Asuene CEO Nishiwada to Attend Climate Week NYC 2024, One of the World’s Largest Climate Events

  

Asuene Inc. Founder & CEO Kohei Nishiwada will attend Climate Week NYC 2024 as part of Japan Climate Leaders’ Partnership (JCLP) delegation. This major event, organized by The Climate Group—known for leading initiatives like RE100—will bring together influential leaders from business, government, finance, and international organizations to discuss climate action.

By participating in Climate Week NYC 2024, Asuene aims to further strengthen its business expansion and advance support for corporate decarbonization and ESG management.

About Climate Week NYC

Climate Week NYC, now in its 16th year, is one of the largest climate change events globally. Held annually in New York City during the United Nations General Assembly, this year's event will take place from September 22 to 29. The program will feature leaders from various sectors—including business, government, finance, and international organizations—who will discuss the 2024 theme, "It's Time," focusing on actions related to policy, investment, and transitioning away from fossil fuels.

The event provides a valuable opportunity to understand the political and business environment related to the UN General Assembly and the upcoming U.S. presidential election, while also facilitating valuable business networking among participants.

The Climate Group, based in the UK, drives climate action towards a decarbonized society. It leads influential initiatives such as RE100, EV100, EP100, SteelZero, and ConcreteZero, having a significant impact in the decarbonization sector.

Nishiwada will participate in the "Opening Ceremony," which will be attended by heads of state, top international officials, and CEOs, and will also take part in sessions at "The Hub Live" on themes such as "The New Industrial Revolution" and "Leadership and Green Growth."

Outline of Climate Week NYC 2024

Date: September 22-29, 2024 Location: Midtown, New York City, USA URL: https://www.climateweeknyc.org/

About Asuene APAC Pte. Ltd.

Asuene Company Profile

Asuene Inc. is a leading Climate Tech company in Japan with the mission of ”Changing the world for the next generation”. We provide "ASUENE", a carbon accounting platform to measure, report and reduce carbon emissions of companies and we contribute to the net zero society.

Company name: Asuene Inc. Representative: Founder & CEO Kohei Nishiwada Date of establishment: October, 2019

Headquarters: WeWork, KDX Toranomon 1Chome Building 4F, 1-10-5 Toranomon, Minato-Ku URL: https://earthene.com/apac

This Press Release has also been published on VRITIMES

Ethereum Selling Pressure High, ETH Price Most Crisis Since 2021?

ETH price continues to decline. It is predicted that Ethereum's decline is due to Trump's assassination last week and the Fed's interest rate announcement. Here is a more detailed analysis.

The current condition of Ethereum is considered worrying. The reason is, the ETH price continues to decline even though the prices of other crypto assets are "green". The price of ETH is currently considered the lowest since 2021.

Let's review together what the current condition of the Ethereum price chart is. Analysis of factors that influence the price of Ethereum will also be explained in this article.

Ethereum Decline Factors

Allegedly, the decline in ETH prices was due to the assassination attempt on former US president, Donald Trump, at the Trump International Golf Club in Florida.

This second assassination plot was recorded at the end of last week and affected the prices of BTC and ETH. Quoted from Decrypt, the price of ETH at that time immediately fell by around 4.2% to reach $2,315 on Monday in the European trading session.

Not only was it influenced by the second murder of Trump by the Secret Service, the fall in ETH prices was also due to anticipation of a monetary policy decision by the Fed this weekend. The Fed's decision has made the crypto market a little anxious, especially towards the end of the third quarter of 2024.

The Fed is likely to cut interest rates so that DeFi returns are attractive enough to pay attention to. However, the focus is also on rebuilding the DeFi lending market on the Ethereum mainnet. This could be used as a pump against Ethereum's poor performance price.

ETH Price Keeps Going Down

Currently, the ratio of ETH to BTC pairs is at 0.039. This ratio is considered the lowest since April 2021. This decline in performance was analyzed starting on July 24 because the ETH/BTC pair fell below the ETH price range line between May 21 and July 24.

