The global crypto market cap is $2.20T 1.66%▲ with a 24-hour market volume of $109.30B 5.66%▲. Bitcoin's dominance is currently 43.33% 0.41%▲. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $50,587.75 | 2.71% ▲ | | 2 | Ethereum ETH | $3,452.95 | 1.04% ▲ | | 3 | Binance Coin BNB | $439.33 | 2.66%▲ | | 4 | Cardano ADA | $2.21 | 0.28%▼ | | 5 | XRP XRP | $1.07 | 1.87% ▲ | Source: CoinMarketCap, 2:30 EST
| |
 Q3 NFT trading volume jumped 704% from last quarter, reaching $10.67B. Dappradar’s Q3 2021 Industry Report found that 77.73% of all NFT transactions occurred on the Ethereum network. More: - Axie Infinity’s Ronin sidechain accounted for 19.53% of the total NFT transaction volume.
- Only 2.74% of the Q3 trading volume occurred on chains other than Ethereum or Ronin.
- The total market cap for the top 100 Ethereum NFT collections and NBA Top Shot reached $14.19B.
- Splinterlands was the most played dapp in Q3, reaching an average of 238,000 daily UAW in September, up 1,376% from Q2.
| |
 Thanks to our sponsor UTU.ONE for making this event possible. TOP ETHEREUM NFT COLLECTIONS | # | Name | 24h Volume | 24h % | | 1 | Axie Infinity | $20.95M | 2.01% ▲ | | 2 | CrypToadz (GREMPLIN) | $12.76M | 31.67% ▼ | | 3 | MutantCats | $8.38M | - | | 4 | The Humanoids | $7.37M | - | | 5 | CryptoPunks | $7.02M | 30.75% ▼ | Source: DappRadar, 2:30 pm EST
| |
Chainalysis acquired cybercrime protection firm Excygent. The terms of Chainalysis’s first acquisition haven't been disclosed at this time. More: - Excygent is a Washington, D.C.-based startup that assists in cyber investigations and operational data analytics.
- Chainalysis previously collaborated with Excygent on the U.S. government’s investigation and seizure of $1B in crypto from the Silk Road.
- Chainalysis’s acquisition comes just over six months after it reached a $2B valuation in a $100M Series D funding round.
| |
 A message from VOICE Introducing Voice: an NFT platform for emerging creators The NFT market surged to new highs in the Q2 of 2021, hitting $2.5 billion in sales so far this year. Yet even during its busiest time, there were fewer than 50k active participants - meaning there’s a long way to go before the technology hits the mainstream. (source) That’s because hurdles are high for creators looking to get involved. A steep learning curve and complex onboarding have kept the technological benefits of NFTs to a relatively small audience - until now. Introducing Voice, a carbon neutral NFT platform built specifically for emerging creators. The platform is environmentally friendly and has a clear path to becoming decentralized and portable. Voice is easy to use for both creators, who can mint for free, and collectors, who can use credit cards to purchase. The platform is being built with real-time feedback from both established curators and emerging creators. Voice believes that NFTs can change how we all share, collect and exchange ideas. Start minting today for free at Voice.com
| |
 🍋 Fresh Funding 🍋 Ramp, Infrastructure: $30M ⮕ The Series A funding round was led by Balderton Capital. More: - Ramp is a crypto on-ramp startup for transferring fiat into cryptocurrencies and other digital assets.
- The startup is one of 13 crypto companies to receive the FCA’s AML register.
- Four months ago, Ramp held a $9M seed funding round led by NfX and Galaxy Digital. It also raised $1.2M in a pre-seed funding round back in 2018.
Sky Mavis, NFT/Gaming: $152M. The Series B funding round was led by a16z with participation from Accel, Paradigm, and others. More: - Sky Mavis is the blockchain development firm behind the NFT-based game Axie Infinity (AXS).
- The fresh funding will be used to expand the Sky Mavis team and build “The Mavis Hub” for blockchain-based game distribution.
- While the post-funding valuation wasn’t disclosed, Sky Mavis is reportedly valued at close to $3B, according to sources with direct knowledge of the deal.
THORSwap, DeFi/DEX: $3.75M. The private token sale round was led by IDEO CoLab Ventures and participated in by True Ventures, Sanctor Capital, Thorchain, 0xVentures, and others. More: - THORSwap is a non-custodial, multi-chain DEX built for the Thorchain ecosystem.
- The exchange enables users to swap native assets between different blockchains without the need for wrapped assets.
