The global crypto market cap is $2.08T 11.62%▼ with a 24-hour market volume of $228.12B 66.68%▲. Bitcoin's dominance is currently 42.46% 1.04%▲. CURRENT PRICES BY MARKET CAP # | Name | Price | 24h % | 1 | Bitcoin BTC | $47,153.73 | 9.29% ▼ | 2 | Ethereum ETH | $3,470.00 | 12.27% ▼ | 3 | Cardano ADA | $2.43 | 14.61%▼ | 4 | Binance Coin BNB | $421.32 | 15.59%▼ | 5 | Solana SOL | $177.37 | 10.63% ▲ | *Prices as of 3:30 p.m. ET. | |
Bitcoin (BTC) rallied ahead of El Salvador’s Bitcoin Day scheduled purchase of BTC, before crashing the morning of. The scheduled purchase signified the official adoption of BTC as legal tender. More: - El Salvador is the first country to adopt bitcoin as legal tender.
- Citizens who downloaded the country’s official Chivo bitcoin wallet received $30 in BTC from the scheduled purchase.
- Immediately preceding the scheduled purchase, bitcoin dropped 10%, nearing a one-month low of $42,921.
- Since today's sudden price drop, bitcoin has recovered to around $47,000.
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The $25M OP Crypto Capital Management fund launched to fund early-stage DeFi, Web 3.0, and metaverse companies. The fund was backed by Huobi Ventures, Galaxy Digital, Digital Currency Group, Bybit’s Mirana Ventures, the Chainsmokers, and others. More: - The fund will support companies looking to list tokens or create institutional fund products for their tokens.
- OP Crypto will be led by David Gan, a former executive at Huboi and managing director of blockchain startup incubator Huobi Labs.
- Gan said he is particularly interested in backing metaverse companies offering interoperability and unique user experiences.
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A message from VOICE Introducing Voice: an NFT platform for emerging creators The NFT market surged to new highs in the Q2 of 2021, hitting $2.5 billion in sales so far this year. Yet even during its busiest time, there were fewer than 50k active participants - meaning there’s a long way to go before the technology hits the mainstream. (source) That’s because hurdles are high for creators looking to get involved. A steep learning curve and complex onboarding have kept the technological benefits of NFTs to a relatively small audience - until now. Introducing Voice, a carbon neutral NFT platform built specifically for emerging creators. The platform is environmentally friendly and has a clear path to becoming decentralized and portable. Voice is easy to use for both creators, who can mint for free, and collectors, who can use credit cards to purchase. The platform is being built with real-time feedback from both established curators and emerging creators. Voice believes that NFTs can change how we all share, collect and exchange ideas. Start minting today for free at Voice.com | |
🍋Fresh Funding🍋 Bit2Me, Wallet/Exchange: $2.96M ⮕ The ICO funding round for Bit2Me’s native B2M sold out in just under a minute. More: - Bit2Me is a cryptocurrency platform and custodian based in Spain, with services offered internationally.
- Bit2Me issued 500M B2M during its ICO period. Another 750M B2M is expected to be issued for a total of 1.25B B2M in circulation.
- B2M token holders receive benefits from the platform, including commission discounts, increased access to services, and governance opportunities.
Cyclos, DeFi/AMM: $2.1M ⮕ CMS Holdings, Hashkey, Solana Capital, Huobi Ventures, Coin98 Ventures, DigiStrats, and others participated in the private funding round. More: - Cyclos is a concentrated liquidity automated market maker (AMM) for the Solana (SOL) ecosystem.
- The fresh funding will be used to provide liquidity on Serum order books.
- V1 of Cyclos on Serum is expected to launch sometime this quarter.
deBridge, DeFi/Cross-Chain: $5.5M ⮕ The private funding round was led by ParaFi and participated in by Animoca Brands, Huobi Ventures, NeptuneDAO, D64, SkyVision Capital, and others. More: - deBridge is a cross-chain interoperability and liquidity transfer protocol maintained by validators running Chainlink (LINK) oracle nodes.
- The fresh funding will be used to accelerate the project's growth toward a mainnet launch sometime this year.
- The first phase of the mainnet will include support for Ethereum, Binance Smart Chain, HECO, Polygon, and Arbitrum.
- deBridge initially started as the winner of the Chainlink Spring 2021 Hackathon five months ago.
