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The crypto giant Grayscale has launched a new trust for the layer-1 Ethereum (ETH) competitor Avalanche (AVAX). Rayhaneh Sharif-Askary, Grayscale’s head of product and research, says Avalanche has played a “pivotal role” in advancing the adoption of real-world asset (RWA) tokenization. AVAX shot up in price by 5.65% on Thursday, outpacing the broader crypto market, which dropped 1.3% over the same time period. The new Grayscale Avalanche Trust will function like the asset manager’s other single-asset investment trusts and is solely invested in the AVAX token. Grayscale’s new product wasn’t the only recent development that could have had a hand in boosting AVAX’s price. The layer-1 project also announced on Thursday that the global investment giant Franklin Templeton is expanding its on-chain money market fund, FOBXX, to the Avalanche network. Franklin Templeton made FOBXX available on the layer-2 scaling solution Arbitrum (AR...

1. Supreme Court and Prosecutor General Include “Virtual Assets” Transactions as a Form of Money Laundering link link link On August 19, the Supreme People’s Court and the Supreme People’s Procuratorate held a joint press conference to issue an interpretation on the application of law in handling criminal cases involving money laundering. The interpretation clarifies that using “virtual assets” for transactions or financial asset exchanges to transfer or convert criminal proceeds and their profits can be recognized as “concealing or disguising the origin and nature of criminal proceeds” under Article 191, Paragraph 1, Item 5 of the Criminal Law. Attorney Shao Shiwei explained that the inclusion of virtual asset transactions as a method of money laundering means that if one receives illicit funds through the sale or purchase of virtual currency, the nature of those funds will determine the crime. If the funds come from the seven predicate crimes specified in the money laundering laws,...

Dogecoin (DOGE) remains a significant player in the cryptocurrency market, boasting a market capitalization of approximately $15.50 billion and a 24-hour trading volume around $513.03 million. Ranked #9 on CoinMarketCap, DOGE is currently trading near $0.105, reflecting ongoing interest from the crypto community. DOGE Key Statistics Current Price: $0.105 Market Cap: $15.50 billion Trading Volume (24h): $513.03 million Circulating Supply: 145.64 billion DOGE Total Supply: 145.64 billion DOGE CoinMarketCap Ranking: #9 Over the past 30 days, Dogecoin has surged by 31.73% from its lowest point, and in the last 7 days, it has gained 8.84%. This upward movement highlights the growing confidence among investors and the overall positive momentum surrounding Dogecoin. DOGE/USD Market Analysis Key Levels: Resistance: $0.106, $0.109, $0.115 Support: $0.102, $0.095, $0.080 DOGEUSD -Daily Chart DOGE/USD is currently facing resistance at $0.106. The Bollinger Bands suggest ...

XRP, Ripple’s cryptocurrency, is at a crucial point. The blockchain-based asset is hovering around $0.60. The latest XRP price movements has brought some attention to it. Also Read: Ripple (XRP) & Dogecoin (Doge) Price Prediction For September 2024 Unlocking a 14% Rally: Navigating Market Volatility with Ripple’s XRP XRP’s Price Performance and Support Levels XRP’s price has been on a wild ride lately. In just 24 hours, it dropped 1.74%, testing the critical $0.595 support level. Traders and investors are watching this level like hawks. If Ripple’s coin loses this support, it might drop to $0.555. That said, if it holds, a 14% rally could happen. We’re eager to see how this unfolds. Factors Influencing Ripple’s Potential Rally XRP’s price is bouncing between $0.595 and $0.6487. This narrow range might indicate a potential large move soon. Could this be the moment? Analysis ">Liquidations and Open Interest Analysis Coinglass data shows more liquidation...

The Fantom price prediction shows that FTM remains in the green as the coin market gains 4.01% within the channel. Fantom Prediction Statistics Data: Fantom price now – $0.412 Fantom market cap – $1.27 billion Fantom circulating supply – 2.8 billion Fantom total supply – 3.1 billion Fantom Coinmarketcap ranking – #55 It’s often recommended to get involved in crypto projects as early as possible, as the growth potential can be significant. For instance, Fantom (FTM) has seen a remarkable increase from its all-time low price of $0.001953 on March 13, 2020. Since then, it has skyrocketed by an incredible 23,163.98%. Although it’s currently trading between $0.3892 and $0.4592, which is a significant drop from its all-time high of $3.48 on October 28, 2021, the impressive rise from its lowest point demonstrates the potential rewards of early investment in the crypto space. FTM/USD Market Key Levels: Resistance levels: $0.58, $0.63, $0.68 ...

The Sun Token price has soared 47% in the last 24 hours to trade at $0.01766 as of  6 a.m. EST on a 474% surge in trading volume to $376 million Sun Token Price Analysis: Bullish Momentum Accelerates Into A Parabolic Curve The SUN/USD on the 4-hour time frame illustrates a significant shift in momentum, marked by a pronounced bullish trend that has recently accelerated into a parabolic curve. The price action, initially contained within a steady ascending channel, has broken out with remarkable strength, signaling heightened market enthusiasm. SUNUSD Analysis Source: Dextools.io The moving averages lend further credence to the bullish sentiment. The 50-period moving average, positioned at approximately $0.01075, and the 200-period moving average, around $0.01013, both trail significantly below the current price. This separation underscores the strength of the ongoing upward movement, as the price remains comfortably above these critical support levels. However, this...

Your guide: What is Shibarium? Are you a huge fan of Shiba Inu crypto? What about Shibarium? If you’ve wondered, “What is Shibarium?” you’re in luck. Today, we will cover this and more. Keep reading to learn more. Also read: BRICS Unveil Trade Model to Replace US Dollar Across All Members What is Shiba Inu (SHIB)? Let’s talk about Shiba Inu for a moment before we get into today’s topic. Shiba Inu (SHIB) arrived in August 2020 as a joke coin based on the Shiba Inu dog breed. But it quickly turned into a huge project run by the whole community. Unlike most cryptocurrencies, Shiba Inu operates with complete autonomy, focusing strongly on community involvement. Shiba Inu’s ecosystem has three types of tokens: SHIB, LEASH, and BONE. BONE is a governance coin. The Shiba Inu team, which is run by a pseudonymous developer named Shytoshi Kusama, has been working hard to make the ecosystem bigger. Shibarium is a game-changing update to the Shiba Inu proje...

The Cardano price surged 3% in the last 24 hours to trade at $0.3437 as of 04:05 a.m. EST on trading volume that jumped 35% to $252 million. This came as Tron (TRX) surpassed Cardano’s ADA to become the 10th biggest crypto by market capitalization, according to CoinMarketCap . TRX currently has a market cap of $12.04 billion, while Cardano’s market cap sits at $11.89 billion. Cardano Price To Continue Surging – Bulls Aim For A Breakout The Cardano price has been in a consolidation phase in the last two weeks, as the bulls continue to struggle to breach the $0.3460 resistance, according to data from GeckoTerminal . ADA has now surpassed the 50-day Simple Moving Average (SMA), which supports the current ADA uptrend in the short term. If the uptrend continues, the price of Cardano could surge over the sideways pattern, to the 200-day SMA at $0.372. Furthermore, the Relative Strength Index (RSI) is on a rebound from the 50-midline level, as it closes in on the 70-ov...