As the cryptocurrency market experiences a downturn, attracting more users and investment could help it weather the storm. However, the complexity of understanding gas fees and wallets can be a barrier for newcomers. To encourage user adoption and capital inflow, web3 needs smoother on- and off-ramps to make it easier to buy into and interact with blockchains. Mainstream financial institutions such as Mastercard, PayPal, and Robinhood are rolling out new crypto products and services to make the space more accessible, which could be the catalyst that pushes crypto from a niche to something more.
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Mainstream Financial Institutions Roll Out New Crypto Products and Services To Foster User Adoption and Capital Inflow
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Web3 data and AI company Validation Cloud completes $10 million in new round of financing
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Cointime August 4 News Express
1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX -
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches. -
Trump team files complaint over Harris inheriting $96 million in Biden campaign funds
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Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry
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Meta’s prototype ‘full holographic’ glasses could be a game changer for Web3
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Crypto Industry Disappointed as Digital Assets Fail to Make an Appearance in First 2024 US Presidential Debate
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Hong Kong invites global opinions on web3 and virtual assets future
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Cointime May 25 News Express
1. British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office
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