? Bitcoin Spot ETFs See $71.7M Outflow as Ethereum ETFs Lose $1.8M

On August 29, 2024, U.S. spot Bitcoin ETFs recorded a significant net outflow of $71.7 million. Fidelity’s FBTC led the loss at $31.1 million, followed by Grayscale’s GBTC with $22.7 million and BlackRock’s IBIT at $13.5 million.

In contrast, Ark Invest and 21Shares’ ARKB ETF saw a $5.3 million inflow. Ethereum ETFs faced a smaller outflow of $1.8 million, with Grayscale’s ETHE losing $5.4 million, despite its ETH fund gaining $3.6 million.

? Crypto Dog | Subscribe

? Ripple’s RLUSD Stablecoin Nears Launch After Successful Beta Testing

Ripple is nearing the launch of its RLUSD stablecoin, pegged to the US dollar, following successful private beta testing. The first 185 RLUSD tokens were minted and later burned, signaling progress toward the stablecoin's release on the XRP Ledger and Ethereum. However, RLUSD remains unavailable for purchase or trading. Ripple advises caution against potential scams as the official launch date approaches.

? Crypto Dog | Subscribe

? TON Faces Second Major Outage in Two Days

The Open Network (TON) has experienced a second major outage within 36 hours, disrupting block production and causing significant concerns within the community. The first outage, lasting nearly seven hours, was followed by another disruption, prompting TON to urge mainnet validators to update their nodes.

The repeated issues have raised doubts about the network’s ability to handle scaling and maintain stability as it grows. Despite ongoing efforts to resolve the situation, community frustration is mounting.

? Crypto Dog | Subscribe

? Top Earners Leave Playdoge for New Mpeppe ICO

Top earners from Playdoge (PLAY) are flocking to the new gambling ICO, Mpeppe (MPEPE), which is currently priced at $0.001777.

Mpeppe’s integration of De-Fi staking, gaming, and sports betting offers multiple revenue streams, making it an attractive alternative. The platform’s unique blend of decentralized finance and entertainment is drawing attention, suggesting Mpeppe (MPEPE) could become a major player in the crypto market.

? Crypto Dog | Subscribe

? ‘Ragnarok: Monster World’ Beta Offers a Unique Ethereum-Based Twist on ‘Clash Royale’

Ragnarok: Monster World, a mobile game on the Ethereum-based Ronin network, recently launched its first beta. The game, reminiscent of Clash Royale, lets players build decks of fantasy creatures and engage in real-time battles.

The beta doesn’t require NFTs to play, but offers optional in-game assets on Ethereum. While still in its early stages, the game shows promise with its strategic gameplay, despite some difficulty in the beta.

? Crypto Dog | Subscribe

? The Dark Truth Behind Pavel Durov’s Arrest in France

Pavel Durov, the founder of Telegram, was arrested in France on accusations of allowing criminal activity on his platform, including money laundering, child exploitation, and cyberbullying.

The French authorities issued a warrant, criticizing Telegram's encryption for enabling such activities. This incident raises broader questions about the balance between privacy and security in Europe.

Notable figures like Elon Musk and Vitalik Buterin have spoken out, highlighting the implications for privacy and free speech.

? Crypto Dog | Subscribe

? Weekly Crypto Recap: Bitcoin Drop, SEC’s Uniswap Interest, and MetaMask’s New Bank Cards

This week saw Bitcoin dip below $59,000, driven by inflation data and U.S. government Bitcoin transfers.

Ethereum showed resilience but also experienced fluctuations, while SEC’s interest in Uniswap Labs and potential P2P transaction limits in Ukraine raised eyebrows.

MetaMask launched a pilot for bank cards in the EU and UK, and Donald Trump Jr. introduced a new Telegram channel focused on digital real estate.

? Crypto Dog | Subscribe

? Cardano Founder Launches $1 Million Hack Challenge for ADA Community

Cardano founder Charles Hoskinson has announced a $1 million challenge for the ADA community at Rare Evo 2024. The challenge invites members to hack the Lace Paper Wallet, with the reward being a $1 million USDM bounty for anyone who succeeds. This initiative marks the launch of the Lace Paper Wallet Bug Bounty Program, emphasizing the wallet's security. The program runs until the end of 2024, or until someone successfully hacks the wallet.

? Crypto Dog | Subscribe

? Solana Captures 30% of DEX Market with $1.8B Daily Volume

Solana has surged to dominate nearly 30% of the decentralized exchange (DEX) market, reaching a daily trading volume of $1.8 billion, according to DefiLlama. This positions Solana in direct competition with Ethereum, which recorded $1.4 billion in daily DEX volume. The rapid growth of Solana's market share, fueled by faster transaction speeds and lower fees, has been accompanied by network congestion and technical challenges. The price of SOL has also seen dramatic growth, peaking at $210 in March 2024.

? Crypto Dog | Subscribe

? Ethereum ETFs See $4.9M Inflows Amid Trading Surge
Yesterday, US spot Ethereum ETFs saw inflows totaling $4.9 million. While Grayscale's Ethereum Trust recorded no new inflows, other ETFs like Fidelity's FETH saw positive inflows of $3.98 million, Bitwise's ETHW at $2.86 million, and Franklin's EZET at $1.01 million. Despite a total outflow of $2.92 million across nine spot ETFs, daily trading volume surged to $286 million, up from $166.9 million on Friday.

? Crypto Dog | Subscribe