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The global crypto market cap is $1.77T 6.14%▲ with a 24-hour market volume of $290.16B 19.89%▼. Bitcoin's dominance is currently 42.13% 0.71%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $39,989.79 | 5.47% ▲ | | 2 | Ethereum ETH | $2,808.93 | 8.58% ▲ | | 3 | Binance Coin BNB | $389.88 | 6.32% ▲ | | 4 | Cardano ADA | $1.80 | 12.16%▲ | | 5 | XRP XRP | $1.18 | 1.57% ▲ | *Prices as of 3:00 p.m. ET.
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 Bitcoin regained 40%, reaching $42K from $30K in less than 24 hours. Chainalysis, a blockchain analytics provider, reported that retail traders, not institutional investors, were the primary catalyst for the massive sell-off of bitcoin yesterday. More: - A recent research note published by JPMorgan suggested that it is too early to characterize bitcoin as oversold.
- Altcoins also made a substantial rebound alongside BTC. Dogecoin (DOGE) jumped 78% after dropping 67%, and Waves (WAVES) rose 95% after a 64% loss yesterday.
- ARK Investments continued to buy additional shares of Coinbase (COIN) and Tesla (TSLA) as the crypto dip bled over into the stock market.
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 The MLS became the latest sports organization in the U.S. to get into NFTs. An announcement from the soccer league today stated that four NFT art pieces would be released this weekend. More: - The NFTs are related to the upcoming Portland Timbers vs. L.A. Galaxy match on Saturday and the Seattle Sounders vs. Atlanta United match on Sunday.
- The MLS will have the NFTs created live via a Bitski stream on Friday at 3 p.m. PST in a one-hour “battle series” between team representatives.
- The artists include Mighty Short (Timbers), Aaron Kai (Galaxy), Kyler Martz (Sounders), and Paper Frank (United).
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 A message from ORACLE NETSUITE Funding your business in today’s economy can be tricky. Our friends at Oracle have written a custom ebook helping to teach entrepreneurs the many financing options available for those aiming to make their idea a reality in a crazy market. Learn about: -
Why there is so much new cash in the venture capital world -
How the fundamental process of raising venture capital has drastically changed -
What new methods founders are using to raise funds, and which method is right for you -
How to navigate roadblocks and crush your fundraising objectives This ebook will provide you with a complete guide from start to finish on how to get your business funded today. Download e-book
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Internet Computer ICP | $175.76 | 40.65% ▲ | | 2 | Nano NANO | $9.65 | 37.41% ▲ | | 3 | Filecoin FIL | $89.77 | 27.84% ▲ | | 4 | Waves WAVES | $24.67 | 22.67% ▲ | | 5 | Monero XMR | $263.04 | 17.18%▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Kusama KSM | $392.48 | 12.36%▼ | | 2 | Revain REV | $0.01791 | 9.06%▼ | | 3 | UNUS SED LEO LEO | $2.97 | 8.92%▼ | | 4 | Terra LUNA | $10.45 | 7.89%▼ | | 5 | Celo CELO | $3.96 | 6.63%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 3:00 p.m. ET.
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🍋 FRESH FUNDING 🍋
| Total Funding: | $1.126M | | Total Startups Funded: | 3 | | Startups Funded: | Eco, Figure Technologies, Trade Republic |
(1) Eco, Fintech/Wallet: $26M. The private funding round was led by Andreessen Horowitz with participation from Coinbase, Pantera, Founders Fund, and Slow Ventures, among others. More: - The startup offers a wallet for “spending, sending, saving, and making money” that promises 2.5% interest on users’ balance along with cashback rewards from merchants.
- Eco is still currently in a closed beta, with an unknown number of users but a waitlist of over 170K people.
- In March, a previous funding round saw celebrity investments from Diddy, Kevin Durant, Tiffany Haddish, Carmelo Anthony, Larry Fitzgerald, 3LAU, and others.
(2) Figure Technologies, Blockchain Infrastructure: $200M. The Series D funding round was co-led by 10T Holdings and Morgan Creek Digital with participation from Digital Currency Group, Ribbit Capital, DCM, and DST Global. More: - Figure was founded in 2018 by SoFi founder Mike Cagney.
- The startup provides loans and mortgage refinancing through its “Provenance” blockchain.
- Figure is currently awaiting approval from the Office of the Comptroller of the Currency to receive a U.S. banking charter.
(3) Trade Republic, Neo-Broker: $900M. The European mobile trading platform successfully raised funds in a Series C round led by Sequoia with participation from Accel, Founders Fund, Creandum, Project A, and Thrive Capital. More: - The latest fresh funding for Trade Republic brings their total market valuation to $5.3B.
- The trading platform offers ETFs, fractional stocks, and recently enabled crypto trading for BTC, ETH, LTC, and BCH.
- Trade Republic only operates in Germany, Austria, and France but still has over $7.3B in AUM and over 1M users.
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 A message from CLEARBANC Clearbanc raises $100M Series C, rebrands as Clearco. Clearco (FKA Clearbanc) is tired of being only a bank. Last week, the world’s largest e-commerce investor announced that they had raised a $100 million Series C at a $2 billion valuation, and would be rebranding as Clearco.
But fundraising, it turns out, isn’t all big cheques and popping champagne. Clearco CEO and Co-Founder Andrew D’Souza detailed the experience of raising their Series C, and the difficulties that founders face when seeking venture capital. Read More
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QUICK HITS - Data from a recent survey reveals demand for on-prem software equals public cloud and 90% of ISVs report growth of on-prem sales. *
- The U.S. Treasury Department released a report today requiring businesses to report crypto transfers of over $10K to the IRS.
- Invezz analysts predict the NFT market to double by October, with trade volumes potentially approaching $126M in July.
- UPenn’s Wharton School of Business received a $5M BTC donation facilitated by NYDIG and immediately liquidated it into fiat.
- Instagram will be hosting an event for NFT creators as part of its “Creator’s Week.”
- Red Bull’s F1 racing team announced that it would be releasing its first set of NFTs on the Tezos blockchain.
- This fintech platform has returned over $150M in interest to investors across art, real estate, legal finance and more, and wants to give you up to a $500 bonus to get started. *
*This is sponsored content
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Upcoming events hosted by Inside.com - May 27th, 2021 - Inside Cryptocurrency: The Future of Finance is DeFi
- June 2nd, 2021 - Inside Transportation: Last Mile Delivery
- June 8th & 9th, 2021- Inside Venture Capital: Meet Out Fund
To register for our events visit: events.inside.com
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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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Clearco provides up to $10M in equity-free capital for e-commerce and SaaS companies looking to grow their business while retaining ownership. | |
