Developments
friendtech
friendtech passed 2500 ETH in team earnings. This also means users of the platform have earned 2500 ETH from fees alone.
With yesterday’s verdict in favour of Grayscale, Bloomberg’s senior ETF analysts Elliott Z. Stein and James Seyffart (with Eric Balchunas contributing) have upped their predictions of a Bitcoin ETF launching this year from 75% to 95% stating that the the “unanimity & decisiveness of ruling was beyond expectations and leaves SEC with ‘very little wiggle room’ ”.
Prisma Finance, a to yet be launched Ethereum LST-backed stablecoin project, has acquired and locked $2 million of $CRV to ensure future liquidity depth of their stablecoin, mkUSD, by bidding to drive Curve’s reward boost for their future PRISMA/WETH and mkUSD/FRAXBP pools and thus attracting liquidity.
Users will be able to mint mkUSD through depositing wstETH, rETH, sfrxETH among other LSD’s.
Starknet has restored access for un-upgraded accounts after the crypto community responded with outrage to the idea of having to upgrade in order to not lose access to their funds. Before access was restored, $550,000 worth of crypto was seemingly lost forever.
Robinhood was confirmed to be the third largest Bitcoin wallet and the fifth largest ETH wallet (for a combined value of $6.26 billion of user assets). Additionally, Robinhood has integrated access to the Bitcoin and Dogecoin networks into their wallet.
This now means users can access the above networks in addition to the Ethereum, Arbitrum, Polygon and Optimism chains.
$CYBER price has increased by 140% over the last 32 hours. Spotonchain noted that DWF Labs bought 170K $CYBER at $4.5 ($765K) August 22, which is up 60% as of August 30th. Spotonchain also commented that “there tends to be a dramatic price change after DWF Labs interacts with a token lately” citing their previous activities with other tokens like $DODO, $YGG, $FET & $CYBER.
Binance will be removing the following trading pairs at 03:00 UTC in two days time (September 1st):
ANKR/BNB, CVC/BUSD, EPX/BUSD, HIVE/BUSD, IOTA/BNB
And the following pairs at 04:00 on the same day:
KLAY/BUSD, LRC/BNB, MBL/BUSD, MTL/ETH, UMA/BUSD
The phasing out of BUSD pairs comes after Paxos terminated its relationship with Binance earlier in February of this year
Trending Assets
CEX Overview
API3, up 12.89%, and FET, up 8.03%, were top performing CEX coins over the past day.
FET OI has increased 57.62% and SEI OI has increased 51.91% over the past day.
Top 300 Performers
CYBER is the top performer over the past day, and is up 62.28%, followed by FLEX, up 37.56%. SEI also performed well today, and is up 14.62%.
Top 300 Losers
Below $100M MC by performance, on chain
ARKM, up 9.41%, and rDPX up 8.26% are some relevant out performers below $100M MC.
Above $100M MC by performance, on chain
API3 is the top performer over the past day, followed by MC (Merit Circle), which is up 10.79%.
Above $1B MC by performance, on chain
Coins above $1B MC underperformed over the past day.
TVL
TVL Above $10M
TVL increases were particularly low over the past day, with the highest growing protocol being SushiSwap (which grew 3.66%).
Fees
Highest fee earner over the past day was Ethereum, whose fees earned were 104.18% higher compared to the previous day. Notably, GMX V1 fees earned increased by 395.66% over the past day, possibly due to the volatility following the news of SEC v. Grayscale.
Governance Proposals
[ARFC] Increase GHO Borrow Rate
Aave proposal to increase the borrow rate of GHO from the current rate of 1.5% to 2.5%, to ensure reduce peg deviation from $1 USD.
Articles / Threads
Aevo announces Optimism and Arbitrum deposits to Aevo, through Socket infrastructure.
Disclaimer:
The information and services above are not intended to and shall not be used as investment advice.
You should consult with financial advisors before acting on any of the information and services. ASXN and ASXN staff are not investment advisors, do not represent or advise clients in any matter and are not bound by the professional responsibilities and duties of a financial advisor.
Nothing in the information and service, nor any receipt or use of such information or services, shall be construed or relied on as advertising or soliciting to provide any financial services.