The global crypto market cap is $2.26T 6.57%▲ with a 24-hour market volume of $115.77B 9.53%▲. Bitcoin's dominance is currently 41.51% 0.49%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $48,957.76 | 4.88% ▲ | | 2 | Ethereum ETH | $4,044.22 | 7.87% ▲ | | 3 | Binance Coin BNB | $541.80 | 5.78% ▲ | | 4 | Solana SOL | $178.18 | 15.82% ▲ | | 5 | Cardano ADA | $1.31 | 7.20% ▲ | Source: CoinMarketCap, 5:00 EST
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 Securitize partnered with S&P Dow Jones indices to tokenize two index funds. The indices will be the first fully-regulated, tokenized investment products tracking the S&P index funds. More: - Securitize plans to use the Algorand (ALGO) blockchain for the underlying tokenization.
- Securitize co-founder Jamie Finn stated that he chose to use the Algorand blockchain after Algorand issued the largest-ever Reg A+ capital raise on its blockchain.
- Copper Technologies and Interactive Brokers will additionally manage the funds’ assets alongside Securitize.
The Funds:
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | CloneX ETH | $15.83M | 78.34% ▼ | | 2 | Axie Infinity ETH, RONIN | $9.43M | 5.63% ▼ | | 3 | CloneX Mintvial ETH | $4.41M | 80.37% ▼ | | 4 | CryptoPunks ETH | $3.91M | 13.40% ▼ | | 5 | Bored Ape YC ETH | $3.62M | 15.25% ▼ | Source: DappRadar, 5:00 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | CryptoPunks | Ξ 62.99 | 1.56% ▼ | | 2 | Bored Ape YC | Ξ 50.69 | 3.63% ▼ | | 3 | VeeFriends | Ξ 9.39 | 21.16% ▲ | | 4 | Mutant Ape YC | Ξ 6.09 | 0.16% ▼ | | 5 | Autoglyphs | Ξ 150 | 0% | Source: NFT Price Floor, 5:00 pm EST
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 Sotheby's reported $6B in sales from auctions, with $100M of the sales coming from NFTs. With 20 auctions left, Sotheby's auction earnings are up 71% from 2020. More: - 78% of NFT auction participants were new to Sotheby's, with around 50% of bidders under 40.
- The auction house held a variety of successful NFT auctions, selling art from NFT artist Pak ($16.8M), 101 Bored Apes ($24.4M), and a CryptoPunk ($11.8M).
- Sotheby's further expanded their NFT offerings with the launch of the Sotheby's Metaverse NFT platform in October.
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 🍋 Fresh Funding 🍋 Anchorage, Financial Services/Institutional: $350M ⮕ The Series D funding round was led by KKR and participated in by Goldman Sachs, Alameda Research, Andreessen Horowitz, and others. More: - Anchorage is a digital asset platform for institutional custodial services and digital asset infrastructure.
- The services provider has reached a $3B valuation following an $80M Series C funding round back in February.
- Anchorage became the first crypto firm to receive a banking charter from the U.S. Office of the Comptroller back in January.
Authtrail, Web3/SaaS: $3.6M ⮕ The funding round was backed by an undisclosed list of Angels and VCs. More: - Authtrail is a SaaS, blockchain data integrity platform that protects clients from data manipulation and mismanagement.
- The platform is blockchain agnostic, employing the Moonbeam network to verify enterprise data as an end-to-end data provider.
- The fresh funding will be used to accelerate business growth and invest in the data integrity market.
Ledn, Financial Services/Lending: $70M ⮕ The Series B funding round was led by 10T holdings and participated in by Kingsway Capital, Coinbase Ventures, CMT Digital, and others. More: - Ledn is a Canada-based financial service provider that offers bitcoin-backed loans and savings products.
- The service provider additionally announced a new bitcoin-backed mortgage product that lets users collateralize their property and bitcoin for their mortgage.
- The new mortgage service is currently being tested and is expected to be offered in the U.S. and Canada by early next year.
