TL;DR
Toncoin (TON) saw a sharp drop from its June high, currently trading 40% lower amid negative news, leaving nearly 80% of its investors at a loss.
On-chain metrics suggest that the asset’s price may tumble even more in the near future.

TON Investors Take a Blow
Toncoin (TON) experienced a real bull run at the start of 2024, with its price rising to a new all-time high of almost $8.20 in mid-June. However, the asset lost momentum towards the end of August and currently trades at around $4.80, or 40% less than the peak observed at the beginning of the summer. 
TON Price, Source: CoinGeckoThe price started declining after the arrest of Pavel Durov. Recall that the founder and CEO of Telegram was detained in France over accusations that the messaging app was used for

TL;DR
Ripple’s XRP has dropped 10% in two weeks, with declining transaction activity and a broader market downturn suggesting that its correction may continue.
The ongoing Ripple v. SEC lawsuit could introduce more volatility for XRP, with recent legal developments sparking speculation of a potential appeal by the regulator.

XRP to Bleed Even More?
The past two weeks have been unpleasant for Ripple’s XRP, whose price tumbled by 10% and is currently trading at around $0.53 (per CoinGecko’s data).
XRP Price, Source: CoinGeckoWhile XRP bulls eagerly await a renewed price revival, some crucial factors hint that the correction might be far from over. The first element is the broader decline of the entire cryptocurrency market, where Bitcoin (BTC) slipped below $56,000. It will

TL;DR
Binance will temporarily halt BNB Smart Chain deposits and withdrawals due to maintenance, but trading will not be affected.
BNB’s price is down amid a market slump, with a potential rally expected following the release of former CEO Changpeng Zhao from prison.

The Upcoming Effort
The world’s largest crypto exchange will conduct wallet maintenance for BNB Smart Chain (BEP20) on September 5. To support the process, it will temporarily halt deposits and withdrawals on the network. The maintenance is scheduled to take approximately two hours, and services will be resumed after completion.
“The trading of token(s) on the aforementioned network will not be impacted. Binance will handle all technical requirements involved for all users,” the company assured.
BNB Smart

TL;DR
Ethereum (ETH) dropped under $2,400 but may see a rebound, with predictions ranging from a short-term rise to $3,000 to a new high of $6,000 sometime in 2025.
Metrics like exchange netflow and RSI point to reduced selling pressure and potential buying opportunities for the asset.

What Could be Next?
Despite not reaching a new all-time high, Ethereum (ETH) witnessed a positive start to 2024, with its price surpassing $4,000 in mid-March. However, it experienced enhanced volatility in the following months, eventually settling at the current $2,400 (per CoinGecko’s data), which represents a 5% decline on a weekly scale. 
ETH Price, Source: CoinGeckoThe asset has been the subject of numerous price predictions recently, with some industry participants forecasting an

TL;DR
A blockchain-based game within the Shiba Inu ecosystem, is now available on iOS, allowing players to use their Shiboshi NFTs in missions and battles.
Recently, the SHIB team upgraded another game within the ecosystem called Shiba Eternity.

iPhone Users Get Ready
According to an announcement by PlayWithShib, Agent Shiboshi (a game developed as part of the Shiba Inu ecosystem) is now available on iOS. The development follows “an amazing response” from Android users.

Agent Shiboshi is a blockchain-based game that allows players to use their Shiboshi NFTs, where each digital collectible represents a specific character or “agent.” The game incorporates missions and battles and has the elements of strategy and adventure.
For their part, Shiboshi NFTs are a collection of

TL;DR
Kraken added Shiba Inu as collateral for futures trading, enhancing its support for the popular meme coin.
Robinhood and Coinbase have also enabled new trading services for SHIB earlier this year.

