Texas crypto legislation took effect / Audius integrated Solana-based NFTs / ADA broke $3 and reached a new ATH / El Salvador approved of $150M BTC Trust

Plus: Bitcoin Lighting tipping service on Twitter was confirmed by Twitter product lead.

Inside.com Part of   Network September 02, 2021

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The global crypto market cap is $2.24T 2.61%▲ with a 24-hour market volume of $125.13B 1.70%▼. Bitcoin's dominance is currently 41.73% 0.06%▲. CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $49,616.93 2.78% ▲ 2 Ethereum ETH $3,821.63 2.42% ▲ 3 Cardano ADA $2.98 5.06%▲ 4 Binance Coin BNB $487.86 0.69%▲ 5 XRP XRP $1.27 4.73% ▲ *Prices as of 5:00 p.m. ET.

Texas crypto regulations HB 4474 and HB 1576 are now in effect. The two house bills are aimed to further the adoption of cryptocurrencies and blockchain technology in Texas. More: Both HB 4474 and HB 1576 were passed by the state legislature in May and signed into law by Gov. Greg Abbott in June. HB 4474 (“Virtual Currencies Bill”) amended the Texas Uniform Commercial Code (UCC) to recognize crypto under commercial law.  HB 1676 (“Blockchain Work Group Bill”) established a blockchain working group within the state of Texas. Texas is the fourth state in the U.S. to amend its UCC to recognize digital assets, behind Wyoming, Rhode Island, and Nebraska.

Audius (AUDIO) announced the launch of Solana (SOL) NFT integration through Phantom. Over 6 million users of the Audius music streaming platform will now be able to feature Solana NFTs. More: Phantom is a non-custodial wallet and browser extension for Solana-based assets that raised $9M in a Series A funding round back in July. Solana NFT functionality will be first released to Audius accounts holding over 100 AUDIO tokens. Audius previously made headlines in August when it announced a partnership with TikTok.

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🍋  Cabital, Wealth Management: $4M ⮕ The seed funding round was led by SIG, Dragonfly, and GSR. More: Cabital is a Singapore-based digital assets institution that offers digital asset wealth management services. The fresh funding will be used to acquire new talent and develop its digital wealth management platform. Cabital’s leadership team includes former leaders of traditional financial institutions like JPMorgan, Nomura Securities, and UBS. Simba Chain, Secured Smart Contracts: $25M ⮕ The Series A funding round was led by Valley Capital Partners with participation from Notre Dame Pit Road Fund, Stanford Law School Venture Fund, and Elevate Ventures. More: Simba Chain offers a smart contract platform with enterprise security for companies and organizations looking to implement blockchain technology. The fresh funding will be used to scale the Simba Chain and dedicate resources to NFTs and other emerging blockchain developments. The University of Notre Dame-incubated platform is currently being used by Boeing and U.S. defense organizations (Army, Navy, Marines, and Air Force). Simba currently has over 6,000 users and reported revenue growth of 360% over the last year. Trader Joe, DEX: $5M ⮕ The token sale funding round was led by DeFinance Capital, GBV Capital, and Mechanism Capital, with participation from Three Arrows Capital, Avalanche Foundation, Coin98 ventures, and others. More: Trader Joe (JOE) is the second-largest DeFi protocol on the Avalanche (AVAX) blockchain, with over $460M in locked funds. Anonymous co-founders 0xMurloc and Cryptofish stated that the fresh funding would be used to grow the Trader Joe team. JOE is the sixth-largest Avalanche token by market cap and is currently trading around $2. UXD Protocol, Stablecoin: $3M ⮕ The seed funding round was led by Multicoin Capital and participated in by Alameda Research, CMS Holdings, Defiance Capital, and others. More: UXD Protocol (formerly Soteria) is an algorithmic stablecoin provider on the Solana (SOL) blockchain. The fresh funding will be used to hire additional developers and scale the product team. The project aims to take a piece of Tether and USD Coin’s $100M market cap and provide the first decentralized stablecoin.

