The Great Crypto Divide: Why Wall Street’s old guard still won’t touch cryptoFranklin Templeton's Max Gokhman says traditional fund managers just don't want to add crypto, but education and yield might change it quickly.
Happy Saturday!While Wall Street's traditional fund managers remain hesitant to embrace crypto, education and attractive yields could soon tip the scales. Meanwhile, Fed Chair Powell's dovish remarks have propelled the crypto market cap back above $4 trillion, stirring both excitement and caution. However, the sector's evolving risks were underscored by a $1 million loss in a Uniswap scam exploiting Ethereum's latest protocol feature. Dive into the details below. 🚀 TRADE Stocks and Crypto — GET $50 WHEN YOU DEPOSIT on Nemo: Download now The global crypto market cap is $3.98 trillion, with a 24-hour volume of $208.77 billion. The price of Bitcoin is $114,761.23, and BTC market dominance is 57.5%. The price of Ethereum is $4,737.70, and ETH market dominance is 14.4%. The best-performing sector is eCommerce, which gained 12%. The Crypto Fear & Greed Index is currently Greed (60). 📰 Top News
The Great Crypto Divide: Why Wall Street’s old guard still won’t touch cryptoFranklin Templeton's Max Gokhman says traditional fund managers just don't want to add crypto, but education and yield might change it quickly. Powell’s ‘dovish’ comments trigger crypto market cap climb to above $4 trillionWith odds of a rate cut at 90%, Powell's dovish tone sparks crypto rally and substantial losses for price speculators. Crypto investor loses $1M in Uniswap scam exploiting Ethereum’s EIP-7702Security experts noted that malicious actors are increasingly using Ethereum's EIP-7702 feature to siphon assets. Second Circuit Court officially dismisses Ripple-SEC appeals, ending four-year legal battleAfter an Aug. 7 joint filing, the Second Circuit approved the dismissal, officially ending the case. 🗞️ More News
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