SHIB’s Adoption on the Rise
The US-based cryptocurrency exchange Kraken officially listed Shiba Inu (SHIB) on its platform in November 2021. Since then, it has increased its support for the self-proclaimed Dogecoin-killer, enabling various trading services with it.
Earlier this month, the company added SHIB/EUR to the list of offered margin pairs. The option allows users to employ loaned funds in leveraged trades. It could lead to higher returns but is linked to a bigger risk of liquidation.
Kraken did not stop there, adding Shiba Inu as a new collateral asset for futures

TL;DR
Floki Inu (FLOKI) saw a sharp decline of nearly 20%, losing its place among the top 5 meme coins.
Despite the drop, some analysts remain optimistic, predicting a possible rally if the token’s price surpasses an important resistance level.

FLOKI Bleeds Heavily
The price of the popular meme coin Floki Inu (FLOKI) is down almost 20% on a daily scale, currently trading at around $0.0001272.
FLOKI Price, Source: CoinGeckoFLOKI’s market capitalization plunged to $1.23 billion, making it the sixth-biggest meme coin. Bonk Inu (BONK), whose market cap is $1.25 billion, surpassed its rival to claim the fifth spot. 
Data analytics platform Spot On Chain revealed that Floki Inu’s retreat happened mere hours after a wallet linked to the meme coin deposited over 15 billion tokens

TL;DR
Ripple was ordered to pay a $125 million fine, significantly lower than the US SEC’s initial demand, with both parties able to contend until early October.
Lawyer Bill Morgan now sees a reduced chance (45%-55%) of an appeal form the Commision, based on recent case developments and favorable views on Judge Torres’ ruling.

The Appeal Seems Less Likely?
The latest major development surrounding the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) occurred at the beginning of August when Judge Torres ruled that the company must pay a $125 million fine for violating certain securities laws. 
Numerous industry participants interpreted the decision as a major win for the firm, considering that the regulator initially insisted on a $2 billion

TL;DR
TRON was among the most talked-about crypto topics in the last week due to various potential reasons.
AI-related cryptocurrencies and the GameFi sector also gained attention, with several tokens experiencing significant price increases over the same period.

Those Making the Biggest Waves
According to crypto analytics platform Santiment, the top 3 crypto social narratives that have created the most impression in the last seven days include bitcoin’s price, TRON, and Dogecoin.
The valuation of the leading digital asset passed through numerous ups and downs throughout that period. While BTC was worth less than $60,000 a week ago, it registered a substantial rally between August 23 and August 26.
Its uptick happened shortly after the Chairman of the US Federal Reserve,

TL;DR
A trader made a significant profit by buying and selling a new Telegram-related meme coin called DOGS.
Earlier this month, though, another trader lost nearly $900,000 on a Trump-themed meme coin, highlighting the high-risk nature of the sector.

The Substantial Profit
The ever-evolving meme coin sector has been one of the highlights of the crypto industry in the past several months, spewing new tokens quite frequently.
One of the latest is Dogs (DOGS), an asset associated with the Telegram community, which saw the light of day approximately a week ago. Initially, the meme coin was available for trading on certain decentralized exchanges, while leading platforms like Binance, ByBit, and OKX added it shortly after. 
The enhanced volatility of meme coins (especially

TL;DR
Shibarium has processed over 418 million transactions and implemented key upgrades, including some hard forks to enhance network performance.
The network introduced a burn portal to reduce SHIB supply, with BONE tokens playing an essential role in the process.

Happy Birthday, Shibarium
Shibarium is a layer-2 blockchain solution built on the Ethereum network, specifically designed to foster the development of the Shiba Inu ecosystem. Its main purposes include lowering transaction costs, improving speed, and enhancing scalability.
The protocol officially saw the light of day exactly a year ago, blasting through numerous major milestones since then. It has processed more than 418 million total transactions, crossing the 400 million mark in March 2024. It is worth

TL;DR
TRX surged to over $0.16 earlier this week, becoming the 11th largest cryptocurrency, likely boosted by activity from the SunPump protocol.
The token’s price is gradually approaching its all-time high, with further growth dependent on market conditions and potential partnerships.

