The global crypto market cap is $2.36T 5.71%▲ with a 24-hour market volume of $255.98B 0.62%▲. Dogecoin's dominance is currently 3.38% 1.81%▲. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $57,332.65 | 5.36% ▲ | | 2 | Ethereum ETH | $3,433.94 | 1.81% ▲ | | 3 | Binance Coin BNB | $646.24 | 3.10% ▲ | | 4 | Dogecoin DOGE | $0.6137 | 9.60% ▲ | | 5 | XRP XRP | $1.59 | 13.30% ▲ | *Prices as of 3:00 p.m. ET.
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Galaxy Digital (GLXY) acquired crypto custody provider BitGo for $1.2B. Galaxy Digital’s acquisition set new records for the largest purchase of any company offering bitcoin services. More: - The deal was structured to pay $265M cash and issue 33.8 million new shares. BitGo shareholders will own 10% of the merged company, and BitGo founder Mike Belshe will remain a part of the team.
- The combined company plans to offer crypto trading, asset management, tax services, a mining operation, and other services for institutional investors.
- With the acquisition of BitGo, Galaxy now has over $40B in reported assets under custody.
- Galaxy previously made headlines when it joined the ever-growing list of companies and investment firms to submit a proposal for SEC approval of a BTC ETF.
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Blockchain.com announced the acquisition of AiX. AiX is a tech development firm that created an AI-powered negotiation and matching engineer for institutional OTC traders. More: - With the latest acquisition, Blockchain.com stated that it plans to expand its institutional offerings and services.
- Blockchain.com raised $300M in a Series C funding round back in March, valuing the crypto service provider at $5.2B.
- The company previously acquired crypto firm Stratagem (2018), trading platform RTBTC.com (2014), and market data provider ZeroBlock (2013).
- According to Crunchbase, Blockchain.com has been a critical investor in 5 funding rounds so far in 2021, making strategic investments in crypto companies like TeraBlock (4/19, $2.4M) and Enjin (3/31, $18.9M).
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | ETH Classic ETC | $97.18 | 54.03% ▲ | | 2 | BTC Cash BCH | $1,309.19 | 34.62% ▲ | | 3 | EOS EOS | $8.43 | 28.51% ▲ | | 4 | BTC SV BSV | $405.49 | 20.86% ▲ | | 5 | HEX HEX | $0.02861 | 16.31%▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Maker MKR | $5,400.62 | 1.16%▼ | | 2 | Uniswap UNI | $42.76 | 0.87%▼ | | 3 | Klaytn KLAY | $2.34 | 0.08%▼ | | 4 | Aave AAVE | $476.73 | 0.30%▲ | | 5 | Ethereum ETH | $3,433.89 | 1.81%▲ | *Limited to cryptocurrencies with a market cap >$4B. Prices as of 3:30 p.m. ET.
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🍋 FRESH FUNDING 🍋 Bitso, crypto exchange: $250M. Bitso’s latest Series C fundraising round led by Tiger Global and Coatue management gives the crypto exchange a $2.2B valuation. More: - Other Series C participants included Paradigm, BOND, and Valor Capital.
- Bitso joins the ranks of Paxos, BlockFi, and Dapper Labs as the latest in crypto unicorns.
- The crypto exchange reported $860M in trade volume last month,
Genies, NFTs: $65M. The Flow blockchain-based NFT marketplace received fresh funding in a Series B funding round led by Bond Ventures. More: - Additional participants included Dapper Labs, Coinbase Ventures, Polychain Capital, Hashkey Capital, NEA, NetEase, and others.
- Genies is currently available as an avatar design software and marketplace but has not yet integrated on the Flow blockchain. A beta version is expected in Q3.
- The NFT startup has already received several celebrity endorsements from Justin Beiber, Rihanna, Shawn Mendes (a previous investor), and Jake Paul. Genies also recorded a deal with Gucci for in-app clothing drops.
Lido, DeFi/Staking: $73M. The Ethereum 2.0 (Eth2) staking protocol provider received fresh funding in its latest tokenized funding round led by Paradigm. More: - Additional participants included Coinbase Ventures, Three Arrows Capital, Jump Trading, Alameda Research, Digital Currency Group, and others.
- Lido allows users to unlock staked ETH to use on DeFi applications through its “liquid” Eth2 staking protocol.
- With the latest fresh funding, Lido plans to integrate its stETH token across Ethereum's DeFi ecosystem, and expand its services to other PoS blockchains such as Solana and Terra.
RTFKT Studios, NFTs: $8M. RTFKT’s seed funding round was led by a16z, a crypto fund created by VC firm Andreessen Horowitz. More: - Additional participants included Roham Gharegozlou (CEO, Dapper Labs), Galaxy Digital, Ledger, Shrug Capital, Akash Nigam (Founder, Genie), and others.
- The NFT platform plans to use the latest fresh funding to expand its three-person team, build an NFT marketplace, and invest in metaverse development.
- RTFKT is particularly invested in the digital fashion space. An NFT and sneaker collaboration with 18-year-old artist Fewocious received over $3M in less than 10 minutes.
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QUICK HITS - Clearco (FKA Clearbanc), the world’s largest e-commerce investor, announced that it had raised a $100 million Series C at a $2 billion valuation. Read More. *
- MLB’s Oakland Athletics announced that it would begin selling tickets for 100 DOGE.
- FIS and NYDIG announced a partnership for a new service aimed to let banks offer BTC capabilities to customers.
- A recent survey conducted by Mastercard found that 67% of millennials are more open to using crypto than last year.
- Grayscale announced an official partnership with the NFL’s New York Giants, making Grayscale the first crypto team sponsor in the NFL.
- The National Bank of Georgia announced today that it would begin assessing the viability of a CBDC in Georgia.
- Need a performance server that grows with you? IONOS now offers its scalable Cloud Server with a $100 credit. *
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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 | 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. | |
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