{"id":2537,"date":"2020-09-07T16:46:51","date_gmt":"2020-09-07T14:46:51","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=2537"},"modified":"2022-03-15T11:51:13","modified_gmt":"2022-03-15T10:51:13","slug":"crypto-highlights-week-36-total-value-locked-in-defi-jumped-85-in-august-8-billion-in-assets-held","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/2537","title":{"rendered":"Crypto Highlights Week #36 \u2013 Total Value Locked in DeFi Jumped 85% in August, $8 Billion in Assets Held"},"content":{"rendered":"<p><b>Crypto Highlights: <\/b><i>Bitcoin price plunged below 10k, Total value locked in DeFi hits $8 billion, Buterin, Ethereum Developers Focus on Congestion and high Fees, CoinMarketCap Launches CMC Educational Portal: This and more in this week\u2019s crypto highlights.<\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2540\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/1.png.jpg\" alt=\"Crypto Highlights\" width=\"700\" height=\"321\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/1.png.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/1.png-300x137.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/1.png-768x352.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#Top_Headlines_Of_The_Week\" title=\"Top Headlines Of The Week\">Top Headlines Of The Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#Binance_takes_on_DeFi_with_Uniswap_competitor_and_liquidity_mining\" title=\"Binance takes on DeFi with Uniswap competitor and liquidity mining\">Binance takes on DeFi with Uniswap competitor and liquidity mining<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#Buterin_Ethereum_Developers_Focus_on_Congestion_as_Fees_Spike_Over_600_in_1_Month\" title=\"Buterin, Ethereum Developers Focus on Congestion as Fees Spike Over 600% in 1 Month\">Buterin, Ethereum Developers Focus on Congestion as Fees Spike Over 600% in 1 Month<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#Hacker_Hijacks_Twitter_Account_of_Indian_Prime_Ministers_Relief_Fund_Asks_Followers_for_Crypto\" title=\"Hacker Hijacks Twitter Account of Indian Prime Minister\u2019s Relief Fund, Asks Followers for Crypto\">Hacker Hijacks Twitter Account of Indian Prime Minister\u2019s Relief Fund, Asks Followers for Crypto<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#More_Crypto_Highlights\" title=\"More Crypto Highlights\">More Crypto Highlights<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#Total_Value_Locked_in_DeFi_Jumped_85_in_August_8_Billion_in_Assets_Held\" title=\"Total Value Locked in DeFi Jumped 85% in August, $8 Billion in Assets Held\">Total Value Locked in DeFi Jumped 85% in August, $8 Billion in Assets Held<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#CoinMarketCap_Launches_CMC_Alexandria_Educational_Portal\" title=\"CoinMarketCap Launches CMC Alexandria Educational Portal\">CoinMarketCap Launches CMC Alexandria Educational Portal<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#Exclusive_From_SaTT\" title=\"Exclusive From SaTT\">Exclusive From SaTT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#SaTT_Breaks_the_Bank_With_1_Million_Collected_in_48_Hours_-_The_ICO_Race_Is_Back\" title=\"SaTT Breaks the Bank With $1 Million Collected in 48 Hours \u2013 The ICO Race Is Back?\">SaTT Breaks the Bank With $1 Million Collected in 48 Hours \u2013 The ICO Race Is Back?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#Top_Blockchain_Adoption_Of_The_Week\" title=\"Top Blockchain Adoption Of The Week\">Top Blockchain Adoption Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#US_Antitrust_Chief_Says_Protecting_Blockchain_From_Competitive_Abuses_Is_Top_Priority\" title=\"US Antitrust Chief Says Protecting Blockchain From Competitive Abuses Is Top Priority\">US Antitrust Chief Says Protecting Blockchain From Competitive Abuses Is Top Priority<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/satt-token.com\/blog\/archives\/2537\/#3_Reasons_Bitcoin_Price_Suddenly_Plunged_7_liquidating_100M_in_longs\" title=\"3 Reasons Bitcoin Price Suddenly Plunged 7%, liquidating $100M in longs\">3 Reasons Bitcoin Price Suddenly Plunged 7%, liquidating $100M in longs<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Headlines_Of_The_Week\"><\/span><b>Top Headlines Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><strong>It seems DeFi is here to stay as the decentralized finance ecosystem has swelled considerably in value. Since the first week of August, the TVL in DeFi surged over 85% in 27 days from $4.2 billion to $7.88 billion on August 30.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>According to one U.S. Department of Justice (DoJ) official, blockchain deserves the full protection of antitrust law seeing it can effectively threaten monopolies.