CryptoPunk NFT Listed For $90.5M After Buying Frenzy – August 2

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $39,709

Bitcoin price broke the $42,000 mark over the weekend, only to fall back in the $39,000s to begin this week.

Top-20 altcoins are mostly down over the last 24 hours, with Ethereum remaining unchanged, Cardano falling 3% and XRP dropping a little over 1%.

Top Stories for August 2, 2021 πŸ”₯

πŸ‘‰ CryptoPunk NFT Listed For $90.5M After Buying Frenzy

A “CryptoPunk” NFT collectible has been listed for sale at $90.5 million – a possible new record sale if it is accepted by a buyer.

The listing has come directly after an anonymous buyer purchased a whopping 88 CryptoPunk NFTs at once, for a total of $5.5 million. The entire purchase was made within a single block.

CryptoPunks are one of the earliest NFT collections in history, consisting of a total of 10,000 pixelated face designs.

πŸ‘‰ South Korea’s FSC To Shut Down 11 Local Crypto Exchanges

South Korea’s Financial Services Commission (FSC) is reported to be shutting down 11 local cryptocurrency exchanges, due to alleged illegal activity.

Anonymous sources argue that the exchanges will not be able to obtain FSC approval for operation, and that the agency has plans to implement stricter regulations for smaller exchanges within the country.

πŸ‘‰ Square Reports 200% Increase In Revenue, But Takes BTC Impairment Loss

Digital payments company Square has reported a 200% increase in Bitcoin yearly revenue in its Q2 letter to shareholders, rising to $2.72 billion.

Bitcoin gross profit has also taken a huge leap, from $17 million to $55 million. The growth has been attributed to increase in BTC price and rise in customer demand.