Hodler’s Digest, July 31-Aug 6

Coming every Saturday Hodler’s compendium It will help you keep track of all the important news that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more – a week on Cointelegraph in one link.

Top news this week

Cryptocurrency Fundraising Hits $30.3 Billion in H1, Surpassing All of 2021: Report

A report by crypto analytics firm Messari showed on Tuesday that the cryptocurrency sector has raised $30.3 billion in funding this year, already surpassing the total for all of 2021, which was $30.2 billion. The figure was achieved through 1,199 financing rounds in the first half of the year, with $10.3 billion, more than a third of the capital, destined for the centralized financial sector. Notably, the NFT gaming sector raised more than all of decentralized finance by $4 billion. DeFi, comparatively, raised just $1.8 billion.

Michael Saylor will step down as CEO of MicroStrategy but remain as CEO

Bitcoin maxi Michael Saylor will step down as CEO of MicroStrategy on August 8. With Chairman Phong Le taking over as CEO, Saylor will take over his new role as CEO, a role that will focus almost entirely on building MicroStrategy’s Bitcoin reserves. “I think splitting the roles of chairman and CEO will allow us to better pursue our two corporate strategies of acquiring and holding Bitcoin and growing our business analytics software business,” he said.

Facebook’s metaverse will fail, says Vitalik Buterin

Ethereum co-founder Vitalik Buterin believes that any metaverse platform coming from Mark Zuckerberg’s Meta is going to “fail.” Although Buterin singled out Meta, his comments focused more broadly on the industry as a whole, stating that “we don’t really know the definition of ‘the metaverse’ yet, it’s too early to know what people really want. “

Voyager to return $270M in client funds, says it received ‘better’ offers than FTX

Bankrupt crypto lending firm Voyager Digital has been cleared by a judge in New York to return $270 million in client funds as it works to make all of its clients (in theory) whole again. The firm also stated that it received several “higher and better” purchase offers than the one submitted by Alameda Research from Sam Bankman-Fried in July.

Meta enables Instagram NFT integration in over 100 countries

Instagram has rolled out NFT support in 100 countries across Africa, Asia-Pacific, the Middle East, and the Americas. As part of the move, users can integrate Coinbase or Dapper Labs wallets and publish their Ethereum, Polygon, or Flow-based NFTs. The move sent the price of the Flow blockchain’s native token, FLOW, higher on Thursday, as pumped 54% to reach an intraday high of $2.83.

winners and losers

At the end of the week, Bitcoin (BTC) I sat down $23,276.79Ether (ETH) a $1,708.47 Y XRP a $0.37. The total market capitalization is $1.09 trillion, according to to CoinMarketCap.

Among the 100 largest cryptocurrencies, the top three altcoin gainers of the week are Flow (FLOW) at 44.86%, Filecoin (FIL) at 37.69% and Optimism (OP) at 25.60%.

The top three altcoin losers of the week are Qtum (QTUM) at 16.41%, Bitcoin Gold (BTG) at 14.30% and Bitcoin Cash (BCH) to 9.63%.

For more information on cryptocurrency prices, be sure to read Cointelegraph’s market analysis.

most memorable quotes

“Most people think that a metaverse is a virtual place, similar to the movie Ready Player One. They are wrong. The metaverse is not a place; It’s a moment in time.”

Evan Luthra, an entrepreneur Forbes 30 Under 30

“You saw decentralized markets, decentralized lending models, DeFi in general, it didn’t collapse. There was no infection there. What he saw was poor balance sheet management from lock-in commercial rate lenders.”

Jonathon Miller, CEO of Kraken Australia

“We don’t really know the definition of ‘the metaverse’ yet, it’s too early to know what people really want. So anything Facebook creates now will fail.”

Vitalik Buterin, co-founder of Ethereum

“You want to encourage people to have some faith in the future and make decisions that make delayed gratification morally laudable and smart. Inflation hurts those people.”

jordan petersonclinical psychologist

“Regardless of how those funds are stored, locked up in a smart contract or with a centralized custodian, that point of storage becomes a target.”

Chainalysis, blockchain analytics firm

“Of the billions of people and numerous institutional investors on the planet, a large number will lack the technical wherewithal, the workflows, or the interest in having their own private keys.”

Will Peck, Director of Digital Assets at WisdomTree

prediction of the week

The Metaverse Market Share Will Exceed $50 Billion By 2026, According To A New Report

Technology research and advisory firm Technavio released a report on Metaverse market finance estimating the sector will be worth $50.37 billion market share by 2026. The firm estimated the market will grow 21% annually over the next four years, and the prediction doesn’t seem too far off the mark so far, with 2022 growth forecast to hit 20.11%.

fud of the week

$2B in Crypto Stolen From Cross-Chain Bridges This Year: Chainalysis

According to a report by blockchain analytics firm Chainalysis, cross-chain bridge hacking has resulted in $2 billion in losses across 13 different attacks in 2022 so far. Chainalysis suggested that bridges are often targeted because “they have a central storage point for funds backing ‘bridged’ assets on the receiving blockchain,” which have become a destination point for hackers.

Solana wallets ‘compromised and abandoned’ as users warned of scam solutions

Solana users have been urged to abandon their hot wallets and move their funds to cold storage this week after a significant exploit siphoned an estimated $8 million from approximately 8,000 compromised wallets. The attack was reportedly carried out through a security breach in the network of wallet provider Web3 Slope and also affected users of the Phantom wallet.

Blockchain Security Firm Warns of New MetaMask Phishing Campaign

Blockchain security firm Halborn sent out a warning Thursday about a new phishing campaign targeting users of the MetaMask wallet. The active phishing campaign uses authentic-looking MetaMask-branded emails that urge users to comply with Know Your Customer (KYC) regulations and verify their wallets, essentially tricking them into giving up their passphrases.

The best features of Cointelegraph

Crypto Cleanup: How Much App Is Too Much?

Many blockchain companies now believe that regulation is inevitable, but there is a growing debate about where to draw the line between protecting users and strangling the lifeblood of the industry, or forcing it out of the United States.

NFT Communities Greenlight Web3 Movies: A Decentralized Future For Fans And Hollywood

The film industry is one of the most centralized and traditional of all. Just a handful of movie studios and streaming conglomerates control most of the global film market.

What Kazakhstan’s New Tax Regime Means for the Crypto Mining Industry

New amendments recently signed by the country’s president could strengthen the renewal of the power grid and keep overall prices relatively moderate.

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