The global crypto market cap is $2.35T 2.67%▲ with a 24-hour market volume of $109.90B 0.70%▲. Bitcoin's dominance is currently 45.85% 0.12%▲. CURRENT PRICES BY MARKET CAP # | Name | Price | 24h % | 1 | Bitcoin BTC | $57.652.96 | 3.42% ▲ | 2 | Ethereum ETH | $3,586.07 | 3.12% ▲ | 3 | Binance Coin BNB | $462.85 | 5.30%▲ | 4 | Cardano ADA | $2.18 | 2.09%▲ | 5 | XRP XRP | $1.12 | 0.02% ▼ | Source: CoinMarketCap, 6:00 EST | |
RECUR announced a partnership with ViacomCBS to create NFTs for ViacomCBS brands. ViacomCBS has an extensive portfolio of brands, including MTV, Nickelodeon, and Comedy Central. More: - RECUR raised $55M and reached a post-funding valuation of $333M in September following a Series A funding round backed by Gary Vaynerchuk and others.
- The ViacomCBS NFT platform is expected to launch in Spring 2022. RECUR stated that the platform will be blockchain-agnostic and include debit and credit card payment options.
- Recently, RECUR has made several strategic partnerships, including a licensing partnership with the Pac-12 Conference to create NFTU: an NFT platform for college athletics.
- The entertainment industry and NFTs have become increasingly interconnected. On Monday, NFT collector Oxb1 signed an IP deal with the CAA, joining the agency’s massive talent portfolio of names like Britney Spears and the Weeknd.
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TOP ETHEREUM NFT COLLECTIONS # | Name | 24h Volume | 24h % | 1 | MekaVerse | $25.74M | 228.66% ▲ | 2 | Axie Infinity | $17.81 | 12.21% ▲ | 3 | Metasaurs | $8.27M | - | 4 | HalloweenBears | $5.29M | - | 5 | MutantCats | $4.87M | 64.58% ▲ | Source: DappRadar, 6:00 pm EST | |
ConsenSys acquired NFT startup Treum from Web3 incubator Mesh. ConsenSys stated that the acquisition would help expand its NFT offerings for creators, brands, game developers, and others. More: - Treum expanded into NFTs in 2021 with the launch of the Ethereum-based NFT music project EulerBeats.
- Since its expansion into the NFT space, Treum has collaborated with artists, including “The Dream Machine” artist Jonathan Rosen.
- Treum co-founder Tyler Mulvihill stated that the acquisition would help the startup deepen its metaverse development and “onboard the next 100 million users” into Web3.
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🍋 Fresh Funding 🍋 Arcana Network, DeFi/Storage: $2.3M ⮕ The strategic funding round was participated in by Republic Crypto, Woodstock Fund, Digital Currency Group, Hyperedge, Fenbushi Capital, and others. More: - Arcana Network is a privacy-focused, decentralized storage protocol for Ethereum-based and EVM-compatible DApps.
- The fresh funding will be used to launch Arcana’s native XAR token, which is expected sometime in early 2022.
- Arcana offers built-in services for end-to-end encryption, authentication, key management, and access control.
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▲ TOP GAINERS # | Name | Price | 24h % | 1 | Polkadot DOT | $41.71 | 19.29% ▲ | 2 | Telcoin TEL | $0.02019 | 18.30% ▲ | 3 | Perpetual Protocol PERP | $17.64 | 11.84% ▲ | 4 | Kusama KSM | $359.83 | 11.20% ▲ | 5 | Stacks STX | $2.21 | 10.57% ▲ | ▼ TOP LOSERS # | Name | Price | 24h % | 1 | Mdex MDX | $1.42 | 7.34%▼ | 2 | Harmony ONE | $0.2217 | 4.34%▼ | 3 | Arweave AR | $52.53 | 4.19%▼ | 4 | Terra LUNA | $36.68 | 4.13%▼ | 5 | Fantom FTM | $2.01 | 3.85%▼ | Source: CoinMarketCap, 6:00 EST *Limited to cryptocurrencies in the Top 100 | |
Arcane Research’s latest crypto report was bullish on Bitcoin (BTC). Arcane reported that global open interest in BTC futures at CME reached its highest levels since Feb. 2021. More: - Bitcoin futures at CME are suggestive of a border bullish sentiment among institutional investors.
- The theorizes the uptick in BTC futures could be in anticipation of the SEC approving its first BTC ETF.
- Bitcoin is currently up around 2.5% today and 3.75% over the past week.
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Ripple signed a strategic ESG partnership with Nelnet for a $44M renewable energy fund. According to a joint press release, the clean energy fund will focus on solar energy projects in the U.S. More: - The fund is expected to reduce 1.5 million tons of carbon dioxide over the next 35 years.
- Ripple is a member of the Crypto Climate Accord initiative, which strives to make the crypto industry carbon net-zero by 2030.
- Ripple previously partnered with Energy Web and the Rocky Mountain Institute in 2020 to decarbonize the XRP Ledger.
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Andreessen Horowitz (a16z) is reported to be planning to meet with Washington policymakers to discuss crypto and Web3. Several executives are expected to propose a regulatory framework and explain the importance of Web3 development. More: - a16z did not disclose who they would be meeting with, but stated it would be top leaders in the White House and Congress.
- This morning, the venture capital firm released its agenda ahead of the upcoming meetings.
- Tomicah Tillemann, a16z’s global head of policy, stated that the Consumer Financial Protection Bureau is equipped to deal with Web3 in the short term; however, a new government agency should be considered in the long run.
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- SushiSwap (SUSHI) launched a $12.6M joint liquidity mining program with the Celo network (CELO).
- The first parachain auction on the Polkadot (DOT) network is expected to begin on Nov. 11.
- Binance signed a jersey sponsorship deal with Italy’s SS Lazio and launched a fan token platform with the football club.
- Dapper Labs signed a multi-year partnership deal with the NBA’s Kevin Durant.
- Binance will halt OTC trading of the Chinese yuan and restrict access for mainland China users ahead of China’s crypto ban.
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| | Griffin McShane is a New York transplant currently living in Brooklyn, NY. He is a graduate of Providence College, where he studied both computer science and business, and the University of Maine School of Law, where he earned his JD. Beyond his work at Inside, Griffin has written articles for CoinDesk and is a member of the International Association of Privacy Professionals (IAPP). | | 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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