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Japan’s Metaplanet buys an additional $2 million in bitcoin, raising its total holdings to $26 million.PayPal and Venmo integrate Ethereum Name Service for crypto payments.Core Scientific eyes a $25-$30 billion valuation via new AI data center contracts.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Data from The Block indicates that August Ethereum unfiltered on-chain stablecoin transaction volumes hit an all-time high. The volume hit $1.4 trillion, with DAI leading the team, with over $900 billion, while USDT and USDC recorded over $200 billion in volumes. The diluted volume on Ethereum still indicates that USDT and USDC have higher volumes than DAI, suggesting wash trading and transfers.
Quick Take Bitcoin mining difficulty jumped 3.6% to hit an all-time high of 92.7 trillion on Wednesday. The positive adjustment comes after the Bitcoin network reached a record seven-day moving average hash rate of nearly 694 EH/s on Sunday.
Wallets holding less than 1 BTC have seen the highest record in the past seven months. Still, bitcoin’s price fails to impress.