▲ TOP GAINERS # Name Price 24h % 1 IOTA MIOTA $1.54 36.56% ▲ 2 Holo HOT $0.0127 15.12% ▲ 3 Revain REV $0.02629 13.79% ▲ 4 Solana SOL $128.88 13.79% ▲ 5 Amp AMP $0.05964 13.11% ▲ ▼  TOP LOSERS # Name Price 24h % 1 Celo CELO $5.69 8.00%▼ 2 Fantom FTM $0.8847 5.84%▼ 3 Perpetual Protocol PREP $19.60 5.83%▼ 4 SushiSwap SUSHI $13.17 5.15%▼ 5 Arweave AR $57.03 4.56%▼ *Limited to cryptocurrencies in the Top 100. Prices as of 5:00 p.m. ET.

Cardano (ADA) broke $3 and reached a new ATH following the launch of smart contracts on the Cardano testnet. ADA has skyrocketed 137% since the announcement of smart contract functionality via the Alonzo hard fork. More: ADA overtook Binance Coin (BNB) as the third-largest crypto with a total market cap of $96.8B. Cardano has been working toward smart contract integration since the project began in 2017. Cardano’s strength moving into the Alonzo upgrade shows a positive sentiment among users that Cardano stands a chance to disrupt Ethereum’s $95B DeFi capitalization.

A message from SUSE In a world where the future of technology starts today, this guide can help you stay a step ahead. According to Gartner, Edge Computing is entering the mainstream as organizations look to extend cloud to on-premises and to take advantage of IoT and transformational digital business applications. And as solutions suddenly need to accommodate growth from 10s to 100s to 1000s and beyond, the challenge quickly becomes one of “Management at Scale”.  But can we really have “Full Lifecycle Management” for the Edge?  This free e-book will show you how. Learn about: Near, Far and Tiny Edge. Understand Edge landscape with an easy to use Edge framework.   Achieving near-zero maintenance.   A cloud-native Edge solution running Kubernetes and Linux at the Edge. Latest industry trends and emerging use cases. Download the e-book today

Bitcoin (BTC) futures volume reached $1.73T in August, up 17% from July. This is the first time the BTC futures market exceeded $1T since its high of $2.56T in May. More: Binance had the largest futures volume at $849.33B, followed by ByBit ($229.01B) and Okex ($172.31B). BTC options volume also increased by 66%, up to $17.79B from July’s $10.72B. Deribit had the largest options volume at $16.35B, followed by FTX ($232.62M) and CME ($403.04M).

El Salvador legislators approved a $150M Bitcoin Trust. The bill to create the trust received 64 votes in support and only 14 in opposition. More: The newly created trust will be used to support El Salvador’s new technological infrastructure and enhance BTC to USD conversions. The new crypto bill also contained provisions for the support of crypto services and infrastructure.  El Salvador has allocated $23.3M to establish crypto ATMs and $30M to incentivize the adoption of the Chivo wallet.

QUICK HITS Need a break from grocery shopping? Inside readers get 14 days of free meals plus free shipping from HelloFresh. Use code "INSIDE14" to claim now!* The launch of a Bitcoin Lighting tipping service on Twitter was confirmed by a product lead at Twitter. South Korean telecom provider KT Corp announced that it would launch a blockchain digital document project to track carbon emissions. Coinbase announced that it would offer ETH2 staking rewards (5%) for customers in the U.K. OKEx launched an NFT minting and marketplace platform for OKExChain and Ethereum blockchains. The Central Bank of Singapore issued an alert stating that Binance illegally offered its services to citizens. Over 60 of the "Fortune 100" companies manage apps via Replicated. See why 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.

Voice is making NFTs easy for everyone. Mint your first NFT for free today at Voice.com.

SUSE is a global leader in enterprise-grade open source solutions including Linux, Kubernetes and Edge.

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