Sky, formerly MakerDAO, to vote on completely removing wBTC from its ecosystem! 🎉

- Sky has $200 million in DeFi credit.
- wBTC enables Bitcoin to be used on other blockchains.
- BA Labs suggests reducing wBTC due to risks of Tron founder Justin Sun.
- 5-step plan to be voted on starting September 26.
- Alternative products may be added to the platform.

Sky users, share your thoughts in the comments! 💬
#DeFi#Blockchain #CryptoNews

eToro Settles with SEC: $1.5 Million Fine and Limited Crypto Trading

- eToro has pleaded guilty to charges it operated as an unregistered broker and clearing agent in a settlement with the U.S. Securities and Exchange Commission (SEC). 🚨
- The company will pay a $1.5 million fine and will only be able to trade Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH).
- The settlement hints at which digital assets the SEC does not consider securities.
- eToro has 240,000 customer accounts in the U.S., compared to Coinbase’s 100 million accounts.

Share your thoughts in the comments! 💬

Vitalik Buterin, one of the founders of Ethereum, has made a new decision about Layer 2 networks. Buterin announced that from 2024 onwards, he will only mention projects that are sufficiently decentralized on public platforms (blogs, talks, etc.).

- Projects that do not reach the "Stage 1" level of decentralization will no longer be on Buterin's radar.
- This decision encourages Layer 2 projects to be more reliable and decentralized.
- Currently, only Arbitrum One, OP Mainnet, and zkSync lite have reached this level.

Share your thoughts on this topic in the comments! 🚀🔗

Stablecoins Are Becoming a Part of Everyday Life! 🌍💸

According to a report by Castle Island Ventures and Brevan Howard, stablecoin usage is increasing in Brazil, Nigeria, Turkey, Indonesia and India.

- Survey of 2,500+ crypto users: 69% converted their local currency to stablecoin.
- 39% bought goods/services, 30% used for work, 23% received/paid salary.
- Tether (USDT) is the most popular stablecoin; Ethereum (ETH) is the most preferred blockchain.

Stablecoins are used not only for crypto trading, but also for everyday financial transactions. Share your thoughts in the comments! 👇

Circle, the world’s second-largest stablecoin issuer, is moving its global headquarters to the iconic One World Trade Center in New York City! 🌍

- The official announcement and ribbon-cutting ceremony will take place on Friday.
- New York City Mayor Eric Adams will also be in attendance.
- Circle said the space will not just be an “office,” but a powerful gathering place for industry and global leaders.

Circle’s USDC stablecoin stands out with a market cap of $34 billion and a 24-hour trading volume of $6.37 billion. 💰

Share your thoughts in the comments! 👇

Kalshi’s election prediction markets could open after a federal judge denied the CFTC’s two-week stay. 📈

- Kalshi will offer betting on which party will control both houses of Congress.
- The CFTC plans to appeal the decision, arguing that such betting could undermine election integrity.
- Judge Cobb said the CFTC overstepped its authority and denied the stay.

Do you think election betting markets are safe? Share your thoughts in the comments! 💬

📢 **ynBNB: The First Liquid-Restaking Token on BNB Chain!** 🚀

- YieldNest introduced ynBNB, the first liquid-restaking token on BNB Chain.
- Users will earn additional earnings and "Seeds" reward points in addition to BNB token staking returns.
- They will collaborate with restaking protocols such as Kernel, Karak and Binominal.
- Restaking offers investors the opportunity to maximize their staking returns.
- With the Seeds program, users will be eligible for future airdrops.

💬 Do you think restaking is more advantageous than staking? Share in the comments!

Flowcarbon, the climate startup co-founded by Adam Neumann, is giving back to holders of its cryptocurrency, the Goddess Nature Token (GNT). The company had planned to move carbon credits to the blockchain and raised $70 million for the purpose. However, the token launch was cancelled due to market conditions and resistance from carbon ledgers. Flowcarbon is still giving back to retail GNT buyers. 💸

Share your thoughts in the comments! 🌍
#CryptoCurrency#Blockchain #CarbonCredit

Tune.FM, Web3 music platform, raises $50 million from Global Emerging Markets (GEM) Group! 🎵💰

- Tune.FM raised $20 million 8 months ago.
- This platform, which runs on the Hedera Hashgraph blockchain, aims to provide artists with more royalties.
- With the JAM token, artists can promote their music and reach new listeners.
- The new investment will be spent on user growth, token promotion, marketing and new product development.
- Tune.FM will soon launch a desktop app for Mac and Windows.

Share your thoughts in the comments! 🎤

The representation of digital assets via blockchain-based tokens is growing rapidly. Herwig Konings from Security Token Market examines the growth of this industry and why tokenization is important. 💡

- Tokenized assets are digital representations of financial instruments such as stocks, bonds, funds, and real estate.
- These assets are being discovered by giants such as BlackRock and JP Morgan.
- Tokenized assets are used to balance portfolios and provide access to new asset classes.

Share your thoughts in the comments! 💬

eToro Settles with SEC: $1.5 Million Fine!

