BTC miners' revenue down by $1OO million

Hot projects + Market overview

I. Mainstream exchange news

• OKX and Bitget will list the Hamster Kombat (HMSTR) token on September 26.
• In response to users’ concerns about the OKX lending mechanism, OKX CEO Star Xu has explained that OKX's flexible collateralized lending is a C2C platform with a borrowing limit capped at 100%, triggering an automatic coin swap if exceeded.

II. Mainstream projects and trending events

• The Ethereum Foundation awarded over $8.47 million in Q2 2024 grants, supporting areas such as community and education, cryptography, developer experience, and protocol development.
• According to Singaporean newspaper Lianhe Zaobao, Mastercard plans to eliminate traditional credit card numbers and adopt tokenization technology to combat online fraud.
• World Liberty Financial (WLFI), a project launched by Eric Trump, is leveraging the mention of WLFI by Donald Trump on X with a major creative competition called the "World Liberty Financial Meme Contest.
• Sony's blockchain Soneium has partnered with Web3 payment infrastructure provider Transak to provide global fiat currency access services.
• Members of the Gnosis Chain community are currently assessing new gas token alternatives. This is in response to MakerDAO's transition to its newly rebranded platform, Sky, which may impact or necessitate changes in gas token usage.
• SafeDAO is discussing a proposal to create its first revenue stream by implementing community-aligned fees for protocols integrated into the Safe Wallet.
• Bitcoin miners' revenue in August hit a yearly low of approximately $850 million, a decrease of nearly $100 million compared to July.
• PoW layer 1 network CKB has introduced the Fiber Network, a next-generation public Lightning Network on Nervos CKB, designed for fast, low-cost, and decentralized multi-currency payments and peer-to-peer transactions for RGB++ assets.
• Sharpe AI has launched the SAI token airdrop claim page.
• Defi protocol Pendle has partnered with intent execution network dappOS to provide yield on intent assets.

III. Funding news

• Robot Ventures has raised $75 million for its latest early-stage crypto venture fund.
• Web3 service provider Verofax has completed $3 million in bridge financing.
• Decentralized AI search network Adot has secured strategic funding from Aptos.
• Web3 game developer Legend of Arcadia has raised $4 million in a seed funding round participated in by Animoca Brands
• DEX aggregator ODOS has completed its Series A funding round with participation from Uniswap Labs and others.

IV. Regulatory news

• Brazil's Supreme Court Justice Alexandre de Moraes warned that X, Elon Musk's social media platform, will be suspended in Brazil by August 29, 2024, if a legal representative is not appointed to manage the company's operations in Brazil.
• El Salvador's President Nayib Bukele has emphasized the country's commitment to promoting Bitcoin as legal tender, expressing confidence in its future widespread adoption.

V. Popular projects 

Market overview

BTC continued its downtrend, with the key support range between $55,000 and $57,000. If BTC stays within this range, the correction from $65,000 could end.

For a potential rebound in the short term, watch out for the 15-minute MA140 at $58,315, the 1-hour MA140 at $59,338, and the 4-hour MA140 at $60,231.

NEIRO is up 21% in a day

The price of NEIRO, a memecoin associated with the new dog of the Doge dog's owner, has surged 21% in the last 24 hours.

NEIRO, linked to a smart contract ending in 53Ee, gained attention after receiving a reply from Vitalik Buterin and claims to be the first of its kind deployed on Ethereum.

The NEIRO token has reached a market cap of $26.24 million.

FWOG is up 27% in a day

The price of FWOG, a frog-themed memecoin created by meme artist @Groowut, has surged 27% in the last 24 hours.

Known for its high-quality art and strong on-chain wealth effects, the token has hit new highs.

The project has actively engaged its community on X with multiple meme images, reaching 12,400 holding addresses and a 24-hour trading volume of $15 million.

CLOUD is up 14% in a day

The price of CLOUD, the native token of the Solana-based liquidity staking protocol Sanctum, has surged 14% in the last 24 hours.

