Market Watch | Bitcoin | $10,737 | +8.5% | | Ethereum | $319 | +3.6% | | Tether | $1.00 | unch | | XRP | $0.217 | +0.5% | | Top 100 Winner: Elrond | $0.023 | +9.8% | | Top 100 Loser: Ampleforth | $2.01 | -24.9% | Prices are as of 1:45 p.m. ET.
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Forensic crypto analytics company Chainalysis has launched a free public research portal. A vendor for the FBI, ICE, and other government bureaus, Chainalysis has been closed to general public access for years. Its investors include Accel, Benchmark, Sozo Ventures, and Mitsubishi. More: - The new service, Market Intel, provides live data and insights powered by the company's metadata.
- The tool is free to access with basic research functionality.
- Chainalysis reiterates its earlier research that 99% of crypto transactions are not illicit.
Chainalysis 
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 Bitmain co-founder Jihan Wu is accused of illegally transferring 10,000 bitcoin Antminer mining rigs in Mongolia. Chinese publication 8btc highlighted an internal letter from Wu claiming that his co-founder Micree Zhan is responsible for the 10,000 Antminer theft. More: - The feud between Bitmain co-founders Jihan Wu and Micree Zhan has been ongoing since at least October 2019.
- A recently proposed settlement from Micree Zhan is itemized here, which Jihan Wu did not accept.
- Bitmain competitor Canaan is also suffering from in-fighting, where four executives were recently deleted from Canaan's corporate registry: Tu Songhua, Kong Jianping, Li Jiaxuan, and Sun Qifeng.
- Canaan (NASDAQ: CAN) has declined 60% YTD.
- Bitmain is privately held and claims to have been recently buying back equity at a $4b valuation, over 70% down from its $14.5b round in 2018.
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 BCB Group, a European institutional payment servicer, is launching an instant settlement network for cash and crypto. Existing BCB Group clients include Bitstamp, Coinbase, Galaxy, and Kraken. More: - Luxembourg-based exchange Bitstamp will be the first founding partner to go live on the system.
- BCB Liquidity Interchange Network Consortium (BLINC) is a real-time transaction settlement system similar to Silvergate Bank's Exchange Network in the U.S.
- BLINC will initially process euro, British pounds, and Swiss franc transactions.
- BCB already has a London banking relationship with ClearBank, which overtook banking for Coinbase when Barclays ended its relationship last year.
Coindesk
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Cryptocurrency exchange FTX is launching a decentralized exchange (DEX) built on the Solana blockchain. Sam Bankman-Fried, CEO and Founder of FTX, explained the underpinnings of the DEX on Twitter, enumerating several characteristics that are reminiscent of coin offerings. "There's SRM: the Serum token, a SPL (Solana based) token that powers Serum. 100% of net fees go to a burn of SRM, holders get discounts on fees, and SRM can be staked on nodes to help optimize the network's performance. And, my favorite twist, MegaSerum (MSRM): 1,000,000 SRM tokens stacked together, with limited supply and bonus rewards," tweeted Bankman-Fried. More: - FTX's DEX is interoperable with Ethereum and will launch within two weeks.
- Also today, FTX listed Solana's token, SOL.
- SOL is currently trading 24% higher on the news, gaining roughly $7m in market capitalization.
- Centralized exchanges dominate crypto liquidity, with DEXs responsible for less than 1% of global trading activity.
- FTX claims responsibility for over $800m in daily crypto trading liquidity.
The Block Crypto
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Three people involved in PlexCoin's ICO have been charged with fraud. A federal grand jury sitting in Cleveland has advanced an indictment charging Dominic Lacroix, Yan Ouellet, and Sabrina Paradis-Royer, all from Quebec, Canada, with conspiracy to commit securities fraud and wire fraud, wire fraud, and conspiracy to commit money laundering. More: - An entity called PlexCorps conducted the cryptocurrency offering in August 2017.
- ICO whitepaper claimed that investments in PlexCoin could result in a 1,354% return, among other factual errors.
U.S. Dept. of Justice
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Collateral locked within MakerDAO (MKR) contracts crests $1b in value. MakerDAO is the most popular protocol of decentralized finance on the Ethereum blockchain. More: - Most of that increase is attributable to Ethereum's price, which has rallied 36% within the last week.
- Ethereum is the most used common form of collateral asset for minting Maker's DAI stablecoin.
- DAI is also the preferred asset to farm the Compound (COMP) token, recently uplisted to Coinbase.
- Reporters at CoinTelegraph highlight a caveat regarding MakerDAO's Total Value Locked metric: "Just 30 wallets account for 65% of the supply volume and 73% of the borrowing volume... a few whale users can create the illusion of activity."
DEFI Pulse
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QUICK HITS - Ripple's peer-to-peer payments platform, Payburner, is now live in beta.
- Bitcoin rallies past $10,000, initially spiking over $300 around 6 a.m. New York on Sunday morning.
- Bloomberg published a report on Beijing-based Red Date Technology, "a crypto-world equivalent of a cloud service like Amazon Web Services" that claims to serve 6,000 customers in China.
- The U.S. Office of the Comptroller of the Currency clarifies that American banks are allowed to custody crypto assets.
- CEOs and CFOs talk the winners and losers of the office of the future.*
*This is sponsored content.
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 |  | Written and curated by wide-eyed bitcoin watcher since $1, Aaron Wise. Streaming headline junkie, Associated Press fanboy, eye-strained news terminal watcher, 2017 founder of Cryptocurrency Newsfeed. Temporarily based in Florida while awaiting the construction of cryptopia. |  | | Editor | Jonathan Harris is a writer for Inside.com. Previously, he wrote for The Huffington Post, TakePart.com, and the YouTube channel What’s Trending. | |
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