Ethereum Price Hits 2-Year High as ETH Futures Open Interest Tops $1.5B

Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at a new record high of $1.5 billion.

ETH-USD 4-hour chart. Source: TradingView.

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First Litecoin-Native Visa Debit Card Is Being Launched

The first Litecoin (LTC) native Visa debit card is being launched by BlockCard. 
Charlie Lee told Cointelegraph this is their second attempt at the endeavour as the previous one failed: “We previously worked with LitePay on a debit card but that failed when LitePay went out of business.

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Bitcoin Price Above $11.5K as Key BTC Price Metric Suggests $12K Retest

Today Bitcoin (BTC) price rebounded from its recent low at $11,125 on Aug 11 to $11,617. This suggests traders are turning optimistic as key data show a significant amount of liquidity for BTC until $12,000.

Cryptocurrency daily market performance snapshot.

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Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern

Data from blockchain intelligence firm Flipside Crypto show that 50% of DAI, Maker’s decentralized stablecoin, is now on Compound (COMP). While the figure seems a positive factor for COMP’s growth, it shows a concerning trend for DAI.

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