bitcoin
* BTC falls to lowest level since August 8, erasing gains from past month. * CoinDesk 20 index drops nearly 6%, with solana's SOL and ether (ETH) leading losses. * U.S. and Asian equity markets see major stocks tumble nearly 10%. * Nasdaq 100 and S&P 500 fall as
ethereum
* Matter Labs, the company behind Ethereum scaling network ZKsync, has laid off 16% of its workforce. * The decision was made due to changing market conditions and the need to align talent with business needs. * The layoffs impacted 24 employees, but the company is still hiring for critical roles. * Former employees
bitcoin
- Investors pulled $319 million out of Bitcoin ETFs as bets on price drop increased. - Short Bitcoin investment products received $4.4 million, highest since March. - BlackRock's iShares ETF saw inflows of over $219 million, bucking the trend. - Strong US economic data reduced likelihood of
ethereum
1. Ethereum layer-1 network revenue has dropped by 99% since March 2024. 2. Monthly users and daily transaction costs on layer 2s have increased despite the revenue decline. 3. Network fees reached their highest levels for the year on March 5, 2024, at $35.5 million. 4. The Dencun upgrade
bitcoin
* The bearish environment in early August may have set a tactical bottom for Bitcoin. * Looser monetary policy in the US could create a more favorable environment for Bitcoin. * Fed Chair Jerome Powell's comments indicate a reversal in monetary policy is likely imminent. * Bitcoin's price dropped nearly
base
* Party on Base makes it easy to create NFTs, launch tokens, and join onchain collectives. * Party Sets allows creators to design and launch mixed-rarity NFT collections on Base. * Creators can customize minting probabilities and set specific deadlines for minting. * Party Tokens offers a streamlined way to launch ERC-20 tokens on
The Big Talk
As part of our "season" on blockchain abstraction, a term that refers to hiding the technical complexities involved in using blockchain, we chose to talk to Vaibhav Chellani, one of the co-founders of Socket. This start-up, launching in 2021, allows developers to build chain abstracted protocols that can
atm
1. Australia has experienced a 17-fold increase in crypto ATMs in the past two years, making it one of the fastest-growing markets globally. 2. Australia now has 1,162 crypto ATMs, making it the world's third-largest market. 3. Authorities in Australia have identified crypto ATMs as a money
The Big Talk
It's the surprise of recent months in decentralised finance (DeFi). Deployed on Ethereum in June 2021, Pendle has found success by riding the wave of point-based airdrops (EtherFi, EigenLayer, Mode, etc.) Its total embedded value (TVL) rose from around $250 million to $6.7 billion at its peak
The Big Analysis
Overview 🧬 Bitcoin is the oldest cryptocurrency, having celebrated its 15th anniversary in early 2024. This longevity has enabled the network to gradually decentralise and prove its robustness, having only experienced one rollback (cancellation of a transaction) in August 2010. The security of the Bitcoin network is its main strength. It
arrest
* TRON (TRX) surpasses Toncoin (TON) to become the 10th largest cryptocurrency by market cap. * Pavel Durov, founder and CEO of Telegram, was arrested in France, causing a drop in TON's price. * Telegram claims to abide by EU laws and improve content moderation. - Sundog (SUNDOG), a meme coin
buterin
* Ethereum co-founder Vitalik Buterin has expressed his views on decentralized finance (DeFi), praising certain aspects but criticizing unsustainable products. * Buterin's comments have sparked frustration within the Ethereum community, with some accusing him of not fully supporting DeFi. * However, some Bitcoiners have found common ground with Buterin's