BTC is currently trading around $25,700 and ETH around $1,650. Notable gainers in the last 24 hours are KAS, SNX, and XRD. The global crypto market cap is ~$1.08T, down 0.1% over the last day. DeFi Total Value Locked is ~$38b and BTC dominance is around 49%.
Notable news includes: Visa launched a pilot program enabling merchants to receive USDC payments via Solana; MetaMask integrated a ‘Sell’ feature enabling users to cash out their digital assets for fiat to send to their bank or PayPal accounts; Coinbase created a new overcollateralized crypto lending service for U.S. institutional clients; Genesis Global Trading will voluntarily shut down its spot trading services on September 18th; block production on Base was temporarily stalled as a bug was found and quickly remediated; Grayscale’s lawyers penned a letter to the SEC seeking a meeting “as soon as practical” to discuss the path forward for GBTC conversion; Circle partnered with Legend Trading to better serve LatAm and APAC institutional clients; Tether’s CTO claimed its the world’s 22nd largest holder of US T-bills; Bitfinex revealed it holds an undisclosed amount of bitcoin on its balance sheet; Zodia Markets gained in-principal approval to operate as a crypto broker-dealer in Abu Dhabi; Yuga Labs launched a 13-week-long puzzle-solving competition around its TwelveFold Ordinals project; Justin Bieber’s “Company” track is being released as an NFT with a partial royalty share; Stake resumed operations after its $41m exploit; Anoma Foundation revealed plans to launch a native blockchain for its privacy-focused Nomada Protocol; the nostr.com domain name is on sale for $5m; and, a Russian beauty salon became the first business to process a digital ruble payment.
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Authors:
Matt Kunke, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
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