Bitcoin speculators get burned as BTC price action delivers an overnight spike, only to reverse direction and give back all its gains.

Coinbase Advanced’s Moheeth Alvi sees pro traders as next wave of crypto users
https://cointelegraph.com/news/coinbase-advanced-s-moheeth-alvi-sees-pro-traders-as-next-wave-of-crypto-users

Alvi says the company is focused on bringing the next billion users to crypto, and attracting pro traders is a major part of its plans.

ChatGPT web traffic drops for third consecutive month in August
https://cointelegraph.com/news/chat-gpt-web-traffic-drops-third-consecutive-month-august

Web traffic from users worldwide for OpenAI’s ChatGPT declined during the summer months, which could be linked to university-aged users out of school.

The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million at the close of July.

Ava Labs is testing a high-throughput framework that will enable developers to build their own virtual machines.

The insurer attached an exclusion saying that any losses, damage, claim, occurrence or lawsuit related to NFTs are not covered by the policy.

Coinbase CEO Brian Armstrong cautioned the United States Commodities and Futures Trading Commission (CFTC) to avoid taking enforcement actions against (DeFi) protocols.

3LAU noted that there risks were necessarily high, but that he has a “responsibility” to avoid any regulatory gray areas.

NRL player Trevor Lawrence and YouTubers Kevin Paffrath and Tom Nash have reportedly opted to settle with investors who alleged they were misled by their FTX promotions.