Daily Market Wrap
Crypto market cap: 1.24 trillion, down 2.29%
BTC price stands at USD 30,191, down 3.01%
ETH price stands at USD 1,792, down 1.88%
Top gainer: Helium (HNT), up 7.30%
Top loser: Elrond (EGLD), down 9.53%
News of the Day
Why it matters:
Online payment giant PayPal now allows US customers to transfer crypto assets from their accounts to external wallets and exchanges
“This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform.” Jose Fernandez da Ponte, the Senior Vice President and General Manager of Blockchain, Crypto & Digital Currencies at PayPal, said in a press release
In late 2020, PayPal first offered users the ability to purchase, sell, and hold crypto assets
Crypto daily spotlight
Brief introduction: Osmosis (OSMO) is an automated market-making protocol (AMM) built using CosmosSDK and IBC technologies, where users can create, construct, design, and deploy individual and highly-customized AMMs with various modules and the on-chain governance system.
Why it matters:
The Osmosis network was halted by core developers and validators at 02:57 UTC to prevent further damage from a $5 million exploit
“Liquidity pools were NOT ‘completely drained.’ Devs are fixing the bug, scoping the size of losses (likely in the range of ~$5M), and working on recovery. More info to come.” The Osmosis team clarified in a tweet
The Osmosis token (OSMO) was 6.96% down and its total value locked (TVL) on the Osmosis blockchain dropped 1% over the past 24 hours
Daily sector tracker
Daily News Roundup
New York’s Crypto Regulator Published The First Stablecoin-specific Guidance https://bit.ly/3NztS2U
Solana Grants $100M in Support South Korean Crypto Startups https://bit.ly/3zqWPdc
Multicoin Capital Leads $60M Round in Delphia https://bit.ly/3aBvgTZ
Private Market Trading Platform ADDX Recognizes BTC, ETH, USDC For Granting “Accredited Investor” Status to Them https://bit.ly/3Mxk5sE
Aurora Pays Out $6M Bug Bounty to White Hat Hacker https://bit.ly/3zqi5zK
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