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Turns Out Vitalik's Salary Isn’t What We Thought 🤨

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coinmarketcap.com

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spotlight@newsletters.coinmarketcap.com

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Wed, Aug 28, 2024 11:13 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRosYtTP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTJ1bGNuZzVscmszbVcDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 28 Aug 2024 11:10 UTC "Very mindful, very demure" — said no one ever about crypto. While Bitcoin's been stuck in what seems to be a range, the rest of the crypto world is anything but zen. AI tokens, in particular, are making some serious noise. They're basking in Nvidia's success like it's their own personal spotlight. They might be onto something. But let's pump the brakes for a second. We've all been around long enough to know that in crypto, today's golden child can quickly become tomorrow's cautionary tale. That's why keeping your finger on the pulse isn't just smart — it's crucial. Speaking of which, we've got a whole buffet of crypto news to dig into today. Here is a quick TLDR: - Nvidia's AI boom sends crypto tokens soaring. Whales are panic-buying some AI tokens - but [which ones](~/AAQRxQA~/RgRosYtTP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYWktY3J5cHRvLXRva2Vucy1tYXJrZXQtY2FwLXN1cmdlLWFzLW52aWRpYS1pcy1zZXQtdG8tYW5ub3VuY2UtZWFybmluZ3M_bGlkPXY1eWt4NDNtOXo5ZFcDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)? - DeFi giant Maker rebrands as Sky, rewarding some users and aiming for mass adoption. But [who is](~/AAQRxQA~/RgRosYtTP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZGVmaS1wcm90b2NvbC1tYWtlci1yZWJyYW5kcy1hcy1za3ktZGFpLXN0YWJsZWNvaW4taXMtbm93LXVzZHM_bGlkPXVmcTNrd2x2dnRheFcDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) eligible for these rewards? - Sony launches Ethereum L2 network Soneium. [Any plans](~/AAQRxQA~/RgRosYtTP0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29ueS1sYXVuY2hlcy10ZXN0bmV0LWFuZC1pbmN1YmF0aW9uLXByb2dyYW0tZm9yLWl0cy1ldGhlcmV1bS1sYXllci0yLXNvbmVpdW0_bGlkPTdnNGw4bHo5Nnpnb1cDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) to launch PlayStation-exclusive games on blockchain? - Base, Coinbase's L2, hits 1 million daily users. What about the entire ecosystem? [Is it](~/AAQRxQA~/RgRosYtTP0SKaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbGF5ZXItMi1uZXR3b3JrLWJhc2UtcmVhY2hlcy1rZXktbWlsZXN0b25lLXN1cnBhc3NpbmctMW0tZGFpbHktYWN0aXZlLWFkZHJlc3Nlcz9saWQ9OXc0emQ2MDM2ZmI4VwNzcGNCCma7UwbPZobdaq9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)getting the boost? - Vitalik Buterin reveals Ethereum Foundation's 2023 spending. And we finally know [how much](~/AAQRxQA~/RgRosYtTP0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJldW0tZm91bmRhdGlvbi1yZXZlYWxzLTIwMjMtc3BlbmRpbmctYnJlYWtkb3duLWFtaWQtY29tbXVuaXR5LXNjcnV0aW55P2xpZD00YjVqZmgwdmxmeDZXA3NwY0IKZrtTBs9mht1qr1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Vitalik earns monthly. Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.1T ▼3.44% (24h) 24H MARKET VOLUME $94.3B ▲40.87% (24h) BITCOIN’S DOMINANCE 56.07% ▼0.4% (24h) FEAR & GREED INDEX 47 Neutral [Bitcoin] Bitcoin $59,730.35 ▼4.1% (24h) [Ethereum] Ethereum $2,520.26 ▼3.95% (24h) [BNB] BNB $543.12 ▼1.19% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRosYtTP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXM5MHF4cWpoa2E4elcDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRosYtTP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9eXZoZDZkM2swM2czVwNzcGNCCma7UwbPZobdaq9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRosYtTP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1yZzhsajk2dWRyZXdXA3NwY0IKZrtTBs9mht1qr1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRosYtTP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWFja2Y4dG13anNmdlcDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [Wegie] [Wegie](~/AAQRxQA~/RgRosYtTP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲1577.57% [DOGO] [DOGO](~/AAQRxQA~/RgRosYtTP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ28vVwNzcGNCCma7UwbPZobdaq9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲1195.9% [APEmove] [APEmove](~/AAQRxQA~/RgRosYtTP0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2FwZW1vdmUvVwNzcGNCCma7UwbPZobdaq9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲647.94% TOP