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3mmc

3mmc 🤤🤤🤤🤤 you all know the quality I being

ICC deems Oct.7 irrelevent in war crime case against Israel | The Jerusalem PostJerusalem Post/Israel News/Defense News What battles did Israel lose, and what cards does it have left to play before a more permanent war crimes controversy disaster? THE INTERNATIONAL Criminal Court building in The Hague: The ICC has no viable plan to bring to justice the Hamas leaders who conceived the…

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Bitcoin Price Takes A Hit As SEC Deems Spot ETF Filings 'Inadequate'

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The US Securities and Exchange Commission (SEC) has reportedly told exchanges Nasdaq and Cboe that recent filings for spot Bitcoin (BTC) exchange-traded funds (ETFs) from asset managers including BlackRock and Fidelity were not “clear and comprehensive” enough.

Bitcoin ETFs In Jeopardy?

The SEC has rejected several Bitcoin ETF filings in recent years due to concerns over potential fraudulent and manipulative practices associated with the cryptocurrency market. 

The agency has stated that the filings do not meet the standards designed to protect investors and the public interest. In particular, the SEC has expressed concerns about the lack of regulation and oversight in the cryptocurrency market, which could make it easier for bad actors to manipulate the price of Bitcoin and other cryptocurrencies. 

The SEC has also expressed concerns about custody and liquidity issues related to cryptocurrency. While some asset managers have attempted to address these concerns in their filings, the SEC has continued to reject them as inadequate. However, Several proposed solutions have been put forward to address the SEC’s concerns around Bitcoin ETFs. 

One potential solution is the use of regulated custodians to hold the Bitcoin backing the ETF, which would provide greater oversight and security for investors. Some asset managers have also proposed using futures contracts to track the price of Bitcoin, rather than holding the actual cryptocurrency, which could help address liquidity concerns. 

In addition, some have suggested that the SEC could work with industry participants to establish best practices and guidelines for the cryptocurrency market, which could help mitigate risks associated with fraudulent and manipulative practices. 

Despite these proposals, the SEC has continued to scrutinize Bitcoin ETF filings, indicating that more work may need to be done to address the agency’s concerns.

The SEC declined to comment on the Wall Street Journal report, while Nasdaq and Cboe were not available for immediate comment. The decision is a blow to asset managers’ attempts to launch Bitcoin ETFs, which have been repeatedly blocked by regulators in the US.

BTC’s Price Tumbles, Signaling The End Of The Bull Run? 

The latest criticism by the US Securities and Exchange Commission (SEC) on filings for spot Bitcoin exchange-traded funds has caused BTC’s price to drop from over $31,000 to $29,800. 

Although Bitcoin is currently trading above the $30,000 line, there is uncertainty around the ETF filings by BlackRock and other major financial players, which could lead to another downtrend and a test of lower support.

If this were to happen, Bitcoin bulls must hold the $29,500 line, which is the next support below $30,000. Additionally, Bitcoin’s 50-day moving average (MA) on the daily chart could provide strong support for the cryptocurrency, currently placed at $28,100.

Related Reading: Ethereum Classic (ETC) Resumes Uptrend, Notches 13% In The Last Day

Nevertheless, as reported on June 29th by NewsBTC, Bitcoin is likely to enter a 10-day period of downtrend due to the loss of the strength of the current uptrend, as noted by the Average Directional Index (ADX) on the 1-day chart.

The ADX is a technical indicator that measures the strength of a trend and is used by traders to identify potential price movements. Bitcoin’s ADX is already spiking down, which suggests a potential shift in trend. Additionally, the squeeze momentum indicator also reflects the downtrend that Bitcoin could be poised to experience in the coming week and a half.

Overall, the recent criticism by the US SEC of the filings for spot BTC ETFs by BlackRock and Fidelity adds to the uncertainty surrounding the cryptocurrency’s future price movements.

If the asset managers cannot find common ground with the SEC’s expectations, their ETF applications could be in jeopardy.

BTC is trading slightly above the $30,000 line. Source: BTCUSDT on TradingView.com

Featured image from Unsplash, chart from TradingView.com 

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Paradigm Co-founder Matt Huang Deems AI 'Too Interesting to Ignore' but Remains Devoted to Crypto

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An AI Chip. Source: Adobe

Matt Huang, co-founder of crypto-focused investment firm Paradigm, says he is still devoted to crypto even though artificial intelligence (AI) in his opinion is “too interesting to ignore.”

