Users with Ethereum Name Service (ENS) names can now send cryptocurrency using Venmo and PayPal. On September 10, ENS Labs announced the integration, which is anticipated to reach over 270 million consumers in the US.

An ENS name might serve as a moniker for a blockchain address. To transfer bitcoin, users can register a name like "your name.eth" rather than transferring tokens to a lengthy, complex address of letters and digits.

ENS Labs claims that the new integration lowers the possibility of errors and lost money while streamlining wallet address transfers.

The interface would provide ENS naming capabilities for "millions of users through Venmo, PayPal Mobile, and PayPal Web," according to Khori Whittaker, executive director of ENS Labs.

PayPal is a company that is involved in the blockchain space. The market capitalization of the company's stablecoin, PayPal, recently exceeded $1 billion, according to CoinMarketCap. To onboard users, PayPal partnered with Crypto.com, Phantom, and Paxos to launch PYUSD on the Solana network in May.

Marta Cura, director of business development at ENS Labs, said, "Working with PayPal and Venmo allows us to reach those new to the space and those who prefer the familiarity of Web2 payment platforms."

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First on the Bitcoin network, Bitcoin Dogs is creating a stir with its clever features and forecasts of significant price increases.

Both of the presidential contenders have expressed opinions on cryptocurrencies, and the Republican platform includes pro-crypto measures. Nonetheless, while the overall outlook is still more optimistic than ever, investors are suffering over minute fluctuations in price. A pro-crypto president and rate reductions will usher in the asset class's next stage of development.

Billions of people will surely get into cryptocurrency thanks to favorable regulations and more lenient lending terms. Individuals continue to think too narrowly. The majority of analysts believe that the markets are poised for a massive rally, driven by sidelined investors who are waiting to purchase lower.

As the first initial coin offering (ICO) on the Bitcoin network, Bitcoin Dogs has taken center stage.

Bitcoin Dogs: Pioneering Bitcoin Innovation
From the beginning, Bitcoin Dogs has been a trailblazer. Although the team's decision to launch an ICO on Bitcoin was revolutionary, they didn't stop there. The development of a play-to-earn Telegram game, an NFT Ordinals collection for possessing unique on-chain art, and a memecoin is underway.

Simple Telegram games that promote tap-to-earn techniques have been available so far, with well-known competitors like Hamster Kombat drawing hundreds of millions of users. Unlike anything else the market has seen, the Bitcoin Dogs game is going to alter the game industry. Analysts have taken note of the combination of Telegram's off-chain gaming experience, the BRC-20 token standard, and on-chain assets.

Investors are excited with this kind of innovation, and a top analyst made the audacious prediction that 0DOG might easily 100X by the end of the year.

Holding 0DOG, which is modeled after Tamagotchi and may launch as early as Q3 of this year, offers a lot to look forward to, and it's never been a better time to invest heavily in BTC's top memecoin. The price estimates for 0DOG are in, and they aim high.

A soft peg for Bitcoin?
This cycle has seen Memecoins evolve. They still play a speculative role, but their role in this cycle is more defined. Memecoins are leveraged bets that trade on their underlying network. As a component of its ecosystem, 0DOG benefits from a soft peg to the price of BTC, meaning that its value is tangentially linked to that of Bitcoin. The best is still to come. Everything up to this point has been the warm-up for Bitcoin, which always goes crazy in the year following the halving.

0DOG might rise in tandem with Bitcoin should it choose to remind investors just how quickly it can move higher. An increase in the price of Bitcoin encourages optimism, which in turn fuels speculation—this is when altcoin season begins. The term "altcoin season" describes a time when the value of alternative cryptocurrencies, or "altcoins," rises. The BTC ecosystem is about to see a repricing event, the exact timing of which is unknown, but Bitcoin Dogs should be the first to jump on board.

0DOG price prediction
With numerous listings on well-known centralized exchanges like Gate.io and MEXC, which both witness billion-dollar intraday trading volumes, and its status as one of the best cryptocurrencies to purchase right now, 0DOG has an obvious future.

