TL;DR Breakdown Hooked Protocol price analysis is bullish today The strongest resistance is present at $1.43 HOOK price trades at $1.42 at the time of writing Hooked Protocol’s price analysis shows rising signs as the market shows massive upside potential. The price has increased, reaching above the $1.42 level, and could soon break out of the key resistance levels to surge even higher if the bullish momentum continues. The bulls have regained their control of the HOOK market, which will change the course of the market for the better, and now expect the bullish period to take over in the next few days. The bullish momentum is strong, with a 24-hour volume of $9.4 million, an increase of 0.03% over the past 24 hours, and could continue increasing as investors look to capitalize on potential price breakouts. The market capitalization is currently at $70 million, with an increase of 1.46% in the past 24 hours, as per Hooked Protocol data. Hooked Protocol price analysis 1-day chart: Bulls succeed in raising the price to $1.42 Looking at the daily chart, we…

TL;DR Breakdown Developers and crypto investors from around the globe turned up for the EDCON 2023 conference in Montenegro for an amazing community meetups/panels/etc. What went wrong? What could’ve been better? Read on. EDCON 2023, the greatest Ethereum conference of the year, had all the factors set in its favor to be the greatest, most productive crypto event of the year. It’s summer down South Europe, and many developers and crypto enthusiasts found themselves on the beaches of Italy, Greece, Croatia, and even Albania, believe it or not.  Coincidentally, it mashed up with the EDCON – the newest breed of those Ethereum Foundation conferences. This brand new one, powered by UETH, was held in the beautiful city of Podgorica, Montenegro, and hosted by amazing UDG powered by Arizona State University. Events leading up to EDCON  and expectations So, EDCON is a non-profit annual global Ethereum conference held in various countries. This year, despite an odd location (previous ones were held in Paris, Miami, etc.), had a surprisingly huge turnout considering that summer vacations came at the same time as the…

TL;DR Breakdown Cardano price analysis shows a bullish market sentiment. Resistance for ADA is present at $0.3633. Support for ADA is seen at the $0.3545 level.   Cardano price analysis shows a bullish trend forming, with the price of ADA breaking above the $0.3545 support zone and climbing up to a high of $0.3633 earlier today. ADA kicked off today’s trading session on a low note before steadily rising, reaching the $0.3632 mark.  ADA is now trading around the $0.3632 level and could suffer a few corrections if support fails to hold up at this level. Should sellers manage to bring down the price below the $0.3545 level, it would send ADA into a bearish trend. On the other hand, if buyers manage to sustain the current momentum, we could soon see ADA rising above the $0.3633 resistance level. Cryptocurrencies price heatmap, Source: Coin360 The overall market sentiment for the crypto market is still mostly bullish. Most of the major altcoins, including Cardano (ADA), are currently in a positive outlook as the crypto market recovers from its recent dip. Top…

TL;DR Breakdown Binance has inked a deal to set up a crypto exchange in Thailand before the end of the year. The exchange wants to showcase the potential of blockchain via its partnership with Gulf Energy. Cryptocurrency exchange Binance continues its global expansion by obtaining regulatory approvals in Thailand. Gulf Binance, a joint venture between the crypto exchange and Gulf Innova, the innovation arm of Gulf Energy, has been granted digital asset operator licenses by Thailand’s Ministry of Finance. These licenses authorize the firm to operate a regulated crypto exchange under the supervision of the country’s Securities and Exchange Commission. Binance will set up the exchange by Q4 In an announcement made on May 26, the exchange revealed that Gulf Binance plans to launch a digital asset exchange in Thailand by the fourth quarter of 2023. This new venture will combine the crypto firm’s expertise in digital assets with Gulf’s extensive knowledge of the Thai market. The two companies have been collaborating closely for over a year, exploring the possibility of establishing a local digital asset exchange. Gulf Energy, led…

TL;DR Breakdown U.S. and Chinese Commerce Ministers held high-level talks in Washington D.C. They discussed the challenges American companies face in China. Amid tensions, China restricted purchases from U.S. chipmaker Micron, adding to the economic strain. In a move signaling potential agreement in strained Sino-American economic relations, U.S. Secretary of Commerce Gina Raimondo recently held discussions with her Chinese counterpart Wang Wentao in Washington D.C., marking the first cabinet-level meeting in months. A delicate dance of diplomacy While the session represented an attempt to thaw relations, it was not devoid of contentions, highlighting ongoing complexities in Sino-U.S. relations. American companies’ challenges while operating within the People’s Republic of China (PRC) were central to the conversation. As noted by the U.S. Commerce Department, the bilateral dialogue was both “candid and substantive,” focusing on potential areas of cooperation and the overarching environment for bilateral trade and investment. However, Raimondo didn’t hesitate to express concerns over the PRC’s recent actions against U.S. companies operating within its jurisdiction. This dialogue assumes heightened significance as global observers watch for potential restrictions on American investments in…

