The global crypto market cap is $2.06T 1.55%▲ with a 24-hour market volume of $86.03B 16.42%▼. Bitcoin's dominance is currently 39.60% 0.24%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $43,059.32 | 0.93% ▲ | | 2 | Ethereum ETH | $3,310.62 | 1.82% ▲ | | 3 | Binance Coin BNB | $489.76 | 2.50% ▲ | | 4 | Solana SOL | $145.60 | 0.92% ▼ | | 5 | Cardano ADA | $1.28 | 3.04% ▲ | Source: CoinMarketCap, 7:30 EST
| |
 The supply of Circle’s USDC stablecoin on Ethereum surpassed Tether’s USDT for the first time. The total supply of USDC on Ethereum is now over 39.92B, beating out USDT by 100M. More: - USDT has long dominated the stablecoin market share and continues to offer over 50% of the total stablecoin supply across all chains.
- USDC’s market dominance has increased steadily over the past two years, going from around 8% of the total stablecoin supply to nearly 30% in 2022.
- The rise of DeFi on Ethereum in 2021 gave USDC a strategic opportunity to onboard fiat currency into DeFi protocols.
- USDC’s presence on Ethereum is significantly higher than on any other available blockchain. There’s currently only around 4.79B USDC on Solana and 320M on Algorand.
| |
TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Bored Ape YC ETH | $5.49M | 18.26% ▲ | | 2 | Axie Infinity ETH RONIN | $4.42M | 0.90% ▼ | | 2 | CryptoSkulls ETH | $4.34M | 167.45% ▲ | | 4 | World of Women ETH | $4.02M | 64.51% ▼ | | 5 | PhantaBear ETH | $4.01M | 0.04% ▼ | Source: DappRadar, 7:30 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | Bored Ape YC | Ξ 78.50 | 5.10% ▲ | | 2 | CryptoPunks | Ξ 59.95 | 0% | | 3 | Mutant Ape YC | Ξ 14.60 | 2.01% ▼ | | 4 | Clone X | Ξ 6.40 | 0.93% ▼ | | 5 | VeeFriends | Ξ 12.15 | 6.18% ▼ | Source: NFT Price Floor, 7:30 pm EST
| |
 Usage of NFT and GameFi related dapps has increased into 2022 despite a general crypto market dip. A recent report published by Dapp Radar found almost no correlation between crypto price fluctuations and dapp activities, with the exception of DeFi. More: - Unique active wallets (UAW) connected to Ethereum NFT dapps grew 43% since Q3 2021 despite a general crypto market downturn.
- DeFi daily UAW exceeded 1.25M during all-time highs for ETH, SOL, AVAX, and LUNA, while lows of 800,000 UAW have been recorded during the recent bearish trend.
- GameFi UAW has consistently increased over the past year, with GameFi’s UAW dominance growing 6% from 2021 to 52.4%.
Even More from Dapp Radar’s Report: - Over the past year, Gen Z (30%) and Millennial (38%) blockchain usage increased by 4% and 2%, respectively.
- China surpassed the U.S. in UAW in November; however, both saw monthly UAW growth of 166% and 38%.
- Desktop wallets accounted for 46% of total dapp traffic, while mobile wallets accounted for 53%.
| |
 A message from RAMP Dear CFOs of America, We’re sorry that shopping for a corporate credit card has become a game of trying to find the best bonuses and perks. Most business credit card companies offer rewards designed to make you spend more. Ramp offers a finance automation platform designed to save you time and money—for free. Benefits of traditional cards: - Useless points with confusing multipliers
Benefits of Ramp: - Unambiguous 1.5% cashback
- 20x higher limits so you have the runway to scale your business
- Insight into macro spending trends
- Access to powerful finance automation software that saves you time on expense management, bill payments, and accounting
- No fees of any kind
Get started in minutes, issue cards in seconds, and save hours each month so you can focus more on strategy and worry less about savings. Try for free - claim a $250 Bonus 
| |
 🍋 Fresh Funding 🍋 Lukka, Data/Analytics: $110M ⮕ The Series E funding round was led by Marshall Wace and participated in S&P Global, Soros Fund Management, Summer Capital, and others. More: - Lukka is a crypto-focused data and analytics provider for institutional clients.
- Following the Series E funding, Lukka reached a valuation of around $1.3B.
- The fresh funding will be used to further increase Lukka’s international presence.
Unique Network, NFT/Sidechain: $11.2M ⮕ The public token sale of Unique’s UNQ token raised funds from 7,900 participants over the past 48 hours. More: - Unique Network is an NFT chain built for the Polkadot (DOT) and Kusama (KSM) blockchains.
- UNQ tokens serve as a payment medium on the Unique Network, and let holders participate in governance.
