Hi Insiders, I'm back! Hope you all enjoyed the weekend and the green candles that came along with it. I wanted to remind you that I'll be speaking at our upcoming event, "The Value of Community NFTs," on Oct. 14 alongside some amazing guests (with more to be announced soon). If you haven't yet, make sure you sign up! Big thanks to our sponsor UTU.ONE for making this event possible, and I hope to see you all there! |
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The global crypto market cap is $2.15T 0.53%▼ with a 24-hour market volume of $107.02B 19.14%▲. Bitcoin's dominance is currently 42.98% 0.55%▲. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $49,111.47 | 1.91% ▲ | | 2 | Ethereum ETH | $3,388.94 | 0.57% ▼ | | 3 | Cardano ADA | $2.18 | 3.05%▼ | | 4 | Binance Coin BNB | $424.64 | 1.35%▼ | | 5 | Solana SOL | $167.39 | 2.61% ▼ | *Prices as of 5:15 p.m. ET.
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 The SEC delayed its decision on four bitcoin ETF applications from Global X, Krypton, Valkyrie and WisdomTree. This is the second extension on bitcoin ETF proposals for all four companies. More: - Final decisions, or additional extensions, are now set to take place between Nov. 21 and Dec. 24.
- The SEC reasoned that the approval or disapproval of a proposed rule change is necessary for the applications to be fully considered.
- In addition to the mentioned applications, VanEck’s proposal was also delayed previously. A decision from the SEC is expected by Nov. 14.
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U.S. regulators are considering a regulatory framework for stablecoins. The reportedly proposed regulations would treat stablecoin issuers as banks. More: - The Biden administration is expected to propose new legislation to Congress for a special-purpose banking charter for issuers.
- Regulatory recommendations will likely be included in the Treasury Department’s upcoming “President’s Working Group on Financial Markets” report.
- A representative from USDC issuer Circle remained optimistic about the news, stating that a clear regulatory framework will help create a more efficient, fair and inclusive financial system.
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 A message from VOICE Introducing Voice: A Disrupter in the Bourgeoning NFT Space. Voice is 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. Here’s what you need to know: - NFTs sales have surged to 2.5 Billion in the last year and Voice is surging alongside the industry.
- For creators, Voice makes it easy (and free) to mint new NFTs and join the growing marketplace.
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- For the environment, Voice is > 65,000 times more energy efficient than Bitcoin. Voice is > 17,000 times more energy efficient than Ethereum.
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 Dapper Labs acquired influencer platform Brud ahead of its new “Dapper Collective” business venture. Dapper Collective will aim to help communities develop DAOs on the Flow blockchain. More: - Brud was the startup behind virtual celebrity Lil Miquela and social DAO Friends with Benefits.
- Dapper Collective will be led by Brud CEO Trevor McFedries, who will oversee the creation of new IP and online platforms for Dapper.
- The details of the deal and Dapper Collective are currently undisclosed; however, a strategy and roadmap for the offerings are expected to be released by McFedries soon.
Related: Check out Jason Calacanis' fireside chat with Dapper Labs CEO Roham Gharegozlou from Inside.com's "Understanding the NFT Opportunity" event.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Shiba Inu SHIB | $0.00001339 | 50.57% ▲ | | 2 | Terra LUNA | $47.57 | 11.43% ▲ | | 3 | Axie Infinity AXS | $138.60 | 10.54% ▲ | | 4 | Flow FLOW | $20.42 | 8.69% ▲ | | 5 | Dogecoin DOGE | $0.2416 | 9.27% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Revain REV | $0.01775 | 9.64%▼ | | 2 | IOTA MIOTA | $1.21 | 5.59%▼ | | 3 | eCash XEC | $0.0002323 | 5.38%▼ | | 4 | Helium HNT | $20.44 | 5.33%▼ | | 5 | Synthetix SNX | $10.32 | 5.14%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 5:15 p.m. ET.
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 Axie Infinity (AXS) reached a new ATH of $154 after a 40% overnight jump. The native token for the Axie Infinity game has surged nearly 150% over the past seven days. More: - AXS prices benefited from the $193B in capital that has entered the global crypto market over the past week.
- Solana (SOL), VeChain (VET), and Theta (THETA) jumped 20% this week as Bitcoin (BTC) and Ethereum (ETH) moved up 10%.
- Some analysts believe that if buying pressure for AXS continues, it could break through the psychological resistance barrier of $200.
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Nasdaq-listed HIVE Blockchain Technologies reportedly mined 225 BTC and 9,700 ETH during Q3. The mining firm’s net income spiked up to $18.6M, up from $1.8M last year. More: - Frank Holmes, HIVE’s interim executive chairman, said the jump in net income was due, in part, to its expansion of ETH mining.
- HIVE’s gross revenue reached $37.2M, up 466% from Q3 2021.
- In August, the mining company ordered 1,800 Antminer S19j Pro miners toward its goal to increase mining production.
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Publicly traded Greenidge Generation Holdings reportedly mined 729 BTC in Q3. The company additionally disclosed that it is holding around $52M in BTC. More: - Greenidge is a Nasdaq-listed bitcoin mining firm with over 15,000 miners operating at 1.2 EH/s.
- The mining firm still posted a net loss in Q3, attributed to its merger with tech support company Support.com.
- Greenridge joined the Nasdaq following its merger with Support.com last month.
- The firm also announced plans to open mining facilities in South Carolina sometime at the end of the year or early 2022.
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- The total market cap of Bitcoin (BTC) surpassed Facebook today. Facebook has been unable to comment, like, or share the news on its platform due to its widespread outage.
- Ethereum announced a bounty of up to $50,000 for any bugs that can be found ahead of the Altair upgrade on Oct. 27.
- Edward Snowden reflected on China’s Bitcoin (BTC) ban, saying that the decision by the PBoC only made Bitcoin stronger.
- SolanaMonkeyBusiness set a record for Solana NFT sales after SolMonkey #1355 sold for 13,027 SOL ($2.1M).
- Bank of America Global Research called blockchain technology the “most exciting new market in years” in its Digital Assets Primer.
- An unknown XRP whale moved nearly $30.5M in XRP through crypto exchange Bitso over the weekend.
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Upcoming Events - October 6 - Design for Startups (Register Here)
- October 6 - VC Crypto with Troy Osinoff (Set A Reminder)
- October 12 - Join Flatfile as they announce a groundbreaking upgrade to its customer data onboarding platform. (Register Here)*
- October 14 - NFT Community Collectibles (Register Here)
- October 26-27 - Meet our Fund Fall ’21 Cohort (Register Here)
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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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