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COMP increased by 155% in the last 30 days and the TVL followed suit. Bulls’ attempt to revive demand at $72.12 has been neutralized by selling pressure. COMP may pull back to $65.56 depending on EMAs and Stoch RSI trend. In the last 30 days, Compound Finance’s (COMP) Total Value Locked (TVL) has grown by 22.09%. According to TVL aggregator DefiLlama, Compound’s TVL growth was much more than Lido Finance (LDO) and Aave (AAVE) within the same period. TVL and Price Spike For context, the TVL shows the total value of assets locked or staked in decentralized Applications (dApps) operating under a DeFi protocol. Therefore, the increase in Compound’s TVL means that investors perceived the protocol to be more trustworthy. Compound Finance TVL (Source: DefiLlama) Like the TVL, the liquidity in Compound also followed the same path. The growth in liquidity suggests that there has been an increase in token swaps and the slippage require was not extremel...

North Korean government-backed hacking group Labyrinth Chollima was responsible for last month’s attack against US-based tech company JumpCloud in an attempt to gain access to its clientele of crypto firms, Reuters reports. Last week, JumpCloud first announced that a “sophisticated nation-state sponsored threat actor” had gained unauthorized access to its systems and targeted a “small and specific set” of customers. JumpCloud sells software to authorize and manage users across devices for major firms, but a spokesperson said that less than five customers were affected. Cybersecurity researcher Tom Hegel told Reuters that North Korea n Hack ers have become well versed in “supply chain attacks,” wherein service providers are infiltrated in order to access the real prize — its c US tomers. In this case, crypto firms are said to have been targeted but it remains unclear if any crypto was actually stolen , nor is it clear which crypto firms were breached. Working to assess the brea...

Shiba Inu, a meme coin cryptocurrency, has seen tremendous community interaction and collaboration in a variety of projects, including the building of the Shibarium network, Puppynet. Throughout 2022, the Shiba Inu team launched many projects, including the Shiba Eternity game and the SHIB metaverse, building excitement for the introduction of Shibarium. However, the launch of Shibarium was delayed due to a number of challenges. Also read: Dogecoin (DOGE) Surges 4% Following Elon Musk’s Tweet According to the latest data from CoinMarketCap, Shiba Inu ecosystem tokens LEASH and BONE displayed a single-digit surge in price over the last 24 hours. A notable price rise can be linked to a new announcement for LEASH holders BONE and LEASH have exhibited a 5.9% and 5.7% spike in value over the last 24 hours, respectively. The exact reason for the price surge is uncertain. However, there is a likelihood that it could be connected to an important announcement ...

Attorney Lewis Cohen and John Deaton presented the “embodiment theory” in the SEC v. Ripple case. The judge adopted the “embodiment theory” and ruled that XRP is not a security. The possibility of a SEC appeal was discussed, with speculation that it could be to offer a satisfactory settlement to Garlinghouse and Larsen. Attorney Lewis Cohen of DLx Law, in collaboration with founder and host of CryptoLawTV John Deaton, presented a compelling argument, known as the “embodiment theory,” leading to the court ruling that XRP is not a security in and of itself. In a recent discussion on CryptoLawTV, a channel known for its ability to transform complex legal jargon into layman terms, Deaton highlighted Cohen’s contribution to the SEC v. Ripple case. He revealed that the judge had read Lewis’ article and adopted the phrase “embodiment theory” from it, as seen in the judge’s ruling. Source The art...

Faruk Fatih Özer, the founder and CEO of Thodex, a defunct crypto exchange in Turkey, has been imprisoned after failing to provide the necessary tax documents to the country’s Tax Inspection Board. The Turkish crypto boss was deported from Albania last year after fleeing his country and was arrested in Istanbul on April 20. According to a report by Hürriyet Daily News, Özer was sentenced to seven months and 15 days in prison at the Anatolian 17th Criminal Court of First Instance. Ozer claimed he was innocent, saying “that a trustee had been appointed, preventing him from presenting the requested books.” You might also like: Former Thodex CEO arrested after extradition to Turkey Initially, the judge sentenced him to 18 months in prison. However, after considering Özer’s social concerns and behavior at the trial, the prosecutor lowered the imprisonment. Hürriyet Daily News claims that a notification to provide all the necessary documents was sent to Özer on Oct. 30, 2021...

The US Securities and Exchange Commission (SEC) has accepted BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF). The SEC’s official calendar now shows BlackRock’s application will be published in the Federal Register, starting a 21-day public comment period. On the docket BlackRock’s application to launch a spot Bitcoin exchange-traded fund (ETF) has been added to the SEC docket as part of the proposed rule change process.  This latest development, recorded on July 13, represents a significant milestone for the Bitcoin-related proposal currently being screened by the SEC. BlackRock initially submitted its filing in June. However, it recently caught the attention of the SEC, prompting an update. The revised application featured a provision for “surveillance-sharing,” specifically with Coinbase. You might also like: SEC accepts bitcoin ETF applications from BlackRock, Fidelity, Galaxy Digital Before the announcemen...

Jul 17, 2023 at 08:51 // Price Author Coin Idol Coinidol.com reporting on the technical Analysis of Quant (QNT). The price of Quant is falling below the moving average lines. Quant (QNT) Long-Term Prediction: Declining Since May, Quant has been trading above the $95 support level. Bears made two attempts to reapply selling pressure, which failed at the $95 support. On the other hand, buyers kept the price above the moving average but were deterred by the resistance at $110.  The barrier at $110 has slowed down the upward movement. If the current ...

