cryptocurrency
* The U.S. risks falling behind in stablecoin regulation compared to other jurisdictions worldwide. * Circle's Vice President, Yam Ki Chan, highlighted the lack of clear regulations at the national level in the U.S. * EU and Hong Kong have established unified approaches for stablecoin regulation. * Circle becomes the
agglayer
* Polygon aims to unify the entire Web3 space, including all blockchain networks. * They plan to achieve this through their AggLayer, a cross-chain interoperability protocol. * AggLayer aims to connect all blockchain networks, including Ethereum and Solana. * Polygon recently upgraded their token to become the new Polygon Ecosystem Token (POL). * The AggLayer
bitcoin
* U.S. spot Bitcoin ETFs saw $37.29 million in outflows, extending negative flows for six days. * Grayscale's GBTC led the outflows with $34.25 million, while Bitwise's BITB saw net inflows of $9.46 million. * Fidelity's FBTC and VanEck's HODL also
bitcoin
* Ether futures volumes on CME declined 28.7% in August, reaching the lowest level since December 2023. * Volume in ether options also fell 37% in August. * This decline suggests lower institutional interest in ether, potentially due to the launch of spot ETH ETFs and seasonality effects. * In contrast, bitcoin futures
attack
* The DeFi project Pendle successfully protected around $105 million in funds following a hack on its ecosystem. * Coordinated efforts from multiple parties mitigated further breaches and normal operations have resumed. * The attacker exploited Penpie's protocol for $27.3 million, exchanging stolen assets for 11,109 ETH. * The root
crypto
* Decentralized finance (DeFi) protocol Sky's new stablecoin could have a decentralized court-like appeals process. * The stablecoin USDS won't have a freeze function at launch but can be upgraded with it later. * If the freeze function goes live, users can tap into decentralized governance for transparency. * The
gas
* Polygon has executed a technical upgrade to replace its MATIC token with the new POL token. * The upgrade will enhance the utility of the token and make it the native gas and staking token for the Polygon network. * The migration will allow the community to participate in the network'
cryptocurrency
* Former Mt. Gox CEO Mark Karpeles to launch new crypto exchange called EllipX in Europe. * EllipX aims to promote transparency and comply with EU regulations. * Karpeles plans to offer fee discounts to former Mt. Gox users as reparations. * EllipX will focus on user-friendliness and transparency, compartmentalizing different working bodies of
bitcoin
* Riot Platforms, the largest shareholder of Bitfarms, has issued an open letter to Bitfarms' shareholders, calling for additional changes to the company's board of directors. * Riot holds a 19.9% stake in Bitfarms and proposes the election of two independent directors, Amy Freedman and John Delaney. * Riot
blockchain
* Mysten Labs plans to deliver the SuiPlay0X1 handheld gaming device integrated with the Sui blockchain by the first half of 2025. * Preorders for the $599 device are now available, with the first batch expected to ship in the first half of 2025. * The SuiPlay0X1 will showcase seamless integration of blockchain
aave
* Sky Aave Force is a joint initiative between Sky and Aave to accelerate DeFi adoption. * The proposal includes integrating Sky's stablecoins into Aave V3 with rewards and new market integrations. * Airdrop and debt ceiling incentives aim to boost adoption and liquidity. * Aave and Sky agreed to a 50/
cryptocurrency
* Donald Trump and his sons are involved in a cryptocurrency project called World Liberty Financial. * The project includes a borrowing and lending service similar to a recently hacked app called Dough Finance. * World Liberty Financial will introduce a new cryptocurrency called WLFI. * The project aims to highlight the power of