Mark Zuckerberg, CEO of Meta (formerly Facebook), believes it is in a deep, philosophical competition to build a metaverse world with Apple, according to The Verge, which said it had listened to internal meeting recordings. He further believes that Meta competes with Apple and that the company would try to position itself as the more open and cheaper alternative to Apple.
“This is a competition of philosophies and ideas, where they believe that by doing everything themselves and tight integration, they are building a better consumer experience,” Mark Zuckerberg said in the internal meeting.
Zuckerberg says Meta is in “very deep, philosophical competition” with Apple to build the metaverse pic.twitter.com/wCvye8KmoE
— The Verge (@verge) 26 July 2022
In another development, Alex Bornyakov, Deputy Minister of Digital Transformation of Ukraine, believes that despite the current crypto bear market, crypto is essential for Ukraine’s defense.
“Despite the ‘bear market’, crypto has become an important tool for Ukraine’s defense, providing flexibility and speed that literally saved the lives of our soldiers. Every crypto winter leads to a crypto spring, but the industry is here to stay,” he said in a Twitter posts.
According to Tweets by Bornyakov, since the beginning of the war between Russia and Ukraine, over $135 million was raised by Ukraine through crypto-donations. Various media also report that Ukraine has raised around $1.2 million through the sale of non-fungible tokens (NFT).
Despite the “bear market”, crypto has become an important tool for Ukraine’s defense, providing flexibility and speed that literally saved the lives of our soldiers. Every “crypto winter” leads to a “crypto sheep,” but the industry is here to stay. https://t.co/Zhu93vso5T
— Alex Bornyakov (@abornyakov) 26 July 2022
Cryptocurrency prices
The global crypto market cap was up 0.68 percent to $972.46 billion at 8:50 a.m. However, global crypto volume was down 16.05 percent to $63.15 billion, according to Coinmarketcap data.
Bitcoin (BTC), the world’s oldest cryptocurrency, traded at $21,152.27, up 0.33 percent in the last 24 hours. Ethereum (ETH) was up 0.63 percent to $1,430.69.
Among other notable coins, Cardano (ADA) was down 0.9 percent to $0.464, Algorand (ALGO) was trading with a loss of 0.66 percent to $0.3074, Solana (SOL) fell 0.93 percent to $36, 05, Polkadot (DOT) was down 0.01 percent to $6.69, and Binance Coin (BNB) rose 4.16 percent to $252.58.
The day’s biggest gainer was TerraClassicUSD (USTC), which was up 16.05 percent to $0.03897. The biggest loser was Convex Finance (CVX), which fell 5.92 percent to $6.03.
Meme coin and defi prizes
Dogecoin (DOGE) was up 0.59 percent to $0.06212. Its volume to market capitalization ratio is 0.04607. Rival Shiba Inu (SHIB) was up 1.52 percent to $0.00001064.
Dogelon Mars (ELON) rose 0.25 percent to trade at $0.0000003218, Floki Inu (FLOKI) lost 1.06 percent to $0.000009971, and Samoyed Coin (SAMO) lost 1.75 percent to $0.009593.
In the DeFi segment, YFI (yearn.finance) was up 1.95 percent to $6,703.54, and Terra Classic (LUNC) traded up 3.88 percent to $0.00009472. Avalanche (AVAX) fell 0.97 percent to $20.38, Uniswap (UNI) traded down 2.84 percent to $6.56, and Aave (AAVE) fell 1.47 percent to 79, 61 dollars.
