Bitcoin ETF: State Street Adds Exposure
State Street plans to launch a Bitcoin ETF, as investor confidence grows. U.S. Bitcoin ETFs have seen net inflows surpass $17.1 billion YTD, with outflows shrinking to less than 1% of AUM. $STT $BTC
Polkadot Parachains: Dune Integrates 50+
Dune now supports data from over 50 Polkadot parachains, including Moonbeam, Acala, Phala, and Mythos, enhancing real-time analysis and improved API functionality. This expansion, developed with Colorful Notion, positions Dune as a premier analytical hub for Polkadot.
Trustee Plus Celebrates 500K Wallet Installs
Trustee Plus achieves 500K+ downloads and nears 100K crypto card users. Key features like P2P trading and zero-commission deposits drive growth, solidifying its impact in Ukraine’s cryptocurrency market.
Stablecoin Success: Singapore Hits $1B Transactions
Singapore’s $1 billion XSGD stablecoin surge shows retail confidence with 75% of transactions under $1M. Regulatory improvements by MAS and Paxos’s approval for digital payment token services are key drivers. Concerns over traditional banking boost stablecoin interest.
Lawyers Seek Caroline Ellison Sentence Reduction
Caroline Ellison’s legal team seeks a three-year probation period instead of prison. She has admitted guilt and cooperated with the investigation. Key figures like John J. Ray III support her for her role in asset recovery. Sentencing is on Sept. 24, 2024.
Crypto Bill: UK Grants Legal Clarity
UK Parliament introduces the Property (Digital Assets etc) Bill, classifying digital assets like cryptocurrencies and NFTs as personal property. This legal clarity aims to protect owners from fraud and includes carbon credits as personal property.
Solana Hackathon: Register for $4M Funding
Solana Radar Hackathon offers $4M in funding opportunities from Sept 2 to Oct 8, 2024, with a $600K prize pool. Top 15 teams can access $250K in startup funding, including special awards. Join now to innovate in blockchain technology.
EU Stablecoin Standards Approved by 2024
EU to publish stablecoin issuer standards by late 2024, developed by EBA and ESMA. MiCA regulations effective since July with Circle as the sole licensed issuer. This move aims for stability but raises industry concerns on new complexities.
Binance.US Partners Fireblocks for Custody
Binance.US partners with Fireblocks to enhance crypto security with secure wallet storage and expanded staking services. This collaboration aims to meet regulatory standards and boost user trust.
Osmosis Unveils Polaris: Seamless Cross-Chain Trading
Osmosis unveils Polaris, enabling wallet-agnostic, one-click cross-chain trading. Users can manage and track assets across ecosystems, with automated conversions and gas token acquisition. Polaris integrates with various liquidity venues and bridges, enhancing scalability and flexibility.
Cardano Staking Unlocked Amid Milestones
$ADA founder Charles Hoskinson refutes claims of locked staking, emphasizing Cardano’s liquid staking model. Cardano hits new milestones with the first phase of the Chang Hard Fork and increased network activity. @Cardano_Community
Bitcoin and Ethereum ETFs Attract Capital
Bitcoin ETFs saw $116.96M inflow on Sept 10, 2024, with Ethereum ETFs at $11.44M. This marks Bitcoin ETFs’ second consecutive positive day and Ethereum’s first inflow since Aug 29, 2024. Grayscale’s Bitcoin Mini Trust contributed $41.13M.
Huma Finance Secures $38M Funding
Huma Finance raises $38M to enhance its PayFi platform, including $10M in equity and $28M in real-world assets. Key investors: Distributed Global, Hashkey Capital, and Stellar Development Foundation. Funds to expand on Solana and Stellar Soroban networks.
Tether Becomes ‘Secret Dollar’ for Sanctions
USDT is being used by Venezuela and Russia to evade sanctions, raising US financial security risks. Its 2023 trading volume surpassed Visa’s, and Tether’s profits exceeded $6.2B. USDT is also facilitating $50M in monthly payments in Georgia.