💰Greyscale: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $44.8 billion

https://twitter.com/Grayscale/status/1429905628269535235?s=20

USDC to consolidate reserves into cash and US treasuries

Coinbase president and COO, Emilie Choi, has announced that the reserves backing the stablecoin USD Coin (USDC) will be consolidated into cash and U.S. government treasuries.

An Aug. 22 blog post from CENTRE Consortium, the entity that was collaboratively established by top U.S. crypto exchange Coinbase and blockchain financial services company Circle that issues USDC, stated that USD Coin’s reserves will soon be entirely held in “cash and short duration U.S. Treasuries.”

More details can be found here

🥞🐋We‘re happy to announce that Bulk (BULK) is now listed on Pancakeswap!

✅Official BULK token contact address: 0xa143ac515dCA260A46C742C7251eF3B268639593

❗️Always double-check the Contract Address before swapping.

♻️ Retweet:
https://twitter.com/BulkNetwork/status/1430198470854553602

This is insane.. 😱

https://www.vice.com/amp/en/article/pkb4yy/someone-bought-an-nft-of-a-free-clipart-rock-for-dollar13-million?__twitter_impression=true

@etherrockprice
is now in the Taiwanese news, it’s the ultimate flex of NFT, super rare and old.

https://mobile.twitter.com/mrblocktw/status/1430033007990038532

➡️Facebook's crypto chief is exploring NFT-related products and features - but views bitcoin as too volatile for transactions

https://markets.businessinsider.com/news/currencies/facebook-crypto-nft-bitcoin-non-fungible-tokens-david-marcus-novi-2021-8

📈The number of BTC and ETH addresses with relatively small holdings has been rising throughout 2021. The total number of BTC addresses holding between 0.001 and 0.1 bitcoin has increased ~15% so far in 2021 but has been somewhat flat since the end of April. The number of ETH addresses holding 0.01 to 1 ETH is up ~58% YTD and has continued to steadily increase throughout the summer. With NFT summer raging on Ethereum, it is possible that retail interest in NFTs is helping Ethereum adopt new users.

Source: Coin Metrics Network Data

NFT innovator HODL Assets acquires blockchain social commerce firm CoinLinked

HODL Assets, a nonfungible token (NFT) aggregator platform, has announced the acquisition of blockchain-based social network and commerce platform CoinLinked.

According to a release issued on Wednesday, Wall Street veteran and CoinLinked founder Jenny Ta will also join the HODL Assets team as chief operating officer.

More details can be found here

💰Ethereum traders expect volatility ahead of Friday’s $820M options expiry

Ether (ETH) will face a critical $820 million monthly options expiry on Friday, Aug. 27. That will be the first time that $3,000 and higher options will have a real fighting chance, even though bulls seem to have missed a good opportunity to dominate the expiry because they were too optimistic about Ether’s price potential.

https://cointelegraph.com/news/ethereum-traders-expect-volatility-ahead-of-friday-s-820m-options-expiry?utm_source=Telegram&utm_medium=social

🧮🏳‘It’s a new frontier’: Lake County treasurer among the first Illinois political candidates to accept campaign donations of Bitcoin, Dogecoin and other cryptocurrencies

https://www.chicagotribune.com/news/breaking/ct-crypto-illinois-elections-bitcoin-dogecoin-20210825-uelpwz77pvctxbxxkqijqom7ca-story.html

New giveaway from Binance!
Everyone can enter🥳

https://twitter.com/binance/status/1430902771738308621?s=21

Coinbase hires former Facebook exec as chief marketing officer

Kate Rouch will be joining major cryptocurrency exchange Coinbase after more than 11 years in various positions at Facebook

During Rouch’s time at Facebook, the number of monthly active users grew from 500 million to roughly 3 billion globally. Coinbase reported it had 8.8 million monthly transacting users as of June 30, 2021 with 56 million customers total, and seemingly wants to rely on Rouch’s experience to continue to grow.

https://cryptonews.net/1576209/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

✅Ethereum Consolidates Above $3,080 Support as Bulls and Bears Reach Indecision

The price of Ethereum (ETH) has declined over the past four days, but has found support above the $3,080 low. Today, the Ether price is trading at $3,119.04 at the time of writing.

The cryptocurrency's price has been unstable over the past 48 hours as it continues to fluctuate between $3,080 and $3,140. The largest altcoin has consolidated above current support.

https://cryptonews.net/1584031/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Binance Will Support the Kava (KAVA), CertiK (CTK), and Oasis Network (ROSE) Network Upgrades

Withdraws and deposits will be suspended starting from 30.08

https://www.binance.com/en/support/announcement/238812a5057a4febafd639d07cdcfe2d

🧮Cryptocurrencies have a future, may become effective means of payment: Raghuram Rajan, former Reserve Bank of India governor.

“Right now, in this heady environment with asset prices really picking up, many cryptos are also being valued — not so much as a means of payments — but as assets in their own right," Rajan, who is professor of finance at the University of Chicago Booth School of Business, told Reuters.

https://www.livemint.com/market/cryptocurrency/cryptocurrencies-have-a-future-may-become-effective-means-of-payment-rajan-11629984774998.html

Coinbase slammed for what users say is terrible customer service after hackers drain their accounts

❇️ CNBC interviewed Coinbase users across the country and found thousands of customer complaints against the company.

❇️The interviews and complaints revealed a pattern of account takeovers, where users see money suddenly vanish from their account, followed by poor customer service from the company.

More details can be found here