The global crypto market cap is $2.01T 3.79%▲ with a 24-hour market volume of $88.21B 13.39%▼. Bitcoin's dominance is currently 40.37% 0.50%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $42,716.69 | 2.29% ▲ | | 2 | Ethereum ETH | $3,230.24 | 4.80% ▲ | | 3 | Binance Coin BNB | $460.75 | 8.60% ▲ | | 4 | Solana SOL | $141.49 | 4.58% ▲ | | 5 | Cardano ADA | $1.19 | 4.46% ▲ | Source: CoinMarketCap, 5:00 EST
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 The sale of Meebit #1384 on LooksRare for 14,700 ETH (~$49.5M) has been flagged as a potential wash trade. Prior to the trade, the highest offer for the Meebit was 3.95 ETH. More: - Meebits' daily trading volume hit a massive all-time high of 40,500 ETH.
- 93% of all Meebit trades made in 24 hours occurred on LooksRare, according to data from CryptoSlam, with the majority of the 7% of Meebits being sold on OpenSea selling on LooksRare later the same day.
- Yesterday, LooksRare saw a total of $110M in transactions on its first day.
Wash Trading as a Feature: - LooksRare launched with a four-tier reward structure for daily trading volume, offering as much as 2,866,500 LOOKS (~$10M) a day for the next 721 days.
- Since LooksRare distributes daily LOOKS rewards based on the percentage of their trade volume, and the platform only charges a flat-rate 2% marketplace fee, NFT wash trading would be profitable so long as the total daily volume remains below $500M.
- Projects with 0% royalty like Meebits, Loot, and Terraforms would offer greater returns for wash traders and coincidently saw a massive spiking in trading volume yesterday.
- LOOKS token holders can stake their tokens with LooksRare to receive an allocation of marketplace fees daily, currently offering an APR of 978%.
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Meebits ETH | $43.16M | 7,883% ▲ | | 2 | CryptoSkulls ETH | $13.14M | 100% ▲ | | 2 | Loot ETH | $8.70M | 18,858% ▲ | | 4 | Bored Ape YC ETH | $7.84M | 2.08% ▼ | | 5 | PhantaBear ETH | $6.27M | 36.69% ▼ | Source: DappRadar, 5:00 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | Bored Ape YC | Ξ 76.94 | 1.36% ▼ | | 2 | CryptoPunks | Ξ 60.69 | 0.43% ▼ | | 3 | Mutant Ape YC | Ξ 15.25 | 0.97% ▼ | | 4 | VeeFriends | Ξ 13.49 | 1.17% ▼ | | 5 | Clone X | Ξ 5.58 | 5.08% ▲ | Source: NFT Price Floor, 5:00 pm EST
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 NFT collection Doodles became the latest Ethereum-based project to reach a double-digit floor price. The project's floor price has skyrocketed nearly 8,000% from its initial mint price of 0.123 ETH back in October. More: - The Doodle floor price is currently 10.99, up 29.29% over the past week.
- Doodles project manager "Mushy" stated that the project's success is due to its inclusivity, community-owned treasury, experienced development team, and its disregard for hype NFT buzzwords.
- NFT collector Pranksy purchased Doodle 6914 for 296.69 ETH last week, adding another Doodle to the 70 in his collection.
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 A message from LOHIKA Learn Why Web3 Matters to Your Business. Web3 is the next evolution of the Internet. If Web 2.0 was about user-generated content and social media platforms, Web3 is about decentralized services powered by the blockchain. Smart contracts and NFTs are Web3 technologies that run on the blockchain. Lohika is hosting an online event with our friends from Refresh Miami. We gathered a panel of Web3 experts that will explain what blockchain, smart contracts and NFTs are, then discuss related business opportunities in the present and future. The panel: Join us on January 26, 2022 at 10am PT / 1pm ET. Register Here
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 🍋 Fresh Funding 🍋 Flip, NFT Marketplace: $6.5M ⮕ The seed funding round was led by Distributed Global and Chapter One with participation from CMS Holdings, PplPleasr, Larry Cermak, and others. More: - Flip is an NFT marketplace aggregator that provides a single interface for accessing multiple NFT marketplaces.
- The platform additionally gives access to users to bundle multi NFT wallets together to track their portfolios across different chains.
- Flip previously raised funds in a pre-seed round led by CMS Holdings last year and stated plans to raise a Series A in the near future.
