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Tether, once considered one of the worst of the stablecoins, continues gathering reserves. EOS which had seemingly been dead for a while gets a burst of life, while Everlodge, an upcoming holiday web3 project, is set to rise significantly.

Click Here To Find Out More About The Everlodge Presale

Tether gets stronger every day and backs real world assets

For years the community has been suspicious of Tethers backing, and DeFi platforms like Aave have traditionally not allowed Tether to be used as collateral. However, after the last announcement where Tether switched from the majority of its holdings in commercial paper (an unsecured form of debt) to treasury bonds, bitcoin and mining stocks, confidence is growing in the coin.

Tether Holdings Q2 2023 report reveals a significant $850 million rise in excess reserves, reaching $3.3 billion, demonstrating its commitment to backing USDT tokens. The companys profits surged to $1 billion, a 30% increase from Q1 2023, driven by the cryptocurrency markets upturn, particularly Bitcoin.

Tethers transparency and philosophy of accountability shine through since 85% of reserves are in liquid investments. The report also discloses Tethers exposure to US Treasury bills held by money market funds, amounting to around $72.5 billion. The companys focus on building excess reserves aims to strengthen its position amid challenges in the cryptocurrency ecosystem.

Tron is offering a staked Tether solution that offers a return based on investing in real world assets (RWA). The current TVL is around half a million and the current APR is 4.29%

In the UK at least, you can get a bank account that pays 6% interest and one can argue there is less risk due to the banking laws, but stether.io could be a good option for those looking to not have so much money in fiat.

Could EOS have its day?

EOS, once a popular chain, seemed to fade into oblivion. Why? Perhaps because Block.one, a significant investor in the blockchain industry, defaulted on its $1 billion investment commitment.

With renewed momentum, the EOS community says its ready to attract Web3 builders and fulfill its original promises. The focus on decentralization and collaboration, as demonstrated by La Roses leadership and the collective efforts of hundreds of contributors, is the key to their bullish outlook.

The communitys resolve to address past mistakes and work together for success suggests a positive future for EOS. As they solve problems and harness the strengths of technology, funding, and community support, EOS could make an unlikely but impressive comeback to the top ten tokens and beyond.

Despite the looming legal battles, La Rose remains confident about the potential of the EOS Network. In a tweet, he affirmed that taking steps to hold Block.one accountable for its promises would only enhance EOS Networks position and the long-term value it offers its participants.

Own a piece of luxury property with Everlodge

As Tether and EOS redeem themselves, what about Everlodge? A new project whose focus on tokenization of real world assets, mixed with the lucrative vacation property market, shows promise.

Everyone from Blackrock to Bank of America are talking about the tokenization of RWA as the next big thing for blockchain. But how can the ordinary investor profit?

Everlodge will tokenize properties around the world, using the NFTs to store metadata such as deeds. These NFTs will then be fractionalized and sold to investors. People will be able to buy fractions of properties from LA to London. If property prices rise, NFT values rise.

Everlodge is in presale now and their token ELDG is on offer in the Beta round for $0.01. The token has lots of utility and the ability to be staked for 10% APR. It is forecasted to rise by 300% in the presale alone so this is an altcoin worth taking a look at.

Find out more about the Everlodge (ELDG) Presale Today:Website: http://www.everlodge.io/Telegram: https://t.me/everlodge

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Tether's excess reserves reaches $3.3B, EOS and bullish new ... - Crypto Reporter

The US Producer Price Index (PPI) measures the cost of goods from the producers' perspective. This implies that higher PPI numbers signify higher inflation, which could lead to interest rate hikes.

Risk assets like Bitcoin typically see a spike in demand from investors in response to rising inflation. In general, inflation tends to devalue a currency in the long term, and applying the same here, it acts as a bullish catalyst for Bitcoin and altcoin prices.

Moreover, it's important to note that the price impact and magnitude of the rally in risk assets also depends on other economic indicators and catalysts in the ecosystem.

The US PPI inflation rate was expected to rise from 0.1% to 0.7% YoY in July, but it exceeded market expectations by a slim margin coming at 0.8%. This number is likely to convince the US Federal Reserve that inflation is under control and there is no necessity for future interest rate hikes.

