Merlin Chain’s L2 protocol hits over $1.2B TVL, processes 12.7M+ transactions, supports 200+ dApps, and launches 1.9M addresses. Introduces $210M MERL Ecosystem rewards. Advanced security measures enhance scalability and transparency, solidifying its role in Bitcoin’s L2 ecosystem.
U.S. spot Bitcoin ETFs see record $1.18B outflow over 8 days amid market downturn. Largest single-day outflow on Sep 6, 2024, at $169.97M. Despite this, BlackRock’s $IBIT remains resilient with over $20B in assets under management.
Terraform Labs plans to burn over 1B $USTC and 275B $LUNC amid Chapter 11 bankruptcy. Validator @HappyCattyCryp’s research highlights token burns from TFL’s shuttle bridge reopening and migrations. LUNC and USTC prices rise 5% and 10%, respectively.
Apple delays AI features for iPhone 16 until October 2024, impacting the anticipated ‘supercycle’ of high sales. Regulatory and market challenges in Europe and China are key hurdles. Comprehensive AI integration expected with iPhone 17 in 2025.
Nick Drakon resigns as CEO of $REVELO after an armed heist targeting investor funds and company assets. Drakon suspects insider involvement. New leadership will allocate 30% of revenue to compensate victims, highlighting the need for enhanced security in the crypto industry.
Tether invests $100M for a 9.8% stake in Adecoagro, diversifying into agriculture across Argentina, Brazil, and Uruguay. This move positions Tether as a top shareholder and marks a broader trend of crypto firms stabilizing finances with traditional industry investments.
Bitcoin fluctuated between $58,000 and $52,500. Telegram held $400M in crypto. 96% of NFTs are “dead.” Former Binance CEO CZ banned from management. U.S. banks predicted to hold Bitcoin within five years. Stay informed.
Ripple CEO predicts high demand for yen-based stablecoins in Japan, citing regulatory clarity as a key driver. Testing of RLUSD on XRP Ledger and Ethereum began in August 2024, with plans to introduce it in the U.S. first. $XRP
Arthur Hayes, co-founder of BitMEX, closed a $BTC short for a 3% profit. He predicts Bitcoin might rise next week if trends hold but sees potential declines until late September without US Treasury liquidity injections.
Keith Gill’s enigmatic X post drove a 25% surge in $CHWY token prices and inspired new meme coins. Concurrently, $GME token prices spiked after a $2M GameStop share purchase by an anonymous investor, highlighting the influence of social media on markets.
$LUNC faces challenges in hitting $0.01 despite community support. Lingering fears from the Terra collapse, tokenomics issues with a 6.7T supply, and negative market sentiment hinder growth. Improved conditions are crucial for its price surge.
Mystiko Token ($XZK) surged 86.71%, trading at $0.0486. GameStop’s Solana meme coin saw 82% inflows, reaching a $33.7M market cap. DigiByte fell 23.5% as Bitcoin dipped below $55,000. Investors should watch emerging trends.
Elon Musk’s post with a “DOGE” nameplate after Trump’s speech boosted $DOGE prices nearly 5%, peaking at $0.09777, and increased futures open interest. Market watchers eye potential growth if Trump wins in 2024.
VanEck will close its $EFUT Ethereum Futures ETF by Sept 16, 2024, shifting focus to a spot Ethereum ETP. Investors will receive cash distributions on Sept 23. The move highlights changing investor preferences towards direct cryptocurrency investments.
