‘Lost and HODLed’ Bitcoin (BTC) hits 34% of supply, what does this mean?The global crypto market cap is $2.09 trillion with a 24-hour volume of $122.54 billion. The price of Bitcoin is $45,730.37 and the BTC dominance is at 41.1%.
by Samuel Wan Data from the on-chain market analysts Glassnode shows the number of hodled or lost Bitcoin tokens has hit a seven-month high of 7,167,889.595 BTC. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬SafeMoon CTO resigns, fueling rumors of disquiet within the companyDivisive token SafeMoon receives a further blow after its CTO, Hank Wyatt, announced he’s leaving the project. Algorand Foundation Launches $300 Million Fund to Support DeFi InnovationAlgorand Foundation, an organization dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open-source software, today announced the Viridis DeFi Program, a 150 million Algo (worth approximately $300 million USD today) fund to support DeFi innovation on the Algorand network. NFT sales are sizzling: Record $5 billion in sales as Bored Apes, Loot, CryptoPunks make splashMutant Ape Yacht Club, Loot (for Adventurers) and Bloot (not for Weaks) made a splash during the last two weekends, while contributing to tremendous spikes in gas prices, according to the latest DappRadar report that kept tabs on the new decentralized applications (dapps). Terra (LUNA) kickstarts $150 million ‘Project Dawn’ to bolster cross-chain ecosystemTerraform Labs (TFL), a team behind the algorithmically-governed stablecoin platform Terra, recently announced the launching of the blockchain’s new funding initiative dubbed Project Dawn. SEC charges former 4chan favorite Rivetz over $18 million ICORivetz has been charged by the US Securities and Exchange Comission (SEC) over its $18 million initial coin offering (ICO) in 2017, a recently released litigation show. Sanctor Turbo’s Demo Day is a crypto event you will not want to missThe first ‘Demo Day’ by Sanctor Turbo goes live on September 14, coming to life after six weeks of crypto developers and mentors working together to create better ecosystems, tokenomics, and go-to-market strategies for their own crypto projects. Protests in El Salvador intensify following the passing of the Bitcoin LawEl Salvador made history on Tuesday as the Bitcoin Law came into effect, sanctioning the leading cryptocurrency as legal tender in the Central American country. Reddit playground Robinhood to launch crypto recurring investment optionPer a Wednesday announcement, Robinhood, a crypto trading app, has introduced a fee-free crypto recurring investment feature, which would allow customers to buy digital coins without the platform charging commission. Developments on LUNA are converging to bring “Terra Autumn” to fruitionOn balance, 2021 has been an exceptional year for Terra so far. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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