Orderly Network raised $5M, with OKX Ventures pitching in

Hot projects + Market overview

I. Mainstream exchange news

• Coinbase International is set to launch perpetual futures contracts for Cosmos (ATOM), dYdX (DYDX), and MANTRA (OM).
• Binance is set to launch USDT-margined perpetual contracts for Gravity (G) and SuperRare (RARE).
• Bybit will introduce the DOGS/USDT spot trading pair on August 20.
• OKX is set to list Arkham (ARKM), Pixels (PIXEL), and BOOK OF MEME (BOME) for spot trading.
• Bybit has added PayPal USD (PYUSD) deposits and withdrawals on the Solana network.

II. Mainstream projects and trending events

• MakerDAO has passed and implemented a proposal to reduce WBTC collateral due to potential risks associated with custody changes.
• Circle has proposed a new risk-based capital model for stablecoins that exceeds current Basel banking regulations to address the risks associated with stablecoins and fiat-pegged tokens.
• Issuance and redemption of the AEUR stablecoin have been suspended following the collapse of Switzerland's FlowBank.
• TON is set to introduce wrapped Bitcoin on its network, potentially named tgBTC.
• Apple is opening its NFC chip to third-party developers, and Circle plans to launch instant payment services on iPhones.
• Moonshot has updated its memecoin issuance fee protocol, proposing profit distribution to creators and major holders.
• Solayer, a re-staking protocol in the Solana ecosystem, has launched its mainnet, introducing the endogenous AVS system standard.
• DOGS has allocated 81.5% of its total supply of 5.5 trillion to community users.
• US Federal Reserve Chairman Jerome Powell will deliver a speech on the economic outlook on August 23, setting the tone for a potential rate cut in September.

III. Funding news

• Orderly Network has completed a $5 million strategic funding round with participation from OKX Ventures.
• Chaos Labs has raised $55 million in a Series A funding round led by Haun Ventures.
• Bitcoin infrastructure developer Satflow has raised $7.6 million in a seed round participated in by Coinbase Ventures.
• Goldilocks DAO has raised $1.5 million in a seed round, co-led by Hack VC and Shima Capital.

IV. Regulatory news

• The Russian Central Bank and the Ministry of Finance are discussing the creation of a Russian Crypto Exchange.
• South Korea's National Pension Fund has increased its indirect exposure to BTC by acquiring MicroStrategy shares.

V. Popular projects 

Market overview

BTC has dropped to a low of $56,078, experiencing a 10.6% pullback from its recent high as the market lacks momentum to sustain a continued rise.

As the US stock market rebounds strongly, BTC, which rebounded in advance, has stalled its upward momentum.

The upcoming speech by US Federal Reserve Chairman Jerome Powell on August 23 could be pivotal for the economic outlook and set the tone for the broader crypto industry. The upward trend may continue as long as BTC remains above $55,000.

RARE is up 28% in a day

SuperRare, an NFT marketplace, has seen its token RARE surge 28% in the last 24 hours. 

Despite the current downturn in the NFT market, Binance's announcement to list RARE contracts has increased market attention.

RARE's market cap has reached $68.47 million, with a 24-hour trading volume exceeding $90 million.

MOCA is up 12% in a day

MOCA, the token of Mocaverse, a metaverse product under Animoca Brands, has risen 12% in the last 24 hours.

MOCA aims to drive the growth of the Animoca Brands network. On July 22, MOCA announced a strategic partnership with the Ton ecosystem, allocating $20 million worth of MOCA and TON to incentivize developers and users.

MOCA has reached a market cap of $135 million, with a 24-hour trading volume of $26 million.

SYN is up 6% in a day 

Synapse, a universal interoperability protocol enabling secure cross-chain communication, has seen its token SYN rise 6% in the last 24 hours.

With a total value locked (TVL) of $106 million and $53.1 billion in cross-chain assets transferred, SYN's market cap is $82.55 million, and its 24-hour trading volume has reached $45.25 million.

MIGGLES is up 7% in a day

Mister Miggles, a cat-themed memecoin on Coinbase, has surged 7% in the last 24 hours. 

On July 17, 2024, Coinbase released a teaser tweet "7.17.24" with a cat video featuring "Mister Miggles," which gained significant attention.

Base chain founder Jesse Pollak's purchase of MIGGLES further fueled the token's rise, reaching a peak increase of 900-fold. MIGGLES has reached a market cap of $30.26 million.

On-chain daily

1. Neiro: Neiro is a memecoin on the Ethereum chain featuring the new dog of the Doge dog’s owner. Previously, the uppercase NEIRO saw steady growth, and recently, the lowercase Neiro has also performed well.

Current Price: $0.0(4)364

Historical High:$0.0(4)657

24-Hour Change: +456%  

Current Market Value: $15.5M

Official Twitter:https://x.com/neiroethcto  

2. KEROSENE: KEROSENE is an over-collateralized stablecoin project on Ethereum, where users use the token to mint the stablecoin DYAD.

Current Price: $0.0652

Historical High:$0.0918

24-Hour Change: +94%

Current Market Value: $5.5M

Official Twitter:https://x.com/0xDYAD 

3. Fluffi: Fluffi is a memecoin on the Solana chain generated by Grok AI, which was taken over by the community.

Current Price: $0.00801

Historical High:$0.105

24-Hour Change: +857%

Current Market Value: $8M

Official Twitter:https://x.com/fluffisol 

4. RCAT: RCAT is a memecoin on the Solana chain featuring a cat that launches rockets, with an art style similar to Popcat.

