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TODAY’S ALTCOIN NEWS & UPDATES

Presenting the most interesting and important crypto market events that took place today.
TVL distribution among Base Ecosystem

Total Base Ecosystem TVL: $130M
1. BaseSwap TVL: $54.9M
2. Beefy TVL: $12.7M
3. SwapBased TVL: $12.3M
Bitget (BGB) is launching fiat deposits campaign

Promotion period will begin on August 18 and will last till October 30. Users can use one of the four payment options to buy crypto with fiat and share 250,000 BGB reward pool.

👉 bitget.buzz
POLYGON ECOSYSTEM WEEKLY OVERVIEW

Within the last week, the following changes in the Polygon Ecosystem occurred:
🔹 Market Cap decreased by $100M down to $12.4B.
🔹 BTU Protocol $BTU gained 33.4% and got 1st place in the Top-5 Weekly Price Gainers.
🔹 OpenOcean $OOE Trade Volume increased by 37.6% and headed the Weekly Trade Volume Gainers.
Web3 Studio Sortium Raises $7.8M in Seed Round

Join this waitlist https://sortium.ai/?ref=2llrfR

Join the @Sortium AI waitlist! Craft professional 3D assets and Textures in real time using natural language. Changing the way games are made.Your AI-powered production team, just a prompt away #Sortium #GenerativeAI #Generative3D
🚨 Suspicion Arises as Bankrupt Voyager Transfers Tokens to Coinbase – What's Going On?

Bankrupt crypto lender Voyager Digital's recent transfer of 1,500 Ether (ETH) and 250 billion Shiba Inu (SHIB) tokens, worth around $2.77 million and $2.7 million respectively, to Coinbase has ignited suspicion and speculation in the crypto community.
Get ready to dive into the latest whirlwind of Crypto News!

💡X (Twitter) receives money transmitter license for payment services in Georgia

🇺🇸The former US president Trump holds $500,000 in crypto, revealed in financial records

🇦🇷Pro-Bitcoin candidate Javier Milei wins primary presidential election in Argentina

💡Sam Bankman-Fried is sent to jail ahead of trial

bitmart.tech
The percentage of Bitcoin's supply held by long-term holders just crossed 75%
#ALTS MARKET CAP ANALYSIS

Alts market cap is attempting to break out the big symmetrical triangle. It is breaking out the MA 100 and the Ichimoku cloud is acting as resistance on the trendline of the triangle.

There is a low decreasing volume in Alts for a long time, which could be a sign of a powerful bullish move if it successfully breakout the triangle with an increasing volume.
ADA Analysis :

ADA is been trending lower after the retest of the major resistance zone of $0.299 - $0.304 and reached the structural support zone of $0.287 - $0.288. If price breaks and close below $0.287 then we can see next move down till support at $0.265 and lower. Price might form the range here, so wait for the breakout.
[MEXC Kickstarter] Win Free 50,000 USDT Airdrops by Voting Now

📣[Initial Listing] MEXC Kickstarter - Vote Pac Man (PACMAN) to Win Free 50,000 USDT Airdrops!

Voting Period: 2023-08-15 06:00 to 2023-08-16 05:50 (UTC)

👇🏻Registration Eligibility:
Hold at least 1,000 MX or more for 15 consecutive days before 2023-08-14 16:00 (UTC)

tamilbtc.com/mexc
The short-term correlation between Nasdaq tech stocks and Bitcoin has turned positive, indicating the two are moving more in step
Bitcoin volatility hits all-time low as trading volume slumps
🚨 Compound DeFi lending platform is now on Coinbase's Layer 2 network, Base. Users can use ETH & cbETH as collateral for borrowing bridged USDC.

Source
🚨 Some Major news from yesterday🚨 •CoinDesk lays off 45% of editorial staff as it eyes deal to sell company•Coinbase Officially Launches in Canada•Base Dex Rocket Swap rug pulls for ~470 $ETH, ($900k)•Coinbase VP says Canada can be a 'global leader' in crypto•Bitcoin volatility hits all-time low as trading volume slumps•FarmVille Creator Zynga Reveals First Ethereum NFT Game: Sugartown•Former Binance US CEO Says White House Trying To Keep Stablecoins ‘Out of the Discussion'•Crypto Platforms Process 47% of Scam
Funds in Australia•Ethereum Founder Vitalik Buterin Acknowledges All ETH L2s Have
'Backdoors.' These "training wheels" refer to backdoors that allow developers to intervene and modify the protocol in case of bugs or other issues.•Crypto custodian Prime Trust files for Chapter 11 bankruptcy. The crypto custodian’s bankruptcy comes as it’s been unable to honor customer withdrawals for months.•SEC charges UK audit firm Crowe U.K. LLP for deficient audit of music streaming company. Firm allowed Akazoo Limited to go public via SPAC merger despite falsified financials, leading to false revenue claim. SEC's action against pro-crypto firm may extend its reach in the crypto space.•Dubai attracts AI, Web3 enterprises with 90% subsidized licenses. Also grants operational licenses to crypto exchanges.•British regulator reveals crypto registration stats: Only 13% of applications approved. Since January 2020, nearly 300 crypto companies applied for registration with the Financial Conduct Authority. Only 38 were approved.•Chainlink Completes Integration With Coinbase’s Layer 2 Network Base•Man charged for facilitating Netwalker ransomware that stole 5,000 $BTC. Polish and US authorities shut down 'bulletproof' hosting provider Lolek, arresting five individuals involved in facilitating Netwalker ransomware attacks and other cybercrimes. Lolek, known for providing secure web hosting for malicious activities, claimed to offer 100% privacy without logging user activity.•Machi Big Brother withdraws defamation lawsuit against ZachXBT•Bitmain Introduces the Antminer S21 and
S21 Pro with Unprecedented Energy
Efficiency•Bitcoin Frontier Fund launches accelerator program for Ordinals startups. The program will provide seed money, mentoring and support to approved applicants.•Zunami Protocol lost $2.1M as the project’s Ether- and USD-pegged stablecoins came under a price manipulation attack.•Jonathan Jachym, Global Head of Policy at Kraken crypto exchange, told Coin Telegraph that he believes crypto is a nuanced issue. He highlights financial empowerment, asset ownership, and decentralization. Jachym asserts these are non-partisan issues faced by legislators worldwide. He suggests utilizing technology to create a fairer, trustless financial system with enhanced efficiency and transparency. Jachym encourages embracing crypto now.•Celsius customers to vote on settlement plan with Fahrenheit after judge's approval. Settlement reached in July, court approval in October if customers agree.•FBI warns of scam involving fake beta-release mobile apps that steal money. Scammers disguise apps as prerelease tests, tricking people into downloading them from unofficial sources. These apps look legitimate but may contain malware for data theft or device control. Scammers target victims through phishing emails or romance scams. FBI advises caution with red flags like battery drainage and suspicious permissions. Check developers' info and customer reviews before downloading. Avoid sharing personal or financial info with strangers online.•Chinese Filecoin mining firm charged for allegedly orchestrating $83.3 million pyramid scheme•Singapore central bank considers three business days timely for stablecoin transfers. However, redemptions of MAS-regulated single-currency stablecoins will have a longer grace period of five business days, despite some advocating for real-time processing.