Daily Market Wrap
Crypto market cap: 1.12 trillion, up 1.82%
BTC price stands at USD 23,763, up 2.16%
ETH price stands at USD 1,768, up 3.75%
Top gainer: Celsius (CEL), up 30.29%
Top loser: Lido DAO (LDO), down 4.45%
News of the Day
Why it matters:
The issue appears to have begun on August 5, when India’s Directorate of Enforcement (ED) announced that it had frozen INR 646,700,000 (US$8.15 million) in bank deposits belonging to Zanmai Lab Pvt Ltd, the operating company behind WazirX, under the Prevention of Money Laundering Act
WazirX’s co-founder, Nischal Shetty, tweeted on August 6 that “WazirX was acquired by Binance”
Less than two hours later, Changpeng Zhao, founder and CEO of Binance, said in a series of tweets that Binance does not own any equity in WazirX
Crypto Daily Spotlight
Brief introduction: Chainlink (LINK) is a cryptocurrency and technology platform that enables non-blockchain enterprises to securely connect with blockchain platforms. It is also known as a decentralised oracle network or blockchain abstraction layer.
Why it matters:
The Chainlink network expressed in a post that the Chainlink protocol will remain operational during and after the Ethereum Merge
Further elaborating on any potential hard fork, the network said, “Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol”
While EthereumPoW has been making rounds online, Chainlink seems to have steered away from supporting it. The network urged developers and dApp teams to put a hold on smart contract operations if they were skeptical about the migration to the Merge
Daily Sector Tracker
Daily News Roundup
Crypto.com Targets South Korea Expansion Amid Crypto Meltdown https://bit.ly/3p4jaXm
Crypto Scams in Hong Kong Up 105% Compared to H1 2021 https://bit.ly/3oZTETe
Vitalik Buterin Tweets About NFT Privacy — Stealth Addresses For ERC-721 Tokens https://bit.ly/3Q9f10o
Crypto Exchange Bitmex Will Launch Tether-Margined ETHPoW Futures Contract https://bit.ly/3BPiNaI
deBridge Finance Survives An Attempted Phishing Attack From The Infamous Lazarus Hacker Group https://bit.ly/3P0GTCw
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.