Your Favorite Crypto Digest From TradeCrypto.com

BTC is now trading around $20,900, ETH is trading above $1,100.

💪 Bitcoin dominance: 43.95%

📉 Total Cryptocurrency Market Cap: $0,912 tr

😲 Fear and greed index: 11 (Extreme Fear)

🚀 Gainers(Top-100)

Polygon (MATIC) +22.01%

Axie Infinity (AXS) +18.03%

😭 Losers(Top-100)

Harmony (ONE) -9.07%

Nexo (NEXO) -2.89%

IOTA (MIOTA) -2.54%

Do Kwon, the co-founder of Terraform Labs, 📢said that he was “devastated” by` last month’s 📉collapse of the TerraUSD (UST) stablecoin and its sister token LUNA, expressing his 🙏hope that thousands of investors who have been affected by the Terra ecosystem's implosion are "taking care of themselves."

Kwon also claimed that he had personally 😥lost nearly all his net worth in Terra’s 📉crash, while also hitting back at claims that the project was a “fraud.”

EBay and KnownOrigin 📢announced in a joint statement today that the e-commerce giant has acquired the NFT marketplace for an undisclosed sum.

CEO Jamie Iannone 📢said last year that his company was 🔍exploring crypto payments and looking at NFTs, which became available on eBay in May 2021.

Solana Labs’ next big bet for Web3? Mobile apps and 📱a smartphone to match.

Today in New York City, Solana Labs which represents the founders and core contributors of the Solana blockchain network 📢announced the 🚀launch of the Solana Mobile Stack software ecosystem for Android, along with an upcoming Android 📱smartphone called ✨Saga.

Cristiano Ronaldo, one of ⚽football’s biggest stars, has inked a sponsorship 🤝deal with crypto 💱exchange Binance, becoming the latest celebrity to strike a lucrative partnership with a digital asset firm despite the crisis gripping the sector.

The legendary Portuguese ⚽footballer, whose career has spanned Manchester United, Juventus and Real Madrid, will work with Binance to create a collection of non-fungible tokens (NFTs) that will be sold exclusively by the 💱exchange.

Stablecoins could become a systemic feature of the financial world in spite of the recent high-profile 📉collapse of the Luna Foundation’s terraUSD, analysts at credit agency S&P Global Ratings 📢said in a webinar Thursday.

Staffers at one of the world’s top-three rating agencies believe the technology, a supposedly stable source of value that offers a bridge to more volatile crypto assets, could still transform international finance and 🌐global trade – even if recent market turbulence has shown some coins are more stable than others.

Uphold, a platform offering cryptocurrency trading and digital asset debit cards, is closing its Venezuela operation due to “the increasing complexity of complying with U.S. sanctions,” the company 📢said on Thursday.

In a statement, the London-based company advised its customers in Venezuela to “remove funds from the platform as soon as possible.” Trading service in the country will be ✔️available until July 31, and accounts will be fully restricted as of Sept. 30.

Gucci Invests $25K in DAO of NFT Marketplace SuperRare to Start Digital Art Vault

Italian high-end luxury brand Gucci is venturing further into Web3.

Gucci has acquired $25,000 💲worth of RARE tokens to ✔️join the SuperRareDAO. With its buy-in, Gucci is 🚀launching the “Vault Art Space,” an exhibition that will include a selection of NFT artworks by 29 artists.

Conclusion: Do Kwon makes excuses again. More and more global companies are investing in cryptocurrencies and NFTs. World stars such as Ronaldo become partners of crypto exchanges and are introduced into the crypto industry more and more every day.

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