When the game launches, there will be significant buzz, but by then, investors will have lost out on the 100X chance. Assuming conservative price projections, 0DOG is expected to trade between $1.53 and $1.72 in 2025. It would be wise to purchase 0DOG before the game starts and markets start accurately pricing it.

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Last month saw a rise in activity on controlled exchange volumes despite falling cryptocurrency prices.

August saw a 30% month-over-month surge in data from centralized cryptocurrency exchanges, even as Bitcoin 0.99%. Digital assets such as bitcoin went through a historical decline. Although August and September are traditionally negative for cryptocurrencies, the data shows that lower prices do not always translate into less trading activity.

The two largest centralized exchanges (CEXs), Binance and Bybit, had rises of 35% and 41%, respectively. But MEXC, Crypto.com, and KuCoin performed better than the bigger platforms. These three platforms saw increases in spot trading volumes for cryptocurrencies by 171%, 79%, and 44%, respectively, as investors reallocated assets and blockchain-based value.

In the meantime, Gate experienced a 44% drop in activity, with the biggest gains in trading volume coming from South Korean firm Upbit and Justin Sun-backed HTX.

Why CEX volume increased during the price decline
A portion of August's CEX activity includes billion-dollar Bitcoin withdrawals from sites like Coinbase and Binance, as reported by crypto.news. Exits from cryptocurrency exchanges by investors could be interpreted as a bullish indication.

The increase in CEX spot trading volume is perhaps a sign of hope for investors in digital assets. Unless there were any significant shifts in hawkish economic data, U.S. Federal Reserve officials were expected to announce interest rate reductions before the end of the current month.

Lower interest rates may encourage investors to take on more debt and put money into assets when their tolerance for risk rises.

The CEO of CoinBureau, Nic Puckrin, emailed crypto.news to suggest that the greater liquidity may cause prices of Bitcoin and other cryptocurrencies to rise. According to Puckrin, Ethereum and other cryptocurrencies will probably trail behind Bitcoin in the end. Ethereum is still performing poorly in comparison to Bitcoin. Before the anticipated Fed rate cuts, bitcoin whales started to accumulate.

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Almost one-third of dApps' daily active audience is still drawn from the gaming industry, which continues to be a major driver behind web3. The market's demand is driving its evolution: as millions of people embrace GameFi, blockchain games are unable to keep up with the demand. To address this requirement, new solutions are being developed, such as game-oriented blockchains. This streamlines user experience and onboarding even further, which will undoubtedly draw in a surge of new users and spur additional development in the quantity and caliber of blockchain networks focused on gaming.

Blockchain gaming concept emerged
Gaming on the blockchain is expanding at a historic rate. The industry's daily total of unique active wallets peaked in May 2024 when it surpassed three million. GameFi's dUAW hit a new ATH of four million in just two months. It represents about one-third of the 15 million daily users in the dApp market.

Things weren't always like that. When Ethereum first launched, Ethereum eth 3.26% of Ethereum, blockchain games were primarily the domain of nerds willing to put up with many inefficiencies and a subpar user experience because they were so passionate about them. The ecosystem's creators understood this couldn't continue: GameFi was beset by ongoing congestion issues that left customers waiting hours for their transactions to be approved and occasionally having to pay penalties in the tens of dollars. It became clear that larger blockchains were needed for gaming.

The inability to modify the network to meet the requirements of the games and the lack of control over the development process were further problems with creating games on Ethereum L1. This gave game developers the notion to develop blockchains specifically tailored to GameFi.

The gaming chain pioneers
WAX was among the first blockchains to be designed with scalability in mind. Originally designed in 2017 to speed up e-commerce transactions, WAX soon developed a strong focus on gaming. As of right now, it closes the top ten gaming blockchains based on daily active wallets with 132,000 dUAW and has partnerships with Epic Games Store and Amazon Prime Gaming.