Please note, the ETH/BTC pair is the price ratio of ETh and BTC. The pair shows how much BTC is needed to buy 1 ETH.

The price of ETH to USDT also experienced a decline. When this article was written on September 17, ETH had decreased by -0.39%. Currently, the price of ETH is $2,307.

It can be seen from the Ethereum price chart above that the ETH RSI indicator is also falling below 50. Ethereum's RSI is at 43.24. This means that the selling pressure on ETH is much greater than the buying trend.

The MACD indicator also reflects something similar. It can be seen how the Ethereum MACD line drops from the boundary line. This makes ETH's bearish trend inevitable.

Conclusion

The ETH price chart is indeed in a sad decline at the moment. However, this does not rule out the possibility that Ethereum could rise because price fluctuations in the crypto ecosystem are commonplace.

You can buy ETH when the price is decreasing like now. However, you must conduct a thorough analysis before investing. You can also learn how to buy ETH.

Bitrue can help you to carry out a detailed analysis of ETH. Bitrue also has an ETH to USD price converter feature to find out exactly how much this crypto asset is worth compared to the current dollar.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

USDT on the TON Network: A Stablecoin on the Rise

This article will discuss about USDT's growth on TON, its role in the decentralized finance (DeFi) ecosystem, and how these developments may impact USDT's future as a whole.

Tether USD (USDT), a stablecoin pegged to the US dollar, has become a major player in the Open Network (TON) network.

USDT Supply in TON Reaches $729 Million

According to on-chain data analysis from CryptoQuant, the total USDT supply on TON has surged to $729 million in just four months after its integration. This significant increase shows the growing presence of stablecoins in the TON blockchain as the TON to USDT on Bitrue today around 5.7716 USD per TON increase 5% in daily basis 

If evaluated separately, USDT on TON would rank as the seventh largest stablecoin by market capitalization, highlighting its significant market position. The integration by the TON Foundation was critical in attracting stablecoin liquidity necessary for network expansion.

Simultaneously, the growing supply of USDT facilitates various financial transactions and supports wider adoption of TON.

Easier P2P Transfers for Everyday Transactions

Additionally, data shows that Tether USD on The Open Network blockchain has become highly effective for peer-to-peer (P2P) value transfer.

The average transfer amount, ranging between $15 and $100, represents frequent, small-scale transactions typical of everyday retail activity. This pattern suggests that users utilize stablecoins for routine financial interactions.

Furthermore, the consistently low median transfer fee of four cents on the TON blockchain ensures that these transactions remain economical for users. This affordability increases its appeal for P2P activities, encouraging its use in daily financial exchanges.

The Role of Tether USD in Decentralized Exchange (DEX) on TON

The decentralized finance (DeFi) ecosystem on the TON blockchain is also influenced by the presence of USDT. This stablecoin is widely used in decentralized exchanges (DEX), forming a core component of DeFi activity on these networks.

Additionally, platforms such as Ston.Fi, Dedust, and StormTrade are among the top entities facilitating transactions on TON.

These DEXs provide critical infrastructure for trading and liquidity provision, allowing users to engage in a variety of DeFi operations.

Moreover, the high usage of stablecoins on these exchanges underscores their importance in fostering an active DeFi environment.

The Future of USDT: Between Optimism and Challenges

Likewise, data on the number of transactions reveals significant user adoption of wallet applications focused on P2P USDT transfers. Wallet services such as XRocket, CryptoBot, Wallet Bot, and CWallet are leading the way in facilitating this interaction.

The recent launch of T-Fund by The Open Network sparked renewed optimism among investors and traders despite the challenges the Toncoin price has faced recently.

T-Fund is designed to accelerate ecosystem growth by supporting new projects and increasing network adoption.

Additionally, the recent UK High Court ruling declaring USDT as property could impact the future adoption of this stablecoin.

