Cryptocurrency News Digest for the Night of August 21, 2024

By the morning of August 21, the Bitcoin (BTC) rate was at $59,540, down 2.1% from the previous day. Ethereum (ETH) fell 2.8% to $2,590. Solana (SOL) fell to $142.65, down 3.1%. According to SoSoValue, the total net inflow of Bitcoin spot ETFs on August 20 was $88.06 million, while Ethereum-based products recorded an outflow of $6.49 million.

Solana ETF Will Not Be Approved by the SEC

The commission has determined Solana (SOL) to be a potential security, delaying approval of the ETF. The 19b-4 filings by VanEck and 21Shares have now been removed from Cboe’s website.

Ledn Gets $50M Loan

The platform secured a groundbreaking $50 million Bitcoin-backed syndicated loan through a partnership with Sygnum to expand its retail lending operations.

Linea collaborates with Status

The companies have partnered to launch Rollup’s open-source Layer 2 (L2) network. Status will contribute to the development using zero-knowledge (ZK) technology.

Starknet to Hold Staking Vote

The developers decided to launch a betting program STRKTo do this, they initiated a vote in which asset owners themselves would determine the mechanisms for minting and adjusting the protocol.

Galxe Launches Alpha Version of Gravity

The developers reported a successful launch of the alpha version of the main network of the L1 Gravity blockchain using Arbitrum Nitro. They have already integrated the Quest and Compass products.

Curve Founder Seeks $6.3M in CRV

Mikhail Egorov offered to receive 21 million CRV from the Curve DAO community fund. In his opinion, these funds are necessary to support the development efforts of Swiss Stake AG.

Binance Prevents $2.4 Billion Loss

The exchange successfully prevented potential thefts of more than $2.4 billion in the first 7 months of 2024, successfully stopping crypto fraud and other initiatives of attackers. The efforts of the security team allowed to save the digital assets of 1.2 million users.

Base presents Basenames

On the web from developers Coinbase A new service has been launched. It allows you to simplify wallet addresses into convenient names using Ethereum Name Service (ENS) technology.

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