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NFT activity rebounds as new utility-based collections launch.
Tokenized real-world assets surpass $2 billion in issuance across public blockchains.
Sentiment indicators point to cautious optimism after several weeks of market stability.
The U.S. Securities and Exchange Commission (SEC) has filed a Notice of Appeal against the August 7, 2024, ruling in its case against Ripple Labs, indicating ongoing legal challenges for the company
Crypto ETFs See Inflows for Second Day Bitcoin ETFs have seen inflows for the second consecutive day, as Bitcoin’s price remains stable at around $60,000. This continued interest suggests growing confidence in Bitcoin ETFs as a viable investment vehicle This trend indicates increasing institutional adoption, which could lead to greater market stability and broader acceptance of Bitcoin as an investment asset.
Nigerian Blockchain Group Seeks Binance Case Resolution The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) is calling for a fair resolution in the Binance case. BICCoN believes that a balanced approach can help Nigeria create a supportive environment for blockchain innovation A balanced regulatory approach is crucial for fostering innovation while ensuring consumer protection, setting a positive example for other countries.
Arbitrum’s Continued Dominance Arbitrum, a leading Ethereum Layer 2 solution, continues to dominate with over 51% of all value deposited in second-layer platforms on Ethereum. The introduction of the Stylus protocol, which supports Rust and C++ in addition to Solidity, aims to attract a broader range of developers Arbitrum’s sustained dominance and technological advancements position it well for future growth. The inclusion of multiple programming languages can significantly boost developer adoption and innovation on the platform, enhancing its competitive edge in the Layer 2 space.