5 September

“While Beijing has been gradually reducing its Treasury holdings it has never shocked the market with a major liquidation.

And while not official policy, the fact that GT on Thursday has made a US Treasury dump front page news, citing top “state-linked experts”, is cause for concern (and certainly suggests that the Fed may soon have to step in with another massive QE to purchase whatever China has to sell).

China may gradually reduce its holdings of US Treasury bonds to about $800 billion from the current level of more than $1 trillion, as the ballooning US federal deficit increases default risks and the Trump administration continues its blistering attack on China.

But of course, China might sell all of its US bonds in an extreme case, like a military conflict.

See Also: China Moves Away From US Dollar Ahead of Digital Yuan

“Traders are taking profit after bitcoin could not get past $12,100.

Crypto is dropping in sympathy with other traditional risk assets. A full move could potentially bring the price back toward $9,500.

Yields in DeFi may become important to crypto traders should the market continue to show bearish signals: Ether locked in DeFi is up, from 5 million to 6.9 million in the past week, a 35% increase.

Investors also continue to lock bitcoin into decentralized finance. There are now over 74,000 BTC in use on Ethereum.

See Also: New DeFi alliance to connect Eastern and Western DeFi markets

“MetaMask users can now manage their cryptocurrency wallets, store non-fungible tokens (NFTs), sign messages, and play blockchain-powered games from their mobile devices.

Users of the wallet’s desktop browser extension can import their entire transaction history into MetaMask Mobile by scanning a QR code. Users in 34 countries can purchase Ether directly in the mobile app using debit cards, Apple Pay, and other local payment methods.

The mobile application features a built-in web browser designed to bolster the security of Web3 users, allowing passwords and keys to be generated directly on a user’s device rather than over the internet.

What smartphones have done for Web2, we believe MetaMask Mobile will do for Web3.”

“The SushiSwap community just approved a move from Uniswap to its own native platform, which is being built as a fork of Uniswap’s project. Almost 87% of the vote were in favor of the migration. Currently, there is close to $180 million worth of liquidity in the ETH/SUSHI pair on Uniswap.

The SushiSwap’s total value staked has grown from zero to $1.4 billion in a matter of days. This would place the recently launched DeFi project behind Uniswap and tied with Maker and Aave.”

See Also: ‘NFT Farming’ Takes Root With a $3M Meme Coin

“In the social-media age, users spend years growing networks and followers on various platforms, although this work can be destroyed by the sometimes arbitrary-seeming decisions of the networks.

Discussions.app addresses this by allowing users to migrate across platforms without losing their valuable identities and connections.

It seems that every few days I see another unique voice de-platformed and the connections they invested years building pulled out from under them like a cheap rug — especially in the crypto community. Discussions.app empowers individuals to secure their own social networks immune to the whims of Facebook, YouTube and Twitter.”

“Apps using the code can be attacked to “continuously trace” users.

The Bluetooth LE-based system leaves what they call little pebbles of data, which can be used to trace someone’s movements and potentially identify them.

The Google/Apple framework is proprietary and closed-source.”

“By that time, the Banco Central president said, Brazil will have an interoperable instant payments system and a “credible” and “convertible” international currency – ‘all the ingredients to have a digital currency.'”

“Called Binance Liquid Swap, the platform is in effect an automated market maker (AMM) exchange where smart contract-based liquidity pools set spot prices and facilitate swaps.

Binance said Liquid Swap is the first AMM platform to be launched on top of a centralized exchange. The three initial trading pairs will be USDT/BUSD, BUSD/DAI, and USDT/DAI.”

See Also: BitMEX to List Futures for New Crypto Coins for First Time in Over 2 Years