“We’ve never been more excited about crypto and we continue to invest across all stages,” Huang said Tuesday on Twitter, while adding “We’re also a group of curious nerds and the developments in AI are too interesting to ignore.”

The venture capitalist went on to say that he does not see crypto and AI as being in some kind of competition where one will win and the other will lose, despite others holding that opinion.

“It seems trendy to frame crypto vs AI as a zero-sum competition. But we don’t buy it,” he wrote, before finally adding:

“Both are interesting and will have plenty of overlap. We’re excited to continue exploring.”

The comments from Huang, who is well-known in crypto circles for his involvement with decentralized finance (DeFi) projects like Uniswap, dYdX, and Blend come just a month after his firm took a step away from a pure crypto focus to a broader “frontier tech” investing strategy that includes AI.

As part of the shift to a broader focus, Paradigm also removed all mentions of the words “crypto” and “Web3” from its website.

Not surprisingly, the move has been seen by some in the crypto community as an attempt to distance the firm for its beginnings as a pure crypto investment fund.

This was also pointed out in the comments under Huang’s latest tweet, Adam Cochran, a popular contributor to several DeFi projects, who shared screenshots showing Paradigm’s website before and after the firm changed all mentions of crypto.

“[…] if you think crypto is a defining technology, you would think you’d be comfortable defining yourself by it – not just with lip service on [crypto Twitter],” Cochran wrote.

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COTI is Going to Zero After the SEC Deems the Token a Security While This Lesser Known Green Crypto Just Hit $5.1 Million – Time to Buy?

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COTI/USD Chart / Source: TradingView

The $COTI price is fast going to zero in wake of the US Security and Exchange Commission’s (SEC) assessment that the token is a security.

$COTI, which powers the COTI network, was last trading around $0.043, having lost more than 35% of its value since the start of last week.

That’s when the SEC unveiled new lawsuits against Binance and Coinbase, labeling $COTI and dozens of other cryptocurrencies as securities in the process.

The cryptocurrency is now down a staggering more than 95% from its record highs hit in late-2021 around $0.93.

$COTI considers itself a “regulation-ready” crypto network, as per the project’s website.

Being “regulation-ready… is a base requirement for enterprises when entering Web3,” the project explains.

“COTI has performed Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to all holders of COTI’s native coin in the COTI VIPER Wallet since inception and works in a prudent manner, making it ready for the challenges of tomorrow”.

Excellent KYC and AML controls on the COTI network were not enough to stop the SEC labelling the crypto as a security.

A near-term retest of last week’s record lows around $0.04 for $COTI seems likely, in wake of the crypto’s failure to recover back above key resistance in the form of the early 2023 lows in the $0.048 area.

Things Are Looking Up For This Lesser Known Green Crypto

While the $COTI outlook is dire, things are looking up for this lesser-known green crypto project called ecoterra.

As outlined in the project’s whitepaper, ecoterra is building an all-in-one $ECOTERRA-powered Web3 ecosystem, designed to encourage recycling via its first-of-its-kind Recycle-to-Earn (R2E) app. 

The platform will also facilitate trade in recycled materials and encourage individuals and businesses to offset their carbon footprint.

And the project’s presale of its native $ECOTERRA token has been absolutely flying.

Sales recently surpassed $5.1 million, a strong vote of confidence from the crypto investing community in the project’s vision.

Observers expect the pace of the presale to pick up now that the project is accepting invitations for users to try out a demo version of the flagship R2E application.

Nascent green Web3 projects such as ecoterra are expected to play an increasingly important role in global efforts to address climate change in the decades ahead, as crypto’s broader adoption increases.

Visit Ecoterra Here

How Does Ecoterra Work?

When harnessed effectively, blockchain technology provides a unique ability to promote environmentally friendly behaviors by rewarding recycling. 

Ecoterra’s decentralized ecosystem will make it easy to offset carbon emissions and track environmental impacts by utilizing the blockchain’s transparency properties.

And ecoterra is building an all-in-one application that does all of those things and more.

Ecoterra rewards users with the platform’s native $ECOTERRA crypto token every time they recycle.

The green Web3 start-up’s R2E app is supported in any country that uses Reverse Vending Machines (RVMs), meaning there’s a huge potential market.

The platform features a marketplace where individuals and businesses can offset their carbon footprint.

Last but not least, ecoterra allows individuals and businesses to track their environmentally friendly practices via their Impact Trackable Profile.

