Daily Crypto Update 11/09/21
Lately I had no time to write so let’s dive into the latest topics.
📚Bitcoin, Ethereum with new ATHs
📚OpenSea hit $10B in trading volume
📚5M customer emails stolen from Robinhood
📚Congress passes the Infrastructure bill, which collects crypto taxes
📚Bitcoin, Ethereum with new ATHs
The crypto market continues to rally and it seems that Solana summer will stay here during the winter as well.
While the crypto market capitalization aims to reach $3T, the very first cryptocurrency set a record at $68 530 according to data provider CoinMarketCap. Bitcoin is up 10.20% over the last seven days and it also took Ethereum on its journey to the moon.
Ethereum also set a new ATH at $4 837 to be specific. At the time of writing the second ccy by market cap is changing hands around $4 800.
If BTC and ETH are skyrocketing, then Solana does the same. Ethereum rivel passed the $250 barrier to hit set a new record at $260 per coin. Earlier last week the network’s native token, SOL, flipped Cardano just to become the fourth cryptocurrency by market cap. It is worth noting that Solana’s DeFi ecosystem is growing as well – currently, there are over $15.20B locked in Solana DeFi projects.
📚OpenSea hit $10B in trading volume
The NFT mania is growing and the latest results by OpenSea just confirmed that. The largest NFT marketplace hit $10B in trading volume just four years after it opened doors.
OpenSea is a leader among the other NFT trading platforms. Its competitors Rarible and SuperRare.co have volumes of $263.97 million and $177.95 million, respectively. However, the average price per sale on Rarible and SuperRare.co is higher – it looks like they are more popular for high-profile art collections.
📚5M customer emails stolen from Robinhood
The popular trading app, Robinhood, announced it bumped into an accident last Tuesday. A hacker managed to steal around 5 million customers' emails and in the case of some clients, additional personal information. The company confirmed that the hacker did not obtain personal information such as Social Security numbers or banking information for most of the affected customers. But Robinhood added that in the case of 310 people the hacked took data such as the birth date and home addresses.
📚Congress passes the Infrastructure bill, which collects crypto taxes
The US Congress passed the Infrastructure bill that is expected to collect 1.2T taxes, some of which (28 billion) are expected to come from the crypto industry. The bill passed with a final vote of 228-206 and it signals a historic moment.
The provision changed the definition of a “broker”. Under the current broad definition could be understood not only the crypto businesses like exchanges but also miners, validators, and even crypto wallet companies.