A message from our CEO: Inside Community - We are running another public fundraising for Inside.com, which you can read about here. Our newsletter advertising business has been growing nicely, being profitable with $2,782,057 in revenue in the first nine months of 2021. That's up from $1,304,830 in the same period in 2020. We also added our virtual event series, which has seen over 31,000 registered attendees at over 20 events in our first year. I'm most excited about our third product, a social news community launching in Q1 of 2022. You can see a preview of the product below, and an easy way to think about it is a combination of Reddit or Slashdot with LinkedIn. We did our last fundraising in Aug. 2019 and raised $1.4M on equity crowdfunding platform SeedInvest as part of a $2.7M round. We ended Oct. 1 with a cash position of $2,451,570 and were profitable for the first nine months of the year. The goal for this fundraising is to continue to invest in hiring exceptional analysts to create our newsletters and events while developing our social news product. You can invest as little as $100, and while I'm really excited about our future, understand that startups are hard, most fail, and you should only invest money you can afford to lose. All the best, Jason 
| |  Griffin |  |
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The global crypto market cap is $2.61T 1.05%▼ with a 24-hour market volume of $124.83B 6.62%▼. Bitcoin's dominance is currently 41.18% 0.07%▲. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $56,807.99 | 0.98% ▼ | | 2 | Ethereum ETH | $4,532.87 | 2.74% ▼ | | 3 | Binance Coin BNB | $619.26 | 1.01% ▼ | | 4 | Solana SOL | $222.43 | 4.96% ▼ | | 5 | Cardano ADA | $1.54 | 2.37% ▼ | Source: CoinMarketCap, 6:00 EST
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 The U.S. House Financial Services Committee announced its witness list for its crypto hearing. The list includes CEOs Sam Bankman-Fried (FTX), Chad Cascarilla (Paxos), Jeremy Allaire (Circle), and Brian Brooks (Bitfury). More: - Coinbase CEO Brian Armstrong did not make the list, but CFO Alesia Haas will be appearing.
- The hearing, titled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States,” will begin at 10 a.m. EST on Dec. 8.
- The witness list announcement came from committee chair Maxine Waters, who has been increasingly critical of crypto since the Colonial Pipeline ransomware attack.
Related: - Maxine Waters announces congressional working group on crypto (Decrypt)
- White House issued a report on stablecoins (Inside Daily Brief)
- a16z sent four proposals to the U.S. Senate Banking Committee surrounding cryptocurrency and blockchain (Inside Venture Capital)
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Axie Infinity ETH, RONIN | $18.81M | 5.80% ▼ | | 2 | The Sandbox ETH | $12.59M | 16.41% ▼ | | 3 | CryptoPunks ETH | $5.36M | 343.40% ▲ | | 4 | Bored Ape Yacht Club ETH | $4.18M | 13.38% ▲ | | 5 | Art Blocks ETH | $3.08M | 14.47% ▼ | Source: DappRadar, 6:00 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | CryptoPunks | Ξ 78.95 | 3.43% ▼ | | 2 | Bored Ape Yacht Club | Ξ 49.269 | 4.85% ▲ | | 3 | Autoglyphs | Ξ 205 | 1.91% ▼ | | 4 | Fidenza - AB Curated | Ξ 99 | 5.56% ▲ | | 5 | Mutant Ape Yacht Club | Ξ 6.10 | 2.40% ▼ | Source: NFT Price Floor, 6:00 pm EST
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 Square announced that it will change its name to Block, effective Dec. 10. The company will continue to trade under the ticker SQ. More: - Block released a statement saying that the name could be associated with many other things, like neighborhood blocks, building blocks, and block parties, but also blockchain technology.
- Last week, Square released the white paper for the decentralized bitcoin (BTC) exchange tbDEX protocol.
- CEO Jack Dorsey recently announced that he would resign from his role as CEO of Twitter.
Related: Twitter CTO Parag Agrawal has replaced Jack Dorsey as the Company’s CEO. (Inside Tech)
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 🍋 Fresh Funding 🍋 1inch Network, DEX: $175M ⮕ The Series B funding round was led by Amber Group with participation from Celsius, Nexo, VanEck, Alameda Research, Gemini Frontier Fund, and others. More: - 1inch Network is a decentralized exchange (DEX) that offers a DEX aggregator for cost-efficient trading.
