Solana (SOL), with a current market cap of roughly USD 54 billion, began the year with a capitalization of about USD 85 million. Over the past 30 days, SOL has added USD 44 billion to its market cap.
In a series of tweets Tuesday, Coinbase CEO Brian Armstrong revealed that the SEC has threatened to sue the venue if it launches its interest-bearing “Lend” product.
Attorneys working for the SEC are “seeking information about how investors use Uniswap and how it is marketed.” In an interview with the newspaper in August, SEC Chairman Gensler said DeFi projects aren’t immune to regulation.
The BTC hash rate has shown signs of sustained recovery following China’s crackdown while SegWit usage is at an all-time high. Today, we review select BTC blockchain metrics.
Smart contract assets in the Top 10 have added an aggregate USD 172 billion to their market caps over the past month while BTC dominance is at 42%, its lowest point since early June. We review key market stats.
Tether and Bitfinex have requested to block a Freedom of Information Law (FOIL) request from CoinDesk to have the New York Attorney General release “documents attesting to [USDt’s] reserve composition.”
Solana (SOL) reached an all-time high market cap of USD 36.2 billion this morning. The network’s approach to blockchain scaling is unique among peers, but is unproven in practice.
CENTRE Consortium, formed by Coinbase and Circle to launch the USDC Stablecoin, announced that it will change the reserves composition for USDC. We contrast the change with current disclosures published by Tether for USDt reserves.
Crypto made up 50% of transaction-based revenue in Q2, up from just 17% in Q1, and the firm guided for lower revenue and net funded accounts for the period ending September 30, 2021.