Current Price: $0.00165

Historical High:$0.00179

24-Hour Change: +1635%

Current Market Value: $893K

Official Twitter:https://x.com/ROCKETCATSONSOL 

5. ERIC: ERIC is a memecoin on the Solana chain featuring a puppet created by Quentin Dupieux. This puppet appeared in an advertisement for Levi's Sta-Prest One Crease Denim Clothing, whose costume was crafted by Jim Henson's Creature Shop.

Current Price: $0.00276

Historical High:$0.00336

24-Hour Change: +41%

Current Market Value: $2M

Official Twitter:https://x.com/FlatEriconSol 

6. TIME: TIME is a memecoin on the Solana chain featuring a lazy cat.

Current Price: $0.000353

Historical High:$0.000353

24-Hour Change: +17%

Current Market Value: $3.5M

Official Twitter:https://x.com/timefanworld 

Daily runes observation

Gas Fee Change:

The current BTC transaction fee remains low at 8 satoshis/byte. Regardless of the cryptocurrency's price, transaction fees have remained persistently low for a month and a half.

Today's Popular Projects:

1. SEND•RUNE•PEPE

   - Total supply: 100,000 tokens, with 0% reserved.

   - Mint Progress: 76%,  76,066 tokens have been minted, with 17,896 tokens in the memory pool

     - Holding Addresses:1337

2. BASED•INTERNET•PANDA

   - Fully minted

   - Market Value: $867K

   - 24-Hour Trading Volume: $16,267 

   - 24-Hour Change: +26%

   - Holding Addresses:1007

3. NIKOLA•TESLA•GOD

   - Fully minted

   - Market Value: $9M

   - 24-Hour Trading Volume: $74,652

   - 24-Hour Change: +18%

   - Holding Addresses:1931

Top Rune Projects Tracking:

- DOG•GO•TO•THE•MOON: Rune #3, airdrop Runes of Runestone

  - Current Price: 4.96 Sats

  - 24-Hour Change: -1.65%

  - Current Market Value: 4,970  BTC

- BAMK•OF•NAKAMOTO•DOLLAR: Synthetic dollar protocol on Bitcoin L1

  - Current Price: 7.85 Sats

  - 24-Hour Change: -3.05%

  - Current Market Value: 1,650 BTC

- RSIC•GENESIS•RUNE: Rune #8, from RSIC inscription mining project

  - Current Price: 7.8 Sats

  - 24-Hour Change: +1.29%

  - Current Market Value: 1,640 BTC

Performances of today's top three tracks

Payment: An overall daily decrease of 0.8%

1. Velo: The Velo Protocol is a blockchain financial protocol enabling digital credit issuance and borderless asset transfer.

   - Daily Increase: +14.86%

   - Current Price: $0.01221

   - Current Market Value: $90.2M

   - 24-Hour Trading Volume: $47.09M

2. ZBC: Zebec Protocol, a protocol for multisig asset management and streaming payments on Solana, which allows employers to pay employees every second.

- Daily Increase: +3.99%

- Current Price: $0.00913

- Current Market Value: $38.62M

- 24-Hour Trading Volume: $15.7M

3. CIRUS: CIRUS is a platform that turns data into cryptocurrency, which offers an opportunity to own your data and profit from it.

- Daily Increase: +3.9%

- Current Price: $0.00773

- Current Market Value: $1.05M

- 24-Hour Trading Volume: $397,000

NFT: An overall daily decrease of 1.14%

1. DUST: DUST’s supply of $DUST starts from 0. DUST can only be minted by burning NFTs or staking a DeGod NFT. DUST will first be used to purchase NFTs in the DeDAO treasury.

   - Daily Increase: +37.87%

   - Current Price: $0.3218

   - Current Market Value: $10.72M

   - 24-Hour Trading Volume: $853,000

2. RARE: RARE is the NFT market, SuperRare’s platform token.

 - Daily Increase: +28.7%

 - Current Price: $0.0981

 - Current Market Value: $68.2M

 - 24-Hour Trading Volume: $90.28M

3. MOCA: Mocaverse is a Web3 metaverse project under Animoca Brands. MOCA is its native ecosystem token, with a total supply of 8,888,888,888 tokens.

- Daily Increase: +12.67%

 - Current Price: $0.11802

 - Current Market Value: $13,400

 - 24-Hour Trading Volume: $2448

CeFi: An overall daily decrease of 1.13%

1. SHX: Stronghold is a financial services platform, which uses Stronghold USD to enable dollar settlement and interoperability between APIs and new payment networks.

   - Daily Increase: +11%

   - Current Price: $0.004

   - Current Market Value: $21.47M

   - 24-Hour Trading Volume: $24.3

2. BITCI: Bitci Chain is a programmable blockchain network that allows for auditing user business activities and companies, accelerates transaction speeds, and enhances interactions between users and clients.

 - Daily Increase: +6.15%

 - Current Price: $0.00079

 - Current Market Value: $6.68M

 - 24-Hour Trading Volume: $869,000

3. HT: HT is Huobi's platform token.

- Daily Increase: +3.68%

 - Current Price: $0.4003

 - Current Market Value: $63.81M

 - 24-Hour Trading Volume: $365,000

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

Please note that this article includes references to third-party websites and data, which are provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.