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🚀May I Interest You In Some $100k Rocks?🗿

Have a great Tuesday, Geckos!   Tether (USDT) has officially released its assurance report, which details the company's consolidated assets. According to the report, Tether has a total backing of $62.7 billion, with $30.8 billion coming from commercial paper and certificates of deposit. Critically, only 10% of Tether's fund is backed by cash and bank deposits. The report was released weeks after Tether's competitors revealing their funding sources prompted criticism of Tether's transparency. In today's news, Circle plans to become a national bank, EtherRock sold for over $100K, and OpenSea beats Uniswap in 24h ETH gas ranking. Read on!

24h Hot Searches Worldwide 👀 Mina Protocol                  (+25.4%) CryptoBlades                   (+25.2%) Wall Street Games           (-1.0%) Smooth Love Potion        (+8.6%) Raydium                           (+16.5%) UniLayer                           (+22.7%) Binance Coin                     (+1.4%)

Circle's Vision   Circle (USDC) announced on Monday that it plans to become a "national digital currency bank," which would put it under the direct control of the Federal Reserve and the US Treasury Department. Last month, Circle released a report revealing that most USDC was backed by dollars, with the rest held in corporate bonds and commercial paper. Circle is now governed by state money transmission regulations, which are less strict than those imposed on national banks. Decrypt EtherRock Rocks   EtherRock, a 2017 Ethereum-based NFT project that portrays various coloured rocks, is presently in high demand, skyrocketing secondary prices. Over the weekend, two Ether Rocks has been purchased for over $100,000, including EtherRock #21, which sold for 45 ETH on Sunday. EtherRock is a collection of 100 NFT images of rocks all identical in design aside from colour variations and were inspired by the late 1975 classic Pet Rock trend.   Decrypt The Boundless Sea   Over the last 24 hours, NFT marketplace OpenSea has surpassed Uniswap and led the leaderboard in gas consumption on Ethereum. The resurgence of NFTs from early-2021 highs has aided OpenSea's ascension to the top, with over $1.9 million in gas spent on transaction fees in the last day, or 21% more than Uniswap V2 and V3 combined. According to data site Glassnode, OpenSea might do $1 billion in volume in August with a run rate of 300,000 unique users.   Coindesk

REVV Racing alpha launch tomorrow! $150k in prizes! Just one day left before the alpha launch of REVV Racing by Animoca Brands! From 11-17 August, players will compete for the fastest time in the Alpha Inaugural event with a US$150,000 prize pool! This is a skill-based action racing blockchain game where you have full control of your car. All you need to play is a REVV Racing car NFT. What are you waiting for? Get your car NFT now! Burned Tokens   Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable. Example burn addresses include 1BitcoinEaterAddressDontSendf59kuE on Bitcoin or 0x0000000000000000000000000000000000000000 on Ethereum.   Learn about other Crypto terms here NFT of the Day 🖼️ Underground Artist: Haru Komoda Gallery: Async Art The real thing is always here. This place I'll never forget. Check out other NFTs on CoinGecko ___________________________________________________________________ Submit your favorite NFTs here for a chance to be featured as our NFT of the Day! ____________________________________________________________________________________

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