The global crypto market cap is $2.10T 0.17%▲ with a 24-hour market volume of $99.79B 7.38%▲. Bitcoin's dominance is currently 43.29% 0.49%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $48,433.17 | 0.70% ▼ | | 2 | Ethereum ETH | $3,313.14 | 3.35% ▲ | | 3 | Cardano ADA | $2.80 | 2.47%▼ | | 4 | Binance Coin BNB | $477.70 | 0.60%▼ | | 5 | XRP XRP | $1.14 | 0.85% ▼ | *Prices as of 3:00 p.m. ET.
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 Bored Ape Yacht Club’s Mutant Ape NFTs netted $96M in one hour. The sale of 10,000 Mutant Apes was followed by an airdrop of 10,000 vials of mutant serum for existing Ape holders. More: - Mutant serum vials marked M1 and M2 would let you mint a Mutant Ape with similar traits to an original ape. M3 created an entirely new ape when applied to an existing one.
- Mutant Apes have a floor price of 7 ETH (~$22,500), up 4 ETH from the public sale.
- Bored Apes are the fifth most successful crypto-collection project, generating $355M in sales, according to CryptoSlam.
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The SEC contracted with blockchain analytics firm AnChain.AI to monitor and track illegal activity within DeFi markets. The agreement spans five years for a total of $625,000. More: - AnChain.AI announced the deal with the SEC alongside their $10M Series A funding round led by Susquehanna Group and SIG Asia Investments LLP.
- AnChain CEO and co-founder Victor Fang stated that the SEC is interested in understanding the use and technology of smart contract-based assets.
- The SEC’s interest in DeFi comes as the DeFi market cap hit $82B, and DeFi exchanges like Uniswap process billions of dollars in transactions a day.
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 🍋Fresh Funding🍋 Parallel Finance, DeFi: $21M ⮕ The Series A funding round was led by Polychain Capital and participated in by Lightspeed Venture Partners, Alameda Research, Blockchain Capital, and others. More: - Parallel is a DeFi lending and staking service protocol on the Polkadot (DOT) blockchain.
- The fresh funding will be used to move from testnet to mainnet by Q4 of this year.
- The protocol launched in March, offering leverage staking and liquidity mining on the Polkadot and Kusama (KSM) networks.
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 A message from LOHIKA "The State of Engineering Leadership 2021." Our sponsor Lohika collaborated with Plato on a research report about engineering leadership. The research is based on 500+ survey responses and 50+ interviews with engineering leaders. The 1:1 interviews were conducted with engineering leaders from Slack, Netflix, Microsoft, Nvidia, Hopin, PayPal and other technology companies. We’re excited to introduce "The State of Engineering Leadership 2021." In the report, you'll learn about the top five challenges of engineering leaders: - Scaling & structuring engineering organization
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Celo CELO | $7.60 | 74.22% ▲ | | 2 | Fantom FTM | $0.8403 | 63.26% ▲ | | 3 | Perpetual Protocol PERP | $23.24 | 29.88% ▲ | | 4 | Harmony ONE | $0.123 | 23.37% ▲ | | 5 | Arweave AR | $53.89 | 21.40% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Revain REV | $0.01852 | 12.76%▼ | | 2 | Bitcoin SV BSV | $180.82 | 10.23%▼ | | 3 | Avalanche AVAX | $43.09 | 9.95%▼ | | 4 | Internet Computer ICP | $67.67 | 7.86%▼ | | 5 | Amp AMP | $0.05483 | 7.66%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 3:00 p.m. ET.
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 Celo (CELO) partnered with Ethereum-based DeFi protocols and blockchain infrastructure providers to create a DeFi incentive program. The majority of the $100M in the “DeFi for the People” fund will be used for broad user education. More: - The Ethereum-based protocol partners included Aave, Curve, Sushi, poolTogether, 0x, and UMA.
- The blockchain infrastructure partners included Chainlink, RabbitHole, and The Graph.
- The move to increase education is consistent with Celo’s features and implementations aimed toward bringing broad adoption into crypto and DeFi.
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 DeFi platform Cream Finance was hacked for 418M AMP and 1,308 ETH (~$25M). The price of AMP dropped 15% immediately following the attack, bringing the exploit’s total value to $18.8M. More: - Cream Finance is a Compound (COMP) fork DeFi protocol with over $658M in locked assets.
- Cream issued an announcement today, stating the hacker exploited the Cream protocol through 17 separate flash loan attacks.
- A flash loan attack is where a hacker borrows and returns funds within the same transaction.
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 AriseBank CEO Jared Rice, Sr., received a five-year sentence for a $4M crypto-fraud scheme. AriseBank, the “first decentralized banking platform," has been the target of multiple criminal and civil lawsuits since 2016. More: - The announcement from the U.S. DOJ stated that Rice was additionally required to pay $4.26M in restitution.
- Rice admitted to lying to investors about FDIC-insured accounts, a credit card deal with Visa, and a fraudulent license to operate in Texas.
- In 2019, Rice pled guilty to one count of securities fraud resulting from the misappropriation of investment funds related to Arisecoin.
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 A message from ATTENTIVE MOBILE Join Rebekka Brown, Director of Client Strategy at Attentive, to learn how to launch and scale an SMS program quickly and easily before Black Friday/Cyber Monday. In this webinar, you’ll learn: - How to get started with SMS, grow subscribers, and start building loyalty
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- Solana (SOL) jumped above $100 for the first time, gaining 201% in the past month and becoming the eighth largest cryptocurrency by market cap.
- Tegucigalpa-based TGU Consulting Group launched the first crypto ATM in Honduras.
- APENFT hired Two Pillar Management principal and IMG Artists Chairman Barret Wissman as APENFT’s Chief Investment Advisor.
- Binance NFT marketplace partnered with the State Hermitage Museum to offer NFT reproductions of Van Gogh, da Vinci, and others.
- The 2021 Oslo Freedom Forum is set to feature a Bitcoin Academy that educates human rights activists on bitcoin (BTC).
- Find out how 90% of enterprise software vendors reported growth in on-prem sales over the past 5 years.*
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Upcoming Events - August 31 - How to Grow SMS Subscribers Before Black Friday & Cyber Monday. (Register Here)*
- September 2 – A SPACES Conversation with Anand Iyer (Set A Reminder)
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- October 6 – Design for Startups (Register Here)
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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. | |
Download your copy of the report to read about solutions to the top five engineering leadership challenges. | |
August 31 - [Webinar] How to Grow SMS Subscribers Before Black Friday & Cyber Monday (Register Here) | |
