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The crypto market has certainly experienced a downturn in August. Few have been safe, with Bitcoin falling as low as $58,000 Friday. Yet, things could be turning soon. Moreover, meme coin mainstay Shiba Inu could get help from crypto exchange Kraken to push SHIB back to its $0.000015 level. The asset has enjoyed a rough go over the past several weeks. Indeed, the asset’s profitability has fallen below 50%, experiencing a massive 60% drop, according to IntoTheBlock. However, that may be changing, with data supporting increased interest and positive sentiment that could have the token surging once again. Source: Reuters Also Read: Shiba Inu: Can $1000 Worth Of SHIB Become $1 Million By 2026? Shiba Inu Poised to Bounce Back? Kraken May Help August has not been kind to the second-largest meme coin by market cap. Indeed, Shiba Inu has struggled mightily. Over the last 30 days, the asset has fallen more than 15% according to CoinMarketCap. Moreover, it has dropped more than 7% in the last se

The global markets are currently experiencing a tumultuous change. Rising geopolitical changes are giving birth to new economic changes. At the same time, the US dollar devaluation has peaked at its prime, with alternative currencies like the Chinese yuan gaining steady momentum in the space. Will the US dollar sustain such severe injuries to its prestige? Also Read: ASEAN: Steps To Ditch US Dollar Gains Momentum In South East Asia Chinese Yuan Surges To New Highs Source: Shutterstock According to the Financial Times, China’s use of the renminbi has recorded a new high in cross-border transactions. The renminbi is becoming an increasingly popular currency for cross-border transactions, with people opting for RMB to initiate global transactions. 90% of all trade between China and Russia is conducted in Ruble or Yuan after ditching the US Dollar. pic.twitter.com/kLuoGwMSL4 — BRICS News (@BRICSinfo) May 16, 2024 The usage of the Renminbi has found a new footing in Russia, as the region

Apple is in talks to invest in OpenAI, boosting funding in the company following its partnership with the ChatGPT maker on Apple Intelligence. The leading tech giant would join a multibillion-dollar funding round alongside Microsoft and Thrive Capital, according to the Wall Street Journal. JUST IN: Apple is in talks to invest in OpenAI, WSJ reports. pic.twitter.com/CvtJztaCIQ — Watcher.Guru (@WatcherGuru) August 29, 2024 The report did not indicate how much money Apple would be investing in OpenAI. Nor did it provide any additional details about the discussions. However, this latest fundraising round would value the ChatGPT maker above $100 billion, according to the WSJ. The Wall Street Journal reported that venture capital firm Thrive Capital is leading the round of investments. Apple Expands Partnership with OpenAI with Multi-million Investment Apple previously announced that ChatGPT integration is coming to Siri on iOS 18, iPadOS 18, and macOS Sequoia before the end of the year. Th

The president of Ava Labs, the team behind layer-1 blockchain Avalanche (AVAX), says that he’s optimistic about Ethereum (ETH)-based exchange-traded funds (ETFs). In a new interview with Bloomberg Television, Ava Labs president John Wu says that over time, Ethereum ETFs will find success due to the competitive nature of the decentralized finance (DeFi) sector. “I don’t think anyone anticipated [the] Ethereum ETF to be as successful as the Bitcoin ETF was, but in reality, Bitcoin really has just one competitor – that’s gold. Ethereum is about utility and creating use cases. They actually have many, many competitors, from Avalanche to Solana to a whole bunch of others. And so you have a situation where the supply – because it’s an earned proof-of-stake model – is increasing and yet transactions are just kind of steady. So there’s a little bit of imbalance, but I am very positive that over time it is still in a pull position and has a chance to allow others to get

The Simon’s Cat price dropped 14% in the last 24 hours to trade at $0.00002416 as of 06:00 a.m. EST on trading volume that dropped 6% to $100 million. Simon’s Cat Price Aims For A Continued Surge Since its launch, Simon’s Cat has been on an uptrend, trading within the rising channel pattern, according to data from GeckoTerminal . CAT’s price aims for a continued bullish rally, as the token now surpasses the lower boundary of the rising channel. The Relative Strength Index (RSI) is currently on a rebound from the 50-midline level, as it hurtles towards the overbought region, currently at 56. The soaring RSI is an indication that CAT is under intense buying pressure. As the RSI rebounds, the buying pressure may intensify, which may in turn exert pressure on the price of Simon’s Cat. In this scenario, CAT could soar above the rising channel as the bulls target $0.0000350. CATUSD Chart Analysis Source: GeckoTerminal.com However, if the bears take control here, the price of