LOSERS 24H% [GameStop Coin] [GameStop Coin](~/AAQRxQA~/RgRosYtTP0Q2aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2dhbWVzdG9wY29pbi1uZXQvVwNzcGNCCma7UwbPZobdaq9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼99.91% [MOG PEPE] [MOG PEPE](~/AAQRxQA~/RgRosYtTP0QuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21vZy1wZXBlL1cDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼99.77% [Omix] [Omix](~/AAQRxQA~/RgRosYtTP0QxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL29taXhzeXN0ZW1zL1cDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼96.52%     Nvidia's Big Day AI tokens are having their "I told you so" moment. The market cap for AI and big data crypto projects just skyrocketed 79.7% in three weeks. That's not just growth; that's a crypto growth spurt on steroids. Rewind to August 6: AI crypto was in the dumps, bottoming out at $18.21 billion. Bitcoin had just dipped to $49,500, thanks to Japan's surprise interest rate hike. But AI tokens? They bounced back fast! Fast forward to August 25, and we're talking a $38 billion market cap. That's doubling down in crypto speak. The biggest gainers? Near Protocol's sitting pretty at $5.5 billion, Internet Computer's not far behind at $3.8 billion, and the Artificial Superintelligence Alliance is flexing with $3.4 billion. And whales are panic-buying some AI tokens. But which ones? [Read the full story](~/AAQRxQA~/RgRosYtTP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYWktY3J5cHRvLXRva2Vucy1tYXJrZXQtY2FwLXN1cmdlLWFzLW52aWRpYS1pcy1zZXQtdG8tYW5ub3VuY2UtZWFybmluZ3M_bGlkPXozNzY1MjZ6eW85d1cDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   DeFi Giant Rebrands for the Masses Maker Protocol just pulled a crypto Cinderella, transforming into Sky. It's not just a new coat of paint - think of it as a full DeFi glow-up. The star of the show? Dai, the OG decentralized stablecoin, is now USDS. And MKR, Maker's governance token? It's leveled up to Sky (SKY). Rune Christensen, Maker's co-founder, is calling this the "next evolution of DeFi." The goal? Make DeFi so simple that anyone can use it. They're rolling out Sky Token Rewards (STRs) and Sky Savings Rate (SSR) for eligible users. But who is eligible for these rewards? [Read the full story](~/AAQRxQA~/RgRosYtTP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZGVmaS1wcm90b2NvbC1tYWtlci1yZWJyYW5kcy1hcy1za3ktZGFpLXN0YWJsZWNvaW4taXMtbm93LXVzZHM_bGlkPWFwODA2bmwzMWh2YVcDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   EtherFi on Liquid Restaking, Bitcoin & more! [CMC Live: EtherFi on Liquid Restaking, Bitcoin & more!](~/AAQRxQA~/RgRosYtTP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzkyNDE4MTgvP2xpZD0wcWRlMm1hNXNtMTlXA3NwY0IKZrtTBs9mht1qr1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) EtherFi, a major player in Ethereum Restaking, has launched eBTC, their Bitcoin LRT. This CMCLive event celebrates CoinMarketCap's new Rehypothecated Assets category launch. [Join Us Soon](~/AAQRxQA~/RgRosYtTP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzkyNDE4MTgvP2xpZD0zdzIycmo4djUzcm9XA3NwY0IKZrtTBs9mht1qr1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Sony's Goes Blockchain! Another good news is Sony's diving into the blockchain pool with its new Ethereum L2, Soneium. They've just fired up the "Minato" testnet, and it's not just another tech experiment. This isn't a solo mission. Sony Block Solutions Labs is behind the wheel. And they've got Astar Network riding shotgun, bringing the initial liquidity and digital assets. So what’s the big deal? With 900 million devices out there and an