Market Color: Recent Episodes

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Journalist Laura Shin and blockchain analytics firm Chainalysis claim to have discovered the identity of the hacker who stole 3.64 million in ETH from the DAO in 2016.

• State Senator Sydney Kamlager-Dove has filed Senate Bill 1275, in the state of California which "would authorize a state agency to accept cryptocurrency as a method of payment for the provision of government services," according to the bill.

• Nayib Bukele has tweeted “I’m sending 52 legal reforms to congress, to remove red tape, reduce bureaucracy, create tax incentives, citizenship in exchange for investments, new securities laws, stability contracts, etc. The plan is simple: as the world falls into tyranny, we’ll create a haven for freedom.”

• Bitpanda has acquired Trustology, a custodian for both digital assets and DeFi, and will use the acquisition to improve its Bitpanda Pro offering for professional investors.

• FTX.US is launching its own gaming unit called FTX gaming, to encourage more game publishers to embrace cryptocurrencies, blockchain networks and NFTs.

• Grayscale Investments®, announced the launch of a campaign to educate and encourage American investors to submit comments on its application with the SEC to convert Grayscale Bitcoin Trust to a Spot Bitcoin ETF.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Ontario Provincial Police and Royal Canadian Mounted Police have now ordered all regulated financial firms to stop facilitating transactions from 34 crypto wallets tied to funding trucker-led protests in the country.

• Chainalysis’s recent ‘Crypto Crime Report’ shows that 4,068 criminal whales (roughly 4% of all whales) are holding more than $25 billion worth of crypto.

• Twitter has added the ability for users to add their Ethereum wallets to their profile allowing ETH and other ERC-20 tokens to be ‘tipped’ to other users.

• Sequoia Capital is launching a $500-600 million crypto fund, called The Sequoia Crypto Fund, which will invest primarily in tokens listed on exchanges.

• Castle Island Ventures has raised $250 million for its Castle Island Ventures III fund, which will be used to target start-ups involved in building monetary networks, financial services and internet architecture such as web3.

• Yield Street announced a partnership with Pantera to allow retail users of its platform to invest in the crypto market.

• Blockchain Life 2022 will take place in Moscow from April 20th to 21st, this will be the 8th international forum on blockchain, cryptocurrencies and mining.

• A greenhouse in North Brabant, Rotterdam, is being heated by Bitcoin Bloem mining which occurs in the same greenhouse.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Bloomberg has reported that hackers have stolen $21 million BTC and $15 million ETH from accounts held with IRA Financial Trust, citing an anonymous source.

• During a hearing on stablecoins from the President’s Working Group on Financial Markets saw Nellie Liang, the Treasury undersecretary and person who spearheaded the PWG report on stable coin speak.

• New Jersey Rep. Josh Gottheimer has released an early draft of legislation that is aimed at placing definitions around stablecoins.

• SIMBA Chain announced its acquisition StrongSalt, and will use this to scale its privacy and secure storage-focused offerings, while fully integrating high-performance data functionalities for its customer base, this effort will initially be based around its NFTs products.

• NYSE has filed with the U.S. Patent and Trademark Office, dated Feb. 10, indicated plans for an NYSE-branded cryptocurrency and a marketplace to buy, sell and trade NFTs.

• CryptoPunk #5822 sold for a record-breaking 8,000 ETH ($23.7 million), making it the highest-selling CryptoPunk to date.

• ConocoPhillips is selling extra flare gas to bitcoin miners in North Dakota, with the company currently running one Bitcoin pilot project.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Bloomberg has reported that BlockFi is going to pay $100 million to settle an investigation by the SEC and state regulator (including New Jersey, Alabama, Texas, Kentucky and Vermont) which alleged that the company offered a product that paid users high-interest rates in exchange for lending out their digital assets.

• A letter dated February 11th to a group of 6 senators (Cynthia Lummis, Mark R. Warner, Rob Portman, Kyrsten Sinema, Pat Toomey and Mike Crapo), which was viewed by The Block states that the US treasury does not plan to treat crypto miners, stakers and wallet providers as brokers for tax purposes.

• Both Coinbase and FTX debut advert during the Super Bowl announcing crypto giveaways. This resulted in the Coinbase website experiencing issues quickly after the ad aired and the Coinbase app jumps to #2 on the App Store in the US after the Super Bowl Ad.

• OpenSea has launched a venture arm called OpenSea Ventures, which will “provide Web3 developers and NFT creators around the world with the resources they need to build new decentralized economies that give creators, developers, and consumers greater freedom and ownership.”

• Uber CEO Dara Khosrowshahi was asked during a Bloomberg interview if the company planned to accept crypto as payments in the future and his response was “Absolutely. At some point. This isn't the right point, but we will."

• From March 9, the PancakeSwap, DEX on BSC will reportedly start blocking access to Iranian IP addresses and nine other jurisdictions (inducing Belarus, Cuba, The Democratic Republic of Congo, Iraq, North Korea, Sudan, Syria, Zimbabwe, and Crimea).

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass. Tune in to learn more about:

• A group of major cryptocurrency firms including Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to instill trust in the burgeoning digital asset industry, according to a Reuters report.

• A senior manager at the Bank of England said it is “highly unlikely” to develop a retail-facing wallet that could be used to store and spend digital currency, according to The Block.

• A decentralized autonomous organization (DAO) set up to support the liberation of WikiLeaks founder Julian Assange from prison has raised 12,569 ETH or around $38.8 million at current prices.

• Disney seems to be getting into the NFT space, with a posting looking for a business developer with NFT experience.

• Crypto infrastructure developer Qredo has secured an $80 million Series A investment that values it at $460 million.

• Crypto asset management firm Arca has closed a $50 million fund dedicated to investing in individual NFTs.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Wormhole a cross-blockchain bridge has been hacked for over $325 million on Wednesday.

• Joshua Jarrett sued the IRS for a refund on the taxes he paid for the block reward he earned in 2019 from unsold Tezos staking rewards.

• Hearings on stablecoins before both the House and Senate due in two weeks will feature one witness Nellie Liang, the Treasury’s undersecretary for domestic finance who spearheaded the report stablecoin report will appear on February 15th according to people with knowledge of the hearings.

• Chainalysis has announced that it has acquired Abaxx, a data integration, financial intelligence, and domestic and international affairs firm.

• GameStop is partnering with Immutable X to launch an NFT marketplace.

• A ChainAnylsis report which studies 262 addresses associated with NFT wash trading, found that 59% of NFT wash traders have been unprofitable, but the successful NFT wash traders studied have profited over $8.8 million.

• Kraken announced its implementation of next-generation auditing standards that are designed to let clients prove their bitcoin and ether balances are backed by real assets held in their custody.

• The Crypto Carbon Ratings Institute (CCRI), released a report calculating the electricity consumption and carbon footprint of 6 (Cardano, Solana, Polkadot, Avalanche, Algorand and Tezos) PoS blockchains.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• New malware named Mars Stealer, which is a powerful upgrade on the data stealing Oski trojan from 2019 is targeting crypto wallets.

• India’s Finance Minister Nirmala Sitharaman has announced a 30% tax on any income generated from the transfer of digital assets.

• OpenSea revealed via a Twitter thread that more than 80% of the NFTs minted using its free minting feature were plagiarized, spam or fake. (

• 776 Management (VC firm owned by Reddit co-founder Alexis Ohanian) has announced the news of a $500 million raise which will be used for two new funds where crypto "will be the majority of the portfolio by the end of this year."

• FTX is acquiring Liquid Group and its operating subsidiaries, including Quoine Corporation which runs a licensed crypto exchange in Japan.

• Amber Group, under its Japanese WhaleFin subsidiary, has announced the acquisition of DeCurret Inc, a Japanese-licensed crypto exchange.

• Solana Labs has launched a payments protocol called Solana Pay in partnership with Circle, checkout.com and Citcon, which allows merchants to accept USDC, SOL and other Solana tokens as crypto payments directly from their consumers.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with Data Analyst, Katherine Webb. Tune in to learn more about:

• Visa announced during a recent earnings call that customers made $2.5 billion in payments using crypto-linked cards in Q1 of 2022.

• WisdomTree Investments is prepping for the launch of a digital finance application, called “WisdomTree Prime” to allow customers to trade crypto and other financial products, with the app being blockchain-native at launch.

• A political action committee, called GMI PAC has been set up by crypto lending leaders to back congressional candidates in the 2022 mid-term election who will "work to give consumers and innovators the opportunity to build and use next-generation technologies services here in America."

• Google Cloud is launching a new dedicated digital Asset team to capitalize on Web 3.0 applications.

• Jefferies and Credit Suisse are hiring for crypto-related roles within their research divisions.

• “The Bitcoin Mining Network” a report published by CoinShare, which includes a detailed study of Bitcoin’s indirect carbon emissions via its mining network, shows that Bitcoin mining accounts for 0.08% of global CO2 emissions.

• Internet Computer has released its roadmap which shows plans to integrate with the Bitcoin and Ethereum networks by the end of the year.

• LeBron James’s charity Akron is partnering with Crypto.com in a multiyear partnership, to provide blockchain-related education and resources to underserved communities as well as increase innovations and job opportunities in decentralized applications.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Qubit Finance a DeFi protocol, Ethereum-BSC cross-chain bridge called X-Bridge has been exploited for a loss of $80 million.

• The U.S. Federal Reserve said it would hold interest rates near zero.

• There will be a virtual meeting on February 8 entitled “Digital Assets and the Future of Finance: The President’s Working Group on Financial Markets’ Report on Stablecoins.” Which will examine the outlook for stablecoin regulation.

• A hacker who goes by the alias Kingpin uploaded a YouTube video showing how he was able to crack a Trezor One hardware wallet containing more than $2 million in funds.

• Fidelity has filed with the SEC for two new ETFs.

• Sanchan Saxena, Coinbase's VP of product, has shown a demonstration of Coinbase new NFT platform to allow users to see what they can expect.

• President Vladimir Putin is backing a Russian government proposal to tax and regulate the mining of cryptocurrencies, and in doing so rejected the central bank’s proposal to ban crypto and mining.

• CoinShare launching a physically-backed crypto exchange-traded product (ETP) that offers transparent staking rewards and zero management fees.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• OpenSea users have seen their NFTs getting sold way below their floor prices because of a UI issue.

• The executive board of the International Monetary Fund has recommended that El Salvador discontinue the use of bitcoin as legal tender in the country due to the financial risks and liabilities created.

• Republicans on the House Financial Services Committee has written to the committee chair to call for more crypto legislation.

• YouTube has revealed in its annual letter to content creators, that they are exploring the idea of allowing content creators to capitalise on NFTs.

• Transactions number on Fantom have now exceeded those of Ethereum for the first time on Monday, with 1.2 million transactions were processed on the Fantom network compared to 1.1 million transactions processed by Ethereum for the same 24-hour period.

• Flushing Financial Corporation (FFIC) announced it has entered into an agreement with NYDIG, to offer bitcoin services to its customers.

• Grayscale Investments has added 25 tokens to its list of tokens under consideration for the Grayscale DeFi Fund and Grayscale Digital Large Cap Fund.

• Polymarket, the DeFi prediction platform, has launched new information markets only three weeks after being fined $1.4 million by regulators.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Both CNCB and Bloomberg have reported that SEC is rebuffing MicroStrategy's approach to bitcoin accounting.

• The Biden administration is preparing to release an executive order, as early as next month that outlines a comprehensive government strategy on cryptocurrencies and calls on Federal agencies to determine the risk and opportunities.

• Jerome Powell, chair of the Federal Reserve, has reiterated his belief that a digital dollar should not drive private stablecoins out of the market.

• Elad Roisman, an SEC commissioner has officially ended his term on Friday.

