BlackRock advances ETH ETF in Brazil

Hot projects + Market overview

I. Mainstream exchange news 

• Robinhood Wallet has added support for the Solana network.
• Centrifuge has partnered with Morpho and Coinbase to launch an institutional RWA lending market.
• Binance will support the Flow (FLOW) network upgrade and hard fork.
• Binance has integrated Yield Guild Games (YGG) on the Ronin network, enabling the token's deposits and withdrawals.

II. Mainstream projects and trending events

• On-chain analyst Yu Jin noted that Bybit and FTX exchanged tokens in November 2021, and with two months left in the lock-up period, a potential sell-off looms. The value difference between the tokens now exceeds $53 million.
• The TON network experienced a shutdown, with no blocks produced for nearly three hours on August 28.
• Nasdaq and CF Benchmarks are working together to seek approval from the US SEC to launch a Bitcoin Index Options product.
• Vitalik Buterin has revealed that 90% of his net assets are in ETH. He also highlighted that the EIP-4844 proposal, supported by the Ethereum Foundation, has already saved users over $100 million in transaction fees.
• UK-based crypto bank Xapo will partner with Hilbert Capital to manage a $200 million Bitcoin hedge fund.
• Several French government websites have gone offline due to DDoS attacks, potentially linked to the arrest of Telegram founder Pavel Durov.
• MakerDAO has rebranded to “Sky” and will launch the new USDS stablecoin and SKY governance token on September 18.
• US presidential candidate Donald Trump has released his fourth batch of NFT trading cards.
• Sony has launched the Soneium Minato testnet and a Web3 developer incubator.
• BlackRock will list its Ethereum ETF on Brazil's B3 exchange on August 28.
• Bitwise Bitcoin ETF (BITB) will acquire all assets of the Osprey Bitcoin Trust (OBTC) from Osprey Funds.
• Sharpe AI’s Season 1 airdrop eligibility check has started, with 13% of tokens allocated.
• Orderly Network has launched trading rewards, market-making rewards, and VALOR token incentives.

III. Funding news

• Solana restaking protocol Solayer raises $12 million in a seed round led by Polychain Capital.
• Gameplay Galaxy, a gaming company, has raised $11.17 million in a seed round, led by Blockchain Capital and Merit Circle.
• Los Angeles-based Space and Time Labs, which focuses on developing a verifiable compute layer integrating AI with blockchain technology, has completed a $20 million Series A round led by Framework Ventures.
• Echelon, a decentralized lending protocol, has raised $3.5 million in seed funding led by Amber Group.
• Nectar AI, a Web3 AI immersive companion developer, has raised $3.9 million, led by Mechanism Capital and Karatage.

IV. Regulatory news

• A court in Wuhan, China held an investor responsible for losses in a virtual currency dispute after the trading platform was frozen.
• Simon Watts, New Zealand's Revenue Minister, wants to introduce new regulations in the country based on international standards for reporting crypto-assets. This includes adopting guidelines from the Organisation for Economic Co-operation and Development (OECD) and updates to existing financial reporting rules.

V. Popular projects

Market overview

BTC has dropped significantly, falling below the 4-hour moving average of $59,783 and failing to hold the daily support level at $60,375. This indicates that the recent uptrend, which started at $49,000, might be over.

The market might go through a period of fluctuation as it seeks a new stable level before any potential recovery.

The key support level is $55,000. As long as BTC holds above this level, the current correction could remain limited in scope.

NEIRO is up 90% in a day

The price of NEIRO, a memecoin associated with the new dog of the Doge dog's owner, has surged 90% in the last 24 hours after receiving a reply from Vitalik Buterin.

NEIRO, which claims to be the first of its kind deployed on the Ethereum chain, has gained considerable attention, reaching a market cap of $26.31 million.

KOKO is up 19% in a day

The price of KOKO, a Solana-based memecoin featuring a koala, has risen by 19% in the last 24 hours.

The token includes an AI-powered meme generator that allows users to quickly create custom avatars by tweeting @koalaaibot with a specific request. 

KOKO has reached a market cap of $19 million and a 24-hour trading volume of over $1 million.

MUMU is up 7% in a day 

The price of MUMU, a memecoin featuring a bull, has surged 7% in the last 24 hours.

Mumu is a bullish meme, representing the opposite of Bobo Bear (a bearish meme).

The MUMU token has reached a market cap of $128 million with on-chain liquidity of $2.84 million.

GEMS is up 7% in a day

The price of GEMS, the native token of the community-driven IDO platform Gems VIP, has surged 7% in the last 24 hours.

Launched in July, GEMS allows users to earn rewards through staking, with withdrawals available after 90 days.

The GEMS token has a market cap of $100 million and offers an APY of 32.53% for staking.

On-chain daily

1.BNBcat: BNBcat is a memecoin on the BNB chain issued by Binance’s memecoin launch platform, four.meme, which surged by 12,000% within three hours of its release. It also gained attention on Twitter from top meme influencers, such as 0xsun and Jinmu.

Current Price: $0.0071

Historical High:$0.0097

6-Hour Change: +19.76%

Current Market Value: $7.1M

Official Twitter:https://x.com/BNBcat_meme 

2.APES: APES is a memecoin on the Solana chain which is a platform for gaming and staking tokens.

Current Price: $0.014

Historical High:$0.016

24-Hour Change: +44.17%

Current Market Value: $14.5M

Official Twitter:https://x.com/Apesol_gang 

3.DEEBO: DEEBO is a memecoin on the Solana chain featuring a brown bear with long arms and legs.

Current Price: $0.0010

Historical High:$0.0015

24-Hour Change: +247 %

Current Market Value: $1M

Official Twitter:https://x.com/CtoDeebo 

4.Fluffi: Fluffi is a memecoin on the Solana chain featuring a fluffy, cute creature, which was created by Grok AI at the request of Sir Doge.

