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Hello traders. As our members know, we have had many profitable trading setups recently.   In this technical article, we are going to talk about another Elliott Wave trading setup we got in Silver (XAGUSD). The commodity has completed its correction exactly at the Equal Legs zone, also known as the Blue Box Area. In this…

Base network released a detailed postmortem revealing that its August 5 outage lasted 33 minutes, not the initially reported 19 minutes, caused by a failed sequencer handover in the network’s high-availability cluster. The Coinbase-backed Ethereum Layer 2 blockchain experienced a block production halt from 6:07 UTC to 6:40 UTC when an automated system called Conductor…

The Enforcement Directorate of India (ED) has raided 11 locations across multiple cities, including Delhi, in connection with a global crypto fraud case. The agency conducted the searches on Wednesday, following First Information Reports (FIRs) registered by the Central Bureau of Investigation (CBI) and the Delhi Police. Per investigations, fraudsters impersonated as police or investigating…

The Indonesian government is reportedly weighing the use of Bitcoin as a reserve asset, according to Bitcoin Indonesia, which met with officials from the Vice President’s office to pitch the idea as part of a broader national economic strategy. Key Takeaways: Indonesian officials are exploring Bitcoin as a potential national reserve asset. Discussions included using…

Bitcoin sits at $113,906 today with 24-hour volume nearing $58.5 billion. Despite a minor dip of 0.43%, big money continues flowing in. Galaxy Digital just reported a Q2 profit of $30.7 million, bouncing back from a $295 million Q1 loss. The turnaround was driven by a strategic boost in BTC holdings, now totaling 17,102 BTC…

A China security ministry has warned that foreign agents are using crypto schemes to collect sensitive biometric data, including iris scans, posing a threat to both personal privacy and national security. Local outlet Global Times reported Wednesday that the ministry outlined the growing risks tied to biometric technologies. It said recent cases have shown foreign…

Michael Novogratz says the rush to create companies holding cryptocurrencies on their balance sheets may have already peaked. The Galaxy Digital founder and CEO made the comments Tuesday during the firm’s second-quarter earnings call. “We’ve probably gone through peak treasury company issuance,” Novogratz said. “The question now is which of the existing companies become monsters.”…

Crypto markets broadly retreated after weaker-than-expected U.S. ISM Non-Manufacturing PMI data heightened stagflation concerns. Bitcoin fell 0.76% to $113,000, while Ethereum dropped 2.43% below $3,600 on early Asian trading hours. XRP is trading at $2.92, 4% down in the past 24 hours. Riskier sectors saw steeper losses, SocialFi plunged 6.04%, NFTs slid 5.56%, and meme…

Ex-Binance CEO Changpeng “CZ” Zhao has asked a bankruptcy court to dismiss him from a $1.76 billion clawback suit filed by the FTX trust. The now-bankrupt FTX claims that the funds were “improperly transferred” by Sam Bankman-Fried. According to Bloomberg Law, CZ claimed that he’s a resident of the United Arab Emirates and that the…

The ongoing cycle in Silver (XAGUSD), initiated from the April 7 low, continues to unfold as an impulsive Elliott Wave structure. Wave (3) of this impulse concluded at 39.52, as illustrated on the 1-hour chart. The subsequent pullback in wave (4) terminated at 36.17, exhibiting a zigzag internal structure. From the peak of wave (3),…