Since then, a number other GameFi-focused L1 blockchains have emerged, but Ronin sticks out. By 2020, Sky Mavis, the business behind the groundbreaking Axie Infinity game, had moved away from developing a single game and toward constructing an L1 environment. After moving its top titles, Pixels and Axie Infinity, to Ronin, the company concentrated on growing the network.

About two years prior to Ethereum's Merge, when scaling plans for the largest dApp network in the business were still undefined, the team launched Ronin's testnet. Since Ethereum was still using the proof-of-work consensus process at the time, Ronin's proof-of-authority and later delegated proof-of-stake were revolutionary since they lowered energy usage to almost nil, sped up block times, and introduced transaction fees that were less than $0.001.

Ronin's work has proven fruitful. There are now fifteen games in the ecosystem, but more are on the horizon. The network hit two million daily active users in June 2024, surpassing the total number of users on any other blockchain, including Tron and Solana.

While the introduction of blockchains focused on game finance helped the sector, not all of its issues were resolved. It takes time and money to build a specialized blockchain, and developers are unable to swiftly incorporate all of the advancements that are made along the route. The companies in the sector have focused on Layer-2 and Layer-3 infrastructure as a result.

Exploring the potential of new layers for gaming
Shortly after its inception, Ethereum started the process of growing. The emergence of L2s such as Optimism and Arbitrum led to a notable decrease in gas fees and an increase in throughput within the Ethereum ecosystem. A few of these networks strengthened GameFi by making infrastructure adjustments for game developers.

This evolution continued with the emergence of L3 networks, which is where things became exciting. As a result of their near-instantaneous transaction finality and block time reduction to 100–300 ms, thousands of transactions per second (as opposed to Ethereum L1's 12–15 TPS) can now be processed. Apart from the decrease in transaction fees and block times, the ease of use and customization of L3s offered unmatched prospects for game developers working within the Ethereum network.

L3s that specialize in gaming make use of the most recent advancements in web3 technology to enhance the blockchain gaming experience. To ensure uninterrupted gameplay, PlayBlock, a GameFi L3 blockchain operating on top of Arbitrum Orbit, employs account abstraction to eliminate the need for multiple transaction approvals. The network may now sponsor user transactions thanks to relay technology, giving players an entirely gas-free experience. The ERC-4337 standard-based self-custodial wallet does away with the need for a private key management system and seed phrase.

More gaming blockchains are to come

Today's GameFi-focused developers prioritize L2/L3 chains because they guarantee never-before-seen scalability and customization. Another benefit is the speed at which they may innovate: tiny ecosystems are more flexible to make revolutionary changes rapidly than larger networks like Ethereum.

Businesses support the sector further because some of them are utilizing gaming networks: The Soneium blockchain, an Ethereum Layer-2 with an emphasis on security and user-friendly gameplay, was recently launched, as revealed by Sony Group. Given Ubisoft's aspirations for web3, it's highly likely that we will soon see blockchains akin to those from Epic Games, Rockstar, or Ubisoft.

Launching L2s and L3s takes a lot less work than L1 solutions. Rollup-as-a-service solutions, for example, enable the rapid deployment of new L3 networks that are customizable. Major players' interest and the current infrastructure suggest that new gaming-focused blockchains will soon emerge, enabling GameFi to become widely used.

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The executive chairman of MicroStrategy, Michael Saylor, projects that Bitcoin will surpass other assets and take up 7% of the world's capital in the upcoming years.

September 9, Bitcoin (BTC) 4.77% Based on price pages on crypto news, Bitcoin was trading for little under $55,000 following a 2% increase in just one day. Saylor predicted to CNBC that when adoption soars, this price will grow by 70 times, putting BTC at $3.85 million per coin very soon.

Saylor clarified that the annual returns and technological superiority of Bitcoin over other assets form the basis of the theory underlying its explosive price increase.

Since MicroStrategy started purchasing Bitcoin in August 2020, the cryptocurrency has returned an average of 44% annually to investors. By contrast, the S&P 500 has averaged 12% throughout the same four years.

