Bitfinex reports $55B crypto market outflows in August due to declining liquidity
Crypto’s liquidity crunch could allow event-based volatility to have a greater impact on prices, according to a recent analysis from Bitfinex.
Stablecoin
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.
Report: Tether partners with Britannia, a private bank based in the Bahamas
Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.
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.
Bitcoin Price Could Surge to $34K Amidst Support ‘Kiss’, Predicts QCP Capital
Bitcoin lacks major volatility catalysts, but a classic support bounce could spark the return of the highest BTC prices in over a year, analysis predicts.
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.
SBF Faces Jail Time, Bitcoin ETF Postponed, and SEC Appeals Ripple Case: Hodler’s Digest, Aug. 6-12
Sam Bankman-Fried has bail revoked, ordered to jail; the SEC delays decision on a spot Bitcoin ETF; and the SEC moves to appeal on Ripple’s case.
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.
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.