- Popular trading platform eToro will pay a $1.5 million fine as a result of its settlement with the SEC.
- The SEC alleged that eToro traded some crypto assets as securities.
- eToro will only allow trading in Bitcoin (BTC), Bitcoin Cash (BCH), and Ether (ETH) in the US.
- This decision was made because eToro did not comply with federal securities laws.

What do you think? Share in the comments! 💬🚀

CoinDesk 20 Index Update 📈

The CoinDesk 20 Index is up 1.2% (+21.38) from yesterday's close at 1837.03 today.

- 14 of the 20 assets are up.
- Leaders: XRP (5.3%) and NEAR (5.0%).
- Laggards: ICP (-3.1%) and UNI (-3.0%).

The CoinDesk 20 is traded as a broad-based index on global platforms. 💹

Share your views in the comments! Do you think this trend will continue? 📊

Grayscale Relaunches XRP Trust 🚀

Grayscale is launching a new XRP Trust that could pave the way for a spot XRP ETF in the US. The closed-end fund will offer accredited investors direct access to XRP.

- Grayscale terminated the XRP Trust in 2021 due to the SEC’s lawsuit against Ripple.
- Ripple has removed regulatory hurdles to XRP with its SEC win.

“XRP could transform financial infrastructure by completing cross-border payments in seconds,” said Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research.

XRP is up 8% on this news. Share your thoughts in the comments! 💬

RootstockCollective Announced as First DAO on Bitcoin Layer-2 🎉

- RootstockCollective has been announced as the first DAO on Bitcoin Layer-2 Rootstock.
- RIF token holders will be able to gain voting rights by staking their tokens.
- DAOs are blockchain-based organizations where token holders make decisions instead of a central authority.
- Rootstock is compatible with Ethereum's EVM programming standard, allowing applications developed on Ethereum to be easily ported.
- This development aims to create more usage areas by overcoming Bitcoin's programmability limitations.

Share your thoughts in the comments! 💬

Anchorage Digital, the only federally licensed crypto bank in the US, will provide custody for the ARK 21Shares Bitcoin ETF! 🎉

- Anchorage Digital is making a significant move into the custody space dominated by Coinbase.
- The ARK 21Shares Bitcoin ETF is third behind BlackRock and Fidelity.
- “Our federal license makes us a natural choice for ETF custody diversification,” said CEO Nathan McCauley.
- Anchorage uses advanced technology like biometric verification and offline private key storage to protect assets.

Share your thoughts in the comments! 💬

Bitcoin has broken above $58,000 on the back of a rally in US tech stocks. 📈 US inflation data has raised the possibility of a 25 basis point rate cut by the Fed this month. Nvidia, Microsoft, Google and Apple all posted gains. BTC is trading above $58,000, up 2.4% in the last 24 hours. However, Bitcoin ETFs have seen $43 million outflows after two days of inflows.

Leverage is increasing in the Bitcoin market, suggesting traders are taking on more risk. This increase points to potential volatility in the market. 📊

DeFi platform Pendle has started offering variable returns of up to 45% with its LBTC token. The pool was created by Ethereum layer-2 network Corn and attracted $13 million in user deposits.

Share your thoughts in the comments! 💬

Bitcoin mining difficulty hits all-time high of 92.6 terahash! 🚀 This could put a strain on miners’ profitability, having increased by more than 10% since early July. However, some experts say there is no direct correlation between mining difficulty and Bitcoin price.

- Mining difficulty could drop to 77.12T on September 27.
- Mining difficulty measures the computing power required to process blocks.
- Increasing difficulty could increase costs for mining companies.

Share your thoughts in the comments! 💬

Russia’s Largest Banks to Support Digital Ruble! 🇷🇺💸

- The Central Bank of Russia wants the country’s largest banks to support the digital ruble from July 2024.
- Customers will be able to open digital ruble accounts, transfer money, and receive digital rubles.
- Small banks will join the process in the coming years.
- The digital ruble will be available to citizens and businesses equally as cash and cashless funds.
- CBDCs are being tested by many countries around the world. Countries like the Bahamas and Nigeria have already introduced their CBDCs.

Share your thoughts in the comments! 👇

Bitcoin will reach new highs by the end of the year! 🚀 According to a Standard Chartered report, regardless of the US election results, the value of Bitcoin (BTC) will increase. If Trump wins, it could reach $125,000, and if Harris wins, it could reach $75,000$ .

🔹 Regulatory reforms will have a positive impact on the crypto market.

The removal of SAB 121 will be a significant step for banks' digital assets.

The re-steepening of the US Treasury curve is creating positive momentum for Bitcoin.

What levels do you think Bitcoin can reach by the end of the year? Share your views in the comments! 💬

Bitcoin Leverage Increases: Investors Are Taking Risks! 🚀

- Leverage is rising again in the Bitcoin market, indicating that investors are taking more risks.
- According to CryptoQuant data, the estimated leverage ratio, which is obtained by dividing global futures open positions by the number of coins held on exchanges, reached 0.2060, the highest level since October 2023.
- Hyblock Capital notes that high leverage liquidity is concentrated at $58,500. Volatility is expected to increase as this level is approached.
- Bitcoin is currently trading around $58,000. Ethereum is up 1% at $2,350.

Share your thoughts in the comments! 💬