This ruling has the potential to reduce regulatory uncertainty and provide a clear legal framework for USDT, which could be seen as a positive sign for its legitimacy and stability.

However, the ruling could also lead to tighter regulatory scrutiny and tougher compliance requirements for Tether. 

Additionally, this ruling opens the door to more legal battles or claims against Tether, especially if inconsistencies are discovered in how it manages and reports its reserves.

Overall, the future of USDT on TON and overall seems promising, despite some potential regulatory challenges. 

Tether USD has proven itself to be a major player in TON, facilitating everyday financial transactions and supporting the growth of the DeFi ecosystem.  Wider adoption of USDT and clear regulatory developments will largely determine its future.

Conclusion

That is information about USDT. You can learn how to buy USDT by accessing the Bitrue website. Bitrue also has a convert feature so you can check prices from USDT to USD easily without having to switch websites.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

SEO Consultant Transforms Digital Landscapes for Businesses Across Industries

In an era where digital presence dictates business success, the role of Search Engine Optimization (SEO) has never been more crucial.

Kevin Dam, an SEO Consultant with a proven track record of transforming online visibility for businesses across various industries. With a robust portfolio and over a decade of experience, Kevin Dam has become a beacon of excellence in the world of SEO and digital marketing.

Unparalleled Expertise in SEO

As an SEO Consultant, Kevin offers comprehensive SEO services tailored to meet the unique needs of each client. These services encompass on-page optimization, off-page strategies, technical SEO, keyword research, and content marketing. By leveraging the latest tools and techniques that ensures his clients achieve and maintain top rankings on major search engines such as Google, Bing, and Yahoo.

"I believe in a data-driven approach to SEO," says Kevin Dam. "Every business is different, and so are their SEO needs. My goal is to create customised strategies that not only improve search engine rankings but also drive relevant traffic and increase conversions."

Customised Strategies for Diverse Industries

From small businesses to large corporations, Kevin Dam has successfully boosted the online presence of clients in diverse sectors including e-commerce, healthcare, finance, real estate, education, and more. By understanding the specific challenges and opportunities within each industry, Kevin crafts targeted SEO strategies that deliver measurable results.

One notable success story is NotTooBig, a mid-sized e-commerce company struggling with visibility in a highly competitive market. By conducting thorough keyword research, optimising product descriptions, and implementing a robust link-building strategy, Kevin Dam helped NotTooBig achieve a 200% increase in organic traffic within six months. This surge in traffic translated to a significant rise in sales and market share.

Cutting-Edge Tools and Techniques

Staying ahead in the fast-paced world of SEO requires constant learning and adaptation. Kevin Dam employs cutting-edge SEO tools and software to analyse and optimise websites. Tools such as Google Analytics, Semrush, Ahrefs, Moz, and Screaming Frog are integral to the process of identifying areas for improvement and tracking the success of implemented strategies.

"SEO is not a one-time effort; it’s an ongoing process," explains Kevin Dam. "I continuously monitor and adjust strategies based on the latest algorithm updates and industry trends to ensure my clients stay ahead of the competition."

Holistic Approach to SEO

Understanding that SEO is interconnected with other aspects of digital marketing, Kevin Dam adopts a holistic approach. This includes optimising for mobile devices, enhancing site speed, improving user experience (UX), and integrating social media marketing. By ensuring that all these elements work in harmony, Kevin Dam helps clients achieve a comprehensive and sustainable online presence.

Educating and Empowering Clients

Beyond providing SEO services, Kevin Dam is dedicated to educating clients about the importance of SEO and empowering them with the knowledge to make informed decisions. Through workshops, his online articles and one-on-one training sessions, Kevin Dam helps businesses understand the intricacies of SEO and how to leverage it for long-term success.

"I believe that knowledge is power," says Kevin Dam. "By educating my clients, I empower them to take control of their digital marketing efforts and make strategic decisions that benefit their business in the long run."

