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Ethereum Surpasses Mastercard, Netflix, Exxon Mobil In Market Cap Ethereum’s bold move to $4,500 and 21% weekly rally has taken its market cap over $520 billion, overtaking top corporate giants like Mastercard, Netflix, and Exxon Mobil. This makes ETH the 22nd largest asset in the market following the strong ETH price rally in July. Market analysts are hopeful of further upside, as ETH challenges Visa next.
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Aave Active Borrows Soar: Unpacking the $25 Billion Milestone The world of decentralized finance, or DeFi, constantly evolves, breaking new ground and setting unprecedented records. A recent headline from JinSe Finance has captured significant attention: Aave active borrows have soared past an astounding $25 billion. This remarkable achievement highlights the immense growth and increasing utility of the Aave protocol, cementing its position as a leading force in DeFi lending. What does this massive surge in Aave active borrows signify for the broader crypto landscape? Let’s delve deeper into this impressive milestone.
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Ripple CTO Reacts to SEC's Post-Lawsuit Statements David Schwartz, chief technology officer at Ripple, has taken to the X social media to react to the post-lawsuit statements posted by SEC officials with a quote from a British comedy sketch. This comes after the long-lasting legal battle was officially "laid to rest" last week. "A simply super day" The Ripple exec posted a GIF from Sam Peckinpah's "Salad Days," which is a sketch that appears in one of the episodes of "Monty Python's Flying Circus," a British surreal sketch comedy that first premiered in 1969. The Ripple case is finally over As reported by U.Today, SEC Chair Paul Atkins and Commissioner Hester Peirce stated that the agency can now concentrate on creating proper regulation for the XRP price. Stuart Alderoty, chief legal officer at Ripple, thanked Chair Atkins for "moving America towards clear rules of the road." Read more on U.Today https://u.today/ripple-cto-reacts-to-secs-post-lawsuit-statements?utm_medium=referral&utm_source=coinstats
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JUST IN: 🔐 51% Attack on Monero: Qubic Appears to Have Seized Control of the Network. According to the, evilcos, founder of SlowMist, the mining pool Qubic has gained control over the majority of Monero's hash rate, enabling a large-scale blockchain reorganization. This kind of control allows for rewriting the network’s history, launching double-spend attacks, and censoring transactions. Source: Redblack News
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Ethereum: Institutional Adoption Creates Bullish Impact ETHZilla (formerly 180 Life Sciences) partnered with Electric Capital to manage an Ethereum treasury strategy, allocating 82,186 ETH ($349M) to generate yield. This follows SharpLink Gaming's $6B ETH reserve plan and Bit Digital's shift from BTC to ETH. What this means: Large-scale corporate holdings reduce liquid supply and anchor long-term demand. Similar to MicroStrategy's Bitcoin strategy, this validates ETH as a treasury asset. ETH ETF inflows also surged, with $602M added on August 10 alone (CoinMarketCap).
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Latest News
Crypto News: Ethereum Price Breaks $4,500, Bitcoin Near $120K, BNB Hits $830 as Inflation Data Fuels Rally
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BNB Surpasses 830 USDT with a 3.13% Increase in 24 Hours
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Ethereum (ETH) Surpasses 4,500 USDT with a 4.86% Increase in 24 Hours
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USDC Treasury Burns 80 Million Tokens on Ethereum
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Binance's Role in Dismantling International Money Laundering Network
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