News Explorer — The Federal Reserve’s Hawkish Stance Hits Bitcoin, Broader Crypto Market

Bitcoin and the broader crypto market experienced a downturn after the U.S. Federal Reserve indicated its continued hawkish stance in its latest meeting minutes. Bitcoin dropped by 2% to trade at $28,549, while the total market capitalization of cryptocurrencies decreased by 1.7% or nearly $20 billion. The SP 500 index also continued its decline, and the dollar index reached a one-month high due to rate hike expectations.

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Aug 17, 9:07 am

Decrypt

Bitcoin, Ethereum Hit Multi-Year Low Volatility, Making Them Less Volatile Than Oil

Bitcoin and Ethereum, known for their volatility, are experiencing a period of low volatility, with their 90-day volatil… Read Summary

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Aug 17, 8:31 am

Decrypt

The Federal Reserve’s Hawkish Stance Hits Bitcoin, Broader Crypto Market

Bitcoin and the broader crypto market experienced a downturn after the U.S. Federal Reserve indicated its continued hawk… Read Summary

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Aug 17, 7:44 am

DL News

Aave’s Stablecoin GHO Struggles to Hold $1 Peg Amid Weak Demand, Absence of a Redemption Mechanism

Aave’s stablecoin GHO has been trading below its intended $1 peg since its launch in July, fluctuating between $0.97 and… Read Summary

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Aug 17, 7:27 am

The Block

Over $1.8M in Transactions Stuck on Shiba Inu, Ethereum Bridge Shibarium

Transactions on Shibarium are stuck in a pending state, with over 1,003 Ethereum ($1.8 million) locked. Beosin, a blockc… Read Summary

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Aug 17, 6:00 am

Coindesk

Bitcoin, Ethereum Futures Traders Hit by $320M in Liquidations Overnight

Bitcoin and Ethereum futures traders experienced significant losses as prices dropped below support levels, with Bitcoin… Read Summary

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Aug 17, 12:01 am

The Block

Polygon Labs and SK Telecom Join Forces to Develop a Web3 Ecosystem

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Decrypt

Bitcoin Hits All-Time High in Argentina Following Javier Milei’s Shocking Win

Bitcoin has reached its highest value ever in Argentina following the surprising victory of a crypto-friendly libertaria… Read Summary

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The Block

Shiba Inu and Other Memecoins Decline Following Shibarium Launch

Shiba Inu’s decline is attributed to the launch of Shibarium, a layer 2 memecoin ecosystem, at the Blockchain Futurist C… Read Summary

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Decrypt

Grimace Forever: McDonald’s Is Giving Away Free NFTs That You Can’t Trade

McDonald’s Singapore is launching a giveaway of 2,000 NFT collectibles featuring the fast food icon Grimace. The NFTs wi… Read Summary

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Aug 16, 9:52 pm

Blockworks

Linea Completes DeFi Mainnet Launch With ERC20 Token Bridge

Linea has completed the final stage of its mainnet launch by deploying an ERC20 token bridge, allowing third-party bridg… Read Summary

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Aug 16, 9:41 pm

Decrypt

SHIB Developers Deploy Layer-2 Shibarium to Ethereum Mainnet

The Shiba Inu SHIB ecosystem has launched Shibarium, its Ethereum layer2 network, after an extensive beta testnet phase… Read Summary

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Aug 16, 9:06 pm

Reuters

Valkyrie Files for Ethereum Futures ETF With the SEC

Asset manager Valkyrie has filed for an Ethereum-focused ETF with the US SEC. The ETF will invest in ether futures and o… Read Summary

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Aug 16, 9:09 pm

Blockworks

Former FTX Executive Sina Nader Brings Celebrity-Studded Resume to Mysten Labs

Sina Nader, former head of partnerships for FTX US, has joined Mysten Labs as head of strategy. Nader, who previously wo… Read Summary

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Aug 16, 7:42 pm

Decrypt

Coinbase Gives Out $120,000 Worth of Bitcoin to WNBA Players

Coinbase has awarded WNBA players $120,000 worth of Bitcoin as part of its sponsorship of the league. Each player receiv… Read Summary

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