headlines
▌Cryptocurrency trading and cryptocurrency wallet app downloads are down 55% year-over-year
As the cryptocurrency market has been in a protracted bear market for most of last year, cryptocurrency apps have also witnessed a drop in interest, as evidenced by a sharp drop in app downloads. While cash-advance apps grew 69% year-over-year, outpacing the rest of the fintech space, cryptocurrency and retail investing apps saw their performance decline. In fact, app downloads for cryptocurrency exchanges and cryptocurrency wallets were down 55% year-over-year through the third quarter, according to data published by Apptopia on Sept. 19.
policy
▌U.S. Treasury Department Official: Sanctions on Cryptocurrency Mixers Can Stop Financial Crimes
U.S. Assistant Secretary of the Treasury Elizabeth Rosenberg told the hearing that sanctions on cryptocurrency mixers such as Tornado Cash could strengthen U.S. sanctions against Russia and other illicit actors and could deter criminals who use the technology to launder money molecular. Sen. Elizabeth Warren (D-Mass.) also blasted cryptocurrency mixers at the hearing, saying the industry was downplaying and lying about the technology's negative impact.
cryptocurrency
▌OpenSea announced that it will support Arbitrum
OpenSea announced that it will start supporting the Layer 2 network Arbitrum. OpenSea said, "This is our first step in establishing the future goal of web3. People can get the NFT they want on their favorite chain." In previous news, the Arbitrum development team announced, Nitro node version v2.0.5 has been released. This release includes numerous improvements to the orderer and validator systems, and support for Consensusv7.
▌Data: BUSD held by four wallet addresses accounted for nearly 94% of the total supply
According to data from IntoThe Block, BUSD has a high concentration of currency holdings. About 19.31 billion BUSD (worth 18.98 billion US dollars) are controlled by four wallet addresses, accounting for 93.46% of the BUSD supply. In addition, CoinMarketCap data shows that among all cryptocurrencies, BUSD ranks sixth in market value; among all stablecoins, BUSD ranks third in market value, second only to USDT and USDC. It is reported that on September 6, Binance announced that it will automatically convert USDC, USDP, and TUSD to BUSD. On September 19, WazirX announced that it will delist USDC, USDP, and TUSD on September 26, and the balance will be converted to BUSD.