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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.

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.

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.

DeFi
Privacy-focused Nillion Network Integrates with Arbitrum
The “blind computing” protocol aims to provide privacy and scalability features to Arbtirum’s 600+ dApps.

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.

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.

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.

Tokens
Tron Community Shaken By 12,000 BTC Withdrawal From USDD Reserves
This decision was executed without action from the Tron DAO.

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.

Markets
Bitcoin Price Rises Despite Uptick in Unemployment Claims
Traders await Powell’s speech at the Jackson Hole Economic Symposium on Friday.




