TL;DR Breakdown Ethereum gas consumption by NFTs has significantly declined since 2021. Major NFT projects and marketplaces that once led in gas consumption have dropped sharply. Current gas consumption by leading NFT marketplaces accounts for roughly 1.85% of the entire Ethereum network. Description If you were navigating the Ethereum landscape two years ago, NFTs might have seemed to you like the fuel-hungry SUVs of the blockchain. Fast forward to today, and those very same NFT marketplaces are sipping gas like a hybrid economy car. This stark shift doesn’t just signify a change in numbers but mirrors a possible … Read more If you were navigating the Ethereum landscape two years ago, NFTs might have seemed to you like the fuel-hungry SUVs of the blockchain. Fast forward to today, and those very same NFT marketplaces are sipping gas like a hybrid economy car. This stark shift doesn’t just signify a change in numbers but mirrors a possible cultural and strategic transformation in the entire nonfungible token ecosystem. From market leaders to market leavers In the heyday of 2021, nonfungible tokens were…

Description Contents hide 1 Binance appoints former Kristen Hecht official as new Deputy Chief Compliance Officer 2 Altcoins may bleed if ETH/BTC crashes 3 This week at Binance (so far) 4 Proshares files for Dual Bitcoin & Ethereum futures strategy ETF 5 Coinbase share has increased from 38% to 61% since its public launch in April … Read more Contents hide 1 Binance appoints former Kristen Hecht official as new Deputy Chief Compliance Officer 2 Altcoins may bleed if ETH/BTC crashes 3 This week at Binance (so far) 4 Proshares files for Dual Bitcoin & Ethereum futures strategy ETF 5 Coinbase share has increased from 38% to 61% since its public launch in April 2023 6 DeFi trader turn $200k to $465 7 Tether now holds more U.S. treasuries than Australia, the UAE, and Spain 8 Cathie Wood says SEC is likely to approve multiple Bitcoin ETFs at the same time 9 Coinbase layer-2 “Base” set for launch next week 10 DOJ is worried that indicting Binance could incite a bank run 11 The Bitcoin network is on track to…

Description Is it censorship for Uniswap to delist tokens? Lazarus Group links stolen funds from the Harmony, Atomic Wallet, and Coinspaid/Alphapo hacks together on-chain Hong Kong debuts retail Crypto trading with HashKey and OSL Is it censorship for Uniswap to delist tokens? A bunch of y’all didn’t like this tweet. “Censorship!!” “Centralization!” Let’s unpack… Uniswap is two things: 1) a web interface and 2) a decentralized protocol (the DEX) The interface is run by a centralized company in Brooklyn. The DEX is decentralized/permissionless 1/ https://t.co/XcYInWgEdz — Erik Voorhees (@ErikVoorhees) August 2, 2023 The centralized web interface has delisted multiple assets (most recently, HEX). The decentralized protocol, however, has not. You can still buy HEX on the protocol (but you shouldn’t because it’s retarded) Is it “censorship” for the central company to remove from web UI? 2/ — Erik Voorhees (@ErikVoorhees) August 2, 2023 I’d call it having standards. If I run a store, I’m not going to sell scam products. Indeed, when I ran ShapeShift, we delisted BSV because in our opinion, it was built on fraud (specifically, the fraudulent…

Description Y’all get this book from your favourite influencer! 🙃 pic.twitter.com/92X4u9vJxE — 𝕽𝖆𝖗𝖊 𝕶𝖗𝖆𝖎𝖙 (@KyloRenei) August 1, 2023 pic.twitter.com/UQsXXygPO3 — Memeing ₿itcoin (@MemeingBitcoin) August 2, 2023 Imagine the capitulation that takes place on a clean flush below $20k. (just close eyes 1 second & picture the faces)$BTC pic.twitter.com/GfM8RvLzDP — Ninja (@Ninjascalp) August 2, 2023 pic.twitter.com/Z2jnFGX3Vb — Memeing ₿itcoin (@MemeingBitcoin) August 2, 2023 Life in Bitcoin pic.twitter.com/Xf3z9FRhEj — Whale (@WhaleChart) August 2, 2023 Are you Hodler? Yes – 🐳No – 🎉#cryptocurrencies #Crypto #cryptomeme #CryptoTwitter #Bitcoin pic.twitter.com/cNSuUXYjfZ — Sophia Ryan (@CryptoInkSophia) July 28, 2023 A new series of the immortal series about trading: expectation vs reality 😂#crypto #cryptotrading #cryptomeme pic.twitter.com/PbOok8oTNR — Iren Barnes (@IrenCryptoQueen) August 2, 2023 Results of the month 😂#bitcoin #Crypto #cryptocurrency #CryptoX #meme #CryptoMeme pic.twitter.com/Ydxe7pdtWe — Mia Brown (@MissMiaNFTs) July 31, 2023 My friend be like….#Memes #NFTs #ETH #Dogecoin #cryptomarket #cryptomeme #NFTmeme #RespectMeme #cryptomemes #cryptocurrency #DOGE #CryptoTwitter #Ethereum #Crypto #CryptoCommunity pic.twitter.com/Ao3kInouvA — Yana Pinchuk (@missYanaNFT) August 3, 2023 When I first went to the stock exchange 😂#CryptoMeme #CryptoTwitter #meme #bitcoin #NFT #Web3 pic.twitter.com/obLy2yBgDt — Mia Brown (@MissMiaNFTs) July 27,…