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>Hackers on the rampage as reports from Nikkei Asian Review reveal that the twitter account of Modi&#8217;s personal website known as the Prime Minister\u2019s National Relief Fund (PMNRF) has been attacked.<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top Stories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Binance_takes_on_DeFi_with_Uniswap_competitor_and_liquidity_mining\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/binance-takes-on-defi-with-uniswap-competitor-and-liquidity-mining?utm_source=Telegram&amp;utm_medium=social\" target=\"_blank\" rel=\"noopener\"><b><i>Binance takes on DeFi with Uniswap competitor and liquidity mining<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2539\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/DeFi2.png\" alt=\"Crypto Highlights\" width=\"700\" height=\"443\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/DeFi2.png 570w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/DeFi2-300x190.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">With its most recent automated market maker dubbed Binance Liquid Swap, Binance is progressively delving into the world of DeFi-style products. Aimed directly at <\/span><a href=\"https:\/\/cointelegraph.com\/news\/yield-farming-frenzy-pushes-uniswap-daily-volume-over-1-billion\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Uniswap<\/span><\/a><span style=\"font-weight: 400;\"> and its clones, Binance will launch an AMM liquidity pool that allows users to provide liquidity by depositing tokens.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It will also enable users to earn interest in addition to a cut of the trading fees for the pool. This pioneer <\/span><a href=\"https:\/\/cointelegraph.com\/explained\/uniswap-and-automated-market-makers-explained\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">AMM pool product<\/span><\/a><span style=\"font-weight: 400;\"> will be integrated into the Binance.com exchange. Binance announced that this product will use a pricing module instead of an order book.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company is prioritizing liquidity for its tokens so the first pools on launch will be USDT\/BUSD, BUSD\/DAI, and USDT\/DAI. The company said the blockchain was optimized for DeFi, with low-cost transaction fees as cheap as 1 cent.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buterin_Ethereum_Developers_Focus_on_Congestion_as_Fees_Spike_Over_600_in_1_Month\"><\/span><a href=\"https:\/\/www.coindesk.com\/ethereum-fees-soaring-congestion-developers-buterin\" target=\"_blank\" rel=\"noopener\"><b><i>Buterin, Ethereum Developers Focus on Congestion as Fees Spike Over 600% in 1 Month<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2541\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Buterin.jpg\" alt=\"Crypto Highlights\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Buterin.jpg 2000w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Buterin-300x200.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Buterin-1024x682.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Buterin-768x512.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Buterin-1536x1024.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">It appears that the brains behind ETH are turning their focus back to the current version of the network after months of focus on the upcoming Ethereum 2.0 release, to address exponential fee growth. The surge in fees is being driven by the explosion of <\/span><a href=\"https:\/\/messari.io\/article\/decentralized-finance-defi\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">DeFi<\/span><\/a><span style=\"font-weight: 400;\"> applications on Ethereum.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Average network fees reached $15.21 on Wednesday, up 660% from $2 a month ago. Ethereum&#8217;s median fees also spiked nearly 900% over the same period, reaching $8.95. Ethereum co-founder Vitalik Buterin released his <\/span><a href=\"https:\/\/github.com\/ethereum\/EIPs\/blob\/master\/EIPS\/eip-2929.md\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Ethereum Improvement Proposal (EIP) 2929<\/span><\/a><span style=\"font-weight: 400;\"> that proposes making certain heavy contracts more expensive by a factor of three.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Contracts affected would be those that update the Ethereum state. As the world awaits the operation of this proposal which is also dependent on approval from the ETH community, individual developers need to incorporate their own individual scaling solutions.