Crypto Pulse Issue # 13 - Miners capitulate : but will BTC still lose $21k. Tuesday, August 23, 2022 | Powered by GenShards.
23 Aug 2022, 14:36
📈 Crypto Pulse Issue # 13 - Miners capitulate : but will BTC still lose $21k?
Tuesday, August 23, 2022 | Powered by GenShards
👉 Read the issue || 🐧 Read the tweet thread ||👇You can also find a summary below
⛰Macro Landscape
📌 Will BTC lose the $21K level in spite of miner capitulation? Also, a key Federal Reserve event in Jackson Hole is coming up this week - which could affect crypto and risk assets in general (source)
📌 The largest online brokerage firm in Japan, SBI Holdings, is planning to shut down crypto mining operations in Russia, adding to the instability already present in the country due to U.S. sanctions (source)
📌 Supporters of Tornado Cash developer Alexey Pertsev gathered in Amsterdam to protest over the weekend, almost two weeks after he was arrested in the Dutch capital (source)
📈 Markets and Ecosystem
📌 After losing ~14% on the week, the crypto market cap is back to $ 1 trillion (source)
📌 As a direct impact of the tumbling Bitcoin (BTC) prices, miner revenue has dropped to a 1-year low (source)
📌 Staking in Ethereum 2.0 is increasing dramatically, as the merge moves closer (source)
🀄️ NFTs and Metaverse
📌 Global investment management firm Invesco is set to launch the Invesco Metaverse Fund, in a move that will see it invest in a range of companies globally from across the ecosystem (source)
📌 Dozens of Bored Ape Yacht Club NFTs purchased with borrowed money sit dangerously close to being forcibly sold. There's worry that this could lead to even more liquidations (source)
📌 After being at the receiving end of internet ridicule, Mark Zuckerberg has changed his metaverse avatar (source)
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