A $ 560 billion subsidiary of Mirae Asset Global has applied for a Bitcoin ETF.

The Securities Commission (SEC) has already accumulated decent applications for consideration on bitcoin and ether-ETF, but none of the SEC has yet been approved 👀

Ethereum = Ethiopia 😂

Twitter hashtag #ETH started showing Ethiopia flag 🇪🇹

This is not a banter from Jack Dorsey, just the platform supports the participants of the Olympics. But Ethereum proponents are still a little shocked ...

According to Glassnode, the realized price of bitcoin is $ 19,300. Thus, at the close of last week, the market held an unrealized profit of 83%.

Maybe that's why it is so hard for bears ... 🤔

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​​DeFi Arabic Cash exited the Pre-sale and launched trading on PancakeSwap.

The next goal of the project is to launch its own DEX. According to project analysts, the launch should take place this fall.

In the early days of trading, Arabic Cash launched several offers for holders:

1️⃣ Increased staking in the first month of trading - all liquidity providers receive a 10% reward in August

2️⃣ Recently, the project launched pharming on its official website https://arabic.cash.

The period is up to 60 days.
Farming pool - 300,000 ABIC,
Proportional distribution of remuneration among all farm participants - the larger the volume, the greater the reward.

3️⃣ Lottery: In August, all liquidity providers can participate in the 170,000 ABIC draw

Development plans:
- Filling the liquidity pool (with a capitalization of $ 25-30 million, its own DEX will be launched)
- Launch your own DEX
- Access to major exchanges
- Upon reaching a capitalization of $ 300-400 million, a crypto-bank based on Arabic Cash will be launched, operating on the principles of deFi-loans and deposits.

Telegram channel of the project:
https://t.me/ArabicCash

Official site:
https://arabic.cash/#/abic

There is a new trend in the world of NFT tokens: investors are buying stones. For example, this EtherRock # 58 was purchased for 24 ETH - that is, the equivalent of 69 thousand dollars.

It looks like someone wants to take advantage of the hype around unique tokens.

📆 Key events in August

🔸 August 10 - start of the Human token unlocking after the token sale on Coinlist.
🔸 August 17 - Sale of mystery boxes from the game Faraland on the Binance marketplace.
🔸 August 30 - Kava Swap mainnet launch.

📑 Tether (USDT) has released a new report from auditor Moore - $ 62.7 billion in circulation.

In July, traffic to the FTX exchange grew by 66% due to powerful advertising and the problems of the largest exchange, from where traffic flowed 👥

Bybit also saw inflows thanks to the launch of spot trading. The rest of the exchanges are losing activity.

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💡 Week in perspective:

▪️ Bitcoin started the week with a correction and all of it may turn out to be red against the background of weakened buyers. But when a cool reason arises, the price of BTC may well test $ 50k 🤔

▪️ Investors in the S&P 500 are waiting for a correction. The tension literally hangs in the air and in theory it has long been asking, especially if you look at how the course continues to go straight up, breaking away from reality. But the coronavirus does not yet threaten massive lockdowns, and the economy and inflation in the United States do not give signals for raising rates. In total there is no reason to fall 😉

▪️ Slower growth in China and an increase in the incidence of the delta strain frightened the oil market, but OPEC backed it with promises not to increase production above the already agreed-upon norms. As a result, everything is calm for black gold, but gold simply continues to depend on the dollar. USD has potential for declines this week, but this is most likely a short-term phenomenon 😎

The growth of the Lightning network in BTC in 3 years, clearly.

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