OVERVIEW

Snooze-day Tuesday 

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

Most bullish/bearish symbols on Stocktwits at the close: 📈 $FLOKI, $APT, $STX, $NEAR, $HNT, 📉 $AAVE, $UNI, $ETH, and $WIF

*If you’re a business and want to access this data via our API, email us.

News In Three Sentences
Bitcoin, Ethereum, And Solana News 🪙 

🛡️ Nasdaq Seeks Approval for Bitcoin Index Options to Hedge Investments

Nasdaq is awaiting regulatory approval to launch $BTC Index Options (XBTX), partnering with CF Benchmarks to track the CME CF Bitcoin Real-Time Index. If approved, this will mark a significant step in the maturation of digital assets, following a similar attempt by the New York Stock Exchange earlier this year. CoinDesk.

💥 Solana’s Real World Assets Sector Struggles Amid Market Turbulence

Solana ($SOL), despite its dominance in DePIN adoption, is lagging in the Real World Assets (RWA) sector. The RWA sector has been crypto's worst performer recently, with token valuations down 28% over the past month. Solana’s RWA ecosystem remains underdeveloped, and heavily relying on multi-chain protocols like Ondo Finance ($ONDO). However, upcoming projects like Chintai and Elmnts suggest potential growth. SlanaFloor.

💰 Bitcoin ETFs See $202M Inflows, Ethereum ETFs Struggle With Outflows

Bitcoin spot ETFs enjoyed their eighth consecutive day of inflows, totaling $202.51 million on August 26, with BlackRock’s $IBIT leading the way. In contrast, $ETH spot ETFs suffered $13.23 million in outflows, continuing a trend of declines since late July. The cumulative net inflows for Bitcoin ETFs now stand at $18 billion, while Ethereum ETFs have seen significant outflows. Bitcoin.comNews.

HAPPENING ON STOCKTWITS
Tomorrow’s Programming Schedule: An AMA Is Just The Start…🥳

We’ve got a jam-packed agenda for Nvidia day that you don’t want to miss out on. Below is an overview, but you can find the full rundown here.

• A live Trends With Friends featuring special guest Chris Camillo from “Dumb Money.” Submit your questions and join us at 11 am ET.

• A live Q&A with Stocktwits Head of Market Research and Daily Rip writer Tom Bruni at 1 pm ET. Drop your questions here.

• A limited edition merch giveaway. Submit your $NVDA price prediction by 11:59 pm ET Tuesday night to qualify!

• $NVDA’s live earnings call kickoff right on Stocktwits at 5 pm ET.

It will be an absolute blast of a day, so make sure you join us and the rest of the Stocktwits community then! 👍

News In Three Sentences
Altcoin News 🗞️

🚀 Tellor Antietam Testnet Update v0.4.2 Brings Enhanced Security and Performance

The Antietam Testnet on Tellor ($TRB) has implemented a minimum global gas fee, establishing a baseline cost for every transaction to enhance security and reduce spam attacks. Validators can set their specific minimum fees, which must meet or exceed the global minimum, optimizing network performance. This update, proposed on August 26, will go live at block height 874300, with validators required to update their binaries accordingly. Tellor’s Blog.

🛡️ Optimism’s Superchain Fuels Collective Growth Through Revenue Sharing

The Superchain, a network of blockchains built on a common codebase, is driving revenue to the Optimism Collective ($OP) through a standardized fee split model. Each OP Chain contributes a portion of its revenue back to the Collective, supporting decentralized growth and public goods funding. This unified approach ensures that all chains benefit from the success of others, fueling the Superchain’s expansion and Ethereum’s scalability. OP.

💳 Dash Partners with Swapin to Enable Living Fully on Crypto

$DASH users in Europe can now live entirely on crypto with Swapin, which offers tools for paying bills, making bank transfers, and more. Swapin bridges the gap between crypto and traditional banking, allowing Dash users to operate fully in decentralized digital money. This partnership strengthens the usability of Dash, making it easier to manage finances without relying on fiat currencies. Dash.org.

