The global crypto market cap is $2.08T 2.49%▼ with a 24-hour market volume of $127.31B 39.50%▲. Bitcoin's dominance is currently 39.52% 0.12%▲. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $43,310.94 | 2.46% ▼ | | 2 | Ethereum ETH | $3,443.77 | 5.49% ▼ | | 3 | Binance Coin BNB | $477.25 | 2.54% ▼ | | 4 | Solana SOL | $152.16 | 4.03% ▼ | | 5 | Cardano ADA | $1.27 | 0.84% ▲ | Source: CoinMarketCap, 3:30 EST
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 The web3 developer count reached an all-time high and is rapidly growing. There are now 18,000 monthly active developers committing code to open-source and web3 projects. More: - 65% of active web3 developers and 45% of full-time web3 developers joined in 2021.
- Less than 1,000 full-time DeFi developers are responsible for $100B in TVL locked in smart contracts.
- Polkadot, Solana, NEAR, BSC, Avalanche, and Terra have seen significantly quicker developer acquisitions than Ethereum did at similar timeframes.
For more insights on the web3 developer adoption, check out the Developer Report from Electric Capital.
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Doodles V4 ETH | $9.19M | 44.51% ▼ | | 2 | Mutant Ape YC ETH | $7.49M | 9.30% ▼ | | 2 | Bored Ape YC ETH | $7.22M | 13.77% ▲ | | 4 | Axie Infinity ETH, RONIN | $5.59M | 15.74% ▼ | | 5 | NBA Top Shot FLOW | $2.86M | 92.45% ▲ | Source: DappRadar, 3:30 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | Bored Ape YC | Ξ 67.89 | 1.61% ▼ | | 2 | CryptoPunks | Ξ 61.95 | 3.20% ▼ | | 3 | Mutant Ape YC | Ξ 14.49 | 2.75% ▼ | | 4 | VeeFriends | Ξ 11.50 | 3.36% ▼ | | 5 | Clone X | Ξ 5.89 | 2.97% ▲ | Source: NFT Price Floor, 3:30 pm EST
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 Crypto-related crimes hit an all-time high in 2021, with the total of illicit transactions up 79% from 2020. The increase in crypto crime was significantly less than the rate of crypto adoption, which was up 567% from 2020. More: - Transactions made by addresses attributed to crypto-related crimes represented only 0.15% of 2021’s total transaction volume.
- Revenue from crypto-related scams hit $7.8B in 2021, with $2.8B related to rug pulls. 90% of rug pull-related revenue was directly attributed to Thodex.
- Cryptocurrency theft increased 516% from 2020, reaching a total of $3.2B. 72% of funds stolen in 2021 were stolen from DeFi protocols.
Note: The full Chainalysis 2022 Crypto Crime Report is expected to be released in February.
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- 28% of people admitted using their personal device for work more than their work-issued device
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 🍋 Fresh Funding 🍋 Pocket, Web3/Infrastructure: $10M ⮕ The funding round was led by Republic Capital, RockTree Capital, Arrington Capital, and C2 Ventures. More: - Pocket is a Web3 developer platform that provides API and developer tools for developers to interact with blockchains.
- Pocket Network usage has doubled month-over-month since July, with the number of weekly relays jumping from around 10,000 to over 2 billion.
- Additional participants in the funding round included CoinShares, Decentral Park Capital, and Dominance Ventures.
Sygnum, Financial Services: $90M ⮕ The Series B funding round was led by Sun Hung Kai & Co. Ltd. and participated in by Meta Investments, Animoca Brands, Wemade, and others. More: - Sygnum is a Swiss-licensed, digital asset financial services provider that offers services including custody, brokerage, lending, and B2B banking.
- The fresh funding will be used to accelerate institutional Web3 offerings and expand Sygnum’s global markets.
- Sygnum has a total of $2B in assets under management and reached a post-round valuation of $800M.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Decentraland MANA | $3.23 | 8.73% ▲ | | 2 | yearn.finance YFI | $36,376.85 | 5.32% ▲ | | 3 | Cosmos ATOM | $40.26 | 5.80% ▲ | | 4 | Harmony ONE | $0.3052 | 4.06% ▲ | | 5 | Secret SCRT | $6.20 | 2.75% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | SushiSwap SUSHI | $7.47 | 8.82%▼ | | 2 | Theta Network THETA | $4.37 | 8.26%▼ | | 3 | Theta Fuel TFUEL | $0.1768 | 7.29%▼ | | 4 | Livepeer LPT | $42.00 | 6.61%▼ | | 5 | Arweave AR | $54.75 | 6.55%▼ | Source: CoinMarketCap, 3:30 EST
*Limited to cryptocurrencies in the Top 100
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 Ethereum co-founder Vitalik Buterin issued a new proposal for a multidimensional EIP-1559. If passed, the proposal would affect the gas fee market and change fees charged based on activities and resources used. More: - EIP-1559 was launched in August as a token burning mechanism that was set out to make gas fees more predictable.
- Vitalik believes that the current system established by EIP-1559 efficiently handles resources in the Ethereum Virtual Machine by failing to consider the limits for the different resources.
- Under the multidimensional EIP-1559, gas prices would be calculated either through an equation of base fees and resource units or by setting a fixed base fee for specific resource use instances.
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The NY State Department of Financial Services (NYDFS) hired Peter Marton as the NYDFS virtual currency chief. Marton was previously the director of digital asset strategy at Promontory. More: - The position of virtual currency chief at NYDFS had been open since late 2019 and was born out of the NYDFS’ creation of a Research and Innovation Division in July 2019.
- NYDFS’ Research and Innovation Division is responsible for overseeing the licensing of crypto firms.
- Marton will specifically be responsible for providing input on crypto policy decisions and overseeing the review of New York’s BitLicense requirement.
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QUICK HITS: - Samsung opened its flagship Samsung 837X store in Ethereum-based Metaverse platform Decentraland (MANA).
- Michelle Berrard, the daughter of former Blockbuster CEO Steven Berrard, joined the BlockbusterDAO core team.
- Nas will be selling the royalty rights to “King’s Disease” and “Rare” as NFTs via Justin Blau’s web3 music platform Royal.
- Thailand proposed a 15% tax on crypto gains for traders and crypto miners but exempted exchanges.
- WeChat added payment support for China’s digital yuan CBDC pilot.
- Dapper Labs registered to lobby in the U.S., making it the first NFT company to do so.
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UPCOMING EVENTS: - January 11 - The Business of Interactive Gambling with Jon Kaplowitz (Penn) (Register Here)
- January 11 - Venturing in VC Episode #2 - featuring guest Marshall Sandman (Animal Capital) (Register Here)
- January 13 - Education within the Metaverse with Steve Grubbs (VictoryXR) (Register Here)
- January 18 - Venturing in VC - Episode #3 (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 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 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)
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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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