The global crypto market cap is $2.15T 4.47%▲ with a 24-hour market volume of $116.57B 30.87%▲. Bitcoin's dominance is currently 43.35% 0.92%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $49,612.87 | 2.57% ▲ | | 2 | Ethereum ETH | $3,341.39 | 6.04% ▲ | | 3 | Cardano ADA | $2.93 | 14.37%▲ | | 4 | Binance Coin BNB | $506.32 | 15.14%▲ | | 5 | XRP XRP | $1.25 | 4.74% ▲ | *Prices as of 5:00 p.m. ET.
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 Visa bought CryptoPunk 7610 for 49.5ETH ($150,000). In a Tweet, the payments giant said after building “a collection of historic commerce artifacts” over the past 60 years, the CryptoPunk 7610 acquisition marked its entrance into the new era of NFT-commerce. CryptoPunks are considered the original NFT collection. More: - CryptoPunks were launched in 2017 by Larva Labs. They are a collection of 10,000 pixelated images of “Punks,” each with a unique set of features.
- Visa published a white paper on NFTs to help businesses integrate NFTs into their platforms.
- Visa said NFTs would have a significant impact on the future of retail, social media, entertainment, and commerce.
- Visa said it expected a “huge range of new use cases in the years ahead” and that it was working on “new concepts and partnerships.”
Analyst Take (from Inside's Anthony Avedissian): - The press wave will boost Punk prices short-term, but is this a good look for Punks overall?
- Watching a legacy financial institution stroll into the Punks community so easily feels pretty dilutive to me!
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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
- Which types of messages to send to establish your channel and drive engagement before the holiday season
- Strategies and resources to help you send great messages—including an interactive guide, SMS strategy checklist, and holiday marketing calendar
Register Here
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 🍋Fresh Funding🍋 OpenSwap, DeFi: $1.5M ⮕ The funding round was led by NGC Ventures and Coin98 Ventures, with participation from BR Capital, Legos Capital, Double Peak Group, Prime Block Capital, and others. More: - OpenSwap is an interchain DeFi platform and liquidity solution founded in 2020.
- The startup will use its fresh funding to improve its liquidity solutions protocol (“liquidity queues”).
- OpenSwap recently partnered with multi-chain incubator and launchpad Impossible Finance.
Vera Network, NFT: $3M ⮕ The seed funding round was led by Animoca Brands and participated in by OKEx Block Dream fund, Genesis Block Ventures, Shima Capital, SL2 Capital, and others. More: - Vera is an NFT-based DeFi platform for leasing, lending, and financing NFTs.
- The startup plans to use the fresh funding to secure and audit its smart contracts and expand into metaverse and NFT gaming ecosystems.
- Vera was initially developed within the Substrate ecosystem (DOT, KSM) but has since expanded into Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Binance Smart Chain (BNB).
XREX, SaaS: $17M ⮕ The pre-A funding round was led by CDIB Capital Group and participated in by ThreeD Capital, E.Sun Venture Capital, Metaplanet Holdings, AppWorks, and others. More: - XREX is a blockchain-based SaaS company that offers software solutions for facilitating crypto transfers and trading.
- The startup plans to use the fresh funding to acquire additional licenses to expand operations.
- XREX previously closed a $7M seed funding round led by AppWorks in 2019.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Enjin Coin ENJ | $2.11 | 19.25% ▲ | | 2 | Telcoin TEL | $0.02763 | 17.76% ▲ | | 3 | KuCoin Token KCS | $13.87 | 16.10% ▲ | | 4 | SwissBorg CHSB | $1.09 | 16.10% ▲ | | 5 | Binance Coin BNB | $506.32 | 15.14% ▲ | ▼ TOP LOSERS / ▲ LEAST GAINERS | # | Name | Price | 24h % | | 1 | Celsius CEL | $5.98 | 1.94%▼ | | 2 | Revain REV | $0.01081 | 1.05%▼ | | 3 | Quant QNT | $181.42 | 0.35%▼ | | 4 | Decred DCR | $175.63 | 0.18%▲ | | 5 | Algorand ALGO | $1.13 | 0.94%▲ | *Limited to cryptocurrencies in the Top 100. Prices as of 5:00 p.m. ET.
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 Bitcoin (BTC) broke $50,000 for the first time since late March. The price change has investors anticipating a new ATH for the crypto. More: - BTC is currently trading around 2% above its 100-day moving average of $48,000.
- Despite the break to higher highs, BTC exchange reserves have continued to decline steadily.
- The broader crypto market has also seen a spike in value, with Cardano (ADA) reaching an ATH of $2.80 and sharp increases in trading volume for ETH, XRP, and DOGE.
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 A message from SUSE LLC An edge computing infrastructure that is always connected, always evolving and always up to date. 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 guide
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 El Salvador’s President, Nayib Bukele, announced the rollout of over 250 physical locations for purchasing BTC. The ATMs and kiosks are currently being developed and excepted to launch on Sept. 7. More: - The addition of kiosks and ATMs will expand BTC access for Salvadorans beyond its mobile wallet, Chivo App.
- Chivo App, which is also expected to launch on Sept. 7, will offer citizens commission-free remittances and BTC sales.
- Bukele unveiled new legislation declaring BTC as legal tender during the Bitcoin Conference back in June.
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 Iran’s Ministry of Industries, Mining and Trade (ISNA) announced an end to its BTC mining ban. The ban on BTC mining is expected to be lifted as early as next month. More: - A representative of the ISNA stated that an expected decline in power consumption would create better conditions for legal crypto mining.
- Iran temporarily banned crypto mining in May to protect its national power grid from blackouts.
- Unlicensed miners in Iran reportedly used 2,000-3,000 megawatts of power each day, almost half the daily power consumption of the Iranian capital of Tehran, a city of more than 8 million people.
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QUICK HITS * Sponsored Content
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Upcoming Events Want to see all of our upcoming events? Visit us at https://inside.com/events - August 24 – Growth Marketing Jam Session with Jenny Bryan and Craig Zingerline (Register Here)
- August 26 – DAOs: Disrupting with Code (Register Here)
- August 31 – [Webinar] How to Grow SMS Subscribers Before Black Friday & Cyber Monday (Register Here)*
- September 2 – A SPACES Conversation with Anand Iyer (Set A Reminder)
- September 15 – Psychedelic Medicine: Fad or Phenom? (Register Here)
- September 21 – AMA with Katie Stanton of Moxxie Ventures (Register Here)
- September 29 – Livestream Shopping: The rise of the next billion-dollar industry (Register Here)
- October 6 – Design for Startups (Register Here)
- October 26-27 – Meet our Fund Fall ’21 Cohort (Register Here)
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. | |
August 31 - [Webinar] How to Grow SMS Subscribers Before Black Friday & Cyber Monday (Register Here) | |
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