MSTR reports Q1 BTC holdings of over $5B / Sensorium burns $10B in SENSO / Fresh Funding

Plus: ETH mining revenue reached an ATH of $1.5B

Inside.com Part of   Network April 30, 2021

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The global crypto market cap is $2.17T 6.50%▲ with a 24-hour market volume of $142.00B 1.89%▲. Bitcoin's dominance is currently 48.79% 0.36%▲.  CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $56,637.69 7.25% ▲ 2 Ethereum ETH $2,758.41 1.47% ▲ 3 Binance Coin BNB $617.48 7.70% ▲ 4 XRP XRP $1.55 14.48% ▲ 5 Dogecoin DOGE $0.3325 9.97% ▲ *Prices as of 2:30 p.m. ET.

MicroStrategy (MSTR) reports over $5B of bitcoin holdings in its financial results for Q1 2021. The publicly-traded company now owns over 91K BTC. More: MSTR’s reported revenue in Q1 was 52% higher than reported in the same quarter last year, reaching just over $122M. CEO Michael Saylor stated in a press release that holding bitcoin is one part of MicroStrategy’s “two-pronged corporate strategy” to generate substantial shareholder value. MicroStrategy also reported a 52% increase in revenues from product licensing and subscription services.

Sensorium Corporation burned 70% of the supply of SENSO. Totalling 4.2B SENSO, the massive token burn was justified by the Sensorium team as the result of its decision to halt the public sale of the token. More: With SENSO trading at around $2.30 at the time of the burn, Sensorium eliminated over $10B worth of tokens. SENSO is the in-platform token for the digital metaverse Sensorium Galaxy, facilitating NFT minting, an NFT marketplace, and a DAO on the platform. Further plans for the token outlined in the company's lightpaper revealed that the burn was part of a broader plan to migrate from the Ethereum network to a Substrate-based blockchain.

A message from EXODUS Exodus shatters regulated crypto public offering record Exodus, one of the most popular cryptocurrency apps, is on a mission to help half the world exit the confines of traditional finance by 2030.  Exodus made history by doing the first of its kind SEC regulated offering on its platform. They’ve had commitments for $60,000,000 within 5 days of the offering going live. Anyone can buy shares of the company with Bitcoin, Ethereum, or USDC which will then be represented digitally and secured by the blockchain.  Why invest in Exodus? 🚀 Exodus is growing fast. They have achieved around 3 million app downloads and completed over 3.5 billion dollars worth of exchange volume since 2019.  🚀 Exodus products are loved due to their easy of use. Exodus was named as the best crypto wallet for beginners by Investopedia because of its simplicity and support for a huge variety of cryptocurrencies. 🚀 Exodus’ financial fundamentals are solid. They delivered 21.3 million dollars in revenue and 8.2 million dollars in net income in calendar year 2020.  Don't miss out on owning a stake in the future of finance. Invest Today

▲ TOP GAINERS # Name Price 24h % 1 Avalanche AVAX $32.30 18.83% ▲ 2 XRP XRP $1.55 14.53% ▲ 3 Bitcoin Cash BCH $980.48 12.70% ▲ 4 Bitcoin SV BSV $310.76 12.57% ▲ 5 Algorand ALGO $1.40 10.29%▲ ▼ TOP LOSERS / ▲ LEAST GAINERS # Name Price 24h % 1 Uniswap UNI $40.19 0.53%▼ 2 Klayton KLAY $2.36 0.15%▼ 3 Polygon MATIC $0.829 0.93%▲ 4 Ethereum ETH $2,758.41 1.47%▲ 5 Aave AAVE $440.17 1.89%▲ *Limited to cryptocurrencies with a market cap >$4B. Prices as of 2:30 p.m. ET.

🍋 FRESH FUNDING 🍋 Notion Finance, DeFi Lending: $10M. Pantera Capital led the ETH-based lending startup’s Series A funding round, with participation from Parafi Capital, 1Confirmation, Spartan Group, and others. More: Notional, Notion Finance’s DeFi protocol for borrowing and lending, has over $17M in total locked value and has implemented over $9.5M in loans. The startup plans to use the latest fresh funding to increase its finance and tech teams as well as expand its development team for the Notional protocol. Notional is the latest in DeFi lending platforms to receive funding. Other competitors in the space to receive funding this month include Greenwood Financial, Element finance, and Liquity. SingularityDAO, DeFi/AI: $2.7M. The AI-powered marketplace provider received fresh funding in a private funding round led by Alphabit with participation from Gensis Block Ventures, SMO Capital, QCP Capital, AU21, Jun Capital, and others. More: Singularity DAO's SingularityNET plans to be a marketplace for AI-created indexes, baskets, and other investment vehicles exposed to crypto. The startup is also developing AI-assisted liquidity pools and farming to generate additional value for investors.   With the fresh capital, SingularityDAO plans to increase the efficiency of its DeFi platform to further increase investor returns.

QUICK HITS Something that’ll help your mom (or honorary mom) relax. We are less than a month out from Mother’s Day and this brand’s sleepwear is perfect for breakfast in bed. * XRP has jumped 17% since Yoshitaka Kitao stated that Ripple would go public following its SEC lawsuit. Coinbase announced that it would acquire Skew, a data and analytics company, for an undisclosed amount. The UFC filed for two trademarks with the USPTO for a UFC-licensed cryptocurrency and a dApp for the UFC  ecosystem. Ethereum mining revenue reached an all-time high of $1.5B in April. General Mills has released some nostalgic Dunkaroos NFTs on rarible in a charity auction for Feeding America. Just days after accepting the role as the enforcement chief of the SEC, Alex Oh has resigned from her position. New York Stock Exchange owner Intercontinental Exchange (ICE) sold 1.4% of Coinbase shares for $1.2B. Looking for a way to keep your ecommerce customers coming back? Upgrade your post-purchase experience with Route and build real loyalty. Get a demo now.* * This is sponsored content.

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 Justin Anderson is an editor and writer who has worked with words for two decades. A graduate of Ryerson University’s Journalism program, he’s covered business, politics, entertainment, and almost everything in between. He lives in Toronto.

Exodus is making history raising $60,000,000 within 5 days of its SEC-regulated offering going live

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