Shopify Integrates Solana Pay; Ethereum’s Declining ETH Supply; Mastercard Cuts Ties With Binance

By: Collective Shift August 30, 2023 1 min read

Key Takeaways

Solana Pay integrated its plug-in with Shopify, allowing millions of businesses on its platform to use it for payments. Bullish.
The supply of ETHfell for the first time over a 12-month period, a deflationary year. Use ultrasound.money to track ETH suply. Bullish.
More setbacks for Binance, after Mastercard dropped the exchange from its card program with Binance. Refer to our BNB asset rating and Nick’s recent article. Bearish.
Tornado Cash (TORN) founders have been charged with sanctions violations. Tornado cash is a privacy-preserving protocol.
FTX may work with Galaxy Digital to sell, hedge or stake its $3B worth of cryptocurrencies, possibly propping up sell-side pressure over the years ahead.

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