DailyCoin
Published Aug 30, 2021 10:40AM ET
Updated Aug 30, 2021 11:02AM ET
Crypto Flipsider News – August 30th – Solana, Ethereum, Dubai, Honduras, Binance, CryptoPunks, Mutant Apes, Bored Apes
Solana’s Rally Continues: $100 Milestone Surpassed
Solana (SOL) broke the historic level of $100 today. The Ethereum competitor rallied over 10% within 24 hours to test the new ATH of $100.84. The total value locked on Solana reached a new high with $3.04B, as shared by WuBlockchain today.
Solana’s impressive spurt started on August 15th, since which SOL’s value has increased by over 126%.
The project recently came into the sights of institutional investors, witnessing large inflows of institutional money during August.
New York-based Osprey Funds registered the Osprey Solana Trust with the SEC last week, making it the first-ever private Solana investment offering in the States.
Flipsider:
ETH-Based Products Increase by 72.8%
Ethereum (ETH) has arguably become the most sought-after network in the crypto space due to some of the features it has to offer. Ether, and ETH-based products, have gained significant momentum after the London upgrade and the rise of the NFT market. This has led to Ethereum-based products reaching $13.8 billion after a 72.8% monthly growth.
According to CryptoCompare, Ethereum’s total market share stands at 25.2%, which is so far the highest level reached this year.
Flipsider:
Government Updates: Dubai, Honduras, China
Flipsider:
Binance Removes the Norwegian Krone, Listing New Coins and Future Contracts
The World’s biggest crypto exchange has removed Norwegian Krone (NOK) trading pairs, payments, Krone payment options, and also Norwegian language website support. The Financial regulator of the world’s most cashless country warned users of risks related to cryptocurrencies back in June.
Binance has today added Gnosis (GNO), a project which builds new market mechanisms for DeFi.
Binance Futures launches new Automata Network (ATA) Tether (USDT) perpetual contract tomorrow. Automata Network is a decentralised service protocol that helps to maintain privacy for dApps on Ethereum and Polkadot.
Flipsider:
NFT News: CryptoPunks, Mutant Apes, Bored Apes, Stephen Curry, OpenSea, Invisible Rock
The NFT market is still gaining momentum. Impressively enough, the trade volume numbers are only growing. Considering the longevity of this boom, some people become more skeptical of the phenomenon. However, while there’s plenty of NFT news being received every day, let’s check most prominent pieces:
Flipsider:
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Written By: DailyCoin
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