News Explorer — Circle Plans to Launch USDC on Six New Blockchains,

Circle Internet Financial is planning to launch its stablecoin, USDC, on six new blockchains including Polygon PoS, Base, Polkadot, NEAR, Optimism, and Cosmos. This move comes after Circle and Coinbase reorganized their relationship and disbanded the Centre Consortium. While USDC has been losing market share, Tether remains dominant and PayPal has launched its own stablecoin. Adding more protocols may not significantly impact adoption, as money is flowing out of the chains.

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Aug 23, 8:16 am

Decrypt

Bitcoin Ordinals Trading Is Down Bad—But Just How Bad?

A report from DappRadar showed a significant decline in Bitcoin Ordinal sales volumes, with a 97% drop from May to Augus… Read Summary

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Aug 23, 7:25 am

The Block

Circle Plans to Launch USDC on Six New Blockchains,

Circle Internet Financial is planning to launch its stablecoin, USDC, on six new blockchains including Polygon PoS, Base… Read Summary

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Aug 23, 6:54 am

Decrypt

FBI Warns Crypto Firms That North Korean Hackers ‘May Attempt to Cash Out Bitcoin’

The U.S. Federal Bureau of Investigations has issued an alert stating that funds associated with North Korean hacker org… Read Summary

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Aug 23, 6:01 am

Decrypt

Binance Labs Announces Investment in Fixed-Yield Protocol Pendle Finance

Binance Labs has made an undisclosed investment in Pendle Finance, a DeFi application focused on yield tokenization. The… Read Summary

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Aug 23, 1:12 am

Blockworks

BlockFi Is Battling FTX and 3AC Over Alleged Fraud, Seeking to Retain Billions of Dollars

BlockFi is fighting to retain billions of dollars from FTX and Three Arrows Capital over allegations of fraud. BlockFi a… Read Summary

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Aug 23, 1:06 am

DL News

Croatia Lays Out Clear Rules to Attract Crypto Activity and Become an EU Passporting Hub

Croatia is aiming to attract crypto activity by quickly establishing clear rules and becoming a passporting hub for the… Read Summary

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Coindesk

XRP Pukes Gains From SEC, Ripple Labs Court Ruling

The recent bearish sentiment in the market has caused tokens like XRP to lose significant gains after Ripple Labs’ court… Read Summary

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Coindesk

88% of Short-term Bitcoin Holders Are Facing Unrealized Losses

Recent price slide in Bitcoin has left short-term holders underwater on their coin holdings, with 88.3% of the supply co… Read Summary

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Decrypt

Ex-OpenSea Exec Receives 3-Month Sentence in NFT Insider Trading Case

Nathaniel Chastain, the former head of product at OpenSea, has been sentenced to three months in prison for using inside… Read Summary

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Aug 22, 1:30 pm

Decrypt

Base Daily Transactions Outpace Ethereum on Friend.tech Frenzy

Coinbase’s Ethereum layer2 solution, Base, has surpassed Ethereum in daily transactions, with 1.37 million transactions… Read Summary

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Aug 22, 12:35 pm

Decrypt

Sam Bankman-Fried, Living on Bread and Water in Prison, Pleads Not Guilty

Sam BankmanFried, the fallen crypto founder, is facing difficulties in jail as he awaits trial on fraud and conspiracy c… Read Summary

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Aug 22, 12:05 pm

Decrypt

Bitcoin Mining Startup Raises $13 Million to Turn Trash Into BTC

Nodal Power has raised $13 million in funding to convert methane gas from landfills into renewable electricity and use i… Read Summary

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Aug 22, 11:38 am

Coindesk

Balancer DeFi Users Pull Almost $100M After Exploit Warning

Balancer, a decentralized crypto trading project on Ethereum, has discovered a critical vulnerability that could put ten… Read Summary

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Aug 22, 11:12 am

Coindesk

Binance’s BNB Token Falls to Year-Low

BNB, the cryptocurrency associated with Binance, experienced a significant drop in value due to mounting regulatory and… Read Summary

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