September remains mostly negative with last week staying relatively flat. The Nasdaq Crypto Index (NCI) dropped 1.0%, with bitcoin (BTC) down 0.8% and ether (ETH) falling 1.5%.
Visa promises faster credit card payments with USDC on Solana
Visa is now extending its stablecoin settlement options to Ethereum and Solana. This move aims to accelerate settlement processes and offer a contemporary payment choice for Visa customers. The company has partnered with fintech firms to enable merchants to receive payments in stablecoins with Visa's backing, and highlights the ongoing trend of TradFi giants incorporating crypto into their services.
G20 moves forward with international crypto framework
According to media reports covering the G20’s two-day summit in India, the leaders of the 20 biggest economies in the world are moving forward with their plans to implement a cross-border framework for crypto assets, another sign of the current effort by policymakers worldwide to establish clear regulatory standards for digital assets.
London Stock Exchange Group plans blockchain-powered digital markets business
The London Stock Exchange Group has announced plans to launch a new digital markets business that will enable faster, cheaper, and more secure transactions by leveraging blockchain technology. This new platform will focus on tokenizing assets like stocks and bonds to allow ownership transfer on blockchain rails. This is yet another example of a bigger picture trend of real-world asset tokenization observed in the past couple of years.
From Hashdex: August Monthly Letter
After a long stretch of low volatility, bitcoin’s characteristic price swings returned in August as a confluence of market events and a legal decision for Grayscale hit the news. In our latest Monthly Letter, Hashdex Research Team covered the impact of the Grayscale decision on the US spot ETF debate and what a return to volatility means for investors.
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