Author: American Coins & Gold

Aerodrome Fanatics Deposit 0M to Base Blockchain on First Day
Its creators hope to emulate the apparent success of Velodrome, one of Optimism network’s most used platforms which holds over $288 million in locked value.

Swift, Chainlink Tokenization Experiment Successfully Transfers Value Across Multiple Blockchains
Swift and Chainlink announced in June they were collaborating with dozens of financial institutions to test connecting blockchains.

Elon Musk's X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto
Elon Musk’s social media platform X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states.

SEC Could Prepare Alternative Arguments to Reject Spot Bitcoin ETFs: Berenberg
Coinbase’s potential involvement in spot bitcoin ETFs could serve as part of the SEC’s reconfigured arguments for rejecting the applications, the report said.

Scores of Friend.tech Users Remain Active Even as Trading Volumes Drop 95%
Falling revenues have led some market commenters to say the platform has “gone dead.” But has it?

Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018
The number of BTC held in wallets tied to crypto exchanges has declined by 4% this month, data tracked by CryptoQuant show.

Binance to 'Gradually' End Support for BUSD Products

Bitcoin Starts to Retrace Grayscale-Fueled Gain; SOL, XRP, DOT Lead Majors Slide
The CoinDesk Market Index, a weighted index of over 100 tokens, fell 0.71% in the past 24 hours, suggesting profit-taking across the board.

Gemini Opposes Genesis Bankruptcy Plan: 'Woefully Light on Specifics'
Attorneys for crypto exchange Gemini argued that a proposed resolution for Genesis’ bankruptcy doesn’t have enough detail or provide any assurances for some if its largest debtors in a new filing Wednesday.

Grayscale’s SEC Victory May Render Alameda’s Redemptions Lawsuit Unnecessary, Bloomberg Analysts Say
The ruling could lead to Grayscale’s GBTC converting into a bitcoin ETF, which would allow redemptions, making Alameda’s suit unnecessary, Bloomberg Intelligence analysts said in a note on Wednesday.