Ethereum surpassed $3.000 per unit boosted by London's arrival on the mainnet, while Axie Infinity broke the 1 million active users mark. This and more news in this handy daily summary so you are always informed with those most recent events that happen within the crypto world.
Cryptocurrencies and altcoins
📍The bull market may be back with Bitcoin above $45.000 and Ethereum above $3.200 per unit. The quotes of Bitcoin (BTC) y Ethereum (ETH), both cryptocurrencies, most important in the crypto industry by market capitalization, appear to be resuming the upward trend by surpassing levels not seen since mid-May, indicated crypto analysts Willy Woo and Rekt Capital on their respective Twitter accounts.
For Woo, the price of Bitcoin could reach $53.000 in the coming days, driven by an imbalance in supply and demand for the cryptocurrency in the market, as well as the uncertainty of the inflation report that the US Bureau of Labor Statistics The United States will present next Wednesday, August 11.
In the case of Ethereum, Rekt Capital he pointed that the cryptocurrency could reach $4.400 if it managed to overcome the $2.770 resistance level. Ethereum price is being boosted by the successful activation of London and EIP-1559 on the mainnet. At press time, Bitcoin is trading at a value of $44.900 while Ethereum maintains a value of $3.120 for ether.
📍Altcoins also benefit from the rise in bitcoin and ethereum prices. Dogecoin (DOGE), Polkadot (DOT), Uniswap (UNI) and Internet Computer Project (ICP) are the altcoins with higher performance in the last hours, of up to 26%, as shown by CoinMarketCap data at the close of this edition. The rise in prices of the main cryptocurrencies and token usage of the market is causing the total market capitalization of all cryptocurrencies to approach the 1,8 trillions of dollars.
Bitcoin and Blockchain Adoption
📍Axie Infinity continues to grow in popularity and adoption and breaks records with 1 million active users. On Twitter, the popular blockchain game officially announced that it had surpassed the 1 million daily active users mark on its platform. According to Axie's post, most users are active through Android devices, followed by Windows, Mac, and iOS operating system.
NFT and DeFi Markets
📍On September 17, Christie's will hold Asia's first NFT auction, called "No Time Like Present." According to release from the British auction house, «No Time Like Present» It will be the first token auction NFT organized in Asia by an international auction house, where complete NFT collections will be presented, such as meebits, from Larva Labs, and some of the most famous and rare Cryptopunks, also created by Larva Labs.
The NFT Collection Bored Ape Yacht Club (Bayce), by Yuga Labs, will also be present at Christie's auction in the middle of next month.
📍The average price of CryptoPunks exceeds 40 ethers. Data from the OpenSea NFT marketplace shows that the average price of CryptoPunks increased again this week, exceeding 41 ethers per unit. This amount corresponds to a value of approximately $128.000. The quarterly trading volume of these NFTs also grew, exceeding 134.000 ethers, approximately $418 million.
Development and Technology
📍Since the activation of London on the Ethereum mainnet, the network has burned more than 13.500 ether. According to portal data Ultrasound. money, Ethereum has burned a total of 14.553 ethers since the successful activation of London. This amount of ether corresponds to about 45 million dollars, according to the current price of the cryptocurrency in the markets. It is worth remembering that with the arrival of London, Ethereum miners are no longer receiving commission fees as was the case before, but only receive the tips that network users want to pay to the miners while base fees are burned to reduce supply. of ethers in circulation.
The main dapps y smart contracts Where Ethereum gas fees are being burned are OpenSea, Uniswap V2, and Axie Infinity.
Rules and Regulations
📍Brian Brooks leaves his position as CEO of Binance US. Amid increased scrutiny by global regulators over the exchange of Binance cryptocurrencies, Brian Brooks, former Comptroller of the Currency of the United States, leaves his position as CEO of Binance's subsidiary in the North American nation, Binance US, arousing suspicion and different opinions in the crypto community. Via Twitter, Brooks cited “differences over the strategic direction” of the company's US subsidiary, while the crypto community suspects that things are getting very bad for the exchange. Brian Brooks served as CEO of Binance US for a period of just over 3 months.
In recent weeks, Binance has been in the crosshairs of several global financial regulators, who have warned their citizens about the illegality of the operations and services provided by the company as it is not legally authorized to provide financial services with cryptocurrencies in their jurisdictions. The countries that have warned about Binance are Japan, the United Kingdom, Italy, Canada and the Hong Kong Administrative Region (China). The actions that the financial authorities of these jurisdictions have unleashed regarding Binance are also leading several major banks to suspend commercial activities with this crypto exchange platform, raising concern and suspicion in the crypto community.
Continue reading: Melanion Capital launches first ETF to track Bitcoin under European Union UCITS regulations