- The fresh funding will be used to scale the platform and accelerate the launch of new Thorchain products.
| |
▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Shiba Inu SHIB | $0.00001879 | 64.52% ▲ | | 2 | Dogecoin DOGE | $0.2588 | 13.05% ▲ | | 3 | Internet Computer ICP | $55.29 | 12.71% ▲ | | 4 | Theta THETA | $6.67 | 10.38% ▲ | | 5 | Mina MINA | $4.74 | 8.11% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Terra LUNA | $44.47 | 9.27%▼ | | 2 | OMG Network OMG | $15.47 | 8.22%▼ | | 3 | Flow FLOW | $19.49 | 7.99%▼ | | 4 | Tezos XTZ | $7.85 | 7.94%▼ | | 5 | Axie Infinity AXS | $128.39 | 7.68%▼ | Source: CoinMarketCap, 2:30 EST
*Limited to cryptocurrencies in the Top 100
| |
 Stablecoin provider Circle was served by the SEC, according to a recent regulatory filing. The USDC provider received the investigative subpoena back in July and stated that it is fully cooperating with the investigation. More: - Circle will be required to turn over documents and information related to Circle’s “holdings, customer programs, and operations.”
- The subpoena came a month after the company released its interest yield product, Circle Yield.
- In August, Circle applied for a banking charter, seemingly anticipating the U.S. Treasury’s plans to regulate stablecoin issuers as banks.
| |
 A message from THE MOTLEY FOOL ALERT: We're Issuing a Rare "Double Down" Buy Alert. Things are changing fast in the stock market, but we're staying focused on the future. That's why we're issuing a "Double Down" buy alert on our top stocks for 2021. Double down recommendations give investors who missed the boat on a great stock a chance to get in again, and investors who already bought a chance to add to any gains they may have seen. Previous double down picks from The Motley Fool include: - Netflix (up 31,058%)
- Amazon (up 1,843%)
- Apple (up 2,656%)
The Motley Fool's Stock Advisor service has an average return of 625% (*returns as of 9/15/21). Tell me more
| |
U.S. Bank announced that it would offer crypto custody services for fund managers. The fifth-largest retail bank in the country will assist in the storage of private keys via sub-custodian NYDIG. More: - U.S. Bank will begin offering custody services for Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC), but plans to expand support in the future.
- Bank of New York Mellon, State Street, and Northern Trust have previously announced custody services for crypto.
- The product offerings are only available for institutional managers with private funds in the U.S. or Cayman Islands.
| |
 The Hong Kong Monetary Authority (HKMA) published a technical whitepaper for its retail CBDC. ‘e-HKD: a technical perspective’ covers the economic and technical feasibility of the e-HKD for both domestic and international markets. More: - The whitepaper uniquely outlines transaction traceability with privacy protections as a prominent feature.
- Besides privacy, the paper highlights six other areas of concern: interoperability, scalability, cybersecurity, compliance, operational robustness, and resilience.
- The HKMA has been actively working on CBDCs since it launched Project LionRock in 2017. Project LionRock aimed to create a collaborative, wholesale CBDC with other central banks.
| |
QUICK HITS - Bookkeeping is like going to the dentist. Few want to do it, but not doing it isn’t an option, either. Here’s what DIY bookkeeping really costs.*
- Cosmos’s (ATOM) IBC protocol surged in network activity, recording over 1 million transfers over the past month.
- Crypto exchange KuCoin issued a statement to its users in mainland China to withdraw all funds by the end of this year.
- Citadel CEO Kenneth Griffin told the Economic Club of Chicago that Citadel wouldn’t trade crypto until there’s regulatory certainty.
- Bitcoin (BTC) mining revenue rose above $40M per day in October, up 275% since the halving event in 2020.
- Gary Vaynerchuk’s Empathetic Elephant sold at Christie’s for $412,500, exceeding the value of other auctioned works from Jackson Pollock, Andy Warhol, and others.
- Bitcoin (BTC) reached $50,000 for the first time since El Salvador adopted BTC as legal tender.
- Stand on the edge of tomorrow by following global market trends and spotting the best investment opportunities. Try Semrush .Trends!*
* Sponsored Content
| |
Upcoming Events - October 6 - Design for Startups (Register Here)
- October 12 - Join Flatfile as they announce a groundbreaking upgrade to its customer data onboarding platform. (Register Here)*
- October 14 - NFT Community Collectibles (Register Here)
- October 26-27 - Meet our Fund Fall ’21 Cohort (Register Here)
Want to see all of our upcoming events? Visit us at https://inside.com/events DID YOU KNOW WE'RE HIRING? *This is a sponsored post.
| |
 |  | 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 | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
| |
The Motley Fool provides free and premium investment guidance to millions of individual investors around the world. | |
