The global crypto market cap is $2.22T 0.83%▲ with a 24-hour market volume of $104.08B 22.26%▲. Bitcoin's dominance is currently 39.28% 0.24%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $46,186.42 | 0.05% ▲ | | 2 | Ethereum ETH | $3,820.51 | 2.50% ▲ | | 3 | Binance Coin BNB | $510.99 | 0.49% ▼ | | 4 | Solana SOL | $168.75 | 0.44% ▼ | | 5 | Cardano ADA | $1.32 | 0.53% ▼ | Source: CoinMarketCap, 4:45 EST
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 Crypto asset management firm Grayscale readjusted its DeFi Index Fund. The firm decided to remove Bancor Network (BNT) and UMA Protocol (UMA) and add AMP. More: - BNT (2%) and UMA (2.9%) tokens accounted for nearly 5% of the total fund.
- Following the readjustment, AMP will account for 7.39% of the fund.
- Additional tokens in the fund include AAVE (13.06%) and UNI (42.33%).
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Doodles V4 ETH | $11.41M | 286.74% ▲ | | 2 | Mutant Ape YC ETH | $10.65M | 52.38% ▼ | | 2 | Bored Ape YC ETH | $7.54M | 56.38% ▼ | | 4 | Clone X ETH | $7.19M | 7.84% ▼ | | 5 | Axie Infinity ETH, RONIN | $1.41M | 1.41% ▲ | Source: DappRadar, 4:45 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | Bored Ape YC | Ξ 69.99 | 4.76% ▼ | | 2 | CryptoPunks | Ξ 67.45 | 0.35% ▼ | | 3 | Mutant Ape YC | Ξ 13.99 | 6.29% ▼ | | 4 | Clone X | Ξ 6.40 | 9.42% ▲ | | 5 | VeeFriends | Ξ 10.89 | 10.00% ▲ | Source: NFT Price Floor, 4:45 pm EST
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 Layer-2 Ethereum scaling solution Polygon (MATIC) has eliminated C-suite positions such as CEO and COO. The C-suite removal comes as such titles prove, in the minds of its founders, incompatible with Polygon's push toward decentralization. More: - Polygon's cofounders who also serve as the firm's CEO and COO, Jaynti Kanani and Sandeep Nailwal, removed those positions from their respective LinkedIn profiles.
- Kanani's and Nailwal's functional responsibilities remain unchanged.
- The move comes as more and more web3 companies like Coinbase have done away with their headquarters in favor of decentralization.
- Other firms, like Binance, have done the opposite for different reasons. The exchange is in the process of setting up a headquarters to appease regulators.
In related news: - Elon Musk claims that CEO is, in reality, only a made-up title, preferring TechnoKing instead. Watch Musk's WSJ interview here.
This story was written by Inside.com analyst Trevor Grant. In addition to occasionally taking over Inside Crypto, Trevor writes the daily Inside VC newsletter.
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 Crypto infrastructure provider Cion Digital raised $12M in a seed funding round. The funding round was led by Green Visor Capital and 645 Ventures with participation from Cota Capital, Epic Ventures, BAT Ventures, and others. More: - Cion Digital is a crypto industry company that provides blockchain-based tools for traditional financial institutions.
- The fresh funding will be used to expand Cion’s 20-person team and launch its infrastructure platform.
- Cion’s digital asset infrastructure platform is currently in pilot with around six customers, including a vehicle dealer and a fintech lender.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Ravencoin RVN | $0.1339 | 27.12% ▲ | | 2 | Velas VLX | $0.5329 | 20.14% ▲ | | 3 | Internet Computer ICP | $33.91 | 19.02% ▲ | | 4 | Cosmos ATOM | $42.72 | 13.35% ▲ | | 5 | Arweave AR | $65.82 | 13.14% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Algorand ALGO | $1.69 | 6.70%▼ | | 2 | Terra LUNA | $86.34 | 6.05%▼ | | 3 | Aave AAVE | $255.67 | 5.80%▼ | | 4 | SushiSwap SUSHI | $8.10 | 5.48%▼ | | 5 | yearn.finance YFI | $36,559.50 | 4.99%▼ | Source: CoinMarketCap, 4:45 EST
*Limited to cryptocurrencies in the Top 100
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 CoinFund and Foxhaven have led a $50M seed round raised by the NFT venture studio Metaversal. The firm was the first institutional investor in ConstitutionDAO and has plans to collaborate with the likes of Dapper Labs and Rarible in the near future. More: - Metaversal will use the fresh funding to grow and support its portfolio.
- Collab+Currency, Dapper Labs, Digital Currency Group, Franklin Templeton, and Rarible provided additional participation in Metaversal's round.
- Metaversal currently holds over 750 NFTs.
This story was additionally featured in Trevor's Inside VC newsletter. For the latest updates on tech and crypto VC funding, check out the Inside VC newsletter.
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Binance announced a $12M strategic investment in liquidity platform WOO Network. WOO Network has been working with Binance Smart Chain on "WOOFi Swap" since last year. More: - WOO Network is a DeFi liquidity platform that provides DeFi network access to institutions and exchanges.
- The liquidity platform already provides services to over 50 institutions, exchanges, and decentralized applications (dapps).
- WOO Network's native currency WOO jumped 10% following the announcement and has reached a market cap of nearly $1B.
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 Prediction market platform Polymarket settled with the CFTC for $1.4M. The settlement agreement, related to the CFTC’s probe into the company back in October, additionally required Polymarket to cease and desist from its non-compliant market activities. More: - Polymarket uses smart contracts to let users bet on real-life event outcomes, like the presidential election or SpaceX reaching orbit, using USDC.
- The CFTC found that the prediction market products were swaps under U.S. federal law and that Polymarket operated as a derivatives market.
- Polymarket stated on Twitter that the settlement affected three markets and that they would be resolved by Jan. 14.
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QUICK HITS: - The SEC issued an extension notice for NYDIG’s Bitcoin ETF, delaying its decision until March 16.
- Bored Ape YC sales broke $1B today, with $55M of it recorded in 2022.
- Kevin O’Leary’s WonderFi Technologies purchased Canadian crypto exchange Bitbuy for $161.8M in cash and shares.
- Ribbon Finance (RBN) jumped 60% following the launch of Ribbon V2 and support for AVAX yield vaults.
- Kosovo banned Bitcoin (BTC) mining, declaring a state of emergency due to an ongoing energy crisis.
- Cosmos (ATOM) automated market maker (AMM) Osmosis reached $1B in TLV, and its OSMO governance token hit an all-time high of $7.84.
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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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