POKKET: Crypto Market Update (Aug 8)
Bitcoin is +2.0% to $44,000, ETH continues to climb, now at $3100 +6.5%. Movers are ALPHA +19%, ZRX +17%, OXT +16%, DODO +11%, UNI +10%.
$30M in Ethereum has been burned over the past two days post-EIP-1559 implementation. The entire crypto market is being lifted up after the London hard-fork on Friday, despite all the major developments in the US Infrastructure Bill which goes to a vote over the weekend.
Brian Armstrong of Coinbase made a tweet thread explaining the dangers to innovation if the $1T Bill is passed in its current state, with Elon Musk even chiming in to agree. Janet Yellen’s involvement with pushing the ‘broker’ clause through is becoming well known, and critics of her point out the $7.2M in speaking fees she collected just before her appointment as US Treasury.
Blockchain gaming companies are seeing increasing flows of funding, with 24 projects collecting ~$500M in funding in the first half of 2021.
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