The global crypto market cap is $2.66T 3.39%▲ with a 24-hour market volume of $134.33B 23.33%▼. Bitcoin's dominance is currently 44.20% 0.40%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $62,351.39 | 2.32% ▲ | | 2 | Ethereum ETH | $4,402.68 | 3.64% ▲ | | 3 | Binance Coin BNB | $531.10 | 8.81%▲ | | 4 | Cardano ADA | $2.01 | 0.90%▲ | | 5 | Solana SOL | $201.44 | 2.40% ▲ | Source: CoinMarketCap, 5:30 EST
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 Over $500B ETH transactions settled in Q3 2021, up 389% from Q3 2020. The settlement transaction brought Ethereum mining revenue up 511% within the same time frame. More: - Ethereum mining fees totaled $1.96B this quarter but were closer to $620M in light of the EIP-1559 upgrade.
- The number of daily active ETH addresses rose just under 100,000 in the last year.
- Total value locked in Ethereum-based DeFi protocols reached $124M, up 1,242%.
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TOP ETHEREUM NFT COLLECTIONS | # | Name | 24h Volume | 24h % | | 1 | Axie Infinity | $16.37M | 4.38% ▲ | | 2 | CryptoPunks | $6.10M | 1.98% ▲ | | 3 | Bored Ape Yacht Club | $3.88M | 22.35% ▲ | | 4 | BitcoinBillionaires | $3.05M | 51.87% ▲ | | 5 | Inertial Moment | $2.38M | 11.39% ▲ | Source: DappRadar, 5:30 pm EST
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A new venture studio, SuperLayer, is looking to be the preeminent launch pad of web3 while making structural changes to the studio model. With seasoned blockchain veterans involved, organizations like SuperLayer hold an advantage over traditional VCs in navigating the relative complexity compared with traditional equity investments. More: - SuperLayer will be built upon a blockchain network created by SuperLayer's founders called Rally.
- Rally gives creators the ability to drop custom social tokens.
- Most traditional venture firms have taken note of the thematics surrounding a user- and builder-owned internet, aka web3, but may miss on much of the opportunity as crypto-friendly firms like SuperLayer begin to emerge.
- Where traditionally venture studios sell startup equity to VCs, SuperLayer will sell tokens to the company's community of users.
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 Digital Currency Group (DCG), Crypto conglomerate: $70M ⮕ This Series A funding round was led by SoftBank with participation from Google’s Capital G, Ribbit Capital, and others. More: - DCG is the parent company behind the crypto trust Grayscale and crypto news outlet CoinDesk.
- Founded in 2015, DCG has since grown to see a $10B valuation.
- The funding round makes DCG one of the most valued private crypto companies to date, alongside projects like FTX and Kraken.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Decentraland MANA | $0.2986 | 34.57% ▲ | | 2 | Shiba Inu SHIB | $0.00007549 | 21.49% ▲ | | 3 | Basic Attention Token BAT | $0.8212 | 19.54% ▲ | | 4 | Axie Infinity AXS | $144.46 | 14.22% ▲ | | 5 | Crypto.com Coin CRO | $0.2291 | 12.45% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | XDC Network XDC | $0.09187 | 6.27%▼ | | 2 | Nexo NEXO | $2.84 | 4.78%▼ | | 3 | Secret SCRT | $9.04 | 3.99%▼ | | 4 | OKB OKB | $21.53 | 3.26%▼ | | 5 | Revain REV | $0.01587 | 3.20%▼ | Source: CoinMarketCap, 5:30 EST
*Limited to cryptocurrencies in the Top 100
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XRP Ledger (XRP) reported it executed 88.8 million transactions in Q3 2021. Ripple announced this market report to provide transparency to the increasingly popular XRP. More: - The total value of the XRP transactions reached $491.74M, up from $157.92M in the same quarter last year.
- Direct sales of XRP from Ripple accounted for 0.26% of the global XRIP transaction volume.
- Ripple’s XRP continues to gain popularity as a resource for transactions despite its ongoing lawsuit with the SEC.
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 Rug Squid Game Token (SQUID) dropped from $2,862 to $0.00 in a rug pull. The pump-and-dump scheme gained traction after being featured in stories by The BBC, CNBC, Fortune, and others. More: - According to its now-deleted website, SQUID used an “anti-dumping mechanism” that prevented any user from selling their tokens.
- Despite clear signs of a scam, including a warning listed on CoinMarketCap that users could not sell the token, news outlets seemingly overlooked obvious red flags.
- The project’s Twitter account posted an apology for “any inconvenience” before being deactivated.
- Simon Zawa captured the moment the rug occurred while explaining the token on a Twitch stream.
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- FTX purchased a Super Bowl ad spot to promote cryptocurrency to over 92 million viewers.
- Dog coins DOGE and SHIB both recorded around 20% losses in the last three days, with SHIB still slightly in the lead.
- Oculus CTO John Carmack said that Meta is unlikely to be “completely open” to the crypto world.
- A Dallas Mavericks fan won $100,000 in BTC in an NBA shootout event sponsored by Voyager.
- A tiara-wearing CryptoPunk NFT sold for just 4.44 ETH ($19,300), but it is estimated to be worth over $1M. It is speculated that the seller may have listed the NFT for the wrong price.
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UPCOMING EVENTS: - November 03 - VC Crypto with Troy Osinoff (Set A Reminder)
- November 10 - The Future of Personal Travel: eVTOLs with Peter Ternstrom (Jetson) (Register Here)
- November 17 - Understanding Solana (Register Here)
- November 30 - Need To Know NoCoders - Prakash Chandran (Xano) (Register Here)
- December 01 - Investing in Minority Led Startups with Jarrid Tingle (Harlem Capital) (Register Here)
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- December 16 - Alternative Investments (Register Here)
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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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