Starbucks Partners With Polygon For Web3 “Odyssey” – September 12

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $22,201

Bitcoin price broke the $22,000 mark to begin the new week, with price currently sitting around the level Monday.

Top-20 altcoins are mostly up over the last 24 hours, however Ethereum is down 3% as Merge hype cools off. Solana has rallied 7%, while BNB remains unchanged.

Top Stories for September 12, 2022 πŸ”₯

πŸ‘‰ Starbucks Partners With Polygon For Web3 “Odyssey”

Starbucks has partnered with Polygon for its new web3 “odyssey” – a loyalty program initiative involving digital collectible stamps as NFTs.

Members of the Starbucks Rewards loyalty program will be able to purchase the NFTs, which will unlock access to “immersive coffee experiences,” including unique merchandise, artist collaborations and invitations to exclusive events.

Customers and partners can join the waitlist for the program beginning today, with the initiative launching later this year.

πŸ‘‰ White House Releases Crypto Mining Report

The Biden administration has released its new crypto mining report, detailing the pros and cons on Bitcoin mining in 45 pages written by the Office for Science and Technology Policy (OSTP).

The report drew more positive feedback than expected, with content highlighting the positive potential of Bitcoin mining – despite some OSTP attempts to debunk miners’ arguments. It did conclude, however, that crypto mining uses “a significant and growing amount of electricity, contributing more climate pollution.”

Further research will determine if measures to environmental impact are sufficient, or if Proof-of-Work will be limited or eliminated.

πŸ‘‰ Report: Five Entities Control 64% Of Staked Ether

A new report published by blockchain analytics firm Nansen concludes that 64% of all staked Ether (ETH) is controlled by five entities, including three centralized exchanges. The largest entity was Lido DAO, controlling almost one-third of all staked ETH.

The report also found that 11% of total circulating ETH is staked, 65% of which is liquid. In total, there are 426,000 validators and 80,000 depositors.