- By building on Polkadot and Kusama’s Substrate network, Unique NFT users will be able to create their own NFT marketplaces and smart contracts that are interoperable with other Substrate-based chains.
| |
▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Decred DCR | $74.30 | 28.06% ▲ | | 1 | Secret SCRT | $8.59 | 14.09% ▲ | | 3 | Moonbeam GLMR | $13.46 | 14.58% ▲ | | 4 | FTX Token FTT | $45.00 | 9.61% ▲ | | 5 | eCash XEC | $0.000102 | 7.15% ▲ | ▼ TOP LOSERS / ▲ LEAST GAINERS | # | Name | Price | 24h % | | 1 | yOUcash YOUC | $0.1778 | 4.04%▼ | | 2 | Kadena KDA | $9.36 | 1.91%▼ | | 3 | Stellar XLM | $0.2643 | 1.85%▼ | | 4 | Harmony ONE | $0.35 | 1.81%▼ | | 5 | Fantom FTM | $2.95 | 1.47%▼ | Source: CoinMarketCap, 7:30 EST
*Limited to cryptocurrencies in the Top 100
| |
Crypto derivatives exchange FTX has announced its launch of a new $2B venture capital fund that will invest broadly across crypto and Web3. Amy Wu will come over from Lightspeed Venture Partners to lead the new fund. Wu previously led Lightspeed's gaming and crypto investments, including those into FTX. More: - Wu noted that she and her team of eight are particularly excited about web3 gaming.
- FTX, Lightspeed Venture Partners, and Solana Ventures partnered to launch a $100M web3 gaming investment fund back in Nov. 2021
- Wu's relationship with her former employer appears to remain strong as she commented that FTX and Lightspeed will continue.
- Some of FTX's existing investments will be folded into its new fund.
- In addition to leading its new fund, Wu will also manage the company's gaming, M&A, and commercial initiatives.
Zoom out: - FTX will join other global crypto exchanges like Coinbase, Binance, and Kraken in setting up their very own venture capital arm.
- Grace Isford, principal at Canvas Ventures, comments that the influx of corporate crypto VC funds is partly due to the strategic benefits that they could provide the corporate entity.
- One of the strategic benefits these funds provide exchanges is scouting for potential acquisitions.
- Wu's experience and leadership over FTX's M&A efforts and ventures strengthens this proposition.
This story was written by Trevor Grant as part of the Inside VC Newsletter.
| |
 A message from ADOBE COMMERCE Translating the business benefits of headless commerce. Sometimes, business teams just don’t get why you want to buy an eCommerce software platform only to cut off its head. They may be concerned that this strategy could lead to higher development costs, slower time to market, and unnecessary complexity. This is when expressing the benefits of headless commerce in a way that business teams can understand is crucial. And the benefits are substantial: - Ultimate flexibility
- Improved scalability
- Rapid innovation
- Parity across touchpoints
- Integration of commerce and content
This brief guide provides a helpful reference for explaining the value of headless commerce—and why it often works better than a more traditional all-in-one approach—to business leaders across your organization. Download your Guide
| |
 Palau President Surangel S. Whipps, Jr. announced a partnership with crypto firm Cryptic Labs. The firm will assist in the Republic of Palau’s development of a blockchain-based, digital residency platform. More: - Palau is an island country to the north of Indonesia with a population of around 18,000 people spread over 340 islands.
- Cryptic Labs is implementing Root Name System (RNS) technology to handle KYC requirements and create both digital and physical IDs.
- Digital IDs issued through RNS will be distributed to accepted applicants in the form of NFTs.
- Palau first started implementing blockchain technology just two months ago, announcing a partnership with Ripple to create a CBDC.
| |
QUICK HITS: - Watch & Win with "Easy Buckets"! New episodes feature basketball stars and a $100,000 Bitcoin Giveaway. Enter now for a chance to win your share.*
- BTC smart contract compatible blockchain Stacks (STX) reached 350 million monthly API requests and 40,000 wallet downloads.
- Dogecoin (DOGE) spiked 25% after Elon Musk announced DOGE-denominated payments for Tesla merch.
- San Diego State University announced that the Campanile Foundation will now accept donations in BTC.
- The ICON Foundation stated that it would commit $200M into ICON's interoperability incentive fund.
- The U.S. Congress Energy and Commerce Oversight Subcommittee announced that it would hold a hearing on the energy and environmental impact of bitcoin (BTC) mining.
* Sponsored Content
| |
UPCOMING EVENTS: - January 18 - Venturing in VC - Episode #3 with Wiz Abdulla (Space Cadet) (Register Here)
- January 19 - Music in the Metaverse with Jonathan Gray (Clap for Encore) (Register Here)
- January 25 - Need To Know NoCoder - Leon Young (Cogniss) (Register Here)
- January 25 - Venturing in VC - Episode #4 (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 - Efficient Marketing Strategies in a Post iOS 14 World (Register Here)
- February 23 - Need to Know NoCoder: Derya Sousa (Kianda Technologies) (Register Here)
- February 24 - Alternative Investments (Register Here)
- March 03 - The $12B Appetite for Amazon Aggregators (Register Here)
- March 10 - NoCode's Impact on the Gig Economy (Register Here)
- March 23 - Need to Know NoCoder: Nichole Bestman (Bubble) (Register Here)
| |
 |  | 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. | |
Go from 5 to 1. Click here to try Ramp for free and get a $250 bonus. | |
| |