TRX’s Impressive Rally
TRX – the native token of Tron – has been among the top-performing cryptocurrencies lately. Earlier this week, its price exceeded $0.16 for the first time since April 2021, while the market capitalization neared $14 billion. The substantial uptick positioned TRX as the 11th biggest cryptocurrency, flipping Cardano (ADA), which trails behind on the 12th spot. 
The token’s resurgence coincides with some important developments within the Tron ecosystem. In mid-August,

TL;DR
Pi Network is advancing towards the deployment of the mainnet, with millions of users migrating, but the exact launch date is still unclear.
Users must complete KYC by September 30, 2024, with further details expected in an upcoming talk show.

What’s New?
Pi Network is a crypto project that aims to enable users to mine and earn digital assets on their mobile devices. It was introduced in 2019 and aims to be energy-efficient by using a consensus algorithm called Stellar Consensus Protocol (SCP). The Stellar Development Foundation developed it, and it is an alternative to Proof-of-Work (PoW), which is associated with high electricity consumption.
However, Pi Network remains one of the most controversial projects in the crypto space since there is no clear indication

TL;DR
Cardano’s ADA has risen by 33% since the August 5 crash, with potential for further growth depending on broader market trends and other factors.
An upcoming Cardano hard fork focused on decentralization and community-driven governance could also boost ADA’s price.

Is There a Chance?
Cardano’s ADA has experienced a substantial resurgence lately, with its price rising by around 10% on a two-week scale. Currently, it trades at around $0.36 (per CoinGecko’s data), representing a 33% rise from the local bottom registered during the crypto market crash on August 5.
We decided to ask ChatGPT whether ADA’s uptrend can continue in the near future and whether its price can hit the psychological level of $0.50 before the end of the month.
The AI-powered chatbot estimated that

TL;DR
Binance announced the addition of two new trading pairs available later this month.
The company also revealed the delisting of several trading pairs, such as BLZ/FDUSD and BICO/BTC, with no significant impact on the prices of the involved cryptocurrencies.

The Latest Listings
Binance continues to update its services to respond to recent market trends and improve overall user experience. It said it will add two new trading pairs on Binance Spot: BONK/BRL and NOT/EUR. In adition, the company will allow trading bots services for the aforementioned. The trading pairs will become available to users on August 16.
Over the past several months, Binance has shown support toward the popular meme coin Bonk Inu (BONK) numerous times. It officially listed the token in

TL;DR
Shiba Inu investors are being targeted by scammers on Telegram offering fake airdrops and impersonating legitimate entities.
Community members are cautioned to avoid scams related to the TREAT token, as it hasn’t seen the light of day yet.

Scam Alert
Shiba Inu is among the most popular meme coins, boasting one of the biggest communities across all cryptocurrencies. As such, it is no wonder that SHIB investors often become targets of hackers who attempt to con them using various techniques.
Shibarmy Scam Alerts – the X account focused on treats surrounding the ecosystem – recently warned about fake groups on Telegram offering malicious airdrops. The team instructed the Shibarmy (a term referring to all investors, supporters, and enthusiasts of the meme coin) to

TL;DR
XRP surpassed another milestone in terms of total tokens held in accounts.
After a legal victory, XRP’s price briefly surged before stabilizing, with analysts predicting potential future gains.

XRP’s Achievement
Ripple’s XRP continues to make the headlines, recently reaching an important adoption milestone. According to XRPL Services, the total amount of XRP tokens held in accounts exceeded 60 billion (equaling over $34 billion calculated at current rates).
Data shows there are almost 5.3 million XRP accounts, while only 2,450 currently have a zero balance. Recall that the 5 million mark was surpassed at the start of 2024.
The over 60 billion tokens held in accounts include all coins currently stored in wallets, whether in circulation or not. The figure is also

TL;DR
Binance will delist six altcoins, leading to significant price drops for these assets.
Such efforts have historically triggered sharp price crashes due to various reasons such as reduced liquidity and market panic.

The Latest Update
The world’s largest cryptocurrency exchange periodically reviews each digital asset listed on its platform to ensure that it “continues to meet a high level of standard and industry requirements.” 
“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” it explained.
The company takes various factors into

TL;DR
Tron (TRX) leads with 87% of investors currently in profit.
Cardano (ADA) is on the opposite side, with most of its holders underwater.