• Hacker attached several popular YouTube accounts on Sunday, with these hacked accounts posting unauthorized videos asking viewers to send crypto to the hackers Binance Smart Chain wallet.

• Tantra Labs, a crypto trading firm is being wound down after reporting "performance degradation" and failing to raise fresh capital.

• El Salvador Presidents has tweeted that the country has purchased an additional 410 bitcoin for $15 million, bringing the countries total holdings to at least 1,801 bitcoins.

• Citigroup is hiring a global head of digital asset risk management according to a post on LinkedIn, the role duties include “accountable for all matters relating to the risk management of digital asset activities globally and across all Citi business lines.”

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• SEC Chair Gary Gensler said that he’s hopeful that trading platforms will take steps in the coming months to be more directly regulated by Washington’s financial regulators.

• Congressional held a 2 ½ hour hearing on the crypto mining industry’s environmental footprint and specifically discussed the energy consumption of the PoW consensus method.

• The Multichain hacker has returned 322 ETH to the protocol and one of the affected users, with the hacker keeping 62 ETH as a bug bounty.

• Twitter has released an official verification mechanism for NFT profile pictures.

• Data from Glassnode shows that Bitcoin mining difficulty hits an all-time high.

• Mawson Infrastructure Group, based in Australia has announced it is operating above 1 EH/s and is on track to reach 5 EH/s by Q1 of 2023.

• Meta is working on plans to allow users to create and sell NFT as well as a potential NFT marketplace.

• Adidas Originals and Prada have announced user-generated content and create-owned art NFT collaboration.

• Union Bank of the Philippines plans to offer both trading and custodial services for crypto to capitalize on the fast adoption of digital tokens in the Asian nation.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Coinbase has partnered with Mastercard to allow users to purchase NFT using their Mastercard cards on Coinbase’s new NFT platform.

• Crypto.com has suffered an alleged hack losing at least 4,830 ETH, worth approximately $15 million, according to data from PeckShield.

• Silvergate Bank has announced its Q4 earnings of $18.4 million, this was lower than analyses estimates, and have dropped 22% from the amount earned during Q3.

• SoFi has received conditional approval, from the Office of the Comptroller of the Currency (OCC) to create a nationally chartered bank, located in Utah.

• Mythical Games has acquired streaming platform Polystream, which allows users to stream 3D content and engage with it without downloading it.

• Microsoft’s has announced plans to acquire Activision Blizzard for $68.7 billion, making it the 3rd largest gaming company by revenue.

• Erik Thedéen, vice-chair of the European Securities and Markets Authority (ESMA) has called on regulators in Europe to consider banning proof of work mining in favour of proof of stake, this was reported by the Financial Times.

• Crypto ATMs in Singapore are being closed down to comply with the new Monetary Authority of Singapore’s guidelines.

• Opera has released a beta version of their internet browser with built-in Web 3.0 integration.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Jack Dorsey is helping launch a new fund to help defend Bitcoin developers against legal action.

• Decentral Park Capital, with $140 million in asset under management, now has a $75 million fund to invest in DeFi initiatives.

• Valdy Investments completed the takeover of securities token platform INX via a reverse merger and has changed its name to INX Digital.

• A solo bitcoin miner with only 126 TH/s of computing power, managed to successfully mine block number 718,124 on the Bitcoin network.

• Ramp announced that its U.S. subsidiary Ramp Swaps LLC had received its registration as a Money Service Business with the Department of Treasury's Financial Crimes Enforcement Network in the US.

• OpenSea’s is in track to break its own record for monthly sales on Ethereum.

• eToro has introduced MetaverseLife, a smart portfolio which covering stocks and crypto-assets associated with the metaverse, with the goal to offer a diverse range of investments made for long-term exposure.

• Cash App has integrated the Bitcoin Lightning Network as a part of an update, to allow faster and cheaper BTC transfers using the Layer 2 payment protocol.

• TaxBit has launched a network, which allows users to connect accounts across CEX, DEX, DeFi and NFT platforms in order to generate their transaction history when filing their taxes.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• PayPal are exploring the launch of their own stablecoin, which will backed by the US dollars.

• Arbitrum has suffered its second outage in less than five months following a hardware failure. The network suffered a 7-hour Sequencer outage which prevented transactions from being processed during that period.

• Andreessen Horowitz has raised $9 billion in new capital. They will invest $2.5 billion in their venture fund, $5 billion for their growth fund, $2.2 billion in their crypto fund, $1.5 billion in their biotech funds and $400 million for seed funding.

• Serum, a Solana based DEX and liquidity infrastructure platform, has raised $75 million for The Incentive Ecosystem Foundation.

• Pantera Capital Bitcoin Feeder Fund now has $63.7 million in funding from 153 investors, this was revealed in a SEC filing.

• Riot Blockchainreleased its production and operations update for December 2021.

• Binance.US is building an office space in Portals, a metaverse platform built on Solana, which will focus on delivering the latest news, charts, and events virtually. FTX.US is also going to build its own office in Portals.

• Transaction numbers on Fantom overtook Avalanche last week, with more than 1 million transactions processed on the Fantom network compared with 728 thousand transactions on Avalanche.

• ImmuneFi published a report, which calculates that the total volume of losses in the cryptocurrency markets in 2021 from hacks, scams, and other malicious activities exceeds $10.2 billion from 120 instances, a 137% increase from 2020.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass.. Tune in to learn more about:

• The 2021 Electric Capital Developer Report showed that the number of Web 3.0 developers is at an all-time high.

• A blockchain game called Sunflower Farmers has caused failed transactions and degraded blockchain performance on the Polygon network.

• Wall Street Journal has reported that GameStop is "is close to signing partnerships with two crypto companies to share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects."

• Samsung has partnered with Decentraland to open its flagship 837 store in the metaverse.

• The block is reporting that a Congressional subcommittee is preparing for a hearing to examine the environmental impact of cryptocurrencies, especially bitcoin mining, citing three sources with knowledge of the matter.

• As a result of the Kazakhstan's government crackdown on protests sparked by high fuel costs, led to the countries internet being cut off on Wednesday.

• Chainalysis 2022 Crypto Crime Report showed that scans where the largest form of cryptocurrency-based crime transactions by volume with over $7.7 billion of crypto scammed worldwide, and 81% raises compare to 2020.

• The New York State Department of Financial Services have hired Peter Marton, Promontory's former director of digital asset strategy as its new virtual currency chief.

• China’s largest messaging app WeChat with over 1 billion users, will begin supporting the digital yuan as a means of payment.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass. Tune in to learn more about:

• Samsung has announced three TV models for 2022, which will enable NFT trading on the TV sets.

• Grayscale announced as part of its quarterly rebalancing a change to the constituents of its DeFi fund.

• On-chain data has shown that Tether has frozen over $1 million worth of USDT last week.

• The SEC has pushed back its final deadline on NYDIG Bitcoin ETF from Jan 15 to Mar 16.

• Metaversal, a NFT venture studio, has raised $50 million via a Series A funding round led by CoinFund and Foxhaven Asset Management.

• WonderFi Technologies Inc. has agreed to buy Canadian crypto exchange Bitbuy for $161.8 million, with $39 million in cash and 70 million in new shares.

• Canaan has entered strategic collaborations with multiple mining firms in Kazakhstan, to further expand its presence in the country.

• The Republic of Kosovo will ban cryptocurrency mining to tackle its energy crisis.

• Bored Ape Yacht Club NFTs have now generated more than $1 billion in total sales

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• MicroStrategy has purchased an additional 1,914 bitcoins for $94.2 million at an average price of $49,229 per bitcoin.

• Grayscale Investments tweeted they have $43.6 billion in crypto AUM, which is a 28% decline from the $61 billion held in early November.

• Reports on social media from dozens of Salvadorans states that money has disappeared from their Chivo wallets.

• Ontario securities regulator has fired back at Binance after the exchange claimed it could continue its operations on Dec 29th.

• ProShares is planning to launch in new Metaverse ETF, called “the ProShares Metaverse Theme ETF”, according to a filing with the U.S. SEC.

• Bitfarms has secured a $100 million credit facility with Galaxy Digital Holdings, which is backed via Bitfarms Bitcoin holdings (currently over 3,300 BTC).

• SEC announced via a press release, that senior Senate aide Corey Frayer will serve as a senior advisor on crypto-related issues.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• Swift, interbank messaging network is planning to explore how it can support interoperability in the tokenized asset market.

• U.S. Sen. Cynthia Lummis will propose creating a crypto regulatory body as part of her “comprehensive” digital asset policy bill.

• Terra has confirmed an ongoing scam attack via an official governance poll on Mirror.

• The Block Research’s 2022 Digital Asset Outlook Report revealed in just over 1,700 VC deals focused on crypto in 2021 a total of $25.1 billion was raised for start-ups, projects, and protocols

• Coinbase has announced it will link to investment-management software provider Enfusion’s Order Execution Management System to offer institutional customers on Coinbase Prime a way to streamline their crypto trades.

• Kraken is developing a marketplace for NFTs, which will allow users to arrange loans using their NFTs as collateral.

• The floor price of bored ape NFTs (53.9 ETH) has flipped that of Larva Labs' CryptoPunks (52.69 ETH) for the first time.

• Teabethia, a new cross-chain bridge has been launched connecting Ethereum with Internet Computer, this will allow ERC-20 tokens to exist natively on the IC blockchain.

• Binance has changed how it will burn Binance coins (BNB) from circulation, to better reflect their usage in the Binance Smart Chain ecosystem.

• Binance has received in-principal approval from the Central Bank of Bahrain (CBB) to become a crypto-asset service provider.

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• Kraken has acquired Staked to enable an alternative to its own custodial staking service, this is the company 5th acquisition of 2021.

• Du Kwon and Terraform labs have now filed its opposition to the SEC's request to enforce the subpoenas.

• Ethereum opened the Kintsugi testnet to the public and is one of the last testnets to before the launch of Ethereum 2.0, where the blockchain will convert to a Proof-of-Stake consensus method.

• El Salvador has bought an additional 21 bitcoins to mark the 21st day of the 21st year of the 21st century.

• A dormant address containing 321 has just been activated after 8.8 years, when the wallet was last active in 2013 the BTC was worth $6,594.

• Elad Roisman, a Republican SEC commissioner has announced that he will be stepping down at the end of January, no reason was given for his early departure.

• BitMEX is launching their own token and will be air dropping it to both new and existing users of the exchange.

• Binance Labs has led a $60 million investment in Multichain, formerly known as Anyswap, it is a cross-chain protocol which builds infrastructure for different blockchains including Ethereum, BSC and Avalanche.

• Blockchain Gaming Alliance has published a report which shows that NFT gaming tokens have generated $2.32 billion in revenue between July and September of this year.

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• MicroStrategy Inc. Chief Executive Officer Michael Saylor revealed on a company’s investor day call with shareholders, the company is looking for ways to generate a yield on its Bitcoin holdings.

• The Financial Stability Oversight Committee has released their 2021 annual report, which recommends that federal and state regulators continue to scrutinize digital assets for potential risks to the financial system.

• Grim finance a DeFi protocol on Fantom has been hacked for $30 million worth of fantom tokens yesterday.

• VanEck has filled a N-1A form with the SEC for a new active ETF, called VanEck Gold and Bitcoin Strategy ETF.

• Polygon and Seven Seven Six, have jointly launched a $200 million fund to invest in Web3 social media and gaming projects.

• Genius Yield, an AMM and liquidity management protocol built on the Cardano (ADA) blockchain, launched its initial stake pool offering (ISPO), which will continue for six months until June 15, 2022.

• Polkadot announced the that the first five parachains are not live on the Poladot network.

• Uniswap V3 has been approved by the community to be deployed on Polygon.

• Adidas Originals has earned 5,924 ETH, from its collaborative “Into the Metaverse” NFT drop with Bored Ape Yacht Club.

