COIN announced $1.5B private offering / Over $2B locked on Arbitrum / Walmart-LTC partnership was a hoax

Plus: MicroStrategy purchased another 5,050 BTC for $242.9M during Q3

Inside.com Part of   Network September 13, 2021

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The global crypto market cap is $2.03T 4.06%▼ with a 24-hour market volume of $144.57B 39.62%▲. Bitcoin's dominance is currently 41.33% 0.62%▼. CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $44,667.64 2.59% ▼ 2 Ethereum ETH $3,219.90 5.36% ▼ 3 Cardano ADA $2.42 11.17%▼ 4 Binance Coin BNB $396.84 4.70%▼ 5 XRP XRP $1.06 4.33% ▼ *Prices as of 3:30 p.m. ET.

Coinbase announced plans to offer $1.5B worth of senior notes through a private offering. Coinbase stated that the capital would be used for general corporate purposes, including product development and M&A. More: The senior notes will be guaranteed by Coinbase, with maturity occurring between 2028 and 2031. Coinbase additionally denied rumors that executives and insiders sold COIN shares in response to the SEC’s Wells notice regarding the upcoming lending program. Similar to its senior note offering, Coinbase previously raised $1.25B in a bond sale just one month after going public, despite positive cash flows.

Ethereum Layer 2 solution Aribtrum has over $2B in locked value following its launch on Aug. 31. Over the weekend alone, Aribturm saw its total amount of locked ETH rise from 37,000 to 654,000. More: 29,000 unique addresses transacted on the Arbitrum network in 24 hours yesterday.  The rapid adoption of Arbitrum has been attributed to its newly launched yield farm, ArbiNYAN. DeFi projects like Balancer, SushiSwap, and Uniswap have already launched on Arbitrum, with Aave and MakerDao planning to move to the network in the near future.

🍋 Fresh Funding🍋  RECUR, NFT Marketplace: $55M ⮕ DIGITAL, Delphi Ventures, CMT Digital, and Gary Veynerchuk participated in the Series A funding round. More: NFT marketplace RECUR recently launched an NFT marketplace for college athletics, with a licensing partnership with the Pac-12 Conference. The fresh funding will be used to scale the team rapidly. RECUR is currently looking to fill 100 new positions. Point72 founder Steven Cohen will join RECUR’s board as part of his investment deal through DIGITAL.  RECUR received a post-funding valuation of $333M.

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

▲ TOP GAINERS # Name Price 24h % 1 Tezos XTZ $7.58 17.13% ▲ 2 Hedera Hashgraph HBAR $0.4349 14.80% ▲ 3 Mina MINA $5.95 14.79% ▲ 4 Cosmos ATOM $36.65 12.57% ▲ 5 ICON ICX $1.85 7.17% ▲ ▼  TOP LOSERS # Name Price 24h % 1 Avalanche AVAX $52.47 14.17%▼ 2 Raydium RAY $14.10 13.22%▼ 3 Revain REV $0.02005 12.97%▼ 4 Fantom FTM $1.29 12.89%▼ 5 Helium HNT $19.56 11.74%▼ *Limited to cryptocurrencies in the Top 100. Prices as of 3:30 p.m. ET.

Litecoin (LTC) fell 35% after Walmart clarified that it would not accept LTC payments. A fabricated Walmart press release was circulating this morning, falsely claiming a partnership with the Litecoin Foundation. More: After some preliminary reports were released on the fake partnership, LTC briefly hit a monthly high of $233.06. The Litecoin Foundation confirmed that the press release was false via Twitter. Reporters of the story became suspicious after noticing that Walmart did not own the email domain.

U.S. regulators are reportedly working to establish a regulatory framework for stablecoins. Janet Yellen told the President’s Working Group on Financial Markets that a framework needs to be established quickly. More: The U.S. Treasury reportedly questioned industry members regarding the risks and benefits of stablecoins. The total market cap of stablecoins is currently around $125B, roughly 6.25% of the total crypto market cap. Jerome Powell commented on the “incredibly fast” growth of stablecoins at a congressional hearing last week.

Dogefather and SpaceX founder Elon Musk adopted a Shiba Inu named Floki. Immediately following the announcement on Twitter, countless Floki-inspired cryptocurrencies flooded the market. More: Both Musk and Dogecoin (DOGE) are frequent targets of rug-pull and scam cryptocurrencies. Projects with names like Shiba Floki, Baby Floki Inu, and Floki Inu saw “gains” of up to 1,000% after the tweet. Unlike the original DOGE, knock-off projects like Baby Doge are derivative projects that do not operate their own blockchain network. Despite the attention to the breed, DOGE is currently down about 5%.

A message from EXODUS Finally you can invest in the US record-breaking crypto company. Exodus broke a US public offering record this spring, raising $75 million in just a few weeks. 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 participate in further trade in Exodus shares. On September 14, Exodus shares will be available on tZERO ATS.  Exodus is going from strength to strength. Revenue for 2021 Q2 demonstrated growth of over 651% year-over-year.  Exchange Providers processed $1.6 billion of volume, up 777% from Q2 2020. Monthly active users increased 320% year-over-year.  But Exodus is more than just a wildly popular wallet. It’s a forward-thinking hub for crypto and DeFi.  This is your chance to be a part of it. INVEST IN EXODUS

QUICK HITS Writing high-quality content is tough. Read how to reach the KPIs set for every content piece. * Marvel and DC comic artists are reportedly barred from selling their works as NFTs. MicroStrategy purchased another 5,050 BTC for $242.9M during Q3 at around $48,099/BTC. The company now holds around 114,042 BTC at an average purchase price of $27,713/BTC. El Salvador will not require foreign investors to pay taxes on profits from bitcoin (BTC).   Nasdaq-listed Interactive Brokers announced that it will offer crypto trading services using Paxos’ blockchain infrastructure. British hedge fund Brevan Howard hired CMT Digital’s former CEO and co-founder Colleen Sullivan to lead its digital asset investments. 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. * * Sponsored Content

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.

Voice is making NFTs easy for everyone. Mint your first NFT for free today at Voice.com.

Trading of Exodus crypto company shares will be available on tZERO ATS starting September 14th.

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