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Solana reduced the price of Saga to $599.
https://twitter.com/solanamobile/status/1689305794049634304
Jury trial dates set for next year in Ripple case.
The SEC and Ripple will have until Dec. 4 of this year to submit motions in limine.
https://www.theblock.co/post/244015/jury-trial-dates-set-for-next-year-in-long-winded-ripple-case
Telegram Wallet announces the launch of a Telegram-integrated self-custodial wallet in developers beta.
The self-custody wallet will give users complete control over their digital assets and allow developers to integrate their TON-based apps and bots into TON Space.
The consumer launch is scheduled for Q3 2023.
/channel/toncoin/961
Compound has accepted the proposal to launch the USDC-BASE bridge.
0x Swap is now live on Base.
https://compound.finance/governance/proposals/171
https://0x.org/post/0x-swap-api-is-now-live-on-base
DAO Maker has announced its next SHO — Kryptonite.
Kryptonite is the primary LSD provider on SEI, with built-in lending and collateralized stablecoin minting.
Public Round Details
Start: open now
Deadline: 11.08. 16:00 UTC
SHO Raise: $150,000
Currency: DAO
DAO Round Details
Start: open now
Deadline: 13.08. 17:00 UTC
SHO Raise: $650,000
Currency: BUSD
https://daomaker.com/company/kryptonite
Aptos Labs has announced a new partnership with Microsoft.
Aside from the two companies exploring “innovative solutions” related to asset tokenization, digital payments and central bank digital currencies, Aptos will also utilize Microsoft’s Azure OpenAI Service.
The APT price has increased by 18% in the moment.
https://www.theblock.co/post/243893/microsoft-aptos-digital-payments-tokenization
Tuesday’s total aggregate open interest (OI) for bitcoin futures ballooned by more than $1 billion, marking the largest increase in more than a month, Coinglass data shows.
https://blockworks.co/news/bitcoin-open-interest-surges
⚡️New fundraising widgets are now available on Dropstab!
From investment trends to top categories, and even funding highlights, сheck them out now at 👇
https://dropstab.com/insights/latest-fundraising-rounds
PancakeSwap will make an announcement tomorrow, possibly integration on Base.
https://twitter.com/PancakeSwap/status/1688898200802041856
Tesla CEO Elon Musk's attorneys filed a motion to have a Dogecoin insider trading class-action lawsuit dismissed again.
https://decrypt.co/151752/elon-musks-silly-dogecoin-tweets-are-dragging-out-insider-trading-lawsuit-lawyers-say
The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities.
https://www.coindesk.com/policy/2023/08/08/fed-starts-new-program-to-oversee-crypto-activity-in-us-banks/
Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV.
When asked whether Paxos, which issues PYUSD for PayPal, has previously spoken with Elon Musk and X (formerly Twitter) about developing a stablecoin for the platform, Hessert didn’t answer the question directly and simply said that more projects are underway.
https://www.coindesk.com/business/2023/08/08/paxos-has-other-white-label-stablecoin-opportunities-in-the-works-in-addition-to-paypal-usd/
Coin98 has secured a seven-figure investment from DWF Labs to power-boost Web3 mass adoption.
The C98 price has increased by 17%.
https://twitter.com/coin98_wallet/status/1688857337531158528
Etherscan has announced the Blockscan Chat mobile app to chat with any Web3 address via wallet-to-wallet messaging.
https://twitter.com/etherscan/status/1688513492742189056?s=46&t=XsGoQWU3-I3dXiZv-PxcnA
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.17T. Bitcoin is trading at $29.2K
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Xsolla, a global video game commerce company, and Crypto.com have announced a partnership for the integration of Crypto.com’s checkout solution into Xsolla’s Pay Station platform.
https://crypto.com/company-news/xsolla-and-crypto-com-partner-to-integrate-payment-solutions
Upbit announced the listing of Stargate Finance.
After the news, the STG price has increased by 15%.
https://upbit.com/service_center/notice?id=3672
The U.S. Securities and Exchange Commission (SEC) will file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP.
In its filing, the SEC noted that Ripple will have to respond by Aug. 16, 2023 (a week from the letter's filing), and proposed filing an opening brief laying out the appeal on Aug. 18.
https://www.coindesk.com/policy/2023/08/09/sec-will-appeal-xrp-ruling-in-case-against-ripple-regulator-says/
Rollbit has announced a new tokenomics and a program for the redemption and burning of tokens.
The RBL price has increased by 45% per day.
Some important points for this update:
- Added revenue dashboard
- Revenue & RLB Lottery pool is updated hourly
- Staked Rollbots are locked for 30 days
- 10% of bought RLB is distributed hourly to staked Rollbots
- Burns will be automated on-chain in the near future
- RLB Lottery is now free to play (no RLB fee!)
https://twitter.com/Razer_Rollbit/status/1688968750635061249
Coinbase's Base mainnet officially opens to the general public.
https://www.theblock.co/post/243899/base-mainnet-onchain-summer
To help support a growing Web3 gaming project, the MultiversX Foundation has made a $100,000 commitment into the Knights of Cathena project development.
https://twitter.com/lucianmincu/status/1689278460651266048
The stablecoin market is expected to grow to $2.8 trillion of tokenized digital currency in the next five years from $125 billion today, broker Bernstein said in a research report.
https://www.coindesk.com/markets/2023/08/09/stablecoin-market-to-grow-to-almost-3t-in-next-5-years-bernstein/
Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.19. Bitcoin is trading at $29.7K
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Binance becomes first fully licensed crypto exchange in El Salvador.
https://www.binance.com/en/blog/ecosystem/binance-becomes-first-fully-licensed-crypto-exchange-in-el-salvador-348306456147004721
Former co-CEO of FTX Digital Markets Ryan Salame is in talks with federal prosecutors to plead guilty to criminal charges related to the collapse of the crypto exchange.
It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.
https://www.coindesk.com/policy/2023/08/08/former-ftx-exec-ryan-salame-talking-to-prosecutors-about-plea-deal-bloomberg/
The launch this week of PayPal’s stablecoin could benefit Ethereum, according to JPMorgan analysts.
Other crypto-native experts, however, have criticized PayPal for using Ethereum for its PYUSD stablecoin.
https://www.theblock.co/post/243720/jpmorgan-paypal-stablecoin-ethereum
💧Top DeFi Projects By Total Value Locked
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Huobi will soon list Paypal USD (PYUSD).
https://www.huobi.com/support/en-us/detail/44945804382445
Forbes: Tether’s billions are growing fast, but its reported profits seem to be shrinking.
https://www.forbes.com/sites/digital-assets/2023/08/07/tethers-billions-are-growing-fast-but-its-reported-profits-seem-to-be-shrinking/
Rumors: Justin Sun withdrew $200 million from JustLend to confirm reserves on Huobi.
https://twitter.com/adamscochran/status/1688733773938995201