DeFi Updates

2021-08-20 09:12:17 Crypto.com has introduced a function that will allow users in over 60 countries to bank transfer US dollars from their funds.
The new feature has been made possible by Crypto.com's partnership with Circle, as withdrawals will be made using USDC. Institutional customers will be permitted to receive dollars on a 1:1 basis when they make a withdrawal from their USDC wallet.

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2021-08-19 18:59:28 Mountaintop has raised $30M in a Series A funding round.

Jon Lai at Andreessen Horowitz led the round with participation from Spark Capital, Founders Fund, and Detroit Venture Partners.

https://medium.com/mountaintop-studios/mountaintop-raises-30m-series-a-c5a9ac8e13b5

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2021-08-18 18:39:43 Solana just rocketed to the moon! Is it stopping soon? Market sentiment doesn't think so. Volume continues to grow, with social media platforms crazing on the Sam token. Average sentiment spiking here and there justifies the volatility. Solana summer just came late

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2021-08-18 09:39:44 Global total value locked in DeFi just reached $148 billion and is rapidly approaching new ATHs

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2021-08-18 09:08:12 The Definitive Guide to Early NFTs on Ethereum (so far!)

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2021-08-17 16:31:25 It is quite difficult for large players to buy crypto for a large volume, while not causing sharp jumps in the market price. This is due to the fact that there is not much liquidity on the exchanges.

Therefore, whales often buy crypto on the OTC market

OTC is an OTC trade made by the parties directly and not through an exchange. The buyer and seller negotiate a fixed deal price in advance, so such purchases do not affect the market price of the asset.

• Another feature of OTC: the price of an asset in such a transaction may be lower than the market price.

• An interesting fact: about 2/3 of the total turnover of securities passes through OTC transactions. OTC is also popular on the crypto market.

What are the disadvantages of the OTC market?

OTC deals involve large volumes, so this market is not available to regular users. But there are projects that make it possible for any user to make OTC transactions.

One of these projects researches the market and conducts a small survey

If you are interested in the topic of decentralized OTC, then take a few minutes and take part in an anonymous survey.

Link to Google form: https://forms.gle/7LjpfbhwF5hQAU4f9 Open / Comment

2021-08-17 13:44:24 NFT monthly volumes in August near $1 billion

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2021-08-17 08:38:22 SOL has made its way into the top 10 cryptocurrencies by market cap

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2021-08-16 18:44:11 Solana (SOL) bumps 30% to $67. Sets new all-time highs.

The global crypto market cap is $1.99 trillion with a 24-hour volume of $118.78 billion. The price of Bitcoin is $46,142.81 and the BTC dominance is at 43.6%.

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2021-08-16 14:23:24 $170 million worth of $ETH was burned in just 2 weeks. Damn, thats like what a few big ICOs could raise in 2017 except its burned for good and not ending up market dumping on retail later.
Most of the burned fees come from NFTs projects. I think nobody could see it being so huge yet here we are
Website: https://ultrasound.money/

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