PRICE CHANGE: WTD/YTD
- BTC ($19,200): +6% / +166%
- ETH ($597): +8% / +356%
- XRP ($0.61): +3% / +219%
- UNI ($3.61): +4% / +3% *
- YFI ($28,816): +21% / +3,397% **
- Crypto Market Cap ($569B): +6% / +197%
- BTC Dominance: 63%
* YTD returns from launch date of 9/17/20
** YTD returns from launch date of 7/20/20
STABLECOIN MARKET CAP CHANGE: WTD/YTD
- Tether ($19.6B): +3% / +375%
- USDC ($3.0B): +2% / +479%
THIS WEEK IN CRYPTO
- The Libra Association is changing its name to "Diem". Link.
- Coinbase outlined plans to support Ethereum 2.0 staking rewards in early 2021. Coinbase customers will be able to convert their ETH token to ETH2 and earn staking rewards. Link.
- Guggenheim Partners is seeking approval from the SEC to invest up to $500 million from its Macro Opportunities Fund (up to 10% of its net assets) in Bitcoin through Grayscale. Link.
- Visa is partnering with Circle Financial to integrate its USDC stablecoin. Initially it will integrate USDC and allow its 60 million merchants to send and receive USDC payments. In the future Visa hopes to offer a corporate card to allow users to spend USDC. Link.
- China's central bank is planning to pilot e-CNY, the digital yuan issued by the PBoC, for cross-border payments to Hong Kong. China's at the forefront of CBDC development, with its digital yuan pilots processing $300 million worth of transactions as of early November. Link.
- Yield optimization protocol Yarn Finance is integrating and collaborating with decentralized exchange SushiSwap. The collaboration is expected to sped up and improve development of both protocols. Link.
- Flow, the blockchain from Dapper Labs, launched Flow Port - a tool for tokenholders to manage, stake, and delegate their Flow tokens. The move may signal that mainnet launch is coming shortly. Link.
- S&P Dow Jones Indices will launch crypto indices in 2021. S&P clients will be able to create customized indices on cryptocurrencies. Link.
- The SEC announced that Finhub, a division founded in 2018 to focus on financial innovation including blockchain and digital assets, was becoming a standalone office. Link.
- Spotify posted a job opening for an Associate Director on the payments and innovation team. The hire would integrate crypto payments at Spotify including with the Libra stablecoin. The objective is to enable new monetization opportunities for music creators. Link.
- Coinbase is joining COPA, the Cryptocurrency Open Patent Alliance founded by Square. COPA aims to make blockchain tech free for everyone to use. Members agree to refrain from using 'their crypto patents against anyone, except for defensive purposes'. Link.
- Sberbank, Russia's largest state-owned bank, may launch its own digital currency called Sbercoin. Sberbank is collaborating with JPMorgan on the currency and may launch it as an experiment next year. JPM launched JPMCoin a few months ago. Link.
- Visa and BlockFi are partnering to offer a bitcoin rewards credit card in early 2021. Users will earn 1.5% bitcoin instead of the traditional offering of cash or airline miles. Evolve Bank will be the card's issuer. Link.
- Blockchain marketplace Climatetrade will build its new CO2 carbon offsetting platform on Algorand. Link.