Bitcoin (BTC) is Among the Leaders
The enhanced volatility of the cryptocurrency market has significantly affected investors in different digital assets. At the start of the week, prices were plummeting, resulting in substantial paper losses for HODLers, while the subsequent comeback partially fixed the situation for those who endured the turbulence without selling their stash.
In the following lines, we will check the percentage of profitable investors in some of the leading digital currencies (more specifically, those with a market cap of over $10 billion).
The ones invested in Tron (TRX) are leading the pack. According to

TL;DR
Santiment ranked Internet Computer (ICP) as the top digital asset for development activity, followed by Hedera (HBAR) and Cardano (ADA).
The top 10 list also features Ethereum (ETH), Chainlink (LINK), Polkadot (DOT), and Cosmos (ATOM), with Ethereum gaining attention due to new spot ETH ETFs in the United States.

The Top 10 List
The cryptocurrency market intelligence platform recently revealed the top 10 digital assets in terms of notable development activity for the last 30 days.
The leading one is Internet Computer (ICP), collecting an overall score of 570.1. The token is the second-largest in the Artificial Intelligence (AI) realm, with a market capitalization of almost $3.5 billion. Its price experienced a bull run in March this year, jumping to nearly $20

TL;DR
Ripple is partnering with the Dubai International Financial Center (DIFC) to enhance blockchain and crypto innovation in the UAE, focusing on early-stage companies and scale-ups.
This collaboration is seen as a significant milestone for the DIFC, enhancing its role as a global hub for talent and tech.

Ripple and Dubai
Ripple plans to strengthen its global presence by partnering with the Dubai International Financial Center (DIFC). The DIFC is a special economic zone in the city established as a financial hub for businesses operating throughout the Middle East, Africa, and South Asia. It is regulated by the Dubai Financial Services Authority and offers clients a 50-year guarantee of zero taxes on corporate income and profits.
The upcoming collaboration aims to

TL;DR
An investor spent $916,000 on a Trump-related meme coin (RTR) driven by FOMO, only to lose almost everything when the coin’s value crashed shortly after.
While some traders incur losses due to FOMO, others who enter the market at the right time can make substantial gains. However, the meme coin market remains highly dangerous and investors should be extra cautious when diving in.

The FOMO Effect
Meme coins have been among the highlights in the crypto space in the past several months, with many witnessing explosive price increases in a short period of time. However, their volatile nature makes them quite unpredictable, meaning traders can be caught off guard and lose significant sums. 
Such was the case with one investor who recently spent 5,800 SOL (approximately

TL;DR
The layer-2 solution, Shibarium, is launching a hard fork on August 9, launching a burn mechanism.
Shibarium continues to advance with upgrades aimed at improving transaction speed, scalability, and lowering costs, fostering the development of the Shiba Inu ecosystem.

The Upcoming Development
Shibarium – Shiba Inu’s layer-2 scaling solution – continues to make the headlines due to its rapid progress in terms of processed transactions or overall advancements.
Most recently, the team revealed the launch of a hard fork with the new Bor version. The upgrade is scheduled for today (August 9), following which a burning mechanism will be introduced to enhance the ecosystem.
The Bor layer is a key component of Shibarium, which plays a crucial role in validating and

TL;DR
Cardano (ADA) reached a nine-month low price, leaving many investors in losses (as of the moment).
Input Output introduced a partner chains toolkit to enhance security, though ADA’s price remained unaffected. The RSI indicates it might be oversold, hinting at a potential rebound.

Almost Every ADA Investor Goes Underwater
The cryptocurrency market has significantly declined in the past few days, with things escalating in the past 24 hours. The sector witnessed a severe crash where Bitcoin (BTC) briefly collapsed below $50,000 (for the first time in six months), while Ethereum (ETH) slipped to as low as $2,170 (per CoinGecko’s data).
Other large-cap altcoins are also deep in the red. Cardano (ADA), for instance, has tumbled by 17% daily, plummeting at one point to a

TL;DR
Adopting BTC as a legal tender in the US would enhance its legitimacy and attract substantial investment, potentially boosting the price.
This move could lead to market volatility with sharp movements due to speculative buying and unpredictable investor reactions.

