Ethereum surges 11% after report SEC is set to approve Futures ETF

    The United States Securities and Exchange Commission isn’t likely to block the debut of Ethereum futures ETFs, according to sources. The price of Ether surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures. According to an Aug. 17 report…

    Why did Bitcoin drop? Analysts point to 5 potential reasons

    Bitcoin’s price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop. Elon Musk’s SpaceX reportedly selling its Bitcoin holdings, the bankruptcy of a Chinese property giant, and fears of interest rate hikes have been among the theories raised as to Bitcoin’s freak price dip. On Aug. 18 around…

    Immutable zkEVM begins testnet phase with 12 Web3 games in development

    The Web3 gaming company announced that its fully Ethereum-compatible network is now available for public testing. Web3 gaming platform Immutable has commenced public testing of its Immutable zkEVM in collaboration with Polygon Labs. Work on the zero-knowledge Ethereum Virtual Machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon’s own…

    Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated

    Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack. Decentralized finance protocol Zunami Protocol has advised users not to buy any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins, after encountering an attack on its “zStables” pools on Curve Finance. On Aug. 13,  Zunami confirmed…

    BNB Chain hard fork to improve security and compatibility with EVM chains

    Binance’s BNB Chain is set for two upgrades aimed at improving the finality of the network and compatibility with other EVM blockchains. Binance’s BNB Chain is set to undergo two hard forks in August 2023 to reduce the possibility of a malicious blockchain reorganization and increase compatibility with other Ethereum Virtual Machine (EVM) blockchain networks. The Plato…

    Base network has officially launched: Here’s how it can be used

    Coinbase’s Base network completed its phased launch on Aug. 9 and is officially open to end-users. Coinbase’s Base network has officially launched after spending a few weeks in an “open for builders only” phase. The network is now ready to onboard users, according to an Aug. 9 announcement from the team. Several Web3 development teams…