaling 1.41 trillion coins. The following day, although the value dipped slightly, it still accounted for nearly half a trillion tokens.
Conversely, inflows into these wallets were comparatively minimal. On Friday, the recorded value stood at 1.19 trillion SHIB, dwindling to 607.59 billion tokens on Saturday. This stark difference in the flow of SHIB tokens between major holders emphasizes a crucial aspect of the ongoing activity.
While the high volume of large SHIB transactions is undeniably eye-catching, it is essential to consider the substantial outflows from significant holders. This observation raises questions about the motivations behind these transactions and the potential impact on the market.#pepe

#FDUSD Shiba Inu, a cryptocurrency that originated as a meme but has now solidified its market presence, is making waves with the ‘Shibarium’ launch on the horizon. Data from IntoTheBlock reveals that the crypto’s whales – entities holding large quantities – have shifted billions of SHIB tokens in the past 24 hours.
This vast movement of funds coincides with an increase in Shiba Inu’s large transaction volume, reaching roughly 1.13 trillion SHIB. It appears that large-scale investors are making their moves in anticipation of the cryptocurrency’s next big announcement, which is likely to be the Shibarium launch.
Whales And Burn Rates – Shiba Inu Active Market
The metric of large transaction volumes serves as a key indicator, offering a snapshot of the activities carried out by prominent players, often called ‘whales,’ within the crypto ecosystem during a specific timeframe.
This measure mainly provides valuable insights into the magnitude of transactions made by these influential participants on any given day, reflecting their potential impact on the market dynamics.
IntoTheBlock defines large transactions as transfers exceeding $100,000. And as it stands, the recent activity shows increasing movements on the #Shiba Inu market, with whales adjusting their holdings. Simultaneously, there has been a significant uptick in the burning of SHIB tokens, doubling in the past 24 hours.
According to data from Shibburn, a platform solely for tracking Shiba Inu burn activities, over 62 million SHIB tokens have been eliminated from circulation in the past day, increasing the total SHIB burn rate by 220% over the same period.
Notably, this deliberate reduction of available tokens is a strategy often used in the crypto sphere to create scarcity and potentially drive up the value of the remaining tokens in the long, in this case, the price of SHIB.
The Shibarium Anticipation
The recent activity among SHIB’s largest holders may be connected to the upcoming #Shibarium launch. Bitcoin advocate Davinci Jeremie has recently expressed his bullish sentiment on X (formerly known as Twitter), stating, “Big things are happening for Shib looking forward to [seeing] what happens.”
Further fuelling the anticipation, the official SHIB account on X also hinted at the community with a post featuring a cheerful expression of a Shiba Inu dog. However, the specifics of what these “big things” could be remain uncertain, further stoking the fires of curiosity and excitement among the Shiba Inu investors.
GM #SHIBARMY pic.twitter.com/bC60SaRx4L— Shib (@Shibtoken) August 2, 2023
However, as the curtain rises on the next chapter for Shiba Inu, the recent flurry of whale activity and the increased burn rate underline a market bracing for impact. Whether the coming changes propel SHIB to new heights or steer it down another path is a story that remains to be written.
Meanwhile, #ShibaInu token SHIB has seen quite a retrace in the past 24 hours following a more than 5% increase over the past 7 days. At the time of writing, $SHIB trades for $0.00000817 down by 1.1% in the past 24 hours.
Featured image from Unsplash, Chart from TradingView#GOATMoments

