ETH developers revealed the final details for the network's final dress rehearsal before the long-awaited Merge, sending the asset up 14%.

Tim Beiko, the chief Ethereum developer, presented the last details before the Merge's final testing phase on July 28.

The most recent proof-of-stake testnet transfer will take place on the Goerli testnet, which is the most accurate simulation of the Ethereum mainnet. According to the statement, the Prater Goerli version of the Beacon Chain will be merged with the testnet between August 6 and 12 in an upgrade called Paris.

Prior to that, a Bellatrix upgrade is required to prepare Prater for the Merge with Goerl. This is scheduled to occur on August 4.

As the token reached its highest level since April on Thursday, Uniswap was trading more than 20% higher. This occurs while cryptocurrency markets are surging on Tuesday following the Fed rate announcement. On the back of the news, bitcoin cash rose to a six-week high.

The market capitalization of all cryptocurrencies is currently 6.51 percent higher. Following a low of $6.77 during Thursday's session, UNI/USD rose to an intraday peak of $8.72. It is highest since April 26.
In addition to that, BCH also traded in the green zone, rising by over 20%. BCH/USD surged to an intraday peak of $147.57.
Source: new.bitcoin

What are Trend Lines?

As the name suggests, trend lines are used in technical analysis to determine the direction of a trend. They’re drawn along the extreme points of the trend. If prices are consistently moving higher, then the trend line will be slanted upward. If the market is in a downtrend, then the trend line will be slanted downward. More importantly, trend lines are used to determine support and resistance levels. Support is the place where sellers stop selling and buyers start buying.

The opposite is true for resistance. Resistance is the ceiling on the chart that appears to hold prices down. Buyers see prices getting too high and they stop buying. Sellers begin to emerge because the asset is no longer moving higher.

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Ascending Trend Line:

Ascending Trend Line is an uptrend line or “support.” Drawing trend lines is easy. To identify an ascending trend, identify two or three common low points. These low points should be creating a succession of increasingly higher lows. Once you’ve spotted these low points, activate the trend line drawing tool on your charting software. Then, click at the lowest point on the trend. Make a second click toward the right at another common low point.

If your trend line doesn’t extend farther to the right after your second click, then you need to activate this setting to enable the extension of the line to the right. After you’ve set the ascending trend line, make sure the line is crossing through the outer edges of the candle wicks, and not through the bodies.

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According to Chainanalysis report, $2.2 Million has been donated to Pro-Russian groups in crypto.

Chainalysis believes more than $2.2 million worth of crypto assets have been acquired by pro-Russian paramilitary groups located in the Donbas region of Ukraine. More specifically, Chainalysis says the recipients were located in Donetsk and Luhansk.
Most of the cryptocurrencies donated thus far have been sent to just a few organizations in particular,” the Chainalysis report explains. “However, many more have received still-considerable sums. Five organizations have received over $100,000, 17 have received over $10,000, and 35 have raised more than $1,000 worth of cryptocurrency.”
Source: news.bitcoin

Drawing a descending trend line is similar to drawing an ascending line, but in the downward direction. Descending trend lines are found in down trending markets.

First, look for a crypto market that’s experiencing a consolidation where prices have been correcting lower. Second, look for two or three common high points within this correction that reflect a series of lower highs. Third, activate the trend line drawing tool on your chart. Click first at the leftmost high point, then make a second click toward the right to finish the line. Your drawn line should cover the higher extremities of the candle wicks, and not pass through the bodies.

Make sure the trend line is extended to the right.

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Almost 75% of retailers intend to accept bitcoin payments within the next two years.

Consumers are utilising cryptocurrencies to pay for anything from Starbucks to Lamborghinis, and shops are taking note.

According to a June Deloitte report headlined "Merchants Getting Ready for Crypto," nearly 75% of retailers aim to accept cryptocurrency or stablecoin payments within the next two years.

Deloitte polled 2,000 senior retail executives from a variety of industries, including cosmetics, electronics, fashion, transportation, food and beverage.

While digital currencies such as Bitcoin are often only as valuable as their users consider them to be, a stablecoin is a sort of cryptocurrency whose value is derived from an underlying asset. Stablecoins are frequently linked to currencies like the US dollar or commodities like gold.

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As crypto has started becoming a revolution, many countries are accepting it with wide arms. They are, in fact, becoming a part of the revolution. Meanwhile, a recent survey was conducted to assess the readiness of the countries toward the crypto market. So which are the top three countries that are considered to be most crypto-ready?
1. Hong Kong ranks first (crypto-ready score- 8.6/10) and is, thus, the most crypto-ready nation. It ranks in the top three for three of the categories they considered, including the number of blockchain startups per 100,00 people and the number of crypto ATMs proportional to the population.
2. The US (crypto ready score- 7.7/10) takes second place thanks to the huge number of crypto ATMs in the country, more than ten times that of its closest competitor, or 3.6 more per 100,000 people.
3. Switzerland (crypto ready score- 7.5/10). World-renowned as a centre for finance, the country ranks high thanks because of its crypto ATMs per 100,000 people and no capital gains tax.

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What is grid trading?

Grid trading is when orders are placed above and below a set price, creating a grid of orders at incrementally increasing and decreasing prices. In this way, it constructs a trading grid.

For example, a trader could place buy-orders at every $1,000 below the market price of Bitcoin while also placing sell-orders at every $1,000 above Bitcoin’s market price. This takes advantage of ranging conditions. Grid trading performs the best in volatile and sideways markets when prices fluctuate in a given range.

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São Paulo Paid $8 Million in crypto for a Banfield Player.

The Buenos Aires-based soccer team Banfield sold one of its best players (Giuliano Galoppo) to the Brazilian giant São Paulo. Interestingly, the latter paid the transfer sum in crypto instead of fiat, handing over approximately $8 million worth of USDC to the Argentinian club.

As a result, Galoppo became the first soccer player sold in exchange for digital assets in Argentina, while Bitso (a popular crypto platform in Latin America) mediated the deal.

Cryptocurrency prices have dropped significantly, numerous crypto projects have failed, many businesses are in financial difficulties and are no longer hiring, and the usual "crypto is dead" stories are making their way into mainstream media.

So, things are not looking up.

Those who have been a part of the crypto world for a while, on the other hand, are experiencing it today and have seen it all before.

They are aware of the cyclical nature of cryptocurrency, with bear and bull markets.

Prices rose by double digits daily during the bull market, which began in late 2020 and ended in late 2021.

At the time, it appeared that the market would only rise.

What should you do right now?

Panic?

Are you stressed and anxious?

Should you up your investment amount?

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Bitpay Adds APE and EUROC Support – Gucci Accepts Apecoin Payments

Bitpay has introduced two additional crypto assets to its payment platform after previously accepting digital currencies such as bitcoin, bitcoin cash, ethereum, xrp, dogecoin, shiba inu, and litecoin.

Along with those coins, Bitpay accepts a few stablecoin assets, such as Circle's USD coin (USDC). Bitpay's platform options were increased this week with the addition of apecoin (APE) and euro coin (EUROC).

Apecoin (APE) is well-known for being a crypto asset built for the "Otherside" metaverse of the Bored Ape Yacht Club (BAYC). The digital currency euro coin (EUROC) is a newly launched Circle stablecoin that is backed by the euro 1:1. (EUR).