Observations:
Ignite, one of the most prominent companies in the Cosmos blockchain ecosystem and previously called Tendermint, has lost more than half of its employees. Related to current CEO Peng Zhong leaving the company followed by many executives as founder Jae Kwon controversially returns to the company. Dismissed some employees and others volunteered to leave in return for severance packages. Leaves future uncertain - source
Both Kucoin and Circle have denied they are in any trouble following FUD this weekend regarding the health of Kucoin exchange and USDC
Curious recent uptick in ENS volume according to Nansen data. 000.eth was also sold for 300 ETH, 2nd largest sale measured in both ETH and dollars - source
Plus more. Today is a holiday for fellow burgers. Let’s see what fuckery today brings. We’re still not fully done with the insolvency saga. The quiet before the storm
- Time moves differently in crypto. Crypto is an intricate game filled with various players operating across multiple time frames and with varying agendas. Day in, day out, the pieces are moving all across the board. Sometimes for the better and sometimes for the worse. Here’s a small glimpse of what has happened so far today in our little crypto bubble -
Crypto:
BlockFi $680M deal with FTX.US. Includes a $400M credit facility and provides FTX an option to acquire the firm at a price up to $240M - source
KuCoin denied “rumors” suggesting that the company might halt withdrawals owing to losses suffered amid recent market turmoil. KuCoin “does not have any exposure to LUNA, 3AC, Babel, etc.” - source
Crema Finance, a concentrated liquidity protocol on the Solana blockchain, hacked for $8.78M - source
Crypto lender Celsius fires a quarter, 150 employees - source
Tether continues to reduce commercial paper in sharp reduction since March - source
Vauld, a Singapore-based crypto trading and lending platform with most of its team in India, has become the latest crypto firm to halt customer withdrawals amid the market tumult. The firm has raised $27.5M in total funding to date. Claims does not have any exposure to Celsius or Three Arrows Capital - source
The Ethereum Name Service saw the second-largest ENS name purchase of 000.eth for a total of $315,000 - source
Orthogonal Trading issues a notice of default to Babel Finance regarding $10M loan - source
Cardano Testnet Vasil hardfork confirmed. Important next step in the journey towards the Vasil upgrade on mainnet- source
Hackers allegedly stole personal records belonging to more than 1 billion Chinese citizens. One anonymous hacker by the name of ChinaDan is claiming to sell the stolen information for 10 Bitcoin - source
Meta plans to close down its Novi digital wallet on September 1. Meta said users could choose to transfer their funds to bank accounts or withdraw them as cash - source
Argentina carries out crypto wallet seizures linked to tax delinquents - source
Central African Republic launches national cryptocurrency called 'Sango Coin'. Sango Coin and bitcoin will exist as recognized cryptocurrencies - source
Nervos Layer 2 - Godwoken L2 - source
The Future of Crypto Gaming - source
Managing Crypto Gaming Economies - source
VC Monthly Funding Report June - source
Averexchange Public Beta is now LIVE on solana Mainnet - source
dLab, Omnichain Interoperable Payment Protocol. Building 1st Omnichain DEX/NFT Aggregator on Layerzero - source
NFTs/Metaverse:
NFT marketplace volume fall 94% since the beginning of the year from $16.6B in January to a little over $1B in June - source
Alex Atallah, co-founder of OpenSea, will step away from the company that he co-founded, while remaining on the board - source
Coca-Cola to launch the "Pride" NFT collection on Polygon in partnership with designer Rich Mnisi - source
Ethereum NFT soccer game Sorare announced French soccer star Kylian Mbappé as an investor and brand ambassador, secondary sales of Sorare NFTs skyrocket nearly 800% - source
Porsche, the German automobile manufacturer specializing in high-performance vehicles, will launch its own NFT Universe. The waitlist is now live - source
Coinbase continues to build out its eight-week-old NFT marketplace despite low performance - source
Raises:
Jadu Raises $36M for Web3's Definitive AR Platform - source
IncrementFi, DeFi platform on Flow blockchain, $1M Seed Round - source
New Listings:
Data:
From: CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $19,593.04, up 2.6% (24H)
Ethereum: $1,089.38, up 3.4% (24H)
Crypto Market Cap: $921B, up 2.4% (24H)
Total Crypto Trading Volume: $64.2B
24H Highest Volume Coins: USDT, BTC, ETH, USDC, BUSD, XRP, BNB, SOL, TRX, ADA
24H Lowest Volume Coins: cUSDC, cETH, cDAI, HBTC, XRD, OMI, EVMOS, XAUT, LEO, GT
BTC Dominance: 41.08%
BTC Longs: 53.30%
BTC Shorts: 46.70%
Fear & Greed Index: 14, Extreme Fear
DefiLlama DeFi TVL Change: $74.8B, up 2.26% (24H)
Token Terminal Total Revenue: (24H)
Ethereum: up 12.2% with $2.3M in revenue
Uniswap: up 7.3% with $856.1k in revenue
OpenSea: up 26.5% with $70.1k in revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: gOHM, PTU, CPOOL, RPG, LXF
Outflow: SYN, RPL_new, APE, dSNX, TEMP
CryptoSlam Blockchains by NFT Sales Volume (24H):
Ethereum: up 17.38% with $9.7M in sales
Solana: up 0.57% with 1.76M in sales
DappRadar NFT Collection Rankings by Volume (24H):
ENS: up 175.66% with $4.42M in volume
God Hates NFTees: up 130.19% with $1.29M in volume
BAYC: up 92.2% with $1.03M in volume
DappRadar NFT Marketplaces Volume: (24H) *excludes washtrading*
OpenSea: down 3% with $16.29M in volume
X2Y2: up 72.25% with $2.17M in volume
LooksRare: up 121.96% with $907.82k in volume
Magic Eden: down 59.37% with $676.06k in volume
Nansen Hot NFT Contracts (24H):
ENS: 3552 ETH volume
God Hates NFTees: 921 ETH volume
BAYC: 583 ETH volume
Nansen NFT Smart Buys (24H) :
ENS: 5 Smart Buyers with 20 ETH volume
XOXONFT: 5 Smart Buyers with 9.03 ETH volume
Meka Rhinos: 4 Smart Buyers with 3.78 ETH volume
God Hates NFTees: 3 Smart Buyers with 49 ETH volume
Nansen NFT Smart Sells (24H):
CryptoPunks: 2 Smart Sellers with 141 ETH volume
ENS: 11 Smart Sellers with 67 ETH volume
DopeApeClub: 19 Smart Sellers with 4.02 ETH volume
Nansen NFT Smart Mints (24H):
ENS: 25 Smart Minters with 6.6 ETH volume
HS Pepper Party Genesis: 1 Smart Minters with .6133 ETH volume
Godlovenftees: 52 Smart Minters with .4364 ETH volume
Unlocks:
VEGA, UMEE,
Vestlab - Source
Coinowl - Source
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