DeFi Protocols Face Nearly 25% Drop in Fees
TL;DR In August 2024, DeFi protocol fees fell by 24.4%, totaling $288 million. The decrease is attributed to lower user activity, increasing competition among protocols, and variations in…
blockchain
Ethereum ETFs End Nine-Day Outflow Streak
TL;DR Ethereum spot ETFs have recorded a net inflow of $5.8 million, ending a nine-day streak of net outflows. BlackRock’s ETHA ETF leads the…
Jupiter DEX Integrates Pump.fun and Moonshot, Optimizing Access to Meme Tokens on Solana
TL;DR Jupiter DEX has integrated the Pump.fun and Moonshot platforms, allowing for the instant purchase of new meme tokens on Solana. The new spot…
Trump’s Fourth NFT Collection Raises Over $2 Million
TL;DR Donald Trump launched his fourth NFT collection, “Series 4: The America First Collection,” on August 27, 2024. The collection has generated more than…
The RWA Market Will Be a Success, but Less Overwhelming Than Expected
TL;DR Jamie Coutts questions the $30 trillion projection for the tokenized asset market by 2030, proposing a more realistic figure of $1.3 trillion. Coutts…
Bitwise Bitcoin ETF to Acquire Osprey Bitcoin Trust
TL;DR Bitwise Bitcoin ETF (BITB) will acquire the assets of the Osprey Bitcoin Trust (OBTC). The transaction is designed to be tax-free for OBTC…
Fear Returns to the Crypto Market Following Bitcoin Crash
TL;DR The Cryptocurrency Fear and Greed Index has dropped to 30, signaling rising fear in the market. Bitcoin is currently trading at $59,234, with…
Nasdaq Seeks Approval for Bitcoin Index Options
TL;DR Nasdaq has requested SEC approval to launch options based on a Bitcoin index. Index options would allow investors to hedge risks and extend…
Ethereum Faces Decline as L2s Thrive at Its Expense, Says Cyber Capital CEO
TL;DR Cyber Capital’s Justin Bons criticizes the impact of Layer 2 (L2) solutions on Ethereum following the implementation of EIP-4844. He claims that ETH…
Resistance Dog Rally Boosts REDO Memecoin Value Following Pavel Durov’s Arrest
TL;DR The memecoin ‘Resistance Dog’ (REDO) increased its value by more than 140% after being adopted as an official avatar by Toncoin developers. The…
Boson Protocol and Superchief Gallery Drive Art Tokenization
TL;DR Boson Protocol and Superchief Gallery have tokenized an art collection valued at $5.1 million, using NFTs to represent the works and facilitate their…