The global crypto market cap is $2.18T 3.43%▲ with a 24-hour market volume of $100.83B 11.88%▼. Bitcoin's dominance is currently 41.48% 0.30%▼. CURRENT PRICES BY MARKET CAP # | Name | Price | 24h % | 1 | Bitcoin BTC | $47,959.01 | 2.52% ▲ | 2 | Ethereum ETH | $3,550.30 | 5.22% ▲ | 3 | Cardano ADA | $2.48 | 3.70%▲ | 4 | Binance Coin BNB | $426.76 | 4.83%▲ | 5 | XRP XRP | $1.12 | 3.54% ▲ | *Prices as of 5:00 p.m. ET. | |
Fidelity Investments met privately with the SEC to push its bitcoin ETF. A newly released document shows that the meeting was allegedly held on Sept. 8. More: - Fidelity filed for Wise Origin Bitcoin Trust back in March, around the same time as WisdomTree Investments and Ark Investment Management.
- Fidelity Digital Assets executives allegedly reasoned that investor appetite, bitcoin growth, and similar funds set up internationally make now the time to approve of an ETF.
- Gensler signaled that the SEC might approve of a Bitcoin ETF that follows similar compliance regulations as mutual funds.
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The head of product development at OpenSea was accused of insider trading of NFTs. Nate Chastain allegedly used confidential information to buy NFTs before they were promoted on the platform. More: - Similar to the Coinbase listing effect, NFTs promoted on OpenSea’s front page tend to get a boost in price.
- On-chain data showed wallet accounts purchasing NFTs minutes before OpenSea featured them and sending profits to public address 0xa3a4.
- 0xa3a4 was discovered as Chastain’s account due to its ownership of ENS domain natec.eth and CryptoPunk #3501, Chastain’s Twitter avatar.
- OpenSea confirmed suspicions in a blog post, stating that the actions were disappointing and that it's implementing policies against confidential information use.
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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🍋 Abra, Wealth Management: $55M ⮕ The Series C funding round was led by IGNIA and Blockchain Capital with participation from Kingsway Capital, Tiga Investments, Stellar Development Foundations, and others. More: - Abra is a crypto wealth management platform offering a range of products for crypto trading, borrowing, and lending.
- The fresh funding will be used to expand their team and continue developing new products and services.
- Abra’s latest funding round comes just over a year after Abra settled with the SEC and CFTC for allegedly offering unregistered securities.
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▲ TOP GAINERS # | Name | Price | 24h % | 1 | Ren REN | $1.08 | 38.58% ▲ | 2 | Horizen ZEN | $105.06 | 27.09% ▲ | 3 | Fantom FTM | $1.47 | 23.75% ▲ | 4 | SushiSwap SUSHI | $14.95 | 16.87% ▲ | 5 | Curve DAO Token CRV | $3.14 | 14.80% ▲ | ▼ TOP LOSERS # | Name | Price | 24h % | 1 | Elrond EGLD | $258.34 | 9.55%▼ | 2 | Mina MINA | $5.79 | 5.36%▼ | 3 | Polkadot DOT | $36.12 | 3.92%▼ | 4 | Tezos XTZ | $6.99 | 3.74%▼ | 5 | Cosmos ATOM | $33.54 | 2.45%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 5:00 p.m. ET. | |
The Solana (SOL) network resumed transactions after being down for nearly 18 hours. Validators voted to restart the network in an attempt to regenerate resources for incredibly high transaction volumes. More: - The network disruption resulted from bot transactions hitting the Raydium IDO at around 300,000 transactions per second.
- Dapps, block explorers, and support systems are expected to recover full functionality by the end of the day today.
- Although transactions have resumed, validators have reported longer lag times, and it is unclear if the chain is operating at full functionality at this time.
- The price of SOL dropped to a low of $145 during the shutdown but has since recovered to around $163.
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Jack Dorsey’s Square became a member of the Open Invention Network (OIN). The OIN is an organization aimed to protect open-source software from patent aggression. More: - Square’s membership to OIN allows it to cross-license its patents to other members royalty-free.
- The payment company has been active in advocating for protecting open source development. Square previously helped establish the Crypto Open Patent Alliance (COPA).
- Like OIN, COPA members are committed to open source crypto projects but agree to avoid patenting crypto technology unless in defensive scenarios.
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Franklin Templeton filed for a $20M blockchain venture fund. The filing for Franklin Templeton Blockchain Fund I, L.P. stated that the fund has already raised $10M. More: - Franklin Templeton is a massive firm with over $1.5T in assets under management.
- The firm has actively invested in crypto projects, including Amberdata, Curv (acquired by PayPal), and venture fund Galaxy Digital.
- Franklin Templeton reportedly wants to expand its crypto team and hire at least one trader and researcher for its digital assets management division.
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- Coinbase announced the listing of Horizen (ZEN) for around 9 a.m. PT tomorrow.
- The total amount of ETH burned by EIP-1559 surpassed a total of $1B.
- Metis DAO announced an ecosystem grant program for projects and startups to continue developing on the Metis Layer 2 protocol.
- Bitrefill partnered with El Salvadorian app Hugo to offer Hugo App transportation, e-commerce, and food delivery gift cards via bitcoin.
- Coinbase increased its corporate bond offering from $2B after over $7B of bids were placed.
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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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