Ramp, Payments: $52.7M ⮕ The Series A funding round was led by Balderton Capital and participated in by NFX, Galaxy Digital, Seedcamp, Firstmute Capital, and others.
More: - Ramp is a digital asset payment startup that allows users to make purchases in fiat using cryptocurrency.
- The fiat-to-crypto payment process is utilized by over 400 different partners, including Trust Wallet, Dapper Labs, Aave, and Mozilla.
- Ramp plans to expand its services to provide in-app crypto transactions for financial institutions.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Avalanche AVAX | $100.48 | 27.55% ▲ | | 2 | XDC Network XDC | $0.08383 | 26.29% ▲ | | 3 | Kadena KDA | $11.34 | 25.25% ▲ | | 4 | Elrond EGLD | $294.61 | 21.78% ▲ | | 5 | Stacks STX | $2.20 | 18.82% ▲ | ▼ TOP LOSERS / ▲ LEAST GAINERS | # | Name | Price | 24h % | | 1 | Revain REV | $0.009519 | 6.02%▼ | | 2 | eCash XEC | $0.0001144 | 0.50%▼ | | 3 | Dogecoin DOGE | $0.1812 | 0.31%▲ | | 4 | Unus Sed Leo LEO | $3.54 | 0.38%▲ | | 5 | Nexo NEXO | $2.25 | 1.45%▲ | Source: CoinMarketCap, 5:00 EST
*Limited to cryptocurrencies in the Top 100
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 Coinbase released a transparency report for government information requests throughout Q1-Q3 2021. Government information requests included subpoenas, court orders, and search warrants issued by law enforcement and government agencies. More: - There were a total of 5,562 requests made by governmental agencies, with over 50% of the requests coming from the U.S.
- The total number of requests over the past three quarters was up 27% from requests made throughout all of 2020.
- Latvia, Greece, India, Turkey, Bosnia, Hungary, and Russia sent information requests for the first time in 2021.
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 BCB Group will acquire Germany-based Sutor Bank following approval from Germany’s financial regulator. In exchange for an undisclosed amount of capital, BCB will take ownership of 100% of Sutor Bank. More: - BCB Group is an international financial service provider that offers payment services, crypto trading, and business accounts for Bitstamp, Coinbase, and Kraken.
- Following the acquisition, Sutor will continue to operate in its usual capacity but will be able to expand its presence internationally.
- BCB Group plans to use Sutor Bank to handle business banking services, which it had previously outsourced to other partner banks.
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QUICK HITS: - NBA legend Michael Jordan and his son Jeffrey announced the launch of an upcoming web3 platform, HEIR, a Solana (SOL) based application that lets athletes connect with their fans.
- Andreessen Horowitz GP Katie Haun will leave a16z to launch a new fund for crypto and Web3 startups, with a16z signing on as a limited partner.
- Rarible integrated Tezos (XTZ) NFT minting and secondary sales on its marketplace.
- Step Finance launched a $5M Solana (SOL) ecosystem fund for developers building critical data tools on the Solana blockchain.
- The UK’s Advertising Standards Authority found that eToro, Coinburp, EXMO, Luno, Kraken, Coinbase, and Papa John’s crypto ads violated UK advertising regulations.
- Kevin Durant and Rich Kleiman’s Thirty Five Ventures announced an NFT partnership with Coinbase.
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UPCOMING EVENTS: - December 21 - Growth in Crypto Security with AJ Yawn (ByteChek) (Register Here)
- January 04 - Venturing in VC with Landon Campbell (Episode #1) (Register Here)
- January 06 - Augmented and Virtual Reality with Timoni West (VP of AR/VR at Unity) (Register Here)
- January 25 - Need To Know NoCoder - Leon Young (Cogniss) (Register Here)
- January 27 - Understanding the Metaverse (Register Here)
- February 03 - Blockchain Gaming & Play-to-Earn Economies (Register Here)
- February 10 - The Business of Wellness (Register Here)
- February 17 - Customer Acquisition in a post iOS 14 world (Register Here)
- February 24 - Alternative Investments (Register Here)
- March 03 - The $12B Appetite for Amazon Aggregators (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. | |
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