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Hacker_Hijacks_Twitter_Account_of_Indian_Prime_Ministers_Relief_Fund_Asks_Followers_for_Crypto\"><\/span><a href=\"https:\/\/www.coindesk.com\/hacker-hijacks-twitter-account-of-indian-prime-ministers-relief-fund-asks-followers-for-crypto\" target=\"_blank\" rel=\"noopener\"><b><i>Hacker Hijacks Twitter Account of Indian Prime Minister\u2019s Relief Fund, Asks Followers for Crypto<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2543\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Modi-1.jpg\" alt=\"Crypto Highlights\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Modi-1.jpg 1280w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Modi-1-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Modi-1-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Modi-1-768x432.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Reports from <\/span><a href=\"https:\/\/asia.nikkei.com\/Politics\/Indian-PM-Modi-target-of-Twitter-hack-soliciting-relief-funds\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Nikkei Asian Review<\/span><\/a><span style=\"font-weight: 400;\"> revealed that the Twitter account of Modi&#8217;s website known as the Prime Minister\u2019s National Relief Fund (PMNRF) has been attacked. Strings of tweets were posted by hackers asking the PMNRF&#8217;s 2.5 million followers to donate to the relief fund using crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is unclear whether funds were sent to a private wallet address or how much may have been siphoned off.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Funds from the PMNRF which are usually in fiat currency are generally used to provide relief to families of those killed in natural disasters.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The event follows the <\/span><a href=\"https:\/\/www.coindesk.com\/hackers-take-over-prominent-crypto-twitter-accounts-in-simultaneous-attack\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">recent hacks-<\/span><\/a><span style=\"font-weight: 400;\"> masterminded by Graham Ivan Clark and two others- that compromised several high-profile accounts, including those of U.S. Democratic Presidential nominee Joe Biden, Tesla&#8217;s Elon Musk, Kanye West, and Kim Kardashian to mention a few.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"More_Crypto_Highlights\"><\/span><strong>More Crypto Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Total_Value_Locked_in_DeFi_Jumped_85_in_August_8_Billion_in_Assets_Held\"><\/span><a href=\"https:\/\/news.bitcoin.com\/total-value-locked-in-defi-jumped-83-in-august-8-billion-in-assets-held\/\" target=\"_blank\" rel=\"noopener\"><b><i>Total Value Locked in DeFi Jumped 85% in August, $8 Billion in Assets Held<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2544\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Defi-locked.jpg\" alt=\"DeFi Locked \" width=\"700\" height=\"410\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Defi-locked.jpg 1450w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Defi-locked-300x176.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Defi-locked-1024x600.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Defi-locked-768x450.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">It appears that DeFi has come to stay as the decentralized finance (DeFi) ecosystem has swelled considerably in value. Since the first week of August, the total value locked in DeFi jumped over 85% in 27 days from $4.2 billion to $7.88 billion on August 30.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total value locked <\/span><a href=\"https:\/\/defipulse.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">(TVL)<\/span><\/a><span style=\"font-weight: 400;\"> in the decentralized finance (DeFi) economy is nearing $8 billion in value, as crypto funds have poured into the surrounding infrastructure. Statistics from DeFipulse.com show that the current TVL on Sunday, August 30, 2020, is $7.8 billion. The DeFi lending platform <\/span><a href=\"https:\/\/news.bitcoin.com\/aave-protocol-outpaces-maker-with-1-4b-locked-defi-project-granted-uk-electronic-money-license\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Aave<\/span><\/a><span style=\"font-weight: 400;\"> makes up 21.86% of that value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aave is followed by MakerDAO who captures 31.9% of the dominance. Another DeFi project that has been making waves is the YFI. It lets users leverage a variety of DeFi applications like Curve, Aave, and Compound.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"CoinMarketCap_Launches_CMC_Alexandria_Educational_Portal\"><\/span><a href=\"https:\/\/cryptodaily.co.uk\/2020\/09\/coinmarketcap-launches-cmc-alexandria-educational-portal\" target=\"_blank\" rel=\"noopener\"><b><i>CoinMarketCap Launches CMC Alexandria Educational Portal<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2545 size-full\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/CMC.png\" alt=\"CoinMarket Cap Launch New Initiative\" width=\"512\" height=\"250\" title=\"\"><\/p>\n<p><span style=\"font-weight: 400;\">CoinMarketCao is not only a leading data aggregator but with its launch of <\/span><a href=\"https:\/\/coinmarketcap.com\/alexandria\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CMC Alexandria<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\"> is scaling to include the information that cryptocurrency users need about how space works, emerging new technologies and trends, etc.