Cryptocurrency Market Update on August 14th 📉Market Stats 💸Market capitalization: $1.17 billion 📈Index Value: 50 💱Sentiment: Greed 💰Volume 24h: $21.54 billion 📰News update ➡️Justin Sun-linked wallet parks funds in MakerDAO after Dai yield hike A crypto wallet tied to Justin Sun transferred large amounts of crypto into a new address before parking the funds into MakerDAO. ➡️Bakkt brings focus back to crypto custody in Q2 earnings Crypto services firm Bakkt is refocusing on crypto custody as a key business priority, aiming to address the need for secure storage of digital assets after recent market events. ➡️Kraken outpaces Coinbase as most liquid US exchange for altcoins Kraken’s market share among exchanges supporting USD deposits has risen to 21.1% in July from 8.3% in August 2022, attributed to its improved offering including Kraken Pro, despite a general industry-wide decline in trading volumes. ➡️Circle's Jeremy Allaire says web3 is going mainstream Circle’s Jeremy Allaire says that its programmable wallet launch is just one way the firm is doubling down on web3 services. Details: https://medium.com/kingdomstarter/cryptocurrency-market-update-on-august-14th-f497bdc418b7