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Avalanche Daily Transaction Count Hits ATH on the Day $AVAX Gets Listed on Robinhood

β›“ Avalanche Daily Transaction Count Hits ATH on the Day #AVAX Gets Listed on Robinhood

πŸ”Ή What is interesting about the new record for daily transaction account that was set yesterday is that this number (1.38 million) was higher than the corresponding number for Ethereum (which was 1.17 million per data by Etherscan)

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Ethereum Layer 2 Arbitrum Launches Nova Chain, Links With Reddit

β›“ Arbitrum has launched a second Ethereum Layer 2 chain called Arbitrum Nova.

πŸ”Ή Arbitrum developer Offchain Labs has said that the new chain is optimized for low-cost and high-transaction volume use cases like gaming and social projects.

πŸ”Ή The developer has also partnered with Reddit to onboard its community points system to Ethereum.

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I Used Tornado Cash to Donate to Ukraine: Vitalik Buterin

πŸ”Ή Ethereum creator Vitalik Buterin has publicly acknowledged using Tornado Cash's privacy protocol to donate to Ukraine's war efforts.

πŸ”Ή Buterin's admission comes a day after the U.S. Treasury added Tornado Cash's website and smart contracts to its sanctions list.

πŸ”Ή The move marks the first time the Treasury has sanctioned a piece of code or technology instead of natural or legal persons, raising questions about the action's constitutional legality.

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Circle (USDC) Will Support Ethereum’s PoS Merge Chain Only

πŸ”Ή USDC stablecoin Issuer Circle has plans to solely support the Ethereum Proof-of-Stake chain post-merge.
πŸ”Ή Circle announced the decision on Tuesday amid rising speculations regarding a Proof-of-Work hard fork by major Ethereum miner Chandler Guo.
πŸ”Ή The digital asset firm stated that only a β€œsingle valid version” of #USDC can exist.

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Bitcoin network’s power demand drops by over 20% in 2022 as shift to renewables accelerates

πŸ”‹ After hitting an all-time high in May 2021 and using up to 15.80 GW of power per day, the Bitcoin network global hash rate has dropped to 10.49 GW today.

πŸ”Ή Already on a downward trend, electricity demands have dropped by 21% since the start of the year.

♻️ Already on a downward trend, electricity demands have dropped by 21% since the start of the year.

#BTC

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πŸ” Top 10 NFT Marketplaces By Volume In The Last 30 Days πŸ“Š

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πŸ”Ή ELON MUSK SELLS 7.92 MILLION TESLA SHARES WORTH $6.88 BILLION

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βš– New lawsuit alleges 9 Coinbase executives misled investors about a public listing.

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DeFi Protocol Curve.Finance Gets Hacked and $570K Is Stolen

πŸ”Ή Hackers plundered approximately $570,000 from decentralized finance (DeFi) protocol Curve.Finance, according to a screenshot of the protocol’s wallet shared on Twitter late Tuesday.

πŸ”Ή In response to the hack, the protocol advised users in a Telegram message to refrain from using curve.fi or curve.exchange until the protocol’s operators locate the source of the exploit.

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Bitcoin Miners Sold 5,700 BTC During July, New Report Finds

⛏ So far, the report claims that Bitcoin miners have produced 3,470 BTC versus 5,767 BTC sold. This behavior has contributed to BTC’s price 2022 downside price action and will continue to exercise pressure in the crypto market.

πŸ”Έ The report claims that Core Scientific has been the biggest seller with 1,970 BTC dumped into the market versus 1,200 BTC produced. BitFarms and Argo follow with 1,600 BTC and around 900 #BTC sold, respectively.

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Tether Announces Support for Ethereum Proof of Stake Transition

πŸ”Ή Tether – the issuer of the world’s largest stablecoin, #USDT – has confirmed its support for the upcoming Ethereum Merge. This puts both USDT and USDC on the same page, quelling doubts about a potentially combative hard fork in September.

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Coinbase posts $1.1B loss in Q2 on 'fast and furious' crypto downturn

πŸ”Ή Crypto exchange giant Coinbase has cited a "fast and furious" downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling.

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Fantom community voting on a proposal to reduce staking rewards

πŸ”Ή The Fantom community is currently voting on a governance proposal that seeks to reduce the rewards paid to network validators.

πŸ”Ή This new Fantom proposal argues for a reduction of the 13% staking reward rate so as to be in line with the market average.

πŸ”Ή Data from FTMScan shows that there was a 120,000% increase in earnings for validators between January 2021 and January 2022.

#FTM

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German Crypto Exchange Nuri Files for Insolvency

πŸ‡©πŸ‡ͺ Cryptocurrency exchange Nuri GmbH has filed for insolvency in Berlin, according to a court filing.

πŸ”Ή Nuri said the sell-off in the crypto market coupled with the collapse of Celsius Network ultimately led to the decision.

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Magic Eden Proposes to Build β€œApeCoinDAO,” An NFT Marketplace Catering To ApeCoin Holders

πŸ”Ή Magic Eden submits a proposal to launch the β€œApecoinDAO” NFT marketplace

πŸ”Ή The marketplace intends to provide utility to Apecoin holders by building a custom marketplace to trade and purchase NFTs.

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πŸŽ™ Bloomberg Senior Commodity Strategist: #Bitcoin to $100k is just "a question of time"

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Testnet of BabyDoge Swap to Go Live Next Week

πŸ”Έ The team behind Baby Doge, a BNB Chain-based Dogecoin copycat, recently announced that the launch of its swap protocol would take place in a week. In late July, the Baby Doge team said that it was looking for BSC projects to collaborate with.

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πŸ“Š Total Cryptocurrency Market Cap:

Today: $1.08 trillion
1 year ago: $1.85 trillion
2 years ago: $356 billion
3 years ago: $305 billion
4 years ago: $225 billion
5 years ago: $125 billion

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πŸ‡ΊπŸ‡Έ US Inflation has fallen to 8.5%, dropping for the first time since April 2022.

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Bitcoin Rallies as U.S. Inflation Cools to 8.5%

πŸ‡ΊπŸ‡Έ The U.S. Consumer Price Index data for July has come at 8.5%, 20 basis points lower than economists' expectations.

πŸ”Ή The cooling suggests inflation may have peaked in June, meaning the Federal Reserve could turn dovish sooner than previously expected.
Bitcoin and Ethereum both surged as the numbers dropped.
#BTC

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