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

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 up 1% at $44,261
Ethereum is up 3% at $3,147
and Binance Coin is up 1% at $358

ICP up 25%
Uniswap up 15%
VE chain up 15%

Binance US CEO Brian Brooks quit the organization

Elon Musk urges lawmakers considering the infrastructure bill not to pick crypto winners or losers.

The Beijing subway has fully integrated China’s e-CNY.

Blockchain based audio platform Audius is up to 5M monthly users

New York City is looking to blockchain to prevent deed fraud in land sales.

Links:

• Blockchain-Based Music Streaming Service Audius Up to 5M Monthly Users - CoinDesk
• Beijing subway has fully integrated the e-CNY with its payment ecosystem
• Brian Brooks on Twitter: "Greetings #crypto community. Letting you all know that I have resigned as CEO of ⁦⁦⁦@BinanceUS⁩ . Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!" / Twitter
• Elon Musk on Twitter: "@brian_armstrong @MarkWarner Agreed, this is not the time to pick technology winners or losers in cryptocurrency technology. There is no crisis that compels hasty legislation." / Twitter
• New York City to Explore Blockchain for Preventing Deed Fraud in Land Sales - CoinDesk

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

Bitcoin is up .5% at $47,923
Ethereum is up slightly at $1782
and Cardano is up slightly at .92

Top gainers in the last 24 hours:
TheGraph up 64%
Cosmos up 27%
Tron up 16%

Jack Dorsey and Jay Z announced a new endowment called BTrust.

The Indian government is hardening its stance on cryptocurrency.

Andrew Yang says he'll make NYC a BTC hub if elected.

Miami Commission taps breaks on Mayor Francis Suarez's plans.

Links:

• Miami City Hall could start doing business in Bitcoin | Miami Herald
• jack on Twitter: "JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development, initially focused on teams in Africa & India. It‘ll be set up as a blind irrevocable trust, taking zero direction from us. We need 3 board members to start: https://t.co/L4mRBryMJe" / Twitter
• Intent On Ban, India To Give Transition Time To Crypto Investors — BQ Exclusive
• Andrew Yang🧢🗽🇺🇸 on Twitter: "As mayor of NYC - the world’s financial capital - I would invest in making the city a hub for BTC and other cryptocurrencies." / Twitter

Bitcoin is down 14% at 4,560
Ethereum is down 17% at $103
and XRP is down 13% at 13 cents

Top gainers in the last 24 hours:
Energi up 25%
Maidsafe up 18%
Mixin up 17%

Todays headlines:

A New York woman has been sentenced to 13 years in jail for funding the islamic state of isis with crypto.

Wintermute trading saw its most profitable days during the market turmoil due to its trading algorithms and infrastructure.

Zimbabwe’s central bank is now gearing up to be the central regulator for crypto in the country.