Sanctum is designed to optimize and expand user asset utilization through liquidity staking. The recent launch of BNSOL on Binance, bbSOL on Bybit, and BGSOL on Bitget has significantly boosted Sanctum's adoption.

The CLOUD token has reached a market cap of $54.42 million.

Significant token unlocks this week

This week, IMX, TAIKO, and MODE are set for unlocking, collectively releasing a total value exceeding $70 million. 

Immutable (IMX) will unlock approximately 32.47 million tokens on September 6, representing 2.06% of the current circulating supply, worth about $44.17 million.

Taiko (TAIKO) will unlock approximately 12 million tokens on September 5, representing 19.02% of the current circulating supply, worth about $19.32 million.

Mode (MODE) will unlock approximately 500 million tokens on September 6, representing 38.46% of the current circulating supply, worth about $6.24 million.

On-chain daily

1. COLON: COLON is a memecoin on the Ethereum chain, recognized as the father of the Doge family and a pioneer for all dog memecoins (including OG Shiba, Floki, Bonk, Kishu, Neiro, and the Doge family).

Current Price: $0.0048,

Historical High: $0.0099,

24-Hour Change: 85.06%,

Current Market Value: $4.3M

Official Twitter: https://x.com/colon_ethereum

2. Neiro: Neiro is a memecoin on the Ethereum chain, themed as the new dog owned by Doge dog's owner. This coin is the first of its kind in the Neiro series. Its recent price increase is attributed to the CTO donating 1% of the tokens to the community wallet on September 2, valued at over 80 ETH, symbolizing unity.

Current Price: $0.0004616,

Historical High: $0.000144,

24-Hour Change: 21%,

Current Market Value: $26M

Official Twitter: https://x.com/neiroethcto

3. DRAGONX: DRAGONX is a derivative of TitanX, a memecoin on the Ethereum chain, where users provide TitanX to the protocol and receive DRAGONX as a staking certificate. The profits from staking are used to buy and stake TitanX on the secondary market, while DRAGONX is bought back and burned.

Current Price: $0.0005738,

Historical High: $0.0005738,

24-Hour Change: 53%,

Current Market Value: $39.8M

Official Twitter: https://x.com/G1Erik

4. PUFFY: PUFFY is a memecoin on the Solana chain, featuring a pufferfish with the slogan "Everyone wants to go to the moon, but the real treasure is under the sea."

Current Price: $0.000176,

Historical High: $0.000205,

24-Hour Change: 246%,

Current Market Value: $7.8M

Official Twitter: https://x.com/puffymemetoken

5. DCC: DCC is a memecoin on the Solana chain, characterized by a drunken chicken-centipede.

Current Price: $0.00195,

Historical High: $0.00241,

24-Hour Change: 173%,

Current Market Value: $1.9M

Official Twitter: https://x.com/dccsol

6. CLOUD: CLOUD is a liquidity staking aggregation protocol on the Solana chain, recently attracting market attention as Binance announced the upcoming launch of its own BNSOL in collaboration with CLOUD, followed by launches by Bybit and Bitget, propelling the token's counter-trend surge.

Current Price: $0.302,

Historical High: $0.313,

24-Hour Change: 13.4%,

Current Market Value: $54.5M

Official Twitter: https://x.com/sanctumso

Daily runes observation

Gas Fee Change: The current BTC transaction fee is 3 satoshis/byte. Despite market conditions, the fee remains persistently low, having continued this way for three months.

