Coinbase plans to raise over $2 billion in a dual-tranche offering to fund future investments and stock buybacks.

Coinbase plans $2B dual-tranche note sale to fund buybacks, acquisitions

The founder of the lending firm MyConstant agreed to pay over $10 million to 
the SEC to settle claims he stole millions to buy the now-collapsed Terra 
stablecoin.

Crypto exec to pay $10M to settle SEC claims over betting on TerraUSD

Base, Coinbase’s Ethereum layer-2 blockchain, experienced a 33-minute network 
outage on Aug. 5 after a faulty sequencer transition halted block production. 
A bug in Conductor, an OP (OP) Stack component that oversees Base&#8217;s high- 
availability sequencer cluster, was the root cause…

What caused Base blockchain’s 33-minute network outage?

The U.S. dollar could soon be reanchored to gold as global faith in fiat 
erodes, with Ray Dalio spotlighting historic cycles pointing toward a seismic 
monetary realignment. Ray Dalio Hints at Possible Dollar Reset as Confidence 
in Fiat Fades Amid growing concerns over fiat currency stability and rising 
global debt, some financial experts are revisiting […]

US Dollar Could Return to Gold Backing, Says Ray Dalio as Fiat Trust Erodes

Ethereum price found support near the $3,400 zone and recovered. ETH is 
struggling to settle above $3,700 and might dip once again. Ethereum started a 
fresh increase above the $3,440 and $3,500 levels. The price is trading below 
$3,620 and the 100-hourly Simple Moving Average. There was a break below a key 
bullish trend line with support at $3,620 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could start a fresh increase if it remains 
supported above the $3,500 zone in the near term. Ethereum Price Dips Below 
$3,600 Ethereum price started a fresh increase from the $3,365 support zone, 
beating Bitcoin. ETH price was able to recover above the $3,400 and $3,500 
resistance levels. There was a move above the 50% Fib retracement level of the 
downward move from the $3,877 swing high to the $3,369 low. The bulls even 
pushed the price above the $3,700 resistance zone. However, the bears remained 
active near the $3,750 zone. The 61.8% Fib retracement level of the downward 
move from the $3,877 swing high to the $3,369 low acted as a resistance. The 
price started another decline below $3,700. There was a break below a key 
bullish trend line with support at $3,620 on the hourly chart of ETH/USD. 
Ethereum price is now trading below $3,600 and the 100-hourly Simple Moving 
Average. On the upside, the price could face resistance near the $3,620 level. 
The next key resistance is near the $3,700 level. The first major resistance 
is near the $3,750 level. A clear move above the $3,750 resistance might send 
the price toward the $3,820 resistance. An upside break above the $3,820 
resistance might call for more gains in the coming sessions. In the stated 
case, Ether could rise toward the $4,000 resistance zone or even $4,120 in the 
near term. More Losses In ETH? If Ethereum fails to clear the $3,620 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $3,550 level. The first major support sits near the $3,510 zone. A 
clear move below the $3,510 support might push the price toward the $3,420 
support. Any more losses might send the price toward the $3,350 support level 
in the near term. The next key support sits at $3,220. Technical Indicators 
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. 
Hourly RSI &#8211; The RSI for ETH/USD is now below the 50 zone. Major Support Level 
– $3,550 Major Resistance Level – $3,750

Ethereum Price Falters Above $3,700 – Is a Pullback Brewing?

The performance of the altcoins this week suggests “rapid derisking across the 
high-beta segments” of the crypto market.