A lot of put options are in-the-money, crypto options exchange Deribit’s Lin Chen said. Source: https://www.coindesk.com/markets/2023/08/24/bitcoin-ether-trade-below-maximum-pain-levels-ahead-of-27b-options-settlement/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted. Source: https://www.coindesk.com/markets/2023/08/23/bitcoin-climbs-3-to-266k-sol-near-ada-lead-crypto-market-gains/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday. …

The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value. Source: https://www.coindesk.com/markets/2023/08/23/dai-stablecoin-surpasses-5b-market-cap-on-higher-yield-lifting-spark-protocol/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cypher’s IDO will test whether it can recapture momentum. Source: https://www.coindesk.com/business/2023/08/23/hacked-crypto-exchange-cypher-plans-to-hold-public-token-sale/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/business/2023/08/23/nvidias-make-or-break-earnings-could-be-huge-for-ai-tied-crypto-tokens/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

As the various structural risks of crypto investing change over time, the opportunities for returns change, too. Source: https://www.coindesk.com/markets/2023/08/23/the-thermodynamics-of-crypto-investing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The decentralized finance (DeFi) market slumped to its lowest point since February 2021 in terms of total value locked (TVL) on Wednesday. Source: https://www.coindesk.com/business/2023/08/23/defi-shrinks-to-multiyear-low-as-the-crypto-fueled-future-of-finance-falters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Also announced was a partnership with startup Tokenproof. Source: https://www.coindesk.com/markets/2023/08/23/near-jumps-5-after-nexo-integration-bucking-market-trend/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Sam Bankman-Fried appeared in court Tuesday to plead not guilty to latest indictment. Source: https://www.coindesk.com/policy/2023/08/23/ftx-founder-sam-bankman-fried-intends-to-blame-fenwick-west-lawyers-in-his-defense/?utm_medium=referral&utm_source=rss&utm_campaign=headlines