The global crypto market cap is $2.20T 2.18%▼ with a 24-hour market volume of $84.14B 13.87%▲. Bitcoin's dominance is currently 39.52% 0.11%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $45,943.87 | 2.30% ▼ | | 2 | Ethereum ETH | $3,698.05 | 2.72% ▼ | | 3 | Binance Coin BNB | $511.94 | 3.30% ▼ | | 4 | Solana SOL | $167.53 | 4.55% ▼ | | 5 | Cardano ADA | $1.32 | 3.35% ▼ | Source: CoinMarketCap, 4:00 EST
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 Ethereum-based NFT volume recovered from a four month decline in December. NFT transaction volume reached $2.26B, gaining 16.6% over the last month. More: - Monthly NFT trading volume hit an all-time high in August 2021 at over $3B before falling over 80% into November.
- Bored Ape YC transaction volume hit a record high in December and CrypToadz, Cool Cats and other projects saw +1000% trade volumes following Christmas.
- Other late 2021 announcements, like the launch of Twitch founder Justin Kan’s NFT platform Fractal, helped bring NFTs back into the green into 2022.
- OpenSea saw its third-largest single-day trading volume to date on Sunday, recording over $243M in ETH NFT sales.
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Mutant Ape YC ETH | $21.44M | 23.72% ▼ | | 2 | Bored Ape YC ETH | $15.86M | 22.77% ▼ | | 2 | Bored Ape KC ETH | $9.16M | 1.73% ▼ | | 4 | Clone X ETH | $7.76M | 229.47% ▲ | | 5 | Axie Infinity ETH, RONIN | $6.02M | 5.35% ▲ | Source: DappRadar, 4:00 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | Bored Ape YC | Ξ 73.49 | 2.21% ▲ | | 2 | CryptoPunks | Ξ 67.69 | 0.38% ▼ | | 3 | Mutant Ape YC | Ξ 13.50 | 13.96% ▼ | | 4 | Clone X | Ξ 5.94 | 22.46% ▲ | | 5 | Cool Cats | Ξ 10.98 | 2.71% ▲ | Source: NFT Price Floor, 4:00 pm EST
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 Happy Birthday to Bitcoin! Today marks 13 years since Satoshi Nakamoto was rewarded 50 BTC for mining the first block on the Bitcoin network. More: - The first block mined came just over a year after the release of the Bitcoin: A Peer-to-Peer Electronic Cash System whitepaper.
- Hal Finney was the recipient of 50 BTC from Satoshi Nakamoto on Jan. 11, 2009, in the first-ever recorded bitcoin transaction.
- Bitcoin had an eventful 2021, reaching an all-time high and $1T market value for the first time, becoming legal tender in El Salvador and seeing 90% of its supply mined this year.
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 Bitcoin (BTC) whales bought the BTC dip on Coinbase over the holiday break. A single cluster of orders on Dec. 30 raised Coinbase’s share of BTC spot volume from 45% to 68%. More: - The abnormal trade volume on 12/30 coincided with a 1.4% bump in BTC’s price, despite a multi-day consolidation.
- Coinbase’s liquidity has made the exchange a popular option for institutions looking to purchase crypto. Microstrategy, for example, bought 1,914 BTC on Coinbase in the last month.
- There was an additional spike in buy and sell orders across all exchanges on Dec. 31, however these trades were more likely due to the expiration of 2021 bitcoin options contracts.
- With transaction volume low during the holidays and the max pain point for the BTC options market being $48K, some suggested that the 2022 decline was a coordinated move toward a take-profit position.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Velas VLX | $0.4391 | 14.59% ▲ | | 2 | Secret SCRT | $6.58 | 10.54% ▲ | | 3 | Algorand ALGO | $1.82 | 8.79% ▲ | | 4 | Fantom FTM | $2.66 | 8.00% ▲ | | 5 | NEAR Protocol NEAR | $15.38 | 7.85% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Kadena KDA | $11.19 | 7.36%▼ | | 2 | Helium HNT | $39.28 | 5.96%▼ | | 3 | Monero XMR | $224.37 | 5.74%▼ | | 4 | Enjin Coin ENJ | $2.73 | 5.53%▼ | | 5 | SushiSwap SUSHI | $8.58 | 5.39%▼ | Source: CoinMarketCap, 4:00 EST
*Limited to cryptocurrencies in the Top 100
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 Cardano (ADA) was the most developed crypto project on GitHub in 2021. Data from CryptoRank and Santiment found that the project had over 140K events recorded. More: - GitHub events are defined as issue creations, pull requests, starring, forking, or other related interactions.
- Cardano founder Charles Hoskinson stated in a YouTube livestream that around 127 Cardano-based projects are currently in development.
- The second most developed project was Parity's Kusama (KSM), followed by its parent chain Polkadot (DOT).
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Defunct DeFi startup Earnity was accused of fraud in a bankruptcy case against lending protocol Cred. A motion to compel filed by Cred’s lenders claimed Cred executives maliciously created Earnity to steal its IP. More: - Earnity went under after filing for bankruptcy, with over $500M in liabilities, at the end of 2020.
- Cred’s creditors believe that ex-Cred executives created Earnity to illegally purchase and retain the rights to Cred’s IP.
- The legal action against Earnity is seeking Earnity’s compliance with related subpoenas and reimbursement for legal costs.
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QUICK HITS: - Samsung announced that its MICRO LED, Neo QLED, and The Frame TVs will have built-in functionality to display, purchase and trade NFTs.
- Bitcoin (BTC) hash rate reached an all-time high for the first time since China’s crypto mining crackdown.
- Eminem purchased a custom “EminApe” NFT created by GeeGazza and Bored Ape YC for $462K on OpenSea.
- South Korean presidential candidate Lee Jae-myung will give NFTs to campaign donors despite early concerns over potential election regulation.
- The eight-month CBDC pilot in Jamaica successfully concluded at the end of 2021, with the official CBDC release expected in Q1 2022.
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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 | Karan Chafekar is a Management Consultant, Business enthusiast, Formula 1 lover, and a Licensed Pilot. He is also a part-time automobile and aviation fanatic, and a full-time introvert. | |
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