Visa says managing ether (ETH) balance to cover gas fees is “burdensome” and too complex, according to a blog post. Source: https://www.coindesk.com/business/2023/08/11/visa-eyes-mass-adoption-of-crypto-by-testing-method-of-paying-on-chain-gas-fees-through-fiat/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Like Facebook’s ill-fated Libra project, PYUSD is getting some pushback in Washington D.C. But its prospects seem more promising, says Michael J. Casey. Source: https://www.coindesk.com/consensus-magazine/2023/08/11/paypals-stablecoin-is-no-libra-why-the-timing-feels-right/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. Securities and Exchange Commission (SEC) extended its review of the Ark 21Shares Bitcoin ETF application, as it continues to look at applications from traditional finance heavyweights like …

A grayed-out “airdrop” icon at the top of the Friend.Tech app suggests the platform will release a token. Source: https://www.coindesk.com/markets/2023/08/11/coinbase-layer-2-base-overtakes-optimism-in-daily-active-users-as-friendtech-hype-soars/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said. Source: https://www.coindesk.com/business/2023/08/11/paypals-stablecoin-unlikely-to-see-significant-adoption-in-the-near-term-bank-of-america/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

An inverse head-and-shoulders pattern, one of the most trusted indicators known to presage major price rallies, is building in the altcoin market. Source: https://www.coindesk.com/markets/2023/08/11/altcoin-season-is-coming-technical-analysis-suggests/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The tokens were up as much as 5% in the past 24 hours, bucking a market-wide trend. Source: https://www.coindesk.com/markets/2023/08/11/shiba-inu-bucks-crypto-market-lull-ahead-of-shibarium-deployment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Low liquidity after the token’s relisting likely caused a temporary pricing glitch on the exchange. Source: https://www.coindesk.com/markets/2023/08/11/xrps-market-cap-momentarily-zoomed-to-trillions-of-dollars-on-gemini/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The index has a solid track record of shifts in the bitcoin market trend. Source: https://www.coindesk.com/markets/2023/08/11/matrixports-bitcoin-greed-and-fear-index-indicates-upswing-ahead/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Modest Consumer Price Index (CPI) numbers mean that the chance of another rate hike is dwindling. Source: https://www.coindesk.com/markets/2023/08/11/first-mover-asia-bitcoin-is-cpi-resistant/?utm_medium=referral&utm_source=rss&utm_campaign=headlines