1.StaFi Protocol Integrates Chainlink’s CCIP for Cross-Chain Asset Transfers
Foresight News reports that Chainlink’s Cross-Chain Interoperability system (CCIP) has been integrated with the liquidity staking system StaFi Protocol. The purpose of this integration is to synchronize exchange rates and make it easier for Liquid Staking Tokens (LST) to move across several EVM chains. The cross-chain exchange rate module and the cross-chain token module, which may each be deployed and used independently, make up the two independent parts of the CCIP module.
2.Hilbert Group And Xapo Are Starting A $200 Million Bitcoin Hedge Fund
Foresight News reports that the asset management branch of Hilbert Group, a Swedish investment business, and cryptocurrency bank Xapo have revealed plans to work together to run a $200 million hedge fund that is denominated in Bitcoin. The fund will be accessible to businesses, financial institutions, and experienced investors upon its official launch in September.
3.QCP Capital Emphasizes the Potential of Bitcoin and the Bull Market Momentum in the Upcoming Rate Cut Cycle
According to a recent report by QCP Capital, the equal-weighted S&P 500 index has reached a record high, signaling that the bull market momentum is expanding beyond the “seven major technology giants” to include the broader market. The report emphasizes that historically, small-cap stocks have outperformed large-cap stocks during the last three interest rate cut cycles. Given the increasing correlation between cryptocurrencies and small-cap stocks, Bitcoin may outperform other risky assets in the upcoming round of interest rate cuts.
4.Elixir Multi-Signature Address Makes a Large Redemption from Lido and Deposits 5,088 ETH to Binance
BlockBeats reports that the Elixir multi-signature address deposited 5,088 ETH, or roughly $13.58 million, to Binance on August 27, marking a huge transaction. This transaction took place five hours ago and was observed by @ai_9684xtpa.
The Elixir multi-signature address had redeemed 27,172.49 ETH (about $73.96 million) from Lido in the previous 18 hours prior to this deposit. 5,088 ETH were redeemed and then sent via a transit address to a centralized exchange (CEX). For the previous five months, Lido has been the beneficiary of this ETH.
5.Cryptocurrency Market Value Surpasses $2.20 Trillion, Bitcoin Dominates with 56.3% Share
As per CoinMarketCap, the aggregate market capitalization of cryptocurrencies has surpassed $2.20 trillion, arriving at $2.197 trillion at present. With 56.3% of the market value, Bitcoin is still the dominant player in the market. The $65.677 billion 24-hour trading volume for cryptocurrencies is indicative of the continued thriving activity in the digital asset market.
6.Abraxas Capital Transfers 5000 ETH to Lido for Staking
According to BlockBeats, on August 27, monitoring by @0xScopescan revealed that an address associated with Abraxas Capital received 5000 ETH from Spark 30 minutes prior. The entire amount was subsequently deposited into Lido for staking.