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Also: Celestia's price outlook bleak & BlackRock's potential blockchain plans
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LATEST NEWS TRADING COMMUNITYAIRDROPS
LATEST NEWS TRADING COMMUNITYAIRDROPS
IR DAILY CRYPTO l INSIGHTS | | A l
TODAY'S MENU
* Research: $10 Trillion AUM BlackRock Could Launch Its Own Blockchain
* Binance on Toncoin (TON): Telegram's Web3 Push Drives Growth
* Cardano (ADA) Risks 18% Fall as Demand Wanes
* Arbitrum Volume Spikes, Dips Ahead of $51 Million Token Unlock
* Celestia (TIA) Price Outlook Bleak Despite Recovery Attempts
🎯 Quick Bites: Your Crypto Market Snapshot 📈
🔗 BlackRock's Potential Blockchain Move
DeFi image
Token Terminal suggests that BlackRock, with $10 trillion in assets under management, could launch its own blockchain similar to
Coinbase's Layer-2 network, Base. This move would allow BlackRock to keep track of its holdings across asset classes on a single,
global, interoperable, and transparent ledger.
💡 Quick Take: Although it's speculative, such a move could revolutionize traditional finance, potentially streamlining
operations, reducing costs, and improving transparency. Watch for any official announcements or regulatory developments that could
open up the way for this initiative.
📱 Binance Honors Toncoin's Growth
Coin image
Binance recently added Toncoin (TON) to its spot market, highlighting its growth potential and strong integration with Telegram.
TON has risen 46% since its Binance listing, benefiting from Telegram's Web3 push and large user base.
💡 Quick Take: TON's Telegram affiliation positions it for significant impact across various sectors. Monitor TON's price action
and adoption metrics, especially in relation to Telegram's Web3 initiatives.
📉 Cardano Risks 18% Fall
Img of a coin
Cardano (ADA) faces potential further decline as active addresses and whale activity decrease. The price-daily active address
divergence stands at -30.89%, indicating weakening market sentiment.
💡 Quick Take: ADA could drop to $0.27, representing an 18% fall from its current $0.33 price. Watch for changes in on-chain
activity and whale behavior as potential indicators of price direction.
🚀 Arbitrum's $51M Token Unlock Ahead
Coin image
Arbitrum (ARB) saw a sharp rise in trading volume ahead of its $51 million token unlock on August 16. ARB is trading at $0.57, up
14% over the past week but down 1.63% in the last 24 hours.
💡 Quick Take: Token unlocks often cause market volatility. Monitor ARB's price action and trading volume in the days leading up
to and following the unlock event. Watch for potential support at $0.55 if selling pressure increases.
💫 Celestia's Bleak Price Outlook
Coins
Despite a 14.5% price increase over the past week, Celestia (TIA) faces challenges in sustaining its upward momentum. Social
dominance has dropped to 0.07%, and the Accumulation/Distribution indicator suggests lack of buying pressure.
💡 Quick Take: TIA may consolidate between $4.67 and $5.71. Watch for changes in social sentiment and buying pressure as potential
triggers for price movement. A break above $5.93 could knock out the bearish outlook.
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Today's highlights
💰 New Starbucks CEO Could Reignite Crypto Foray
Starbucks appoints Brian Niccol as CEO, sparking speculation on potential crypto ventures. Niccol’s Chipotle success linked to
digital innovation, including crypto promotions. Starbucks shares surge 22% following Niccol’s appointment, reflecting investor
optimism.
Market Cap Dominance $214T |$64,08B | 56,17% S BTC
What did you think of today’s edition? It was lit! Meh... You missed the mark. s s s
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