The global crypto market cap is $2.62T 4.28%▲ with a 24-hour market volume of $113.58B 10.14%▲. Bitcoin's dominance is currently 41.95% 0.01%▲. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $58,417.05 | 3.65% ▲ | | 2 | Ethereum ETH | $4,457.82 | 4.79% ▲ | | 3 | Binance Coin BNB | $625.60 | 2.70% ▲ | | 4 | Solana SOL | $207.75 | 4.72% ▲ | | 5 | Cardano ADA | $1.62 | 2.47%▲ | Source: CoinMarketCap, 5:00 EST
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 Celsius CFO Yaron Shalem was suspended from his position following external fraud and sexual assault allegations. Celsius stated that the active investigation of an "employee" does not involve Shalem's activities at Celsius. More (Shalem): - Following the arrest but before any statement from Celsius, the lending firm announced a $350M expansion to its Series B funding round from October.
- Initial reports came out last week that entrepreneur and Sirin Labs CEO Moshe Hogeg was arrested with seven others by Israeli police.
- A source confirmed Shalem's suspension with an official internal letter stating that Shalem was suspended on Nov. 18 for misusing funds to "procure sexual relations with underage girls."
- The internal letter claims the arrest is related to activities four years ago, which coincides with Shalem's time as CFO for Hogeg's VC firm Singulariteam.
More (Hogeg): - NFT platform Ownix fired Hogeg from his position as a consultant to the platform immediately following the arrest.
- FC Barcelona subsequently terminated its brand partnership with Ownix less than two weeks after it was announced due to information received that went against the club's values.
- Hogeg has previously faced domestic and international lawsuits for fraud and misappropriation of funds connected to Singulariteam's ICOs for LeadCoin, Stox, and Sirin Labs.
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Axie Infinity ETH, RONIN | $20.02M | 12.63% ▲ | | 2 | the littles NFT ETH | $13.22M | 147.06% ▼ | | 3 | The Sandbox ETH | $12.85M | 34.36% ▲ | | 4 | Bored Ape Yacht Club ETH | $7.02M | 163.30% ▼ | | 5 | Decentraland ETH | $3.78M | 70.51% ▲ | Source: DappRadar, 5:00 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | CryptoPunks | Ξ 81.75 | 2.62% ▼ | | 2 | Bored Ape Yacht Club | Ξ 47.98 | - | | 3 | Autoglyphs | Ξ 225 | - | | 4 | Fidenza - AB Curated | Ξ 100 | 9.09% ▲ | | 5 | Mutant Ape Yacht Club | Ξ 6.50 | 2.36% ▲ | Source: NFT Price Floor, 5:00 pm EST
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 Paradigm's Fred Ehrsam revealed Virgil Abloh's plans to create a DAO. According to the whitepaper, the "SKYSCRAPER" DAO was set to be a collaborative, digital design community. More: - In a series of Tweets, Ehrsam stated that the concept for SKYSCRAPER was Abloh's plan to change the balance of power in favor of creators.
- Enhrsam also included a preview of Abloh's first NFT, "Self Portrait," depicting a physical version of SKYSCRAPER smashing through the Louvre.
- Abloh, the visionary fashion creative at Off-White and Louis Vuitton, died of a rare form of cancer on Sunday at age 41.
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 Former Citigroup executive Matt Zhang has launched a new $1.5B crypto venture fund called Hivemind Capital Partners. Hivemind will deploy the capital through four main strategies: yield staking, trading, venture capital investments, and play-to-earn gaming. More: - Sam Peurifoy, a former Goldman Sachs analyst who left his job to pursue a career in the play-to-earn gaming space under the moniker "Das Kapitalist," will lead Hivemind's P2E Gaming arm.
- Hivemind plans to initially focus on the building and scaling of existing GameFi gaming communities.
- Hivemind expects to add an additional four to five partners in the next 6-12 months.
- Institutional investors like pensions, endowments, sovereign wealth funds, and family offices have reportedly "shown interest" in investing in Hivemind's new fund.
Zoom Out: - Interest in crypto funds from qualified institutional investors is consistent with recent investment trends seen by crypto VC firms like Pantera Capital, a16z, and Paradigm.
- Zhang, who worked for Citigroup for 14 years as the co-head of its structured-products trading and solutions division, has joined a growing group of traditional finance executives that have left their firms to join crypto ventures.
Looking for more on the latest in VC funding? Check out Inside Venture Capital.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Tezos XTZ | $5.50 | 19.47% ▲ | | 2 | Stacks STX | $2.13 | 12.11% ▲ | | 3 | Shiba Inu SHIB | $0.00004281 | 11.27% ▲ | | 4 | Arweave AR | $61.57 | 9.43% ▲ | | 5 | PancakeSwap CAKE | $14.59 | 9.26% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Crypto.com Coin CRO | $0.7296 | 3.75%▼ | | 2 | Elrond EGLD | $402.15 | 2.38%▼ | | 3 | The Graph GRT | $0.9815 | 1.71%▼ | | 4 | Unus Sed Leo LEO | $3.31 | 1.61%▼ | | 5 | Voyager Token VGX | $4.38 | 8.32%▼ | Source: CoinMarketCap, 5:00 EST
*Limited to cryptocurrencies in the Top 100
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 Decentralized Exchange (DEX) volume for November has nearly reached $100B. November’s DEX transaction volume of over $99.5B is the highest since May’s ATH of $162.83B. More: - Uniswap v1 and v2 accounted for 82% ($81.44B) of the total DEX volume for the month.
- USDC/ETH is the most popular DEX trading pair, with around $654.4M in transactions on Uniswap over the past 24 hours alone.
- SushiSwap remained the second most popular DEX with $19.94B in monthly volume, followed by Curve ($6.79B) and Serum ($2.54B).
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 Ethereum (ETH) co-founder Vitalik Buterin proposed an Ethereum upgrade to reduce gas fees. Buterin's EIP-4488 proposal aims to provide a temporary fix to an ongoing problem that would also provide network security. More: - The proposal sets to temporarily cut fees and costs for rollups and Layer-2 solutions to incentivize rollup development.
- To do so, Buterin suggested that limiting the calldata gas costs from 16 to 3 would provide the same solution but raised concerns over network strain.
- Some developers criticized Buterin's proposal, stating that the upgrade would drop transactions during high congestion times, ultimately leading to even higher fees.
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South Korea’s largest telecom provider, SK Telecom, took a 35% stake in crypto exchange Korbit. SK Square, the telecom provider’s investment subsidiary, invested 90B won ($75M) to acquire the stake. More: - Korbit is one of the four largest crypto exchanges in South Korea, alongside Bithumb, Upbit, and Coinone.
- SK Square spun out of SK Telecom, with the Korbit investment announcement coming on the same day as its listing on the Korea SE.
- Following the investment, Korbit stated that it plans to collaborate with SK Square on the promotion of NFT and Metaverse products.
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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. | |
DeFi Saver is a one-stop dashboard for creating, managing, and tracking your DeFi positions. | |
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