Research Summary
This report covers a range of developments in the cryptocurrency and blockchain space. It discusses the earnings of Friendtech, the likelihood of a Bitcoin ETF launch, Prisma Finance’s acquisition of $CRV, Starknet’s restoration of access for un-upgraded accounts, Robinhood’s wallet rankings and network integrations, $CYBER’s price increase, Binance’s removal of trading pairs, and the performance of various assets. It also mentions governance proposals and Arbitrum & Optimism transfers.
Key Takeaways
Friendtech’s Earnings and Bitcoin ETF Prospects
- Friendtech’s Milestone: Friendtech has surpassed 2500 ETH in team earnings, indicating a similar amount earned by users from fees.
- Bitcoin ETF Launch: Bloomberg’s senior ETF analysts have increased their predictions of a Bitcoin ETF launching this year from 75% to 95% following a favorable verdict for Grayscale.
Prisma Finance and Starknet Developments
- Prisma’s Acquisition: Prisma Finance has acquired and locked $2 million of $CRV to ensure future liquidity depth of their stablecoin, mkUSD.
- Starknet’s Restoration: Starknet has restored access for un-upgraded accounts after the crypto community responded with outrage to the idea of having to upgrade in order to not lose access to their funds.
Robinhood’s Wallet and $CYBER’s Price Increase
- Robinhood’s Wallet: Robinhood was confirmed to be the third largest Bitcoin wallet and the fifth largest ETH wallet, with a combined value of $6.26 billion of user assets. It has also integrated access to the Bitcoin and Dogecoin networks into their wallet.
- $CYBER’s Price Increase: $CYBER price has increased by 140% over the last 32 hours, with DWF Labs buying 170K $CYBER at $4.5 ($765K) on August 22, which is up 60% as of August 30th.
Actionable Insights
- Monitor Friendtech’s Progress: Given the significant earnings of Friendtech, it may be beneficial to keep an eye on its future developments.
- Consider Prisma’s Stablecoin: Prisma’s acquisition of $CRV to ensure liquidity for their stablecoin, mkUSD, could make it a potential asset to explore.
- Observe Robinhood’s Wallet: Robinhood’s large Bitcoin and ETH wallet and its integration of access to various networks could have implications for its users and the broader crypto market.
