Friend.tech Attracted NBA Influencers. So Why Does Everyone Think Crypto’s Latest Trend Will Die?

Despite its initial success in attracting celebs, the portents aren’t good for the latest “Twitter-killer.”Source

Bitcoin Bulls Mull the Meaning of New Fed Messaging on Inflation and Interest Rates

Instruments tied to interest rates compete with Bitcoin for investor dollars.Source

Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market

The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch.Source

Terra Website Compromised; Developers Warn Against Phishing Scam

Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers.Source

BNB Chain Exploiter Liquidated for $30M on Venus Protocol

This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly.Source

First Mover Americas: Bitcoin Trades Flat; Vitalik Transfers $1M Ether to Coinbase

The latest price moves in bitcoin (BTC) and crypto markets in context for August 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Crypto Analysts Split on Why Ether Outperformed Bitcoin During Last Week’s Slide

The ether-bitcoin ratio rose more than 2% past week in a gain that’s inconsistent with its record of taking losses during bouts of risk aversion.Source

XRP Ruling Needs Appeals Court Review, SEC Says

The U.S. Securities and Exchange Commission (SEC) asked for permission to appeal a federal judge’s ruling that XRP sales through exchanges didn’t violate securities law, a day after the judge said the SEC could present its argument.Source

El Salvador Diary: Lightning Is Key to Bitcoin Adoption

As he travels around the first country to adopt Bitcoin as legal tender, Jonathan Martin finds that few are using it. But Lightning integration could soon change the game.Source

Tokenization News Roundup: Consolidation Coming

A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain.Source