- The fresh funding will be used to launch product offerings and services for institutional customers.
- 1inch sold its 1INCH token at around a 50% discount at $1.50 per token to the Series B participants.
- Having previously held two funding rounds for a total of $14.8M, 1inch has raised $190M to date.
Note: Inside.com’s analyst and Inside Cryptocurrency writer, Griffin McShane (self), is a social media specialist for Amber Group.
CertiK, Security/Audit: $80M ⮕ The Series B2 funding round was led by Sequoia Capital with participation from Tiger Global, Coatue Management, and GL Ventures. More: - CertiK is a blockchain and smart contract security auditing firm with clients including Aave, Polygon, and Terra.
- The fresh funding will be used to continue building CertiK’s features and products as well as expanding its 130 person team.
- The latest round comes three months after CertiK’s $24M Series B+ round in August and $37M Series B in July.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Voyager Token VGX | $4.97 | 16.70% ▲ | | 2 | Klaytn KLAY | $1.53 | 10.61% ▲ | | 3 | Elrond EGLD | $414.87 | 8.76% ▲ | | 4 | Terra LUNA | $62.88 | 7.01% ▲ | | 5 | Stacks STX | $2.92 | 7.20% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Immutable X IMX | $7.30 | 11.01%▼ | | 2 | Shiba Inu SHIB | $0.00004376 | 9.97%▼ | | 3 | Qtum QTUM | $15.06 | 8.91%▼ | | 4 | Horizen ZEN | $106.90 | 8.14%▼ | | 5 | Tezos XTZ | $5.21 | 6.97%▼ | Source: CoinMarketCap, 6:00 EST
*Limited to cryptocurrencies in the Top 100
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 Miami-based Borderless Capital launched a new $500M crypto fund. The fund is focused on backing digital assets powering decentralized applications (dApps) on Algorand (ALGO). More: - The fund is specifically looking to invest in projects that can increase capital inflows to the Algorand blockchain and encourage mining, lending, borrowing, and yield farming.
- The firm is a leading investor in Algorand-based projects, with $400M invested in projects built on the blockchain.
- In the last 30 months, Borderless Capital has backed over 100 companies.
Zoom Out: - The announcement from Borderless came at the end of the flagship Algorand conference Decipher.
- Decipher 2021 was a two-day event in Miami that featured speakers including Arrington Capital’s Michael Arrington, Miami Mayor Francis Suarez, and Coinshare CSO Meltem Demirors.
- Algorand ecosystem news outlet Algopost published Day 1 and Day 2 recaps of the event.
This story is part of the Inside Business Cryptocurrency Markets Update.
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- 28% of people admitted using their personal device for work more than their work-issued device
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 Crypto-focused VC firm Hashed launched a $200M fund. Hashed Venture Fund II will focus on Web3 startups developing metaverse, GameFi, NFT, and DeFi products. More: - The new fund will allocate funds primarily to equity rounds for startups raising Series B funding, with check sizes ranging from $1M-$10M.
- The $120M Hashed Venture Fund I backed crypto startups like dYdX, Mythical games, Republic, Chai, and NFTBank.
- In addition to launching the fund, Hashed promoted Sean Hong and Baek Kim from their respective positions as CFO and global investment lead to partners.
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Blockchain.com acquired Argentina-based crypto investment platform SeSocio. The deal was announced as Blockchain.com’s largest acquisition to date. More: - The purchase amount was not disclosed, but people familiar with the deal stated that it was hundreds of millions of dollars.
- SeSocio is one of the largest crypto companies in Latin America, offering investment, savings, and asset management services.
- Blockchain.com will integrate the SeSocio team and open up brick-and-mortar locations in Argentina, Brazil, and Colombia.
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- FTX U.S. expanded its NFT marketplace to offer Ethereum (ETH) NFTs.
- Canadian crypto exchange Bitbuy received regulatory approval to operate as a marketplace and investment dealer for crypto assets.
- ZenGo X received a $75,000 bug bounty for finding a double-spending vulnerability on the Decentralized Social (DeSo) network BitClout.
- The PBoC's director of AML suggested that China could expand its crypto ban to metaverse products and NFTs.
- Huobi wallet announced the launch of its HEarn crypto asset management tool for bitcoin (BTC), ethereum (ETH), and Tether (USDT).
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- February 10 - The Business of Wellness (Register Here)
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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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