Crypto Roundup: NYSE Retreats, Ghana Regulates, Bybit Expands, Raise Adds Crypto Payments

Our feathered friend, the canary, has some crypto news to chirp about! The NYSE has decided to pull back on its plan for Bitcoin ETF options, while Ghana is taking steps to regulate the crypto industry. On a more positive note, Bybit is expanding its reach in Argentina with a new VASP license, and Raise is making it easier to use crypto by partnering with WalletConnect for gift card purchases.

Follow the lead of our Canary to discover unseen treasures!

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Meme of the Day

Market Movements - 16 Aug 2024

The downslide in the crypto market continued on Friday. Bitcoin dipped by -1.96% to $57,882.07, while Ethereum declined by -2.75% to $2,578.16. BNB was down by -3.14% to $511.51, and Solana decreased by -3.56% to $139.52.

Among altcoins, Tron dipped by -0.63% to $0.131, while Toncoin was down by -3.20% to $6.42. Cardano also declined by -2.36% to $0.330, and Avalanche was in red by -5.81% to $19.91.

Movers and Shakers

In the last 24 hours, the top gainers included UNUS SED LEO (+1.17%), Zcash (+0.27%), and Helium (+0.18%). The top losers included dogwifhat (-12.63%), Celestia (-11.97%), and Ethena (-11.91%).

Project Updates

1. Bitcoin sidechain developers unveil BitVM2 for scaling. It uses optimistic computation and permissionless challenges to boost transaction capacity without core protocol changes.

   Read more here

2. Chainlink's data feeds (Data Streams) and random number generation (VRF) are now available on Base, a layer 2 blockchain by Coinbase.

   Read more here

3. OKX Wallet expands its reach by bringing Solana's "Blinks" - shareable URLs for on-chain transactions - to all EVM-compatible chains. This allows users to interact with smart contracts using Blinks directly on platforms.

   Read more here

4. Unstoppable Domains has partnered with NFT project Deadfellaz and gains ICANN accreditation, becoming the world's largest on-chain domain name registrar.

   Read more here

5. Nebra deploys its ZK-proof aggregation technology on the Ethereum blockchain. This enables the consolidation of multiple ZK-proofs into a single proof, significantly reducing verification costs.

   Read more here

Hall of Fame, Hall of Shame

Sahil Makes $30M in Celebrity Crypto Scam

Dubai-based investor, Sahil Arora allegedly scammed $30M using celebrity tokens on the Solana-based platform Pump Fun. He is accused of employing pump-and-dump schemes to make profits from the tokens.

Read more here

TON Turbo Mining Scam Raises Red Flags

Red flags surround TON Turbo, a project on The Open Network. It offers Telegram-based "mining rigs" for TON & Shiba Inu, but users report withdrawal issues, hinting at a one-way deposit system. Its claimed partnerships lack verification, and unanswered inquiries raise suspicion.

Read more here

What moved in the Crypto World Today

NYSE Drops Bitcoin ETF Options Plan

The NYSE has withdrawn its proposal to list options based on Bitcoin ETFs, following similar actions by other exchanges. This comes after a period of SEC review and extensions.

Read more here

Bybit Gets Argentina VASP License

Bybit has obtained a Virtual Asset Service Provider (VASP) license in Argentina, allowing them to offer expanded digital asset services in the region. This move also grants Bybit the ability to operate as a card issuer.

Read more here

Ghana to Regulate Crypto Providers

Ghana's central bank has released draft guidelines for regulating crypto service providers, aiming to establish a framework for the industry's growth while managing risks.

Read more here

Raise Adds Crypto Payments via WalletConnect

Gift card giant Raise integrates WalletConnect for crypto payments. Users can now buy gift cards with popular tokens like ETH, BTC, and USDC directly from their crypto wallets within the Raise app.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Bitcoin trading infrastructure startup, Satflow raised $7.60M in a Seed funding round led by Variant Fund.

   Read more here

2. Tools for on-chain risk management developer, Chaos Labs raised $55M in a Series A funding round led by HAUN Ventures.

   Read more here

3. DAO-driven DeFi on Berachain, Goldilocks raised $1.50M in a Seed funding round led by Hack VC and Shima Capital.

   Read more here

4. Web3-enabled AI platform focused on creators, MyShell received undisclosed funding from Binance Labs Fund.

   Read more here

Whale Movements

1. Fresh wallet bc1qd withdrew another 256.6 BTC ($15M) from Binance. Txn details here

2. Another Fresh wallet bc1qd withdrew 129 BTC ($7.47M) from Binance. More details here

3. Wallet 0x57C (linked to Ether.fi) deposited 1.323M ETHFI ($1.91M) to Binance. Txn detail here

Today’s Token Unlocks

Uniswap (UNI) - $53.27M
Arbitrum (ARB) - $50.48M
Worldcoin (WLD) - $7.97M

Coinversation Street

Our Canary brings some of the trending and informative tweets from the crypto world:

@DefiIgnas article about the bullish case for ETH:

@mrjasonchoi about crypto markets:

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