Your weekly dose of Crypto, Sept 5 – Sept 11
The total market cap is down by over 8% in the last 7 days and stood at $2.21 trillion. This flash crash erased most of the gains seen over the last week.
BTC and ETH are down by over 7% and 11% in the last seven days. This flash crash coincided with tumbling S&P 500.
ADA smart contracts will go live in about 9 hours from now link. SOL has flipped XRP to reach 6th position by market capitalisation and is up by over 28% in last 7 days.
ALGO has risen above $2 for the first time in over 2 years and is up by over 75% in last 7 days. Recently, Koibanx announced that it had signed an agreement with El Salvador to use Algorand’s blockchain network for developing infrastructure and services of El Salvador link.
LUNA is up by over 30% in the last 7 days. Terra’s Columbus-5 mainnet goes live on Sept 30, which integrates with Cosmos’s Inter Blockchain Communication protocol to enable Terra to interact with other blockchains link.
Polygon has integrated with Mina Protocol, “world’s smallest blockchain”. Developers can now build applications on Polygon using Mina’s recursive zero knowledge-SNARK(privacy-preserving technology) enabled applications link.
SEC has threatened to sue Coinbase if it moves forward with its savings product called Lend which would earn 4% on stable coins link.
Epic Games vs. Apple: A U.S. District Judge has ruled that Apple can no longer block the use of external payment options on iPhones and iPads. This may result in easier use of crypto wallets to make payments on iOS devices link.
Legendary Pictures will release ‘Dune’ NFTs on Sept 22nd on MakersPlace platform. The Dune: Future Artifacts collection includes digital sculptures and paintings based on the film’s characters link.
PS: I’m mulling an idea of starting a newsletter, please let me know if you’re interested! And I will add the links to the sources in a few minutes.
Edit: added links