Maker Minds #11 — End of futures trading on Binance — Stock trading on FTX — The first ETF from NFT
Hey, you!
Here’s a recap of the most important crypto news.
Latest prices
Bitcoin: $23,173.86
Ethereum: $1,712.89
Solana: $40.63
Gold: $1,774.10
S&P 500: $4,158.86
💰 Crypto
🔘 Bitcoin rose 20% in July, its best month since October when BTC rose 40%. BTC hit its all-time high in November 2021, just above $69k.
🔘 Ether climbed 15% last week after the Ethereum Foundation scheduled the 3rd and final merge on testnet for August. The price jump led to a short squeeze and over $200 million in liquidations.
🔘 The merge on the Goerli testnet is scheduled for August 10.
🔘 France: Binance to drop derivatives. As of August 2, 2022, the French will no longer be allowed to open new positions. The cryptocurrency exchange platform explains that it wants to comply with the requirements of regulators.
🔘 FTX.US has opened up stock trading to all users in the United States at no cost.
🔘 Solana is opening a store in New York City called Solana Spaces. Store staff will introduce visitors to Solana and web3, help them set up their first wallets, and guide them through their first trades on the blockchain.
🔘 Chainalysis is creating a government subsidiary to deal with the U.S. military, federal investigators and law enforcement.
🔘 Polygon is partnering with Mercedes-Benz to launch a data sharing platform called Acentrik. It will allow companies to buy and sell data in the form of NFT (for example: insurance data). Polygon is on fire this year. They have partnerships with:
Adobe: NFT integration for the Behance social platform.
Stripe: USDC payments enabled through Polygon
Meta: NFT integration pilot for Instagram
Nothing: building a crypto smartphone
Reddit: building an NFT marketplace
🔘 Tether, Bitfinex and Hypercore have launched a peer-to-peer platform for developers to create web3 applications - Holepunch. The Holepunch platform will support $USDT tokens and the Lightning Network for in-app payments. The Keet messaging app will be the first developed on Holepunch.
🔘 Coinbase is under investigation by the U.S. SEC for allowing users to trade unregistered securities. The SEC began taking a closer look at the exchange after it added more than 100 tokens to its platform.
🔘 Kraken is under investigation for violating federal sanctions by allowing Iranian users to use its platform.
🔘 FTX has received approval to operate its exchange services in Dubai.
🔘 Wall Street is no longer a fan of Coinbase, with analysts predicting a price target of $108, the lowest since the company's IPO. The stock has fallen 80% since November and is currently trading at $63.
👩🏻🎤 NFTs & Metaverse
🔘 NFT market volumes fell to $625 million in July from $885 million the previous month. OpenSea accounted for more than 75% of volumes.
🔘 KuCoin is the first exchange to offer NFT ETFs. These will allow retail investors to buy fractional ownership in top collections like Bored Ape Yacht Club. KuCoin has partnered with Fracton Protocol to create this offering.
🔘 Zoonies is the first NFT project on Solana to use OpenSea's new launchpad feature. This feature allows collectors to mine NFTs during a primary sale. In doing so, OpenSea masters the beginning of the value chain of an NFT collection. But this first attempt was a mixed bag: Zoonies did not immediately sell out, and some of the NFTs were sold or listed on the secondary market at less than the mint price.
🔘 Yuga Labs said it would begin collecting a 5% royalty on secondary sales of Meebits.
🔘 Miami is launching an NFT collection in December with Mastercard, Salesforce and Time, with 56 local artists making 5,000 NFTs representing the city. Holders of these NFTs will have access to Mastercard's Priceless Miami program, which offers private experiences and tours. The NFTs will be mined on Salesforce's new product, NFT Cloud.
🔥 What’s Poppin’?
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