Seba Bank, Financial Services: $119M ⮕ The Series C funding round was led by Altive and participated in by FTX, Alameda Research, DeFi Technologies, Ordway Selections, and others. More: - Seba is a swiss-regulated crypto bank founded by the former head of asset servicing at UBS, Guido Buehler.
- The fresh funding will be used to expand SEBA’s international presence and develop new products and services.
- Seba currently offers services in 25 markets and is looking to expand into UAE, Hong Kong, and Singapore.
Web3Auth, Key Management: $13M ⮕ The Series A funding round was led by Sequoia Capital India and participated in by Multicoin Capital, FTX, LD Capital, YBB Capital, P2P Capital, and others. More: - Web3Auth (formerly Torus) is a crypto infrastructure provider that offers non-custodial key management tools.
- The team claims that nearly 20% of all bitcoin in circulation has been lost because of poor custodial key management.
- Web3Auth has raised a total of $15M since it was first founded in 2019.
Zero Hash, Infrastructure: $105M ⮕ The Series D funding round was participated in by Bain Capital, NYCA, Point72 Ventures, Steve Cohen, and others. More: - Zero Hash is a tech infrastructure provider for fintech firms and third-party retail brokers, including Moonpay, Ramp Tastyworks, and TradeStation.
- The fresh funding will be used to expand compliance, marketing, and product teams, as well as open support for Layer 2 protocols.
- Zero Hash is additionally looking to deploy some capital into opportunistic, strategic acquisitions.
- The Series D funding round comes just three months after the firm raised $25M in a Series C.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Oasis Network ROSE | $0.4338 | 19.92% ▲ | | 1 | NEAR Protocol NEAR | $18.03 | 19.60% ▲ | | 3 | Fantom FTM | $2.56 | 14.78% ▲ | | 4 | Polygon MATIC | $2.34 | 13.59% ▲ | | 5 | WOO Network WOO | $1.02 | 10.27% ▲ | ▼ TOP LOSERS / ▲ LEAST GAINERS | # | Name | Price | 24h % | | 1 | Chainlink LINK | $26.38 | 4.15%▼ | | 2 | Dash DASH | $143.62 | 0.76%▼ | | 3 | Unus Sed Leo LEO | $3.73 | 0.11%▼ | | 4 | Internet Computer ICP | $33.91 | 0.22%▲ | | 5 | Quant QNT | $169.29 | 0.78%▲ | Source: CoinMarketCap, 5:00 EST
*Limited to cryptocurrencies in the Top 100
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NEAR Protocol (NEAR) hit an all-time high of $18.70, doubling in price over the past month. The token rallied 18% over the past week in opposition to the market’s downward trend. More: - NEAR Protocol is a layer 1 blockchain aimed at improving transaction and throughput speeds as well as interoperability.
- A report from Electric Capital found that NEAR became the sixth-largest ecosystem in 2021, growing 4x over the past year.
- As other layer 1 projects like Solana, Avalanche and Luna received a lot of attention in 2021, NEAR and other alternative layer 1 solutions have started to gain the attention of investors in the beginning of 2022.
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 Dapper Labs banned user "FreeHongKong" from trading on the NBA Top Shot marketplace. Dapper's support team claimed it was due to providing "false or misleading information" during the user's verification process. More: - FreeHongKong stated that their identity was verified, but the account has remained locked.
- The username is a direct reference to the NBA's history of censoring Hong Kong's pro-democracy protesters.
- FreeHongKong remains unable to access their account despite NFTs reportedly being listed and purchased on Dapper Labs' marketplace.
- Dapper Labs locking a user from accessing NFTs is seemingly in contrast to the idea of digital ownership in web3.
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- An NFT project titled Ghozali Everyday, featuring daily selfies of Ghozali Ghozalu from 18 to 22, reached a floor price of 0.475 ETH, or half the total amount Chozali made on the entire primary sale.
- Jack Dorsey launched a legal defense fund for developers actively contributing to Bitcoin.
- Clothing Brand Gap announced the launch of gamified Gap NFTs with InterPop on the Tezos (XTZ) blockchain.
- 2TM Group, the operator behind Brazilian crypto exchange Mercado Bitcoin, acquired a controlling stake in Lisbon-based crypto exchange CriptoLoja.
- Wikipedia contributor Molly White issued a proposal to the Wikimedia Foundation to stop taking crypto donations over environmental concerns.
- ETH staked in the Ethereum 2.0 deposit contract surpassed $30B, with over 9M ETH locked in ahead of the anticipated blockchain merger.
- Inverse Finance (INV), Liquidity (LQTY), Polyswarm (NCT), and Propy (PRO) were added to Coinbase.
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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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