The global crypto market cap is $2.03T 2.24%▼ with a 24-hour market volume of $102.43B 13.39%▲. Bitcoin's dominance is currently 39.78% 0.04%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $42,711.84 | 2.36% ▼ | | 2 | Ethereum ETH | $3,266.07 | 2.77% ▼ | | 3 | Binance Coin BNB | $480.15 | 0.88% ▼ | | 4 | Solana SOL | $147.38 | 2.25% ▼ | | 5 | Cardano ADA | $1.24 | 7.66% ▼ | Source: CoinMarketCap, 8:30 EST
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 Floyd Mayweather and Kim Kardashian were sued in New York over allegedly misleading investors. The lawsuit is related to their promotion of EthereumMax (EMAX) back in June 2021. More: - Mayweather promoted EthereumMax on Twitter and received a sponsorship from the token during his boxing match against YouTube celebrity Logan Paul.
- During the Bitcoin 2021 Conference, Mayweather was nearly booed off the stage when he said that another cryptocurrency would pass bitcoin while wearing an Ethereummax t-shirt.
- Kardashian used the classic “this is not financial advice” and included “#AD” on an Instagram post sharing what her “friends told her” about EthereumMax tokens.
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | World of Women ETH | $12.93M | 17.09% ▲ | | 2 | dotdotdots ETH | $10.88M | 1,246% ▲ | | 2 | Bored Ape YC ETH | $5.10M | 24.10% ▼ | | 4 | Cyberkongz VX ETH | $4.89M | 435.53% ▲ | | 5 | Axie Infinity ETH RONIN | $4.51M | 4.45% ▲ | Source: DappRadar, 8:30 pm EST (0% royalty NFTs with the majority of their daily transaction volume on LooksRare omitted)
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | Bored Ape YC | Ξ 74.69 | 0.65% ▲ | | 2 | CryptoPunks | Ξ 59.95 | 0% | | 3 | Mutant Ape YC | Ξ 14.90 | 0.68% ▲ | | 4 | VeeFriends | Ξ 12.95 | 0.38% ▼ | | 5 | Clone X | Ξ 6.46 | 10.64% ▲ | Source: NFT Price Floor, 8:30 pm EST
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 ConsenSys sued former investment head Kavita Gupta, alleging resume fraud. The lawsuit comes two weeks after Gupta sued ConsenSys for failing to pay her for her work in starting ConenSys Ventures. More: - ConsenSys alleged that Gupta fabricated credentials from Harvard Business School, MIT, and The World Bank in order to get hired.
- The Ethereum development firm additionally claimed that Gupta caused the firm to lose employees and opportunities due to her inability to manage a venture fund and her abusive personality.
- In defense to Gupta’s claim, ConsenSys stated that Gupta rejected compensation from her $600,000/year salary and demanded equity and other compensation instead.
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 🍋 Fresh Funding 🍋 Conduit, DeFi/API: $17M ⮕ The seed funding round was led by Portage Ventures and participated in by FinVC, Gemini Frontier Fund, Jump Capital, Diagram Ventures, and others. More: - Conduit, the “Stripe of DeFi,” is a DeFi API provider co-founded by former BRD wallet (acquired by Coinbase) VP of product Kirill Gertman.
- The API service aims to provide financial institutions and neobanks the developer tools to inject their products into DeFi ecosystems.
- The fresh funding will be used to hire North American and Latin America engineers, sales, and compliance team members.
NEAR Foundation, Blockchain/Layer 1: $150M ⮕ The token sale funding round was led by Three-Arrows Capital and participated in by Dragonfly Capital, a16z, Alameda Research, Jump Capital, and others. More: - The NEAR Foundation is the non-profit organization that supports the development and growth of the NEAR blockchain.
- The foundation aims to make NEAR the blockchain for web3, with CEO Marieke Flament stating that she hopes to decentralize the blockchain to the point where “her job is no longer necessary.”
- NEAR hit an all-time high yesterday of $18.70 amid an impressive 2x rally over the past month.
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The SEC filed a lawsuit against Crowd Machine in connection with the project’s ICO. The SEC’s last enforcement action related to an ICO was almost one year ago to date. More: - The SEC’s complaint against Crowd Machine claims that Australia-based Craig Sproule illegally offered unregistered securities through the use of ICO pools.
- ICO pools are groups of investors who provide capital to accredited investors to make investments on their behalf.
- The SEC further claims that the $5.8M raised in the ICO was not used to develop Crowd Machine’s “Crowd Computer” system but was instead invested into gold mining operations in South Africa without the investors’ knowledge.
- The largest single investor in the CMCT token ICO was allegedly a gold mining company based in Malaysia.
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Jack Dorsey announced that Block is building an open-source BTC mining system. Dorsey shared the details of the project’s objectives in a Twitter thread from Block GM of hardware Thomas Templeton. More: - The project is set out to create a more distributed and efficient way to set up, maintain, and operate crypto miners.
- Templeton stated that the team is looking internally to the bitcoin mining community to get more information on what they would want out of the project.
- While a timeline for the project’s release was not given, the announcement stated that the project is still in the research stage and open to feedback or support.
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- Former CFTC chair J. Christopher Giancarlo joined CoinFund as a member of its advisory board.
- Gemini acquired crypto portfolio management platform BITRIA (formerly blockchange) for an undisclosed amount.
- Guy Oseary will join Ethereum-based NFT project World of Women to represent the project across different media formats, including film and music.
- Arkansas will pay out $10,000 in bitcoin and a bike to move to Northwest Arkansas.
- Tether froze three accounts with over $160M USDT after receiving a request from law enforcement.
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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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