Daily Bits
Burnt Banksy, known for igniting a Banksy artwork to spotlight NFTs and Web3, announces the XION blockchain's launch, designed for mainstream adoption with USDC as its primary currency.
Today’s outperformer is RNDR, which jumped 26.23% following Render Network weekly highlights on AI advances, spatial computing, and community milestones.
Jeremy Allaire, co-founder and CEO of Circle, expects the approval of Bitcoin spot ETFs as regulators address past concerns. Read more here.
A new hook enabling Know Your Customer (KYC) verification on Uniswap V4 pools has been introduced. Read more here.
Stacks is launching an sBTC Developer Release to provide a 1:1 backed version of BTC on its layer. Read more here.
Polygon proposed a hard fork on the Polygon PoS chain to address gas spikes and chain reorganizations. Read more here.
On-chain metrics can sometimes send mixed signals.
The Solana phone, previously struggling with sales, is experiencing a surge in demand due to the memecoin BONK. Read more here.
Crypto lender BlockFi's loan portfolio stood at $1.8 billion at the end of Q2, with an uncollaterialized exposure of $600 million. More here on Daily Bits.
What could go wrong during a bull market that is not even close to its peak?