entertainment empire that spans movies, TV, music, and PlayStation, Sony's got a ready-made audience for Soneium. So are we going to see PlayStation games on blockchain soon? [Read the full story](~/AAQRxQA~/RgRosYtTP0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29ueS1sYXVuY2hlcy10ZXN0bmV0LWFuZC1pbmN1YmF0aW9uLXByb2dyYW0tZm9yLWl0cy1ldGhlcmV1bS1sYXllci0yLXNvbmVpdW0_bGlkPXZxN3poN2F5YmxwdlcDc3BjQgpmu1MGz2aG3WqvUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   CMC NARRATIVES: GAMEFI GameFi market showing signs of recovery, up nearly +13% this week. 19 out of 20 top gaming tokens gained value, led by WEMIX at +27.20%. Most active games: Pixels, BoomLand, Sweat Economy. GombleGames exploded with an 827% increase in active wallets. Key developments: Apple-Circle partnership, HTC's no-code game creator launch... [Continue Reading.](~/AAQRxQA~/RgRosYtTP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1nYW1lZmktdG9wLTIwLWNyeXB0by1nYW1lcy1ib3VuY2UtYmFjaz9saWQ9ZjJzYXFtazQzODcxVwNzcGNCCma7UwbPZobdaq9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [CMC NARRATIVES: GAMEFI](~/AAQRxQA~/RgRosYtTP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1nYW1lZmktdG9wLTIwLWNyeXB0by1nYW1lcy1ib3VuY2UtYmFjaz9saWQ9azN6enA1czYxZXozVwNzcGNCCma7UwbPZobdaq9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Track larger Meme Coin trends on CMC Narratives: [Track Narrative](~/AAQRxQA~/RgRosYtTP0Q2aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L2dhbWluZz9saWQ9cjFnbmk0M3BtdndiVwNzcGNCCma7UwbPZobdaq9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Base Hits the Big Leagues Coinbase's L2 network, Base, just crashed through the million-user ceiling. We're talking 1.05 million daily active addresses on August 24. That's a 60% jump since August kicked off. So what's fueling this sudden surge? Enter "basenames," Base's answer to the username game. Launched on August 21, the tool gives you your own personalized domain on Base - and it got over 200,000 minted in a week. Credit where credit's due: Base's "Onchain Summer" campaign seems to be paying off big time. They hit 4 million weekly active addresses on August 20. What about the entire ecosystem? Is it getting the boost? Read the [full story](~/AAQRxQA~/RgRosYtTP0SKaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbGF5ZXItMi1uZXR3b3JrLWJhc2UtcmVhY2hlcy1rZXktbWlsZXN0b25lLXN1cnBhc3NpbmctMW0tZGFpbHktYWN0aXZlLWFkZHJlc3Nlcz9saWQ9enlyd3Zma2F0bW45VwNzcGNCCma7UwbPZobdaq9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   XYRO Selected as Incubatee of CMC Labs [XYRO Selected as Incubatee of CMC Labs](~/AAQRxQA~/RgRosYtTP0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUveHlyby1zZWxlY3RlZC1hcy1pbmN1YmF0ZWUtb2YtY21jLWxhYnMtY29pbm1hcmtldGNhcHMtd2ViMy1hY2NlbGVyYXRvci1wcm9ncmFtP2xpZD14ejNlcWJyejlkaDJXA3NwY0IKZrtTBs9mht1qr1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) CoinMarketCap has announced the selection of XYRO as an incubatee of its new CMC Labs accelerator program. [Read More](~/AAQRxQA~/RgRosYtTP0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUveHlyby1zZWxlY3RlZC1hcy1pbmN1YmF0ZWUtb2YtY21jLWxhYnMtY29pbm1hcmtldGNhcHMtd2ViMy1hY2NlbGVyYXRvci1wcm9ncmFtP2xpZD11ZG53Mzc1YXQyYm9XA3NwY0IKZrtTBs9mht1qr1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Vitalik Spills the Beans on 2023 Spending Vitalik Buterin and the Ethereum Foundation just opened their financial kimono, and it's quite a show. After some community grumbling, they've laid out where every ETH went in 2023. The big winner? "New institutions," eating up 36.5% of the pie. But the most interesting part? Vitalik's salary. We finally know how much Vitalik is pulling in. Read the [full story](~/AAQRxQA~/RgRosYtTP0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJldW0tZm91bmRhdGlvbi1yZXZlYWxzLTIwMjMtc3BlbmRpbmctYnJlYWtkb3duLWFtaWQtY29tbXVuaXR5LXNjcnV0aW55P2xpZD1ydmxwaXB4bWl1bHJXA3NwY0IKZrtTBs9mht1qr1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   And that's it for today. 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