Market focus

Coinbase announced it will launch its own liquid staking token, titled cbETH, which users can get in exchange for ETH that Coinbase will stake on the proof-of-stake version of Ethereum. Ahead of Ethereum’s Merge, the exchange aims to diversify the liquid staking market, which is currently single dominated by the Lido protocol.  On August 24,…

On August 24, Mastercard CEO Michael Miebach announced in a LinkedIn post the collaboration with Binance to launch a prepaid card called Binance Card. The card service is set to launch in Argentina first before expanding to other regions. It will allow users to make purchases with a Binance card at over 90 million stores…

Bitcoin transaction fees dropped below $1 for the first time since 2020. In addition to the `latest Bitcoin upgrades, the drop in transaction fees can be attributed to multiple factors, including falling market prices and lower mining difficulty. Average transaction fees on the Bitcoin blockchain network dropped below $1 for the first time in two…

Crypto exchange FTX made up a billion dollars in revenue last year. FTX’s revenue saw an increase of over 1,000%, going from $89 million to $1.02 billion as of 2021. The company also completed numerous acquisitions and was able to add to its global reach, CNBC said, citing internal audited financials. As CNBC reported on…

Breaking crypto news from the last week (Aug. 13 – 19, 2022): Aug. 13: Play-to-earn game Axie Infinity has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The team also described the move as part of its efforts to balance…

Top investment deals across the crypto sector over the last week (Aug. 13 – 19, 2022): Skynet Labs is shutting down Skynet Labs, behind decentralized internet platform Skynet, is shutting down after the company couldn’t raise more funds, according to its blog post on Aug. 12. Skynet Labs was formed as the company sought to…