Commitment to Ethical SEO Practices

In an industry where unethical practices can lead to severe penalties, Kevin Dam is committed to maintaining the highest standards of integrity. All strategies employed are white-hat, adhering to search engine guidelines and focusing on sustainable growth.

"Ethical SEO is the foundation of my practice," states Kevin Dam. "I prioritise long-term success over short-term gains, ensuring that my clients’ websites are optimised in a manner that is both effective and compliant with search engine regulations."

Looking to the Future

As the digital landscape continues to evolve, Kevin Dam remains at the forefront of SEO innovation. With a keen eye on emerging trends and technologies, he is poised to help businesses navigate the challenges and opportunities of the future.

"I am excited about the future of SEO and the endless possibilities it offers for businesses," says Kevin Dam. "My mission is to continue providing SEO services that drive success and help my clients achieve their business growth goals."

About Kevin Dam

Kevin Dam is a seasoned SEO Consultant with experience since 2010 in the digital marketing industry. Specialising in SEO, he has helped numerous businesses improve their online visibility, increase organic traffic, and achieve higher sales and revenue. With a passion for excellence and a commitment to client success, Kevin is dedicated to delivering customised SEO solutions that drive results.

This press release has also been published on VRITIMES

HMSTR Token Listing Soon, Hamster Kombat Season 1 will End on 20 September

Hamster Kombat announced that its first season ends soon. Read this article to understand about HMSTR token launch time and learn how to get free Hamster Kombat airdrop.

Through its official account on X, Hamster Kombat announced that it would soon end its first season. Season 1 of Hamster Kombat will end on September 20 ahead of the token launch and airdrop next week.

Read this article till the end to understand in detail about the HMSTR token launch and learn how to get free Hamster Kombat airdrop.

Season 1 of Hamster Kombat Ends Soon

In a X account post shared on Tuesday, the Hamster Kombat team said that they will take a "snapshot" of players' earnings and in-game status at 6pm UTC on September 20 along with the end of season 1 of Hamster Kombat.

However, as previously confirmed, a second season of in-game rewards is planned for after the airdrop.

Hamster Kombat will launch its HMSTR token on The Open Network (TON) on September 26 and offer airdrop claims to players.

The game has previously claimed to have more than 300 million total players to date, with Telegram app data showing 94 million active players over the last month. This makes it the most played Telegram game so far.

Will TON Network be Down Again?

Although the launch of the Hamster Kombat token is highly anticipated by crypto gamers, this is also considered to have the potential to cause problems for TON itself.

TON experienced two periods of downtime in late August due to claims of other tokens for smaller projects, raising concerns that the magnitude of Hamster Kombat's drop could bring down the network again.

In fact, developer TON Core admitted last week in a Telegram post that the launch of HMSTR as well as the CATI Catizen token launched on September 20 may cause "more technical stress and perhaps some unforeseen issues" amidst a very interesting token drop attention.

Get the Hamster Kombat Airdrop

Hamster Kombat token registration will be accompanied by an event airdrop HMSTR. Not only is this done by Hamster Kombat, various crypto exchanges will released HMSTR tokens also celebrated the release by holding an airdrop event, including Bitrue.

At the moment Bitrue is holding a Hamster Kombat airdrop event. The event period was held from 13 to 27 September, the day after the release of Hamster Kombat on the Bitrue market.

Event airdrop Hamster Kombat Bitrue has prizes of up to 10,000,000 HMSTR tokens specifically for Bitrue users. So, make sure you register on the Bitrue page listed so that you are eligible to take part in this airdrop event.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Karaoke Manekineko to Host Anime Song Singing Competition – First Qualifier on September 21st, 2024

 

 Anime lovers and singers, mark your calendars! The much-anticipated Anime Song Competition 2024 is kicking off its qualifying rounds on September 21, 2024, at the Karaoke Manekineko Avenue K outlet, from 12:00 PM to 5:00 PM.

