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Cryptopunks and Blue Chips Power Top NFT Traders to Over $300 Million in Profits The top 15 traders in the Ethereum non-fungible token (NFT) market have amassed up to $101.6 million in profits, as revealed in Coingecko’s latest NFT report. These traders lucratively capitalized on early investments in esteemed blue-chip NFT collections such as Cryptopunks, Bored Ape Yacht Club (BAYC), and Art Blocks.

LINK, SOL Extend Gains, as Crypto Momentum Begins to Shift Chainlink surged by nearly 4% during Tuesday’s session, as the token moved towards a one-week high. The move came as cryptocurrencies rebounded, following a slow start to the week. Solana was another big mover, as it headed towards the $24.00 level.

Wall Street Divided: Treasury Yields Surge Sparks Intense Debates and Divergent Bets In recent weeks, Treasury yields have skyrocketed, igniting a Wall Street dispute over whether the precipitous sell-off is now overextended. A small group of prominent investors are wagering that bond prices will bounce back following the abrupt escalation in rates.

BTC Nears 1-Week High, as Paypal Launches USD Stablecoin Bitcoin rebounded on Tuesday, following the news that Paypal was launching a USD stablecoin on the ethereum blockchain. The company hopes the move will bridge the gap between fiat and cryptocurrencies for all of its stakeholders. Ethereum was marginally higher today.

US Representative Patrick McHenry: Stablecoins 'Hold Promise as a Pillar of Our 21st-Century Payments System' Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated, stablecoins “hold promise as a pillar of our 21st-century payments system,” calling on Congress to put clear rules on the sector by enacting stablecoin-specific regulation.

Senator Calls for Audit on Palau's Ripple-Backed Stablecoin Pilot Program Palauan senator Mark Rudimch has called for an audit of Palau’s stablecoin pilot program, launched by the country’s ministry of finance in partnership with Ripple in July. In a letter sent to the public auditor Satrunino Tewid, Rudimch reported the Palauan senate had concerns regarding the “constitutionality, security, accountability, statutory authority, and oversight of the program.”

hello, welcome to this XLM/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Additionally, Stellar (XLM) was another token in the green on Monday, as it continued to move away from a floor of 0.1345. Following a low at 0.1380 on Sunday, XLM/USD rallied to an intraday high of 0.1431 earlier in the day. This is the third straight session that Stellar has traded higher and comes despite a recent downward crossover of moving averages (MA). the 10-day (red) MA moved below its 25-day (blue) counterpart, which is typically a bearish signal. Even though momentum has shown signs of weakness, XLM bulls will likely continue to target exits at a ceiling of 0.1600. 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/XLMUSDT/TaHpEXYu-XLM-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 5% to start the week, despite the wider market mostly trading lower. BCH/USD jumped to a peak of 242.29 earlier in today’s session, following an earlier low of 219.27. The move came after BCH briefly broke out of a support point at 220.00, with traders swooping in to buy the dip. Another catalyst to the surge appears to be the 14-day relative strength index (RSI) moving past a ceiling of 48.00. Currently, price strength is tracking at 49.48, which is marginally below the next point of resistance at 50.00. In the event this level is breached, there is a strong possibility that BCH could move towards 260.00. 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/BCHUSDT/1iQbtIC6-BCH-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was also largely unchanged on Monday, with price trading near a support level of 1,820. ETH/USD peaked at 1,842.52 earlier in today’s session, following a move to a bottom at 1,824.12 on Sunday. The price has since tailed off, with ethereum now trading around the 1,833.08 mark, ETH’s lack of movement comes as the RSI has been unable to break out of a ceiling at the 43.00 zone. Price strength is now at 42.11, with the next visible floor at 41.00, in the event bears capture market momentum. Should this occur, a move below 1,800 could be the target. 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/ETHUSDT/Z6zPblyh-ETH-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) continued to hover near the 29,000 level to start the week, as market volatility was mostly muted on Monday. After Sunday’s low at 28,963.83, BTC/USD jumped to a high of 29,166.82 earlier in today’s session. The world’s largest cryptocurrency has mostly been trading between a support level of 28,800 and a resistance of $29,500 for the majority of the last week. the relative strength index (RSI) is also tracking near a floor of its own around the 42.00 mark. In addition to this, the 10-day (red) moving average has begun to flatline following a downtrend, which is a sign of price stagnation. Consolidation could likely continue until Wednesday’s inflation report in the United States. 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

Paypal's New Stablecoin Sparks Confusion: Wave of Counterfeit Tokens Flood Decentralized Exchanges Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official release of PYUSD’s token address by Paypal or Paxos has paved the way for the creation of these fraudulent tokens, crafted to ensnare unwary traders.

BCH 5% Higher on Monday, XLM Avoids Drop Below Support Bitcoin Cash was one of Monday’s biggest movers, rising by as much as 5%, despite markets mostly consolidating to start the week. The global crypto market cap has been largely unchanged, with volatility mostly muted. Stellar also rose higher, avoiding a drop below a key support point.

Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes.

Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days.

BTC Flatlines on Monday, as Market Volatility Continues to Fade Bitcoin started the week mostly flat, as market volatility remained near recent lows during today’s session. Traders appear to be on the sidelines ahead of Wednesday’s key inflation report from the United States. Ethereum mostly consolidated on Monday.

FBI Issues Warning on Scam Involving Criminals Impersonating NFT Developers The Federal Bureau of Investigation (FBI) has issued a Public Service Announcement (PSA) warning about criminals impersonating non-fungible token (NFT) developers in social media. According to the PSA, criminals can impersonate these developers on social media by hijacking accounts or using similar account names and directing interested users to fake NFT sales pages to drain their wallets.

While Worldcoin Sees a 148% Surge in Unique Addresses, the Top 20 Wallets Command 94% of WLD Supply Worldcoin’s native cryptocurrency, worldcoin (WLD), has oscillated in value between $2.69 and $2.13 per token throughout the preceding 12 days, peaking at $3.30 per coin on July 24, 2023. The number of individual addresses possessing WLD under Worldcoin’s umbrella has surged by more than 148%, escalating from 164,195 wallets to a figure of 408,721 unique addresses.

Heartland Tri-State Bank Collapses, Biden Urged to Grant Silk Road's Ross Ulbricht Clemency, and More — Week in Review In this week’s news, another major U.S. bank has failed, a Maine senator has appealed to United States president Joe Biden to grant Silk Road creator Ross Ulbricht clemency, a senior U.S. district judge has rejected the approach taken in the SEC v. Ripple ruling regarding XRP, and Robert Kennedy Jr. and Ron Paul agree: America doesn’t have a free market. This is the Bitcoin.com News Week in Review.

Personal Finance Expert Says US Rating Downgrade Likely to Embolden BRICS Currency Supporters The American rating agency Fitch’s recent downgrade of the United States’ credit rating from AAA to AA+ may embolden proponents of a BRICS currency, Riley Adams, a personal finance expert, has said. Adams however argues that there are certain “geopolitical issues” that must be overcome first before the BRICS currency becomes a reality.