Arbitrum Testing Nitro Upgrade, Mainnet Release On The Way – July 29

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $23,735

Bitcoin price has not yet managed to break through resistance at $24,000, as price continues to hover just below the level.

Top-20 altcoins have mostly cooled off from their recovery rallies, as Ethereum drops 3%, XRP drops 2% and BNB stands out with a 7% gain.

Top Stories for July 29, 2022 πŸ”₯

πŸ‘‰ Arbitrum Testing Nitro Upgrade, Mainnet Release On The Way

Leading Ethereum Layer-2 scaling platform Arbitrum is currently testing its “Nitro” upgrade, with a mainnet release to come if successful.

Nitro is designed to increase transaction throughput and decrease costs on the platform, taking the platform to several times the Ethereum base layer’s capacity.

Arbitrum currently ranks #1 in total value locked (TVL) for optimistic rollup scaling platforms, as well as #7 across all blockchains in crypto.

πŸ‘‰ KuCoin Becomes First Exchange To Offer NFT ETFs

KuCoin has become the first major crypto exchange to offer NFT exchange-traded funds (ETFs), as it launches the products in partnership with Fracton Protocol.

The ERC-20 tokens in the ETFs each represent a 1/1,000,000 ownership in the underlying assets, enabling users to invest in expensive NFT collections at just a fraction of the cost required to buy an item outright.

πŸ‘‰ Celsius Client Emails Leaked, Users Face Phishing Risks

Celsius users have been advised to be on the lookout for phishing scams, as the firm reveals some consumer information has been leaked in a third-party data breach.

According to Celsius, a list of user emails has been leaked by an employee at one of its messaging vendors, The number of emails leaked has not been disclosed.