Italian high-end fashion giant Gucci has become the first major brand to accept payments in the Bored Ape Yacht Club affiliated ApeCoin (APE). The move was announced on August 1 and could provide the ApeCoin project with significant mainstream exposure along with bringing further utility to the cryptocurrency. Solana price seems to be taking a hit as another exploit targets users' wallets SOL price looks likely to sweep the $42.43 level before taking a U-turn and potentially crashing 25%. A sudden spike in buying pressure that pushes SOL to flip the $47.43 level into a support floor will invalidate the bearish thesis. MicroStrategy took a non-cash digital impairment charge of $917.8 million in the second quarter of 2022, according to its Q2 2022 earnings call on Tuesday. An impairment charge describes a drastic reduction or loss in the recoverable value of an asset. Nansen, one of the industry's leading blockchain data and analytics platforms, released a report Tuesday detailing the flow of Ethereum raised through NFT mints in 2022. The "NFT Sales: Where did the ETH go?" report builds on Nansen's which revealed that most funds raised through NFT mints "were moved into non-entity wallets." You can find these stories and more at the link below:
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