Crypto Markets Dip As Fed Signals More Rate Hikes to Come
Daily Market Wrap
Crypto market cap: 1.09 trillion, down 3.01%
BTC price stands at USD 22,773, down 2.86%
ETH price stands at USD 1,820, down 1.52%
Top gainer: Gnosis (GNO), up 9.61%
Top loser: Oasis Network (ROSE), down 14.01%
News of the Day
Crypto markets dip as the Fed signals more rate hikes to come.
Why it matters:
Crypto markets dipped yesterday after the Federal Reserve released minutes from its July meeting in which the Fed is likely to raise interest rates again
According to the minutes, the Fed will continue to hike interest rates for some time to ensure that inflation was firmly on a path back to 2%
Bitcoin’s price dropped 0.9% in the hour following the Fed’s announcement and was down 2.86% for the day. Ethereum was down by 0.9% and down 1.52% for the day
Crypto Daily Spotlight
Metaverse giant The Sandbox announces Alpha Season 3.
Brief introduction: The Sandbox is a virtual gaming world where players can play, build, own, and monetize their virtual experiences on LAND they own using NFTs and $SAND, the platform’s main utility token. The Sandbox powers its virtual economy that incorporates the UGC, avatar-centric experiences, gaming, and financial systems.
Why it matters:
The Sandbox, a leading gaming metaverse and a subsidiary of Animoca Brands, announced it will launch Alpha Season 3 on August 24th, 2022
The new Season will include 98 experiences over 10 weeks, offering players new content each day, 27 experiences of which are from brand partners such as Snoop Dogg, The Walking Dead, Deadmau5, etc
Season 3 will become Web3’s greatest use case of interoperability, enabling over 140K NFT owners from collections such as Bored Ape Yacht Club, Doggies, World of Women, CoolCats, Clone X, and Aoki to seamlessly take their digital assets from Web3 communities and use them directly as avatars in The Sandbox
Daily Sector Tracker
Daily News Roundup
Ukraine’s Government Bought Weapons With Crypto Donations https://bit.ly/3QzvWJK
Solana (SOL)-based Wallet Provider Phantom Unveils New Feature of ‘Burning Scam NFTs’ https://bit.ly/3QX3rFL
Optimism Token Flash Crashes 10% After False Twitter Rumors Spread https://bit.ly/3wdVkfN
Canadian Pension Fund Caisse Writes Off $150M Bet on Bankrupt Celsius https://bit.ly/3A3CKYY
Celer Protocol Becomes The Target of A DNS Hijacking Attack https://bit.ly/3QKY0K0
About Aspen Digital
Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.
For more information, please visit https://www.aspendigital.co/
Sign Up on Aspen Digital
We have launched the beta version of our platform. If you would like to know more, please sign up here.