The highly anticipated documentary “Vitalik: An Ethereum Story” will premiere in September. This film offers an in-depth look into the life of Vitalik Buterin, the co-founder of the Ethereum (ETH) blockchain, and the transformative journey of his groundbreaking project.

The documentary is part of the “Ethereum Stories” initiative, which includes a series of short films, also set to release in September 2024.

Vitalik Buterin and Ethereum’s Journey Through the Lens

After more than three years in the making, the documentary promises to reveal the human side of the Ethereum phenomenon. According to IMDB, the directors, known for their previous work on “The Meme Economy,” began filming in 2021 when they first met Buterin. The project gained significant support through the crowdfunding platform Mirror.xyz, raising 1,035.96 ETH, equivalent to $2.9 million.

Read more: Who Is Vitalik Buterin? An In-Depth Look at Ethereum’s Co-Founder

“Vitalik: An Ethereum Story” documents technological advancements and emphasizes the people and emotions driving the Ethereum movement. The filmmakers aimed to create a narrative accessible to community members, crypto enthusiasts, and skeptics alike.

The film directors Zach Ingrassi and Chris Temple captured key moments in the crypto industry. These events include the NFT boom, geopolitical turmoil, and the massive software upgrade known as Ethereum 2.0.

“During the rollercoaster of 2021-2023, the Ethereum community experienced some serious growing pains. But no matter the chaos and challenges, Vitalik remained an anchor, steadfast in his vision for an open internet accessible to all,” the team wrote in their blog.

The documentary’s official trailer will debut on July 23 on the Zora network. This trailer also allows viewers to support the film’s distribution through minting tokens. An on-chain ticketing event will start on July 26, allowing buyers to watch the documentary for 30 days on ethereumfilm.xyz.

The world premiere is scheduled for September 18, with a broader theatrical release planned for the fall of 2024. The documentary will also be available on traditional streaming platforms in the winter of 2024/2025. This release will be accompanied by an extensive marketing campaign to reach a diverse audience and expand the film’s impact beyond the crypto community.

Read more: How to Buy Ethereum (ETH) and Everything You Need to Know

This documentary follows a growing trend of films exploring the crypto industry. Recently, Bloomberg journalists produced a documentary on Sam Bankman-Fried, founder of the defunct crypto exchange FTX. 

Additionally, in 2022, Coinbase released a film about its success story, available on platforms like iTunes, YouTube, Google Play, and Vimeo. These films highlight the increasing interest in and significance of the crypto industry in mainstream media.

Contrasting Bitcoin’s recent decline to $53,500, Andrew Tate’s Daddy Tate (DADDY) meme coin demonstrates resilience, suffering only a modest 5.64% drop over the past 24 hours. This occurs as the broader cryptocurrency market crashes, with major players like Ethereum (ETH) and Solana (SOL) taking sharp dives.

Meanwhile, Tate’s other meme coin, Real Nigger Tate (RNT), is up by over 17%. His meme coins surge amidst anticipation of an airdrop.

Andrew Tate Shares Plans For The Real World (TRW) Token

According to data from DEX Screenr, DADDY’s market capitalization has reached approximately $115 million, surpassing the 50,000-holder mark. This milestone is significant, particularly as Bitcoin endures its second-largest liquidation event in history.

Tate has teased even grander aspirations, forecasting a $1 billion market capitalization for the meme coin.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

Amidst this, Andrew Tate, a controversial social media influencer, has announced an airdrop of The Real World (TRW) token, backed by his educational business. Tate claims that the value of TRW is directly linked to his enterprise’s profits, which reportedly amass about $20 million monthly.

“This token is going to be backed by the profits of the real world. Depending on how much of the tokens you own, depends how much of The Real World you own. If you own 1% of the token supply, you own 1% of The Real World,” Tate elucidated.

However, this bold initiative has not escaped scrutiny. Crypto investor Luke Martin voiced concerns about potential regulatory challenges from the US Securities and Exchange Commission (SEC).

“He either makes 9 figs or gets a 9 fig legal battle with the US government. Bold strategy,” Martin said.

Despite potential legal complications, Tate confidently asserts his readiness to handle SEC inquiries.

“If you knew the names working with me to handle SEC obligations, you wouldnt worry,” Tate said.

Conversely, on-chain analytics platforms like Lookonchain and Bubblemaps have raised alarms about insider activities connected to DADDY. Lookonchain highlighted a notable transaction in which an insider sold 15.14 million DADDY coins for about $1.74 million after acquiring them for merely $1,950. This transaction resulted in a profit magnification of nearly 2,875 times.

Read more: Crypto Scam Projects: How To Spot Fake Tokens

Moreover, Bubblemaps identified dubious trading patterns near DADDY’s launch, revealing that insiders had secured 30% of the total supply before Tate’s promotional activities commenced.

Bitcoin’s (BTC) price led the crypto market’s decline amid the bearish macro-financial market conditions. Ethereum (ETH) followed suit and fell to a multi-month low this week. Ripple (XRP) faced a similar fate, breaking through critical support and becoming oversold.

Bitcoin’s Price Below $60,000

Bitcoin’s price has been influenced by broader market trends, resulting in a sharp decline. Over the past few days, BTC has dropped from $61,500 to approximately $54,500 at its lowest this week. This is the first time the cryptocurrency has fallen below $55,000 since the end of February.

Although discouraging, this decline was anticipated by BeInCrypto towards the end of June. The double-top pattern suggests that BTC could potentially fall to $50,980, a level that is now within reach.

Read More: Bitcoin Halving History: Everything You Need To Know

Should Bitcoin’s price reach $50,980, it would represent a 17% decline from the neckline at $61,483. A bounceback would warrant reclaiming $55,000 as the support floor, and breaching $58,800 would invalidate the bearish thesis.

Ethereum (ETH) Loses Recent Gains

Ethereum’s price dropped 14% over the last couple of days, falling from $3,450 to $2,921 at the time of writing. ETH also lost the critical support of $3,000, nearly reaching $2,800 during the intra-day low. 

This drawdown resulted in the second-generation cryptocurrency losing all the gains it noted during the mid-May rally when ETH validated the descending wedge pattern. Although a further drop in price is not expected for ETH, the altcoin will likely hover within the 23.6% and 38.2% Fibonacci Retracement lines.

Read More: How to Invest in Ethereum ETFs?

Breaching the latter will take some time, but that would confirm recovery. Reclaiming $3,500 as support would completely invalidate any potential additional losses.

Ripple (XRP) Is Oversold

XRP price is no exception as the altcoin also witnessed a 14% drawdown resulting in losing $0.45 as a support floor. As the crypto asset hit lows of $0.41, the bearishness peaked and likely saturated as well. 

This is visible in the Relative Strength Index (RS) slipping into the oversold zone. The RSI is a momentum oscillator that measures the speed and change of price movements. Traders typically use it to identify overbought or oversold conditions in a market.

Oversold conditions are synonymous with recoveries since losses are at their highest, preventing further selling.

Read More: Ripple (XRP) Price Prediction 2024/2025/2030

This signals a potential bounce back for XRP, which will likely reclaim $0.42 as support over the weekend. However, the bearish trend would be invalidated only if the altcoin rises above $0.46 again.