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🪙 #Ethereum Foundation researcher Danny Ryan steps away after seven years of contributions Ethereum Foundation researcher Danny Ryan is stepping away from the Ethereum ecosystem after seven years of contributions. Ryan attributes his departure to personal reasons and to create room for other opportunities, according to a Friday post on GitHub. He added that his reason for leaving is "not a reflection of any facet of Ethereum, core development or crypto at large." Source @CryptoMagazine

🪙 ETH's underperformance tied to current crypto market structure: Coinbase Apart from declining network activity and token inflation, ether's recent underperformance compared to its peers likely stems from broader market factors following the deleveraging event in early August, according to an analyst at Coinbase. "#Ethereum’s network activity and supply inflation are important factors to consider in its underperformance, but we also think the price action has been driven by the current market structure," Coinbase Global Head of Research David Duong said in a report. Source @CryptoMagazine

🏦 Coinbase’s cbBTC launches seeking DeFi boom on Base and #Ethereum Coinbase has officially launched its wrapped Bitcoin token, cbBTC, on its layer-2 network, Base, and Ethereum mainnet, according to a Sept. 12 statement. According to Coinbase, cbBTC is an ERC-20 token fully backed by Bitcoin and custodied on the platform. When users send BTC from Coinbase to Base or Ethereum, it automatically converts to cbBTC and vice versa. Source @CryptoMagazine

💰 Bitcoin mining difficulty hits record high of 92.67 trillion amid falling miner revenues Bitcoin mining difficulty climbed 3.6% on Sept. 11 to reach an all-time high of 92.67 trillion. CryptoQuant showed that the increase comes as miner profitability continues declining, further putting pressure on the firms struggling since April’s halving event. Bitcoin’s mining difficulty adjusts every two weeks after the completion of 2,016 blocks, designed to ensure stable block discovery times. Source @CryptoMagazine

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🇺🇸 Harris campaign criticized for ignoring crypto in policy statement Vice President Kamala Harris‘s campaign released a policy statement outlining her administration’s key priorities. However, there is a notable omission—crypto. Harris’s campaign promises highlighted various sectors—including semiconductors and artificial intelligence—and even extensively mentioned her political rival, former President Donald Trump, in the policy statement. Source @CryptoMagazine

📊 Bitcoin, ether remain subdued as markets process underwhelming US economic data Bitcoin and ether remain under key price levels after sliding down over the weekend following Friday's bearish U.S. economic data. The largest cryptocurrency trades at $54,744 when writing, gaining 0.64% in the past 24 hours. Ether (ETH) added 0.17% to change hands at around $2,291, according to The Block’s crypto price page. Source @CryptoMagazine

📊 Bitcoin and Ethereum ETFs drop to new lows after week of bearish price action After a bearish week for the prices of many crypto tokens—only three of the top 50 tokens by market cap gained on the week, as per The Block's price page—the value of U.S.-based spot bitcoin and spot Ethereum exchange-traded funds have hit new multi-month lows. On Friday, U.S. spot Bitcoin ETFs logged nearly $170 million worth of outflows, bringing the total cumulative value of the 12 funds on the market to $48.24 billion. Source @CryptoMagazine

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🟠 Binance Kazakhstan Receives Formal Consent for Regulatory License Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The approval followed rigorous evaluations, including financial audits and ISO certifications. Once licensed, Binance will manage virtual assets, offer custody services, and conduct principal investments. Source @CryptoMagazine