⚖️Binance to Only Support BUSD - TWJ #223
Other stablecoins deposits & withdrawals be converted 1:1
In today’s issue:
The crypto market is flat with its total market cap above ~$900 billion. Luna Classic (LUNC) has been the best performer in the top 100 in the past 7-d.
In other news, Binance to only support BUSD, BlackRock taps CF Benchmarks, and Poolin mining pool froze withdrawals.
We’re continually improving our content, please reach out if you have ideas or want us to recap another market segment.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Binance to Only Support BUSD
The world’s largest crypto exchange will prioritize its own stablecoin, BUSD. All deposits and withdrawals of other stablecoins will be automatically converted 1:1 to BUSD. All trading pairs will be consolidated to just against BUSD.
⎆BlackRock Taps CF Benchmarks
The world’s largest asset manager's new Bitcoin private trust product will be benchmarked by CF Benchmark’s indexes, a Kraken subsidiary.
⎆Poolin Mining Pool Froze Withdrawals
Poolin, one of the world's biggest crypto mining pools, is suspending bitcoin and ether withdrawals from its wallet service due to "liquidity problems."
"As you may have known, Poolin Wallet is currently facing some liquidity problems due to recent increasing demands on withdrawals. But please be assured, all user assets are safe and the company's net worth is positive," the firm said in an announcement Monday.
👨🏻💻Decentralized Finance (DeFi)
Temple Ascend Launches September 6
BarnBridge v2 Deposit is Live
Solana Adding Move Support
Ethereum Classic Jumps Nearly 12% as Hash Rate Hits All-Time High
🏛Governance - Active Proposals
Compound - Initialize Compound III COMP Distribution
Compound - cETH Risk Mitigation
Compound - Risk Parameter Changes for FEI
Fei - TIP_121a (cont.): Consolidation ops and technical cleanup
Gitcoin - Public Goods Funding S15 Budget Request
Gitcoin - FDD S15 Budget Proposal
🦮NFT & Metaverse
Terror Groups may Turn to NFTs to Raise Funds and Spread Messages: WSJ
Ethereum Domain Names Top NFTs as Most Traded Asset on OpenSea
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Dust Lab - $7M Strategic Round
Internet Game - $7M Seed Round
⚖️Regulatory Update
Australian Federal Police Forms Cryptocurrency Unit to Tackle AML
UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts
Upbit Publishes Token Listing, Delisting Procedure After Government Pressure
Bybit Barred From Brokering Securities in Brazil
Nigeria Plans to Create a Virtual Free Zone With Binance
📚Noteworthy Reads
Korpi’s Read on Is The Ethereum Merge Overhyped?
Ignas’s Thread on Top 7 Innovation Tokenomics
Dune’s Read on Dune Digest
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.