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• The US senate has confirmed Rostin Behnam as the next chairman of the Commodity Futures Trading Commission.

• Valkyrie is launching a new ETF, called the Balance Sheet Opportunities ETF, according to a regulatory filing.

• Bitwise has launched the Bitwise Blue-Chip NFT Index Fund, this index will track the 10 largest NFT collections, by market cap based on NFT floor prices.

• Dune Analytics is reportedly raising more funding which will give the company a $1 billion valuation, according to several investors with knowledge of the round.

• Voodoo has revealed they will invest $200 million in 2022 on studios that develop blockchain-based mobile video games.

• Nansen has raised $75 million in a Series A funding round led by Accel, with participation from Andreessen Horowitz and Tiger Global.

• Coinbase have sent a letter to the SEC to urge them to approve NYSE Arca’s application to convert the Grayscale Bitcoin Trust into an ETF.

• Shrina Kurani, a Democrat running in California’s 42nd Congressional District, will publish 2,022 NFT on the Solana blockchain as part of her election campaign.

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• NYDIG has raised $1 billion in a funding round, led by WestCap, which values the firm at over $7 billion.

• Infinite Assets also known as InfiniteWorld has announced it will go public in SPAC merger with Aries I Acquisition Corp.

• Vulvan Forged has had 96 private keys stolen which resulted in a $140 million in cryptocurrency being stolen.

• A bug on the CoinMarketCap website was reporting absurd prices and market capitalizations for all cryptocurrencies, including a bitcoin price of $789 billion per coin. The bug was live for 1 hours and has now been fixed.

• RTFKT (NFT collectibles and fashion startup) announced on Twitter that the company had been acquired by Nike.

• Elon Musk Tweeted “Tesla will make some merch buyable with Doge & see how it goes”

• Robinhood has acquired cross-exchange trading platform Cove Markets this was revealed in the companies blog post.

• Gala Games and C² Ventures have launched a $100 million fund to accelerate the development of blockchain gaming.

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• 90% of all Bitcoin’s have now been mined as of this morning, according to data from Blockchain.com.

• AscendEX exchange has been hacked for an estimated $78 million

• Wells Fargo & Company and HSBC Bank plc have announced an agreement to use a blockchain-based solution for the netting and settlement of matched foreign exchange (FX) transactions

• Pepsi, under its parent company PepsiCo, is launching its own NFT collection, containing 1,893 NFTs.

• BadgerDAO has shared more details on their $120 million, recent hack.

• Virtue Gaming, who are backed by ConsenSys and operate a betting platform have launched Play-to-Earn Poker.

• Audius has built a radio station in the metaverse game “DeFi Land”.

• South Africa’s Financial Sector Conduct Authority (FSCA) is planning a crypto regulatory framework to protect the more vulnerable members of its society.

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• On Wednesday Congress hosted a hearing with six senior executives from leading crypto firms. Overall, it believed that congress is generally warming up to crypto.

• Ledger have relieved at their Ledger Open event that have partnered with FTX to allows Ledger customers access to FTX exchange features from within Ledger Live.

• An issue with the Solona blockchain saw transactions speeds as slow as 500 TPS compared to the blockchain’s normal 2,000+ TPS on Thursday morning.

• SushiSwap CTO Joseph Delong has resigned stating “I very much enjoyed the things that we built together and will look back positively on this moment.”

• SoftBank’s managing director SoftBank’s Latin America Fund has revealed that 10% of one of the firms $5 billion funds is invested in crypto-related assets.

• Paradigm has raised an additional $35million in a fundraiser left by Jump Capital and Alameda Research., this have given the company a $400 million valuation.

• Foundry Digital has launched a dedicated marketplace to sell bitcoin mining machines called The FoundryX platform.

• Mastercard is reportedly teaming with 5 start-up protocols to solve global blockchain challenges as part of the companies “Start Path Crypto” program.

• Meta’s WhatsApp will now allow users to send and receive crypto payments using the Novi wallet within the massaging App.

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• Biden administration highlighted areas for improvement in curbing global corruption and illicit financing during it Strategy on Countering Corruption.

• Dawn Stump, from the U.S Commodity Futures Trading Commission (CFTC) said in an interview with the Financial Times, that U.S regulators should issue clear guidance on how crypto rules will be enforced before punishing firms for not allowing them.

• Vitalik Buterin highlighted in a blog post title, "Endgame" a thought experiment on how the average big blockchain.

• Fidelity Digital Assets and Nexo have announced a partnership which will offer crypto custodial services, products, and lending services to institutional investors.

• Google is still trying to shut down a sophisticated botnet (robot network) which is using the Bitcoin blockchain to evade cybersecurity officials.

• Tezos blockchain has released its carbon footprint report from PricewaterhouseCoopers Advisory SAS.

• InHouse Commercial and FTX have partnered up to offer 2 commercial real estate properties, in Miami which can be purchased using cryptocurrency.

• Visa has formed a new cryptocurrency-focused advisory unit with the aim of helping clients get to grips with the sector, with the new unit sitting within the company's broader consulting and analytics division.

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• BitMart relieved late Saturday it had suffered a hack resulting in the loss of $196 million worth of crypto.

• Celsius Network CEO Alex Mashinsky confirmed on a live stream the company lost funds in the BadgerDAO hack.

• The Block is reporting one trading executive said that there appeared to be an institution that sold more than $500 million in bitcoin last Friday morning.

• Ritholtz Wealth Management and WisdomTree investments are jointly launching a crypto index fund.

• Binance Smart Chain and Animoca Brands are launching a $200 million fund for investing in cryptocurrency-focused gaming projects building on BSC.

• A group of venture capital investors are in talks to back Polygon with an investment of between $50 million and $150 million.

• Cannon has filed a lawsuit in China against HighSharp, AGM’s ASIC chip designer for alleged patent infringement.

• Securitize is bringing its system of identity verification to DeFi, by proposing it’s KYC solution to DeFi lending platform Aave.

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• Chair of the SEC Gary Gensler and former chair Jay Clayton spoke at a fireside chat at Solidus Labs' and CryptoCompare's DACOM conference saying they see a productive future for crypto

• Maxine Waters, the Chairwoman of the House Committee on Financial Services, has announced the witness for the December 8 full Committee hybrid hearing

• Twitter Square is being renamed to Block, to become more in-line with its focus on blockchain instead of its original credit card reader business.

• The SEC has rejected WisdomTree’s application for spot based BTC ETF. The letter stated “the Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice.”

• Riot Blockchain released their November production and operations update, which showed that 466 bitcoins were mined in November

• Blockchain.com announced it will be launching its own NFT marketplace powered by OpenSea

• Meta, formerly known as Facebook has updated its criteria for running cryptocurrency ads on their platform

• BadgerDAO has been exploited for $120 million in what is described as a front-end attack, with a possible API key being compromised.

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• U.S. Treasury Secretary Janet Yellen has said that U.S. federal regulations are already in-line with those of the FATF crypto guideline and as such some non-custodial entities won’t be subjected to transaction reporting (source).

• The Federal Reserve Bank of New York and the Bank for International Settlements’ (BIS) Innovation Centre have launched the New York Innovation Centre (source).

• Grayscale sent a letter to the SEC claiming that the agency’s willingness to approve a futures-based product but not a spot product is “arbitrary and capricious” and could constitute a violation of the Administrative Procedure Act (APA) (source).

• Jack Dorsey, CEO of Twitter, has stepping down from his position. (source).

• A DeFi hack has resulted in around $31 million in various cryptocurrencies has been stolen from MonoX, a DeFi platform which offers liquidity pools (source).

• Kelly Strategic Management, has filed for a U.S. Ether futures ETF, with the US SEC (source).

• Fidelity launching a spot bitcoin ETF in Canada this week, called the Fidelity Advantage Bitcoin ETF (FBTC), and it will directly invest and purchase physical Bitcoin (source).

• Purpose Investments has launched new bitcoin and Ethereum EFT in Canada, with the key difference compared to other ETF, being investor will be paid a monthly yield (source).

• Coinbase is set to acquire Unbound Security, a crypto custody infrastructure firm specializing in multiparty computation (MPC) technology (source).

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• Saule Omarova, the Biden Administration pick for head of the OCC, is set to be rejected by five Democratic Senators, who have told the White House they will not vote for her, according to Axios.

• Yaron Shalem, CFO of Celsius, was one of the seven people arrested in Tel Aviv in connection with Israeli crypto mogul Moshe Hogeg.

• Vitalik Buterin’s posted on the Ethereum Magicians forum, EIP-4488, a proposed to “decrease transaction calldata gas cost, and add a limit of how much total transaction calldata can be in a block.”

• Google’s The Threat Horizons report has indicates that a majority of recently attacked accounts on its Google Cloud Platform service were used to mine cryptocurrency.

• Bloomberg is reporting that China is considering setting up a digital asset exchange in Beijing, to promote the usage of the digital yuan and crack down on cryptocurrencies.

• The People’s Daily, which is the ruling Chinese Communist Party official newspaper is warning investors about the investment fever around NFTs and asks the question whether it is another “zero-sum game hyped by cryptocurrency investors and capital”.

• Britain’s tax authority, Her Majesty’s Revenue and Customs (HMRC) regulations have introduced a 2% digital services tax which applies to all cryptocurrency exchanges operating in the United Kingdom.

• Singapore-based fund manager Fintonia Group, which is regulated by the Monetary Authority of Singapore (MAS), has launched a “physical” bitcoin fund and a yield fund, reported Fund Selector Asia.

• Bank of Tanzania is in the process of launching its own central bank digital currency. The news was revealed by the central bank Governor Florens Luoga at the central bank-organized 20th Conference of Financial Institutions (COFI).

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• SEC is planning an open meeting on Dec 2nd to include a crypto panel discussion titled Crypto and Digital Assets: Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.
• Grayscale has released a report titled “The Metaverse, Web 3.0 Virtual Cloud Economies” which states that the metaverse may represent an over $1 trillion annual revenue market opportunity.
• Adidas has tweeted saying they have partnered with Coinbase. Stating that it’s “Probably nothing.”
• The Collins Dictionary has officially announced declaring that NFT is their word of the year, surpassing the likes of crypto, metaverse and hybrid working, among others.
• An SEC filing shows that Morgan Stanley has increased its Bitcoin exposure to over $300 million by purchasing additional shares of the Grayscale Bitcoin Trust (GBTC) for 3 of its funds during Q3.
• Kazakhstan’s Ministry of Energy has attributed the 8% increase in domestic electricity consumption throughout 2021 to Bitcoin miners.
• BlockFi will now move to a rate-based withdrawal fee structure starting Dec 1st, citing “increasing transaction costs on the Ethereum network.”
• MoonPay has launched a new ‘concierge service’ aim at celebrities and the super-rich to enable them to purchase NFTs without any of the hassle of setting up a wallet or buying crypto. Clients include Jimmy Fallon and Post Malone.

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• El Salvador President Nayib Bukele announced that El Salvador will be creating a “Bitcoin City”, located on the Gulf of Fonseca near a volcano.

• Also announced was El Salvador plans to issue $1 billion US “bitcoin bond”, developed by Blockstream, on the Liquid Network.

• Samson Mow, Blockstream’s chief strategy officer stated that the $1 billion in tokenized bonds will be 10-year U.S.-dollar denominated and pay 6.5% initially.

• Square has revealed their white paper for an unnamed decentralized protocol, dubbed “tbDEX

• The authors of the paper noted "The tbDEX protocol approaches trust differently than other decentralized exchange protocols in the sense that it does not utilize a trustless model, such as atomic swaps.

• Celsius Network has added an additional $300 million of investment into Bitcoin mining investment. The investment will be used expand its proprietary Bitcoin mining hash rate and power capacity in North America.

