Coinbase Layer 2 Base Overtakes Optimism in Daily Active Users as Friend.Tech Hype Soars

A grayed-out “airdrop” icon at the top of the Friend.Tech app suggests the platform will release a token.Source

First Mover Americas: A ‘Head-and-Shoulders’ Case for Altcoins

The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America

Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said.Source

‘Altcoin Season’ Is Coming, Technical Analysis Suggests

An inverse head-and-shoulders pattern, one of the most trusted indicators known to presage major price rallies, is building in the altcoin market.Source

Shiba Inu Bucks Bitcoin Snoozefest Ahead of Shibarium Deployment

The tokens were up as much as 5% in the past 24 hours, bucking a market-wide trend.Source

XRP’s Market Cap Momentarily Zoomed to Trillions of Dollars on Gemini

Low liquidity after the token’s relisting likely caused a temporary pricing glitch on the exchange.Source

Matrixport’s Bitcoin Greed & Fear Index Indicates Upswing Ahead

The index has a solid track record of shifts in the bitcoin market trend.Source

First Mover Asia: Bitcoin Is CPI Resistant

Modest Consumer Price Index (CPI) numbers mean that the chance of another rate hike is dwindling.Source

Metaverse Platform Sandbox Transferred Out 60M SAND Ahead of Monday’s $133M Token Unlock

As the price of SAND slid 4% in August, the Sandbox Genesis smart contract had already emitted 60 million SAND tokens prior to the upcoming token unlocked scheduled for Aug. 14.Source

Bittrex Reaches Settlement With SEC; Agrees to Pay $24M Fine

The bankrupt exchange faced charges of offering U.S. investors access to unregistered securities.Source