Anime music enthusiasts and karaoke fans are in for a treat as the Anime Song Competition 2024 is officially open for registration. Organized by Karaoke Manekineko and supported by Pepsi, the competition is set to showcase the best anime song performances across several rounds, culminating in a grand finale.

The competition kicks off with the Adult Qualifying Round on:

- 21st September 2024 (Saturday) at Karaoke Manekineko Avenue K, 12PM–5PM.

Other qualifying rounds will take place on:

- 20th October 2024 (Sunday) at Karaoke Manekineko Berjaya Times Square, 12PM–5PM.

- 16th November 2024 (Saturday) at Karaoke Manekineko Bukit Bintang, 12PM–5PM.

The Adult Final will take place on:

- 14th December 2024 (Saturday) at Karaoke Manekineko Berjaya Times Square, 12PM–5PM.

Participants stand a chance to win:

- 1st Prize: RM3000

- 2nd Prize: RM2000

- 3rd Prize: RM1000

- Consolation Prize: RM200

Registration is now open and will close by 6th October 2024. Participants are encouraged to sign up early to secure their spot in this exhilarating competition.

How to Register:

1. Scan the QR code above or click here to access the registration form.

2. Record a 30-second performance of your chosen anime song.

3. Send the video file directly to our mailbox at marketing.karaokemanekineko@gmail.com. Ensure the file size does not exceed 25MB.

4. Include your name when submitting the video.

5. Fill out the registration form with all required information. If you are selected for the qualifying round, we will contact you with further details.

Competition Rules & Regulation

1. Categories: 

Participants aged 13 years and above.

2. Eligibility:

- Open to all Malaysians and foreigners with a valid passport.

3. Performance Requirements:

- Each participant must present a 30-second segment of their chosen anime song and email it to: marketing.karaokemanekineko@gmail.com.

4. Rights and Permissions:

- Karaoke Manekineko reserves all rights related to the competition, including but not limited to the use of recordings, photographs, and videos of participants.

- By participating, candidates agree to be recorded during both the qualifying rounds and the final competition.

- Karaoke Manekineko reserves the right to change, modify, or amend these rules and regulations at any time without prior notice.

5. Song Selection:

- Participants must choose and perform a song related to anime.

Don’t miss this opportunity to belt out your favorite anime tunes and stand a chance to win exciting prizes! Join fellow anime fans and singers for an unforgettable day of music, fun, and friendly competition.

For more information and updates, visit our website or contact us at marketing.karaokemanekineko@gmail.com

About Koshidaka International KL Sdn Bhd

Koshidaka International was incorporated in 2021 at Kuala Lumpur, Malaysia as a full subsidiary of Koshidaka Holdings. The company serves as a management consultancy arm for the Karaoke Manekineko operations in Malaysia, Thailand, and Indonesia. Karaoke Manekineko is a friendly and safe environment for Karaoke that is designed to accommodate a diverse range of customers, from families with young children to groups of friends and corporate teams.

 

This Press Release has also been published on VRITIMES

Grayscale XRP Trust: An Important Step for XRP

  

Grayscale Investments introduces Grayscale XRP Trust. How does it affect the price of XRP? How does it benefit users? Check out the explanation below.

Grayscale Investments, a company known for its cryptocurrency-based products, has introduced the Grayscale XRP Trust. This product allows accredited investors to invest directly in XRP.

The XRP community, including Ripple CEO Brad Garlinghouse, has welcomed this move.

So, how does the Grayscale XRP Trust benefit users and impact the future of XRP in the crypto ecosystem? Understand in detail by reading this article to the end.

What is the Grayscale XRP Trust?

The Grayscale XRP Trust is an investment vehicle that allows investors, primarily institutional and accredited investors, to participate in the growth of XRP.

Think of it like a special container containing XRP. By purchasing shares in this trust, investors indirectly own a share of the XRP that is in the trust.

