TL;DR Breakdown Crypto markets fall, losing all the gains from the favorable Grayscale court verdict. Core PCE data has shaken up digital asset markets. Core PCE in July rose 4.2% year over year, up from a 4.1% annual rate recorded in June but in line with analysts’ expectations. NFT markets have started to show signs of recovery after a dead silence in the last few months. Description The fourth quarter of 2023 has arrived, and the performance of the crypto market does not appear promising. Bitcoin and other crypto coins fell following the release of crucial inflation data, continuing their decline after a rally this week in response to a favorable court ruling. September has historically been a difficult month for Bitcoin, … Read more The fourth quarter of 2023 has arrived, and the performance of the crypto market does not appear promising. Bitcoin and other crypto coins fell following the release of crucial inflation data, continuing their decline after a rally this week in response to a favorable court ruling. September has historically been a difficult month for Bitcoin,…

TL;DR Breakdown PancakeSwap, the second-largest decentralized exchange, has launched on Base Network, an Ethereum Layer 2 scaling solution developed by Coinbase and Optimism, as part of its multichain expansion strategy. Base Network uses OP Stack technology to offer faster transactions and lower gas fees, and has already shown competitive performance against other Layer 2 networks like Arbitrum and Optimism in terms of daily transaction counts. The integration is expected to boost liquidity and activity for PancakeSwap, as well as the Base Network, and could set a precedent for other decentralized exchanges to adopt Layer 2 solutions, thereby enhancing the overall DeFi ecosystem. Description PancakeSwap, the second-largest decentralized exchange (DEX) in the cryptocurrency space, has extended its reach by launching on Base Network. Developed in collaboration between Coinbase and Optimism, Base is an Ethereum Layer 2 (L2) scaling network that aims to provide users with lower gas fees, faster transactions, and improved capital efficiency. This move is part of … Read more PancakeSwap, the second-largest decentralized exchange (DEX) in the cryptocurrency space, has extended its reach by launching on Base Network….

TL;DR Breakdown Grayscale Investments CEO, Michael Sonnenshein, has expressed uncertainty about whether the company needs to refile its application with SEC to convert its GBTC product into a spot bitcoin ETF. Sonnenshein, in an interview with Bloomberg Television, stated that the company would need to wait for the final operational procedures outlined in the court’s mandate before deciding on a potential reapplication.  While market sentiment seems more confident in the possibility of conversion, there’s still an air of caution. Description Grayscale Investments CEO, Michael Sonnenshein, has expressed uncertainty about whether the company needs to refile its application with the United States Securities and Exchange Commission (SEC) to convert its GBTC product into a spot bitcoin ETF, even after a recent favorable court decision. The US appeals court recently overturned the SEC’s rejection of Grayscale’s proposed … Read more Grayscale Investments CEO, Michael Sonnenshein, has expressed uncertainty about whether the company needs to refile its application with the United States Securities and Exchange Commission (SEC) to convert its GBTC product into a spot bitcoin ETF, even after a recent favorable court…

TL;DR Breakdown Binance Pool  recently launched its Ordinals Inscription Service The Ordinals Inscription Service allows users to inscribe additional data directly onto individual satoshis, the smallest unit of Bitcoin, thereby creating unique digital artifacts that are securely stored on the Bitcoin blockchain. Description Binance Pool, a leading player in the Bitcoin mining sector, recently launched its Ordinals Inscription Service. This innovative feature allows users to inscribe additional data directly onto individual satoshis, the smallest unit of Bitcoin, thereby creating unique digital artifacts that are securely stored on the Bitcoin blockchain.  The mechanics The Ordinals protocol, which gained prominence … Read more Binance Pool, a leading player in the Bitcoin mining sector, recently launched its Ordinals Inscription Service. This innovative feature allows users to inscribe additional data directly onto individual satoshis, the smallest unit of Bitcoin, thereby creating unique digital artifacts that are securely stored on the Bitcoin blockchain.  #Binance Pool launches the Ordinals Inscription Service! You can now inscribe additional data directly onto individual satoshis, creating unique digital artifacts that are securely stored on the #BTC network. More info here…

