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Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets
Lending platform Maker’s governance tokens soared to near one-year high prices last week prior to the sales.
Dogecoin price hits a two-month high amid speculations that Twitter’s rebrand to X would add a DOGE payment option.
Bitcoin is down to one-month lows, and BTC price predictions are tending to assume worse is to come — how much lower can bears manage?
PLUS: BTC's positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns.
- 14:22Balancer: MKR migration to SKY is scheduled to end on September 18, overdue migration may result in lossesJinse Finance reported that Balaner posted on X platform reminding that the migration deadline from MKR token to SKY token is September 18. This means that current MKR token holders have only five days left to complete the migration, otherwise they may face penalties. If governance approval is obtained, starting from September 22, overdue migrations will lose 1% of SKY tokens (increasing quarterly). This means that for each MKR token held, one may lose 240 SKY tokens.
- 12:57Tether's new stablecoin USAT is planned to launch by the end of the yearChainCatcher reported that crypto journalist Eleanor Terrett stated that Tether held the US launch event for its new stablecoin USAT in New York. Tether CEO Paolo Ardoino said the goal is to launch USAT by the end of the year. The new CEO Bo Hines announced that the new US headquarters will be located in Charlotte, North Carolina.
- 12:35DefiLlama founder: Figure TVL data authenticity is questionable, not excluded from the ranking due to X platform follower countChainCatcher reported that DefiLlama founder 0xngmi posted on social media stating that DefiLlama discovered a serious discrepancy between Figure's on-chain assets and trading volume: BTC and ETH reserves are extremely limited, its own stablecoin supply is minimal, most loans are still processed in fiat currency, and there is almost no on-chain trading. They suspect that most of Figure's TVL may simply be a mirror of an internal database rather than real, tradable assets. As part of due diligence, DefiLlama has discussed Figure's TVL data (claimed to be $12 billion) with the Figure team in a Telegram group chat and has raised several system and issuance-related questions. However, a person familiar with the entire process spread rumors on X (formerly Twitter) claiming that DefiLlama refused to list Figure due to its follower count on X, and some even implied that DefiLlama charges listing fees, which is completely untrue. In fact, DefiLlama has never refused any project due to follower count, nor has it charged any fees, and it continues to adhere to strict due diligence to ensure the authenticity and reliability of the data.