After the early August dump, the cryptocurrency market has returned to a state of stability, with both Bitcoin and Ethereum spending most of last week in their old price ranges, despite positive news from the US inflation situation that pushed gold prices to new record highs.
Let's review all the crypto movements of the week with Coin68 to make sure you don't miss any important news!
Top cryptocurrencies' performance compared to 7 days ago. Coin360 screenshot at 10:15 AM on 08/18/2024
📌 Coin68 Originals - Must-read article
- Perspective: Overview of IEO activities on CEX exchanges
📺 Coin68 TV
- DeFi Discussion ep.160: Liquidation and "good" debt, "bad" debt
- Jen's Podcast - Episode 3: Get Rich Quick From Crypto?
- Project Review: Experience Flipster - a completely free trading platform
📄 News
Focus 🔥
- Ethereum Gas Price Hit 5-Year Dip - Is This a Bad Sign?
- US government transfers nearly $600 million in Bitcoin to Coinbase
- Goldman Sachs and DRW Holdings Report Heavy Investments in Crypto ETFs , Morgan Stanley Holds $187 Million
Big Cap 💎
- Whale who participated in Ethereum ICO in 2015 transferred 154 million USD ETH to OKX
- Revenue on TRON Overtaken Ethereum in the Last 90 Days
- Canto was "paralyzed" for more than 32 hours
- Trump memecoins all "erected columns" before interview with Elon Musk
- Vitalik Buterin "clears out" memecoin, donates to charity
- Capital: Essential ($11 million), Sahara AI ($43 million), Chaos Labs ($55 million), TON Ventures ($40 million)
DeFi and Layer 2 🦄
- Ethereum Layer-2 records 12.4 million transactions per day, Base takes all the "spotlight"
- Symbiotic launches Devnet , expected to move to mainnet in Q3/2024
- EigenLayer starts distributing AVS rewards on mainnet , accused of "spraying" Airdrop Token from projects in the ecosystem
- Optimism develops a solution to unify layer-2 in the system
- DYDX is preparing to launch the upgraded version “DYDX Unlimited”, listing all types of markets
Non-Fungible Token, GameFi and Metaverse 🖼 🎮🌐
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Large organizations 💰
- Marathon offers $250 million in bonds to buy more Bitcoin
- El Salvador Announces $1.6 Billion Investment to Launch “Bitcoin City”
- Three Arrows Capital sues Terraform Labs for $1.3 billion after LUNA collapse - UST
- Grayscale introduces MakerDAO Trust
- Crypto.com closes long-term sponsorship deal with UEFA Champions League
Legal and Reception ⚖️
- Binance Pays Fines in Brazil and India
- Venezuelan government blocks Binance
Coin68 synthesis
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