The PPI data reveals costs are cooling mainly in line with market expectations and Bitcoin has shown bullishness around the numbers. If the US Federal Reserve has less need for aggressive interest rate hikes, it is a bullish sign for BTC holders and traders. Just as higher interest rates are known to bring BTC price rallies to a grinding halt, the opposite is true.

Bitcoin price could make a comeback above the $30,000 level in the week following the release, in the presence of other catalysts in the markets.

Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.

The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.

Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money.

Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it.Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.

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Bitcoin and altcoin prices could benefit from cooling inflation, US PPI for July exceeds expectations - FXStreet

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MATIC price is moving sideways at present, showing no signs of readying for a switch in momentum from bearish to bullish. However, considering the market conditions, it is beneficial for the Polygon token holders if the altcoin continues sideways instead of downwards. Interestingly, this is also partially possible thanks to the investors themselves.

MATIC price is currently trading at $0.67 and has been moving around this price for the past two weeks. Since the beginning of the month, the volatility has taken a downturn, with the altcoin observing no significant increase or decrease in price. While the former is not the most optimum path for MATIC, it is still better than the latter.

MATIC/USD 1-day chart

This is because investors are not too active on the chain at the moment, which makes sustainability an important factor for MATIC price. The addresses conducting any transaction on the network have been declining and recently hit a three-month low of 1.5k.

MATIC active addresses

These levels were last seen in May this year, raising concerns that the plunge in active addresses highlights investors' fear of facing losses. Given the broader market condition, a decline is likely to look at the price indicators.

However, MATIC holders determination seems to be playing in their favor, as the cryptocurrency has not slipped on the charts yet. The long-term investors (addresses holding tokens for more than a year) are observing an increase in their supply by 300 million MATIC, while the traders (addresses holding tokens for less than a month) are noting a decline.

MATIC supply distribution

As MATIC moves into the hands of long-term holders, the altcoin finds reassurance against immediate selling, which traders are prone to. Consequently, low selling and longer holding are bound to keep the MATIC price afloat.

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This groundbreaking advancement has the potential to reshape the way crypto enthusiasts communicate. Offering a range of use cases from NFT trading negotiations to building stronger community connections.

However, this innovation also raises important questions about its impact on the industry as a whole.

The Ethereum Name Service (ENS) domain has long been recognized as a vital tool for simplifying the complex world of cryptocurrency transactions. It enables users to associate human-readable names with Ethereum addresses. Effectively replacing lengthy cryptographic strings with easy-to-remember identifiers.

Expanding its utility beyond address resolution, Coinbase and Etherscan are developing new features in web3 wallets to harness the power of ENS domains for secure and anonymous text messaging.

Here are its use cases:

The introduction of secure and anonymous text messaging through ENS domains has the potential to foster greater adoption. By enhancing communication within the community and enabling new use cases, this innovation can promote a more versatile and engaging ecosystem.

However, there are also concerns that must be addressed. The very features that make this messaging system secure and anonymous also create potential avenues for misuse. Bad actors could exploit the anonymity to engage in scams, fraud, or harassment. Additionally, the pseudonymous nature of communication might complicate regulatory efforts aimed at preventing illicit activities such as money laundering and terrorist financing.

One of the most intriguing aspects of this innovation is its potential to disrupt traditional messaging platforms like WhatsApp. With its emphasis on security and anonymity, the new messaging system built into web3 wallets powered by ENS domains offers a unique alternative to mainstream messaging apps.

As users become more conscious of privacy concerns and data security, they may find the encrypted and pseudonymous nature of Web3 messaging more appealing. This shift could potentially lead to a migration of users from platforms like WhatsApp to Web3 wallets for their communication needs. The use cases presented by Coinbase and Etherscan, such as NFT trading negotiations and community building, highlight the versatility and potential of this messaging system, making it an attractive proposition for crypto enthusiasts.

The integration of secure and anonymous text messaging via ENS domains by Coinbase and Etherscan marks a significant leap forward in blockchain technology. This innovation not only opens up new avenues for communication within the cryptocurrency community but also presents challenges that the industry must address head-on.

By fostering responsible adoption and usage, the industry can harness the potential benefits of this innovation while minimizing its potential drawbacks. As the landscape continues to evolve, it will be intriguing to witness how this technology shapes the future of communication in the crypto world, potentially even disrupting traditional messaging platforms along the way.

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How Messages in Web3 Wallets Can Kill Whatsapp? - Altcoin Buzz