Top 10 Daily Gainers
In the last 24h, $ALPACA witnessed a growth of 24.03% to a price of 7,860 VNDC after a few days fluctuating around 6,200 – 6,800 VNDC.
With these achievements, $ALPACA is now leading the Top Gainers on the ONUS app. Following behind are $FRA (up 22.65%), $FSN (up 20.99%), $RIF (up 18.69%),…
Whale accumulated 25 million DOGE
According to Whale Alert, in the last 24 hours, 25,000,000 DOGE was transferred from multiple wallets to an unknown wallet. This amount of DOGE is worth $1,713,350.
Sygnum Bank expands bank-grade staking with Cardano (ADA)
On August 2, Swiss digital bank, Sygnum Bank, announced that it has expanded its bank-grade staking offering with Cardano (ADA), the eighth-largest protocol by market capitalisation.
Clients can conveniently and securely stake Cardano through Sygnum’s institutional-grade banking platform to generate staking rewards.
Tether supply starts to increase after three-month decline
The world’s largest stablecoin, Tether (USDT), has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering.
The first mint in almost three months occurred on Friday, and there have been three more, with the latest on Tuesday, according to CoinMarketCap. The USDT injections have been small, however, lifting Tether’s market cap by just 0.7% or just under $500 million.
Nomad bridge hacked, nearly all funds drained
Nomad, a bridge that allows transfer between Avalanche (AVAX), Ethereum (ETH), Evmos (EVMOS), Milkomeda C1, and Moonbeam (GLMR), is the latest crypto project to be the victim of a hack.
The hackers made away with nearly all of the funds in the wallet. According to DeFi Llama, the total amount taken stood at $190.7 million.
More ETH traders are in profit despite pullback
According to data provided by IntoTheBlock, despite being 67.71% down from its respective all-time highs, 52% of all funds invested in ETH remain profitable.
Additionally, 4% of all holders are currently breaking even as 44% are facing losses.
Ethereum will outpace Visa with zkEVM Rollups
According to Sandeep Nailwal, Polygon’s other co-founder, zkEVM Rollups, a new scaling solution for Ethereum, will slice Ethereum fees by 90% and increase transaction throughput to 40–50 transactions per second.
If further upgraded, ZkEVM Rollups could one day handle thousands of transactions per second, thus outpacing mainstream payment systems like Visa.
FRA rises 151.77% after 24h
FRA, the native token of the Findora platform, has had a rapid growth rate of 151.77% within 24 hours, leading the Top Gainers on the ONUS application. The 24-hour trading volume of FRA has now reached $872.92 thousand.
Whale accumulated 3,400 BTC
According to Whale Alert, in the last 24 hours, 3,400 BTC was transferred from Coinbase to an unknown wallet. This amount of BTC is worth $81,627,009.
GameFi and Metaverse least affected by Terra debacle
In a report from DappRadar, the collapse of Terra in May was similar in scale to the 2008 subprime mortgage crisis — causing DeFi, NFTs and firms such as Three Arrows Capital (3AC), Celsius and Voyager to cop the brunt of Terra’s destruction.
Blockchain games and NFT-related Metaverse projects “managed to sidestep the ensuing bear market” by posting transaction count increases of 9.5% and 27%, respectively in Q2. The number of investments into blockchain games and metaverse projects has remained constant quarter-over-quarter, with $2.5 billion invested in both Q1 and Q2.