Grayscale Sees $217M Influx After Launch of TV Ad Campaign – August 17

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $11,890

Bitcoin price has spent the weekend in a battle with $12,000 resistance, still hovering below the mark to begin the week.

Top-20 altcoins have had an excellent 24 hours of trading, as most coins rise against the dollar. Ethereum is up more than 1%, XRP has risen 5%, and Litecoin has gained 6%.

Stellar and TRON stand out with gains of 12% and 18%, respectively.

Top Stories for August 17, 2020 πŸ”₯

πŸ‘‰ Grayscale Sees $217M Influx After Launch of TV Ad Campaign

Grayscale Investments has reported record-breaking investment of $127M during the week its TV advertisement campaign went live.

The figure marks its highest weekly investment into Grayscale’s cryptocurrency products to date.

Grayscale’s adverts were shown across several American TV channels including FOX, FOX Business, CNBC and MSNBC.

πŸ‘‰ Aave and Curve Each Hit $1B in Total Value Locked

Aave and Curve have become the second and third DeFi protocols, respectively, to reach $1 billion in total value locked.

Curve launched its CRV token and governance platform ahead of schedule last week, following a bizarre early deployment of their open-source smart contracts by an anonymous developer.

Total value locked across all DeFi protocols has now crossed $6 billion, according to DeFi Pulse.

πŸ‘‰ Bitcoin Tokenization is Outpacing Bitcoin Mining During DeFi Craze

Statistics have arisen showing that Bitcoin is being tokenized for use on the Ethereum network, at a faster pace than Bitcoins are currently being mined.

According to the reported figures, 6,785 Bitcoins have been tokenized since August 9, with only 5,738 being mined in the same period.

Wrapped Bitcoin, known by its ticker WBTC, is the primary means of tokenizing Bitcoin for Ethereum, accounting for 75% of all Ethereum-based Bitcoin tokens.