Coinbase launches $cbBTC (ERC20) token

Okay, publishing this newsletter a bit later than usual. Overloaded, but not gone.

The market looks good after a little move-down yesterday. Personally, I remain bullish as long as we keep building, getting new positive news, and big players stacking up their bags. Moreover, looks like we are getting a few airdrops in September that could bring more volatility to the markets.

Other than that, no huge events have happened that could shaken the markets hardly.

Here is what you’ll read in today’s edition:

• Well, well, well, Gary Gensler is under investigation by US House Republicans

• Coinbase launches wrapped Bitcoin

• Kraken to list Popcat

• Photon allows trading Tron tokens now

• and more…

📰 Crypto & Finance News

• Coinbase launches $cbBTC. cbBTC is an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase. It’s wrapped Bitcoin. Bullish.

• US House Republicans investigate SEC's Gensler over political hiring allegations.

• OpenAI plans to discuss raising $6.5 billion at a $150 billion valuation. That’s crazy. p.s. Other sources claim it wants to raise $13 billion.

• Chinese stocks drop to their lowest prices since January 2019.

• A knowledgeable and patient buyer has purchased Bored Ape 2386 for 10 ETH.

• The UK introduces a bill defining cryptocurrency as personal property.

• The European Central Bank has lowered interest rates by 25 basis points to 3.5%.

🪂 Airdrops & Opportunities

• Jumper Loyalty Pass holders, join the SEI Network raffle to share 60,000 $SEI.

• Mint Doodles Certified Viral: Virtual Reality Check on Zora.

• Only a few hours have left to claim $AIG (Aigisos). Hurry up!

🤡 Degen Section

• Kraken Exchange to list $popcat on September 19th.

• K. Harris is now leading on Polymarket. This changes daily.

• Photon trading bot now supports Tron tokens.

🔒 Security

• Exploit discovered in DittoETH patch threatening platform stability and increasing bad debts.

• McAfee warns crypto wallet owners about mobile malware threat.

• Coinbase issues important warning as tokenized Bitcoin launches.

🦁 Alpha & Insights

• MoonPay is now registered with AUSTRAC (Australia) to offer digital currency exchange services.

• Tari resets its testnet and a new version is launched.

📈 Other Metrics & Numbers

• 1 year ago, Sol Big Brain has bought tens of thousands of SOL at $17.5-$19.

• SUI has been the best-performing ecosystem token over the last 3 months.

😶‍🌫️ To Cheer You Up

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Disclaimer: The content of this newsletter is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions and information provided here are not a guarantee of future performance and should be considered carefully in the context of your personal financial situation.