POKKET: Crypto Market Update (Aug 26)

crypto news, bitcoin price

Bitcoin dipped overnight but has since recovered and look flat over 24hrs, now at $48k, ETH is -1.3% at $3150. Movers are ALICE +32%, SAND +18%, CHR +13%, POND +11%, EVX DEGO +10%.

Circle and Coinbase have announced their stablecoin USDC will now be 100% backed by cash and short-term US Treasuries by this September.

Bloomberg reports Facebook is looking to get into the NFT space through its crypto wallet Novi, without giving any specifics on how or when.

UK’s FCA (financial boomer regulator) says it is “not capable” of properly supervising Binance despite the “significant risk” posed by the exchange’s products, and notes the firm had failed to respond to some of its most basic queries making it impossible to oversee the sprawling group.

The producer from the HBO show “Entourage” and “Ballers” is planning to make a series about crypto called “HODL” and has minted erc20 tokens for hodlers to share in the show’s profits.

Liquid Global, the Japanese exchange hacked for $90M last week, secured a $120M loan from papa SBF at FTX.

Check out today’s interest rates at POKKET and earn interest on your crypto with our crypto savings account.

Like POKKET’s market commentary?
Follow us on Twitter to get the latest news, or email us your thoughts.