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NFT Marketplace TravelX Collaborates with an Argentine Airline; Miners are Offloading their Ethereum

Daily Market Wrap

  • Crypto market cap: 950.88 Billion, up 4.82%

  • BTC price stands at USD 19,411, up 3.65%

  • ETH price stands at USD 1,343, up 6.18%

  • Top gainer: XRP (XRP), up 34.51%

  • Top loser: Helium (HNT), down 1.26%

News of the Day


NFT Marketplace TravelX Launches With Tickets From Low-Cost Argentinian Airline Flybondi


Why it matters:

  • TravelX is a marketplace for tokenised travel products and has launched 2.5 million Flybondi, an Argentine low-cost airline, tickets for sale, which will be converted into an NFT (NFTicket) when sold

  • Built on the Algorand blockchain, it is a peer-to-peer system where customers can auction, sell, transfer, gift or exchange their tickets

  • Diaz, co-founder of TravelX, said that while the platform only allows for transactions using USDC, they plan to integrate other coins developed by other airlines


Crypto Daily Spotlight


Ethereum miners’ $319M crypto hoard hangs over market after merge


Brief introduction: Ethereum is a smart-contract enabled Layer 1 blockchain. Its execution layer, previously known as ETH 1.0, uses Proof-of-Work (PoW) to validate transactions, which contributes to its scalability issues. Recently, the Merge has been completed and has transitioned Ethereum to its next phase (formerly known as Ethereum 2.0) as the network’s entire blockchain moves to a new system called proof-of-Stake (PoS), which proponents say will make it more efficient, sustainable and scalable.


Why it matters:

  • Ethereum miners had accumulated over $340 million worth of Ethereum through mining up to the Merge, of which $21 million was dumped during the week of the merge

  • Head of Research at IntoTheBlock, Lucas Outumuro, claims the decline in balances is due to “miners moving onto other chains” and that they are “taking profits from their ETH holdings”

  • Ethereum’s price increased as the Merge date approached but has since fallen, potentially due to external macroeconomic indicators, the lack of certainty and miners dumping their tokens

Daily Sector Tracker


Daily News Roundup

  1. Celsius Network Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens https://bit.ly/3S9sdmR

  2. BTC Mining Firm Compute North Files for Bankruptcy https://bit.ly/3dzv09S

  3. Coinbase Refutes Claims It Tested Proprietary Trading https://bit.ly/3UuM4P0

  4. Helium Migrates its Blockchain to Solana Following T-Mobile Partnership https://bit.ly/3BH053q]

  5. CFTC Files Lawsuit against Decentralized Autonomous Organization https://bit.ly/3xNEDZr


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, visit https://www.aspendigital.co/


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