#FDUSD 1 The price of the CRV network is trading at the price of $0.64228051 The coin’s price rose by 5.48% in the last 24 hours.2 The CRV price observed a decrease of 11.85% in the last 7 days.3 The market capitalization of Curve DAO at $562.235 Million
A hacker exploited a flaw in Curve DAO, a platform that allows users to lend and borrow cryptocurrencies, and stole $62 Million on July 30, 2023 triggering panic among users. The value of the online money market by $1.5 Billion. Curve DAO offered a 10% bounty to the hacker to return the funds by August 6 or face legal action.
Aave DAO, another platform that works with Curve DAO, proposed to buy CRV tokens, the native currency of Curve DAO, to support its liquidity and voting power. Both Curve DAO and Aave DAO are trying to recover from the attack and improve their position in the DeFi space.
CRV Crypto Technical Analysis In One Day Time Frame
Source: CRV/US DOLLAR by TradingView
The price of CRV has below the 50 and 200 SMAs with a bearish crossover that shows the impact of bears in the market. If bears persist to pull the market down, CRV could fall further and go into a downtrend.
The RSI line is moving toward the overbought zone. It is around 42.55, while the 14 SMA is at 37.89 points. This indicates that the #Curve DAO token is overbought. However, the $CRV price could rise significantly if it breaks out of the falling wedge pattern.
The MACD indicator is giving bullish signals. The MACD line (-0.01132863) and the signal line (-0.03104009) are above the zero line, meaning that the MACD is in positive territory and is bullish for now.
The Curve DAO trading volume of 24 hours is $2.622 Million and the average volume of the last 10 days is $5.268 Million.
Technical Levels:
Support Level: The current support level is $0.485452.
Resistance Level: The current resistance level is $0.883024.
Conclusion
The online money market lost $1.5 billion in value. Curve Finance offered a reward to the hacker or anyone who can help find them. They also warned of legal action if the hacker does not return the money by August 6. Aave DAO, another crypto platform, bought some CRV tokens, the currency of CurveDAO, with USDT, a stablecoin. This was to help Curve DAO’s liquidity and voting power. However, #CRV has been falling for a week. It has been below some indicators that show its price and performance. The crypto industry needs to fix security and market issues to regain its value and trust.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in #crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.#GOATMoments

#GOATMoments Bitcoin’s been on a seesaw ride for the past month, swinging between $31,500 and $29,650. These levels have proven to be significant with Bitcoin’s price smacking into and bouncing back from both these levels three times. Even more intriguing? We’re seeing a ‘megaphone’ pattern emerge in this tug of war—a hint of growing volatility and a potential trend reversal. So, are you planning to buy the dip or wait for more discounted prices? Check out Bitcoin price analysis to create a more technical viewpoint.
Also read: Bitcoin Long-Term Holders Reach ATH, Is The Time For Quick Gains Over?
Bitcoin Price Daily Chart
The Bitcoin price, currently confined within a narrow range, requires a breakout opportunity to reestablish a directional trend.If a breakout occurs above $31,500, it could trigger a surge in the coin’s price, potentially resulting in a 4.5% increase.The intraday trading volume in Bitcoin is $10.5 Billion, indicating a 35% gain.
Tradingview
Bitcoin’s price action has entered a consolidation phase, trapped sideways after an impressive 21% surge in the last 15 days of June.
For almost 31 days, it has been hovering within a defined range, with $29,642 and $31,498 acting as the lower and upper bands respectively. This period of consolidation has bottled up significant momentum, potentially setting the stage for a sudden price shift upon breakout.
Currently, Bitcoin trades at $29,893 close to the support with signs of lower price rejection.
Moreover, an analysis of the closing price of each swing within the consolidation phase reveals a pattern of higher highs. Interestingly, similar observations can be made when examining the closing price of each bearish candle near the support band.
From these observations, it is evident that Bitcoin’s price action has formed a ‘megaphone’ pattern.
Will Bitcoin Crash After This Sideways #Trend ?
The Megaphone pattern projects increased uncertainty and volatility, hinting at a potential trend reversal. In essence, it forecasts a possible bearish reversal in Bitcoin prices. However, the lower price rejection in Bitcoin prices suggests a potential bullish revival. This could lead to a new swing high within the consolidation phase, or possibly even a bullish breakout.
If a bullish breakout does occur, Bitcoin prices could reach a high of $32,957, based on range breakout projections. Conversely, should prices fail to sustain above the $29,642 mark, Bitcoin could fall as low as $27,925.
EMAs: The #bitcoin prices, supported at the 50-day EMA, hint at a high likelihood of a bullish reversal due to the emergence of a Morning Star pattern. Furthermore, in the critical view of the daily chart, the 200, 100, 50, and 20 EMA align in a bullish formation.Relative Strength Index: The RSI line indicates a bearish divergence during the consolidation phase. However, it finds support at the central line, suggesting a potential upside reversal.#BRC20 #MultiChain