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.

Check out today’s interest rates at POKKET and earn interest on your crypto with our crypto savings account.

Like POKKET’s market commentary?
Follow us on Twitter to get the latest news, or email us your thoughts.