Daily Crypto News 31 August
08-31-2021Altcoin
Cointelegraph reported that institutional inflows into investment products for altcoins continued to increase over the past week, in contrast to those for bitcoin. Total inflows of $ 24 million to investment products based on altcoins have been identified. ETH products posted a weekly inflow of $ 17.2 million as Ethereum and other altcoin products now account for 32% of total assets.
NFT
The executives of Singapore-based fund manager Three Arrows Capital (3AC) have launched a fund focused on collecting first-class digital art in the form of nonfungible tokens (NFTs), Cointelegraph reported. The fund, called Starry Night Capital, was founded by Three Arrows Capital CEO Su Zhu. Zhu, Davies, and Van Dough appear to have already teamed up to purchase nonfungible art together.
DeFi
Avalanche is the latest core layer added to the decentralized financing aggregator (DeFi) OpenOcean, Coindesk reported. The main function is to connect decentralized and centralized exchanges in the networks supported by it, with automated search for the best deals. Also in July, OpenOcean added Ethereum layer 2 Polygon.
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