Join Our Telegram channel to stay up to date on breaking news coverage Pepe Coin (PEPE) had a strong Saturday, rising 10% despite the waning bullish influence of Ripple (XRP)‘s landmark partial victory in the securities laws violation case against the US SEC on Thursday. So what’s next? Evidence of the Ripple ruling’s waning impact is seen in the price slumps indicated by BTC, SOL, ADA, and MATIC. Bitcoin has retracted to the $30,200 range, while Solana, Polygon, and Cardano are trading in the red. Meanwhile, PEPE is down about 4% at 12:30 EST with an almost 100% drop in 24-hour trading volume. Source: CoinMarketCap  Pepe Coin Price Forecast As PEPE Tests The 50-day SMA Pepe Coin (PEPE) remains bullish indicated by the Parabolic Stop and Reverse (SAR) indicator. The asset is bullish whenever this direction-tracking indicator tracks the asset’s price from below. However, this status is under threat after a rejection from the $0.00000185 supplier c...

Alex Mashinsky, the former CEO of Celsius Network, is set to be release d on bail following his arrest and fraud charges on Thursday, July 13. Mashinsky has agreed to a $40 million personal recognizance bond, which must be signed by his wife by Friday, July 14, and by another financially responsible individual before July 21, who is yet to be identified. A release based on promise Following his arrest, a U.S. district court judge granted Mashinsky bail. In the agreement, Mashinsky must surrender his travel documents to authorities and is restricted to traveling within New York. Furthermore, the document states that the former CEO of the crypto lender is prohibited from opening any new financial, business, or personal bank accounts, lines of credit, or cryptocurrency accounts without the approval of Pretrial Services. The bond will be signed solely by his wife, while the identity of the co-signatory remains undisclosed. To secure the bond, Mashinsky’s New York City residence a...

NYC Mayor Eric Adams to amend his financial disclosure form and include his Bitcoin and Ethereum holdings. A spokesperson reported that Adams misunderstood the question on the form and believed it only referred to traditional securities. Deputy Mayor Phil Banks and adviser Timothy Pearson disclosed their specific Bitcoin and Ethereum holdings. NYC Mayor Eric Adams announced that he will revise his financial disclosure form after it was highlighted that the form didn’t include any information about his Bitcoin and Ethereum holding. In this year’s form submitted to the city Conflicts of Interest Board, Adams responded negatively to a query regarding his possession of any financial assets with a value of $1,000 or higher at the end of 2022. These assets include securities such as stocks, bonds, ETFs, mutual funds, or cryptocurrencies. According to CNBC, a spokesperson on Adam’s behalf named Fabien Levy, shared that the mayor failed to dis close his sha...

TRON surpasses BNB Chain and Ethereum in active on-chain addresses. Nansen’s data shows TRON had 17.1 million active addresses in June. BNB experienced a slight decline, with 11.9 million active addresses. The TRON (TRX) blockchain network has recently emerged as a formidable player in the crypto space, surpassing BNB Chain and Ethereum in terms of active addresses. In a recent tweet, Nansen, a blockchain data and research provider, highlighted this significant development. June active addresses by chain: TRON: 17.1M (+42%) BNB: 11.9M (-4%) Ethereum: 5.8M (+23%) Solana: 5.2M (-45%) Polygon: 4.6M (-3.5%) Arbitrum: 2.4M (-14%) Optimism: 1.2M (+17%) Avalanche: 1.1M (+21%) Fantom: 623K (-26%) Celo: 320K (+53%) Ronin: 102K (-13%) pic.twitter.com/eavqALuY2H — Nansen (@nansen_ai) July 12, 2023 According to Nansen’s update, TRON led the pack with 17.1 million active addresses in June, representing a substantial 42% increase month-on-month. On ...

Binance Labs announces partnership with Web3 game platform Xterio ecosystem. Through the collaboration, Xterio will receive a $15 million investment from Binance Labs. The Web3 platform will use the funds to accelerate game development and integrate AI technology. The Web3 game platform and publisher Xterio have received a substantial investment of $15 million from Binance Labs, the startup capital and incubator division of Binance. Xterio combines free-to-play and on-chain gaming, with a focus on developing in-house and third-party games. We're excited to announce our investment in@XterioGames! Xterio is a Web3 game platform & publisher innovating AI toolkits to bridge free-to-play & on-chain gaming with its diverse suite of in-house & third-party games.https://t.co/1x4LyMI5ra — Binance Labs Fund (@BinanceLabs) July 13, 2023 This substantial funding will fuel the growth of Xterio’s game and technology development, including t...

Join Our Telegram channel to stay up to date on breaking news coverage There has been an influx of TV and Film themed meme coins this week. Tokens like The Mask, C3PO, Homer Simpson, and Heisenberg have appeared and then shot up the price charts. However, most of these coins have either been uncovered as a scam or as dead on arrival. An alternative investment called Mr Hankey, a memecoin inspired by South Park, is better. Available as a presale, this token embraces the toilet humor of the beloved series to the tee. TV & Film Themed Tokens That Showed Up and Blew Up Fast The recent bouquet of tokens that have made waves on DEXtools totally embraces their movie and TV inspirations. They have used that cultural relevance, which goes beyond the realms of social media, to gain traction in the market. C3PO The lovable bumbling robot who was tasked with taking the Death Star plans to the rebel army in Star Wars has always been a fan favorite. A good companion to R2D2, this c...