BTC is currently trading around $58,200 and ETH around $2,600. Notable gainers in the last 24 hours are HNT, LTC, and TRX. The global crypto market cap is $2.14T, down 3.0% over the last day. DeFi Total Value Locked is ~$84b and BTC dominance is around 57%.
Notable news includes: The IMF proposed materially higher energy taxes on crypto and AI data centers to reduce emissions; a court in Dubai ruled that crypto is a valid form of payment for salaries; Russia’s central bank held talks about creating legal crypto exchanges in the country; Malaysia partnered with Worldcoin to use its technology for personal verification and digital IDs; US VP Harris’ odds to win the Presidency hit an all-time high with a 10% lead over Trump; Donald Trump Jr unveiled a “The Defiant Ones” Telegram channel for his forthcoming secret crypto project; Circle published a whitepaper regarding risk-based capital for stablecoins; Anchored Coins paused issuance and withdrawals of its AEUR stablecoin after FlowBank, which holds some AEUR reserves, collapsed; Bitcoin funding rates on Binance hit a year-to-date low; Robin Linus released BitVM2 to enable programability on Bitcoin with better efficiency and fewer shortcomings than the prior version; and, the Arbitrum community voted to launch Stylus on September 3 to enable developers to program smart contracts in Rust, C, and C++.
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Author:
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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