The launch of the XRP Trust by Grayscale is considered a significant step for the development of XRP. This shows increased investor confidence in this token and its future growth potential.

Garlinghouse also emphasized that XRP has the potential to attract interest from institutional and retail investors.

Why is the Grayscale XRP Trust Important?

There are several reasons why this project is very important, especially for users, one of which is because it makes it easier to access XRP. See the explanation below for more details.

1. Easy Access to XRP

Not all investors have the technical knowledge or infrastructure required to purchase and store XRP directly.

The Grayscale XRP Trust simplifies this process. Investors only need to purchase trust shares, and Grayscale will manage their XRP holdings.

2. Legitimacy and Trust

Grayscale is a well-known asset management company with a good reputation. By launching the XRP Trust, Grayscale provides additional legitimacy to XRP and attracts greater interest from institutional investors.

3. Growth Potential

XRP has great potential as an efficient cross-border payment tool. If XRP manages to reach this potential, the value of the XRP Trust could also potentially increase.

4. Portfolio Diversification

Investors can use the XRP Trust to diversify their investment portfolio. XRP offers a unique asset class with different profit potential than traditional assets.

Grayscale Plans to Turn XRP Trust Into an ETF

Grayscale has ambitions to turn the XRP Trust into a spot exchange-traded fund (ETF) in the future.

This is in line with steps that have been taken previously with their Bitcoin and Ethereum Trust products.

Impact of XRP Trust Launch on XRP Price

The launch of the Grayscale XRP Trust had little impact on XRP price. When this article was written, XRP had increased by +2.97% bringing the price to $0.5856. This increase is not a rare phenomenon due to the launch of a new project.

However, the existence of this project from Grayscale proves that XRP is indeed a strong digital asset that has received investment from large companies. So, don't be surprised if buy XRP is something that should be taken into account for long-term investment.

Ripple CEO Optimistic about XRP's Future

Brad Garlinghouse, CEO of Ripple, expressed optimism about the future of XRP. According to him, the approval of XRP in the United States will be a key factor in its global expansion.

Garlinghouse believes that with a clear roadmap, XRP will be able to attract the interest of investors from all over the world.

Apart from that, the benefits of the Grayscale XRP Trust are:

1. Increased Liquidity: As more investors become interested in XRP through these trusts, XRP market liquidity will increase.2. Wider Adoption: The XRP Trust can accelerate the adoption of XRP among institutions and large investors.3. XRP Position Strengthening: XRP will be increasingly recognized as a serious digital asset with huge growth potential.4. Innovation Driver: The interest of institutional investors will encourage further development of the XRP ecosystem.

Challenges and Hope

Although Grayscale has plans to convert its XRP Trust into an ETF, this is still subject to approval from the SEC.

However, the XRP community remains optimistic that with a favorable court ruling for Ripple, the chances of getting this approval are greater.

Conclusion

That's the explanation about Grayscale XRP Trust. Grayscale's latest project with XRP is an important step in the development of XRP. With this trust, investors can invest directly in XRP.

Additionally, Grayscale's plans to convert the trust into an ETF indicate greater growth potential in the future. Even though there are still challenges that need to be faced, optimism towards XRP continues to increase along with positive developments that occur.

You can access XRP as a crypto asset on the Bitrue website and learn how to buy XRP. There are various XRP pairs that you can check, such as XRP to USDT, BTC, ETH, to USDC. You can also do a price converter XRP to USD easily on Bitrue. That way, you don't need to bother switching websites just to check how digital assets are priced in USD.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Bitcoin Drops to $53,000 Due to ETF Sell Pressure Heading Into the Weekend

On-chain analyst Ali Martinez has recently issued an important warning regarding the current Bitcoin market conditions. Based on a two-month chart analysis, the TD Sequential indicator, commonly used to identify potential turning points in market trends, shows concerning sell signals. This signal suggests a possible reversal from the bullish trend that has recently strengthened. This warning comes amidst ongoing uncertainty in the crypto market, where sharp price fluctuations have become commonplace.

