Coinbase’s Jesse Pollak set off a debate on Crypto Twitter after suggesting that Fortnite’s in-game economy could be “10x better onchain. ” In a post on X, Pollak, who heads Base, Coinbase’s Ethereum layer-2 network, argued that moving a title like Fortnite on-chain would unlock new opportunities for both companies and players. “For the company: because […] source: https://www.cryptopolitan.com/ct-reminds-pollak-blockchain-games-just-dont-work/

According to Cointelegraph, the Basel Committee on Banking Supervision (BCBS) has implemented capital requirements that are perceived as a strategic barrier to the expansion of the cryptocurrency sector. Chris Perkins, president of investment firm CoinFund, argues that these banking standards create a 'chokepoint' by increasing reserve requirements for banks holding crypto assets, thereby reducing their return on equity (ROE). This makes crypto-related activities financially unviable for banks, effectively stifling industry growth. Perkins explains that the regulations indirectly suppress activity by making it prohibitively expensive for banks to engage in crypto ventures, leading them to prioritize investments in high ROE businesses instead. In April, Perkins voiced concerns over the Bank for International Settlements' (BIS) proposals to impose know-your-customer (KYC) requirements and other traditional banking regulations on decentralized finance (DeFi) protocols and stablecoins. He contends that these measures contradict the fundamental principles of permissionless networks. Perkins highlights the systemic risk posed by the disparity between decentralized networks, which operate continuously and can shift liquidity in real-time, and traditional financial systems that remain closed during nights and weekends, resisting technological advancements. The BIS, serving as a central bank for sovereign central banks and organizing BCBS conferences, released a report in April warning that cryptocurrencies could destabilize the financial system. The report's authors also suggested that the growth of the crypto market could widen the wealth gap, advocating for stricter government regulations. In June, the BIS published a follow-up report titled 'Stablecoin Growth: Policy Challenges and Approaches,' asserting that stablecoins fail as a form of money and could pose systemic risks to the financial system. The report noted the increasing cross-border use of stablecoins and their growing market capitalization, which could potentially impact the traditional financial system. The BIS has consistently promoted the adoption of central bank digital currencies (CBDCs) and other centralized digital technologies as alternatives to privately-issued and decentralized cryptocurrencies.

Deribit introduces USDC-settled Bitcoin and Ethereum options, enhancing trading versatility post-Coinbase acquisition. source: https://coincu.com/355389-deribit-usdc-options-launch

The current capital reserve requirements and rules make holding cryptocurrencies too costly for banks, limiting the sector's growth. source: https://cointelegraph.com/news/basel-bank-capital-rules-create-chokepoint-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Whales have snapped up 200M Cardano in a fresh $157M buying spree, signaling surging big-money confidence in ADA. source: https://zycrypto.com/cardano-whales-strike-with-200-million-ada-buy-as-etf-odds-reach-75/

Recent price action has shown that XRP is establishing the $3 price level as a base, and an analysis of its fundamentals indicates various conditions that could push its price to multiple all-time highs. According to crypto analyst David_kml, XRP is no longer confined to speculation but is steadily becoming a vital part of global finance. This trend is very important in its push to new price highs. At the same time, XRP’s chart structure on the weekly candlestick timeframe shows that it may be approaching a breakout similar to Ethereum’s explosive run between 2016 and 2018 source: https://www.newsbtc.com/altcoin/xrp-price-could-be-headed-to-new-all-time-highs-due-to-these-factors/

If the investor chooses to sell, they'll lock in a return of around 14,269x at current prices after not touching their ETH since the network's ICO. source: https://www.theblock.co/post/367180/ethereum-ico-wallet-moves-1-5-million-in-eth-originally-purchased-for-104?utm_source=rss&utm_medium=rss

"We’re excited to welcome Bitpanda to our Arsenal family as the latest global brand to join our diverse stable of partners," the club's CCO said. source: https://cryptopotato.com/premier-league-giant-arsenal-strikes-partnership-with-crypto-broker-bitpanda-details/

Crypto exchange Kraken has suspended deposits of Monero (XMR) after the network suffered a confirmed 51% attack on August 12, raising fresh concerns over the security of mid-sized Proof-of-Work blockchains. source: https://cryptodnes.bg/en/kraken-suspends-monero-deposits-after-51-attack-linked-to-qubic-pool/

Hyperbeat completes $5. 2M seed round led by ether. fi Ventures, advancing permissionless DeFi infrastructure. source: https://coincu.com/355380-hyperbeat-secures-5m-for-defi-infrastructure

If you are reading this article and your funds are still deposited in the CoinUP platform or the "Water Mother Protocol" project, please stop everything you are doing immediately and read the following carefully.

Recently, the cryptocurrency exchange BTCTurk issued an announcement confirming that it had been hacked, with abnormal outflows of funds exceeding US$48 million from multiple on-chain hot wallets.

The guidance describes custody as holding digital assets on behalf of clients, while emphasizing that this does not create new regulatory requirements.

Regulation, law, policy: Why has the traditional regulatory system become a joke when it comes to blockchain? Golden Finance: Finally, has someone figured out how to regulate cryptocurrency?

Sometimes, I am really glad that I came to the blockchain industry. There are so many industry dividends that I can reap.

On August 15, the Federal Reserve announced the abolition of the "Neo-Emerging Activities Supervision Program" (NASP), which was established in 2023.

Driven by rising market expectations of a September interest rate cut and continued strong institutional demand, Bitcoin briefly broke through $124,000 today, surpassing its previous historical high.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry trends.

Ethereum has solved the dilemma of not having a killer application recognized by the traditional world for many years, and has become the hottest "LABUBU" in the encryption and digital asset world.

随着非洲乃至全球加速拥抱数字创新，加密 / 稳定币支付通道为企业在瞬息万变的市场中扩张提供了契机。