Multiple ETH price metrics decline, putting $1.6K support at risk for Ether price
A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support.
Ethereum
Visa Expands USDC Payment Capability by Utilizing Solana
The global payments firm has expanded its stablecoin settlement capability to include USDC tokens issued on the Solana blockchain.
Possible hack results in $16M withdrawal from crypto gambling site Stake
Unusually large withdrawals were made from Stake to an account with no previous activity, including $3.9 million in Tether and $9.8 million in Ether.
SEC Postpones BTC ETF Decision, Grayscale Prevails Against SEC, and BitBoy Faces Removal: Hodler’s Digest, August 27th – September 2nd
Keep track of Grayscale’s victory over the SEC, Ben Armstrong getting the boot and delays for spot Bitcoin ETFs.
DeFi hacks on the rise as Balancer protocol exploited for $900K: Finance Redefined
DeFi exploits resulted in losses of over $16 million in August.
September 1st Price Analysis: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), TON Crystal (TON), Polkadot (DOT), and Polygon (MATIC)
Bitcoin and most altcoins gave back the entirety of their gains shortly after the SEC decided to delay issuing a decision on all of the recently filed spot Bitcoin ETF applications.
Polygon introduces a novel open-source L2 chain developer stack to bolster Ethereum’s ZK-powered layer 2s.
Polygon’s Chain Development Kit allows developers to freely build, customize and deploy layer 2 chains connected to the wider Ethereum ecosystem.
Ethereum staking services reach consensus on capping all validators at 22%
The 22% self-limit rule ensures at least four major staking entities would need to collude in order for the chain to reach finalization.
Judge in Uniswap lawsuit dismisses case, classifying Ether as a commodity
United States District Court Judge Katherine Polk Failla is also the judge overseeing the Securities and Exchange Commission’s lawsuit against crypto exchange Coinbase.
Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), TON Crystal (TON), Polkadot (DOT), and Polygon (MATIC): Price Analysis on August 30th
Bitcoin and altcoins are struggling to hold the gains accrued earlier this week, a potential sign that the price breakout was just a response to Grayscale’s victory over the SEC.