With these curated briefings, we hope to give our readers inside access to the ever-evolving world of crypto, and the small part our team at Mudrex is playing in it. We hope this will be a welcome addition to your inbox, and you\u2019ll love reading it as much as we love writing it. <\/p>\n\n\n\n
Why wait for another week? We have the first edition for you right here. And if you’d like to keep up with all the latest news and trends in the world of crypto, subscribe to The Flippening<\/a>!<\/p>\n\n\n\n Ethereum is Burning <\/a><\/strong>\ud83d\udd25<\/p>\n\n\n\n The long-awaited London hard fork is now live. It reforms Ethereum\u2019s fee market mechanism and benefits both users and developers. After EIP-1559, a part of the transaction fee will be burned and removed from circulation. It\u2019s a significant step towards Ethereum 2.0<\/strong> which will ultimately change the network’s consensus algorithm from proof-of-work (PoW) to proof-of-stake (PoS).<\/p>\n\n\n MakerDAO Valuation<\/a><\/strong> \ud83d\ude80 Coinbase acquires Zabo <\/a>\ud83c\ude50<\/strong> The week ending 5th Aug saw 2 digit weekly returns in the majority of the sectors. The leading sector this week was Decentralized Exchanges with 15.68% growth. Uniswap (18.86%) & THORChain(24.30%) were the top-performing assets in this sector. Apart from these, DeFi (15.44%), Web3 (11.88%) and Smart Contract Platforms (11.14%) saw decent returns over the last week.<\/p>\n\n\n We’ll pick one topic related to crypto, trading, or investing every week, and simplify it for you. This week we\u2019ve chosen – Stable Coins<\/p>\n\n\n Stablecoins are cryptocurrencies that use a variety of methods to keep their value fixed while maintaining the security, speed, and low cost of virtual asset transactions. They first came into existence to minimize the impact of the price volatility of cryptocurrencies in trading and act as a bridge to mainstream spending and financial institutions. Now they are beginning to branch out into mainstream banking to ease the cost and burdens of making payments.<\/p>\n\n\n\n There are four basic types of stable coins. The three centralized stable coins are backed by fiat currencies, commodities, or cryptocurrencies, while decentralized ones rely on algorithms and smart contracts to automatically maintain value. To learn more about Stablecoins, read here.<\/p>\n\n\n\n Mudrex Invest helps investors like you to invest in high-performing automated trading algorithms created by some of the best traders in the world. Here are 3 top-performing algorithms from the last week<\/p>\n\n\n\n Ari – Binance LINK<\/a> (+28.56%) That was all for the first edition of The Flippening! We\u2019ll be back next week, with more interesting stuff, until then – here\u2019s a hilarious meme by @MangoLissBNassi<\/a> we found on Twitter. Happy Weekend!<\/p>\n\n\n
\n\n\n\nTop Highlights of the Week (ending 5th Aug)<\/strong><\/h3>\n\n\n\n
![\"Ethereum's](\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/08\/Ethereum-Burning_Mudrex-1-1024x552.png\")
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MakerDAO is now the most successful decentralized stable coin project to come out of DeFi. With a total supply now surpassing $5 billion, DAI has placed itself at the fourth spot of the stable coin market due to its 40x growth in the last year, netting MakerDAO more than $70M in the process. <\/p>\n\n\n\n
Coinbase acquires crypto exchange data aggregator Zabo. Zabo helps users to retrieve balances & transaction histories from several crypto exchanges & wallets seamlessly, and view all their crypto holdings in a single place.<\/p>\n\n\n\n
\n\n\n\n\ud83d\udcb0 Market Performance Overview<\/strong><\/h3>\n\n\n\n
![\"Market](\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/08\/Market-Performance_Mudrex.jpg\")
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\n\n\n\n\ud83d\udcda Crypto Simplified<\/strong><\/h3>\n\n\n\n
![\"\"](\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/08\/Stablecoins-1024x576.png\")
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\n\n\n\n\ud83c\udff7\ufe0f Featured – Top performing Algos on Mudrex Marketplace<\/h3>\n\n\n\n
King ETH<\/a> (22.65%)
Queen ETH Bybit<\/a> (21.26%)<\/p>\n\n\n\n
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![\"Crypto](\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/08\/Crypto-Meme-1-1024x686.png\")
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