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The global crypto market cap is $2.12T 8.76%▼ with a 24-hour market volume of $91B 30.58%▲. Bitcoin's dominance is currently 41.60% 0.48%▲. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $46,756.00 | 7.05% ▼ | | 2 | Ethereum ETH | $3,756.09 | 9.49% ▼ | | 3 | Binance Coin BNB | $523.41 | 8.48% ▼ | | 4 | Solana SOL | $152.45 | 12.56% ▼ | | 5 | Cardano ADA | $1.21 | 11.35% ▼ | Source: CoinMarketCap, 4:00 EST
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 Animoca Brands partnered with Yuga Labs to develop a blockchain-based Bored Ape Yacht Club game. The announcement states the game is expected to release in Q2 of 2022. More: - Details of the game are unclear; however, it is expected to feature a GameFi, play-to-earn model.
- A representative from Yuga Labs stated that the partnership will expand benefits offered to Bored Ape NFT holders.
- Despite the recent news, the Bored Ape NFT price floor has fallen over 6% amid a broader NFT market cooldown.
Related: A Bored Ape holder mistakenly sold a 75 ETH (~$300,000) Ape for 0.75 ETH ($3,102).
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Axie Infinity ETH, RONIN | $9.01M | 4.46% ▼ | | 2 | Thingdoms NFT ETH | $4.22M | 25.58% ▲ | | 3 | CryptoPunks ETH | $3.73M | 53.93% ▲ | | 4 | Bored Ape YC ETH | $3.14M | 1.81% ▼ | | 5 | The Sandbox ETH | $2.14M | 26.31% ▼ | Source: DappRadar, 4:00 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | CryptoPunks | Ξ 63 | 7.35% ▼ | | 2 | Bored Ape YC | Ξ 53.50 | 1.17% ▲ | | 3 | Mutant Ape YC | Ξ 6.06 | 3.81% ▼ | | 4 | Vee Friends | Ξ 8.399 | 0% | | 5 | Fidenza - AB Curated | Ξ 84 | 20% ▲ | Source: NFT Price Floor, 4:00 pm EST
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Metaverse infrastructure platform InfiniteWorld will go public following a SPAC merger with Aries I Acquisition Corp under the ticker JPG. The merger puts the combined equity value at $700M. More: - InfiniteWorld is an infrastructure provider for brands and creators to develop and maintain communities through NFT and metaverse products.
- The Infinite NFT marketplace is powered by Sukus and utilizes the Hedera (HBAR) blockchain.
- According to the announcement, existing InfiniteWorld stakeholders will make up 74.5% of the combined company.
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 🍋 Fresh Funding 🍋 BlackPool, DAO/Gaming: $6M ⮕ The funding round was led by DIGITAL and participated in by Bitkraft, Delphi Digital, Play Ventures, and others. More: - BlackPool is a DAO-based, quantitative hedge fund focused specifically on NFT gaming and trading.
- The announcement from Blackpool stated that it holds $12M in assets on Sorare, a guild of over 3,000 Axies on Axie Infinity and one of the only mythic Guild holders in Guild of Guardians.
- Investment leader DIGITAL holds Galadriel; one of the three quad mystic Axies in existence.
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▲ TOP GAINERS / ▼ LEAST LOSERS | # | Name | Price | 24h % | | 1 | Revain REV | $0.011 | 17.81% ▲ | | 2 | OKB OKB | $26.58 | 1.37% ▼ | | 3 | Unus Sed Leo LEO | $3.64 | 1.61% ▼ | | 4 | Celsius CEL | $2.73 | 3.85% ▼ | | 5 | XDC Network XDC | $0.06871 | 4.56% ▼ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Kadena KDA | $8.89 | 21.46%▼ | | 2 | Decred DCR | $61.85 | 19.48%▼ | | 3 | NEAR Protocol NEAR | $9.13 | 17.00%▼ | | 4 | Fantom FTM | $1.27 | 16.27%▼ | | 5 | Arweave AR | $35.79 | 15.11%▼ | Source: CoinMarketCap, 4:00 EST
*Limited to cryptocurrencies in the Top 100
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 Crypto exchange AscendEX was hacked for $7.77M after a compromised hot wallet was exploited. AscendEX confirmed the hack on Twitter on Sunday, promising 100% reimbursement for affected individuals. More: - AscendEX is a centralized exchange based out of Singapore that raised $50M in a Series B funding round led by Polychain Capital last month.