• Canaan has delivered 2,000 Avalon mining rigs to Kazakhstan, and their overseas-registered entity in Kazakhstan will start joint operations, with more batches of miners expected throughout the week.

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• BlockFi Inc. is being scrutinized by the SEC over its product which pays customers high interest rates for lending out their digital tokens.

• Maple finance, a lending protocol which specialises in liquidity pools made up of institutions, has launched the first DeFi syndicated loan to Alameda Research.

• Fidelity has become the first bitcoin custodian approved by Canadian regulators. The company will launch its service in the form of a bitcoin trading and custody platform catered to Canadian institutional investors, including pension funds, portfolio managers, mutual funds, and ETFs.

• TIME Magazine intends to educate it readers about the metaverse. TIME will be launching a TIME 100 Companies list for the metaverse, and issuing a weekly newsletter dubbed Into the Metaverse.

• A pair of paintings from artist Banksy have sold for a combined 3,093 ETH in an auction at Sotheby’s on Thursday night. This is the first time the auction house has denominated a sale in cryptocurrency.

• KKR & Co (Private equity firm) is set to lead a series D investment round into Anchorage, (digital asset bank) which would value the bank at $3 billion.

• The Digital Currency Group announced the completion of a debt capital raise which will provide a credit facility for up to $600 million.

• This is DCG Frist entry into the debt capital market and follows on from a $700 million secondary equity transaction led by Softbank Group.

• Gemini Trust is looking to raise $400 million in funding which would value the company at $7billion, this was reported by Bloomberg reported citing people with knowledge of the matter.

• Oasis Foundation has launched a $160 million fund with investment from Dragonfly Capital Partners and others.

• Blockdaemon, has announced two new strategic investors in Tiger Global Management and JPMorgan Chase Strategic Investments.

• Blcockdaemon: the world’s largest blockchain infrastructure company for node management and staking.

• Bloomberg is reporting Prime Blockchain is in talks to go public via a SPAC merger with 10X Capital Venture Acquisition.

• BIT Mining has stated that its Q4 revenue will fall up to 20%, while its mining pool BTC.COM, completely exits the Chinese market.

• Binance has completed the integration of Arbitrum One mainnet, a scaling solution for the Ethereum network.

• Bacon Protocol, DeFi mortgage lender, has minted its first seven mortgages as NFTs offerings. The interest rate for each NFT mortgage ranges from 1.5% to 3.1% on properties in four U.S. states.

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• President Joe Biden signed the Infrastructure Investment and Jobs Act into law on Monday.

• Senate Finance Committee Chairman Ron Wyden and Senator Cynthia Lummis have responded by introducing a new bill that would reverse some of the cryptocurrency provisions in bipartisan infrastructure package.

• Congressman Glenn Thompson has released a draft of the Digital Commodities Exchange Act to the public.

• Both $XBTF VanEck futures-based Bitcoin ETF and $BITS Global X Blockchain & Bitcoin Strategy ETF listed yesterday.

• VanEck’s XBTF saw 38,398 shares traded on its first day, ending at $59.73 per share, just below its $60 per share open.

• Decision on both First Trust Skybridge Bitcoin ETF and Fidelity Wise Origin Bitcoin Trust have been pushed back till Jan 22, 2022

• Registration of Teucrium Bitcoin Futures Fund. NYSE Arca, Inc. filed with the SEC, a proposed rule change to list and trade shares of the Teucrium Bitcoin Futures Fund under NYSE Arca Rules for Trust Issued Receipts, with a deadline of Feb 11, 2022.

• Twitter CFO, Ned Segal said that investing in cryptocurrencies “doesn’t make sense right now,” according to the Wall Street Journal.

• The Sandbox is opening part of its Metaverse to players for the first time via a multi-week play-to-earn (P2E) Alpha event, after 4 years of development

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• The Taproot upgrade is now activated and went live when the Bitcoin blockchain reached block 709,632 at 5:15 UTC time on Sunday, which was mined and replayed by F2Pool.

• The CBOE website said in a notice the new VanEck Bitcoin Strategy Fund, a futures-based ETF, will start trading under the ticker symbol “XBTF” on Tuesday, with a new-issue auction to open trading around 9:30 a.m.

• U.S. SEC has asked for a court order that would compel Terraform Labs and their CEO Do Kwon to "comply with investigative subpoenas for documents and testimony."

• Gnosis founder made a proposal during a governance forum that would allow the Gnosis to merge with xDai.

• Forte, a blockchain gaming solution provider, has announced a raise of $725 million in their latest funding round.

• JUMO (South Africa and London-based) has announced it has raised $120 million in a funding round led by Fidelity Management & Research Company.

• Galaxy Digital release their Q3 report which showed that their net comprehensive income growing to $517 million compared to $41.5 million in the prior year period.

• Bakkt has posted a net loss of $28.8 million for Q3, with a Q3 revenue of $9.1 million which was up on both Q2 and the previous year’s Q3.

• The9 has signed a 32-megawatt (MW) mining capacity deal with Compute North to deploy 10,000 miners in the U.S

• Marathon Digital Holdings, Inc. announced its intention to offer, subject to market and other conditions, $500 million in aggregate principal amount of convertible senior notes due 2026 in a private offering to qualified institutional buyers.

• Circle’s Asia plans have been revealed and include a regional headquarters in Singapore, a new venture arm, and investment in a Japanese yen stablecoin.

• Coinbase Global Inc. is adding new social-networking capabilities to its platform, in the form of a share button.

• The island nation of Barbados is preparing to legally declare digital real estate sovereign land with the establishment of a metaverse embassy.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• U.S. Congress Joint Economic Committee will hold a hearing on Nov. 17 to be focused on clarifying the role of government in the context of digital assets

• Patrick McHenry, the senior Republican on the House Financial Services Committee has introduced the Ransomware and Financial Stability Act.

• Curve Emergency DAO has halted reward emission to a pool after it deemed the protocol behavior as a clear governance attack.

• “Curve War”: competition for CRV emission rewards is a common practice among protocols•

• A Mochi team member swapped $46 million in USDM for DAI using the Mochi Curve pool, swapped the DAI for ETH and used a large portion of that ETH to purchase massive quantities of CVX, which they then locked.

• There were some warning signs about Mochi Inu.

• After hinting at a possible Ethereum integration earlier in the week, Discord CEO Jason Citron now says the social network has “no current plans” to integrate crypto into its platform.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• The Federal Reserve published its latest financial stability report this week. The report highlights a range of vulnerabilities in the financial sector, including a section on stablecoins, comparing their risks to money market funds.

• Apple CEO Tim Cook has disclosed that he owns cryptocurrency, but said the investment was from a “personal point of view” and not indicative of Apple having crypto ambitions.

• CityCoins has revealed they are coming to New York. Eric Adams has been vocal about wanting to have a CityCoin for NYC similar to Miami’s.

• Coinbase looking into supporting ETFs on platform.

• Social network Discord has hinted a link to the Ethereum blockchain.

• Nexo has revealed its strategic investment in U.S.-regulated broker-dealer Texture Capital but did not disclose the amount.

• Seven Seven Six and Solana Ventures announced a $100 million to grow decentralized social media projects on Solana.

• Circle, has launched the Circle Ventures fund to support early stage blockchain projects and companies.

• Coinbase also announced the launched its Coinbase Wallet web extension.

• Hive Blockchain has announced they are raising C$110 million through a private placement offering of special warrants.

• Iris Energy announced in a filing with the SEC, it plans to sell about 8.3 million shares between $25 to $27 each, in its initial public offering.

• Microsoft’s Decentralized Identity team has launched the ION Decentralized Identifier (DID) network on the Bitcoin mainnet.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• US House of Representatives voted to pass the $1.2 trillion bipartisan infrastructure bill.

• New York Mayor-Elect Eric Adams gave an interview with CNN’s, where he described cryptocurrency as “a new way of paying for goods and services throughout the entire globe.”

• Solana Ventures, Lightspeed Venture Partners, and FTX announced a $100 million fund to invest in start-ups focused on building blockchain gaming studios.

• Bitmain is launching a more efficient Bitcoin miner according to a source.

• Osmosis a DEX on the Cosmos blockchain, is working on a way to prevent front running and the extraction of MEV.

• Chia Network is developing a data-sharing prototype for the World Bank’s Climate Warehouse.

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CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• At the Securities Enforcement Forum, Gary Gensler denied that new technological labels alter the realities of securities definitions, specifically calling out decentralized finance and crypto products.

• U.S. Representatives Tom Emmer and Darren Soto are calling on the SEC and its chair, Gary Gensler, to approve a spot bitcoin exchange-traded fund.

• Mayor-elect Eric Adams says he wants to make New York City "crypto-friendly," and he's taking note of the recent success of Miami's CityCoins project.

• Eric Adams said on Thursday that he will take his first three paychecks in bitcoin when he takes office in January.

• Mythical Games, announced their Series C funding raise of $150, which brings the startup’s total valuation to $1.25 billion.

• Enjin has formed a $100 million fund called the Efinity Metaverse Fund to support work on metaverse projects on Efinity a blockchain developed by Enjin with Polkadot, as well as NFT, Dapp and gaming.

• Binance and French Fintech, have launched an initiative called Objective Moon to support the development of the French and European blockchain and cryptocurrency ecosystem.

• Square earnings release showed they had made $1.82 billion in bitcoin revenue during the third quarter of 2021 via its Cash App, producing $42 million in gross profit from that activity.

• CoinShares as of 30 September has a total comprehensive income of £84.9 million, has generated £55.1 million in management fees and has £2.9 billion in AUM.

• TradeStation Group has announced it will become a publicly traded company through a SPAC merger with Quantum FinTech Acquisition Corporation.

• Chainlink, has announced the value of smart contracts dependent on its feeds has climbed to $75 billion. This Is a 10-fold increase on the previous year.

• A loan has been issued for $1.4 million using the crypto platform NFTfi, with the collator being an NFT, this is currently the largest NFT-collateralized loan.

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CrossTower's Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with data analyst Katherine Webb, and trader Chad Steinglass. Tune in and learn more about:

• Direxion withdraws Bitcoin Strategy Bear (inverse) ETF
• The SEC gave notice that it is extending the deadline for its decision to Jan. 7, 2022, for the Valkyrie Bitcoin ("physical" exposure) Fund.
• CME Group, announced it will expand its crypto derivatives offerings with the introduction of Micro Ether futures on December 6, pending regulatory review.
• President’s Working Group on Financial Markets (PWG) has released its report on the risks that stablecoins pose to the financial system.
• Miami Mayor Francis Suarez pledged Tuesday to take his next paycheck entirely in bitcoin.
• Developers of Squid Game have left the project due to the stress of dealing with scammers. The token rose by more than 35,000% in just three days.
• The Avalanche Foundation has announced a new fund, called Blizzard.
• The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using NFTs, has raised $93 million from investors led by SoftBank’s Vision Fund 2.
• Sfermion announced the closure of a $100 million fund from an investment firm backed by Alan Howard and the Winklevoss twins.
• Chipper Cash, an African cross-border payments company, has raised $150 million in a Series C extension round led by FTX.
• Marathon Digital produced 417.7 bitcoins in October, a 23% increase over the previous month. The company now has about 7,400bitcoins.
• Argo Blockchain achieved record revenue of $26 million in the third quarter, according to its earnings statement.
• Genesis Digital Assets is building a new self-hosted bitcoin mining data center in West Texas with 300 megawatt of capacity and power sourced from Electric Reliability Council of Texas (ERCOT).
• Compass Mining, announced an agreement with Red Jar Digital Infrastructure (“RJDI”), a hosting infrastructure company, for a new Canada-based hosting facility powered by 95% clean energy.
• Burger King plans to give away crypto as prizes to its customers in partnership with brokerage platform Robinhood.

