The global crypto market cap is $2.10T 3.08%▲ with a 24-hour market volume of $114.44B 20.91%▼. Bitcoin's dominance is currently 41.74% 0.40%▲. CURRENT PRICES BY MARKET CAP # | Name | Price | 24h % | 1 | Bitcoin BTC | $46,534.68 | 4.03% ▲ | 2 | Ethereum ETH | $3,362.74 | 4.22% ▲ | 3 | Cardano ADA | $2.37 | 2.49%▼ | 4 | Binance Coin BNB | $405.25 | 2.04%▲ | 5 | XRP XRP | $1.07 | 0.93% ▲ | *Prices as of 3:15 p.m. ET. | |
Crypto mining company Argo Blockchain (ARBK) has filed to list 7.5 million American Depositary Shares on the Nasdaq. Argo’s U.S. IPO is expected to provide the company with over $138M in new capital. More: - Argo Blockchain was already listed on the London Stock Exchange and is currently trading at around $1.94/share.
- The ADSs will be offered at $18.40, which would value the company at $855M.
- Each ADS represents 10 ordinary shares.
- Argo joined Hive Blockchain and Bitfarms as the third crypto mining company to list on the Nasdaq this year.
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Dapper Labs partnered with Google Cloud to scale the FLOW blockchain. The multi-year partnership will allow Dapper Labs to use Google Cloud to host and support their in-house blockchain. More: - FLOW is a public blockchain developed by Dapper Labs and home to popular NFT projects like NBA Top Shot and CryptoKitties.
- Per the deal, Google will host FLOW nodes through cloud services to allow for more streamlined blockchain development.
- Janet Kennedy, the VP of Google Cloud North America, stated that developers could choose the region that powers their project based on energy consumption.
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A message from VOICE Introducing Voice: an NFT platform for emerging creators The NFT market surged to new highs in the Q2 of 2021, hitting $2.5 billion in sales so far this year. Yet even during its busiest time, there were fewer than 50k active participants - meaning there’s a long way to go before the technology hits the mainstream. (source) That’s because hurdles are high for creators looking to get involved. A steep learning curve and complex onboarding have kept the technological benefits of NFTs to a relatively small audience - until now. Introducing Voice, a carbon neutral NFT platform built specifically for emerging creators. The platform is environmentally friendly and has a clear path to becoming decentralized and portable. Voice is easy to use for both creators, who can mint for free, and collectors, who can use credit cards to purchase. The platform is being built with real-time feedback from both established curators and emerging creators. Voice believes that NFTs can change how we all share, collect and exchange ideas. Start minting today for free at Voice.com | |
🍋 Fresh Funding🍋 Amberdata, Data/Analytics: $15M ⮕ The Series A funding round was led by Citi and participated in by Franklin Templeton, Rovida Kruptos Assets, and Galaxy Digital. More: - Amberdata is an API provider for on-chain data, market data, metrics, and signals.
- The fresh funding will be used to expand its market presence and double the size of its R&D team.
- Citi’s investment continues a streak of traditional banking companies moving into crypto data analytics. A few months earlier, Coin Metrics raised $15M in a Series B funding round led by Goldman Sachs.
Immutable, Layer 2/NFT: $60M ⮕ The Series B funding round was led by BITKRAFT and King River Capital, with participation from Alameda Research, Prosus Ventures, Galaxy Interactive, Fabric Ventures, and others. More: - Immutable’s flagship product, Immutable X, is an Ethereum layer 2 protocol focused on reducing gas fees associated with NFT minting.
- The startup eliminates minting gas fees through its zero-knowledge proof approach to validate transactions off-chain.
- Immutable has raised a total of $77.5M to date.
