The cryptocurrency market, led by Bitcoin, has started to show signs of a bounce after the US Federal Reserve confirmed it is about to cut interest rates after a long period of maintaining high levels.
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 09:30 AM on 24/08/2024
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📄 News
Focus 🔥
- Fed confirms interest rate cut is coming, Bitcoin price approaches $65,000 mark
- Mt.Gox transfers $784 million in Bitcoin to unknown wallet
- CEO Richard Teng: Binance is stepping up compliance, will not IPO
- Donald Trump "shills" his two sons' crypto project "The DeFiant Ones"
- SEC forces Solana ETF proposals to withdraw because it still XEM SOL a security
- Volume of crypto ETFs drops to record low
Big Cap 💎
- Tether Launches USDT on Aptos Network
- TON Price Drops 20% After Telegram Founder Pavel Durov Arrested in France
- Cardano (ADA) “slips” out of the top 10 markets
- Avalanche receives good news from Grayscale and Franklin Templeton, AVAX "sets up pole"
- Scroll deploys Darwin upgrade on mainnet
- Capital: Fabric Cryptography ($33 million), Corn ($6.7 million), Story Protocol ($80 million), SatLayer ($8 million)
DeFi and Layer 2 🦄
- Arbitrum updates new roadmap with notable changes
- AAVE launches V3 on mainnet ZKsync Era
- Babylon Staking platform deploys mainnet, causing Bitcoin transaction fees to skyrocket
- MakerDAO Announces New Governance Token Redemption Rate According to Endgame Plan
- Curve development company must ask the community for funding for operations
- Drift ProtocolLaunches BET Prediction Platform on Solana
- TRON quietly withdrew all 720 million USD of Bitcoin collateral for stablecoin USDD
- A crypto "whale" just lost $55 million in Dai due to a phishing attack
- Justin Sun's SunPump is threatening pump.fun's position
Non-Fungible Token, GameFi and Metaverse 🖼 🎮🌐
- Base launches Basenames, a subdomain of ENS
Large organizations 💰
- BlackRock dethrones Grayscale, becoming the world's largest crypto fund
- Metaplanet buys 57.2 more Bitcoins, completes plan to borrow 1 billion yen for DCA
- Binance to protect users from $2.4 billion in losses in 2024
- X publicly discloses shareholder list, including Binance and a16z
Legal and Reception ⚖️
- CZ and Binance sued for allegedly aiding cybercriminals in money laundering
- Where does Crypto fit into the Democratic Party 's policy platform ?
- Korean pension fund buys $34 million in MicroStrategy shares
- Brazil approves second Solana ETF
- McDonald's Instagram hacked to "shill" memecoin on Solana
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