🛠️ Komodo’s Q2 2024 Recap: Innovations in DEX Technology and Ecosystem Growth

Komodo ($KMD) continues its mission to connect blockchain protocols, launching new wallet features, implementing pivotal network upgrades, and electing the Season 8 Notary Nodes. The introduction of KIP0004 marks a significant shift from PoW to PoS, while ongoing updates to the Komodo Wallet enhance user experience. Komodo.

🔒 Zashi’s Latest Update Enhances Privacy and Functionality for Zcash Users

Zashi introduces currency conversion and TEX addresses in its latest update, ensuring secure transactions without compromising user privacy. The update allows Zcash users to convert $ZEC to USD over the Tor network and recover transparent wallet history. TEX addresses provide a bridge for sending shielded ZEC to exchanges like Binance, maintaining user anonymity while ensuring transaction visibility. Electric Coin.

🛠️ FIL-B: Empowering Developers on Filecoin’s Decentralized Storage Network

FIL-B, a developer experience team within the Filecoin ($FIL) ecosystem, is dedicated to supporting builders with resources, technical guidance, and community engagement. As Filecoin’s decentralized storage network grows, FIL-B ensures that developers can easily build on-chain solutions, leveraging the Filecoin Virtual Machine and other innovations. Filecoin.io.

🔒 Mina Protocol Introduces Fungible Token Standard with Enhanced Security

Mina Protocol ($MINA) has launched its fungible token standard, following a comprehensive security audit by Veridise. This new standard allows for the creation of custom tokens on Mina, opening up possibilities for DeFi, gaming, and more. Key features include unique token identifiers, supply control, and zkApp integration, positioning Mina as a robust platform for diverse blockchain applications. Mina Protocol blog.

🔗 Balanced DEX Integrates Sui Mainnet for Enhanced Cross-Chain Liquidity

Balanced, $ICON’s cross-chain DEX, has integrated with the $SUI mainnet through ICON’s Cross-Chain Framework. This integration provides permanent liquidity for Sui tokens on Balanced, facilitating efficient cross-chain transactions. The move makes Balanced a key player in the cross-chain DeFi ecosystem, with users able to trade and borrow Sui tokens natively. Icon Foundation.

🕶️ NEAR Protocol Launches Nightshade 2.0, Revolutionizing Blockchain Scalability

$NEAR Protocol’s Nightshade 2.0 introduces stateless validation and reworks its sharding architecture, massively enhancing network scalability and decentralization. This upgrade allows for greater efficiency, with reduced overhead for validators and improved support for decentralized applications. Whether this is too little too late for NEAR remains to be seen. NEAR Protocol blog.

🚀 MakerDAO Rebrands to Sky, Introduces New Tokens USDS and SKY

MakerDAO ($MKR) is undergoing a major rebranding, transitioning to "Sky" and unveiling two new tokens, USDS and SKY, set for release on September 18. This rebrand is part of the “Endgame Plan,” aimed at transforming DeFi’s growth and accessibility. USDS will serve as an upgraded version of $DAI, and SKY will replace MKR as the governance token. The new ecosystem also includes "Sky Stars," decentralized projects designed to foster innovation. CryptoSlate.

🔥 Aave Labs Proposes Integration of BlackRock’s BUIDL into GHO Stability Module

$AAVE Labs is looking to enhance its stablecoin system with a new proposal to integrate BlackRock’s BUIDL token into the GHO Stability Module (GSM). This move aims to optimize capital efficiency by leveraging traditional financial assets like US Treasury bills through blockchain technology. The proposal includes using surplus $USDC to mint BUIDL tokens, offering daily dividends to holders, and expanding Aave’s yield sources. CoinJournal.

Links That Don’t Suck 🔗

🕹️ Valve’s worst-kept secret is no longer a secret

😎 Base hits 1M daily active addresses as Basenames takes off

🪙 CME Group’s Bitcoin Friday Futures Will Launch on September 30

😡 Mark Zuckerberg says he ‘regrets’ bowing to COVID-19 censorship pressure

🚨 SEC charges brothers Jonathan and Tanner Adam with $60 Million Ponzi scheme

🤔 Charles Hoskinson fears dystopia and ‘death of American cryptocurrency industry’ if Kamala Harris is elected

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Author Disclosure: The author of this newsletter holds positions in NEAR, BTC, ETH, SOL, DASH, ZEC, MINA, and AAVE 📋