The global crypto market cap is $2.62T 0.44%▲ with a 24-hour market volume of $121.45B 2.61%▼. Bitcoin's dominance is currently 41.00% 0.12%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $56,795.02 | 0.21% ▼ | | 2 | Ethereum ETH | $4,534.59 | 0.39% ▼ | | 3 | Binance Coin BNB | $623.49 | 0.27% ▲ | | 4 | Solana SOL | $240.15 | 7.44% ▲ | | 5 | Cardano ADA | $1.72 | 11.88% ▲ | Source: CoinMarketCap, 5:30 EST
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 Coinbase stated that it holds over $30B in staked crypto assets across its 25 PoS token offerings. The announcement comes nearly a year after Coinbase acquired staking infrastructure firm Bison Trails for $80M. More: - Coinbase takes a 25% commission on staking rewards, with 8% of rewards going to Bison Trails prior to the acquisition.
- Using Ethereum 2.0 (ETH2) staking at 5% APR as an example, Coinbase could be passively earning around $375M per year in staking commission.
- Coinbase shared the information as part of a yearly review on its blog.
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Axie Infinity ETH, RONIN | $18.40M | 2.86% ▼ | | 2 | The Sandbox ETH | $7.31M | 12.20% ▼ | | 3 | Bored Ape YC ETH | $4.33M | 9.94% ▲ | | 4 | CryptoPunks ETH | $4.21M | 13.65% ▼ | | 5 | Crypto Bull Society ETH | $3.19M | 39.01% ▼ | Source: DappRadar, 5:30 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | CryptoPunks | Ξ 75 | 5.00% ▼ | | 2 | Bored Ape YC | Ξ 49.99 | 1.46% ▲ | | 3 | Autoglyphs | Ξ 199.99 | 2.44% ▼ | | 4 | Fidenza - AB Curated | Ξ 95 | 0% | | 5 | Mutant Ape YC | Ξ 6.295 | 3.20% ▲ | Source: NFT Price Floor, 5:30 pm EST
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ParaFi Capital is the latest investment firm to raise a crypto investment fund. The $30M ParaFi Private Opportunities — Series I fund will focus on blockchain and DeFi investments. More: - The fund received investments from 75 different investors and will continue to remain open for funding.
- ParaFi additionally launched an uncapped, new growth fund that will begin accepting investments soon.
- Crypto venture funds have raised $2.35B over the past week alone.
This Week's VC Fund Breakdown: | VC Firm | Raise | Focus | | ParaFi Capital | $30M | Blockchain, DeFi | | Maven 11 Capital | $120M | Web3, DeFi | | Borderless Capital | $500M | Algorand, DeFi | | Hashed | $200M | GameFi, Metaverse, NFT | | Hivemind Capital | $1.5B | GameFi, Staking, Yield |
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 🍋 Fresh Funding 🍋 24 Exchange, Exchange: $14.25M ⮕ The funding round was led by Point72 Ventures with additional participation from others. More: - 24 Exchange is a 24/7, multi-asset OTC trading platform expanding into crypto and equities.
- CEO Dmitri Galinov stated that the main focus of the funding round was to accelerate its adoption of crypto and digital assets.
- 24 Exchange has an average daily volume of $300M but expects volume to jump following SEC approval to allow U.S. equity trading.
- Steven Cohen's Point72 Ventures made its first crypto-related investment in Messari's Series A funding round in August and has since invested in other crypto projects like NFT marketplace Recur.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | OKB OKB | $27.91 | 11.81% ▲ | | 2 | Cardano ADA | $1.72 | 11.88% ▲ | | 3 | IOTA MIOTA | $1.52 | 8.85% ▲ | | 4 | Solana SOL | $240.15 | 7.44% ▲ | | 5 | Uniswap UNI | $22.57 | 8.07% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Elrond EGLD | $358.77 | 12.75%▼ | | 2 | Stacks STX | $2.63 | 9.90%▼ | | 3 | Immutable X IMX | $6.61 | 9.33%▼ | | 4 | Gala GALA | $0.5894 | 6.41%▼ | | 5 | Kusama KSM | $369.38 | 6.24%▼ | Source: CoinMarketCap, 5:30 EST
*Limited to cryptocurrencies in the Top 100
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 Iota (MIOTA) announced the launch of Assembly and ASMB tokens. Assembly is a layer-one smart contract network aimed to bring smart contract functionality to the Iota Network. More: - Assembly will use the Iota network to operate as an interoperable bridge for decentralized applications (dApps) on Iota.
- The Assembly network is expected to be fully compatible with Ethereum Virtual Machine (EVM) and support Solidity smart contracts.
- 40% of ASMB will be distributed to a community DAO, 20% to Iota stakers, 20% to the Iota Foundation, and 10% each to early participants and ecosystem developers.
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 BadgerDAO was reportedly hacked for around 2,100 BTC and 151 ETH (~$120M). The hack was confirmed by the DAO, with the financial details of the attack shared by Peck Shield. More: - Unlike other DeFi hacks, BadgerDAO’s user interface appears to have been exploited, not its protocol smart contracts.
- All smart contracts on the platform have been paused while the team investigates the attack.
- BADGER token has plummeted 21% in the last 24 hours in the fallout of the exploit.
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India is expected to set regulations on private crypto but not ban crypto entirely. India’s NDTV shared a cabinet note confirming statements made earlier by the former finance secretary of India, Subash Garg. More: - Anticipated legislation will not regulate crypto as currency, instead referring to digital assets as “cryptoassets.”
- Central Bank Digital Currencies (CBDCs) are also expected to survive the legislation but will be regulated by the Reserve Bank of India.
- Investors in India will be given a window to report their holdings on crypto exchanges regulated by the Securities and Exchange Board of India (SEBI).
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- Meta announced that it updated its eligibility requirements for crypto advertising, allowing for crypto exchanges, wallets, and other services to run ads on Meta’s social platforms.
- Amsterdam-based crypto investment firm Maven 11 Capital raised $120M for its Venture Fund II.
- Silk Road founder Ross Ulbricht’s NFT collection launches Dec. 2-8 on SuperRare.
- Adidas joined the metaverse with a new BAYC PFP on Twitter and a partnership with Gmoney, Yugo Labs, and Punks Comic.
- Korea Exchange (KRX) Chairman Son Byung-doo called for South Korea to understand and adopt cryptocurrency.
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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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