Description Contents hide 1 Another angle to understanding how Bitcoin works 2 US Courts are crumbling the entire SEC narrative on crypto 3 Bitcoin is the most egalitarian thing ever 4 Binance launches the Ordinals Inscription Service 5 Worldcoin token price nosedives 6 The inflation rate in the US goes up again 7 Curve Finance launches … Read more Contents hide 1 Another angle to understanding how Bitcoin works 2 US Courts are crumbling the entire SEC narrative on crypto 3 Bitcoin is the most egalitarian thing ever 4 Binance launches the Ordinals Inscription Service 5 Worldcoin token price nosedives 6 The inflation rate in the US goes up again 7 Curve Finance launches on Base network 8 US court rules that Bitcoin and ETH commodities in Uniswap case 9 Bloomberg analysts raise their spot Bitcoin ETF approval odds to 75% in 2023 10 Binance to slowly winddown BUSD services 11 Cambridge revises down Bitcoin energy estimates 12 ETH is standing out amongst top caps as the asset traders are growing most impatient with 13 BTC sees the most significant…

Description What happened in crypto in the last 24h? Why the next bull run of Bitcoin could be epic What happened in crypto in the last 24h? What happened in crypto in the last 24h? In case you just woke up and saw all the euphoria, here is a recap. (1/5) 🧵 pic.twitter.com/tdyVCWkBtO — Inmortal (@inmortalcrypto) August 29, 2023 Bitcoin pumps 8% in less than two hours. 2 positive news around this moment. > Grayscale wins lawsuit against SEC> X (Twitter) obtains license required for crypto payments and trading (2/5) 🧵 pic.twitter.com/cEYqHZKbjy — Inmortal (@inmortalcrypto) August 29, 2023 Grayscale wins lawsuit against SEC The judge agreed that the SEC’s decision to treat $BTC Futures ETFs (approved since 2019) differently than $BTC Spot ETFs is ridiculous. Does this mean that the BTC Spot ETF has been approved? No. It means the SEC can’t deny Grayscale’s… pic.twitter.com/qdFK75gNRj — Inmortal (@inmortalcrypto) August 29, 2023 X (Twitter) obtains license required for crypto payments Second positive news of the day that came out just 1 hour after Grayscale’s news. > Elon is now building a…

TL;DR Breakdown Offchain Labs has introduced Arbitrum Stylus, a tool that expands the range of programming languages available for smart contract development on Ethereum’s Layer 2, including languages like Rust, C, and C++. The tool promises interoperability between different coding languages and significant cost reductions in computational tasks, enabled through a dual virtual machine setup. The code and testnet for Arbitrum Stylus are publicly available, and Offchain Labs is actively seeking community feedback for future developments, including the possibility of adding more programming languages to further reduce fees. Description Offchain Labs has launched Arbitrum Stylus, a novel tool designed to expand the programming languages available for smart contract development on Ethereum‘s Layer 2 network. This initiative aims to democratize access to Ethereum-compatible smart contract development by supporting languages that can be converted to WebAssembly (WASM), such as Rust, C, and C++. Before the advent … Read more Offchain Labs has launched Arbitrum Stylus, a novel tool designed to expand the programming languages available for smart contract development on Ethereum‘s Layer 2 network. This initiative aims to democratize access to Ethereum-compatible…