The cryptocurrency market was painted red. Shiba Inu (SHIB) dropped from a high of $0.00001503 to a low of $0.00001439. At press time, SHIB was trading at $0.00001479 with a 1.43% surge over the past 24 hours. SHIB had a reasonably bullish week with a 7% surge over the past seven days. Also Read: BRICS: Russia To Officially Use Cryptocurrency For Trade Settlements Shiba Inu’s Market Performance and Future Predictions Source This dip comes after Shiba Inu decided to emerge as a prominent decentralized governance player with its DAO’s upcoming launch. SHIB trading has experienced a significant decline, falling by 39% to $204 million after the announcement. But the meme coin saw a 5% rise, and the daily trading volume was at $244 million. Also Read: Telegram’s Toncoin (TON) Falls 17% Following Founder’s Arrest Revival Incoming for Shiba Inu? Despite the meme coin’s current fall, the asset surged by more than 80% over the past 12 months. This means that Shiba Inu has the potential to rise.

The cryptocurrency market is facing a slight correction, with Bitcoin (BTC) dipping below $63,000 and the global market cap falling by 2.6% to $2.31 trillion. While the dip may be alarming to some, it also presents an opportunity to buy more assets at a cheaper price. The Federal Reserve announced interest rate cuts beginning next month so that the cryptocurrency market may rebound in September. An interest rate reduction could lead to investors putting money into riskier assets. Also Read: Ripple: 20% Institutional Investors Hold XRP, Study Confirms With that said, let’s look at three crypto assets that are under $1 that could surge in September 2024. Top 3 Cryptocurrencies Under $1 for September 2024 1. Pepe (PEPE) Source – Coin98 PEPE has displayed stellar growth since its launch in April 2023. The asset quickly climbed the charts and is currently the 31st-largest crypto project by market cap. PEPE has faced a 3.9% correction in the last 24 hours but is up by 9.4% in the weekly char

A Saturday news broadcast on X and YouTube by BitcoinNews.com claimed that the fifth largest economy in the world has adopted bitcoin. It had not. The livestream headline and much of its commentary dangled the inference that California had somehow just ‘adopted’ bitcoin as other governments like El Salvador had ‘adopted’ bitcoin. Many were fooled. The broadcast misleadingly suggested that an obscure announcement by the City of Santa Monica meant that the entire State of California – which is the world’s fifth largest economy by some metrics – had ‘adopted’ bitcoin. Read more: Fake news again! This time it’s Kamala Harris and ‘unrealized crypto gains’ No, it did not. California did not change any policy regarding bitcoin over the weekend. What actually happened is that on July 10, one city in California opened an office in partnership with a non-profit foundation. That office is called the Santa Monica Bitcoin Office. The city allocated $0 to its budget. Screenshot of the announc

Toncoin has plunged 18% following the French authorities’ arrest of Pavel Durov, the CEO of Telegram. Duriv’s arrest significantly impacted the price of Toncoin, which plummeted 18% and is now trading at $5.74. The investor seems keen to know the future of Ton and whether the token may temporarily adopt a bearish stance, with volatility brought in by Durov’s arrest. Also Read: Bitcoin Climbs 5% as Powell’s Remarks Ignite Crypto Market Telegram CEO Pavel Durov Arrested: What Happened? Source: CNBC On August 24, Durov was detained by the French authorities soon after the telegram CEO landed in the region from Azerbaijan. The French unit, dubbed the OFIM, issues the warranty against Durov, a sectoral unit that deals with handling cases related to violence against minors. The report also stated additional allegations, including how Durov purportedly allowed criminal activities to spread via Telegram and allegations related to Telegram’s role in disseminating illicit activities due to a lac

A trader who continues to grow his following with timely altcoin calls thinks that an Ethereum (ETH)-based memecoin is gearing up for a huge upside move. Pseudonymous analyst Bluntz tells his 270,400 followers on the social media platform X that he has his radar locked on the memecoin Pepe (PEPE). According to the analyst, PEPE’s two-hour chart resembles Bitcoin’s (BTC) price action in January 2023 when it was bottoming and trading at around $16,000. “Took one look at PEPE this morning and had deja vu like I’d seen this before. I had and it was BTC at the 16,000 cycle bottom lows.” Source: Bluntz/X After bottoming out in January last year, Bitcoin rallied to a fresh all-time high of $73,737 in March of this year – an over 360% rise in about 15 months. At time of writing, Bitcoin is trading for $64,199 while PEPE is worth $0.0000094. The analyst also names a handful of memecoins that he thinks will move faster than other altcoins when the market turns bullish