The first cryptocurrency dipped 4.3% to around $20,549, its lowest point since July 16, after the head of the U.S. central bank said the Fed would maintain its restrictive monetary course. This article originally appeared in Market Wrap, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Author: Jimmy He, Helene Braun

Earlier this week, the bitcoin mining firm lowered its year-end growth projection from 5 EH/s to 3.2 EH/s. Author: Eliza Gkritsi

The market is “still sound” and has “high potential” for growth, Gulf Energy CEO Sarath Ratanavadi said. Author: Shaurya Malwa

Compound v3 limits the protocol’s supported tokens and introduces governance changes. Author: Elizabeth Napolitano

U.S. Federal Reserve speakers were out in force one day ahead of Chairman Powell’s keynote address at the Jackson Hole conference. Author: Helene Braun