Crypto Market Overview August 15th | Dex-Trade

Crypto Market Overview August 15th | Dex-Trade

MEP and Promotion Officer MiCA Sells Its First NFT

German Member of the European Parliament (MEP) Stefan Berger, who has been tasked with promoting the EU regulatory package for crypto-asset markets (MiCA), launched a summer initiative to promote tokenization and launched his own NFT for sale on the Opensea platform. At the end of July, a member of the conservative European People's Party group called on his Twitter followers to join the auction and announced that his first "NFT is out now," and that the auction will end today, August 15th. “For me, this NFT is a piece of digital freedom in a wallet,” Berger wrote, comparing non-fungible tokens to the rise of the stock market in the 17th century. The parliamentarian token is called "Bergoletten" and is a photograph of a pair of men's slippers, one of which says "#bergo" and the other says "ropa." In his opinion, flip-flops are the best summer gadget, and he chose them as the main motive for the NFT because every great undertaking is impossible without the first step towards its implementation. Can Berger's performance be called meta-ironic? Here we will leave space for everyone to think about it for themselves. All that is known for certain is that the politician launched his NFT after a significant move towards the adoption of pan-European rules for the regulation of cryptocurrencies, for which 27 officials voted. And it pleases.


Major Ethereum Whale Wakes Up After Three Years of Silence

The address of the whale that participated in the Ethereum Genesis ICO (initial coin offering) signaled activity for the first time in 3 years, as about 145,000 ETH was transferred from it yesterday immediately after the cryptocurrency price managed to overcome the psychological mark of $2,000. During the Ethereum Genesis ICO in 2014, approximately 150,000 ETH was transferred to this address. Five years after the placement event, about 5,000 ETH was moved from the whale address to the Bitfinex3 exchange. This happened on July 31, 2019. The total amount of the transaction was $1.095 million, since at that time ETH was trading at $219 per coin. Yesterday, monitoring services reported that the whale is distributing the remaining coins to several addresses. According to the Etherscan analytics platform, 145,000 ETH was transferred to a number of other addresses in a series of transactions, after which the whale’s wallet balance was only 0.107 ETH. Considering the current price of crypto-silver, the transferred coins are worth over $285 million. Experts report that the transfers cannot entail an interfering reset, given that all the coins were transferred to new addresses, and not to exchange wallets. Citing analytics, the whale has moved all of the coins to about nine new ETH addresses, and each of them currently holds at least 10,000 ETH.


Do Kwon Gives First Big Interview Since Terraform Labs Crash

Zack Guzman from Coinage Media hosted the first big interview with the founder of the infamous Terraform labs, Do Kwon, titled “Inside Crypto’s Largest Collapse” and aims to reveal some of the details of the UST and LUNA crash from a businessman’s perspective. So far, only a minute and a half of the interview trailer is available, briefly retelling the key topics of the conversation with Kwon. In particular, the businessman talks about the fact that the crypto industry is something like a map of the wilderness and explains that there was a lot of pressure on UST as an algorithmic stablecoin. It also appears that several employees of Terraform labs took part in the interview. However, some people did not appreciate the behavior of the interviewer and have already criticized him for the fact that the interview is probably some kind of publicity stunt to launder Kwon's reputation, and the more respectable interviewer should have asked more provocative questions. However, when asked if this interview was paid, Guzman answered in the negative. However, Kwon is quite frank about the principles of his work and the reasons for the collapse of the ecosystem, so the full interview, which should be published in The Wall Street Journal, in any case, will be a landmark event for the entire crypto community: “I made confident bets and made confident statements on behalf of UST because I believed in its resilience and its value proposition. I’ve since lost these bets, but my actions 100% match my words. There is a difference between failing and running a fraud.”