The global crypto market cap is $2.62T 0.37%▲ with a 24-hour market volume of $104.26B 6.47%▲. Bitcoin's dominance is currently 44.71% 0.69%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $62,171.00 | 1.22% ▼ | | 2 | Ethereum ETH | $4,217.86 | 0.57% ▲ | | 3 | Binance Coin BNB | $484.83 | 0.13%▲ | | 4 | Cardano ADA | $2.17 | 0.68%▲ | | 5 | Solana SOL | $207.43 | 2.25% ▼ | Source: CoinMarketCap, 3:30 EST
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 The first initial litigation offering (ILO) launched on Republic's retail user platform. The ILO is seeking $5M in funding for the case Apothio, LLC v. Kern County, California. More: - The $1B lawsuit in federal court claims that the Kern County Sheriff's Department improperly destroyed Apothio's hemp crop after alleging it exceeded legal THC limits.
- If the case is dismissed, investors get 80% of their investment back. If plaintiffs lose, investors lose all of their funds. Otherwise, it is expected that the ROI will be around 2-3.5x.
- The ILO tokens issued by law firm Roche Freedman were developed on the Avalanche (AVAX) blockchain.
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TOP ETHEREUM NFT COLLECTIONS | # | Name | 24h Volume | 24h % | | 1 | Axie Infinity | $15.36M | 7.50% ▼ | | 2 | CryptoPunks | $4.21M | 35.32% ▼ | | 3 | Neo Tokyo Identities | $2.92M | 190.20% ▲ | | 4 | Inertial Moment | $2.27M | 34.11% ▼ | | 5 | RareBunniClub | $1.91M | 360.40% ▲ | Source: DappRadar, 3:30 pm EST
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 Helium (HNT) partnered with DISH Network to develop a user-powered wireless network. Helium will provide DISH with over 250,000 Helium hotspots. More: - Helium’s wireless network connects to the internet through LoRaWAN, which gets strengthened through the adoption of network hotspots.
- DISH will connect customers with Helium and FreedomFi 5G hotspots to create its decentralized network.
- Helium hotspot operators are rewarded in HNT for their participation in the Helium network ecosystem.
- DISH is additionally looking to hire a digital currency and blockchain product lead.
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 🍋Fresh Funding🍋 Coinlist, Exchange: $100M ⮕ The Series A funding round was co-led by Accomplice VC and Agman Partners with participation from GoldenTree Asset Management, Fenbushi Capital, Continue Capital, and others. More: - Coinlist is a crypto exchange platform offering early access to new tokens before they’re available on other exchanges.
- Over the past year, Coinlist has expanded its user base 40x to 4.5M users across 170 different countries.
- Following the Series A, Coinlist reached a valuation of $1.5B.
Drift, DEX/Perpetual Swap: $3.8M ⮕ The funding round was led by Multicoin and participated in by Alameda research, Jump Capital, Not3Lau, Robot Ventures, and others. More: - Drift is a Solana (SOL) based DEX offering on-chain, cross-margined perpetual futures.
- Unlike similar offerings from BitMEX, Drift uses a Dynamic Automated Market Maker (DAMM) to eliminate the need for third-party market makers but mitigate the effect of slippage that comes from traditional AMMs.
- The fresh funding will be used to provide liquidity to the platform and create an insurance fund.
- Drift launched its alpha mainnet yesterday for its Drift Alpha Ticket NFT holders.
Immunefi, Web3/Bug Bounties: $5.5M ⮕ The funding round was led by Electric Capital and participated in by The LAO, Blueprint Forest, 3rd Prime Ventures, BR Capital, and others. More: - Immunefi is a Web3 and DeFi bug bounty program that has paid out over $7.5M in bug bounties to date.
- DeFi protocols have suffered $1.7B in losses from exploits this year, up from $120M in 2020.
- Belt Finance paid a $1.05M bug bounty on Immunefi for discovering a critical vulnerability that put over $10M in digital assets at risk.
KYVE, Data Provider: $2.8M ⮕ The funding round was led by Permanent Ventures and Hypersphere Ventures with participation from Zee Prime, CMS Holdings, Arweave, Avalanche Foundation, Solana Foundation, and others. More: - KYVE immutable storage and validation for data streams through the Arweave (AR) blockchain.
