Metaverse land prices collapsed
Average virtual land prices have fallen by more than 80%. At the same time, trading volume is down by more than 90% from November 2021 highs.
The information was sourced from WeMeta and compiled from data on the Sandbox, Decentraland, Voxels, NFTs Worlds, Somnium Space, and Superworld platforms.
El Salvador tourism spike is thanks to Bitcoin
El Salvador has been included in the ranking of the World Tourism Organization. The Central American country jumped onto the list, along with 14 other countries.
In April, the Minister of Tourism, Morena Valdez, gave an interview to the Salvadoran television channel, Channel 21. There she explained that tourism in the country has grown by 30% thanks to the implementation of Bitcoin.
Ethereum Name Service edges closer to 2 million domain registrations
The Ethereum Name Service (ENS), a decentralized and extensible naming system based on the Ethereum blockchain, surpassed 1.8 million registrations at the end of July 2022.
In that month alone, 378,000 .eth domains were registered, generating a monthly record of 5,400 Ether (ETH) in revenue.
Institutional investors are pouring capital into Ethereum in anticipation of The Merge
In its latest Digital Asset Fund Flows Weekly report, CoinShares finds Ethereum-based institutional investment vehicles have enjoyed seven consecutive weeks of inflows.
Ethereum saw inflows totaling $16 million and is enjoying a near seven consecutive week run of inflows totaling $159 million.
More BTC traders are in profit despite pullback
According to data provided by IntoTheBlock, despite being 65.37% down from its respective all-time highs, 57% of all funds invested in BTC remain profitable.
Additionally, 4% of all holders are currently breaking even as 39% are facing losses.
BTC crosses the $24,000 mark, the whole market recovers
After a series of gloomy days and sideways around the $23,000 mark, Bitcoin made an incredible jump to $24,200 on August 8. BTC has gained 2.22% in the last 24 hours and is now trading at $23,800.
In the last 24 hours, the price of ETH increased by 3.89%. The market’s leading altcoin has gained 12.58% in the last 7 days.
REN rises 37.06%, leading the Top Gainers on ONUS
REN, the utility token of the Ren ecosystem, has witnessed a growth of 37.06% in the past 24h and is trading at $0.2128366. With this achievement, REN is currently leading the Top Gainers on ONUS.
Whale accumulated nearly 9,000 ETH
According to Whale Alert, in the last 24 hours, 8,914 ETH was transferred from Bitfinex to an unknown wallet. This amount of ETH is worth $15,077,121.
Crypto.com acquires PnLink & OK-BIT
On Monday, Crypto.com announced that it had completed the acquisition of payment service provider ‘PnLink Co., Ltd,’ and virtual asset Service provider ‘OK-BIT Co., Ltd.’
By doing so, the crypto platform has mushroomed its presence in the South Korean market and has parallelly secured registrations under the nation’s Electronic Financial Transaction Act, and as a virtual-asset service provider.
SHIB worth $660 million settled in 2,000 biggest ETH whales’ pockets
According to WhaleStats, in addition to stablecoins and Ethereum itself, SHIB holds the largest portion of whales’ portfolio. The token’s share is 10% of the total and equals $660 million.
By comparison, the entire capitalization of the SHIBA INU project is in the neighborhood of $6.6 billion. Thus, it turns out that by holding 10% of their portfolio in SHIB, the top 2,000 ETH holders hold 10% of the entire capitalization of SHIBA INU.