Welcome to the 66th edition of ‘The Digital Asset Digest’. Today, we examine how NFTs will rebound and continue to evolve in 2021, and look at how Bitcoin is becoming an infrastructure issue in the US.
SNIPPETS
Poly Network Hacker May Receive Advisor Position in Project: See the Offer
Source: U.Today
“According to an updated statement by the Poly Network team, it maintains contact with the attacker who recently drained $610 million from its multi-chain infrastructure, on a daily basis.”
The Afghani Currency Plunges as Central Bank Governor Flees
Source: TrustNodes
“Afghanistan’s currency, called the Afghani (AFN) has dropped by some 10% today from 80.5 to 85.87 per dollar as pictured above.”
Major European music festival will allow fans to buy tickets using EGLD
Source: CoinTelegraph
“The Untold Festival, scheduled to be held in Romania next month, has partnered with the Elrond Network to allow concert goers to pay for their tickets in cryptocurrency.“
TikTok Integrates Audius as First Music Streaming Partner
Source: BeInCrypto
“Sharing music to TikTok is now one click away for artists as Audius becomes the first music streaming platform integrated with social media behemoth. “
Second Attempt In 4 Months: Novogratz’s Galaxy Digital Files for a Bitcoin Futures ETF
Source: CryptoPotato
“After filing with the SEC to receive approval for a Bitcoin ETF in April this year, Galaxy Digital has reportedly tried again – this time, under a different section. Novogratz’s company wants to launch a Bitcoin futures-only exchange-traded fund.”
TOP GAINERS
TOP LOSERS
INDUSTRY WIDE SNAPSHOT
MARKET BREAKDOWN
How Bitcoin Became an Infrastructure Issue
Source: GDA Capital
“In just a few years, Bitcoin has gone from a niche asset class to the core issue in one of the most monumental bills being considered by the U.S. government. The Infrastructure Investment and Jobs Act feature roughly $1 trillion in government spending and a few amendments that impact the way the world’s largest economy treats digital assets.
Here’s a closer look. ”
EXPLORING NEW IDEAS
The Stunning Rebound of NFTs
Source: GDA Capital
“The non-fungible token (NFT) seemed like a fad a few months ago. Not anymore. Transaction volumes have quickly rebounded to all-time highs and new platforms have emerged that push the industry in exciting new directions.
Here’s how the NFT sector is rebounding and evolving in 2021.”
TOKEN OF THE WEEK
Ocean Protocol
Source: GDA Capital
“Ocean Protocol is one of the earliest and most popular decentralized marketplaces in the industry. Here’s a closer look at the protocol, the marketplace, and its underlying token.“
GETTING TECHNICAL
BTC/USD
A snapshot of Bitcoin’s spot price as of this writing is $46,490.56 representing 1.39% decrease in the past 24 Hours and 1.36% increase in trading volume. The 30-day volatility of BTC is 54.84%. Bitcoin remains the top cryptocurrency trading with a support at $40,000 and resistance at $47,000.
ETH/USD
ETH is trading at $3,233.26 as of this writing, representing a 24-Hour decrease of 1.31%, and 30-day volatility of 67.53%. Over the last 24 Hours, the trading volume decreased by 3.58%. As of today, ETH holds 19.84 % of the cryptocurrency market, making it the second-largest coin traded.
THIS WEEK’S DEEP READ
Meet The 9 And 14-Year-Old Sibling Duo Making $32,000 A Month With Ethereum
Source: NewsBTC
“According to a report from Dallas News, this sibling duo has been bringing in thousands of dollars mining Ethereum.”
And that’s all for this week! As a final note, we just released a new report on Decentraland in conjunction with Metaverse Properties. You can download it here.
