POKKET: Crypto Market Update (Aug 22)

crypto news, bitcoin price

Bitcoin is flat at $48.8k, ETH is the same at $3240. Movers are ALICE +26%, INJ +25%, FTM +19%, DEGO +18%, UMA CHZ +14%, SAND +12%, ENJ +11%, no standouts on the downside.

Neuberger Berman, which has $400B AUM, has internally approved a move into Bitcoin, with one of its smaller funds now earmarked up to 5% of its $164M AUM into BTC.

New DeFi protocol Luna Yield has gone dark with roughly $7M, as the devs have ghosted the community and ‘investors’ fear the worst has happened.

Japan’s Liquid Global exchange, ran by Mike Kayamori and Quoine, was quietly hacked for $97M two days ago, and funds are now showing up in various places with $20M being sent to an ETH mixer Tornado.cash yesterday.

Staking on ETH 2.0 surpassed 7M ETH overnight, with 70k ETH burned since the EIP-1559 upgrade earlier this month.

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