Current Price: $0.0027

Historical High:$0.0147

24-Hour Change: +47.14%

Current Market Value: $2.7M

Official Twitter:https://x.com/fluffisol 

5.Neiro: Neiro is a memecoin on the Ethereum chain featuring the new dog of the Doge dog’s owner, which carries on the spirit of memecoins and internet culture.

Current Price: $0.00006

Historical High:$0.00014

24-Hour Change: +71.70%

Current Market Value: $24.2M

Official Twitter: https://x.com/neiro_ethereum 

6.Yuna: Yuna is a memecoin on the Ethereum chain, featuring a dark brown Shiba Inu as Neiro’s ally.

Current Price: $0.0052

Historical High:$0.0078

6-Hour Change: +85.68%

Current Market Value: $3.6M

Official Twitter: https://x.com/yunatoken 

Daily runes observation

Gas Fee Change:

The current BTC transaction fee remains low at 4 satoshis/byte. Despite the cryptocurrency's price, transaction fees have remained persistently low for two months.

Today's Popular Projects:

1. PUPS•WORLD•PEACE

   - Fully minted

   - Market Value: $52.8M

   - 24-Hour Trading Volume: $31,322

   - 24-Hour Change: +7.2%

   - Holding Addresses:7,381

2.LOBO•THE•WOLF•PUP

   - Fully minted

   - Market Value: $18.7M

   - 24-Hour Trading Volume: $8,679

   - 24-Hour Change: +5%

   - Holding Addresses:56,788

3.PUPS•WORLD•PEACE

   - Fully minted

   - Market Value: $7.1M

   - 24-Hour Trading Volume: $32,095

   - 24-Hour Change: +3.6%

   - Holding Addresses:2,144 

Top Rune Projects Tracking:

- DOG•GO•TO•THE•MOON: Rune #3, airdrop Runes of Runestone

  - Current Price: 4.88 Sats

  - 24-Hour Change: -6.6%

  - Current Market Value: 4,882 BTC

- BAMK•OF•NAKAMOTO•DOLLAR: Synthetic dollar protocol on Bitcoin L1

  - Current Price: 5.83 Sats

  - 24-Hour Change: -5.6%

  - Current Market Value: 1,222 BTC

- RSIC•GENESIS•RUNE: Rune #8, from RSIC inscription mining project

  - Current Price: 3.8 Sats

  - 24-Hour Change: -0%

  - Current Market Value:798 BTC

Performances of today's top three tracks

SocialFi: An overall daily decrease of 1.5%

1.GFT: Gifto, launched in 2017 on Binance Launchpad, allows anyone to create and share crypto gifts. Its business includes wallets, blockchain games, and consumer applications.

 - Daily Increase: +1%

 - Current Price: $0.0194

 - Current Market Value: $19M

 - 24-Hour Trading Volume: $46M

2.XTM:  Torum is a SocialFi Metaverse ecosystem.

- Daily decrease: -0.15%

 - Current Price: $0.03

 - Current Market Value: $5.8M

- 24-Hour Trading Volume: $216K

3.Ton:Ton was a Layer1 based on Telegram, which was first proposed in 2018. It failed during its ICO in 2019 due to regulatory issues with the U.S. SEC, halted further development in 2020, and was restarted in 2021. TON aims to provide fast, secure, decentralized payment and digital identity services for over 500 million users. Mini Apps on TON are considered a potential breakthrough for massive adoption, with notable applications including Notcoin and Catizen. It stopped producing new blocks for a certain reason.

- Daily decrease:-0.2%

 - Current Price: $5.2

 - Current Market Value: $13.2B

- 24-Hour Trading Volume: $928M

CeFi: An overall daily decrease of 3.4%

1.CEL: Celsius is a cryptocurrency income and lending platform that offers its customers up to 18% interest on cryptocurrency deposits

 - Daily Increase: +0%

 - Current Price: $0.274

 - Current Market Value: $9.8M

 - 24-Hour Trading Volume: $6.6K

2.VGX: Voyager is a cryptocurrency brokerage that provides trading solutions for both retail and institutional investors. It has ceased operations.

- Daily Increase: +7.7%

 - Current Price: $0.26

 - Current Market Value: $8.7M

 - 24-Hour Trading Volume: $237K

3.KCS: KCS is the platform token of the Kucoin exchange.

- Daily decrease: -0.1%

 - Current Price: $7.9

 - Current Market Value: $758M

 - 24-Hour Trading Volume: $157K

Payment: An overall daily decrease of 4.4%

1.ZBC: Zebec Protocol, a protocol for multisig asset management including payments, salary and investments, and streaming payments on Solana, which allows employers to pay employees every second.

 - Daily Increase: +4%

 - Current Price: $0.0091

 - Current Market Value: $38M

 - 24-Hour Trading Volume: $2.35K

2.SVL: Slash Fintech is an innovative company dedicated to transforming the cryptocurrency payment landscape. Operating on the Mantle network, its product, Slash Card, is Japan's first compliant cryptocurrency credit card. Slash Payment leverages smart contracts to obtain the best rates through decentralized liquidity pools during transactions, reducing merchant volatility risks and streamlining the payment process.

 - Daily Increase: +1.8%

 - Current Price: $0.00766

 - Current Market Value: $4M

 - 24-Hour Trading Volume: $741K

3.PCI: PayProtocol is a simple and convenient cryptocurrency payment platform for both e-commerce and retail use.

 - Daily Increase: +0%

 - Current Price: $0.11

 - Current Market Value: $113M

 - 24-Hour Trading Volume: $1.19M

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

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Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.