Hello readers! This week, we relaunched Inside Retail as Inside E-commerce. Check out the first issue, a deep dive into Canadian e-commerce giant Shopify. If you like what you see, head over to inside.com/ecommerce to subscribe! | |  Aaron |  | | |
Market Watch | Bitcoin | $11,501 | 7 day: -2.3% | | Ethereum | $390 | 7 day: -4% | | All crypto | $360b | 7 day: -1.9% | | Bitcoin dominance | 59% | 7 day: -0.5% | Prices as of 1:30 p.m. ET
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Crypto derivatives exchange FTX has acquired Blockfolio for $150m. - Blockfolio is the crypto industry's most popular mobile app for portfolio and news monitoring. It claims 6m lifetime downloads and ongoing monthly impressions of 150m.
- Investors in Blockfolio Series A include Dan Morehead's Pantera Capital, Arthur Hayes' BitMEX, Singapore-based Huobi, and Peter Thiel's Pathfinder, among others.
Coindesk 
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 Delisting notice Coinspot has delisted privacy coins shortly after engaging Chainalysis. Coinspot is a popular Australia-based cryptocurrency exchange and fiat onramp for the Australian dollar. - Coinspot is delisting three cryptocurrencies: Monero (XMR), Zcoin (XZC), and Bytecoin (BCN).
- The exchange's spokesperson cited "regulatory updates" as its rationale.
- On August 24, Chainalysis announced its engagement with Coinspot.
- Coinspot will only prevent trades that open new positions. It will not liquidate holdings, and customers can withdraw their tokens during a grace period.
CoinTelegraph
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 a member of the Libra Association Cryptocurrency investor Ribbit Capital filed a $350m prospectus with the SEC for its SPAC. Special Purpose Acquisition Companies are publicly traded, blank-check, empty shell companies that acquire private companies. SPACs are extremely popular amid this year's booming NASDAQ stock rally. - Ribbit Leap has no operating business and has "not initiated any substantive discussions with" any candidates yet, the prospectus notes.
- J.P. Morgan Chase (NYSE:JPM) is the sole bookrunner.
- Proceeds from the operation could total $402.5m.
- Ribbit Capital is a founding member of Facebook's Libra Association. It has also invested in Coinbase, Revolut, Robinhood, Xapo, and Chainalysis.
SEC
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 Aave Limited is a registered E-Money Firm The Financial Conduct Authority has authorized Aave Limited, one operation of Aave's $1.5b DeFi project in the U.K., as an E-Money Firm. Aave Limited is permitted to send electronic money to consumers and businesses within the U.K. under its 2011 Electronic Money Regulations. - The Firm Reference Number 900984 is an active registration number for an E-Money Firm and was granted by the FCA on July 7, 2020.
- Aave does not appear in the FCA's list of registered cryptoasset firms, which remains limited to Archax and Gemini.
- Just this week, Aave (LEND) overtook the much older Maker (MKR, DAI) in Total Value Locked within its DeFi protocol.
- The market capitalization of LEND has tripled this month.
Financial Conduct Authority
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Binance Futures launches a perpetual contract allowing 50x levered trading on a Tether (USDT) based, Binance-created, DeFi basket index. - The popular, overstated DeFi Pulse dashboard claims the entire industry's Total Value Locked (TVL) exceeds $7b.
- Binance will rebalance the entire index weekly, on Thursdays.
- Binance has started weighting the index at 28% Chainlink (LINK). Despite not operating an exchange nor yield farming, and arguably not a DeFi cryptocurrency at all, Chainlink has heavily invested in an "elaborate marketing plot" to align itself with the DeFi boom, according to Coinshares' Meltem Demirors.
- Binance's index constituents will include Band Protocol (BAND), Compound (COMP), Kava.io (KAVA), Kyber Network (KNC), Aave (LEND), Chainlink (LINK), Maker (MKR), Synthetic Network Token (SNX), Swipe (SXP), and 0x (ZRX).
Binance
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Quick Hits: - Coinbase Pro lists Celo (CELO).
- DXdao (DXD) has doubled in price since Delphi Ventures announced its investment on August 21.
- Austrian police are investigating an uptick in bomb threats using bitcoin extortion techniques.
- Messari researches the current state of metaverse, Second Life-style cryptocurrency tokens: Decentraland (MANA), Somnium Space (CUBE), and Cryptovoxels. They also research Melon (MLN).
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 |  | Written and curated by wide-eyed bitcoin watcher since $1, Aaron Wise. Streaming headline junkie, Associated Press fanboy, eye-strained news terminal watcher, 2017 founder of Cryptocurrency Newsfeed. Temporarily based in Florida while awaiting the construction of cryptopia. | | | | Editor | Edited by Eduardo Garcia in New York. Eduardo is a graduate of the Columbia Journalism School M.A. Science program and writes regularly for the New York Times Climate Fwd: newsletter. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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