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POKKET: Crypto Market Update (Aug 30)

POKKET: Crypto Market Update (Aug 30)

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,…