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Newbies have access to a new glossary that allows users to stay up to date on new terms right as they hit the Twitterverse. CMC Alexandria also hosts a series of articles on \u201cCrypto Basics,\u201d which break down the building blocks of the new technologies for newbies. Cryptocurrency enthusiasts may now access \u201cHow-to Guides,\u201d and \u201cTech Deep Dives\u201d to find exhaustive guides on the emerging new technologies.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CoinMarketCap is starting its online library with the same lofty goal of those original libraries of Alexandria back in the second century BCE:&nbsp; The Library of Alexandria was the world\u2019s first known attempt to create a universal library. To check out \u201cCoinMarketCap Alexandria\u201d click: coinmarketcap.com\/alexandria&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exclusive_From_SaTT\"><\/span><b>Exclusive From SaTT<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"SaTT_Breaks_the_Bank_With_1_Million_Collected_in_48_Hours_-_The_ICO_Race_Is_Back\"><\/span><a href=\"https:\/\/www.newsbtc.com\/2020\/09\/05\/satt-breaks-the-bank-with-1-million-collected-in-48-hours-the-ico-race-is-back\/\" target=\"_blank\" rel=\"noopener\"><b><i>SaTT Breaks the Bank With $1 Million Collected in 48 Hours \u2013 The ICO Race Is Back?<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2546\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Satt-1.jpg\" alt=\"Crypto Highlights\" width=\"700\" height=\"259\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Satt-1.jpg 851w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Satt-1-300x111.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Satt-1-768x284.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">SaTT has big news this week for the weekly crypto highlights. We have once again proven that ICO isn\u2019t yet a lost word as SaTT ICO raised a record of $1 million in 48hours. Since the 2017 ICO rush, most projects have struggled to raised funds via ICO which has caused most of them to fall back to IEO, but the narrative has been strongly rewritten by SaTT.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The massive interest shown by investors towards the SaTT solution is overwhelming and is a crystal-clear proof that we have got a strong community rallying behind the success of SaTT.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The just-concluded SaTT ICO is a huge milestone for us and a step further towards exchange listing. In two weeks\u2019 time, we will be sharing information regarding the listing of SaTT cryptocurrency on major exchanges, please stay tuned by following our Twitter handle for more information in the coming days.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SaTT Solution remain committed to enabling social media users to become an influencer for business brands and be able to monetize their publications via YouTube, Facebook, Twitter, and Instagram. You are a <\/span><a href=\"https:\/\/finance.yahoo.com\/news\/paid-automatically-satt-post-now-113000503.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">click away<\/span><\/a><span style=\"font-weight: 400;\"> from learning more about the SaTT solution and what we have been building.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Top_Blockchain_Adoption_Of_The_Week\"><\/span><b>Top Blockchain Adoption Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"US_Antitrust_Chief_Says_Protecting_Blockchain_From_Competitive_Abuses_Is_Top_Priority\"><\/span><a href=\"https:\/\/www.coindesk.com\/antitrust-blockchain-competitive-abuses\" target=\"_blank\" rel=\"noopener\"><b><i>US Antitrust Chief Says Protecting Blockchain From Competitive Abuses Is Top Priority<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2548\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Anti-trust.jpg\" alt=\"Crypto Highlights\" width=\"700\" height=\"335\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Anti-trust.jpg 1078w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Anti-trust-300x144.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Anti-trust-1024x490.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Anti-trust-768x368.