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- We are here to help the crypto community and provide the recent crypto news and market analysis by the experts. We have been in the market since 2013. ⚡️ Owner: @napoleon
L2 networks saw a 15.3% drop in TVL in August, despite a 15.1% rise in total transactions — link
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Surveys released by Visa and others show that the use of stablecoins in cross-border payments, remittances, commodity payments, salary payments, etc. has increased significantly. In the first half of 2024, the value of global settlement via stablecoins reached $2.62 trillion, and is expected to reach $5.28 trillion for the full year. — link
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JUST IN: Grayscale to launch $XRP trust fund.
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eToro settles with SEC, will halt trading of most crypto assets after unregistered broker charges. - sec.gov
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According to FOX Business, Grayscale will launch the first XRP trust fund in the United States. Grayscale has released a four-stage product life cycle plan for its XRP trust fund, and may seek regulatory approval to convert it into an ETF in the future. — link
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SEC: eToro Reaches Settlement with SEC and Will Cease Trading Activity in Nearly All Crypto Assets
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eToro Reaches Settlement with SEC and Will Cease Trading Activity in Nearly All Crypto Assets: SEC
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Grayscale to launch first US XRP trust, paving way for potential ETF — link
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Coinbase introduces cbBTC, a Bitcoin-backed ERC20 token available on Base and Ethereum to expand Bitcoin usability. - Coinbase
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Coinbase Launches Wrapped Bitcoin (cbBTC) on Ethereum and Base: Blog
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Singapore's Parliament passed an amendment to the Casino Control Act on September 10, which includes a ban on the use of cryptocurrencies in casinos, mainly for the purpose of preventing money laundering and other related criminal activities. — link
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Vitalik posting he will only publicly mention L2s that are following through on decentralization - x/@VitalikButerin
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According to Forbes, Flowcarbon, a startup co-founded by former WeWork CEO Adam Neumann, is returning investor funds because Goddess Nature Token was not issued. Flowcarbon announced in May 2022 that it had completed a $70 million financing, of which at least $38 million came from token sales. a16z and Samsung NEXT participated. — link
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On September 11, the total net outflow of Bitcoin spot ETFs was 43.9656 million US dollars. ARKB outflow was 54.03 million US dollars, Grayscale ETF GBTC outflow was 4.5935 million US dollars, and Fidelity ETF FBTC inflow was 12.5737 million US dollars. — link
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Stablecoins evolve beyond Crypto, emerging as key financial infrastructure. - castleisland.vc
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JUST IN: 🇺🇸 eToro settles lawsuit with SEC agreeing to limit crypto trading in the US.
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FYI: 🟠 Base model iPhones priced in terms of bitcoin at the time each of them were first released 📲
The iPhone 16 will be the cheapest brand new iPhone to date!
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Limit their offerings to only three crypto assets - Bitcoin, Bitcoin Cash, and Ether.
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eToro reaches settlement with SEC and will cease trading activity in nearly all crypto assets — link
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eToro Reaches Settlement with SEC and Will Cease Trading Activity in Nearly All Crypto Assets
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Grayscale will announce the launch of the U.S.’s first XRP trust, a so-called "closed-end" fund that will offer accredited investors direct exposure to XRP.
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@EleanorTerrett: 🚨SCOOP: Grayscale to launch first US XRP trust, paving way for potential ETF
@Grayscale is announcing the launch of the U.S.’s first XRP Trust, a so-called “closed-end” fund that will offer accredited investors direct exposure to $XRP.
foxbusiness.com/markets/graysc…: Twitter
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Coinbase launches Wrapped BTC (cbBTC) on Ethereum and Base — link
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Next week the Fed rate cut expectations are gradually converging, and currently from the interest rate trading data provided by the CME, the probability of next week's rate cut of 25 bps is 87%, and the probability of a rate cut of 50 bps is only 13%. Meanwhile, options data shows a significant decline in IVs across all major terms, with market volatility expectations falling short. — link
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A new article by Swift: Streamlining the global movement of digital assets and currencies - swift.com
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Ethereum L1 protocol revenue from Layer 2s is almost zero since the Dencun upgrade — link
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Vitalik: Starting next year, I plan to only publicly mention L2s that are stage 1+. Multiple ZK-rollup teams have told me they're on track to be stage 1 by year end. Stage 1 (75% threshold on council to override the proof system, 26%+ of council must be outside the rollup team) is a very reasonable moderate milestone. — link
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FTX/Alameda associated wallet H4y...gFZ redeemed 177,693 SOL (US$23.75 million) from Solana PoS staking today, and may transfer SOL to CEX in the future. H4y...gFZ address currently still has up to 7.057 million SOL (US$943 million) in staking. Most of the SOL held by FTX may have been sold through OTC. — link
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