Eth Merge, Binance Delists USDC, And More

The crypto world is watching with bated breaths for the final Merge upgrade. Ethereum is also setting matters in motion for the final set of upgrades before The Merge goes live.

With the Bellatrix hard fork, the Ethereum team is taking the necessary first steps to ensure that the Merge goes live on September 15. Furthermore, other protocols and projects based on the Ethereum network are also taking necessary steps and precautions to ensure a smooth transition to the PoS network. 

On the other hand, Binance has removed the USDC stablecoin from its offerings, choosing to replace it with its own BUSD stablecoin. Many experts have given their two cents on the matter, including USDC-issuer Circle’s CEO Jeremy Allaire. Let’s find out more. 

Ethereum

Ethereum took the first steps in implementing “The Merge” with the Bellatrix hard fork, set for the 6th of September. 

Co-founder of crypto exchange BitMex, Arthur Hayes said in an interview that as long as the Eth Merge is a success, then Eth price should hit $3,000 by the end of this year.

DeFi

A flash loan exploit targeted Nereus Finance, an Avalanche-based lending protocol, resulting in losses amounting to over $300K.

Crypto hedge fund Three Arrows Capital (3AC) has withdrawn assets worth $33 million from Curve Finance and another $12 million from Convex Finance. 

Aave’s community has overwhelmingly voted in favor of a temporary pause in loaning ETH as Ethereum enters the final phase of its Proof-of-Work transition. 

Altcoins

Cardano’s Vasil hard fork could finally see the light of day as Cardano developers announced a definitive date for the launch. 

CEO Jeremy Allaire has addressed the speculations surrounding Binance’s delisting of its USDC stablecoin, claiming it to be a good thing. 

The creator of the hugely popular Axie Infinity game, Sky Mavis, has announced that it has partnered with Google Cloud. 

Technology 

The creator of the hugely popular Axie Infinity game, Sky Mavis, has announced that it has partnered with Google Cloud to tighten the Ronin blockchain’s security. 

The U.S. Treasury Department has said that it will recommend that the federal government continue developing a CBDC if it is in the national interest to do so.

Web3

DBS Bank has partnered with the blockchain gaming platform, The Sandbox, to launch the BetterWorld metaverse project. 

Gaming retail company, GameStop, has signed a partnership deal with crypto exchange, FTX.US, to bring a more integrated experience to both of their customers. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.