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Russia Says BRICS Currency Unlikely in Near Future but De-Dollarization Grows Globally Russia says that a common BRICS currency is unlikely to be feasible in the near future but the process of de-dollarization of the global economy is inexorably underway. Russian Press Secretary Dmitry Peskov added that many countries, including those that do not face sanctions, are gravitating towards using national currencies in trade settlements.

Social Media Bots Played Crucial Role in Inflating Value of FTX-Listed Crypto Assets, Report Finds New analysis from the Network Contagion Research Institute (NCRI) reveals that bots on the social media platform X (formerly Twitter) likely played a major role in amplifying the value of cryptocurrencies tied to the now-defunct FTX exchange and its sister firm Alameda Research.

GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and First Digital’s stablecoin FDUSD. These dollar-tied tokens have rapidly gained momentum, witnessing substantial growth in market capitalization soon after their debut.

hello, welcome to this XRP/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- XRP, formerly Ripple, remained in the red during today’s session, as the price fell to a multi-week low. Following a high of 0.6971 the day prior, XRP/USD slipped to an intraday low of 0.6589 earlier in the day. This is the weakest point that XRP has hit since July 13, when the token was trading below 0.4700. That day also saw XRP hit its highest point since December 2021, after it was ruled by a U.S. judge not necessarily to be a security. sentiment has been largely bearish, with the latest sell-off coming as the relative strength index (RSI) broke out of a floor at 49.00. the index is tracking at 48.60, with the next visible point of support at 45.00. 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/XRPUSDT/fb9BW57C-XRP-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

Hello, welcome to this DOGE/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Dogecoin (DOGE) extended its own stay in bearish territory on Thursday, as the meme coin fell by as much as 5% today. The decline saw DOGE/USD drop to an intraday low at 0.07305, less than 24 hours after peaking at 0.07703. As a result of this sell-off, dogecoin has fallen to its lowest level since July 24, which is the last time price was trading at support of 0.07000. Similar to XRP above, Thursday’s decline comes as a result of price strength falling below a floor at 51.00. The RSI is currently at a reading of 50.23, with DOGE trading at 0.07339, which is marginally above today’s bottom. 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/DOGEUSDT/Awo9Hy0S-DOGE-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) also moved lower earlier in the day, dropping below a support point of 1,850 in the process. ETH/USD bottomed out at 1,822.35 during today’s session, following Wednesday’s high at 1,860.19. As a result of today’s decline, ethereum moved back towards a four-week low at 1,812. The slippage took place after the RSI fell below a floor at the 45.00 level, and it is now at a reading of 41.93. Should momentum continue to drop, the next price target will likely be the 1,795 level. 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/relavVhK-ETH-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) dropped below the 29,000 zone in today’s session, as bulls appeared to have abandoned their positions following Wednesday’s gains. After peaking at 29,988.00 yesterday, BTC/USD slipped to an intraday low of 28,946.51 earlier in the day. This comes as the bullish sentiment surrounding Microstrategy’s latest BTC investment seems to have already faded. In addition to this, the relative strength index (RSI) failed to move past a key ceiling at 50.00, and has bounded off a floor at 42.00. the index is tracking at 42.79, with BTC climbing back above the 29,000 mark as a result. Price may now consolidate, as traders’ attention turns to Friday’s nonfarm payrolls report. 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/7tL72v5J-BTC-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) rebounded from Tuesday’s losses, climbing above the 1,850 level on hump day. ETH/USD rallied to a high of 1,877.51 earlier in today’s session, following up from a low of 1,817.92 the previous day. The move saw ethereum bounce back from yesterday’s one-month low and comes as the RSI found a stable floor at 45.00. the index is now tracking at 45.67, with the next visible resistance level at 50.00 A jump to this point will likely increase ethereum trading above $1,900. 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/ru5c6QeD-ETH-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) moved closer to 30,000 on Wednesday, following news that Microstrategy added 12,333 BTC to its books in Q2. After trading at a low of 28,657.02 on Tuesday, BTC/USD jumped to a high of 29,988.00 earlier in today’s session. This is the highest point that the cryptocurrency has hit since July 24, which is the last time price traded above 30,000. After its filings, Microstrategy CFO Andrew Kang said: “Our bitcoin holdings increased to 152,800 bitcoins as of July 31, 2023, with the addition in the second quarter of 12,333 bitcoins being the largest increase in a single quarter since Q2 2021.” BTC’s 10-day (red) moving average has now started to gradually shift direction, after an extended downtrend. In addition to this, the relative strength index (RSI) has found a firm support point at the 46.00 level, with price strength now tracking at 47.11. Hit the like button if you like it and share your charts in the comments section

hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin (BTC) was in the green to start the week, with the price trading at its highest point since last Friday. Traders are optimistic heading into August, which has historically been a bullish month for the cryptocurrency. BTC/USD hit an intraday high of 29,489.87, which comes following a low at 29,059.50 during Sunday’s session. Bitcoin bulls rejected a breakout below the 29,000 mark, just as the relative strength index (RSI) closed in on a collision with a resistance level at 46.00. This ceiling appears to be a major obstacle preventing price from moving towards its obvious target at the 30,000 mark. At the time of writing, the RSI is tracking at 45.97 with bitcoin at 29,362.66. 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 youhttps://www.tradingview.com/chart/BTCUSDT/YXaybg7p-BTC-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using cryptocurrencies.

SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings.

SEC Asked Coinbase to Delist All Crypto Assets Except Bitcoin Prior to Filing Lawsuit According to Brian Armstrong, the CEO of crypto exchange Coinbase, the U.S. securities regulator reportedly told his company to delist all digital assets save for bitcoin. Armstrong said acceding to the SEC’s demand would have “meant the end of the crypto industry in the U.S.”

SHIB Stays Close to Recent 2-Month High on Monday Shiba inu remained close to a two-month high to start the week, as sentiment in the meme coin remained mostly bullish on Monday. This comes despite the global cryptocurrency market cap mostly consolidating in today’s session. Bitcoin cash was another notable exception, as the price rose by over 4%.

BTC Slightly Higher Ahead of This Week’s US Economic Data Bitcoin started the week trading higher, as markets prepared for a big week of economic data in the United States. The headline announcement will be Friday’s nonfarm payrolls, in addition to services and manufacturing activity data. Ethereum continued to trade above a key support point on Monday.

'Community-Based IP' — Yuga Labs CEO Describes Web3 Evolution of Licensing to Japanese Government Official In a recent “fireside chat” with the deputy director of the Web3.0 Policy Office of Japan’s Ministry of Economy, Trade, and Industry, Yuga Labs CEO Daniel Alegre noted: “We’re not even in the first inning” of where Web3 “evolution” is going to go. During the interview with the politician, Alegre described new models of IP (intellectual property) that transcend national borders and break down barriers traditional IP models impose.

Bitcoin, Ethereum Technical Analysis: ETH Pushes Towards $1,900 to Start the Weekend Ethereum moved closer to the $1,900 level on Saturday, as cryptocurrency markets made marginal gains. At the time of analysis, the global market capitalization has risen modestly by 0.32%, mirroring the effects of Friday’s U.S. consumer sentiment report, which fell short of expectations. Contrary to the projected sentiment of 72.6, the actual figure hovered at 71.6. Concurrently, bitcoin witnessed an uptick in its price.

DOGE Rebounds, as SHIB Surges 5% Higher on Saturday Dogecoin snapped a three-day losing streak on Saturday, as the meme coin found a point of support. The move came as X, formerly Twitter, continued its re-brand by showcasing its new logo over the San Francisco skyline. Shiba inu surged by over 5% today.

Hello, welcome to this TRX/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Tron (TRX) extended a recent bull run for a fourth day, with today’s move taking the token to its highest point since last Sunday Following a low of 0.08221 on Thursday, TRX/USD climbed to an intraday high of 0.08417 earlier in today’s session. Tron bulls appear to be targeting a resistance level at 0.0860, which was last hit during last Saturday’s peak of 0.0943. Since hitting that 20-month high TRX has mostly consolidated, however bullish momentum seems to be gradually returning. This comes after the relative strength index (RSI) moved beyond a ceiling of its own at 63.00, and is now tracking at 64.84. If the current sentiment remains, TRX could reach 0.0860 in the coming days. 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/TRXUSDT/csp5BqJG-TRX-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/