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Crypto Market Update: $80 Billion Wiped Out as Bitcoin Slips to $58K The cryptocurrency market has recently faced a significant downturn, shedding around $80 billion in a single day. This decline has been largely driven by Bitcoin's (BTC) sharp drop to $58,000.

Overview of Celestia (TIA) Celestia (TIA) has emerged as one of the most talked-about altcoins in the crypto space, particularly over the past week. With its price surging by 25% to $6.30, it has garnered significant attention from investors and market analysts alike. However, despite this recent uptick, the sentiment surrounding Celestia remains cautious.

Crypto Weekly Wrap: 8th August 2024 Black Monday Shakes Crypto Stock Exchanges On August 5, 2024, dubbed "Black Monday," global stock exchanges, including crypto stock exchanges, faced a severe downturn, triggering widespread panic and massive sell-offs. This financial turmoil was marked by dramatic declines in major indices, reflecting fears over economic instability and geopolitical tensions.

Render Token (RENDER): Latest Developments and Technical Analysis Recent Developments and Rebranding Render (RENDER), previously known as RNDR, recently underwent a significant rebranding and token swap. This transformation to RENDER has been accompanied by the introduction of new trading pairs on major exchanges like Binance, including RENDER/BTC and RENDER/USDT.

Mt. Gox Moves $2.5 Billion More Bitcoin The defunct Japanese crypto exchange, Mt. Gox, has recently transferred an additional $2.5 billion worth of Bitcoin. This movement is part of the ongoing effort to redistribute assets to creditors after the exchange's collapse in 2014. So far, approximately 59,000 of the recovered 142,000 Bitcoins have been distributed through Kraken and Bitstamp exchanges, as reported by Glassnode.

Ripple's XRP has recently outperformed Bitcoin (BTC) and several major cryptocurrencies, recording a significant daily price increase of 8% to exceed $0.64, despite an overall market correction. This surge comes amid broader market declines, with Bitcoin dipping from nearly $70,000 to approximately $66,500. The precise cause of XRP's latest rally remains unclear.

Solana's Remarkable Growth Metrics Solana (SOL) has emerged as a standout performer in the cryptocurrency space, showcasing impressive growth across multiple metrics. Since the beginning of the year, Solana has seen a nearly 250% increase in total value locked (TVL) in its native protocols and applications, reaching about $5.4

In a groundbreaking development, U.S. regulators have finally approved the first spot Ethereum (ETH) ETFs on Monday, which now enables US investors to trade ETH on the likes of Nasdaq, NYSE, Arca, and Cboe BZX. This follows years of filing attempts and lobbying by crypto funds to get ether ETFs approved by the Securities and Exchange Commission (SEC).

COTI, which stands for Currency Of The Internet, is a blockchain-based payments infrastructure project established in 2017 by Shahaf Bar-Geffen, Dr. Nir Haloani, and David Assaraf. It aims to create a scalable, user-friendly platform for digital payments by leveraging blockchain technology. By utilising this technology, COTI offers fast, reliable, and low-cost transactions, making it an innovative solution in the digital payment landscape.