Solana ranks eighth among the top cryptocurrencies on the market, with a new all-time high of $114,4 and a market cap of $31.350 billion. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Solana (SOL) price continues to grow and the cryptocurrency climbs two places in the crypto market. Now Left (LEFT) It is the eighth cryptocurrency SOL is the largest cryptocurrency on the market, with a market capitalization of $32.750 billion. The price of SOL has seen a huge boost in the last week, growing by more than 49% of its value. This cryptocurrency broke its ceiling and reached a new all-time high in the last XNUMX months. U.S. dollar 114,4 per unit this Monday.
Another cryptocurrency that is breaking its previous high is The Sandbox (SAND), which has just surpassed the U.S. dollar 1,20 per unit. SAND’s growth in the past week exceeds 57%. This cryptocurrency occupies the 109th place in the crypto market. If the bullish momentum of these cryptocurrencies continues, the price of SOL and SAND may reach new highs in the coming hours or days.
With Bitcoin (BTC) above $48.200 per unit and Ethereum (ETH) Surpassing $3.290, the crypto market reaches a total capitalization of 2,17 trillions of dollars, a figure very close to its historical highs from May.
NFT and DeFi Markets
📍Bored Ape Yacht Club surpassed $150 million in sales in just two days. Bored Apes' Mutant Apes Yacht Club NFT project has sold over $150 million since its launch. Data from NFT marketplace OpenSea shows that this NFT project reaches a trading volume of 48.143 ether At the time of this writing, around $152 million based on the price of ETH on the markets.
The developers of the Mutant Apes project have released 10.000 Mutant Apes NFTs worth 3 ethers; in addition, Bored Apes NFT owners can create new Mutant Apes by applying one of the serums they received after the release, without losing their Bored Apes NFT.
📍CryptoPunks Reach Record Sales of $1.100 Billion According to data from DappRadar, the CryptoPunks, one of the first projects of NFT to launch on the Ethereum blockchain, has sold more than 1.170 million since its launch. Comprised of 10.000 unique NFT tokens, Cryptopunks is one of the most successful NFT projects currently, with an average price of around 140 ethers per token, or around $450.000 at the time of this writing.
On the other hand, the NFT project with the most success in trading volume so far is Axie Infinity, with a total of 1.720 million since its launch. Axie Infinity has become the most popular blockchain game in the industry, with more than 1 million active users per day.
CBDC and Central Banks
📍The Central Bank of Nigeria continues to move forward with its plans to launch a CBDC. According to the Central Bank of Nigeria, its CBDC It will be linked to the value of the naira, will be legal tender in the country and will operate under strict KYC (Know Your Customer) guidelines to strengthen the fight against money laundering and other financial crimes and illicit activities.
During the first stage of the CBDC, the Central Bank will be the entity in charge of issuing and distributing the digital currency. Then, in a second stage, the entity will authorize other entities to “request currency or issue stablecoins.” The country’s government will be involved in the CBDC project in a third stage, where it will be able to process “digital payments sent and received from citizens and companies.” Also, the bank reported that unbanked citizens will have a daily transaction limit of 120 dollars equivalent in the Nigerian naira and that they will have to verify themselves through a telephone number associated with their national identity to use the currency.
Development and Technology
📍Cardano developer says everything is going well for the Alonzo upgrade on the network. Charles Hoskinson, former Ethereum developer and creator of Cardano, assures that everything is ready for the launch of the Alonzo update on the Cardano network. Alonzo is one of the most anticipated updates on the network, as it will activate smart contract functionality and allow developers to create new decentralized applications and activate new products within the blockchain. During a transmissionHoskinson said the team is on schedule for Alonzo's release, although some issues still need to be resolved.
Alonzo is scheduled to launch on Cardano mainnet in mid-September.
📍Center announces future development and expansion plans for stablecoins. The corporation created by Circle and Coibase, responsible for the issuance of the stablecoin USDC has just announced the creation of a new working group that will drive the development and expansion of stablecoins internationally. Center has said that it will partner with companies and seek foreign partners in the industry to create a global and interoperable network of stablecoins, allowing these digital assets to be connected to and from around the world under Center's standards for coins like USDC.
Cybersecurity
📍Cream Finance suffers a $25 million exploit. The decentralized finance protocol (DeFi) suffered a security exploit via a flash loan on Monday, losing over $25 million of stored funds. The protocol developers reported via Twitter about the exploit on the Ethereum network, halting part of the protocol to prevent further losses. The deposit and loan request functions on Cream Finance's AMP contract will be disabled for security until further notice.
— Cream Finance 🍦 (@CreamdotFinance) August 30, 2021CREAM v1 market on Ethereum has suffered an exploit, resulting in a loss of 418,311,571 in AMP and 1,308.09 in ETH, by way of reentry on the AMP token contract.
We have stopped the exploit by pausing supply and borrowing on AMP. No other markets were affected.
At the moment, Cream Finance claims that only the AMP marketplace was affected by the exploit. The developers will publish a post-mortem report on the exploit in the coming hours. This is the second hack reported by the protocol so far this year.
Continue reading: Canadian financial regulator bans crypto platforms from trading USDT
