The global crypto market cap is $2.10T 1.34%▲ with a 24-hour market volume of $185.05B 18.76%▼. Bitcoin's dominance is currently 41.53% 0.98%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $46,421.51 | 1.09% ▼ | | 2 | Ethereum ETH | $3,524.93 | 2.57% ▲ | | 3 | Cardano ADA | $2.42 | 0.93%▲ | | 4 | Binance Coin BNB | $419.72 | 0.47%▲ | | 5 | Solana SOL | $191.46 | 9.12% ▲ | *Prices as of 4:00 p.m. ET.
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 Coinbase CEO Brian Armstrong disclosed that the SEC is preparing an enforcement action against Coinbase over its lend platform. Armstrong stated in a blog post that Coinbase is unsure why the SEC is taking action. More: - Coinbase Lend is an upcoming feature on Coinbase that enables USDC holders to earn interest by lending their USDC to borrowers on the platform.
- Armstrong alleged that Coinbase had been proactively working with the SEC for almost six months on the launch of Lend before the SEC initiated its investigation.
- The SEC claimed that the lending feature is a security and the launch of the new feature would violate U.S. securities regulations, but Armstrong said the SEC would not say why.
- Armstrong called the SEC’s behavior “sketchy” and scrutinized its failure to work with crypto companies or provide any meaningful guidance in a Twitter thread.
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 Christie’s Auction House announced that it would offer live ETH bidding for its upcoming Art Blocks NFT auction. This will be the first auction to offer a live bidding format using cryptocurrency. More: - A previous CryptoPunks auction allowed ETH payments, but this will be the first auction to list bids natively in ETH.
- Art Blocks NFTs have netted over $500M over the past month, making it the second-highest NFT project by sales volume behind Axie Infinity.
- Chromie Squiggles, which are likely to be featured in the Christie’s auction, are among the most popular Curated Art Blocks collection pieces.
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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
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 🍋Fresh Funding🍋 Eden Network, Ordering Protocol: $17.4M ⮕ The seed funding round was led by Multicoin Capital and participated in by Alameda Research, Jump Capital, Wintermute, and others. More: - Eden Network (formerly Archer DAO) is a Miner Extractable Value (MEV) focused DeFi ordering protocol aiming to eliminate transaction frontrunning.
- Frontrunning occurs when gas fees are increased to incentivize miners to give transactions in a block higher priority over others.
- Eden Network’s ordering program has already been integrated into DeFi exchanges like SushiSwap (SUSHI).
- The fresh funding will be used to accelerate Eden’s adoption of miners and users.
SubQuery Network, Data Indexing: $9M ⮕ The Series A SAFT funding round was led by Digital Currency Group, Arrington capital, and Stratos Technologies, with participation from Wintermute, Skynet Trading, and others. More: - SubQuery is a data indexing protocol for Polkadot (DOT) and Kusama (KSM) blockchains that is looking to expand to other Layer 1 blockchains like Solana (SOL) and Terra (LUNA).
- The most similar alternative protocol to SubQuery on the Ethereum blockchain is the Graph (GRT).
- The fresh funding will be used to decentralize the SubQuery network and launch its own native token.
- SubQuerry has raised a total of $10.8M in funding to date. It previously raised $1.8M in a seed funding round back in March.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Algorand ALGO | $1.74 | 43.65% ▲ | | 2 | IOST IOST | $0.07185 | 10.97% ▲ | | 3 | NEAR Protocol NEAR | $1.54 | 7.02% ▲ | | 4 | Harmony ONE | $0.1408 | 17.20% ▲ | | 5 | Shiba Inu SHIB | $0.000006953 | 15.18% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Telcoin TEL | $0.01938 | 3.33%▼ | | 2 | Aave AAVE | $336.46 | 3.32%▼ | | 3 | Flow FLOW | $20.72 | 2.49%▼ | | 4 | Chainlink LINK | $27.43 | 2.27%▼ | | 5 | Basic Attention Token BAT | $0.7714 | 2.22%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 4:00 p.m. ET.
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92% of all long crypto futures positions were liquidated after bitcoin’s (BTC) flash crash yesterday. The amount of liquidations totaled $3.7B in trading positions, with Bybit accounting for $1.3B in liquidations. More: - BTC futures positions took the hardest hit with $1.4B in liquidations, followed by ETH ($928M) and XRP ($223M).
- The mass liquidation affected a total of 376,000 accounts across all exchanges with futures trading functionality.
- Alameda Research CEO Sam Trabucco highlighted the similarities between this latest flash crash and the crash where BTC fell from $65,000 earlier this year.
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 A message from EXODUS Invest in Exodus - the record-breaking US crypto company Exodus broke a US Regulation A+ public offering record this spring, raising $75 million in just a few weeks (with $60 million committed in just the first five days). What made that initial public offering even more impressive is that it was only open to US investors in selected states. Now the rest of the US and more than 30 countries worldwide can trade in Exodus shares. On September 14, Exodus shares will be available on tZERO alternative trading system. This is your chance to own a part of what Business Insider recently called the “best overall” Bitcoin wallet. But Exodus is more than just a wildly popular crypto wallet. It’s a forward-thinking hub for crypto and DeFi, and it’s on a mission to help half the world exit the confines of traditional finance by 2030. Be among the first to own a stake in the future of finance. Invest Now
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 Panama passed legislation to better align the country's economy with internet, blockchain, and crypto businesses. A draft bill shared by Panamanian congressman Gabriel Silva included recognising bitcoin (BTC) as a legal payment option. More: - If passed, the bill would regulate cryptocurrencies as money for civil, commercial, and tax-related purposes.
- Among the other key objectives, the draft sets out to recognize and support DAOs in the country.
- Panama additionally proposes the migration of public records and legislative acts to a public blockchain.
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 75% of the Bored Ape Yacht Club Tron (BAYCT) NFTs were minted 24 hours after launch. Despite Palmar Labs’ temporary postponement of the minting event, the project successfully sold all 10,000 of its TRON-based NFTs. More: - This was the fifth NFT project to launch within the TRON (TRX) ecosystem, following other iterations of popular NFT collections Tpunks and Tronmeebits.
- BAYCT NFTs were developed by Palmar Labs as a “homage to the OG Bored Ape Yacht Club” and are not affiliated with official BAYC creator Yuga Labs.
- Similarly, Tpunks and Tronmeebits are not affiliated with the original projects’ creator, Larva Labs.
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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.*
- Doja Cat’s “Planet Doja” NFT collection dropped on the Tezos (XTZ) NFT marketplace OneOf.
- Balancer DeFi protocol will integrate with blockchain trading platform WallStreetBets DApp (WSBDApp) as part of a strategic partnership.
- CoinShares announced the listing of physically-backed bitcoin (BTC) and ethereum (ETH) ETPs on Euronext exchanges in Paris and Amsterdam.
- An OpenSea bug that accidentally sent ENS domains to burn addresses destroyed $100,000 in NFTs in 24 hours.
- The hacker responsible for Cream Finance's 5,152.6 ETH ($17.6M) hack returned 90% of the stolen funds.
- Jersey Mike's shares the tech stack that brought their customers a digital personalized experience. Learn how.*
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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
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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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