Hey Insiders, On June 8-9, Inside will be hosting "Meet Our Fund", a two-day reverse demo day where 25 venture capital funds and accelerators will pitch to 10k+ founders! This event is free thanks to our many sponsors, including BurnRate.io, a revenue tracking platform that helps you pinpoint exactly when and how to grow your business. If you are interested in attending our event, click here to reserve your spot! |
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The global crypto market cap is $1.59T 7.80%▼ with a 24-hour market volume of $151.77B 7.81%▲. Bitcoin's dominance is currently 42.83% 0.14%▲. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $36,213.41 | 7.58% ▼ | | 2 | Ethereum ETH | $2,529.97 | 9.48% ▼ | | 3 | Binance Coin BNB | $335.50 | 10.73% ▼ | | 4 | Cardano ADA | $1.56 | 8.86%▼ | | 5 | XRP XRP | $0.9067 | 8.71% ▼ | *Prices as of 3:00 p.m. ET.
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 Polygon (MATIC) added functionality for ETH-based versions of BTC, DOGE, FIL, and others. The new functionality is provided by Polygon’s integration of the Polygon x RenVM Bridge. More: - Polygon is an ETH-based scaling solution for developers to build dApps with ETH connectivity. Its features include faster confirmation times and significantly lower fees.
- Ren is an open-source protocol for crypto transfers between blockchains via its own ‘ren’ version of that particular crypto.
- Polygon x RenVM Bridge creates a direct bridge between the Polygon network and other networks, enabling users to make direct deposits and withdrawals directly within the Polygon ecosystem.
- RenVM Bridge assets, like renBTC and renDOGE, are now live on QuickSwap and will soon be available on Curve Finance.
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After Circle received $440M in fresh capital, the USDC provider is reported to be considering a SPAC deal. Circle’s target valuation, if a SPAC deal were to occur, would be around $4B. More: - The previous funding round was participated in by Fidelity, FTX, Digital Currency Group, Marshall Wave, Valor Capital Group, Pillar VC, Intersection Fintech Ventures, and others.
- The move comes despite a recent ‘pop’ in the SPAC bubble. The Defiance Next Gen SPAC Derived ETF, which tracks the performance of deSPACed companies, hit a six-month low earlier this month.
- Circle generates revenue through the dollar reserves that underpin USDC, which recently exceeded a total supply of $20B.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Helium HNT | $20.81 | 27.37% ▲ | | 2 | Zcash ZEC | $160.53 | 6.21% ▲ | | 3 | UNUS SED LEO LEO | $2.14 | 4.56% ▲ | | 4 | Theta Fuel TFUEL | $0.3234 | 2.49% ▲ | | 5 | Chiliz CHZ | $0.306 | 0.17%▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Nexo NEXO | $1.81 | 19.26%▼ | | 2 | THORChain RUNE | $11.67 | 17.42%▼ | | 3 | Telcoin TEL | $0.03017 | 16.05%▼ | | 4 | EOS EOS | $6.21 | 15.59%▼ | | 5 | Basic Attention Token BAT | $0.7618 | 15.45%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 3:00 p.m. ET.
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 🍋Fresh Funding🍋 Reach, Blockchain Infrastructure: $12M ⮕ The development platform for creating dApps completed its funding round after previously receiving funds from the Algorand Foundation. More: - Reach provides developers an easier way to design and launch dApps and services native to both the ETH and ALGO ecosystems.
- Reach plans to use the fresh funding to create a commercial version of its platform capable of handling large volumes of transactions and enterprise-grade smart contracts.
- The startup currently has over 1K developers working on the platform and is valued at $48M.
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QUICK HITS - Here are 10 tips for creating a consent management platform (CMP) that meets compliance requirements, helps maximize opt-ins, and builds trust with customers.*
- WisdomTree has become the second U.S.-based company to file for an Ethereum ETF with the SEC.
- Cardano (ADA) developer Input Output HK announced the rollout of smart contracts on Cardano, starting with the “Alonzo” testnet.
- Ripple CEO Brad Garlinghouse told CoinDesk’s Consensus 2021 that the likelihood of Ripple going public after the SEC lawsuit is “very high.”
- eToro announced support for Aave (AAVE), Compound (COMP), Yearn.Finance (YFI) and Decentraland (MANA).
- The Australian Taxation Office (ATO) issued an announcement reminding crypto traders that capital gains taxes are still accrued even when transferring from one crypto to another.
- The total value of staked Ethereum under the staking contract of ETH 2.0 has reached around $14B.
- Restaurant and convenience store chain Sheetz will begin accepting bitcoin payments through a partnership with Flexa.
- On-site teams are a thing of the past. Learn how the shift toward remote work may be the key to your business growth.*
* This is sponsored content.
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Upcoming events hosted by Inside.com - June 8th & 9th, 2021- Inside Venture Capital: Meet Our Fund
To register for our events visit: events.inside.com
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 |  | Griffin McShane is a J.D. candidate currently living in Portland, Maine. He is a graduate of Providence College, where he studied both computer science and business. Griffin aspires one day to go to the moon and bring some of his altcoins along for the ride. |   | | Editor | Sheena Vasani is a professional tech writer, creator, and UC Berkeley, Dev Bootcamp, and Thinkful alumna who writes Inside Dev and Inside NoCode. She recently launched Affordable Mental Help, a directory listing free and low-cost mental health resources. You can contact her at sheenavasani1[at]gmail.com. | |
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