The global crypto market cap is $2.73T 3.31%▲ with a 24-hour market volume of $195.28B 48.14%▲. Bitcoin's dominance is currently 43.46% 0.15%▼. CURRENT PRICES BY MARKET CAP # | Name | Price | 24h % | 1 | Bitcoin BTC | $62,904.97 | 2.98% ▲ | 2 | Ethereum ETH | $4,587.76 | 6.31% ▲ | 3 | Binance Coin BNB | $554.15 | 0.72%▲ | 4 | Cardano ADA | $1.97 | 0.97%▲ | 5 | Solana SOL | $217.41 | 6.93% ▲ | Source: CoinMarketCap, 7:45 EST | |
Ethereum Name Service (ENS) announced its own ENS token. The launch of a native ENS token comes as the project transitions into a DAO. More: - ENS governance tokens will be available for ENS domain holders as early as next week.
- The number of tokens to be minted and distributed has not been released at this time.
- ENS governance will follow the delegate model, enabling wider community participation and users to back community leaders as delegates.
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TOP ETHEREUM NFT COLLECTIONS # | Name | 24h Volume | 24h % | 1 | Axie Infinity | $21.91M | 29.51% ▲ | 2 | Fat Ape Club | $12.80M | 522.84% ▲ | 3 | Parallel Alpha | $5.3M | 22.68% ▲ | 4 | The Sandbox | $2.46M | 110.69% ▲ | 5 | Bored Ape Yacht Club | $2.37M | 18.82% ▲ | Source: DappRadar, 7:45 pm EST | |
Coinbase acquired machine learning and AI startup Agara. The deal was expected to be valued at around $40M to $50M. More: - Agara is a four-year-old startup based in India and the U.S., specializing in machine learning and natural language processing.
- Coinbase stated that the acquisition would help Coinbase provide personalized, real-time customer support options.
- Following its expansion into Canada, Coinbase announced in March that it would be establishing a business presence in India.
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🍋Fresh Funding🍋 Chipper Cash, Remittance/Payment: $150M ⮕ The Series C extension funding round was led by FTX with participation from SVB Capital, Deciens Capital, Ribbit Capital, Bezos Expeditions, and others. More: - Chipper Cash is a P2P remittance and payment services provider for Sub-Saharan Africa.
- Prior to the extension, Chipper raised $100M in a Series C led by SVB Capital six months ago.
- Chipper Cash partnered with Twitter to enable Tip Jar integration in Africa and plans on expanding the feature into the U.S. by next year.
The Sandbox, NFT/Gaming: $93M ⮕ The Series B funding round was led by SoftBank Vision Fund 2 and participated in by Animocabrands, GalaxyInteractive, Polygon Studios, Liberty City Ventures, and others. More: - The Sandbox is a metaverse, NFT-based world-building game developed on the Ethereum (ETH) blockchain.
- Sandbox token (SAND) has a $2.46B market cap and reached an ATH of $3.27 following the announcement.
- The Series B funding round was the first digital asset investment made by SoftBank Vision Fund 2.
Upland, NFT/Gaming: $18M ⮕ The Series A funding round was led by Animoca Brands with participation from OneTeam Partners, Global Founders Capital, Block.one, and others. More: - Upland is an NFT-based digital property trading game that enables users to buy/sell digital properties linked to real-life addresses.
- Over 100,000 “landowners” have joined, and 2 million property NFTs have been sold to date.
- The fresh funding will be used to continue to build out their "mixed reality" strategy within the metaverse.
- In the game, users can bring their NFTs from other blockchains to participate in virtual happenings such as digital art galleries or car racing.
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▲ TOP GAINERS # | Name | Price | 24h % | 1 | The Sandbox SAND | $3.03 | 46.23% ▲ | 2 | Loopring LRC | $1.42 | 34.90% ▲ | 3 | Arweave AR | $71.84 | 19.91% ▲ | 4 | Enjin Coin ENJ | $3.14 | 19.91% ▲ | 5 | Crypto.com Coin CRO | $0.2523 | 18.43% ▲ | ▼ TOP LOSERS # | Name | Price | 24h % | 1 | Curve DAO Token CRV | $4.28 | 4.63%▼ | 2 | SushiSwap SUSHI | $12.15 | 3.89%▼ | 3 | Shiba Inu SHIB | $0.00006945 | 2.86%▼ | 4 | OKB OKB | $22.29 | 2.03%▼ | 5 | Hedera HBAR | $0.3946 | 1.29%▼ | Source: CoinMarketCap, 7:45 EST *Limited to cryptocurrencies in the Top 100 | |
Senator Ted Cruz (R-Texas) proposed legislation for Congress to adopt BTC as a medium of valid exchange. This legislation would permit congressional gift shops, food services, and vending machines to accept cryptocurrency as payment if adopted. More: - According to Cruz, this proposed legislation comes after the Infrastructure Bill posed an "attack on crypto."
- Texas, along with Florida, have become somewhat of BTC "safe haven" states with more friendly legislation and more opportunity to pursue BTC mining.
- Cruz believes that BTC and other cryptocurrencies may be a potential solution to solving many of Texas' problems with its electrical grid.
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Chicago Mercantile Exchange (CME) announced that it would offer Ethereum (ETH) micro futures to its investors starting Dec. 6. This will allow investors to bet on contracts starting as low as 0.1 ETH rather than the previous 50 ETH minimum. More: - The price of ETH has doubled since CME launched ETH futures contracts back in February.
- CME offers over 20 micro products, notably BTC mirco futures, which have traded 2.7 million contracts since its launch in May.
- The move to micro ETH futures comes as the 24-hour spot trading volume for futures contracts on Binance hit $80B.
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Celsius recently acquired a high-security custodian GK8 for $115M. The purchase comes during a period of regulatory scrutiny for the lending platform. More: - GK8 is an all-in-one crypto custodian for banks with support for DeFi protocols and staking.
- GK8 uses air-gapped vault storage to prevent cyberattacks and is currently offering a $250,000 bounty for anyone who could hack into a vaulted cold wallet.
- Prior to the acquisition, Celsius raised $400M in a funding round led by WestCap at a $3B valuation.
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- The SEC announced that it will delay its decision on the Valkyrie Bitcoin Fund to Jan. 7, 2022.
- Ethereum's (ETH) hash rate hit an all-time high of 747TH/s, up 37.75% from a yearly low of 465 TH/s set in July.
- El Salvador President Nayib Bukele announced that the country would build 20 new schools using its bitcoin (BTC) profits.
- Compass Mining announced a new 140 MW BTC mining facility in Ontario, Canada, that will use 95% clean energy to power its facility.
- Quentin Tarantino announced his plan to sell six never-before-seen scenes from Pulp Fiction as NFTs on OpenSea.
- Sen. Cynthia Lummis (R-Wyo.) shared with CNBC that she believes Bitcoin (BTC) is a decentralized commodity, but all other crypto assets are securities.
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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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