Crypto Pulse Issue # 10 - Crypto marketcap reaches multi-month high. Friday, August 12, 2022 | Powered by GenShards.
12 Aug 2022, 14:42
📈 Crypto Pulse Issue # 10 - Crypto marketcap reaches multi-month high
Friday, August 12, 2022 | Powered by GenShards
👉 Read the issue || 🐧 Read the tweet thread ||👇You can also find a summary below
⛰Macro Landscape
📌 The crypto market cap has gone to a multi-month high on favorable inflation numbers, BTC and ETH spiked above $24,500 and $1,900, respectively (source)
📌 Hotbit has suspended crypto trading, deposits and withdrawals because law-enforcement authorities have frozen some of the firm's funds during a criminal investigation into a former employee (source)
📌 Coinbase says it's being probed by the SEC over its staking programs, which allow users to earn rewards for holding certain cryptos (source)
📈 Markets and Ecosystem
📌 Social metrics indicate the crypto community isn’t behind the latest market rebound, according to the analytics firm Santiment (source)
📌 5 predictions on how the crypto market may look like in 5 years' time (source)
📌 LongHash Ventures – an Asian investment firm and accelerator that’s geared towards web 3 – has announced a $100 million venture fund for the decentralized web (source)
🀄️ NFTs and Metaverse
📌 Trading volume for CryptoPunks soared by 25% overnight, with punk #8576 being the most expensive sale during the period (source)
📌 Since its top in Dec21, the fractionalized NFT market has lost more than 76% in value (source)
📌 Leading Solana NFT marketplace Magic Eden, which entered into Ethereum just last week, has revealed a proposal to build an official ApeCoin marketplace for Bored Ape Yacht Club NFTs (source)
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