Latest in Crypto: Essential News & Trends

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- Bitcoin has seen a 5.06% increase in the last 24 hours, bringing its price to $63,964.35
- Ethereum also rose by 3.91%, now trading at $2,748.33.
- Brazil's financial regulator approved a new Solana-based ETF, the second in the country, amid U.S. ETF uncertainty.
- Italian police arrested two individuals involved in a $14 million cryptocurrency heist against Holograph, exploiting a smart contract vulnerability.
- Solana, Polka Dot, Shiba Inu, and Polygon have shown significant gains over the past week, with Solana up 10.73% and Shiba Inu 14.55%.
- JetBolt, a new platform with zero-gas technology and AI-driven crypto insights, is gaining attention.
- Sui is highlighted for scalable and efficient solutions for decentralized applications, enhancing transaction handling and security.
- Kaspa utilizes the GhostDAG protocol for efficient parallel block processing, known for scalability and security.
- The crypto market is rallying due to expectations of U.S. Federal Reserve rate cuts in September.
- PayPal has partnered with Anchorage Digital to introduce a rewards program for holders of PayPal’s USD stablecoin (PYUSD).
- Web3 companies are integrating AI agents to enhance platform accessibility for users and developers.
- Ethereum developers have named the next network upgrade Fulu-Osaka, discussed during the 140th All Core Developers Consensus Call (ACDC).
- **Sun Token (SUN)from the TRON network surged over **470%** in a week, jumping from $0.009 to $0.03735**.
- Hong Kong's spot Bitcoin ETFshave surpassed 2 billion Hong Kong dollars(around $256 million) in assets under management (AUM).
- Asian blockchain hotspots like South Korea and Vietnam are expected to lead the next crypto adoption cycle due to their strong developer communities and early SocialFi adoption.
- The proposal to integrate METIS as collateral on Aave is now up for a vote, potentially broadening METIS's utility within DeFi.
- Ocean Protocol has begun its 103rd round of data farming, offering rewards for using AI to predict crypto prices.
- Flare, in partnership with Sindric Solutions, launched XDFi, the world's first compliant decentralized futures protocol, aiming to build confidence among institutional DeFi investors.
- European countries are accelerating their central bank digital currency (CBDC) projects with the European Central Bank targeting a digital euro by 2026.
- The NFT market is showing signs of recovery, with notable sales like a Bored Ape Yacht Club NFT selling for over $1 million.