Stablecoin Supply Growth Isn’t Eating Into Crypto Market Share: JPMorgan

The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.Source

Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management

The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).Source

Latin American Exchange Bitso Taps Coincover for Security Services

Bitso will use Coincover’s non-custodial disaster recovery service and its risk engine to monitor outgoing transactions in real time.Source

CoinDesk 20 Performance Update: LTC and ICP Take the Lead as Index Inches Higher

Litecoin gained 2.1% while Internet Computer rose 1.9% in overnight trading.Source

Wall Street Agrees Crypto Is ‘Clearly’ A Huge Election Issue, But Still Divided on Who Is Best for Industry

The digital assets industry is now a full-blown political issue, and Wall Street firms with crypto exposure are staying cautious ahead of November’s U.S. election. Whether the next election will result in Donald Trump or Kamala Harris occupying the Oval Office for the next four years, one thing Wall Street firms agree on is that either nominee will bring crypto regulation forward.Source

Top Crypto Startup Drove Other Projects’ Airdrops to Its Employees

Eigen Labs circulated a list of team members’ wallet addresses to EigenLayer ecosystem projects that were preparing to issue tokens. The firm later banned the practice, citing potential conflicts of interest.Source

First Mover Americas: Bitcoin Drops to Under $58K After U.S. CPI Data

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

ZynCoin Launches ‘Comfy,’ a Physical Collectible That Earns Tokens as Rewards

It’s a tin for Zyn.Source

Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says

August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report said.Source

Binance Completes Registration With India’s Financial Intelligence Unit Months After Being Fined

The registration was provisionally approved in June, subject to the crypto exchange paying a fine of about $2.2 million.Source