- The project aims to create a decentralized security layer for blockchains to prevent a single point of failure. The system is currently being tested on the Avalanche (AVAX) blockchain.
- The KYVE team plans to launch a utility token for uploading and validating data and participate in governance sometime next year.
Swivel Finance, DeFi/Lending: $3.5M ⮕ The funding round was participated in by Multicoin Capital, OKEx Ventures, GSR Markets, CMT Digital, SevenX Ventures, and others. More: - Swivel Finance is a DeFi lending protocol offering fixed and amplified yield products.
- The project uses a two token system (nTokens and zcTokens), unlike other lending protocols like Aave, to achieve a fixed-interest rate yield.
- The fresh funding will be used to expand Swivel’s operations ahead of its mainnet launch in November.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Holo HOT | $0.01147 | 20.14% ▲ | | 2 | Secret SCRT | $8.60 | 20.08% ▲ | | 3 | Shiba Inu SHIB | $0.000049 | 17.87% ▲ | | 4 | Cosmos ATOM | $40.90 | 15.61% ▲ | | 5 | Helium HNT | $24.47 | 14.88% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | OKB OKB | $24.38 | 5.28%▼ | | 2 | XDC Network XDC | $0.1014 | 4.48%▼ | | 3 | Elrond EGLD | $279.55 | 4.29%▼ | | 4 | Zcash ZEC | $165.98 | 3.69%▼ | | 5 | Zilliqa ZIL | $0.1097 | 3.09%▼ | Source: CoinMarketCap, 3:30 EST
*Limited to cryptocurrencies in the Top 100
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 NEAR Protocol (NEAR) reached an ATH following its announcement of an $800M ecosystem fund. NEAR is currently up around 17%, down slightly from its ATH of $12.62. More: - NEAR is a PoS blockchain platform for dApps backed by prominent crypto investors like a16z, Pantera Capital, and Coinbase Ventures.
- Similar to Ethereum 2.0, NEAR uses a technique that splits its blockchain network into multiple pieces known as sharding. Sharding enables parallel computation, which can greatly increase the blockchain’s scalability.
- The ecosystem fund is focused on DeFi projects as well as NFTs, DAOs, and gaming.
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 FDIC Chair Jelena McWilliams claimed that the FDIC is exploring a framework for banks and clients to hold crypto. Alongside other U.S. bank regulators, the FDIC wants to incentivize entities to hold BTC and other currencies within U.S. regulated corporations. More: - By allowing banks to hold crypto, the FDIC could provide regulatory clarity on custodial trading, crypto-collateral loans, and holding crypto on balance sheets.
- The FDIC, Federal Reserve, and Office of the Comptroller of the Currency have been collaborating on a “sprint” team for crypto regulation since May.
- McWilliams stated that the biggest issue in regulation right now is determining valuations and liquidity for companies holding crypto.
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 Australian Bitcoin mining firm Iris Energy filed for an IPO on the Nasdaq. The F-1 filed with the SEC states that the firm aims to raise $100M and trade under the ticker IREN. More: - The IPO prospectus was filed two months after Iris filed for a direct listing in Australia.
- Iris Energy operates with a hash rate of 0.7 exahashes per second, making up 0.4% of Bitcoin’s total hash rate.
- Unlike other Bitcoin mining firms, Iris does not hold bitcoin on its balance sheet but instead liquidates any Bitcoin mined on a daily basis.
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- GameStop posted an Ethereum Web3 job listing for a Head of Web3 Gaming with experience in “Ethereum, NFTs, and blockchain-based gaming platforms.
- Bored Ape #8817 sold for a record $3.4M at Sotheby’s Natively Digital 1.2 auction.
- Adobe partnered with Rarible to enable NFT authentication via Adobe Content Credentials.
- Tom Brady traded 1 BTC and a signed jersey to a fan for the return of the ball used for his 600th touchdown pass.
- Avalanche (AVAX) integrated Ampleforth (AMPL) to expand its DeFi ecosystem.
- Valid proof of consent is key to acquiring and using sales and marketing data ethically. Download the infographic to learn more.*
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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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