Uniswap UNI Burn Surges to $250M
Uniswap’s annualized UNI burn rate surpasses $250M, driven by increased decentralized exchange volume and Robinhood Chain activity. UNI trades near $7.00, up from $2.47 in June. #Update #Crypto
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Uniswap’s annualized UNI burn rate surpasses $250M, driven by increased decentralized exchange volume and Robinhood Chain activity. UNI trades near $7.00, up from $2.47 in June. #Update #Crypto
Bitcoin slipped 1.5% to near $78,800 amid rising Fed rate hike odds; spot bitcoin ETFs hold $101.25B, with Blackrock’s IBIT adding $3.575B in 30 days. #Update #Crypto $BTC
The UK Financial Conduct Authority is considering easing its 2019 ban on retail prediction markets, following discussions with trading platforms. #Update #Legal FCA
Chelsea’s USDC jersey deal raises concerns among Hong Kong fans over stablecoin laws, though legal experts assure wearing the jersey is safe. #Update #Crypto $USDC
Del Oro’s 1997 orange peel experiment in Costa Rica turned barren land into forest by 2013, highlighting ecosystem restoration potential but requiring legal safeguards. #Update #Legal
The American Gaming Association estimates $29.5B in legal NFL wagering this season, citing prediction markets for stalling growth. $5.1B from underage users on Kalshi. #Update #Legal
The Swedish Tax Agency fined six Boden crypto firms $56.5M for illegal tax schemes, highlighting a nationwide crackdown on mining operations. #Breaking #Legal
Chris recovers 61 $BTC worth $4.4M after a 12-year legal battle over funds trapped in the 2014 Intersango exchange collapse. #Breaking #Crypto $BTC
Bitcoin analyst Willy Woo suggests BTC’s decoupling from stocks resembles 2015, but Cryptoquant’s Darkfost disagrees, citing positive correlation. #Update #Crypto $BTC
Ripple CEO Brad Garlinghouse highlights De Nederlandsche Bank’s $11B gold move as a crypto use case, contrasting traditional logistics with digital asset transfers. #Update #Crypto $XRP
Capital B buys 376 $BTC for $29.4M, increasing its treasury to 3,521 BTC. The purchase was funded by equity raises backed by Adam Back and TOBAM. #Update #Crypto $BTC
Bitcoin’s 90-day gold correlation rises to 0.57, while Nasdaq-100 correlation drops to 0.22, indicating a shift in BTC’s valuation dynamics. Cathie Wood sees potential breakthrough. #Update #Crypto $BTC
Citi and DBS executed a USD payment in minutes using Swift’s ledger, advancing tokenized deposits towards 24/7 banking. Tokenized assets near $40B. #Update #Finance
Bitcoin whale paper gains hit a record $9.07B on Sept. 4, easing to $7.51B as prices dipped, raising potential selling risk. #Update #Crypto $BTC