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CrossTower's Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with trader Chad Steinglass. Tune in and learn more about:

• Valkyrie has officially withdrawn its 1.25x bitcoin futures ETF.
• Tron founder Justin Sun has withdrawn billions $ worth of crypto from Aave's lending pools, according to blockchain data. This has removed a significant amount of liquidity from the platform, triggering much higher interest rates.
• A newly launched crypto project, AnubisDAO that raised $60 million but appears to have lost all the funds.
• A CryptoPunk technically sold for $532 million, making it the biggest sale on record. According to blockchain records, the CryptoPunk owner purchased the Punk from themselves.
• Digital Currency Group Inc. has raised $700 million in an investment round, the 2nd in the crypto sector.
• NYDIG, has acquired British payments start-up Bottlepay. NYDIG will pay for the company in shares, and the deal is worth between $280 to 300 million (equivalent to 3% of NYDIG’s shares).
• Hive Blockchain Technologies has ordered another 6,500 Avalon bitcoin mining machines from manufacturer Canaan.
• Bitcoin miner Rhodium Enterprises intends to become a publicly traded company, according to a filing with the U.S. SEC, in which it outlined plans to raise up to $100 million.
• Amazon Web Services (AWS) want to hire a Financial Services Specialist to work with global financial institutions and fintech’s, and “transform the way they transact digital assets including coins, tokens, CDBCs, security-backed tokens, asset-backed tokens and NFTs from price discovery to execution, settlement and custody.”
• Patreon CEO spoke on a panel at The Information’s 2021 Creator Economy Summit, where they were asked about the membership platform’s plans for crypto.
• Australian funds have begun to apply for Bitcoin based spot EFTs.

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CrossTower's Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with trader Chad Steinglass and data analyst Katherine Webb. Tune in and learn more about:

• The Financial Action Task Force has released revised and finalized crypto guidance, containing clarifications on who falls under its recommended requirements.
• The US SEC will not approve the listing of leveraged bitcoin exchange-traded funds (ETF).
• The acting chairman of the CFTC, Rostin Behnam told the Senate Agriculture Committee that the commodities regulator is ready to become the primary federal regulator for digital assets, should Congress expand the agency’s remit.
• Cream Finance confirmed the theft of $130 million worth of tokens in a new tweet, saying that "Our Ethereum C.R.E.A.M. v1 lending markets were exploited and liquidity was removed on October 27, 1354 UTC."
• Coinbase experienced extended outages on its website, mobile apps and API on Wednesday. This affected Coinbase and Coinbase Pro as well as its credit card.
• MicroStrategy Q3 financial results were published on Thursday, they have added nearly 9,000 to its holdings in Q3.
• CMMC Global is targeting $300 million for its 4th crypto fund. The fund currently has $90m million in assets under management.
• Voyager Digital announced a $75 million investment from Alameda Research.
• Alchemy is the latest company to gain unicorn status, closing a $250 million Series C funding round.
• Anchorage is raising a large funding round that will value the company at between $2 billion and $3 billion, according to four people familiar with the plans.
• Bitfarms is constructing two new production facilities in Québec, due to be completed in Q2 next year. The plants will host 21,000 new miners, adding 78 megawatts of total capacity.
• River Financial, will enable its clients to buy bitcoin mining machines and start mining without having to set up and maintain the computers themselves.
• FTX CEO Sam Bankman-Fried stated that FTX plans to keep expanding into new jurisdictions through buying local crypto companies or exchanges.

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CrossTower's Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with trader Chad Steinglass and data analyst Katherine Webb. Tune in and learn more about:

EFTs

• Valkyriehas filed with the SEC, to offer a 1.25x leveraged bitcoin futures ETF to U.S. investors.
• Direxion (Exchange-traded fund issuer) has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin.

Regulatory

• According to a Bloomberg article, cited people familiar with the matter, a report expected this week from the U.S. Treasury Department and other agencies will indicate that the SEC has significant authority to regulate stablecoins, which are the cryptocurrencies pegged 1:1 to fiat currency.
• FDIC chair Jelena McWilliams said that the agency is focused on creating "clear guidance" on the intersection between crypto and the American banking world.

Funding

• SkyBridge Capital is privately offering its investors the option to invest in Kracken.
• CoinList has raised $100 million in Series A funding, bringing CoinList’s valuation to $1.5 billion.

Mining

• Australian bitcoin mining company, Iris Energy filed for an initial public offering (IPO) with the U.S. SEC to raise up to $100 million.

Other

• Mastercard and Bakkt announced a partnership which will allow customers based in the United States to buy, sell and hold digital assets through custodial wallets.
• An “Initial Litigation Offering” is looking to fund a case against a California county by offering a tokenized stake in any resulting recovery.

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CrossTower's Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with data analyst, Katherine Webb. Tune in and learn more about:

• Polygon has awarded $2 million bounty to a white hacker after they identified a vulnerability which could have put as much as $850 million of capital at risk.
• Terraform Labs CEO and founder Do Kwon is suing the SEC. The Court filings showed that Kwon was served with two subpoenas at Messari’s Mainnet conference last month.
• Net Savings Link, Inc a cryptocurrency, blockchain and digital asset technology company, announced that it has signed a Letter of Intent to acquire a 51% stake in a leading Cryptocurrency Exchange.
• The Commodity Futures Exchange Commission is said to be investigating Polymarket, the decentralized prediction market, according to Bloomberg sources.
• Q2 Holdings announced that Five Star Bank and UNIFY Financial Credit Union as the first financial institutions in the U.S. to enable their banking clients and members to buy, sell and hold bitcoin, powered by NYDIG.
• A new proposal that the Binance Smart Chain should adopt a regular fee-burning mechanism, similar to the one implemented by Ethereum’s London hard fork upgrade.
• Kazakhstan’s Ministry of Energy plans to limit the electricity consumption of the nation’s crypto mining industry to a total of 100 megawatts (MW), in order to stop power shortages.
• Greenidge Generation has announced it is entering into an agreement regarding potentially constructing new data centers in Texas.
• CoinMarketCap has reportedly fallen victim to a hack that leaked 3.1 million user email addresses.

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CrossTower's Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with Trader, Chad Steinglass, and data analyst, Katherine Webb. Tune in and learn more about:

• Valkyrie bitcoin futures ETF has been cleared by the U.S. SEC. The new ETF will start trading today on the Nasdaq, under the ticker BTF.
• The Proshares Bitcoin Strategy ETF is on track to reach a limit on the number of futures contracts it’s allowed.
• Cboe Global Markets, announced it has entered into a definitive agreement to acquire Eris Digital Holdings.
• The Financial Action Task Force (FATF) released the outcomes of its October plenary meeting. The FATF has finalised its virtual asset guidance and plans to publish an updated version on October 28.
• Yesterday the price of bitcoin on Binance.US exchange flash crash down to $8,200, falling 88% in a matter of seconds.
• The Japanese trustee for the former cryptocurrency exchange Mt. Gox said creditors have approved a plan that will eventually lead to the distribution of more than $9 billion in Bitcoin.
• FTX has raised $420 million for this latest funding round, valuing the company at $25 billion.
• A&T Capital has closed the first round of fundraising at $70 million. They plan to close the second round of fundraising by the year-end, with a target size of $30 million.
• Digital Currency Group has increased its Grayscale Bitcoin Trust GBTC buy range by $250 million and announced it has already bought $388 million share so far.
• Bitwise Asset Management formed a Polygon fund to give investors exposure to the layer 2′s native MATIC token.
• The two largest public mining companies, Marathon Digital Holdings and Riot Blockchain are both planning on expand their mining capabilities by serval order of magnitude.
• Hut 8 has bought 12,000 new miners from Inchigle Technology Hong Kong Ltd.
• AGM Group, has received an order for 25,000 of its mining machines from MinerVa Semiconductor.
• Walmart now has 200 Bitcoin machines inside its stores, in pilot with Coinstar. Customer can use the machines to purchase bitcoin using cash.
• The Associated Press (AP), announced is has partnered with decentralized blockchain oracle network Chainlink to put its journalism on a blockchain.

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CrossTower's Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with Trader, Chad Steinglass, and data analyst, Katherine Webb. Tune in and learn more about:

• The ProShares Bitcoin Strategy ETF, trading under the ticker BITO, finished Tuesday’s regular session with healthy gains 4.9%.
• Interestingly, Invesco has decided it will not pursue bitcoin futures ETF and will focus on blockchain stock and spot bitcoin ETF instead.
• Grayscale has announced it has filed with the SEC to convert Grayscale’s flagship product, Grayscale Bitcoin Trust into a Bitcoin Spot ETF.
• Riot Blockchain has announced the development of 200 megawatts (“MW”) of immersion-cooling technology at its Whinstone facility.
• For further understanding, immersion-cooling is a technique where Bitcoin mining ASICs are submerged in a specialized fluid, which is circulated to keep the ASICs’ integrated circuits operating at lower temperatures.
• Silvergate Capital’s 3Q net income rose 12% to $23.5 million, or 88 cents a share.
• Signature Bank added $10 billion in deposits in the third quarter, which included “notable contributions” from its digital assets service.
• Galaxy Digital, announced that its Galaxy Interactive division has raised a $325 million investment fund.
• Hedge fund Multicoin Capital plans to raise $250 million for a third venture fund aimed at crypto startups.
• Investment firm Republic announced a $150 million Series B funding round that was led by Valor Equity Partners.
• Atlas Mining, which aims to be 100% carbon-free, signed a 100-megawatt “colocation capacity” deal with Compute North to expand its U.S. mining operations.

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CrossTower's Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with Trader, Chad Steinglass, and data analyst, Katherine Webb. Tune in and learn more about:

• Proshares Bitcoin Strategy ETF approved as of Friday 16:14:50.
• Report circulating that Grayscale Investments plans on filing an application to convert the biggest bitcoin fund into a spot ETF early this week, according to a person with knowledge of the matter.
• The CFTC has fined Bitfinex and Tether more than $42 million on allegations the USDT stablecoin was not fully backed, at all times and that Bitfinex violated a previous agency order.
• Blockchain journalist Colin Wu tweeted the data from Glassnode as of Sunday, the number of Bitcoin addresses holding 1,000 Bitcoins or more is at a record low of 82.
• Treasury's Office of Foreign Asset Control (OFAC) has released a new brochure with crypto-specific guidance on navigating U.S. sanctions.
• Square CEO Jack Dorsey tweeted that Square is considering building a Bitcoin mining system based on custom silicon and will be open source for individuals and businesses worldwide.
• BTC.com, the mining pool subsidiary of BIT Mining, will exit mainland China in response to the ongoing crackdown on the crypto industry in the country.
• Bakkt Holdings (digital asset platform) has completed its merger with VPC Impact Acquisition Holdings, Intercontinental Exchange (ICE), in a deal valued at £2.1 billion.
• China gdp growth coming in weaker and still big overhang from evergrande and other real estate development.
• Significant dispersion in alt coins as traders rebalance and jump between coins.

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CrossTower's CEO & Co-Founder, Kapil Rathi, talks latest and greatest crypto news and market trends with Research Analyst, Martin Gaspar, and Trader, Chad Steinglass, and data analyst, Katherine Webb. Tune in and learn more about:

• Bloomberg reported that the U.S. SEC is going to approve the first Bitcoin futures exchange-traded fund (ETF).
• Alpha Architect ETF Trust, has submitted a filing for a bitcoin futures ETF, with 21Shares listed as the fund’s sub-adviser.
• Bitwise Asset Management has filed for a physically backed bitcoin exchange-traded fund (ETF) with NYSE Arca.
• Special purpose acquisition company (SPAC), Subversive Capital Acquisition, has filed an application with the U.S. SEC for an ETF focused on the metaverse.
• Antpool, the largest bitcoin mining pool by hashrate (currently 17%), said it will block internet access from mainland China to comply with Chinese government regulations on crypto mining activities.
• Stronghold Digital, which is bitcoin mining company that converts coal waste into power for its operations, plans to raise about $100 million in an initial public offering, according to a SEC filing.
• Cipher Mining Technologies, has signed an agreement with Bitfury to purchase between 28,000 to 56,000 Bitfury mining rigs.
• A SEC filing shows that bitcoin mining company Greenidge Generation Holdings has entered into an agreement with an underwriter for the sale of $50 million worth of 8.5% senior notes due 2026.
• BoE’s deputy governor of financial stability, Jon Cunliffe, gave a speech, titled “Is crypto a financial stability risk?”

