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🚨 Markets chose violence into the weekly close after Israel launched strikes on Iran. BTC slipped below $64,000 as the entire market bled red.
Polymarket's parent company, Blockratize, has filed to register the POLY trademark. The chances of the token launch have increased dramatically on the Opinion platform.
📉CZ: remember that for every seller there is a buyer.
🪙Ripple Starts Testing Its New Stablecoin on Ethereum and XRP Ledger. Fintech firm Ripple today announced that it had started testing its new stablecoin on its own blockchain and Ethereum. The San Francisco-based company said Friday that Ripple USD (RLUSD) would help meet worldwide demand for stablecoins and be used for cross-border payments. But its testing is only the first step. “RLUSD has not yet received regulatory approval and therefore is not available for purchase or trading—please be cautious of scammers who claim they have or can distribute Ripple USD,” the company warned on Twitter. Ripple added that while RLUSD is being tested on its native blockchain, XRP Ledger, and the second biggest crypto network, there are plans to run the asset on others.
BlackRock's Larry Fink said bitcoin is a legitimate financial asset that everybody should hold.
Jump Crypto unstakes $315M of ETH, now headed to exchanges. Jump still holds at least $125 million of staked-Ether, blockchain data from Arkham shows. Jump Crypto, the crypto division of Jump Trading, has shifted hundreds of millions of dollars worth of crypto to exchanges in recent days — sparking speculation that it may be preparing to sell off a huge chunk of its assets. Crypto sleuth EmberCN estimated approximately $410 million of Ether has been unstaked with $191 million of that already entering crypto exchanges. Jump Crypto still holds at least $125.8 million of staked-Ether, including $116.1 million of wrapped-Lido Staked Ether (WSTETH). Data from blockchain analytics platform Arkham shows much of those funds were unstaked at Ethereum redeem address “0x986…608c6” before being moved to Binance, OKX, Coinbase, ByBit and Gate.io deposit addresses. The mass transfers come about five weeks after Kanav Kariya stepped down as Jump Crypto’s President following widespread reports of a Commodit…
🔄MakerDAO rebrands to Sky, DAI stablecoin optionally upgradeable to USDS. MakerDAO, the decentralized autonomous organization behind the DAI stablecoin, has rebranded to Sky and named its new upgradeable tokens, set to launch on Sept. 18. As part of the project’s “Endgame” plan, the changes will allow DAI holders to upgrade to a new stablecoin, Sky Dollar (USDS), at a 1:1 ratio that provides access to native token rewards. MakerDAO’s governance token, * MKR +0.69% , which currently has a value of $2,129, according to The Block’s MKR price page, will become upgradeable to SKY at a 1:24,000 ratio. The Block reported on the redenomination plans last week, though the token names had yet to be unveiled. The redenomination aims to broaden participation in MakerDAO’s governance by allowing more users to hold significant amounts of SKY.