Today's Popular Projects: 

SUNNY•SATOSHI

Total Supply: 93,000

Reserved: 0%

Currently Minted: 12,764

In Mempool: 700

Minting Progress: 14%

Holding Addresses: 142

NIKOLA•TESLA•GOD

Fully minted

Market Value: $7.18M

24-Hour Trading Volume: $44,700

24-Hour Change: +12%

Holding Addresses: 2,593 

PUPS•WORLD•PEACE

Fully minted

Market Value: $36.7M

24-Hour Trading Volume: $13,751

24-Hour Change: +5%

Holding Addresses: 7,422

Top Rune Projects Tracking:

DOG•GO•TO•THE•MOON: Rune #3, an airdropped Rune from Runestone

Current Price: 4.4 Sats

24-Hour Change: -0.44%

Current Market Value: 4,479 BTC

BAMK•OF•NAKAMOTO•DOLLAR: A synthetic dollar protocol on Bitcoin L1

Current Price: 6.2 Sats

24-Hour Change: -4.6%

Current Market Value: 1,301 BTC

RSIC•GENESIS•RUNE: Rune #8, from the renowned RSIC inscription mining project

Current Price: 4.6 Sats

24-Hour Change: -9.8%

Current Market Value: 964 BTC

Performances of today's top three tracks

AI: An overall daily increase of  1.33%

(1) AGIX: SingularityNET is a decentralized artificial intelligence platform and marketplace. Agents operating on the SingularityNET platform can flexibly outsource work to each other.

Daily Increase: 6.99%

Current Price: $0.6141

Current Market Value: $7.9M

24-Hour Trading Volume: $691.97K

(2) FET: Fetch.ai is a blockchain platform based on artificial intelligence and machine learning, enabling anyone to share or trade data.

Daily Increase: 2.20%

Current Price: $1.16

Current Market Value: $2.92B

24-Hour Trading Volume: $308.92M

(3) OCEAN: Ocean Protocol is a toolkit for the web3 data economy, providing developers with tools to build data markets, and manage data NFTs, and DeFi data tokens. Data owners and consumers can use the Ocean Market app to publish, discover, and consume data securely and privately.

Daily Increase: 6.84%

Current Price: $0.61

Current Market Value: $397.53M

24-Hour Trading Volume: $1.73M

DePIN: An overall daily increase of 2.05%

(1) HNT: HNT is a decentralized wireless hotspot network that provides public, remote wireless coverage for IoT devices supporting LoRaWAN. Hotspots are compensated through the native cryptocurrency HNT of the Helium blockchain.

Daily Increase: 4.18%

Current Price: $7.323

Current Market Value: $1.24B

24-Hour Trading Volume: $23.57M

(2) CUDOS: CUDOS is a specialized blockchain designed to provide high-performance, trustless, and permissionless cloud computing for everyone.

Daily Increase: 1.99%

Current Price: $0.00928

Current Market Value: $67.6M

24-Hour Trading Volume: $460.96K

(3) NODL: A decentralized wireless network intended to provide a global, easy-to-use, decentralized communication network for IoT devices. Through Nodle, network contributors can share their communication resources to enable connectivity.

Daily Increase: 1.55%

Current Price: $0.00276

Current Market Value: $10.38M

24-Hour Trading Volume: $676.09K

Payment: An overall daily increase of 1.86%

(1) PIP: PIP is a Web3 payment company focused on providing a networked payment experience for retail users. It offers various services and products to retail users and merchants to facilitate easy use of cryptocurrency payments across different parts of the internet.

Daily Increase: 19.19%

Current Price: $0.039

Current Market Value: $7.98M

24-Hour Trading Volume: $281.11K

(2) CLV: CLV is a one-stop infrastructure platform for cross-chain and decentralized applications. The CLV wallet is an integrated multi-chain wallet used fo DeFi and gaming purposes.

Daily Increase: 1.51%

Current Price: $0.041

Current Market Value: $41.04M

24-Hour Trading Volume: $6.08M

(3) SVL: Slash Vision Labs is an innovative company striving to change the cryptocurrency payment landscape. It operates on the Mantle Network, focusing on decentralization and community empowerment.

Daily Increase: 1.33%

Current Price: $0.0086

Current Market Value: $4.55M

24-Hour Trading Volume: $1.07M

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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