What if the US Embrace BTC?
The United States will soon have a new President, with the elections scheduled for November this year. Those going to the ballot boxes will have to pick from the Democratic nominee – Kamala Harris, the Republican – Donald Trump, the Independent – Robert Kennedy, and others.
The battle promises to be quite contested, with the candidates centering their campaigns on popular topics such as financial stability, emigration, abortion rights, and others. Interestingly, Trump and

TL;DR
Input Output launched the alpha v1 release of the partner chains toolkit for Cardano to enhance network security by leveraging stake pool operators (SPOs).
Despite the disclosure, Cardano’s native token ADA remained around $0.38, with no significant price change.

The Alpha V1 Release
Input Output – a technology company responsible for the research and development of the Cardano blockchain – launched the alpha v1 release of the partner chains toolkit. The move aims to strengthen the network’s security by enabling developers to leverage Cardano’s extensive network of stake pool operators (SPOs). 
“By leveraging SPOs, both new and existing networks can quickly increase their number of validators for a more robust and efficient security paradigm,” the announcement

TL;DR
OpenEden is launching tokenized US Treasury Bills on the XRP Ledger. Users will be able to mint such products via stablecoins such as Ripple USD (when it sees the light of day later this year).
XRP’s price is down 6% for the day, but a potential resolution in the Ripple v SEC lawsuit could positively affect its value.

Tokenized US T-Bills on the XRPL
OpenEden – a fintech company focused on bridging traditional finance and DeFi – will introduce tokenized US Treasury bills (T-bills) to the XRP Ledger (XRPL) and its users for the first time.
For its part, Ripple will create a fund to allocate $10 million to the aforementioned products. Markus Infanger, Senior Vice President at RippleX, claimed that OpenEden’s T-bills represent an “exciting example of how all types of

TL;DR
BTC, XRP, and SOL are some of the top-trending digital currencies recently due to important factors that have sparked heated discussions.
Other widely-discussed tokens as of late include Ethereum (ETH), Chainlink (LINK), and others.

These are the Leaders
The cryptocurrency market has passed through enhanced volatility in the past few days, affecting investor sentiment.
Bitcoin (BTC), for one, reached a price of almost $70,000 on July 29 before plummeting below $66,000 the following day and currently trading around $66,300 (CoinGecko’s data). The correction was followed by the news that the US government had moved $2 billion worth of its BTC holdings to another address (possibly preparing for a sale). 
According to the crypto market intelligence platform Santiment,

TL;DR
Shiba Inu’s price dipped by 3% daily, but the increase of some important indicators part of the ecosystem suggest a potential rally.
Some analysts predict a bullish future for the meme coin based on technical indicators like the RSI, while others foresee a bearish outcome.

The Indicators’ Explosion
The cryptocurrency market plunged substantially in the last 24 hours following the news that the US government moved $2 billion worth of its bitcoin (BTC) holdings to another address (possibly preparing for a sale).
One of the digital assets that was negatively affected in the aftermath was the popular meme coin Shiba Inu, whose price dipped by 3%. Nonetheless, the resurgence of some important metrics signals that the retreat could be replaced by a rally soon.
The Shiba

TL;DR
Ripple will unlock one billion XRP in August, which could impact the price due to increased supply.
Analysts predict a bullish trend for XRP, expecting a significant breakout.

The Upcoming Unlocks
Ripple is set to unlock one billion XRP at the start of August – a practice that happens every month and is part of the company’s strategy to ensure a transparent release of its holdings. The initiative dates back to 2017, when Ripple placed 55 billion XRP tokens into a series of escrows.
“The escrow consists of independent on-ledger escrows that release a total of one billion XRP each month over the next 55 months. This provides an upper limit on the amount of new XRP that can be brought into circulation.
The amount of XRP actually released into circulation will likely be