The founder of MicroStrategy also supported the software company's use of Bitcoin. Saylor claims that securitizing Bitcoin by flipping convertible bonds for cash has returned 825% on MicroStrategy's investment. The best-performing stock on the S&P, Nvidia, has managed 821%.

Additionally, the billionaire businessman claimed that investor demand would rise due to recent withdrawals from spot Bitcoin exchange-traded funds (ETFs). According to Bloomberg, Wall Street traders withdrew $1.2 billion from Bitcoin exchange-traded funds (ETFs) last week as a result of volatility in the world financial markets. This year's second-largest week of withdrawals from cryptocurrency goods was also reported.

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A Bitcoin selloff may be looming as miners are facing increasing pressure due to a sharp decline in revenue following the April 20 halving which slashed block rewards from 6.25 BTC to 3.125 BTC.

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According to the latest report, the United States Department of Justice (DOJ) has granted the three-year monitorship of Binance to consulting firm Forensic Risk Alliance (FRA). This appointment is part of the exchange’s plea deal with the Justice Department last year.

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The cryptocurrency market has calmed down considerably in the past 24 hours, halting the bearish assault and finding some consolidation in the process.

Bitcoin’s price is trading at around $61K on Sunday morning, while Ethereum is now firmly below the pivotal $3K level.

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The US Securities and Exchange Commission (SEC) has filed a countermotion against Coinbase’s rulemaking petition for the crypto industry. In a brief submitted on May 10, the US regulator argues against Coinbase’s request stating there is no need for creating a regulatory framework for crypto assets in place of existing US securities laws.

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A newly introduced bill in the United States Senate aims to reshape the landscape of the stablecoin market by potentially paving the way for U.S. banks to issue U.S. dollar-pegged stablecoins.

The Payment Stablecoin Act, introduced on April 17, has drawn attention from financial institutions and market watchers alike.

S&P Global Ratings, in a research note on April 23, suggested that the bill could provide an impetus for banks to engage more actively in the stablecoin sector. This involvement could come at the expense of prominent non-U.S. stablecoin issuers like Tether, which currently holds a market cap of $110 billion.

The bill proposes a cap of $10 billion on issuance by non-bank stablecoin firms and prohibits the issuance of “unbacked” algorithmic stablecoins. Furthermore, it mandates that stablecoin issuers maintain one-to-one cash or cash-equivalent reserves.

According to S&P Global Ratings, should the bill pass and subsequent banking regulations be adapted, banks could gain a competitive edge. Institutions lacking a banking license would be restricted to issuing no more than $10 billion in stablecoins, potentially limiting the operations of large entities such as Tether.

Tether, recognized as the leading stablecoin by volume, is issued by a non-U.S. entity and would not comply with the stipulations of the proposed Payment Stablecoin Act. The non-compliance would prevent U.S. entities from holding or transacting in Tether, likely decreasing its demand while favoring stablecoins issued within the U.S.

S&P pointed out that Tether’s transactions mostly took place outside of the U.S. and were mostly fueled by retail, remittances, and transactions in emerging economies.

In introducing the bill last week, Democratic Senator Kirsten Gillibrand declared that enacting a stablecoin regulatory framework was “absolutely critical to maintaining the U.S. dollar’s dominance, promoting responsible innovation, protecting consumers, and cracking down on money laundering and illicit finance.”
However, not everyone was delighted with the bill’s proposed changes.

Coin Center, a crypto advocacy organization, expressed reservations over the law, stating that it would be “bad policy” to ban algorithmic stablecoins and that it was an unconstitutional act protected by the First Amendment.

Crypto industry irate as SEC goeThe SEC is being censured for acting past its position — with one legal counselor telling crypto.news that the controller's argument against Uniswap is feeble.

Following the sensation declaration that Uniswap has been hit with a Wells notice by the U.S. Protections and Trade Commission, the response in crypto circles has been cruel and solid.

https://crypto.news/crypto-industry-furious-as-sec-goes-after-uniswap/