Daily Market Wrap
Crypto market cap: 1.02 trillion, up 5.18%
BTC price stands at USD 22,089, up 5.21%
ETH price stands at USD 1,524, up 11.62%
Top gainer: Ethereum Classic (ETC), up 19.54%
Top loser: Lido DAO (LDO), down 14.56%
News of the Day
Why it matters:
American rapper and entrepreneur Heather Morgan, the defendant in the crypto fraud case of Bitfinex 2016, has successfully received court approval to get a new job as her case proceeds
Heather Morgan and her husband Ilya Lichtenstein were charged in February for stealing billions of dollars worth of Bitcoin in a 2016 Bitfinex hack
While you would expect crypto criminals to keep a low profile, Morgan rapped about the hack in an original song with lyrics implying her role in the hack
Crypto Daily Spotlight
Brief introduction: Otherside, the much-anticipated metaverse gaming platform by Yuga Labs, the creators of Bored Ape Yacht Club, has opened to Otherdeed NFT land owners. On July 16, the Yuga Labs-developed game invited over 4,500 players, dubbed “Voyagers,” for a first-look tech demo and tour of the immersive, ape avatar-navigated online platform.
Why it matters:
The highly anticipated first trip into the Otherside metaverse launched with 4,500 participants last Saturday
Shortly after the first trip went live, Yuga Labs released a lite paper, which includes the principles behind Otherside and how the project will progress
In the early testing phases of the project, which includes several “trips,” Yuga Labs states that only Otherdeed landowners and third-party developers will be able to access the Otherside
Daily Sector Tracker
Daily News Roundup
Coinbase Joins Binance in Securing Regulatory Approval in Italy https://bit.ly/3PwLc9i
Indian Finance Minister Supports Central Bank’s Crypto Ban https://bit.ly/3ISWT87
Dutch Central Bank Fines Binance $3.35 Million https://bit.ly/3Pkn224
Move-to-Earn Game STEPN Generates Over $122 Million in Profits in Q2 https://bit.ly/3yRDu2C
OpenSea Downsizes Its Staff By 20% https://bit.ly/3ATFpGN
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