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CrossTower's Bergen Sanderford talks latest and greatest crypto news and market trends with Research Analyst, Martin Gaspar, and Trader, Chad Steinglass, and data analyst, Katherine Webb. Tune in and learn more about:

• U.S. Deputy Attorney General Lisa Monaco unveiled two new Justice Department enforcement initiatives aimed at targeting cryptocurrencies and government contractors who fail to report cyber breaches.
• A Bloomberg journalist made several claims against Tether including that Tether CFO, Giancarlo Devasini has used the companies reserves to make investments that contradicted Tether’s public position that their holdings were always fully backed.
• Tether respond to the report calling it a “tired attempt” to undermine the company based on “innuendo and misinformation.”
• Chinese mainland markets opened after a week long holiday, and the PBOC actually drained liquidity from the banking system in a surprise move.
• It has been reported that The Federal Deposit Insurance Corp. (FDIC), a key U.S. banking regulator, is indeed studying whether certain stablecoins might be eligible for its coverage.
• MoneyGram is now working with Stellar blockchain to create instant money transfers using Circle USDC stable coin.
• Invesco Ltd, announced the launch of two passively managed exchange-traded funds (ETFs) focused on digital assets and blockchain.
• Voyager Digital has released its fiscal first-quarter revenue (ended on Sept 30).
• George Soros' family office, Soros Fund Management, has announced it is invested in bitcoin.
• Binance CEO told Reuters that Ireland features in Binance’s plans to establish headquarters across the world.
• A NigerianGovernor spoke at a conference stating that The Central Bank of Nigeria (CBN) will launch the eNaira, its digital currency, in a couple of days.

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CrossTower's Bergen Sanderford talks latest and greatest crypto news and market trends with Research Analyst, Martin Gaspar, and Trader, Chad Steinglass, and data analyst, Katherine Webb. Tune in and learn more about:

• Gensler was asked at a House hearing if a China-like prohibition was on the table in the U.S, he replied “Our approach is really quite different.”
• Patrick McHenry, member of the House Financial Services Committee, introduced the “Clarity for Digital Tokens Act of 2021.”
• Circle Financial is under investigation by the U.S. SEC.
• Sino-Global have announced they will be developing a new Bitcoin mining machine in a joint venture with the blockchain firm Highsharp.
• Link Global, (data centre and power firm) could face a $7.1 million fine from the Alberta Utilities Commission (AUC) for setting up two sites in Canadian without permission.
• Venture firm NFX announced a new $450 million fund aimed at expanding its investing in pre-seed and seed-stage companies, including those in the crypto space.
• Sky Mavis, the creator Axie Infinity, announced a $152 million Series B round led by Andreessen Horowitz (a16z).
• U.S. Bank announced that its cryptocurrency custody services are now live and available to their Global Fund Services clients.

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CrossTower's Bergen Sanderford talks latest and greatest crypto news and market trends with Research Analyst, Martin Gaspar, and Trader, Chad Steinglass. Tune in and learn more about:

• Coinbase has disclosed that an attacker stole Cryptocurrency from around 6,000 customers. This occurred between March and May 2021 using a vulnerability to bypass the company’s two-factor authentication system.
• Compound Finance has been drained for $22 million in COMP tokens.
• The SEC has delayed another 4 bitcoin ETF applications, moving the deadlines too late November and December.
• Solana and Uniswap has been added to Grayscale nearly $500M Digital Large Cap Fund for the first time.
• El Salvador has introduced a new fuel subsidy; local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the Chivo wallet.
• IMF said that the arrival of digital currencies in emerging markets could spark "cryptoization" of local economies. This could potentially undermining exchange and capital controls as well as upsetting financial stability.
• Joe Biden announced that top U.S. national security advisers will meet with officials from 30 countries this month to plan how to combat the threat of ransomware and other cyber-crime.
• The Biden administration is looking into ways to propose bank-line regulations on companies that issue stable coins the Wall Street Journal reported.

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CrossTower's Bergen Sanderford talks latest and greatest crypto news and market trends with Research Analyst, Martin Gaspar, Trader, Chad Steinglass, and Research Analyst, Katherine Webb. Tune in and learn more about:

• U.S. Federal Reserve Chairman Jerome Powell has told Congress he does not intend to ban cryptocurrencies but said stablecoins need greater regulatory oversight.
• Visa has developed a conceptual protocol, called "Universal Payments Channel" (UPC).
• Compounds Finance’s new upgrade, contains a bug that has given users an “unusual amount” of COMP tokens as rewards.
• Argo Blockchain has agreed to buy 20,000 mining machines for the data center it is building in West Texas.
• It been reported that decentralized exchange aggregator 1inch has begun geofencing U.S. IP addresses. This move aim to pave the way for a new product launch in the U.S.
• Ripple’s has launched a new $250 million Creator Fund which will provide funding and technical support for artist and developers in the NFT sector.
• Zero Hash, has raised $35 million in a Series C funding round led by Point72 Ventures.
• El Salvador officially starts volcano-powered Bitcoin mining.

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CrossTower's Bergen Sanderford talks latest and greatest crypto news and market trends with Research Analyst, Martin Gaspar, Trader, Chad Steinglass, and Research Analyst, Katherine Webb. Tune in and learn more about:

• Kraken as settle with the CFTC and has been fined $1.25 million, due to violating the Commodities Exchange Act between June 2020 till June 2021.
• The CFTC Commissioner proposed opening up a rule-making procedure to provide clear “rules of the road” for exchanges and other crypto entities to abide by.
• Two U.S. senators have introduced a bill on Monday requiring the Treasury Department to take a closer look at crypto mining across the world.
• Decentralized Ethereum-based exchange DeversiFi is reassuring users after a 100,000 of tether transaction cost the platform $23.7 million in fees.
• Dan Berkovitz, a commissioner at the U.S. Commodity Futures Trading Commission, will serve as general counsel of the U.S. Securities and Exchange Commission starting in November.
• Coinbase is adding a new feature which allows user to deposit a portion of their paycheck into their Coinbase account.
• Revolut, which has a $33 billion valuation, is looking to launch its own crypto token, according to two sources.
• Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal.
• CoinGecko, CoinMarketCap and TradingView are currently all blocked by China's internet firewall, according to tests run by The Block, in a move from China's internet censorship agency.
• Bitmain, one of the world’s largest manufacturers of bitcoin mining machines, is planning to suspend sales of its machines to miners in mainland China.

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CrossTower's Bergen Sanderford talks latest and greatest crypto news and market trends with Research Analyst, Martin Gaspar, Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in and learn more about:

• Speaker of the US House of Representatives Nancy Pelosi as announced that the house will vote on the $1 trillion bipartisan infrastructure bill on Thursday, Sept. 30.
• “China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage over China.”
• Decentralized derivatives exchange dYdX has seen a surge in trade activity as news of Chinese crypto crackdown.
• “Many Chinese users will flood into the DeFi, and the number of users of MetaMask and dYdX will greatly increase. All Chinese communities are discussing how to learn defi.”
• Huobi Global exchange that cater to mainland China customers, will retire all China-based user accounts by 12/21/2021.
• OKEx, has not yet made any comments about user account being suspended.
• Exchange tokens for Huobi and OKEx have dropped more than 27% and 15% respectively.
• Binance: Suspended new mainland China user registration through Chinese mobile phone numbers.
• FTX has officially moved its headquarters from Hong Kong to the Bahamas.
• China's crackdown has sparked some retail traders into selling USDT on over the counter (OTC) markets on crypto exchanges.
• Sparkpool one of the largest Ethereum mining pool in the world, says it will no longer serve Chinese miners.
• President of El Salvador tweeted that 2.1 million Salvadorans are now actively using the Chivowallet.
• Powerbridge Technologies has launched a new Singapore-based crypto mining subsidiary, Powercrypto Holdings.
• Genesis has completed the first OTC block trade of a Basis Trade at Index Close (BTIC) transaction using Bitcoin futures contracts issued by Chicago Mercantile Exchange (CME).

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CrossTower's Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in and learn more about:

• China’s central bank has said all cryptocurrency-related transactions are illegal and must be banned.
• Circle is partnering with financial data aggregator Plaid.
• Twitter has officially rolled out its tips function worldwide, with a bitcoin integration provided via the Lightning network.
• 1inch has deployed its Exchange Aggregator and Limit Order protocols to the Arbitrum layer 2 network.
• eToro has launched a new portfolio offering exposure to DeFi through a portfoilio of 11 crypto assets.
• Kava Labs has launched a $185 million Ignition Fund that will be used to support DeFi projects and onboard new projects.
• eToro is delaying going public through a SPAC listing until the fourth quarter.
• Dapper Labs (NBA TopShot NFT creator) has raises another $250m of was led by Coatue.
• Crypto custodian Cobo Wallet raised $40 million in a Series B funding round led by DST Global, A&T Capital and IMO Ventures.
• Argo Blockchain said it raised $112.5 million in a U.S. share sale.
• Kentucky's securities regulator ordered crypto lender Celsius Network to cease and desist from offering its interest paying accounts in the state.
• Robinhood plans to begin testing cryptocurrency wallets next month, with an aimed rollout in early 2022.

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CrossTower's Bergen Sanderford talks latest and greatest crypto news and market trends with Research Analyst, Martin Gaspar, Trader, Chad Steinglass, and Research Analyst, Katherine Webb. Tune in and learn more about:

• Gensler said he will be looking closely at crypto platforms as he believes many crypto tokens have attributes of investment contracts or securities. "Stablecoins may have attributes of investment contracts, have some attributes like banking products."
• Coinbase has dropped its plans to launch its lending product. Coinbase is opening its Prime crypto brokerage to all institutional investors.
• DeFi platform Vee Finance has exploited for around $35 million in the second major attack of an Avalanche platform.
• Portal, a project that’s looking to build out a DeFi ecosystem on the Bitcoin blockchain, has raised $8.5million.
• Invesco has file and register Invesco Galaxy Bitcoin ETF, a trust with physically protected private keys.
• FTX has received licenses in Gibraltar and the Bahamas for two of its subsidiaries.
• Compass Mining has launched a new service that lets retail miners mine bitcoin at their homes.
• Genesis Digital Assets, has announced a strategic raise of $431 million, making git the largest known funding round announced by a bitcoin mining company.
• Blockdaemon, a blockchain infrastructure platform, has closed a series B funding round of $155 million.
• BitClout’s creator has launched the “Decentralized Social” DeSo blockchain with $200 million in funding including a16z, Coinbase Ventures, Winklevoss Capital and Polychain Capital
• TrueLayer has closed a $130 million fundraise led by Tiger Global Management, giving the company an valuation of over $1 billion.
• Sorare, a soccer-focused NFT trading platform, has announced a $680 million Series B fundraise led by SoftBank.

