Weekly cryptocurrency outflows reach $55M due to waning optimism for Bitcoin ETF approval
Even altcoins slumped, with only Ripple and Cardano registering inflows.
Ethereum
Curve Finance announces reimbursement for users affected by hack, another DeFi breach reported, and ConsenSys introduces L2 with Finance Redefined.
The DeFi ecosystem had another exploit of over $2 million on a stablecoin liquidity pool this past week, just weeks after the Curve Finance exploit.
Analysts Predict 5 Factors that Could Disrupt Bitcoin and Cryptocurrency Market Sluggishness
Analysts believe spot Bitcoin ETFs, new stablecoin adoption, and an upcoming Ethereum scaling upgrade are among the catalysts that could reignite the crypto markets.
An Introduction to PayPal USD: Understanding its Functionality
PayPal has launched its own stablecoin, dubbed PayPal USD (PYUSD). The coin is only available to American customers.
Highlights of the Weekend: Uniswap Developer Fired for Alleged Rug Pull, Steadefi Hacker Engages in Mixing, and More
Uniswap developer AzFlin has admitted to creating the FRENS token but has argued what he did doesn’t constitute a rug pull.
Analysis of Prices on August 11th: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polygon (MATIC), Litecoin (LTC), Polkadot (DOT)
After the Aug. 11 Bitcoin ETF decision delay, BTC’s boring price action looks set to carry on through the weekend.
Why the Ether price remains below $1,900: 3 key reasons
PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal.
Q2 earnings report discloses US bank’s $166M cryptocurrency holdings
SoFi started offering crypto services even before becoming a bank, and its banking license might change how it hodls crypto.
Circle Launches Beta of MPC Wallet for Ethereum, Polygon, and Avalanche
The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.
Wave of fake PYUSD tokens emerges following PayPal stablecoin launch
Nearly 30 fake PYUSD tokens cropped up in the wake of PayPal’s most recent announcement.
