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The Fall of Multichain: A Tale of Unexpected Turbulence and Security Breaches In an unforeseen chain of events that unfolded between May and July 2023, the CEO of Multichain, Zhaojun, was apprehended by Chinese authorities, destabilizing the blockchain project. The situation escalated when user assets began to be transferred to unknown addresses.

Bitcoin Hits 14-Month High, Following Ripple Ruling Bitcoin rose towards the $32,000 mark late on Thursday, as markets reacted to the news that a U.S. judge ruled that XRP was “not necessarily a security on its face.” The ruling was well received by the crypto world, and raised optimism that other crypto companies who are currently in legal battles with the Securities and Exchange Commission (SEC) could also prevail.

Russia’s Central Bank: BRICS Currency Requires Consent of Many Parties, Faces Implementation Challenges The governor of Russia’s central bank says the creation of a common BRICS currency “requires the consent of many parties.” While emphasizing that the proposed BRICS currency “deserves attention,” the Russian central bank chief cautioned that this project is challenging and “will be quite difficult to implement.”

Robert Kiyosaki Warns US Dollar ‘Will Die’ Citing BRICS Nations’ Plan to Launch Gold-Backed Currency Rich Dad Poor Dad author Robert Kiyosaki has warned that the U.S. dollar will die. He expects the BRICS nations (Brazil, Russia, India, China, and South Africa) to launch a gold-backed currency that will kill the USD. The famous author further stressed that U.S. dollars will come flooding home and inflation will go through the roof.

Bitcoin Exodus: Over 855,000 BTC Withdrawn From Exchanges Since July 2020 According to current data, about 2,086,034 bitcoins were held on exchanges as of July 11, 2023. This figure is 154,160 bitcoins less than the number held on centralized trading platforms 72 days earlier, on April 30. The number of bitcoins on exchanges has significantly dropped since July 31, 2020, when nearly 3 million bitcoins were held in exchange reserves.

Economist Peter Schiff Warns All Banks Will Fail, People Will Suffer Massive Losses as Banking Crisis Unfolds Economist Peter Schiff has warned that all banks will fail and anyone having a bank account will end up losing money. “No matter what happens, people are going to lose a tremendous amount as this banking crisis unfolds,” Schiff stressed.

UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against operators of unregistered crypto teller machines.

US Senator Expresses Concern Over Prometheum Co-CEO’s Congressional Testimony On Monday, U.S. senator Thomas Tuberville (R-AL) published an open letter to U.S. attorney general Merrick Garland and Securities and Exchange Commission (SEC) chairman Gary Gensler expressing concern over allegations that Prometheum, Inc., a registered digital asset company, may have provided false testimony to Congress and violated U.S. securities laws.

DAILY CLOSE UPDATE BTC/USDT $30622 ETH/USDT $1878.30 BNB/USDT $248.6 XRP/USDT. $0.4753 LTC /USDT $96.71

Bots Sending BTC — Lightning Labs Releases New Tools for AI-Bitcoin Integration On July 6, Lightning Labs released new developer tools to enhance the intersection of artificial intelligence (AI) and Bitcoin. The layer two (L2) startup introduced a new specification known as L402 and tools that enable AI systems to conduct transactions over the Lightning Network.

Crypto Market Remains in ‘Bitcoin Season’ as ‘Altcoin Season’ Drought Hits Record Two-Year Mark According to data, the cryptocurrency ecosystem has endured its longest stretch without an altcoin season. So far, it has been more than two years without an altcoin season, and there have been no signals indicating one might emerge.

MATIC up 8%, as SOL Nears Fresh 2-Month High Polygon was a notable mover on Tuesday, as the token surged by as much as 8% in today’s session. The move saw the cryptocurrency hit a one-month high, following a recent five-day bull run. Solana also rose higher, following a sell-off to start the week.

India’s External Affairs Minister Shuns BRICS Currency Talks, Prioritizes Rupee’s Strength Instead Members of the BRICS alliance are meeting at a summit in Johannesburg, South Africa, in August, focusing attention on the potential for the BRICS bloc to create a gold-backed reserve currency. However, Subrahmanyam Jaishankar, India’s external affairs minister, said India isn’t interested in issuing a common BRICS currency. Instead, he said India is more concerned with strengthening the rupee.

BTC Consolidates to Start Weekend, ETH Remains Below $1,900 Bitcoin was hovering near the $30,000 level to start the weekend, as markets continued to digest the latest U.S. nonfarm payrolls report. Payrolls came in at 209,000, less than the 225,000 expected, putting slight doubt in a potential July rate hike. Ethereum continued to trade below $1,900 on Saturday.

BTC’s Year-End Price Projections for 2023 Vary Widely, Ranging From $25K to $40K, While Future Forecasts Extend Into Six-Digit Territory Bitcoin’s market performance in the first half of 2023, surging by 80% against the U.S. dollar, has enthusiasts eagerly speculating about its year-end price. Techopedia and Changelly have released price prediction reports with varying estimates, suggesting that bitcoin’s value could range from $25,175 to $40,836 per unit by the close of the year.

Hello, welcome to this SOL/USDT update by CRYPTO SANDERS. CHART ANALYSIS:-Solana (SOL) moved past the 20.00 level earlier in the day, hitting a one-month high in the process. SOL/USD surged to an intraday high at 20.32, which comes after falling to a bottom at 18.50 the day prior. This rally has resulted in the world’s ninth-largest cryptocurrency hitting its highest level since June 6. SOL has since slipped, with bulls unable to sustain a breakout of the 20.00 price point. This was in part due to the RSI failing to breach its own resistance zone, which was around 61.00. SOL’s price strength is now sitting at 57.72 and appears to be heading for a lower floor near the 52.00 area. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/SOLUSDT/25F3K4W5-SOL-USDT-1DAY-UPDATE/

Hello, welcome to this BCH/USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin cash (BCH) rallied back above 300.00 on Thursday, prior to the global crypto market moving to consolidate. Following a low of 250.23 on Thursday, BCH/USD jumped to an intraday peak at 300.85 earlier in the day’s session. As a result of the rally, the price moved to its strongest point since the start of the week, and closer to a recent 15-month high. Earlier gains have now been erased, with BCH falling to a current reading of 279.71 as of writing. One of the catalysts for this is the fact that the relative strength index (RSI) moved closer to a ceiling at 73.00, after bouncing from a floor at 70.00. The index is now tracking at 71.69, and will likely consolidate around this area for the remainder of the day. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/BCHUSDT/zSg0uo2s-BCH-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

BTC Consolidates Lower Ahead of FOMC Meeting Minutes Bitcoin dropped below $31,000 on Wednesday, as markets consolidated ahead of the upcoming U.S. Federal Open Market Committee (FOMC) minutes. The minutes of last month’s meeting are expected to show the Fed’s potential path to further hikes this year. Ethereum fell for a second straight session.

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