TL;DR Breakdown French legislators have revised their strict regulations on cryptocurrency companies and influencer marketing, opting for a more innovative approach. The revised bill allows licensed cryptocurrency exchanges and compliant crypto companies to promote their products through influencer marketing. The legislation aims to promote transparency and oversight, with penalties for non-compliance including imprisonment and significant fines. In a stunning twist, French legislators have taken an unexpected stance by revising the strict rules initially proposed in March. These regulations had intended to impose severe limitations on cryptocurrency companies registered in the country, particularly those engaging in influencer marketing. However, the lawmakers have now opted for a more innovative approach, signaling a significant departure from the previous stringent measures. Earlier this month, the French government drafted a bill that imposed regulations on influencers, requiring them to obtain licenses and prohibiting them from engaging in exclusive marketing for crypto companies. This move by the French government aimed to regulate influencer activities and promote transparency in promoting cryptocurrencies. Arthur Delaporte and Stéphane Vojetta, who spearheaded the motion in the National Assembly, have stated that…

TL;DR Breakdown “Mr. Jeon,” a former Coinone executive, has admitted to taking $1.51 million in bribes to list certain virtual assets on the market. One of the listed coins, “Furiever Coin,” is linked to an ongoing kidnapping and murder investigation in Seoul’s Gangnam district, adding further gravity to the situation. Mr. Jeon’s broker, “Mr. Ko,” is also accused of facilitating the illicit listings and has admitted the facts of the prosecution. The former executive of South Korean cryptocurrency exchange Coinone, known as “Mr. Jeon,” has openly acknowledged the charges against him in a high-profile bribery case. The accusations surfaced recently and alleged that Mr. Jeon had accepted bribes totaling a staggering 2 billion won ($1.51 million) in exchange for listing specific virtual assets on the exchange platform. The coins in question include “Furiever Coin,” a digital currency that garnered an exclusive listing on Coinone. Shockingly, Furiever Coin has since been linked to an ongoing kidnapping and murder investigation in Seoul’s prestigious Gangnam district, adding further gravity to the already alarming situation. Accompanying Mr. Jeon on this challenging journey is his…

TL;DR Breakdown Brazil’s central bank, Banco Central do Brasil, is launching a central bank digital currency (CBDC) pilot project, attracting interest from both national and global companies. Tech giant Microsoft, Brazil-based bank Banco Inter, and digital technology firm 7COMm have teamed up as one of the 14 selected participants in the pilot project. In a remarkable stride towards digitization, Brazil’s central bank is steering the country towards the integration of a digital version of its national currency, the real. The Banco Central do Brasil has unveiled plans to inaugurate a central bank digital currency (CBDC) pilot project, garnering significant interest from a diverse range of participants, both domestic and international. Among these participants, tech powerhouse Microsoft has made a prominent entrance into the scene, partnered with Brazil-based Banco Inter and the digital technology firm 7COMm. A promising assemblage for the CBDC pilot project The finalized list of participants for this pilot project was made public on May 24th, compiled from a whopping 36 applications that represented more than 100 institutions. Out of these applications, only 14 entities made the cut,…

TL;DR Breakdown OpenAI has affirmed its commitment to stay in Europe, despite earlier concerns raised by CEO Sam Altman about stringent upcoming AI regulations. Altman held discussions with top politicians across Europe about the future of AI and the advancements of OpenAI’s AI model, ChatGPT. OpenAI faced criticism for not revealing the training data for its AI model, GPT-4, citing competition and safety concerns. OpenAI, the influential tech organization, has dismissed any plans to withdraw its presence from Europe, despite concerns about upcoming laws on artificial intelligence (AI) regulation. The declaration follows an earlier statement by OpenAI’s CEO, Sam Altman, indicating potential difficulties for the company’s European operations due to the anticipated stringent AI laws. OpenAI’s commitment to Europe Mr. Altman dispelled any uncertainties surrounding OpenAI’s commitment to Europe in a tweet on Friday, expressing his anticipation about the continued operation in the region. His earlier comments suggesting a potential exodus, in the face of what he considered excessive regulation in the draft of the EU AI Act, were met with disapproval from numerous European lawmakers, including EU industry chief…

TL;DR Breakdown Russian President Vladimir Putin advocates for a transition to a decentralized international financial system, asserting it would bolster global economic resilience and stability. The proposed system would make the global economy less dependent on crisis phenomena in countries with global reserve currencies, thereby enhancing the security of international payments. Putin’s emphasis on using national currencies corresponds to Russia’s economic strategy to reduce reliance on the currencies of unfriendly nations, a trend seen in several rapidly advancing economies like China, India, and Latin American countries. Russian President Vladimir Putin has called for a transition to a decentralized international financial system, asserting that such a transformation would bolster global economic resilience. This revolutionary viewpoint was expressed at the second Eurasian Economic Forum and has triggered a renewed debate on the future of global financial frameworks. Rethinking financial systems for stability President Putin proposed that a decentralized financial system could better serve the global economy and improve stability. He suggested that the economy would become “less dependent on crisis phenomena” in countries that hold global reserve currencies, making payments more secure….