Bitcoin is down .5% at $38,407
Ethereum is down 1% at $2,783
and Binance Coin down 1% at $416

No blockbuster moments from congressional hearing on crypto

Twitter launches verified NFT PFPs

Adidas originals and Prada announce NFT collab.

NYC mayor Eric Adams takes first paycheck in BTC and ETH.

Links:

• Elon Musk on Twitter: "Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?" / Twitter
• adidas for Prada re-source | A co-created digital art project with Zach Lieberman.
• Mayor Adams to Receive First Paycheck in Cryptocurrency | City of New York
• No fireworks at House's Bitcoin mining hearing, but pending climate bills could home in on crypto

Links:

• Incoming NY mayor wants crypto taught in schools
• Andreessen Horowitz Leads $50M Funding Round for Matter Labs
• Blockchain metaverse startups: Unparalleled investment potential

Bitcoin is down .5% at $61,775
Ethereum is down .5% at $4,516
and Binance Coin up 3% at $609

Crypto.com chain up 22%
Chia up 18%
AR Weave up 17%

NYC Mayor-elect Eric Adams is set to take his first three paychecks in Bitcoin.

Square’s Cashapp saw $1.8B in Bitcoin revenue in the third quarter.

A regulator in South Korea says they do not generally view NFTs as virtual assets.

Gaming startup Mythical Games raised a $150M series-C round led by a16z.

Links:

• NFT gaming startup Mythical Games raises $150 million in funding
• Twitter
• Q3 Square Earnings
• S. Korean Regulator Says NFTs Are Not Virtual Assets: Report

Bitcoin is down .5% at $33,495
Ethereum is up slightly at $1,870
and Binance Coin is up .5% at $292

Ecomi up 50%
Celo up 15%
Crypto.com up 15%

El Salvador plans $117M airdrop to citizens.

Ethereum’s hash rate is falling due to mining crackdown.

Eric Adams wants NYC to be crypto hub.

Met police have seized more than $150M in cryptocurrency.

Paraguay University will begin accepting crypto as payment beginning in August.

Links:

• Bitcoin to become legal tender in El Salvador on Sept 7 | Reuters
• NYC will become 'center of bitcoins,' says mayoral lead Eric Adams
• Met makes one of world's largest cryptocurrency seizures - Metropolitan Police
• Paraguay University to Accept Bitcoin, Ether, XRP in August - CoinDesk