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Spot Bitcoin ETF Applications Face More Delays The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications.

Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued The Nigerian currency continued its slide versus the greenback when it fell to a new all-time low of NGN950 per dollar. Folashodun Shonubi, the acting governor of the Central Bank of Nigeria, insists that the naira is currently undervalued. The International Monetary Fund (IMF) has said Nigeria’s “loose” fiscal and monetary policies are to blame for the naira’s woes.

hello, welcome to this XRP/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- XRP, which fell by as much as 5% during today’s session. After peaking at 0.6623 during yesterday’s session, XRP/USD plunged to a bottom at the 0.6253 level. XRP, formerly Ripple, has been on the decline since its peak of 0.9479 on July 13, which was a 20-month high. The latest drop coincided with the RSI failing to break out of a key resistance zone at the 46.00 region. In the event momentum remains bearish throughout the week, XRP could be moving towards 0.5000. 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/XRPUSDT/pqjlqIHT-XRP-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this LINK/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Chainlink (LINK) was back in the red during today’s session, as bulls retreated following a recent three-day win streak. After moving to a peak of 7.86 on Wednesday, LINK/USD slipped to a floor of 7.57 earlier in the day. Thursday’s decline sees Chainlink slip away from a move toward a long-term ceiling at the 8.00 level. One reason for the drop-off appears to be due to a collision with a ceiling of 58.00 on the relative strength index (RSI). Currently, price strength is at a reading of 57.27, with the next visible floor at the 52.00 mark. Should bears hit this target, LINK will likely be trading at 7.00. 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/LINKUSDT/4V9XWKcx-LINK-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

Digital Currency Group Strikes Back: Motion to Dismiss Gemini's Lawsuit Filed Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent misrepresentations related to the Gemini Earn program are without merit and inadequately substantiated. DCG’s legal team asserts that the lawsuit lacks actionable evidence and calls for the court to dismiss the complaint.

SEC Could Approve Spot Bitcoin ETF Within 6 Months, Says Mike Novogratz Galaxy Digital CEO Mike Novogratz is optimistic that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. The executive cited his contacts at Blackrock, the world’s largest asset manager, and investment management firm Invesco. Both companies have filed to launch a bitcoin ETF with the SEC.

SEC Isn't Appealing Whether XRP Is a Security, Lawyer Clarifies The U.S. Securities and Exchange Commission (SEC) is not appealing District Judge Analisa Torres’ ruling that XRP is not a security, a lawyer has explained. The securities regulator is appealing “programmatic and individual sales issues,” he clarified, adding that “If the SEC wins the appeal on sales, then Ripple couldn’t use exchanges to facilitate sales.”

TSMC Advances Towards 2-Nanometer Chips in Taiwan; A Breakthrough That Could Revolutionize Bitcoin Mining Taiwan Semiconductor Manufacturing Co. (TSMC) is taking bold strides toward the future of semiconductor technology, planning to manufacture next-generation 2-nanometer (nm) chips at a new plant in Kaohsiung, Taiwan. Reports detail that the date for mass production remains undecided, with the company also targeting Hsinchu County in northern Taiwan for 2nm production by 2025.

