POKKET: Crypto Market Update (Aug 30)

crypto news, bitcoin price

Bitcoin is weaker -2% to $48.5k, and ETH -2.6% to $3190. Movers are SAND +30%, DEGO +20%, STMX +16%, TRU +15%, MANA +13%, FET FTM +12%, REN +11%, AST +10%.

$400M in ETH has now been burned since the EIP-1559 upgrade, as increased transaction volumes from NFT motivate more burning of transaction fees.

CryptoPunks hit $1B in total sales, as the 10k collection continues to exchange hands, and follows the $1B mark set by Axie Infinity.

BAYC released a new collection of 20k Mutant Ape NFTs yesterday, with the original 10k BAYC hodlers receiving 10k and another 10k available to the market at $10k each, netting the creators $96M after fees.

The second largest US mortgage lender, United Wholesale Mortgage, is gearing up to start accepting payment in BTC starting 3Q21 and is evaluating on accepting other crypto including ETH.

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