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Ethereum (ETH)

Ripple Begins Testing Its RLUSD Stablecoin

Ripple began testing its new stablecoin on Thursday, the Ripple USD (RLUSD), on the XRP Ledger and Ethereum mainnets. RLUSD is presently in its beta stage, accessible only to Ripple’s enterprise customers. That means the token is not for public use and is not yet trading on exchanges or usable on DeFi protocols. In a blog last Thursday, Ripple announced, “Ripple USD is currently in its beta phase and is being rigorously tested by our enterprise partners. This phase is crucial for ensuring...

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Ethereum Co-Founder Vitalik Buterin Backs New Standard Proposal Brought by Uniswap and Across

Vitalik Buterin, the famous Ethereum co-founder, has given his blessings for a proposal by DeFi protocols Uniswap and Across aimed at bringing a new Ethereum standard. This proposal, ERC (Ethereum Request for Comment)-7683, will ensure secure and efficient cross-chain decentralized trading. The proposal was posted on the Ethereum Magicians forum and describes how it can make the trading process between protocols operating in the broader Ethereum ecosystem efficient. That includes multichain...

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Pepe Unchained Goes Viral as Layer-2 Meme Coin Project Passes $8M Mark

The crypto world is no stranger to unexpected contenders. But Pepe Unchained (PEPU), the meme-turned-blockchain phenomenon, continues to defy expectations. Its presale has already passed the $8 million mark – and many early backers believe PEPU could be the next big thing in the Layer-2 space. Presale Demand Soars as Pepe Unchained Passes $8M Milestone Pepe Unchained is going viral in its presale. It’s raked in $8.2 million so far, with PEPU tokens going for just over $0.009...

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WazirX Planning on Reversing User Trades to Reflect Balances Before $235 Million Hack

Indian cryptocurrency exchange WazirX is planning on reversing all transactions on its platform to get account balances to reflect the amounts they did on July 18. The platform experienced a $235 million exploit on that day as North Korean hackers ransacked its Ethereum-based multisig cold wallet. With that, all affected user accounts will receive the amounts the bad actors stole. In an announcement on August 8, the exchange stated, “After careful consideration of the situation and the...

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Franklin Templeton Launches FOBXX on Ethereum’s Layer 2 Arbitrum

Franklin Templeton’s FOBXX is now available on Arbitrum, enhancing digital asset compatibility. The integration is a significant step toward merging traditional and decentralized finance. The Arbitrum Foundation and global asset manager Franklin Templeton announced this week that the Franklin OnChain U.S. Government Money Fund (FOBXX) is now available on the Ethereum Layer 2 blockchain, Arbitrum. Investors can have access to FOBXX via digital wallets on the Benji Investments platform,...

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Crypto Trading Volume Up 19% in July After Four-Month Decline: CCData

In July, global crypto trading volume on centralized exchanges surged by 19%, reaching $4.94 trillion. This marks the first increase in trading volumes in four months, as reported by CCData. Crypto Trading Volume Surge CCData noted that the increase in trading volume is due to the launch of spot Ethereum exchange-traded funds in the U.S. and the positive sentiment from local political figures at the Bitcoin conference in Nashville, Texas. The report highlights significant...

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