Top stories in the Crypto Roundup:

• David Kleiman’s estate reportedly awarded intellectual property and bitcoins in win against Craig Wright.
• Binance announced cryptocurrency lending platform.
• Ethereum Foundation, ConsenSys, and Protocol Labs announce Eth2.0 grant funding.

BTC/USD retraced slightly overnight (UTC), losing the 50 day EMA on the four-hour chart in the process of doing so. Volume has failed to back up the price jump that transpired over Sunday and Monday; a sign that more rangebound price action is likely on the way for the BTC/USD pair.

At the time of writing, bitcoin (BTC) is trading at $10,231.5 (–1.27%) with daily top-tier volume of $1.42 bn. As for ether (ETH) it is trading at $186.9 (–1.91%) with daily top-tier volume of $204.91 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,302.1 (–1.18%).

Kleiman Estate Reportedly Awarded Intellectual Property, Bitcoins, in Win Against Craig Wright

A hearing in the case between David Kleiman’s estate and Craig S. Wright reportedly concluded on Monday with the U.S. District Court for the Southern District of Florida rejecting Craig S. Wright’s testimony and ordering that the Kleiman estate be rewarded 50 percent of the alleged 1.1 million bitcoins that the late Kleiman mined with his then-business partner Wright prior to December 31, 2013.

The court also reportedly awarded Kleiman’s estate the intellectual property associated with the Bitcoin software relevant to case. Wright will also not be entitled to a jury trial and cannot oppose the order though he can appeal, CoinDesk—citing an individual familiar with the case—reported. Whilst the case is not yet over, the main issues have now been ruled upon by the presiding magistrate, whose order will have to be adopted by District Judge Beth Bloom before becoming final.

Binance Announces Cryptocurrency Lending Platform

The world’s leading cryptocurrency exchange Binance announced it will soon launch a lending business for customer deposits that initially supports tether (USDT), Binance Coin (BNB), and Ethereum Classic (ETC). Loans will carry a two-week fixed maturity with annualized interest rates of 10, 15, and 7 percent, respectively.

The platform—known as Binance Lending—will go live at 06:00 UTC on August 29, a Monday announcement from Binance noted. The exchange operator also stated “more Binance Lending products would be released soon.”

Commenting on the Binance Lending announcement, Binance chief executive Changpeng ‘CZ’ Zhao tweeted on Monday that the product “will also increase the availability of funds to lend to [Binance] Margin traders, so expect the (previously low) margin limits to increase a bit.”

Ethereum Foundation, ConsenSys, Protocol Labs, Announce Eth2.0 Grant Funding

The Ethereum Foundation announced Monday the distribution of more than $2 million in grant funding “aimed at furthering Serenity (Eth2.0) development as [the Ethereum developer community] move nearer to the launch of the Beacon Chain.” Contributing an undisclosed amount toward the grant funding were ConsenSys and Protocol Labs.

“In recent months,” a blog post announcing the grants stated, “the Ethereum Foundation granted substantial awards to leading client development teams currently tasked with delivering long-standing multi-client testnets as development approaches the launch of Phase 0."

Accounting for $1.71 million of the grant funding were Prysmatic Labs, Status, and Sigma Prime, which were granted, respectively, $725,000, $500,000, and $485,000. Grants awarded to the former two came exclusively from Ethereum Foundation, with ConsenSys co-funding the latter’s grant.

State of the Crypto by Top Tier Exchange Volume

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