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CrossTower's Bergen Sanderford talks latest and greatest crypto news and market trends with Research Analyst, Martin Gaspar, Head of Trading, Chad Steinglass, and Research Analyst, Katherine Webb. Tune in and learn more about:

• Alabama's security regulators has issued a show-cause order on Thursday to Celsius.
• Bloomberg reported on Friday that US officials are investigating whether Binance or its staff profited by taking advantage of their customers.
• BSC-based cross-chain compatibility platform pNetwork has been hacked, with a reported loss of roughly $12.7 million worth of Bitcoin.
• Decentralized exchange dYdX (DYDX) has surpassed UniSwap in terms of trading volume, with a reported $1.33billion traded on Sept 17th .
• The Wall Street Journal reported that the Joe Biden administration is planning an array of actions to mitigate ransomware attacks, with a focus on payments.
• Crypto lobbying group Proof of Stake Alliance (POSA) have published a report which call attention to a provision in the infrastructure bill which could impose new surveillance and reporting requirements on peer-to-peer crypto transactions.
• Bakkt Holdings and VPC Impact Acquisition Holdings have received approval from the SEC to complete their merger and push forward with plans to operate as a single publicly traded entity.
• NYDIG Bitcoin Fund LP, which made its first sale in July 2019, has raised $16.95 million from a total of 121 investors, according to a Securities and Exchange Commission filing from September 17.
• El Salvador president announced on Twitter that he has bought another 150 BTC this morning as the price of BTC dips.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Head of Trading, Chad Steinglass, and Research Analyst, Katherine Webb. Tune in and learn more about:

• Coinbase filed an application with the National Futures Association on Wednesday to register as a futures commission merchant.
• Yesterday the El Salvador bond spreads to U.S. Treasuries hit a record high. This is leading to investors fearing that El Salvador will not reach a potential $1Billion loan agreement with the IMF and would then face negative credit implications linked to its use of bitcoin.
• Head of product at NFT marketplace OpenSea Nate Chastain, has resigned following allegations of insider trading.
• Tether has released a statement saying that it doesn’t hold any commercial paper issued by the Chinese real estate giant Evergrande.
• Binance CEO has acknowledged in a TV interview that Binance's global, decentralized operation with no headquarters does not go down well with regulators.
• A NFT auction on the MISO token launchpad built on SushiSwap has been exploited, with the attacker making off with roughly $3 million in ether, SushiSwap CTO tweeted on Thursday “an anonymous contractor injected malicious code into Miso’s front-end in a supply chain attack."
• Skybridge is planning to launch a new ETF according to the filing before the SEC. The new fund is called the ‘First Trust SkyBridge Crypto Industry and Digital Economy ETF’.
• Avalanche has raised $230 million in a token sale to institutional investors, led by Polychain and Three Arrows Capital.
• SkyBridge announced at the SALT conference that they have raised more than $100 million toward the newly announced Algorand fund.
• Abra has raised $55 million in Series C funding to develop new offerings geared toward high-net-worth and institutional clients.
• Franklin Templeton, who currently has $1.5 trillion in assets under management, is seeking to raise $20 million for what appears to be the investment firm’s first blockchain venture capital fund.
• Greenidge Generation Holdings said it will buy 10,000 crypto mining machines for its planned new facility in South Carolina.
• The Southeast Asian nation of Laos changed its official policy authorizing six companies to trade and mine Bitcoin in a trial run while the government begins to draft regulations about its use.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Head of Trading, Chad Steinglass, and Research Analyst, Katherine Webb. Tune in and learn more about:

• A fake press release sent out by GlobeNewswire that referenced a partnership between Litecoin and Walmart.
• The Solana blockchain has been experiencing problems as a network outage which has been ongoing for over 16 hours has forced the network to go offline.
• Coinbase Global announced it has increased the size of its debt offering to around $2 billion from previously announced $1.5 billion.
• Gensler testified before the Senate Banking Committee on Tuesday he stated that the SEC, like other federal regulatory agencies, does not have direct oversight over crypto exchanges.
• The cyberspace commission in China’s northern Hebei province said it will cooperate with other government departments to crack down on virtual currency mining and trading.
• FTX new BTC withdrawal procedure? “Bitcoin withdrawal processing involves combining together UTXOs from deposit addresses etc; a few days ago, we consolidated some UTXOs into an address to make processing quicker.”
• EFT Series Solutions has filed for a bitcoin future exchange-traded fund with Bitwise Index Servies, called the Bitwise Bitcoin Strategy ETF.
• Jump Capital has raised $350 million for its seventh fund, JCDP - 7, marking a nearly 50% increase from the $200 million it raised for its last vehicle in 2019, The fund attracted 167 investors.
• Crypto exchange Gate.io has launched a $100 million fund designed to support projects in the industry.
• Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from including Alameda Research and the VaynerFund.
• Argo Blockchain, has launched an Initial Public Offering in the United States.
• Greenidge Generation Holdings, has revealed that Greenidge Class A common stock with the ticker symbol “GREE” will go live on NASDAQ on September 15.
• Interactive Brokers (IBKR), an online trading brokerage with more than $360B in assets under custody is launching crypto access for their US customers in partnership with Paxos.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Head of Trading, Chad Steinglass, and Research Analyst, Katherine Webb. Tune in and learn more about:

• Both the U.S. Treasury Department and Internal Revenue Service plan to formulate guidelines detailing the reporting requirements of cryptocurrency brokers.
• U.S. officials are discussing launching a formal review into whether Tether and other stablecoins threaten financial stability.
• Smart contract went live yesterday on Cardano block chain after the successful implementation of the Alonzo fork.
• Algorand has created a $330 million DeFi fund, to encourage growth of DeFi on Algorand.
• The European Securities and Markets Authority published a 110-page report titled “Trends, Risks and Vulnerabilities,” on financial trends and risks last week.
• Ark Investment Management revised the prospectus for its ARK Next Generation Internet ETF (ARKW) to open the possibility of investing in crypto exchange-traded funds (ETFs) in Canada, according to a filing with the U.S. Securities and Exchange Commission (SEC) Friday.
• Pantera has raised $369 million for its new blockchain fund, which was disclosed regulatory filings, this was raised from 107 investors, but Pantera is short of a $600 million target projected in early May.
• Three more of Grayscale Investments’ trusts have become SEC reporting companies.
• Argo Blockchain has secured a new £18 million (US$25 million) loan from Galaxy Digital using part of its bitcoin holdings as collateral.
• Brevan Howard, a United Kingdom-based hedge fund, plans to "significantly expand" its cryptocurrency and digital assets, according to a report from Reuters.
• Clients of El Salvador’s largest bank, Bancoagrícola, will now be able to pay down their loans and credit card bills in bitcoin.
• The government of El Salvador will reportedly exempt investors from paying a capital gains tax and an income tax on Bitcoin (BTC), according to a presidential legal counsel.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with Research Intern, Katherine Webb. Tune in and learn more about:

• S.E.C Commission Chair Gary Gensler believes that the crypto market may struggle to survive in the U.S. outside the country’s regulatory framework according to an interview with the Financial Times.
• Binance.US, is targeting an initial public offering in 2024, according to interview with Binance's CEO.
• Code in Twitter’s latest beta update suggests that support for bitcoin will be rolled out to the platform’s tipping service that was launched in May this year.
• Price feeds from Chainlink are now available on layer 2 scaling solution Optimistic Ethereum.
• Moonbeam, an Ethereum-compatible smart contract parachain on Polkadot, has announced that Cream Finance would be integrating with its ecosystem.
• Two Texas House Bills (4474 and 1576) officially took effect on Sept. 1.
• Former chief U.S. commodities regulator Christopher Giancarlo has resigned from BlockFi’s board of directors after only four months.
• BridgeTower Capital, (private-equity firm that invests in blockchain infrastructure projects), is forming a $20 million fund with the Solana Foundation, with the aim of developing the blockchain network in the European Union, U.K. and Switzerland.
• Blockchain.com has announced that it is invested in the Terra Ecosystem, the company is invested in the ecosystem's digital asset $LUNA and will be running a new validator node for the Terra network.
• U.S. Magistrate has ordered Ripple to produce one million missing Slack messages between employees which the SEC has sought to access.
• Simba Chain offers a cloud-based smart contract platform with enterprise-level security for organizations that want to deploy blockchain technology.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with Research Intern, Katherine Webb. Tune in and learn more about:

• FTX.US, the U.S. affiliate of crypto exchange FTX, has bought out crypto derivatives exchange LedgerX for an undisclosed sum, with the deal expecting to close sometime in October.
• U.S. Department of the Treasury will reportedly push to extend the reach of new rules designed to govern the cryptocurrency space.
• Fantom, revealed in a blog post on Monday a fund of 370 million FTM, for attracting decentralized finance (DeFi) platforms.
• Polkadot-based DeFi protocol Parallel Finance, has raised $22 million in a Series A funding round.
• Arbitrum has launched its mainnet called Arbitrum One and raised $120 million in new series B funding round lead by Lightspeed Venture Partners, and included Polychain capital, Redpoint Ventures, Pantera Capital, Amanda Research and Mark Cuban.
• Syndicate, a DeFi organization focused on investing, has announced a $20 million Series A fundraise, the round was led by a16z, but also included Coinbase Ventures and Table Management and celebrities such as Ashton Kutcher and Snoop Dogg.
• 1inch Network, DEX aggregator and automated market maker, is partnering with veteran crypto wallet provider BitPay.
• US mining company Genesis Digital Assets has secured a purchase order for 20,000 Bitcoin miners from Canaan.
• Coinbase, has acknowledged that it mistakenly emailed about 125,000 customers that their security settings had changed.
• Blockchain.com, which is a crypto wallet provider and exchange, has had their CFO stating that an initial public offering for the platform could happen as early as 2023.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends. Tune in and learn more about:

• Cream Finance, a major decentralized finance (DeFi) protocol focused on lending, has suffered a severe exploit, with a hacker stealing nearly $19 million from its platform, according to CoinTelegraph.
• An unknown hacker has managed to gain $18.8 million in the latest flash loan exploit of the Cream Finance protocol through a reentrancy bug introduced by the Amp token, according to an investigation by blockchain security firm PeckShield.
• Announcing the news Monday, Cream Finance said that the protocol has stopped the exploit by pausing supply and borrow contracts on the Amp token. “No other markets were affected,” Cream Finance stated.
• PeckShield specified that the hacker exploited the Amp token by re-borrowing assets during its transfer before updating the first to borrow in 17 separate transactions.
• Square and Twitter CEO Jack Dorsey, tweeted on Friday that TBD, payment giant Square’s new division focused on creating an open developer platform, is planning to build a decentralized bitcoin exchange
• SEC filings revealed Billionaire fund manager Bill Miller has taken a significant position in Grayscale's Bitcoin Trust.
• Twitter discussions just centered on NFTs...on Saturday it was revealed NBA star Stephen Curry picked up a Bored Ape NFT for approximately $180,000.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Head of Trading, Chad Steinglass, and Research Intern, Katherine Webb. Tune in and learn more about:

• Senator Pat Toomey is looking for feedback on how better to legislate for crypto and blockchain, stating he is "soliciting ideas and legislative proposals to ensure federal law supports the development of emerging cryptocurrency and open blockchain network technologies while continuing to protect crypto investors."
• According to yesterday's SEC filings from Morgan Stanley, the company bought upwards of 6.5 million shares of Grayscale Bitcoin Trust across more than a dozen mutual funds.
• Pyth Networka decentralized, cross-chain data oracle built on the Solana blockchain, went live on Thursday.
• Euler, a DeFi lending protocol has raised $8 million in a Series A round led by crypto venture fund Paradigm.
• eToro quarterly results for Q2 2021, announced on August 25, show that their Q2 commissions income has increased by 23 time compared to last year.
• Powerbridge Technologies, who are based in China has entered a purchase agreement with Cryptodigital Holdings for the acquisition of 5,600 bitcoin and ethereum mining machines for an undisclosed amount.
• The Cardano Foundation, which is the non-profit organization behind Cardano stated it would be using Coinfirm’s services to provide Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) analytics for Cardano’s native cryptocurrency, ADA.
• FTX, will lend $120 million to Liquid Global, the Japanese crypto exchange that was hacked last week, which saw more than $90 million stolen.
• Entertainment company Fox has made a strategic investment in Eluvio to “accelerate the adoption of their blockchain/NFT platform” across both the media and entertainment industry.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Head of Trading, Chad Steinglass, and Research Intern, Katherine Webb. Tune in and learn more about:

