Latest Crypto Market Updates and Financial Industry Developments

by | Jul 28, 2023 | Digest | 0 comments

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Crypto market updates; Worldcoin’s Debut on Binance: Discover First Price Action and Learn How to Buy WLD

The crypto market updates; Worldcoin is built on World ID, an identity network system protecting privacy with zero-knowledge proof. It aims to create the world’s largest identity and financial network. WLD is an ERC-20 token on Ethereum, and users receive grants through the Optimism Mainnet. It raised $250 million from investors like a16z, Khosla Ventures, Bain Capital Crypto, Blockchain Capital, and Tiger Global.

How to Buy Worldcoin (WLD)

To buy WLD, investors can go to the Binance spot transactions menu and search for “WLD.” They can then choose to purchase it using either the WLD/BTC or WLD/USDT trading pairs.

Market updates; Sudden Dump in Bitcoin! Why Did BTC Drop?

The sudden drop in bitcoin led to a significant rise in liquidations. In just one minute, about $30 million worth of Bitcoin positions and $85 million worth of altcoin positions were liquidated. The cause of the decline remains uncertain, and it’s unclear whether it’s due to the liquidation of positions or if someone had prior knowledge of important news.

Market updates; XRP becomes the most-traded altcoin in 2023=

XRP has seen a significant rally after winning a legal battle against the SEC. It is now the most actively traded altcoin in 2023 with over $150 billion in trading volume, according to Kaiko data.

https://finbold.com/xrp-becomes-the-most-traded-altcoin-in-2023

Market updates; New Announcement on Eight Altcoins from Coinbase.

A new announcement regarding some altcoins has come from Coinbase, the largest cryptocurrency exchange in the USA. These altcoins were listed as follows: “HNT, BLUR, ARB, EGLD, OO, AUDIO, LDO and ATA.

Dogecoin spikes 9% after logo appears to find way back to Musk’s Twitter

Dogecoin saw a resurgence as Elon Musk’s rebranded Twitter account featured the coin’s logo, leading to an 8.9% price increase to $0.08, the highest since April. The trading volume surged to over $1.7 billion. The rally was triggered by the symbol “Д appearing behind the new “X” logo for Musk’s company on his profile.

Ripple Has Partnered With The Island Nation!

After winning a significant victory in the SEC-XRP lawsuit, Ripple is forming new partnerships. They recently signed an agreement with Palau, a Pacific island country, to pilot a US dollar-backed stablecoin on the XRP Ledger.

FED’s long-awaited interest rate decision released! Check out Bitcoin’s response.

The US Federal Reserve has announced a 25 basis point interest rate increase, a decision closely watched by Bitcoin and cryptocurrency market followers, as it was widely anticipated.

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