Plus: Coinbase is holding $4B in cash in the event of a crypto winter.
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The global crypto market cap is $3.00T 4.31%▲ with a 24-hour market volume of $113.74B 8.98%▼. Bitcoin's dominance is currently 43.80% 0.18%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $46,569.15 | 3.63% ▲ | | 2 | Ethereum ETH | $3,132.37 | 3.05% ▲ | | 3 | Cardano ADA | $2.35 | 12.31%▲ | | 4 | Binance Coin BNB | $427.86 | 7.45%▲ | | 5 | XRP XRP | $1.19 | 4.65% ▲ | *Prices as of 4:00 p.m. ET.
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 FinTech Collective raised $250M for early-stage and DeFi venture capital investing. $200M will go to the existing early-stage fund, while the remaining $50M will be used to set up a new DeFi fund. More: - Investors in the FinTech Collective include the State of Wisconsin Investment Board, StepStone Group, DRW, and others.
- Following the raise, the venture firm has reached a total AUM of around $500M.
- FinTech collective recently exited an investment in MoneyLion through a SPAC merger.
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 Coinbase partnered with Japanese banking giant Mitsubishi UFJ Financial Group (MUFG). The announcement stated that the partnership will allow Coinbase to launch in Japan. More: - Over 40 million MUFG account holders will gain easy access to crypto through Coinbase.
- The exclusive partnership will only allow Japan-based MUFG account holders to access Bitcoin through Coinbase.
- Japan holds one of the largest crypto transaction volumes in the world.
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 🍋Fresh Funding🍋 Catalog, NFT/Music: $2.2M ⮕ The funding round was participated in by 1confirmation, Inflection, Delphi Digital, and others.
More: - Catalog is a music-centered NFT marketplace for independent artists.
- The startup already has over 100 artists on the platform, who have earned a collective total of over $213,000 to date selling records.
- This is the second investment made by Peter Thiel and Mark Cuban’s 1confirmation.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | SwissBorg CHSB | $0.8977 | 24.84% ▲ | | 2 | Kusama KSM | $331.02 | 16.86% ▲ | | 3 | Fantom FTM | $0.4914 | 16.77% ▲ | | 4 | Arweave AR | $30.05 | 14.86% ▲ | | 5 | Internet Computer ICP | $66.52 | 14.49% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Voyager VGX | $4.15 | 17.77%▼ | | 2 | Revain REV | $0.01048 | 6.35%▼ | | 3 | Quant QNT | $182.54 | 4.27%▼ | | 4 | Solana SOL | $72.26 | 3.12%▼ | | 5 | Audius AUDIO | $3.33 | 1.34%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 4:00 p.m. ET.
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 Avalanche (AVAX) reached a three-month high following its $180M incentive program with Aave and Curve. The announcement boosted AVAX by around 37% in the past 24 hours. More: - AVAX has doubled in value over the past seven days.
- The incentive program will support growth and participation in Avalanche’s native liquidity protocol, “Avalanche Rush.”
- Avalanche has allocated $27M in AVAX for Aave and Curve users, with additional allocations expected in the upcoming month.
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Folius Ventures LLC launched a new investment fund aimed at investing in Web3. The fund currently has $45M committed, with a target raise of $50M. More: - Folius was founded by former Briarwood Chase Management director Jason Kam.
- The venture firm is currently backed by ParaFi Capital, Dragonfly Capital, Compound’s Robert Leshner, and others.
- Crypto-focused venture funds have been increasingly raising funds recently, with FinTech Collective, Framework, and CoinFund also launching crypto-based funds.
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 Darknet bitcoin mixer Helix’s Larry Harmon pleaded guilty in the U.S. to money laundering conspiracy charges. Helix allegedly mixed over 350,000 BTC (~$300M) during its operation. More: - In the plea, Harmon admitted to being the operator of Helix from 2014 to 2017.
- Helix was reportedly partnered with several darknet markets, including AlphaBay, Evolution, and Cloud 9.
- Harmon will be required to turn over 4,400 BTC (~$200M) and could face a maximum of 20 years in prison for his involvement.
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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 | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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