The global crypto market cap is $2.49T 3.44%▲ with a 24-hour market volume of $125.26B 17.63%▲. Bitcoin's dominance is currently 46.51% 1.14%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $61,371.52 | 7.02% ▲ | | 2 | Ethereum ETH | $3,853.69 | 2.05% ▲ | | 3 | Binance Coin BNB | $472.31 | 1.12%▲ | | 4 | Cardano ADA | $2.22 | 1.88%▲ | | 5 | XRP XRP | $1.14 | 1.38% ▲ | Source: CoinMarketCap, 3:30 EST
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 Axie Infinity surpassed NBA Top Shot and CryptoPunks in total trading volume. Axie Infinity is now the most traded NFT project of all time at $2.5B in trading volume. More: - Axie Infinity had $2.08B in trading volume in Q3, making up 83% of its historical volume.
- The play-to-earn NFT game additionally saw $800M in revenue during Q3.
- Axie Infinity released its 1.1.0a update yesterday, making changes including resetting Axie levels to one each time they are traded and enabling friend challenges.
- Axie holders staked $2.5B AXS over the past two weeks.
- The broader crypto-gaming industry recorded 1.53 million unique active wallets interacting with a smart contract daily.
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TOP ETHEREUM NFT COLLECTIONS | # | Name | 24h Volume | 24h % | | 1 | Kaiju Kingz | $22.14M | - | | 2 | Axie Infinity | $16.84M | 7.71% ▼ | | 3 | [HT] Fusion | $10.4M | - | | 4 | MekaVerse | $5.36M | 61.69%▼ | | 5 | Metasaurs | $3.09M | 0.14% ▲ | Source: DappRadar, 3:30 pm EST
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Filecoin (FIL) announced that it would become the official NFT storage provider of Dapper Labs’ Flow (FLOW) blockchain. The partnership will enable decentralized storage of Flow-based NFTs using the InterPlanetary File System (IPFS). More: - The Flow blockchain was launched by Dapper Labs at the end of 2020 and is the home of Dapper Labs NFT projects NBA Top Shot and CryptoKitties.
- Filecoin offers a decentralized data storage solution, similar to Amazon Web Services’ S3, by implementing an economic incentive system on top of IPFS.
- Dapper Labs’ collaboration with Filecoin sets out to address the growing concern of the centralization of NFT file storage.
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 Tether agreed to pay $41M to the CFTC for “untrue or misleading statements” about USDT. The CFTC stated that Tether at least misrepresented its reserve for USDT between June 2016 and Feb. 2019. More: - The CFTC additionally settled charges with iFinex Inc., BFXNA Inc., and BFXWW Inc. for their connection to Bitfinex’s violation of the CEA.
- Tether released a statement recognizing both the USDT and Bitfinex settlements and stating that the CFTC could not find an issue with Tether’s current operations.
- Tether has reportedly changed its USDT terms of service outside of the timeframe of the investigation.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Polygon MATIC | $1.48 | 18.57% ▲ | | 2 | UNUS SED LEO LEO | $2.95 | 8.70% ▲ | | 3 | Helium HNT | $21.30 | 7.90% ▲ | | 4 | Polkadot DOT | $42.79 | 7.65% ▲ | | 5 | Solana SOL | $160.26 | 7.46% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Axie Infinity AXS | $127.67 | 7.33%▼ | | 2 | Flow FLOW | $17.41 | 6.47%▼ | | 3 | Shiba Inu SHIB | $0.00002661 | 3.70%▼ | | 4 | Stacks STX | $2.04 | 5.57%▼ | | 5 | Revain REV | $0.0188 | 5.38%▼ | Source: CoinMarketCap, 3:30 EST
*Limited to cryptocurrencies in the Top 100
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The SEC is expected to allow U.S. bitcoin (BTC) futures ETF trading next week. The statement from an unnamed source came as bitcoin reclaimed $60,000 for the first time since April. More: - The SEC has continuously denied BTC ETFs since the Winklevoss twins filed the first BTC ETF application back in 2013.
- Unlike previous BTC ETFs, futures contract ETFs are filed under mutual fund rules and were viewed more positively by SEC Chairman Gary Gensler.
- Out of the current ETF applications pending, proposals from ProShares and Invesco are structured as bitcoin futures ETFs.
- Bitcoin has climbed 90% over the past three months, reaching a local high only 7% below its ATH of $64,869.
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 Crypto mining firm Stronghold Digital filed with the SEC for a $100M IPO on the Nasdaq. According to the filing, SDIG will IPO at around $16 to $18 per share. More: - Stronghold currently operates around 3,000 crypto miners and has entered agreements to purchase another 26,150 more over the next year.
- The funds from the IPO would be used to purchase around 55,800 additional miners, giving Stronghold a total of 84,950 mining rigs.
- Stronghold described its Scrubgrass, Penn. mining facility as an “environmentally-beneficial coal refuse power station.”
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 Midwest Tungsten Service sales have increased 300% as crypto traders move from "digital gold" to physical tungsten cubes. The Tungsten cube supplier is currently working with Amazon to restock the cube supply. More: - Castle Island Ventures’ Nic Carter, Coin Center’s Neeraj Argawal, Inside’s Griffin McShane, and others on Twitter have taken the opportunity to take a break from the digital asset world and enter a more tangible, cube-shaped one.
- According to Amazon reviews, the cube is very chonk, enjoyable to hold, and helps you fully appreciate the strange and still mysterious power of gravity. It also has the potential to cure mortality.
- Following the surge in sales, Midwest Tungsten is considering enabling crypto payments for tungsten.
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- Indexed Finance index pools were exploited in a hack for $16M.
- MicroStrategy’s 114,042 BTC purchased at $3.16B are now worth $6.7B.
- Australia is establishing new legislation to enforce stricter penalties for ransomware attacks.
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 |  | Griffin McShane is a New York transplant currently living in Brooklyn, NY. He is a graduate of Providence College, where he studied both computer science and business, and the University of Maine School of Law, where he earned his JD. Beyond his work at Inside, Griffin has written articles for CoinDesk and is a member of the International Association of Privacy Professionals (IAPP). |  | | 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. | |
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