Daily Market Wrap
Crypto market cap: 0.98 trillion, down 0.24%
BTC price stands at USD 20,010, down 0.82%
ETH price stands at USD 1,573, up 0.29%
Top gainer: TerraClassicUSD (USTC), up 15.91%
Top loser: Helium (HNT), down 7.76%
News of the Day
Why it matters:
The repayment dates for Mt. Gox, which were scheduled to be in late August and involved the payout of over 137,000 Bitcoins (BTC) to affected customers, appears to have been pushed back again
Nobuaki Kobayashi, the Mt. Gox trustee who is in charge of rehabilitation, has earmarked September 15 as the deadline for creditors to make or transfer a claim
After September 15, Mt. Gox creditors will be prohibited from assigning, transferring, or succeeding in their rehabilitation claims
Crypto Daily Spotlight
Brief introduction: The Helium Network is a decentralised wireless peer-to-peer blockchain network designed for Internet of Things (IoT) using the LoRaWAN system and is tied to the cryptocurrency Helium Network Token (HNT). Nodes on the network are generally owned by individuals and placed in their homes or offices. Participating individuals are rewarded in payments of HNT.
Why it matters:
The developers behind Helium have proposed shifting the entire protocol to Solana; citing faster transaction speeds, higher uptimes, and more interoperability with other blockchains as key reasons
The Helium Foundation said in a blog post that users have begun to experience problems stemming from the network’s rapid growth
In the proposal, developers also outlined other benefits of integrating with Solana, given the extent of the platform’s tools and resources, and is expecting to receive a significant amount of support from the Helium community
Daily Sector Tracker
Daily News Roundup
U.S. Federal Prosecutors Asked Binance to Submit Documents Related to Money-Laundering Probe https://bit.ly/3cAdZMv
Indonesia’s Government Plans to Establish a “Crypto Stock” Exchange By The End of 2022 https://bit.ly/3cBddP5
OpenSea Will Only Support Ethereum Proof-of-Stake Post Merge https://bit.ly/3TD3f0f
Kyle Roche Moves to Withdraw Lawsuits After Leaks Scandal https://bit.ly/3RvKqKS
Crypto ATM Operator Bitcoin Depot Eyes Listing on Nasdaq https://bit.ly/3wLDIrS
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