TL;DR Breakdown SEC Chairman Gary Gensler warns that AI could lead to market volatility and accountability issues. Gensler’s 2020 research paper argues current regulations can’t manage deep learning risks in finance. Critics say Gensler’s concerns are theoretical; others predict AI could boost the economy. Description Artificial intelligence (AI) represents a potentially transformative and highly disruptive force for the financial industry, as per Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). Rather than the usual suspects of cryptocurrencies and digital tokens, it’s the implications of AI that have been central to Gensler’s concerns lately. Gensler, with his longstanding … Read more Artificial intelligence (AI) represents a potentially transformative and highly disruptive force for the financial industry, as per Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). Rather than the usual suspects of cryptocurrencies and digital tokens, it’s the implications of AI that have been central to Gensler’s concerns lately. Gensler, with his longstanding history in technology, is convinced that AI is the most transformative innovation of our generation. Its ability to automate many human tasks…

TL;DR Breakdown Binance introduces Kristen Hecht as the newly appointed deputy chief compliance and global money laundering reporting officer amid intense regulatory scrutiny. Hecht’s long-term objective is to establish collaborations with industry bodies, business partners, and regulators to evaluate and mitigate financial crime risk. Description Binance has appointed Kristen Hecht, the previous global head of corporate compliance at the exchange, as the newly appointed deputy chief compliance and global money laundering reporting officer. This newly created position aims to oversee compliance and anti-money laundering efforts as the company faces potential fraud allegations from U.S. regulatory authorities.  Despite recent reports of … Read more Binance has appointed Kristen Hecht, the previous global head of corporate compliance at the exchange, as the newly appointed deputy chief compliance and global money laundering reporting officer. This newly created position aims to oversee compliance and anti-money laundering efforts as the company faces potential fraud allegations from U.S. regulatory authorities.  Despite recent reports of key legal and compliance executives departing from the exchange due to the pressures of handling numerous investigations into its operations, Binance refutes…

TL;DR Breakdown HashKey became one of the first licensed exchanges to offer crypto trading for non-professional investors in Hong Kong. Hong Kong’s Securities and Futures Commission (SFC) has upgraded two of HashKey’s most important licenses, paving the way for a new regulatory milestone. Description HashKey Exchange received the first license under Hong Kong’s new crypto regime. This action legalizes retail token trading in the city as officials attempt to become a global center for the digital-asset sector. As things appear, Hong Kong has made good on its word to be a global crypto hub by increasing access to crypto … Read more HashKey Exchange received the first license under Hong Kong’s new crypto regime. This action legalizes retail token trading in the city as officials attempt to become a global center for the digital-asset sector. As things appear, Hong Kong has made good on its word to be a global crypto hub by increasing access to crypto trading for ordinary investors. Livio Weng, the chief operating officer of HashKey Group, expressed confidence in the establishment of licensed trading platforms and…

TL;DR Breakdown Investors are increasingly concerned about a potential economic downturn in Europe. Policy mistakes by the European Central Bank and inflation issues are contributing to the uncertainty. U.S. markets demonstrate resilience, contrasting the faltering European growth. Description Investor confidence across the continent is being tested as signs point to a potentially painful economic downturn in Europe. Contrasted with a rising optimism in the U.S., which seems set for a “soft landing,” the European scene appears to be mired in uncertainty and disarray. Financial markets are reflecting these concerns, but what exactly is … Read more Investor confidence across the continent is being tested as signs point to a potentially painful economic downturn in Europe. Contrasted with a rising optimism in the U.S., which seems set for a “soft landing,” the European scene appears to be mired in uncertainty and disarray. Financial markets are reflecting these concerns, but what exactly is causing this alarm? Let’s dive in. A faltering growth dynamic in Europe Economists and fund managers alike are witnessing troubling indicators that Europe’s economy is faltering, specifically in the…

TL;DR Breakdown Aave Chan Initiative’s Marc Zeller proposes that Aave’s treasury should acquire $2 million worth of CRV tokens from Curve founder Michael Egorov. Egorov has managed to sell 72 million CRV tokens to various parties so far. Description The Aave Chan Initiative, introduced within the Aave governance forum, suggested acquiring $2 million worth of curve tokens (CRV) from Michael Egorov, the founder of Curve.  Spearheaded by Marc Zeller, the creator of Pandemic’s blockchain consultancy firm and a key player in Aave Companies, the initiative is a delegate platform that operates closely with Aave. … Read more The Aave Chan Initiative, introduced within the Aave governance forum, suggested acquiring $2 million worth of curve tokens (CRV) from Michael Egorov, the founder of Curve.  Spearheaded by Marc Zeller, the creator of Pandemic’s blockchain consultancy firm and a key player in Aave Companies, the initiative is a delegate platform that operates closely with Aave. Zeller’s extensive background includes three years as integration lead at Aave, where he actively participates in enhancing the Aave governance ecosystem. Aave treasury receives proposal to buy $2…

TL;DR Breakdown China helped Argentina avert a default with the IMF by allowing access to a $3 billion currency swap line. The terms and conditions of this currency swap between China and Argentina remain opaque, leading to questions about China’s intentions. Argentina’s relationship with China encompasses extensive investment and trade, beyond this financial rescue. Description With the weight of economic turmoil bearing down, Argentina has found itself once again on the brink of defaulting on its IMF debt. However, as the world looked on with a mix of concern and skepticism, a powerful ally emerged to throw the struggling nation a lifeline: China. But can China really save Argentina from … Read more With the weight of economic turmoil bearing down, Argentina has found itself once again on the brink of defaulting on its IMF debt. However, as the world looked on with a mix of concern and skepticism, a powerful ally emerged to throw the struggling nation a lifeline: China. But can China really save Argentina from IMF default, or is this merely a temporary solution to a chronic…