- Peckshield reported that $60M Ethereum-based, $9.2M Binance Smart Chain-based, and $8.5M of Polygon assets were taken.
- AscendEx is the third centralized exchange to be attacked in the last six months, following a $196M attack on BitMart last week and a $97M attack on Liquid.
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 Iota Network (IOTA) announced two new networks, Shimmer (SMR) Assembly (ASMB), in Q4 2021. There were a few questions about Assembly and how it relates to the Iota ecosystem following Friday's Fresh Funding. So, here's a quick breakdown of the three ecosystems and Iota's history of announcement hype. Iota Network: - The Iota network is a distributed ledger system that doesn't require miners or a consensus algorithm because it isn't a blockchain technology.
- Instead of a blockchain, Iota uses what they call "Tangle." Tangle lets transactions be attached to the Tangle system in any order rather than sequentially in a "chain."
- Tangle's system to verify transactions ("The Coordinator") is a centralized process that is expected to become decentralized with a new verification system ("Coordicide") sometime in late 2022.
Shimmer Network: - The Shimmer Network is the staging network of Iota, which runs separately as its own independent ecosystem.
- Similar to how Polkadot (DOT) and Kusama (KSM) operate, Shimmer is expected to provide a place for developers to test upcoming Iota network features, which includes the Coordicide decentralization upgrade, smart contracts functionality, and other optimizations.
- To earn SMR tokens ahead of the mainnet launch, IOTA holders can stake their tokens in their Iota wallets.
Related: Is IOTA's Shimmer of Hope Yet Another False Promise? (Finance Magnates)
Assembly Network: - Assembly is a permissionless network built on the IOTA network's base layer that enables smart contract functionality on the Iota network.
- Assembly offers a proof-of-stake type smart contract solution for Iota that runs independently of Iota but otherwise offers a nearly identical solution to what Shimmer is trying to accelerate.
- To earn ASMB tokens ahead of the mainnet launch, IOTA holders can stake their tokens in their Iota wallets. You can additionally earn SMR simultaneously.
- To some, the launch of the Assembly network is redundant: offering smart contracts functionality to a network that is developing smart contract functionality on a secondary test network.
3 Tokens, 0 Mainnets: A history of oversell, underdeliver. Iota has often been criticized for making announcements that are unsupported or are never fully developed. One of the most significant examples of this was IOTA's "partnership" with Microsoft. - In November 2017, IOTA announced that it partnered with Microsoft for its IOTA Data Marketplace.
- The announcement brought MIOTA to an ATH of $5.69, clocking a daily trading volume higher than bitcoin (BTC) and ethereum (ETH) and accounting for 47% of the trading volume on Bitfinex.
- A few weeks after the announcement, IOTA clarified that it would be using Microsoft Azure as a cloud computing solution for the marketplace and that no partnership existed.
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QUICK HITS: - Twitch co-founder Justin Kan announced the launch of Fractal: a Solana (SOL) based NFT marketplace.
- The Twitter account for India's Prime Minister was briefly hacked over the weekend to promote a fake bitcoin (BTC) giveaway.
- Myanmar's "shadow" National Unity Government announced that it would recognize Tether's USDT as its official currency.
- Elon Musk was named Time's 2021 Person of the Year.
- Coinbase announced the addition of Decentralized Social (DESO) trading on the platform.
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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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