Observers expect this feature to be very popular amongst environmentally-conscious businesses, who can use Impact Trackable Profile to boost their brand image and bolster customer loyalty.

Vist the ecoterra website

Time to Buy $ECOTERRA?

Investors have no time to lose if they want to secure their $ECOTERRA bag at a favorable price.

That’s because when ecoterra’s presale hits $5.7 million, it will enter its ninth and final stage and the $ECOTERRA price will rise 8% to $0.01.

The presale will then end once the $6.7 million, a milestone that could be hit in a matter of weeks given the pace at which $ECOTERRA has been selling recently.

$ECOTERRA will then launch across major crypto exchanges next quarter, with many analysts predicting big upside for the token as a broader investor base rushes into to secure one of the crypto industry’s most promising green crypto tokens.

Buy $ECOTERRA Here

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The Sandbox is Going to Zero as the SEC Deems SAND to be a Security but This New AI Crypto Signals Platform May Be the Next Crypto to Explode – Here's Why

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SAND Chart / Source: TradingView

SAND, the native token that powers The Sandbox’s decentralized crypto, non-fungible token (NFT) and blockchain-powered metaverse, took an absolute beating last week.

When it hit fresh lows for the year just above $0.33 per token, the crypto token had lost a stunning nearly 50% of its value in less than seven days.

Ultimately, SAND ended the week with losses of around 35% in the $0.38 area, the cryptocurrency’s worst week since January 2022.

The catalyst for the downside was the US Securities and Exchange Commission (SEC)’s classification of SAND as a security in its lawsuit against Coinbase and Binance.

If the SEC’s lawsuits are successful, SAND will face significantly higher regulations in the US, which effectively makes it likely that crypto platforms won’t want to offer the token, meaning SAND may lose demand from one of the world’s most important markets.

But technical selling also played a role in SAND’s demise.

Sell pressure last week was exacerbated by SAND finding strong resistance at a downtrend from the 2023 highs and its 200-Day Moving Average in the $0.60 area.

SAND Chart / Source: TradingView

SAND may now fall all the way back to its June 2021 lows in the $0.15 area.

Investors looking for a better shot at near-term gains might want to consider getting a hold of some of viral new AI-powered crypto price prediction platform yPredict’s native $YPRED token, which many industry experts are predicting may be the next best performer.

Indeed, analysts at Cryptonews.com rank yPredict’s presale as one of the hottest of 2023.

yPredict (YPRED) – The Next Crypto to Explode?

A ground-breaking new AI-powered crypto trading and market intelligence platform called yPredict is building a first-of-its-kind, institutional-grade crypto price prediction system.

According to observers, the tool, which is powered by yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease.

The best part, yPredict’s crypto price prediction system will remain free and open for all users to access – the price predictions will be made publicly available and require no login to see, the project’s Whitepaper explains.

But yPredict offers investors much more than just crypto price predictions.

The project is “building a cutting-edge crypto research and trading platform that provides traders and investors access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features”, the start-up says in its Lite paper.

The platform’s technology was designed using state-of-art predictive models and data insights built by top 1% AI developers and quants.

Meanwhile, “the ypredict.ai marketplace will enable experts to earn recurring revenue by offering their model predictions or data research as trading signals, which traders and investors can subscribe to”.

As AI continues to make waves in the crypto industry, projects like yPredict are expected to attract significant interest and user bases.

That’s why many industry observers are tipping AI cryptos like yPredict’s native $YPRED token to be amongst the next cryptos to explode.

Visit yPredict Here

Get in on the yPredict Presale Now

To fund the development of its revolutionary AI-powered crypto trading and market intelligence platform, yPredict is running a presale of the native $YPRED token that will power its platform.

The presale is absolutely flying and just hit the massive $2.3 million milestone.

The project’s presale is in its sixth stage, with $YPRED tokens selling for $0.09.

However, there’s still plenty of upside for new investors, as the token will list across major exchanges for $0.12 later this year, for paper gains of 33%.

But the pace at which yPredict’s $YPRED token continues to fly off the shelves means that investors need to be careful not to miss out before the presale sells out.

yPredict has a presale hard cap of $6.5 million, which could be hit in a couple of weeks if the presale continues to gain pace like it has in recent days.

The 33% gains that investors who get in now can secure could pale in comparison with the upside $YPRED could enjoy in the long run.

Visit yPredict Here

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