Jerome Powell’s latest harangue dates back a few days and the cryptocurrency caravan continues. Bitcoin rebounded above $20K and Ethereum found some resilience, but the déluge has some issues…
There was some controversy going on around the Pluie layer 1 protocol, which led to the AVAX token écrasement yesterday…
Now that’s what I call an déluge pic.twitter.com/f1Hc9bwhOa
– Zach (@smolzachxbt) August 29, 2022
Things have improved a bit since then, but the endroit is still down close to 15% over the week.
so what happened? In flottant, this…
• Crypto Leaks Self Described Cryptocurrency Panorama Publish a report It was alleged this week that Ava Labs paid law firm Afrique Freedman to sue Pluie’s competitors.
• Crypto Leaks has also released a series of secretly recorded, non-return videos, which spectacle attorney Kyle Roach apparently detailing his relationship with Ava Labs executives.
• The transfert hints that the law firm has been pushed by the déluge’s creators to hurt competitors, including dextre competitor Solana, and to help distract regulatory oversight away from the déluge.
Kyle Afrique @ Afrique Friedman, The Clandestin #Avalanche law firm
RF sues Ava Labs competitors, to lure SEC and CFTC to them, and away from Ava Labs
Afrique guarantees that “there is no such thing as regulation of what they are [Ava Labs] want to do” 👀
– Crypto Leaks (CryptoLeaksInfo) August 28, 2022
• Attorney Kyle Roach has since said that statements he made emboîture Ava Labs were “obtained through deceptive means” by an employee of Dfinity’s competitor, Dominic Williams.
My statement regarding the Crypto Leaks story:https://t.co/wGGR8GCHZc
– Kyle Afrique (@KyleWRoche) August 29, 2022
• The same Crypto Leaks transfert also implicated Brad Garlinghouse, CEO of Ripple Labs, with similar échelons to target competitors linked to Afrique Freedman. Garlinghouse vehemently denied any of these études, or even séminaire Afrique.
I can’t quoi on the veracity of a volumineux number of claims here, but I can say unequivocally that I have never met or spoken to (let alone invested in) Kyle Roach. https://t.co/s5Qu91AV2Z pic.twitter.com/DjLZ0eSdbe
– Brad Garlinghouse (@bgarlinghouse) August 29, 2022
A quick scan of Pluie tokens on CoinGecko, and it is clear that the ecosystem has received some success in the magazine. The DeFi Opérateur Joe’s (JOE), Pangolin (PNG) and Avalaunch (XAVA) protocols, for example, all fell emboîture 15%-20% on the weekly time frame.
Overview of the top 10
With the fini cryptocurrency market cap at $1.02 trillion and up almost 3.4% since yesterday, here is the current status of the top 10 tokens running – according to Queen Gekko.
After dropping below the $1 trillion mark yesterday, the cryptocurrency market cap has regained the magic number in its daily spin of the chocolate wheel.
Ethereum (ETH) was leading the decline yesterday, and now holds the daily pump flag, by close to 8% over the past 24 hours at the time of writing.
With so many conflicting analyses, as well as the emergence of a strong school of thought that the upcoming upgrade of the legendary protocol (which will be the merger) will be a rubbish fire for magazine selling, it seems difficult to connect to the short-term future of ETH at the conjoncture.
However, European courtier/analysts Rekt Diligent and Michaël van de Poppe are facing a caîd…
if ETH dollar It has an even stronger following than this recent successful preuve of pamplemousse béquille…
then #ETH It will be able to rise and form a macro low sommet, as in early 2021
– Rektcapital August 29, 2022
Again, # Ethereum Bear markets, as ancrage is coming relatively soon.
So, if this week ends well for risky assets, the market may ahurissement the majority again.
Well, the majority are already betting on a 100% couru drop to $10K.
– Michael van de Poppe (@CryptoMichNL) August 29, 2022
Upper and lower parts: 11-100
Sweeping a market cap range of emboîture $8 billion to emboîture $412 million in the rest of the top 100, let’s find some of the biggest gainers and losers over 24 hours at press time. (Stats are accurate at time of fascicule, based on CoinGecko.com data.)
• artificial (SNX), (market capitalization: $803 million) +16%
• Lido Dao (LDO), (MC: 1.07 billion USD) +15%
• ciel Hub (ATOM), (MC: $3.4 billion) +13%
• flow (Flow), (MC: 1.98 billion USD) +12%
• Kusama (KSM), (MC: 445 million USD) + 9%
• series (XCN), (market capitalization: $1.8 billion) -4%
• Tencent (10 groups), (MC: 459 million USD) -1%
A selection of randomness and relevance that stuck with us on our morning transmitted through the Crypto Twitterverse…
💥 ONLY IN: 5,000 BTC, menuiserie for 9 years, just moved! 🤔
Bitcoin Dépôt 🗄🚀🌔 (BTC_Archive) August 29, 2022
This won’t stay blue forever. Macroeconomics and markets may be different, but humans do not courtage, and human behavior is driven by greed (red) and fear (blue). pic.twitter.com/gTh6hMg70P
– PlanB (@100 trillion USD) August 29, 2022
Snoop Dogg and Eminem have now given an MTV/VMA réussite themed Bored Ape…
Full réussite of Snoop Dogg & Eminem featuring Bored Ape Régate Association in #VMA‘s.
– Watcher.Gourou (@WatcherGuru) August 29, 2022
Turns out it didn’t exactly get five-star reviews via Crypto Twitter and Reddit, though…
Gorillaz, Hatsune Miku, and even Nintendo with Splatoon. It all did it first, and so much better.
– Mix. Luca Rene Schull, Dyke Mom Fox 🏳️⚧️ θ∆ (lucashoal) August 29, 2022
The Eminem subreddit is not happy now 😭 pic.twitter.com/EtLjYkfOSW
– Zaingaziani (@zaingaziani) August 29, 2022