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▲ TOP GAINERS # | Name | Price | 24h % | 1 | Curve DAO Token CRV | $2.74 | 28.60% ▲ | 2 | Synthetix SNX | $13.71 | 25.25% ▲ | 3 | eCash XEC | $0.0002396 | 23.45% ▲ | 4 | Aave AAVE | $382.84 | 21.50% ▲ | 5 | SushiSwap SUSHI | $12.79 | 19.80% ▲ | ▼ TOP LOSERS # | Name | Price | 24h % | 1 | Cosmos ATOM | $33.38 | 11.06%▼ | 2 | Harmony ONE | $0.1694 | 8.98%▼ | 3 | Fantom FTM | $1.18 | 8.95%▼ | 4 | Algorand ALGO | $2.04 | 8.29%▼ | 5 | Tezos XTZ | $7.13 | 6.91%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 3:15 p.m. ET. | |
Solana (SOL) experienced outages for over four hours due to resource exhaustion. The blockchain is still experiencing intermittent instability, according to Solana Status. More: - The most recent Solana block confirmation occurred at 7:58 a.m. EST.
- Solana stated that validators are prepared for a potential restart if necessary.
- Solana Labs CEO Anatoly Yakovenko attributed the outage to bots flooding into the Raydium IDO at 300,000 transactions per second.
- Real-time updates on the status of the Solana blockchain are available on Twitter via @SolanaStatus.
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A message from EXODUS Invest in Exodus - the record-breaking US crypto company Exodus broke a US Regulation A+ public offering record this spring, raising $75 million in just a few weeks (with $60 million committed in just the first five days). What made that initial public offering even more impressive is that it was only open to US investors in selected states. Now the rest of the US and more than 30 countries worldwide can trade in Exodus shares. On September 14, Exodus shares will be available on tZERO alternative trading system. This is your chance to own a part of what Business Insider recently called the “best overall” Bitcoin wallet. But Exodus is more than just a wildly popular crypto wallet. It’s a forward-thinking hub for crypto and DeFi, and it’s on a mission to help half the world exit the confines of traditional finance by 2030. Be among the first to own a stake in the future of finance. Invest Now | |
Half a million users registered for El Salvador’s Chivo Wallet in the first week following the country’s adoption of bitcoin (BTC). President Bukele shared that 200 Chivo BTC ATMs are currently running in El Salvador and 50 within the U.S. More: - Even though the Chivo Wallet is not required for citizens, its widespread adoption has expanded from citizens to companies like McDonald’s, Starbucks, Wendy’s, and Pizza Hut.
- The surge in adoption has resulted in a temporary halt to new user registrations due to technical issues.
- Bukele stated that 95% of technical issues have already been resolved.
- U.S.-based Chivo ATMs are currently available in major cities, including Los Angeles, San Francisco, Chicago, Dallas, and El Paso.
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Apple’s App Store blocked the Gnosis Safe wallet due to its ability to store NFTs. Apple allegedly stated that apps that store NFTs are “not appropriate” for the app store. More: - Apple deemed the app inappropriate because it facilitated the storage of NFTs not purchased directly within the app.
- Emails between Gnosis and Apple appear to suggest that Apple would only permit the storage of NFTs purchased through in-app purchases.
- Despite the ban and Apple’s policy against purchases outside of the Apple ecosystem, other wallets like MetaMask have continued to allow NFT storage and sale functionality.
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QUICK HITS - Writing high-quality content is tough. Read how to reach the KPIs set for every content piece. *
- Solana (SOL) based Trippy Bunny NFT donated 100% of its minting proceeds to the American Foundation for Suicide Prevention.
- Cathie Wood predicted that bitcoin (BTC) could reach $500,000 over the next five years during an interview at the SALT Conference.
- Algorand (ALGO) announced a five-year partnership deal with the Drone Racing League.
- The New York Attorney General’s office ordered the closure of crypto exchange Coinseed for allegedly converting users’ funds to Dogecoin (DOGE) without their consent.
- The Human Rights Foundation announced the gift of 4 BTC to bitcoin developers working on privacy and education-related projects.
- Join us Thursday, October 28th at Elevate — the most business-critical conference. You won't want to miss the exclusive Q&A with Dan Levy. *
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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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