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▲ TOP GAINERS # | Name | Price | 24h % | 1 | NEAR Protocol NEAR | $7.29 | 20.90% ▲ | 2 | Solana SOL | $176.92 | 10.97% ▲ | 3 | Fantom FTM | $1.54 | 7.02% ▲ | 4 | UNUS SED LEO LEO | $3.17 | 4.15% ▲ | 5 | Tether USDT | $1.00 | 0.00% ▲ | ▼ TOP LOSERS # | Name | Price | 24h % | 1 | Internet Computer ICP | $60.65 | 23.86%▼ | 2 | Filecoin FIL | $82.93 | 23.30%▼ | 3 | Synthetix SNX | $10.75 | 22.44%▼ | 4 | THORChain RUNE | $9.10 | 22.42%▼ | 5 | Tezos XTZ | $4.36 | 22.23%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 3:30 p.m. ET. | |
Fantom (FTM) jumped 27% in the past 24 hours and reached an ATH of $1.73. The spike in FTM’s market price has been attributed to the growing popularity of the on-chain game Rarity. More: - FTM has exploded over the past 30 days, gaining 483%.
- Rarity is a text-based, role-playing game inspired by the Dungeons and Dragons board game.
- The Fantom-based game has received over 120,000 users since it launched on Saturday.
- Rarity creator Andre Cronje explained the project mechanics in a blog post, including its use of text-based NFT “Loot” features.
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A message from EXODUS Meet the company that set a new crypto public offering record Exodus, one of the most popular cryptocurrency apps, is on a mission to help half the world exit the confines of traditional finance by 2030. Exodus already made history by completing a groundbreakingSEC regulated offering on its platform. After receiving commitments worth $60,000,000 within 5 days of the offering going live, it quickly sold out of its maximum permitted $75 million in shares. On September 14, Exodus shares will be available to most of the world on tZERO alternative trading system. You’ll be able to buy shares with Bitcoin, Ethereum, or USDC. Shares will then be represented digitally and secured by the blockchain. Why invest in Exodus? 🚀 Exodus is growing fast. The company achieved its highest quarterly revenue to date and its monthly active users has increased 320% year on year. 🚀 If DeFi speaks to you, then this is your chance to invest early in a company that embodies the best of the DeFi movement. INVEST TODAY | |
FTX Token (FTT) reached an ATH of $83 after surging 10.2% in the past 24 hours and 69% over the past week. The jump came ahead of the U.S. launch of the FTX NFT marketplace. More: - FTT is now the 26th largest cryptocurrency by market cap after the latest move increased its market cap by $8.44B.
- FTT is the native token for the FTX crypto exchange. FTT holders receive discounted trading fees and staking rewards for holding the token.
- For the platform’s U.S. debut, FTX’s founder and CEO Sam Bankman-Fried auctioned his own “Test” NFT for $270,000.
- FTX U.S. NFT marketplace temporarily changed its NFT minting fee to $500 following a massive sea of fish NFTs flooding the platform.
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Loot NFT collection N Project reached a market cap of 10,260 ETH (~$40M) just three days after its launch. Unlike traditional Loot NFTs, which contain text lists for RPGs, N Project offers lists of 8,888 randomly generated numbers. More: - Loot NFTs are randomly generated, text-based NFTs that offer no images or other media.
- The floor price for all Loot NFTs is currently around 12.8 ETH ($50,000).
- N Project has a floor price of 1.93 ETH and a total trading volume of 6,800 ETH on OpenSea.
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QUICK HITS - These industry trends are driving the adoption of cloud-native Edge solutions. Find out how to achieve full lifecycle management for the Edge.*
- BBVA Switzerland announced the launch of a digital investment account with crypto wallet functionality.
- FTX signed the NBA’s Stephen Curry for an endorsement deal that includes an equity stake in FTX Trading Limited.
- Bitfinex launched a tokenized equity and bonds exchange platform.
- Sotheby’s auction for dour-faced, Bored Ape Yacht Club NFTs received a bid of $19M with three days left in the auction. The expected auction price range listed by Southby’s was between $12-$18M.
- Japan’s Rakuten announced that it would launch an NFT marketplace in the Spring of 2022.
- Jersey Mike's shares the tech stack that brought their customers a digital personalized experience. Learn how.*
* This is sponsored content. | |
Upcoming Events - September 8-11 - LTX Quest: Meet thousands of leading Latinx professionals at the largest Latinx networking event in the world. (Free ticket on us)*
- September 15 - The Business of Psychedelics (Register Here)
- September 21 - AMA with Katie Stanton of Moxxie Ventures (Register Here)
- September 21-23 - Opticon21: The Path to Potential. Take your organization from stable to adapt (Register Here)*
- September 22 - The Housing Startups Boom (Register Here)
- September 29 - Livestream Shopping: The rise of the next billion-dollar industry (Register Here)
- October 6 - Design for Startups (Register Here)
- October 14 - NFT Community Collectibles (Register Here)
- October 26-27 - Meet our Fund Fall ’21 Cohort (Register Here)
Want to see all of our upcoming events? Visit us at https://inside.com/events DID YOU KNOW WE'RE HIRING? *This is a sponsored post | |
| | 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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