Monday, September 9, 2024
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Just the same old story for September, or we will see things turn around real quick? In today's news:
Read on! | | 24h Hot Searches Worldwide 🔥 | | | Ready for GeckoCon 2024? 🚀
This year's GeckoCon: Web3 Games Unleashed is set to be our most dynamic event yet, combining the best of both virtual and in-person experiences! Look forward to keynotes & panels by web3 gaming experts, exhibitions, live gaming, interactive workshops and more.
Secure your spot and join us on November 11, 2024, at ICONSIAM in Bangkok, Thailand.
Enjoy 40% off early bird tickets now! | | | | | Magic Eden marked its 6th consecutive month as the top NFT marketplace in 2024, with a 36.7% market share from the $122 million trading volume in August.
Specifically for Ethereum NFT trading, Blur remains in the lead (68.8% share this year); Magic Eden (50.4%) is slightly ahead of Tensor (49.6%) for Solana NFTs; for Bitcoin Ordinals, Magic Eden has emerged as the most popular (61.0%). | | | Not so ultra-sound money 🦇 It's no secret that the price of Ethereum has underperformed since the launch of the anticipated spot ETH ETFs, and sentiment has continued to weaken.
Since hitting its peak of $4K earlier in March 2024, the price of ETH has fallen by 41.9% to just $2,325 today, recording just a 2% gain year-to-date.
This could largely be attributed to the disappointing flows for spot ETH ETFs, which have attracted just over $2.1B in total inflows so far.
However, with outflows mostly coming from Grayscale, the 9 ETFs have recorded a cumulative net outflow of $568M.
More recently, asset manager WisdomTree has chosen to withdraw its S-1 filing for its spot ETH ETF, which it had submitted 3 years ago.
On the same day, VanEck has also made the decision to wind down its ETH futures ETF, due to lack of demand for institutional investors. | | | The AO Computer is a recent addition to the expanding Arweave ecosystem. Learn more about how it works and its fair launch token in this video! | | | Friendship ended 💔 In less than a year after its initial launch, the story of Friend.tech has come to a close, after the team announced that they had renounced control of its smart contracts.
Developers from the SocialFi protocol called a function which essentially transferred control of the Friend.tech's smart contracts to Ethereum's null contract, which would lock the current iteration of the platform and prevent further development.
The team also clarified that no fees currently go to the Friend.tech team or their multisig.
Since the Friend.tech team's announcement, the price of the protocol's native FRIEND token has fallen by 31.9% from $0.094 to $0.063 today. | | | Corn is a Layer 2 network that is working to integrate Bitcoin into the Ethereum ecosystem, and is now rewarding users with Kernels for an upcoming token airdrop. Find out how to qualify! | | | In Other News... MagicEden Airdrop Rush. The multi-chain NFT marketplace reached a new high of $60 million in daily trading volume, likely driven by MagicEden's announcement of an upcoming airdrop. MagicEden accounts for 80% of all Bitcoin Ordinals and Runes trading volume. Telegram Game Rocky Rabbit Starts Pre-market Trading. Rocky Rabbit's airdrop token began pre-market trading following a similar announcement from its competitor, Catizen.
Anti-Sybils Mechanisms A Success! LayerZero Labs CEO Brian Pellegrino credits ZRO's strong token price to the team's extensive sybil filtering before its airdrop, which may inspire similar approaches from other teams.
Ethereum Hits 2024 Low. On Friday, Ethereum plunged to its lowest level of the year, with over $272M in liquidations. Investors are hoping for a market reversal if the Federal Reserve cuts rates later this month.
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