The global crypto market cap is $2.79T 4.16%▼ with a 24-hour market volume of $174.96B 27.40%▲. Bitcoin's dominance is currently 43.57% 0.01%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $64,214.76 | 4.08% ▼ | | 2 | Ethereum ETH | $4,585.72 | 3.22% ▼ | | 3 | Binance Coin BNB | $606.41 | 4.52%▼ | | 4 | Solana SOL | $234.80 | 1.89% ▼ | | 5 | Cardano ADA | $2.06 | 7.88%▼ | Source: CoinMarketCap, 9:30 EST
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 Twitter is reportedly exploring the integration of Web3 applications. The statement was made just after Tess Rinearson announced that she would lead Twitter’s crypto team. More: - Tess Rinearson was the former VP of engineering at Interchain, one of the lead developers behind the Cosmos (ATOM) blockchain.
- Rinearson’s crypto team will work alongside Twitter’s decentralized social media project Bluesky.
- While Rinearson did not explicitly state the initiative’s intentions, the development of a decentralized social platform was confirmed by statements made by a team member.
- Yesterday, Reddit co-founder Alexis Ohanian announced a $100M investment in web3 and decentralized social media on the Solana (SOL) blockchain.
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TOP NFT COLLECTIONS | # | Name | 24h Volume | 24h % | | 1 | Axie Infinity ETH, RONIN | $38.26M | 25.22% ▲ | | 2 | CryptoPunks ETH | $7.98M | 18.89% ▲ | | 3 | Farmers World WAX | $2.32M | 20.65% ▼ | | 4 | Solana Monkey Business SOL | $964K | 57.29% ▼ | | 5 | NBA Top Shot FLOW | $856K | 63.29% ▲ | Source: DappRadar, 9:30 pm EST
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 The SEC halted the token issuance for the first legally recognized DAO LLC, American CryptoFed DAO LLC. The decision came after the SEC reviewed the DAO's Form 10 for Ducat and Locke tokens. More: - American CryptoFed is an EOS-based blockchain company that aims to create a new currency with a monetary policy determined by a DAO.
- The SEC stated that the Form 10 filing contained misleading information and lacked sufficient information on the tokens.
- The DAO was recognized as a legal entity back in July following the passage of a bill in Wyoming that formally recognizes DAOs as LLCs.
- Administrative proceedings are expected to follow to determine whether the issuance of Ducat and Locke tokens should be suspended.
- American CryptoFed previously filed an S-1 with the SEC to be recognized as a public company back in September.
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 Decentralized Exchanges (DEXs) saw around 550% growth between August 2020 and 2021, outpacing centralized exchanges. The findings come from a recent report published by blockchain analytics company Chainalysis. More: - Further analysis found that the number of crypto exchanges has also dropped from 845 to 672 since 2019.
- The total value (TVL) locked in DeFi exchanges exceeded $250B, compared to $10B the year before.
- Also reported: derivative exchanges saw 265,000 transactions over the past year, with the average transaction in Aug. 2021 at around $79,000.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | IoTeX IOTX | $0.2232 | 73.48% ▲ | | 2 | Mina MINA | $5.32 | 24.72% ▲ | | 3 | Loopring LRC | $3.17 | 13.05% ▲ | | 4 | Kadena KDA | $23.75 | 10.92% ▲ | | 5 | Unus Sed Leo LEO | $3.47 | 5.47% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Secret SCRT | $7.67 | 14.52%▼ | | 2 | Audius AUDIO | $2.28 | 12.94%▼ | | 3 | Bitcoin Gold BTG | $66.43 | 12.37%▼ | | 4 | Cosmos ATOM | $31.98 | 11.30%▼ | | 5 | Ethereum Classic ETC | $11.07 | 11.07%▼ | Source: CoinMarketCap, 9:30 EST
*Limited to cryptocurrencies in the Top 100
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 Bitcoin (BTC) reached another ATH of $69,000 as U.S. inflation levels hit a three-decade high. The Consumer Price Index (CPI) for October was 6.2% higher than last year. More: - At the Conservative Conference back in October, Peter Thiel stated that a high BTC price indicates economic inflation issues.
- Often referred to as ‘digital gold,’ BTC has long been seen by investors and hedge funds as a hedge against inflation.
- Gold also saw a spike following the announcement, with Barrick Gold Corp (GOLD) ending the day +4.38%.
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 Mastercard outlined plans for supporting crypto communities at its investor's day conference. The payment giant shared that it will focus on three key areas in crypto: network access, security, and services. More: - A spokesperson for Mastercard stated they are focused on "crypto enablement," which covers crypto spending, rewards, identity services, stablecoins, and other initiatives.
- Mastercard recently announced partnerships with APAC companies to enable customers to receive Mastercards linked to crypto.
- Late last month, the payment company partnered with crypto-as-a-service provider Bakkt to help businesses and banks in the U.S. incorporate cryptocurrency and digital asset services.
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 USDC provider Circle announced the launch of its venture capital fund, Circle Ventures. The fund will be focused on investing and supporting early-stage crypto projects. More: - CFO Jeremy Fox-Green stated that the fund’s initiative is to “raise global economic prosperity” in a “frictionless” manner.
- Circle’s USDC is the second-largest stablecoin with a market cap of around $34.6B, with only Tether’s USDT ahead of it.
- In addition to being the provider of USDC, Circle is also a crypto payment provider and the regulated operator of the startup fundraising platform SeedInvest.
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QUICK HITS - 5 years from now, you'll probably wish you'd grabbed this stock.*
- Beeple’s “HUMAN ONE” sold for $28.98M to Dialectic founder Ryan Zurrer during Christie’s 21st Century Evening Sale.
- Open interests for Ethereum (ETH) futures reached $12.6B, surpassing its previous ATH of $11.1B.
- Bidding for NFT versions of Rolling Stone’s Bored Ape Yacht Club NFT covers started today on SuperRare.
- Tether launched USDT on the Avalanche (AVAX) blockchain, keeping up with its announcement to do so from back in May.
- Meek Mill stated on Instagram that he plans to get paid for his next record deal in Bitcoin (BTC).
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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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