Description Hodling #Bitcoin: pic.twitter.com/8t0SrIjhVe — naiive (@naiivememe) August 31, 2023 #Bitcoin pic.twitter.com/C4joHXmbSc — naiive (@naiivememe) August 31, 2023 #Bitcoin @TheKiffness pic.twitter.com/3o0eJIhP4S — naiive (@naiivememe) August 31, 2023 When you’re holding your memecoin for too long, and price dumps. pic.twitter.com/hf1ythvDj8 — Whale (@WhaleChart) August 31, 2023 #Bitcoin pic.twitter.com/DAqWetPnBH — naiive (@naiivememe) August 30, 2023 GM pic.twitter.com/yIHiMjVswM — Devchart 👨🏻‍💻 (@devchart) August 31, 2023 #Bitcoin 🔥🤓📈 pic.twitter.com/GlCEP5XV8z — Kevin Svenson (@KevinSvenson_) August 30, 2023 When every altcoin is mooning but yours pic.twitter.com/VBw4zHOYU4 — Altcoin Sherpa (@AltcoinSherpa) August 29, 2023 #Bitcoin pic.twitter.com/qjcPX5birK — naiive (@naiivememe) August 30, 2023 Do your research then buy the DIP#Cryptomeme #Memes #NFT #ETH #Dogecoin #Crypto #NFTmeme #RespectMeme #Memes #cryptomemes #cryptocurrency #CryptoTwitter #Ethereum #CryptoCommunity #BTCETF #memecoins pic.twitter.com/8rwxh4mGiO — Crypto Memes (@MemesMoneyco) August 31, 2023 Don’t Stop just Buy Bitcoin#Cryptomeme #Memes #NFT #ETH #Dogecoin #Crypto #NFTmeme #RespectMeme #Memes #cryptomemes #cryptocurrency #CryptoTwitter #Ethereum #CryptoCommunity #BTCETF #memecoins pic.twitter.com/Gs4Md03AVh — Veronika_Geraimovich (@Veronika_Crypto) August 31, 2023 #crypto #CryptoMeme #memecoins #Memes #bullrun pic.twitter.com/oqBGnA18Yl — LOL Crypto Club (@LOLCryptoClub) August 31, 2023 Always deposit and never withdraw 😁👍#CryptoNews #CryptoMeme #binance #CYBER pic.twitter.com/0aSQQ2U7nJ — CRYPTO REKT MEMES…

TL;DR Breakdown Binance has announced it will stop supporting the BUSD stablecoin by February 2024. Binance-Peg BUSD withdrawals will stop from September 7th, 2023, but BUSD (ERC-20) will still operate on Ethereum. Despite the changes, Paxos guarantees that BUSD tokens will be backed and redeemable until February 2024.   Description Binance, the world-renowned cryptocurrency exchange, has made a significant announcement that has sent ripples throughout the crypto community. In a recent blog post, the exchange declared its intention to cease support for the Binance USD (BUSD) stablecoin. This decision comes on the heels of Paxos’ move to halt the production of new BUSD coins. By … Read more Binance, the world-renowned cryptocurrency exchange, has made a significant announcement that has sent ripples throughout the crypto community. In a recent blog post, the exchange declared its intention to cease support for the Binance USD (BUSD) stablecoin. This decision comes on the heels of Paxos’ move to halt the production of new BUSD coins. By February 2024, Binance users must transition away from BUSD, prompting them to explore other stablecoin options or…

TL;DR Breakdown ECB Executive Board member Isabel Schnabel has indicated that the Eurozone’s economic outlook is worse than initially projected in June.  The upcoming ECB meeting holds significant importance as recently released inflation data influences discussions. Description Isabel Schnabel, a member of the European Central Bank’s (ECB) Executive Board, has mentioned that the euro area’s economic outlook is worse than anticipated back in June. She also noted that underlying inflation continues to be persistently elevated. Underlining the difficulty that the present economic situation presents to policymakers, the individual responsible for overseeing markets … Read more Isabel Schnabel, a member of the European Central Bank’s (ECB) Executive Board, has mentioned that the euro area’s economic outlook is worse than anticipated back in June. She also noted that underlying inflation continues to be persistently elevated. Underlining the difficulty that the present economic situation presents to policymakers, the individual responsible for overseeing markets refrained from pledging any particular actions in September and remarked that it is currently uncertain whether borrowing expenses must be further increased. ECB’s high underlying inflation ensues Recent developments have…