GTS entered the DeFi market / Square announced BTC wallet / Fresh Funding for BullPerks

Plus: Mayweather received boos at Bitcoin 2021 after shilling EthereumMax.

Inside.com Part of   Network June 07, 2021

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The global crypto market cap is $1.63T 3.63%▼ with a 24-hour market volume of $85.61B 3.40%▲. Bitcoin's dominance is currently 41.02% 0.19%▼. CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $35,575.04 0.87% ▼ 2 Ethereum ETH $2,698.70 0.25% ▼ 3 Binance Coin BNB $384.07 0.83% ▼ 4 Cardano ADA $1.67 0.01% ▼ 5 Dogecoin DOGE $0.3574 3.51% ▼ *Prices as of 2:45 p.m. ET.

GTS, the trading firm that facilitates IPOs on the New York Stock Exchange, announced its entrance into the DeFi market. The firm joined the Pyth Network, a platform for Wall Street market data on the Solana blockchain. More: GTS will run an independent node on the Pyth, providing real-time pricing from its own market data. Jump Trading is currently leading the Pyth Network data project. Following the announcement, the Solana (SOL) team announced that it would be raising an additional $450M in fresh funding.

Square is creating a bitcoin hardware wallet. The wallet will be non-custodial and is directed toward mobile users. More: According to Jack Dorsey, the wallet will be directly integrated into Square’s Cash App. Square has backed BTC in the past by investing ~$220M into the crypto and funding green BTC mining companies. Additional security procedures, layer two solutions, and fund recovery measures were also discussed for the wallet integration.

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🍋Fresh Funding🍋 BullPerks, DeFi/VC: $1.8M ⮕ The private funding round was led by investors including X21, GD10, Shima Capital, AU21, Alphabit, Darkpool, Sora Ventures, ThreeM Capital, and others. More: BullPerks offers an adaptive tiered system allowing for decentralized investors to take part in early-stage VC deals. Their multichain launchpad offers founders and projects help in raising funds, PR, and marketing. The startup plans on integrating the Solana, Polygon, Tezos, and Cardano chains within the next quarter.

▲ TOP GAINERS # Name Price 24h % 1 Theta Fuel TFUEL $0.5235 18.60% ▲ 2 THETA THETA $9.61 8.71% ▲ 3 DigiByte DGB $0.06961 5.83% ▲ 4 Tezos XTZ $3.82 5.42% ▲ 5 Mdex MDX $2.19 3.96%▲ ▼  TOP LOSERS # Name Price 24h % 1 Klaytn KLAY $1.21 6.51%▼ 2 Avalanche AVAX $16.69 5.60%▼ 3 Curve DAO CRV $2.32 4.48%▼ 4 Internet Computer ICP $101.23 4.44%▼ 5 SushiSwap SUSHI $11.04 4.22%▼ *Limited to cryptocurrencies in the Top 100. Prices as of 2:45 p.m. ET.

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QUICK HITS Transform window shoppers into loyal customers with these 5 tactics used by best-in-class brands. * MicroStrategy announced the offering of $400M in senior notes to buy more BTC. The announcement stated that Microstrategy’s 92.1K BTC and any newly purchased coins would be held by its subsidiary, MacroStrategy LLC. Tezos (XTZ) jumped 17% in the past 24hrs, reaching a market cap of $3.4B.  Binance picked 100 artists to sell NFTs on their upcoming exchange. Floyd Mayweather received backlash at Bitcoin 2021 after stepping onto the main stage in an “EthereumMax” t-shirt and stating that another crypto will be “just as large as Bitcoin.” El Salvador President, Nayib Bukele, announced that the country’s government would recognize bitcoin as legal tender. Invest, borrow, and spend in one place, with sophisticated automation tools to help you reach financial goals more easily. * *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 Sheena Vasani is a professional tech writer, creator, and UC Berkeley, Dev Bootcamp, and Thinkful alumna who writes Inside Dev and Inside NoCode. She recently launched Affordable Mental Help, a directory listing free and low-cost mental health resources. You can contact her at sheenavasani1[at]gmail.com.

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