Alongside the declining trading volumes, the number of Bitcoin Ordinals transactions dropped by 97% to just 20,571 in mid-August.

Yuga Labs said it would start winding back OpenSea support for “all upgradable contracts and any new collections” following the announcement from the NFT marketplace.

This week’s Crypto Biz explores the Binance Connect shutdown, BitGo’s funding round, the PayPal Crypto Hub and other news.

Alternative funding options, such as grant programs, have grown in popularity as the bear market continues to slash venture capital investments in the crypto industry.

Listing numerous areas of concern, IBM Automation’s Jerry Cuomo lays out the potential pitfalls for businesses using ChatGPT.

The new bridge aggregator allows cross-chain DAOs to only accept votes confirmed by more than one bridge.

Yoni Assia wanted to make trading accessible to “normal” people, and Vitalik Buterin helped him design the platform.

According to Musk, users will have to rely on the “mute” function instead.

Binance Connect was shut down on Aug. 16 after Checkout.com discontinued supporting the crypto exchange.

BTC price weakness continues into Wall Street trading, and Bitcoin has yet to rival seller capitulation from earlier this year.