The global crypto market cap is $1.49T 7.67%▼ with a 24-hour market volume of $142.43B 66.10%▲. Bitcoin's dominance is currently 41.02% 0.06%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $32,819.92 | 7.78% ▼ | | 2 | Ethereum ETH | $2,483.72 | 8.22% ▼ | | 3 | Binance Coin BNB | $347.00 | 10.13% ▼ | | 4 | Cardano ADA | $1.54 | 8.06% ▼ | | 5 | Dogecoin DOGE | $0.3295 | 7.64% ▼ | *Prices as of 3:15 p.m. ET.
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 Tim Wu, a tech and antitrust advisor for the White House, disclosed that he currently holds $1M-$5M in BTC. BTC is the largest holding in Wu’s portfolio. More: - Wu joined Biden’s administration back in March, where he served as special assistant for tech and competition policy for the National Economic Council.
- In addition to being a BTC holder, Wu is most commonly known for defining the term “net neutrality” in a co-published research commentary in 2018.
- Although his position does not involve crypto-related matters, analysts hope he will help bring about clearer regulatory clarity.
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 Spartan Group plans to start investing its newly raised $110M fund. The fund will focus its capital on DeFi application layer projects across several networks, including Ethereum and Solana. More: - The majority of fund investors were based in Asia, but it also received capital from U.S. and EU investors.
- The firm declined to share the names of investors but said they are “traditional folks” and “family offices” that have previously invested in the space.
- DeFi investments have been growing over the past month, with Framework ventures announcing a $100M fund in mid-May.
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▲ TOP GAINERS / ▼ LEAST LOSERS | # | Name | Price | 24h % | | 1 | Theta Fuel TFUEL | $0.5858 | 13.77% ▲ | | 2 | UNUS SED LEO LEO | $2.66 | 8.19% ▲ | | 3 | Helium HNT | $13.89 | 0.39% ▲ | | 4 | Revain REV | $0.01104 | 0.19% ▼ | | 5 | Solana SOL | $39.59 | 5.89%▼ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Klaytn KLAY | $0.995 | 18.02%▼ | | 2 | BakeryToken BAKE | $3.05 | 17.48%▼ | | 3 | Internet Computer ICP | $83.30 | 17.42%▼ | | 4 | Filecoin FIL | $74.70 | 16.51%▼ | | 5 | Fantom FTM | $0.2851 | 14.63%▼ | *Limited to cryptocurrencies in the Top 100. Prices as of 3:15 p.m. ET.
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 🍋Fresh Funding🍋 Blockdaemon, DeFi/Infrastructure: $28M ⮕ The Series A funding round was participated in by Goldman Sachs, BlockFi, Greenspring Associates, Warburg Serres, and others. More: - Blockdaemon provides node infrastructure to stake, scale and deploy nodes while providing security and monitoring.
- The startup offers companies including PayPal, Robinhood, and E*Trade, with blockchain infrastructure support.
- Goldman Sachs has been increasingly investing in DeFi companies, including a leadership position in a $15M funding round for Coin Metrics.
Flare, DeFi/Smart Contracts: $11.3M ⮕ The seed round attracted funding from Digital Currency Group, cFund, Wave Financial, Kinetic capital, Coinfund, LD Capital, Borderless Capital, Backend Capital, and others. More: - The startup provides a distributed network of nodes through the Avalanche protocol but provides Turing complete smart contracts within an Ethereum Virtual Machine (EVM).
- Flare’s native token, Spark (FLR), provides collateral within dApps, staking rewards, and governance participation within the ecosystem.
- The "F-asset" protocol of the Flare ecosystem ensures decentralization of its smart contracts without the need for centralized intermediaries.
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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 | Eduardo Garcia is a writer and editor based in New York. He is writing an illustrated book about climate change that will be published by Ten Speed Press, an imprint of Penguin Random House. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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