RBI POLICY UPDATE

Key Highlights :

RBI kept repo rate unchanged at 6.50%.

5 out of 6 members voted in favour of policy stance.

MPC to remain focused on withdrawal of accommodation.

Marginal Standing Facility stands at 6.75%.

Vegetable price shock may reverse quickly.

Committed to align inflation to 4.00% target.

​​The Base network, backed by Coinbase, is now live for public

To mark the launch, an event named “Onchain Summer” has been initiated. Users have the option to mint a unique “Base, Day One” NFT in celebration of the launch.

👉 twitter.com/BuildOnBase/status/1689321221715017728

​​Crypto Events Recap, August 8-9

👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-august-8-9

Breaking news:

#Binance didn't provide the required financial documents to the SEC on time for the ongoing lawsuit.

They've asked for more time to meet the deadline.

X/Twitter faces a $350,000 fine for denying the United States Department of Justice access to the account data of former President Trump. The case highlights the legal intricacies surrounding data access and privacy rights.

NEW: San Francisco's SoFi Bank, with 6.2 million customers, revealed
$82mn Bitcoin holdings in Q2 earnings report

📊 According to the REKT Database, in July, 47 exploits resulted in the loss of a total of $363 million, marking the highest loss due to such incidents this year.

[MEXC Kickstarter] Win Free 821,950 ZKID & 20,000 USDT Airdrops by Voting Now!

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Picking Ethereum for PayPal Stablecoin Was an ‘Easy Choice’- PayPal Exec

https://coingape.com/picking-ethereum-for-paypal-stablecoin-was-an-easy-choice-paypal-exec/?utm_source=cgtelegram

🔥 Coinbase's New Base Blockchain Draws $10 Million Inflows Day After Launch – Here's the Latest

The network, which officially went live on Wednesday this week, launched without its own native token, but Coinbase has encouraged others to build projects and launch their own tokens on Base.

[MEXC Launchpad Airdrop] Register Now for UC Finance Launchpad

📣[Airdrop] MEXC Will Launch the Launchpad with UC Finance (UCF)

⏰Registration Period: 2023-08-11 10:00 - 2023-08-16 10:00 (UTC)

👇🏻Registration Eligibility:
Hold at least 1,000 MX or more for 30 consecutive days before 2023-08-10 16:00 (UTC)

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BETA Analysis :

BETA is been consolidating in a range between the support zone of $0.0735 - $0.0749 and Resistance around $0.0837 - $0.0891. This time we've to wait for the price to break either side, to make a potential setup.

🇺🇸 The SEC decision for the ARK Invest spot Bitcoin ETF on August 13.

The decision is expected to be announced today as it coincided with Sunday.

The ETH open interest on CME is near a 1-year low — link

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Not Bitcoin, Look closer to Total market cap

I'm going to give my focus to the total market capitalization as there is major pattern which is forming right now.

The triangle pattern on the high time frame is showing us that the market is still consolidating at current specific structure. What makes it even more interesting is that the price is now trending closer to the edge of this possible triangle pattern as well.

Also, there is a major reaction on the EMAs structure which the price is now moving in sandwiching pattern between the 21, 55 and 200 EMA which I see is as possible drive to lower liquidity.

Both the trending closer to the edge of triangle and the EMAs sandwiching pattern on the 4 days time frame is having similar presentation.

From this scenario, it's very likely that we will see another slow movement for the next 30 days at least and if you swinging any position during this period, it's purely gambling.

Solana Price Path to $30; Double Bottom Pattern Sparks Bullish Upswing

Solana price shows the formation of a double bottom pattern indicating a strong potential for an upward movement in prices.