Coinbase’s Ethereum layer-2 chain Base is live to the publicCoinbase has hyped its new blockchain as a path to mass adoption.
Happy Thursday!The global crypto market cap is $1.17 trillion, with a 24-hour volume of $28.99 billion. The price of Bitcoin is $29,400.23, and BTC market dominance is 48.7%. The price of Ethereum is $1,850.16, and ETH market dominance is 18.9%. The best-performing sector is Yield Farming, which gained 7%. The Crypto Fear & Greed Index is currently Neutral (53). Top News
Coinbase’s Ethereum layer-2 chain Base is live to the publicCoinbase has hyped its new blockchain as a path to mass adoption. Federal Reserve will require state banks to get written ‘non-objection’ from central bank before engaging with stablecoinsThe Fed stated that its approval hinges on the ability of banks to show that they possess the necessary control systems to manage the risks tied to stablecoins. Nigerian authorities call on government to ban Binance amid Naira crisisThe ABCON President said Binance was the most liquid market, and contributing the struggles of the local currency. Latest Insights
More NewsRussian central bank to launch digital ruble pilot Aug. 15Russia's foray into digital fiat currency adoption will involve 13 banks and 30 companies. Riot spends just $8.3k to mine 1 BTC as it looks to triple production by 2025Riot scales up Bitcoin mining output, aiming for triple production despite challenging market conditions. Jury trial in SEC v. Ripple Labs to be set for Q2 2024The U.S. Securities and Exchange Commission (SEC) previously alleged that the two individuals engaged in unlawful securities offerings involving the XRP token. Fantom-based SpiritSwap heads for shutdown after Multichain hack drains treasuryThe Multichain hack has disrupted Fantom's DeFi ecosystem, with the blockchain network's TVL declining by more than 80%. How short-term holders keep Bitcoin price stable but constrainedShort-term holders have contributed to Bitcoin's stability, as their on-chain cost basis created support at $28,000 while the selling pressure from their exchange deposits kept it from breaking above $30,000.
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