Crypto Insights: Market Movements, Regulatory News, and NFT Highlights and proceed

Dear Readers,

In the wake of a recent market slump, today's crypto prices have sparked significant global investor interest. Bitcoin (BTC) managed to stabilize at the $57K level, curbing further downside momentum. Ethereum (ETH) and Solana (SOL) both experienced strong gains, trading prominently in the green. Meanwhile, XRP exhibited notable volatility. In a standout performance, altcoins Injective (INJ) and 1INCH saw impressive price surges over the past 24 hours. The global crypto market cap has risen by 0.77% to $2 trillion. As of now, Bitcoin's value has increased by 0.4%, trading at $56,981.

Highlights Of The Week

• The United States Federal Reserve has issued a cease and desist order to United Texas Bank over “significant deficiencies” in risk management and crypto dealings.

•  Robinhood Markets’ crypto division has settled with California's Justice Department for $3.9 million over claims it halted crypto withdrawals from 2018 to 2022, marking the first such action by the department.

•  Ripple Labs’ legal team has requested a stay on the $125 million monetary judgment imposed on August 7 by the SEC.

• The SEC has delayed a final decision on NYSE Arca’s request to list an ETF that combines spot Bitcoin and carbon-credit futures.

•  Zurich Cantonal Bank has become the latest major Swiss bank to offer cryptocurrency trading services to its customers.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index has risen to a fear level of 29 today, compared to 27 yesterday. This increase in fear is occurring amidst a broader market easing, which follows Nvidia's recent denial of claims that the U.S. Department of Justice has issued a subpoena against the company. The market's reaction suggests that investor sentiment is currently more cautious.

ATH Coins

An all-time high (ATH) marks a cryptocurrency's distinction and heightened interest. Despite this achievement, market volatility continues to play a major role. Comprehensive research is crucial before investing in coins at their ATH. Here are some of the latest top performers to reach ATH levels.

ROCK (ROCK) has achieved an ATH price of $0.00416 today. Despite its claim of being “nothing but a useless meme coin,” it has captured the attention of the crypto community. Currently, ROCK is priced at $0.002251 with a trading volume of $1.64 million.

VENKO ($VENKO) also marked an ATH today, reaching $0.051066. Currently, it stands at $0.05106 with a volume of $1.14 million. VENKO serves as a digital passport to a unique community that unites enthusiasts of aliens, unidentified aerial phenomena (UAP), and cryptocurrency.

VISTA (VISTA) has hit an ATH price of $26.45 today, currently trading at $26.13 with a volume of $345,415.58. VISTA Coin aims to integrate cryptocurrencies into the global financial system, fostering growth, security, and independence. The project is committed to innovation and assisting clients in navigating the evolving world of crypto with confidence.

Web3Workx (WRKX) reached an ATH of $0.02551 today, with its current price at $0.02531 and a trading volume of $25,029.99. The token offers Brand Workx, designed for tokenizing products on eCommerce platforms, set to launch in 2024. Additionally, it provides Asset Workx, a free app for managing and minting assets with rewards, which was launched in May 2024.

Fasttoken (FTN) achieved an ATH of $2.60 yesterday and is currently trading at $2.55, with a significant trading volume of $101.62 million. FTN is the native currency of the Bahamut blockchain, an EVM-based layer 1 solution that employs Proof of Stake and Activity (PoSA). It facilitates transactions, staking, block validation, and cross-chain operations, highlighting its integral role in the blockchain ecosystem.

Top Movers (24H)

The growing legitimacy of the cryptocurrency market as a substantial investment avenue has prompted previous skeptics to adopt it eagerly, diversifying their portfolios with various digital assets. Experienced crypto investors are also reinforcing their positions, causing significant price increases in numerous cryptocurrencies over the past day. Let's examine some prominent cryptocurrencies that have recently witnessed notable price hikes.

Nibiru Chain (NIBI) has made a remarkable leap with its current price standing at $0.08433, reflecting a surge of 41.01% over the past 24 hours. The trading volume for NIBI has reached $7.61 million. Nibiru Chain is distinguished by its groundbreaking Level 1 blockchain and smart contract ecosystem, offering superior throughput and unparalleled security, setting it apart in the blockchain space.

Super Zero Protocol (SERO) has experienced a significant uptick, now priced at $0.02385, marking a 37.75% increase in the last day. Its current trading volume is $922,282. SERO positions itself as a privacy protection platform specifically designed for Decentralized Applications. It aims to establish itself as a next-generation privacy blockchain, supporting smart contracts and enabling the creation of privacy coins and anonymous assets.

Akita Inu (AKITA) has also seen impressive growth, with its price climbing to $0.077931, which represents a 36.66% increase. The current trading volume stands at $903,862.38. The Akita DAO focuses on developing products and applications that add value for AKITA token holders. Originally a community-driven project, AKITA has evolved beyond its meme origins to become a community-owned token with practical use cases.

Big Time (BIGTIME) has jumped to a price of $0.08422, reflecting a notable 29.23% increase. The trading volume for Big Time has surged to $56.46 million. This multiplayer action RPG for PC combines fast-paced combat with an open game economy, allowing players to actively generate and trade game items, making it a dynamic and engaging platform in the gaming sector.

Carrieverse (CVTX) has risen to a price of $0.01818, marking a 25.10% growth over the past day. Its trading volume is currently at $1.93 million. CVTX is a cryptocurrency associated with Carrieverse Inc., a collaboration between CarrieSoft Inc. and game developer Mantisco Inc. They operate the web3 gaming platform 'Cling,' which aims to enhance the gaming experience through blockchain technology.

Non-Fungible Tokens – Developments

Yuga Labs has introduced a new range of non-fungible token-themed products, including a Bored Ape Yacht Club NFT-branded luxury car with BMW and a canned beer in collaboration with Bored Ape Brewing Co.

 The monster-taming RPG Zeeverse will host an NFT chest sale on September 6th offering exclusive in-game NFT boxes with guaranteed and potentially rare items.

 Unlighted will release the Unlighted Alpha NFT Pass on September 10th, allowing players to own unique game elements and access special benefits within the web3 world of the game.

NFTs To Watch (24H)

Mutant Ape Yacht Club continues to make waves with its performance over the past 24 hours. The collection has seen a surge in trading volume, now at 85.5 ETH, marking a substantial 112% increase. With a floor price of 2.05 ETH and 43 sales recorded, the Mutant Ape Yacht Club remains a highly coveted collection. This series features up to 20,000 unique Mutant Apes, which are created either by exposing an existing Bored Ape to a vial of Mutant Serum or through a public minting process.

Redacted Remilio Babies is also drawing attention with its recent activity. The collection has achieved a volume of 25.42 ETH, reflecting a 76% increase in trading volume. The floor price is currently set at 0.891 ETH, with 27 sales in the last 24 hours. Redacted Remilio Babies expands the Milady Maker universe with 10,000 neochibi pfpNFTs, incorporating fresh J.I.T. energy and distinctively schizophrenic aesthetics

Meanwhile, Milady Maker maintains a strong presence in the NFT space with a trading volume of 82.64 ETH, representing an 18% rise. The floor price for Milady Maker NFTs stands at 3.4 ETH, with 23 sales over the past day. This collection features 10,000 generative pfpNFTs characterized by a neochibi aesthetic and inspired by street style tribes, further solidifying its place in the evolving NFT landscape.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,
Crypto Recorder Team

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