Ethereum’s London hard fork went live yesterday, and its effects are already underway, with over 4,200 ETH already being burned. The network included the Etheruem Improvement Proposal (EIP) 1559, which was designed to simplify how transaction fees are paid.

In late July, cryptocurrency prices started picking up. Month on month, Bitcoin rose 18.3% while Ethereum rose 11.25, but spot trading volumes plummeted by 31.5% to $1.9 trillion during the same period.

Atlanta-based investment firm Invesco, which has $1.3 trillion in assets under management, has filed a third application for an exchange-traded fund (ETF). The filing would be the firm’s first offering to give potential investors exposure to bitcoin.

Sponsored: With so much success among crypto holders, MiniDOGE finally got listed popular cryptocurrency tracking platforms including CryptoCompare. MiniDOGE is a fresh new token developed with an integrated AutoBoost - the sales are automatically followed with a buy to prevent large auctions.

Top stories in the Crypto Roundup today:

• Ethereum Network Burning $8,000 a Minute After London Hard Fork
• Crypto Spot Volumes Fall to Yearly Low as Open Interest Rises
• Invesco Files to Launch ETF With Bitcoin Exposure
• Coin of the Week: Voyager Token (VGX)
• Sponsored: MiniDOGE is Now Listed on Crypto Data Aggregators

The Ethereum Network is Burning $8,000 a Minute After London Hard Fork

Ethereum’s London hard fork went live yesterday and its effects are already underway, with over 4,200 ETH already being burned. The network included the Etheruem Improvement Proposal (EIP) 1559, which was designed to simplify how transaction fees are paid.

Part of the upgrade mechanism involves burning a portion of transaction fees, effectively removing some ETH from circulation forever. The supply reduction helps reduce Ethereum’s inflation rate and could make it a deflationary asset if the burn rate gets high enough.

According to a burn tracker, since the upgrade the network has been burning around 2.9 ETH per minute, or about $8,000 worth of the cryptocurrency. The burn tracker shows Ethereum hasn’t become a deflationary asset just yet, as 7.2 ETH are being minted per minute.

Since the upgrade occurred, the largest Ethereum burner appears to be non-fungible token (NFT) marketplace OpenSea. It’s followed by decentralized exchange Uniswap, and by popular crypto game Axie Infinity.

Crypto Spot Volumes Fall to Yearly Low as Open Interest Rises

In late July, cryptocurrency prices started picking up. Month on month, Bitcoin rose 18.3% while Ethereum rose 11.25%, however, spot trading volumes plummeted by 31.5% to $1.9 trillion during the same period.

A daily spot volume maximum of $98 billion was traded on July 26, as traders reacted to growing prices. Derivatives trading volumes reached 56.9% of the total cryptocurrency volume, the highest percentage share of total volume since November 2020.

The largest derivatives exchange in July by monthly trading volume was Binance, having traded $1.4 trillion. It was followed by OKEx, which traded $368 billion, and by Bybit, which traded $285 billion.

Aggregate open interest rose for the first time in three months, from a weekly average of $16.4 billion in June to $17.7 billion in July. The rise came as cryptocurrency markets started picking up steam at the end of the month.

Additional insights can be found in our latest Exchange Review, which you can download here. This month’s report is sponsored by EXMO, one of the leading cryptocurrency exchanges in Europe.

Invesco Files to Launch ETF With Bitcoin Exposure

Atlanta-based investment firm Invesco, which has $1.3 trillion in assets under management, has filed a third application for an exchange-traded fund (ETF). The filing would be the firm’s first offering to give potential investors exposure to bitcoin.

According to the filing with the U.S. Securities and Exchange Commission (SEC), the Invesco Bitcoin Strategy ETF would not invest in the cryptocurrency directly, but would seek to have full exposure to bitcoin futures and to other investment vehicles.

These latter assets would include bitcoin exchange-traded notes (ETNs) and ETFs traded outside of the U.S., along with exposure to private investment trusts such as Grayscale’s GBTC. The fund may also invest directly in cash, cash-like instruments, or in high-quality securities.

Earlier this year, Invesco filed for two other crypto-specific ETF applications offering exposure to bitcoin mining companies and to companies with BTC exposure on their balance sheets.

Coin of the week: Voyager Token (VGX)

The Voyager token (VGX), which also uses the BQX ticker on some exchanges, has outperformed most other cryptocurrencies throughout the week, and is up well over 1,000% over the last 12 months thanks to a steady inflow of new users achieved through partnerships and acquisitions.

In late 2019 Voyager partnered with the Celsius network to manage a portion of its client's assets, and in early 2020 it acquired the Circle Invest application, which had over 40,000 active accounts. These new Voyager app users contributed to the token’s growth.

What is Voyager (VGX)?

The Voyager Token is the native cryptocurrency of the Voyager cryptocurrency broker, which provides investors with secure access to cryptocurrencies with a solution that allows them to get the best price on their assets out of several cryptocurrency exchanges.

Through a smart order routing mechanism that connects to over a dozen cryptocurrency trading platforms and takes advantage of prices discrepancies, Voyager users can get the best price on their cryptoassets. In 2019 Voyager launched a mobile application for the service.

The Voyager Token (VGX) is used to reward users within the company’s ecosystem. VGX also allows users to earn interest on their cryptocurrency holdings and offers cashback rewards and other services. Part of this offering is associated with the Celsius Network partnership.

MiniDOGE is Now Listed on Crypto Data Aggregators

With so much success among crypto holders, MiniDOGE finally got listed popular cryptocurrency tracking platforms including CryptoCompare.

Even though MiniDOGE is a very young token, it already hit four milestones, making it one of the world’s fastest-growing cryptocurrencies. Just look at these numbers:

• Over 55,000 holders in just three days after its official launch;
• $1,500,000 worth of tokens sold in less than 15 minutes in the presale;
• $300,000,000 Market Cap after just three days;

And if it wasn’t enough, this week, MiniDOGE found its way to the Billboard in New York Times Square. Why are people so hyped over it? Let’s find out!

MiniDOGE Summary 

MiniDOGE is a fresh new token developed with an integrated AutoBoost - the sales are automatically followed with a buy to prevent large auctions.

The project is so well seen because of its initiative to change the lives of shelter animals for the better. A part of each token investment will be distributed to animal shelters around the world. 

And to successfully convey the right message, the token comes with its own personified story. MiniDOGE is a small puppy that had to find the courage to get back to her family who lost her. After she was safe again, she started helping other animals find their family too.

MiniPETS become NFTs

The MiniDOGE team is committed to making people aware of the challenges of shelter animals.  Thus, they launched a lovely mobile game, which allows you to raise orphaned MiniPETS and find them a proper home.

The MiniPETS take the form of NFTs so that they can be bought, built, and sold via the IOS platform. You can also get MiniDOGE tokens by accomplishing your daily activities and use them to make your pet look the best. Give him fresh clothes, snacks, toys and teach him spectacular tricks.

As your pet is happier, healthier, and stronger, the more value it has as an NFT.

You can buy MiniDOGE in just four steps

1. Get your own Trust Wallet;
2. Get BNB/BSC and fund your Trust Wallet;
3. Use PancakeSwap to enable the trust browser;
4. Exchange your cryptocurrencies for MiniDOGE.

Important: You should always combine multiple sources of information and analysis before making an investment and seek independent expert financial advice.

Get to know more

To always be up to date with MiniDOGE future tech and perks, follow the team on Social Media, and join the movement:

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