Ethereum
Despite numerous positive developments, ETH is underperforming this year, especially compared to Bitcoin and Solana.
Regulation
On Tuesday, Vice President Harris also saw the odds of her winning the election go to their highest level ever on Polymarket.
Bitcoin
The company launched a beta version of the app – Fedi Bravo – earlier this year.
Lawyers for the SEC claim that Coinbase’s broad discovery requests are part of an effort to put the regulator on trial. Coinbase’s chief legal officer says they are important to prove the SEC’s regulatory overreach.
After five weeks of inflows, bitcoin-related investment funds saw $400 million worth outflows last week.
DeFi
The record number of liquidations stemming from the sharp market wipeout helped DeFi lending protocols such as Moonwell generate record profits.
Spot Bitcoin ETFs saw a trading volume of $4.7 billion amidst Monday’s global rout, with BlackRock’s iShares Bitcoin Trust (IBIT) dominating the day by contributing 52% of the total, according to data from Coinglass.
The price of ether fell 20% as market maker Jump Crypto appeared to offload millions of dollars worth of crypto on Sunday.
The number of staked ETH has crossed a record level of 34 million amidst outflows from ETH ETFs stemming from Grayscale’s large fee rate as well as investor’s opportunity cost of not staking, per Nansen and a Dune dashboard by Hildobby.
Business
The Appellate Court of Montenegro has ruled that Do Kwon should be extradited to South Korea because their request came in earlier than the one from the US.
