12 Sep 2024
Bitcoin and Ethereum ETFs experience net outflows, led by $54 million in Ark
On September 11, Bitcoin ETFs experienced notable outflows, with total flows amounting to a net negative of $43.9 million. Ark’s ARKB ETF recorded the most significant single movement, with outflows of $54 million. Fidelity’s FBTC ETF saw inflows of $12.6 million, partially offsetting the losses. Read more
Swift unveils global infrastructure to streamline tokenized asset transfers
Swift announced a new initiative on Sept. 11 to streamline global transactions and enable its members to use their Swift connection for transactions involving both traditional and emerging asset types, such as crypto. Swift plans to test multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on its global platform. Read more
Cleanspark’s $27.5M expansion to boost Bitcoin mining power by 22%
CleanSpark is set to acquire seven Bitcoin mining sites in Tennessee, along with associated properties, for $27.5 million, according to a Sept. 11 statement. The miner stated that these facilities have a combined power capacity of 85 megawatts (MW), which means the deal equates to about $324,000 per MW. Read more
DIA unveils ‘Lumina’ to disrupt trustless oracle networks
Decentralized Information Asset (DIA), a trustless oracle network, has unveiled its new oracle architecture, “Lumina,” according to a Sept. 11 statement shared with CryptoSlate. Lumina DIA co-founder Paul Claudius stated: “The new design of our architecture is a paradigm shift for oracles and its users that addresses previously accepted shortcomings in the industry.” Read more
The Protocol: Polymarket Bets Pay Off as Memecoin Memorializes 'Dwebate'
Crypto wasn't even mentioned during Tuesday's U.S. presidential debate between former President Donald Trump and Vice President Kamala Harris. But there was a parallel universe of often-ridiculous trading around the faceoff – taking place on blockchain-based prediction markets and memecoin launchpads. Read more
The Middleman’s Shadow in the Tokenization Complex
In the world of crypto, digital assets, and the dream of decentralization, the middleman is a figure of scorn. We speak of peer-to-peer networks with no need for gatekeepers. Yet, whether we like it or not, intermediaries haunt every corner of this landscape, says Fadi Aboualfa, head of research, Copper.co. Read more
Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase
Bitcoin {{BTC}} is in the midst of a period of negative correlation with gold, signalling a risk-averse environment where investors favor traditional safe-haven assets like gold as opposed to speculative assets. Read more
CoinDesk 20 Performance Update: Index Falls 2.1% with Only Two Gainers
Internet Computer gained 2.7% and Uniswap rose 0.3%, as all 18 other assets declined. Read more
Binance.US Chooses Fireblocks to Bolster Crypto Custody, Staking Services
The exchange will use Fireblocks to power hot and cold custody, customer deposits and withdrawals, and further expand staking services. Read more
Osmosis Launches Cross-Chain Token Portal 'Polaris,' Expanding Beyond Cosmos Roots
Polaris is described as a "token portal" aimed at solving one of decentralized finance's biggest challenges: fragmented user experience. Read more
U.S. Core Inflation Rose 0.3% in August, Faster Than Anticipated
Prior to this report, the Fed was widely expected to trim its benchmark lending rate by 25 basis points at its policy meeting next week. Read more
First Mover Americas: Bitcoin Drops Below $56.5K on Risk-Off Day
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more
AI Tokens ICP, FET Buck Crypto Market Drop as Apple Flags Artificial Intelligence Foray
The iPhone maker's "It's Glowtime" event on Monday focused on bringing AI capabilities to the smartphone. Read more
Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says
September could be another difficult month for the miners as bitcoin remains below $60K and the network hashrate continues to rise, the report said. Read more
Tokenized RWA Platform Huma Finance Gets $38M Investment, Plans Expansion to Solana and Stellar’s Soroban
Huma's payment-finance platform aims to address the liquidity needs of trade financing using blockchain technology for faster settlement. Read more
Indonesian Crypto Exchange Indodax Hacked for $22M; Pauses Activity Before Bigger Hit
The exchange is focused on the Indonesian market and recorded $11 million in trading volumes on Monday. Read more
Vitalik: L2s that aren’t at least ‘stage 1’ are dead to me
The Ethereum co-founder said it was “stage 1 or bust” for his acceptance of a layer-2 project’s decentralization progress. Read more
Bitcoin whale transactions see ‘noticeable’ drop since March price peak
Blockchain analytics firm Santiment says a decline in Bitcoin whale activity is not necessarily a bearish sign. Read more
Ford, Toyota double down on blockchain as driverless car tech stagnates
The automakers led the field in blockchain technology patent filings for Q2 2024. Read more
Comments