Bitcoin + Ethereum and NFTs News 📲

🪙 Ethereum core devs agree to split ‘Pectra’ upgrade into multi-phase rollout Ethereum developers agreed to take a multi-phase approach in implementing the highly anticipated ‘Pectra’ upgrade during the latest Consensus Layer Meeting on Sept. 19. The decision comes after growing concerns about the complexity of delivering the upgrade in one release, which increased the risk of technical issues and bugs. Source @cryptomagazine

💰 MicroStrategy boosts Bitcoin buying power with $875M convertible debt offering MicroStrategy has increased its convertible debt offering to $875 million from $700 million to purchase more Bitcoin, according to a Sept. 18 statement. The Virginia-based company aims to raise these funds by selling convertible senior notes with an interest rate of 0.625% annually. These unsecured senior obligations will be available to institutional investors in a private sale. The notes are set to mature in September 2028. Source @cryptomagazine

🔥 BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years. 🤝 @Cryptocurrency_Inside ✅

🔵 Circle is launching USDC on Sui, marking its 15th network integration Circle, the issuer of the second-largest stablecoin, plans to launch a dollar-denominated token on the Layer 1 blockchain Sui as early as next week, according to Circle co-founder and CEO Jeremy Allaire on Tuesday. The move was accompanied by a series of announcements for the stablecoin giant, including an integration with MoviePass that will enable users to pay for subscriptions with crypto and news that USDC is live in Brazil and Mexico. Source @cryptomagazine

🟠 Binance reiterates assertion it never owned or controlled WazirX amid ongoing $230 million hack fallout Crypto exchange giant Binance reiterated its claim that it does not own, control or operate WazirX in any way and accused a director of its parent company of making “misleading statements” to the contrary on Tuesday. WazirX suffered an exploit resulting in the unauthorized transfer of over $230 million worth of crypto assets on July 18. The exploit targeted the exchange’s multisig wallet on the Ethereum network, potentially resulting from a private key compromise, and drained the funds. Source @cryptomagazine

💰 Bitcoin exchange depositing addresses at lowest level in years, indicating potential relief in selling pressure: CryptoQuant Bitcoin centralized exchange depositing addresses are at their lowest level since 2016 which could indicate a reduction in selling pressure. The number of bitcoin exchange depositing addresses has dropped to 132,100, a multi-year low, according to a recent CryptoQuant research note. This metric represents the number of addresses sending inflow transactions to exchanges, and the analysis suggests that a multi-year low indicates a decrease in the number of investors selling coins on spot exchanges. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

💰 #Polygon's POL token surges after Binance listing, marking end of MATIC migration Polygon's POL token spiked higher by more than 15% Friday morning. The move appears to be related to POL being listed on Binance, the world's largest crypto exchange, and marks the unofficial end of the MATIC migration. In July, Polygon announced the MATIC token would upgrade to POL on Sept. 4 after a year of community-led discussions. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🟠 US authorities pressure Nigeria to release detained #Binance exec Tigran Gambaryan The U.S. government is pushing Nigerian officials to release Tigran Gambaryan, the Binance executive who has been detained in the country for the past seven months, according to The New York Times. The move comes amid deteriorating health conditions for Gambaryan and mounting pressure from onlookers advocating for his release. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

💰 Grayscale launches new #XRP closed-end fund, token jumps 8% Grayscale said Thursday it's planning to launch an "closed-end" fund that will allow investors to gain exposure to the popular token. The firm once managed an XRP fund it then shut down in 2021 after the U.S. Securities and Exchange Commission sued Ripple and argued that the digital asset XRP is a security under U.S. law. Ripple, which utilizes XRP, the native asset of the XRP Ledger, is the company most closely associated with the token. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🪙 DEX wars heat up as Uniswap's dominance slips to 36% amid rising competition The DEX landscape is undergoing some diversification, with Uniswap's once-dominant market share facing a steady erosion. This change-up in market share could signal more competition and innovation in decentralized trading. Uniswap's market share has dropped from more than 50% in October 2023 to 36% today. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts