TLDR: Coinbase to Suspend All Crypto Trading Except Bitcoin, Ethereum Turns 8, Revolut Shuts Down in the US, Introducing Provenance, Evmos 2.0, Coinbase launch Base and much more!

Bitcoin Highlights of the Week

Coinbase Asked to Suspend All Crypto Trading Except for Bitcoin

SEC asked Coinbase to suspend all crypto trading, except Bitcoin, raising concerns about the market's future prompting the community to seek clarity for a resilient crypto industry.

MicroStrategy Acquires 467 BTC

MicroStrategy acquired additional 467 bitcoin for $14.4 million in July. The company now holds 152,800. The company also announced that it aims to sell up to $750,000,000 in addition shares to purchase more Bitcoin.

Coinbase Embraces Lightning Network

Coinbase is poised to revolutionize the future of crypto payments by embracing Bitcoin's Lightning Network, promising faster and more cost-effective transactions.

Miners Chase $98K

In the exhilarating pursuit of profitability, Bitcoin miners must strive to achieve a six-figure BTC price by the 2024 halving, navigating challenges and ambitious projections for the crypto's future.

Tether Acquires 1,529 Bitcoin

Tether announced Q2Y23 operational profits over $1 billion. The company confirmed having bought 1,529 bitcoin worth $44 million in Q2Y23 and ended the period with a total of $1.67 billion worth of bitcoin.

Ethereum Highlights of the Week

Ethereum turns 8 - Happy Birthday Ethereum

Ethereum, one of the most influential blockchain platforms, recently celebrated its 8th birthday, marking a decade of innovation and success in the crypto space.

Introducing Ethereum Rainbow Chart

Introducing the Ethereum Rainbow Chart, a visual tool that showcases the digital asset's historical price movements. The Ethereum Rainbow Chart can be utilized in cryptocurrency investments.

Curve Finance and Security

Curve Finance recently fell victim to a devastating security flaw. The critical reentrancy vulnerability affected multiple factory pools, resulting in substantial losses and disruption within the DeFi ecosystem.

Revolut Shuts Down Crypto Services in US

Revolut is closing its cryptocurrency platform in the US. The decision does not affect Revolut’s customers outside of the US and impacts less than 1% of the company’s crypto customers globally.

ENS Whale Resurfaces

After a period of inactivity, a player in the ENS space has reemerged to claim a 40k ETH windfall. This whale, known for owning ENS domains like "darkmarket.eth," has resurfaced, sparking intrigue and curiosity in the community.

Cosmos Highlights of the Week

Secret Network and Ethereum Team Up

Secret Network and Ethereum join forces with a new initiative to support the Ethereum community in its mission to protect confidential data from the transparency of most blockchains.

Introducing Provenance Blockchain and Foundation

Provenance is a public, open-source blockchain that enables more than 60 financial institutions, fintechs, DeFi brands, as well as a number of banks and credit unions to actively issue, manage, and transact real-world assets at scale across alternative assets, capital markets, lending, and payments. As of 2023, more than $12B in financial asset transactions have been supported by Provenance Blockchain. Provenance Blockchain is part of the Cosmos ecosystem and purpose-built for the regulated financial services industry.

Kujira Announced Liquidity Campaign

To encourage users to provide liquidity on BOW, additional $USK incentives have been added to 8 LPs. This also distributes $USK to more users in our eco, allowing the community to try products like ORCA.

Evmos 2.0 Goes Live

Evmos launch EVMOS 2.0 which feature a new rebranding, StakeFi, IBC composability, and more.

Introducing Tradecurve

Tradecurve is a platform that aims to redefine the trading landscape with privacy with an all-in-one trading account where a diverse range of assets can be traded seamlessly privately.

Other Highlights of the Week

Memecoins on The Rise

$BALD led the charge, peaking out at an implied market cap near $100M before liquidity was summarily pulled by the deployer and the price crashed 99%.

Coinbase launches Base

Coinbase (COIN) launches its new Base blockchain, introducing the start of a new era of public companies running their own distributed networks. Base is built on Optimism’s open-source OP Stack which is designed to make it as easy as possible for users to bring their experiences on-chain.

Ajna Finance launches

Ajna Finance stands out from the DeFi borrowing and lending crowd due to its unique oracle-less and governance-less design, which operates according to a peer-to-pool model. Ajna doesn't depend on external price feeds to determine asset prices or rely on governance voting to set parameters like rates or loan-to-value ratios. These factors are entirely market-driven and managed by an internal order book within the protocol itself.

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