Are you curious about the latest in the crypto world? Here’s a rundown of today’s key trends and events affecting Bitcoin prices, blockchain technology, DeFi, NFTs, Web3, and crypto regulations.
Ether ETF flows turn positive for first time in 2 weeks, bolstered by BlackRock.
Ethereum (ETH) against the U.S. Dollar is trading at USD 2,582.94, reflecting a 2.11% increase over the past day.
In recent news from Cointelegraph, Ether exchange-traded fund (ETF) flows have turned positive for the first time in two weeks, largely driven by the involvement of BlackRock. This development was reported on August 29, 2024, at 20:30 GMT+5:30.
The inflows turned positive thanks to slowing outflows from Grayscale’s Ether ETF (ETHE), which recorded the smallest daily outflow in over two weeks, amounting to $3.8 million. However, Grayscale has sold over $2.5 billion worth of Ether since the ETFs started trading on July 23, raising concerns about the potential for increased selling pressure.
ETHUSD has gained 2.11%, while ETHUSDT has seen a rise of 2.17%.
Alchemy acquires blockchain infrastructure provider Bware.
Alchemy, a prominent Web3 development firm, has acquired the Romanian blockchain infrastructure provider Bware. As part of this acquisition, Bware's team of 40 employees will be integrated into Alchemy's product department. This strategic move expands Alchemy's footprint in Europe, and the firm has committed to further investing in Bware's Romanian presence and team, according to a statement shared with The Block. The financial details of the deal have not been disclosed.
The acquisition will not impact the existing customers of either Alchemy or Bware. Furthermore, Alchemy will not assume control of Bware's INFRA decentralized network or its associated token, as stated in the release.
Bware CEO and co-founder Flavian Manea commented on the acquisition: "As companies, we have each approached the Web3 market from different perspectives: Alchemy has concentrated on robustness and a wide array of services, while Bware Labs has prioritized cost efficiency and latency."
In addition to this recent acquisition, Alchemy acquired Satsuma, a Web3 data indexing platform, in September 2023. The firm also partnered with Worldcoin to enhance infrastructure for the upcoming World Chain blockchain, as reported earlier by The Block.
Aptos network integrates Nillion for privacy-preserving apps
Aptos is integrating the privacy platform Nillion to enhance support for privacy-preserving applications on its layer-1 blockchain network, as reported by Nillion to Cointelegraph on August 29.
This integration will enable Aptos to support various applications, including confidential decentralized finance (DeFi), private artificial intelligence (AI) assistants, secure social media, private gaming and collectibles, and more, according to Nillion.
Nillion highlighted user benefits, stating, "DeFi users could gain from private trade execution or hidden liquidation vaults, while supply chains could improve transparency without compromising sensitive data."
Founded in 2021, Nillion is a platform that specializes in "blind computation," utilizing technologies such as multiparty computation (MPC) and fully homomorphic encryption (FHE) to "decentralize trust for sensitive data in the same way that blockchains decentralized transactions," as described on Nillion’s website.
The company further explained that "Nillion’s blind computation technology could ensure that user interactions with Aptos-customized AI models remain completely private."
This integration comes amid concerns over privacy-oriented technologies following the arrest of Telegram co-founder and CEO Pavel Durov in France. This has raised fears of a potential crackdown on such technologies that are often vital for crypto operations.
Ethereum creator Vitalik Buterin expressed his concerns on August 25 via a post on the X platform, stating that the arrest "looks very bad and worrying for the future of software and communications freedom in Europe."
Launched by Aptos Labs in 2022, the Aptos network currently holds approximately $425 million in total value locked (TVL), according to data from DefiLlama. Aptos Labs has successfully raised over $400 million from investors, including a16z, Apollo Global, Franklin Templeton, Dragonfly, PayPal Ventures, and Coinbase Ventures.
Binance and Coinbase ranked as safest exchanges by crypto investors
TALLINN, Estonia, August 29, 2024 (GLOBE NEWSWIRE) — A recent exclusive survey by AMBCrypto reveals that 78% of respondents consider Binance and Coinbase the safest cryptocurrency exchanges.
This strong endorsement underscores these platforms' pivotal role in maintaining security within the crypto trading ecosystem.
Key insights from the survey include:
- Security Practices: 43% of investors prioritize using hardware wallets to secure their assets. Despite emphasizing security, many users still overlook essential practices, such as regularly updating passwords, leaving them vulnerable to cyber threats.
- Impact on the Industry: The high regard for Binance and Coinbase is likely to encourage other exchanges to strengthen their security measures to remain competitive.
- Industry Leadership: Binance and Coinbase have consistently worked to comply with global regulatory standards, which has played a crucial role in building trust among investors.
This survey is part of AMBCrypto's August 2024 crypto market report, which provides an in-depth analysis of topics such as the performance of layer-1s, the boom in prediction markets, the growth of the stablecoin industry, and a study of the NFT market.
The full report is available for access, and AMBCrypto experts are also on hand to answer any questions and provide further analysis.
Trump to announce plan to make US ‘crypto capital of the planet’
Former President Donald Trump announced on X that he would unveil a plan on Thursday to position the United States as a global leader in cryptocurrency.
In his post, the Republican presidential nominee also tagged World Liberty Financial, a DeFi project that has been promoted by his sons. Trump stated, "This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet," and the post concluded with the World Liberty Financial logo.
Trump's sons, Donald Trump Jr. and Eric Trump had previously hinted at an upcoming announcement related to cryptocurrency and decentralized finance (DeFi) a few weeks ago. Since then, Trump has also made efforts to generate excitement around this anticipated announcement.
About an hour before Trump's post on Thursday, World Liberty Financial issued a warning on its Telegram channel, advising people to be cautious of scams. The message stated, "We have been made aware of some ads circulating on Telegram claiming to be from us, offering fake airdrops or token sales. We are not conducting any airdrops or selling any tokens at this time."
Since speaking at the Bitcoin 2024 conference in July, Trump has shown increasing interest in engaging with crypto-conscious voters and potentially becoming involved at an entrepreneurial level. NFT collections featuring Trump's likeness have been available on the market since late 2022.
At the Bitcoin conference, Trump pledged to dismiss Gary Gensler, the current chair of the Securities and Exchange Commission (SEC). He also expressed his intent to prevent the U.S. from selling its bitcoin holdings and proposed creating a "strategic bitcoin reserve" if elected in November.
It remains unclear what specific services World Liberty Financial will provide or how Trump will be involved in the project.
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