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">One U.S. Department of Justice (DoJ) official said blockchain deserves the full protection of antitrust law seeing it can effectively threaten monopolies. The Assistant Attorney-General at the DoJ&#8217;s Antitrust Division Makan <\/span><a href=\"https:\/\/www.justice.gov\/opa\/speech\/file\/1310506\/download\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Delrahim<\/span><\/a><span style=\"font-weight: 400;\"> said blockchain could prevent or limit the concentration of market power, improving competition in a whole host of industries.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He continued that the Antitrust Division should try to understand how businesses are implementing blockchain solutions as well as the possible effects it could have on market competition. He iterated that the sharks could try to stop or limit the potential of blockchain solutions so they can maintain market-dominant positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Delrahim added that critical questions remain, such as whether existing intermediaries have any place at all within a blockchain-based market system.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"3_Reasons_Bitcoin_Price_Suddenly_Plunged_7_liquidating_100M_in_longs\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/3-reasons-bitcoin-price-suddenly-plunged-7-liquidating-100m-in-longs?utm_source=Telegram&amp;utm_medium=social\" target=\"_blank\" rel=\"noopener\"><b><i>3 Reasons Bitcoin Price Suddenly Plunged 7%, liquidating $100M in longs<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2549\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Bitcoin-down.jpg\" alt=\"Bitcoin plunge down 7%\" width=\"700\" height=\"438\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Bitcoin-down.jpg 1000w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Bitcoin-down-300x188.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Bitcoin-down-768x480.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In less than 2 hours on the 3rd of September, a whopping $100 million worth of longs liquidated as the price of <\/span><a href=\"https:\/\/cointelegraph.com\/bitcoin-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BTC<\/span><\/a><span style=\"font-weight: 400;\"> dropped by 7%. On BitMEX alone, the drop wiped out nearly $99 million worth of longs. The following factors influenced this drop: <\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-may-spark-war-of-miners-1-day-pool-outflows-hit-18m\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Miner outflows<\/span><\/a><span style=\"font-weight: 400;\">, the strength of the U.S. dollar, and major resistance.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, large-scale mining pools are sending higher-than-normal amounts of BTC to exchanges in recent days to sell their Bitcoin holdings, thereby adding selling pressure to the markets. Also, the USD has rallied against other reserve currencies.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It showed particularly strong momentum against the Euro. The European Central Bank warned that the Euro has become too expensive. This rattled the markets, causing a euro sell-off as investors feared the imposition of restrictions. To this end, both Bitcoin and gold declined sharply.&nbsp;<\/span><\/p>\n<p><b>Crypto Meme Of The Week<\/b><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2550\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/meme.png.jpg\" alt=\"Weekly Crypto Meme\" width=\"700\" height=\"393\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/meme.png.jpg 685w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/meme.png-300x169.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>We hope you enjoyed this week&#8217;s edition of crypto highlights. For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2020\/08\/25\/crypto-highlights-week-34-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: Bitcoin price plunged below 10k, Total value locked in DeFi hits $8 billion, Buterin, Ethereum Developers Focus on Congestion and high Fees, CoinMarketCap Launches CMC Educational Portal: This and more in this week\u2019s crypto highlights. Top Headlines Of [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-2537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/2537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=2537"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/2537\/revisions"}],"predecessor-version":[{"id":11045,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/2537\/revisions\/11045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/2553"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=2537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=2537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=2537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}