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Swell's New Bitcoin LRT: swBTC
Education

Swell's New Bitcoin LRT: swBTC

Swell, the non-custodial staking protocol known for its liquid staking token (swETH), its liquid restaking token (rswETH), and its L2 under development, just launched its first BTC LRT, called swBTC.
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DeFi

USDC Market Capitalization Surges to 15-Month High

At $34 billion, USDC’s market capitalization is at its highest level since March 2023, but the stablecoin lags well behind USDT, which boasts $117 billion.
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NFTs & Web3

Dimensionals NFT Project Abandons Web3, Blames Bear Market

The NFT project, led by Mino Games, faces community backlash after its controversial exit from the blockchain space.
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DeFi

Privacy-focused Nillion Network Integrates with Arbitrum

The “blind computing” protocol aims to provide privacy and scalability features to Arbtirum’s 600+ dApps.
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People

Former Kansas Bank CEO Gets 24 Years in Jail After Falling for ‘Pig Butchering’ Scam

Shan Hanes embezzled $47 million and lost it all to a common crypto scam.
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Markets

Bitcoin and Ethereum Rally as Fed Chair Hints at Imminent Rate Cuts

Over $6 million has been wagered on Polymarket on potential outcomes of the Federal Reserve's September interest rate decision.
Bitcoin Transaction Fees Spike 10x Amid Babylon’s Mainnet Launch
Blockchains

Bitcoin Transaction Fees Spike 10x Amid Babylon’s Mainnet Launch

Users maxed out Babylon’s 1,000 BTC deposit limit within four hours despite the protocol limiting transfers to 0.05 BTC per transaction.
Tron Community Shaken By 12,000 BTC Withdrawal From USDD Reserves
Tokens

Tron Community Shaken By 12,000 BTC Withdrawal From USDD Reserves

This decision was executed without action from the Tron DAO. 
Sony Unveils Web3 Division and Layer 2 Network
Blockchains

Sony Unveils Web3 Division and Layer 2 Network

Sony Block Solutions Labs and Startale Labs will soon launch a testnet for the upcoming Soneium Layer 2 network.
investors cheering a market rally
Markets

Bitcoin Price Rises Despite Uptick in Unemployment Claims

Traders await Powell’s speech at the Jackson Hole Economic Symposium on Friday.