| |
| | | Toncoin (TON) has bounced back after a nearly five-hour blockchain outage . The disruption, linked in part to the DOGS airdrop that drew attention to Pavel Durov's arrest, didn't have a major impact on TON. However, on August 28, the TON blockchain experienced a second outage, likely caused by the heavy demand for DOGS token minting. | | In light of the situation, we've removed all service fees for TON and NOT until September 3. Don't miss this opportunity to take advantage of the offer! | | | | | | Top Gainers and Biggest Losers | | This week, the gainers are mostly stablecoins—they never change. But with modest gains, Helium (HNT), Reef (REEF), and BarnBridge (BOND) stood out. On the flip side, PowerPool (CVP) took the hardest hit, dropping around 50%. | |  | Helium
HNT | $7.58
▴ 13.43% | | | | |  | Reef
REEF | $0.0011
▴ 56.09% | | | | |  | BarnBridge
BOND | $1.99
▾ -0.92% | | | | | Wondering what are the best & worst performing crypto on a daily basis? Subscribe to our price alerts here. | | | | What Is Pushing the Market? | Bitcoin
hit the lowest price since August 19, dropping under $59,000. The sudden downturn triggered $313 million in liquidations of leveraged crypto derivatives positions on August 27 only, the biggest washout since the August 5 crash. | | Another significant event,
MakerDAO, a major DeFi lender, is rebranding as "Sky" and launching new tokens as part of its revamp. The protocol will introduce the USDS stablecoin and SKY governance token , while DAI and MKR will remain in circulation. Holders can exchange DAI for USDS and MKR for SKY at a 1:28,000 ratio starting September 18. MKR's price jumped over 4% after the announcement. | | This year,
the PolitiFi category has outpaced the meme coin segment , with market cap growth of 782.4% versus 90.2%. ConstitutionDAO (PEOPLE) leads with $385.6 million, up 494.3% since the start of the year, while MAGA (TRUMP) follows at $178.9 million, soaring 1350.9%. | | AI-focused cryptocurrencies
took a hit after Nvidia's 6.4% drop following its Wednesday earnings report. Tokens like Render (RNDR), Artificial Superintelligence Alliance (FET), and Bittensor (TAO) fell 7%–10%. | | | | | | The Fear & Greed index is showing fear at 34, reflecting a cautious market mood. Investors are feeling uncertain, leading to lower trading volumes and more careful strategies as they wait for clearer signals. While some see this as a chance to buy at lower prices, others are holding back, unsure of what's next. | | | | | The Hamster Kombat token (HMSTR) airdrop is set for September 26 . As outlined in the project's white paper, 60% of all HMSTR tokens will be distributed to players. | | The U.S. House Financial Services Committee will dive into crypto issues next month, including DeFi and SEC matters . SEC Chair Gary Gensler is also expected to face the full committee later in September, with digital assets likely being a big focus. | | Bitcoin and other cryptocurrencies could bounce back as central banks, especially the U.S. Federal Reserve, are expected to ease monetary policy. Rate cuts might boost risk assets like crypto, but with the U.S. election and fiscal uncertainties ahead, analysts recommend a cautious approach. Overall, the outlook is cautiously optimistic . | | | | | Have you enjoyed this letter? |  |  | | | |
© Changelly 2015—2024
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