• Ethereum’s most popular software client, Geth, has issued a hotfix to a high-severity security issue in its code.
• Digital asset-backed securities provider ETC Group said that its Bitcoin ETN Futures product will commence trading on Sept. 13 on the Eurex, this will be Europes first-ever Bitcoin Future on a crypto ETP.
• Citigroup is awaiting regulatory approval to begin trading BTC futures contracts on the CME, according to a source within the bank.
• Crypto lending platform Celsius Network has reported it holds more than $20 billion in digital assets, making Celsius one of the largest in decentralized finance.
• Popular decentralized exchange (DEX) SushiSwap is the latest decentralized finance (DeFi) project to join Avalanche’s $180 million incentive program.
• DeFi Technologies Inc. announced it has joined the DeFi Alliance.
• Visa has purchased a CryptoPunk 7610 NFT for $150,000. After this news broke, another 90 CryptoPunks were sold in a single hour, with the total amount of those sales being $20 million.
• MicroStrategy has added another 3,907 bitcoins to their balance sheets, which their SEC filing showing the company spent $177Million on the latest purchase ($45,294 per coin).
• Osprey Funds has readied a private SOL fund for wealthy investors, signaling growing institutional interest in the Solana networks and its native token.
• Centre, who are the organization that issues the USDC stable coin has realised a statement saying they would "hold the USDC reserve entirely in cash and short-duration U.S. Treasuries."
• Blockchain infrastructure company Paxos is renaming its Paxos standard stablecoin as Pax dollar with the ticker USDP.
• Galaxy Digital is to expand its crypto data footprint with a suite of products from index provider Alerian and S-Network Global Indexes.
• Customers Bank, which is based in Pennsylvania, has joined the small list of FDIC-insured institutions in the U.S. that are willing to work with cryptocurrency businesses.
• The Poly Network hacker who stole more than $600 million has released the private keys for the remaining $141 million.
• A CNBC interviewed Coinbase users across the US and found thousands of customer complaints against the company.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Head of Trading, Chad Steinglass, and Research Intern, Katherine Webb. Tune in and learn more about:

• CrossTower live on CryptoCompare: CrossTower has an AA Grade as an exchange platform by CryptoCompare’s August Benchmark.
• Both VanEck and ProShares have both withdrawn their applications with the SEC for Ether futures ETFs, just two days after filing them.
• Neuberger Berman’s $164 million commodities fund can invest up to 5% of its assets in Bitcoin futures and Canada's bitcoin exchange traded funds, according to the regulatory filing.
• Luna Yield, a Solana-based DeFi yield aggregator, launched through SolPAD (Solana-powered fundraising platform) has gone dark, taking with it $6.4 million of investor funds after only 2 days of being live.
• Sentinel Network said in a tweet Friday that 40 million of its DVPN coins were stolen from users through a vulnerability on the HitBTC exchange.
• 10T Holdings and Akuna Capital have invested $100 million in bitcoin futures exchange Deribit, according to a source.
• AdvisorShares, an investment management firm, has submitted an application to the SEC for a bitcoin futures exchange traded fund (ETF), called The AdvisorShares Managed Bitcoin ETF.
• Bitmain, crypto mining hardware producer is hosting the first Digital Mining Energy Conference taking place on 9th September 2021 in Miami, Florida.
• Beginning this week, United Kingdom residents will be able to buy, hold and sell Bitcoins Ethereum, Bitcoin and Bitcoin Cash through PayPal website and mobile app.
• Argo Blockchain, currently the only crypto miner listed on the London Stock Exchange, has filed with the U.S. SEC to sell American Depositary Shares (ADS).

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Head of Trading, Chad Steinglass, and Research Intern, Katherine Webb. Tune in and learn more about:

• Bloomberg and Galaxy Digital yesterday announced the launch of the Bloomberg Galaxy DeFi Index (ticker: DEFI).
• Liquid, a regulated crypto exchange in Japan, has suspended asset deposits and withdrawals as its hot wallets have been hacked in a security breach.
• Ethereum scaling solution Polygon said it will build a decentralized autonomous organization (DAO) for the decentralized finance (DeFi) sector.
• Gensler said in an interview with the Wall Street Journal on Wednesday, that the SEC could regulate DeFi projects, specifically those DeFi projects that reward participants with tokens or similar incentives.
• VanEck has filed for an Ethereum-based exchange-traded fund (ETF) on Wednesday.
• This Thursday Wells Fargo registered a private bitcoin fund, called FS NYDIG Bitcoin Fund I, LP, with U.S regulators, becoming the latest bank with an indirect crypto investment vehicle for its wealthiest clients.
• Blackrock, the world’s largest asset manager with $9 trillion in assets, has significant stakes in two bitcoin miners, 6.71% in Marathon Digital Holdings and 6.61% in Riot Blockchain, according to a mandatory SEC filing dated June 30th.
• Coinbase is formed a partnership with one of Japan’s largest banks, Mitsubishi UFJ Financial Group (MUFG) for the launch of Coinbase Japan as part of a larger effort to expand worldwide.
• Coinbase Global Inc. has built a $4 billion cash stockpile and prepares for closer regulatory scrutiny.
• Brian Amstrong, Coinbase CEO says the board of directors has authorized the acquisition of $500 million in cryptocurrency to add to their balance sheet.
• Polkadot “canary network”, Kusama is set to launch is next 5 parachain auctions which are scheduled for 12pm GMT on Sept 1st, 8th, 15th, 22nd and 29th.
• Binance introduces mandatory KYC for all services, this is effective immediately for all news users and for existing users will have their account permission changes to withdraw only until the users KYC has been verified.

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Our CrossTower Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Head of Trading, Chad Steinglass, and Research Intern, Katherine Webb. Tune in and learn more about:

• Bitpanda an Austrian crypto currency exchange which has an Europe-focused strategy has announced it raised $263M in its series C fundraiser, with the start-up valued at $1.2billion.
• A white hacker has assisted SushiSwap and its MISO platform preventing them from being hacked, which could have resulted in a loss of $350 million.
• Decentralized exchange aggregator 1inch has announced its deployment on the Optimistic Ethereum.
• Crypto developer Jay Graber will lead Twitter’s efforts to create a decentralized social media protocol named Bluesky.
• Cryptocurrency compliance platform Shyft has onboarded two more major exchanges in BitMEX and Deribit, as it begins a phased deployment of it decentralized approach to anti-money laundering rules from the Financial Action Task Force (FATF).
• Cryptocurrency compliance platform Shyft has onboarded two more major exchanges in BitMEX and Deribit, as it begins a phased deployment of it decentralized approach to anti-money laundering rules from the Financial Action Task Force (FATF).
• Galaxy Digital CEO Mike Novogratz announced this week that Galaxy Digital lost $175.8 million last quarter.
• Bitfarms a mining company has seen its sales grow by nearly 400% year on year to $36.7million in Q2. The company recorded an operating loss of $2.1million with a net loss of $3.7 million for the quarter.
• The Poly Network hacker who returned roughly $600 million that was stolen, except for the $33 million worth of USDT that was frozen by Tether but hasn’t yet provided the protocol with the final keys to the wallet.
• Audius, a music streaming platform based on the Ethereum and Solana blockchains, is partnering with TikTok as part of their video-sharing app’s new “TikTok Sounds” library.
• Joshua Sroge who joined Binance.US in January 2020 as its CFO has been picked by the exchange’s board to take over as CEO on an interim basis.

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Our CrossTower Research Analyst, Martin Gaspar, talks with our Research Intern, Katherine Webb, about the current crypto news and market trends. Here are the highlights:

• Polygon, the Ethereum layer 2 scaling solution is merging with rollup platform Hermez Network in a 250 million MATIC deal (~$250 million).
• U.S. President Joe Biden’s administration plans to nominate Rostin Behnam as chairman of the Commodity and Futures Trading Commission (CFTC), according to a Bloomberg report. Behnam has been acting chairman since the begin of January and has been a commissioner since September 2017.
• Cardano has announced a September 12th release date for the "Alonzo" upgrade, which will result in smart contract functionality in the Cardano blockchain.
• Marathon Digital has reported it Q2 adjusted earnings, its shares are up by 44% and have more than tripled this year.
• Binance has been ordered by the London High Court to trace the perpetrators of a $2.6 million hack on Fetch.ai, an artificial intelligence company, who Binance account was hacked in June.
• DCMC announced the launch of its crypto wallet with both inheritance and insurance.
• New filings with the United States SEC have revealed that four wealth management companies have gained exposure to Bitcoin via acquired shares of Grayscale’s Bitcoin Investment Trust.
• NFT project CyberKongz VX has become the top burner of Ethereum transaction fees over the last 24 hours.

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Our CrossTower Research Analyst, Martin Gaspar, walks us through the top news highlights to go into the weekend.

Here are the headliners:

• U.S. Rep. Anna Eshoo has asked House Speaker to amend the crypto tax provision in the Senate’s infrastructure bill in an open letter on Thursday.
• The Poly Network hacker has now returned $258 million to the cross-chain decentralized finance (DeFi) protocol and conducted a question-and-answer session detailing how the initial hack went down.
• Asset management firm Neuberger Berman has given its $164 million commodities-focused mutual fund the go-ahead to invest indirectly in both Bitcoin and Ethereum for the first time Valkyrie has submitted a draft prospectus for a bitcoin EFT to the SEC.
• Powerbridge Technologies, which is a China-based technology firm, plans to expand into Bitcoin and Ether mining, with plans to build a clean energy-based network.
• Canadian crypto-mining company Hut 8 Mining said second-quarter revenue almost quadrupled to $27 million from the year before.
• Mobile investment platform Titan is launching a new product call Titan crypto, which will be Titan’s actively managed crypto offering will feature a collection of five to 10 cryptocurrencies
• Cryptocurrency derivatives platform Delta Exchange has introduced a feature it says will make option trading simi and will help generate passive income for its users through the use of automated call options.
• Public records show that U.S. Immigration and Customs Enforcement, wants to utilize "computer forensics software" developed by Coinbase.

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• Reports that Amazon is lining up Bitcoin payments. The British business newspaper City AM reported that Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, citing an insider.
• Early Chinese Bitcoiner Bobby Lee, who is known for founding and selling BTC China, the nation’s first Bitcoin exchange and at one point the second biggest worldwide, says China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the tokens.
• More developments with the BlockFi situation, with Vermont now the Fourth State to Target BlockFi's Bitcoin Savings Accounts.
• On-chain analysts are pointing out that the BTC futures perpetual funding rate has been consistently negative the past few days, despite the price rise, indicating traders were still positioned bearish.

• Binance and FTX are both limiting leverage to just now 20x, according to posts from each firm’s CEO on Twitter.

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Today's episode:

• BankProv Launches Payments Network for Crypto Customers.
• Core Scientific, a major U.S. bitcoin mining company, is going public via SPAC.
• In a keynote address before the American Bar Association on July 21, Chairman Gary Gensler of the SEC reminded the audience that a number of creative token-based securities still need to report to the commission.
• Crypto Venture Studio Thesis Raises $21M to Keep Building.
• According to a Goldman Sachs survey, nearly half the family offices it does business with want to add digital currencies to their stable of investments.
• More states coming out against BlockFi’s interest account, with Texas filing a cease and desist and Alabama issuing a show case order following
• New Jersey in alleging the accounts are in fact securities.

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