Martinez explains that the $51,000 support level is critical for investors to watch.  If Bitcoin falls below this level, there is a significant risk that the price could continue to decline, potentially reaching $40,600. Such a decline could result in substantial losses for investors who have not taken preemptive measures. This prediction underscores the importance of the $51,000 support level in maintaining Bitcoin’s price stability and highlights that the crypto market remains highly volatile and susceptible to drastic changes. Martinez advises investors to remain vigilant and consider the risks associated with the current market uncertainty.

A drop below this support level could have a significant impact on Bitcoin (BTC) and potentially affect the broader crypto market. If BTC fails to maintain this critical support level, increased selling pressure could lead to further declines, not only impacting Bitcoin’s price but also potentially causing a domino effect on other crypto assets. This impact could create instability across the market, reduce investor confidence, and trigger panic selling.

Currently, Bitcoin is trading at $54,630, reflecting a 3.54% decrease over the last 24 hours, according to CoinMarketCap data. This price drop reflects market concerns about Bitcoin’s ability to hold its key support level. The high volatility and negative sentiment surrounding this price drop emphasize the need for caution among investors. Given the potential widespread impact of this decline, it is crucial for market participants to closely monitor price movements and market sentiment in the coming days.

CryptoPotato reports that over the last five trading days, the crypto market experienced a massive outflow of $277.2 million. This situation has further exacerbated the market's existing pressures. The outflow reflects investor concerns and uncertainties, leading them to withdraw their funds from the crypto market. Despite various influencing factors, the sheer volume of this outflow indicates a significant lack of confidence in the current market stability.

Interestingly, this event occurred despite September 2 being a national holiday in the United States. National holidays are generally expected to provide some respite from market pressures, but this time, the situation was different. The large outflow still occurred, signaling that investor uncertainty and concerns are not limited by regular trading days. This highlights the fragility of current market sentiment and how global factors can influence investment decisions even during trading activity breaks.

Overall, this report underscores the importance of understanding market dynamics and factors that can influence short-term price movements. Market participants need to stay alert and be prepared for potential volatility resulting from these massive outflows. It also serves as a reminder for investors to continuously monitor the latest developments and make investment decisions based on thorough analysis.

During this period, investors made substantial withdrawals in several days. On Tuesday, they withdrew $287.8 million, followed by $37.2 million on Wednesday. Withdrawals continued with $211.1 million on Thursday and reached $170 million on Friday. Among the entities affected, FBTC Fidelity recorded the largest losses, adding to the market’s existing burden.

The total outflow during this period reached a significant $706.1 million, extending the negative streak to eight consecutive days. This is the longest recorded period of decline, indicating deep concerns among investors and impacting the overall market stability. The continuous withdrawal trend reflects widespread uncertainty and the potential long-term impact on the dynamics of the crypto market.

For novice traders looking to start investing in Bitcoin, now might be an opportune time. You can track Bitcoin prices through the Nanovest app, which offers a comprehensive selection of crypto assets. Nanovest provides up to 600 crypto asset options and allows investors to start with a small capital of just 5,000 rupiah.

If you're interested in crypto asset investment, Nanovest could be a suitable choice as it offers over 2,000 U.S. stocks and more than 600 crypto assets. Take advantage of the current market movement by investing through Nanovest! For those interested in using Nanovest, the app is available on both the Play Store and the App Store.

Tentang NANOVEST

Nanovest (PT Tumbuh Bersama Nano) is a platform-application-based, which makes it easier for customers or users to access digital asset transactions, including United States stocks, crypto assets, and digital gold. We aim to revolutionize the way young people invest to achieve their financial freedom. Nanovest officially registered with the Commodity Futures Trading Supervisory Agency (BAPPEBTI).

This press release has also been published on VRITIMES