Plus: Mid-cap cryptos outperformed large-cap cryptos by nearly 25% this month.
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Hi Insiders, Tomorrow, Inside Crypto will take a deep dive into the world of decentralized autonomous organizations (DAOs) in our upcoming webinar: “DAOs: Disrupting with Code.” The webinar is free to attend and will cover everything about DAOs and how they’re turning the industry upside down. We’ve also got a great lineup of industry leaders and experts speaking at the event, including CommonLands DAO’s Rebecca Lamis, Seed Club’s Jess Sloss, and Flamingo DAO’s Jonas Lamis. Get into DAOs before they break into the mainstream and join me at tomorrow’s event. Use the link below to reserve your space. 👇 https://live.inside.com/daos Thanks for reading, and I hope to see you at the event! | | |
The global crypto market cap is $2.10T 1.68%▲ with a 24-hour market volume of $115.28B 3.87%▼. Bitcoin's dominance is currently 43.87% 0.04%▲. CURRENT PRICES BY MARKET CAP # | Name | Price | 24h % | 1 | Bitcoin BTC | $48,882.67 | 1.22% ▲ | 2 | Ethereum ETH | $3,230.04 | 0.92% ▲ | 3 | Cardano ADA | $2.75 | 1.31%▼ | 4 | Binance Coin BNB | $501.72 | 5.36%▲ | 5 | XRP XRP | $1.16 | 0.13% ▼ | *Prices as of 4:00 p.m. ET. | |
Facebook executive David Marcus said that Facebook is looking to integrate NFTs into the social media platform. The new features are expected to be added once Facebook’s Novi wallet goes live. More: - Marcus is the lead of Facebook Financial (F2), the internal group responsible for developing Novi.
- The Novi wallet is reportedly ready for launch but won’t be released until Facebook’s Diem stablecoin goes live.
- Mark Zuckerberg previously told investors that Facebook would become a metaverse company.
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Binance is now in compliance with the U.K.’s regulatory requirements, according to the Financial Conduct Authority (FCA). The announcement was made two months after the FCA imposed the requirements on the crypto exchange. More: - Binance was previously banned from operating in the U.K. for operating without consent or a license from the FCA.
- Binance received similar actions from regulators internationally, including Hong Kong, Australia, Germany, Italy, and the Netherlands.
- The FCA’s acknowledgment of Binance’s compliance is consistent with the exchange’s broader efforts to work with local regulators and government officials.
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🍋Fresh Funding🍋 Apricot Finance, DeFi: $4M ⮕ Delphi Ventures, Solana Capital, Ledger Prime, Valhalla Capital, a41 Ventures, Global Coin Ventures, and others participated in the funding round. More: - Apricot is a DeFi money market protocol within the Solana (SOL) ecosystem.
- The latest fresh funding will be used to accelerate the development and testing of the Apricot protocol.
- Apricot’s testnet is live now, and a mainnet launch is expected sometime this September.
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▲ TOP GAINERS # | Name | Price | 24h % | 1 | Revain REV | $0.01376 | 31.82% ▲ | 2 | Tezos XTZ | $4.99 | 25.14% ▲ | 3 | Horizen ZEN | $86.46 | 13.71% ▲ | 4 | Mdex MDX | $1.69 | 12.63% ▲ | 5 | Perpetual Protocol PERP | $17.85 | 11.55% ▲ | ▼ TOP LOSERS # | Name | Price | 24h % | 1 | Avalanche AVAX | $49.52 | 5.47%▼ | 2 | Terra LUNA | $29.92 | 3.68%▼ | 3 | Quant QNT | $193.51 | 2.70%▼ | 4 | Flow FLOW | $21.73 | 2.52%▼ | 5 | UNUS SED LEO LEO | $2.94 | 2.32%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 4:00 p.m. ET. | |
Chainlink (LINK) price oracles launched on the Solana (SOL) blockchain. Chainlink price feeds are available on the Solana Devnet, with a full mainnet integration expected by Q1 2022. More: - The newly integrated price oracles will bring foundational DeFi infrastructure into the Solana ecosystem.
- Price oracles enable blockchains to retrieve real-time, definitive reference data on cryptocurrencies and other assets.
- Chainlink oracles are blockchain agnostic and were most recently integrated into the Ethereum-based Fantom (FAN) Network.
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The Cardano Foundation selected Coinfirm to lead its ADA compliance efforts. The announcement said that the partnership would make ADA fully compliant with FATF guidelines, as well as 6AMLD and other international financial regulations. More: - The Cardano Foundation is an independent nonprofit organization that oversees and supervises the advancement of Cardano.
- Coinfirm provides blockchain analytics and crypto compliance solutions for Binance, crypto.com, Finoa, and others.
- The demand for AML compliance in crypto has proliferated over the past year as financial institutions adopt blockchain technologies.
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SIMON Markets LLC partnered with NYDIG to bring institutional custodial services to SIMON clients. NYDIG will reportedly assist with a broad range of client services, including bitcoin-backed borrowing. More: - SIMON is a New York-based fintech giant with over $5T in assets under management.
- In addition to service offerings, NYDIG will help provide a bitcoin education platform for wealth managers.
- According to NYDIG, 82% of clients expect advisors to be knowledgeable on BTC, and 62% would switch to an advisor with knowledge.
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- Budweiser purchased beer.eth and an NFT from the Tom Sachs Rocket Factory NFT collection.
- Kraken CEO Jesse Powell stated that the crypto exchange is currently working on receiving a regulatory license to operate in the EU.
- NBA Top Shot announced the upcoming launch of WNBA NFTs.
- Mid-cap cryptocurrencies outperformed large-cap cryptos by almost 25% over the past month.
- Binance hired former Abu Dhabi Global Market (ADGM) CEO Richard Teng as the CEO of Binance Singapore.
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| | Griffin McShane is a J.D. candidate currently living in Portland, Maine. He is a graduate of Providence College, where he studied both computer science and business. Griffin aspires one day to go to the moon and bring some of his altcoins along for the ride. | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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