hello, welcome to this SOL/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Solana (SOL) remained in the green for a third consecutive session, as it continued its push towards 25.00. SOL/USD jumped to a high of 24.91 on Wednesday, a day after falling to a bottom at the 23.21 level. this saw the cryptocurrency climb to a ten-day high, and close in on a collision with the 25.00 ceiling. This comes as the price strength nears its own resistance point at 60.00. It is currently reading at 58.27. In the event it hits the 60.00 zone, there is a strong possibility solana will be trading above 25.00. 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/SOLUSDT/9F2TudQu-SOL-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this SHIB/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Shiba Inu (SHIB) was one of Wednesday’s notable movers, as the meme coin rose by over 10% during the day. Following a low of 0.000009027 on Tuesday, SHIB/USD rallied to an intraday peak at 0.00001002 earlier in today’s session. This is the second straight price rise for SHIB, and it has pushed the coin to its highest level since Sunday. As a result of the surge in momentum, the 14–day relative strength index (RSI) has now collided with a ceiling of 66.00. the index is tracking at 65.67, with Shiba Inu also falling from its previous high. SHIB/USD is now trading at 0.000009749. 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/SHIBUSDT/IzM4nvJi-SHIB-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) was also in the red during today’s session, as the price fell lower for a second consecutive day. Following a high of 1,869.74 on Wednesday, ETH/USD slipped to a bottom of 1,845.49 earlier in the day. Price slightly rebounded following the latest U.S. consumer price index, which marginally rose in July. The recent volatility in ethereum comes as the RSI was unable to break out of a ceiling at the 51.00 mark. Ethereum’s price strength is sitting at 49.12, with a price of 1,856.44. 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/wwsCMb1S-ETH-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

Bitcoin Mining Council Reveals Sustainable Growth: New Survey Sheds Light on Industry's Power and Efficiency In a recent report, the Bitcoin Mining Council (BMC) unveiled the results of its first half of 2023 survey, highlighting the industry’s strides in electricity consumption, technological efficiency, and sustainable power. Furthermore, the survey details that the BMC accounts for 43.4% of the global mining network.

US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This monthly surge aligns with June’s 0.2% escalation, where food costs and automobile insurance similarly contributed to the inflationary computation.

LINK Retreats From 2-Week High, as XRP Drops 5% Chainlink declined from a recent two-week high on Thursday, as market uncertainty rose around the latest U.S. inflation report. As consumer prices rose to a reading of 3.2% in July, traders so far seem unsure on how to process this data. XRP fell by nearly 5% today.

Are Reports Linking the 11th Largest BTC Wallet to Tether a Myth? Cryptoquant Analysis Reveals Discrepancies In the wake of recent claims that Tether, the company behind leading stablecoin USDT, holds the 11th largest bitcoin (BTC) wallet, Cryptoquant, a blockchain intelligence firm, has expressed skepticism. Citing inconsistencies in onchain data, Cryptoquant has questioned the authenticity of the identified wallet’s connection to Tether. This challenge adds a new twist to the ongoing discussions about Tether’s reported bitcoin holdings

hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) gave up recent gains on Thursday, as markets reacted to the latest U.S. inflation report. BTC/USD dropped to an intraday low of 29,376.80 earlier in today’s session, following a peak at 30,093.44 the day prior. The decline sees Bitcoin retreat from its highest level since July 20, when the price peaked at a level of 30,421. One of the reasons for the drop appears to be the 14-day relative strength index (RSI) falling below a recent ceiling of 51.00 the index is now tracking at a reading of 50.51, with a floor of 41.00 the next visible target. In the event that price strength reaches this level, there is a good chance that BTC will fall below the 29,000 mark. 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/BTCUSDT/US6D4HkT-BTC-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

BTC, ETH Slip on Thursday, as Inflation in US Rose Bitcoin retreated from a recent high on Thursday, in light of a much anticipated inflation report from the United States. The consumer price index rose to an annual rate of 3.2% last month, with core inflation falling to 4.7%. Ethereum also slipped into the red.

Singapore Red Cross Says It Now Accepts Crypto Donations Well-wishers who want to financially support the Singapore Red Cross can now do so via crypto donations. All donations are converted into fiat currency within 24 hours after the donation has been made. Benjamin William said his organization has enabled the crypto option for “donors who are tech-savvy and wish to make a difference through their digital assets.”

Argentina Opens Probe Into Worldcoin Personal Data Treatment Procedures The government of Argentina informed it had opened an investigation into the data collection activities that Worldcoin is executing in the country. The Public Information Access Agency (AAIP), the data comptroller in the country, sent a letter to the Worldcoin Foundation requesting information about how the personal data of Wordcoin users is treated.

Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for or obtain a license.