PRICE CHANGE: WTD/YTD

- BTC ($11,460): +1% / +59%
- ETH ($377): +1% / +188%
- XRP ($0.24): -5% / +26%
- YFI ($14,968): -9% / +1,717%*
- Crypto Market Cap ($360B): 0% / +88% 
- BTC Dominance: 59%
* YTD returns from launch date of 7/20/20

STABLECOIN MARKET CAP CHANGE: WTD/YTD

- Tether ($15.8B): +1% / +283%
- USDC ($2.7B): -4% / +421%

THIS WEEK IN CRYPTO

- Venture funds invested almost $900 million to 212 crypto and blockchain startups in Q3. Early-stage and seed deals were most common, representing half of the quarter's total. Link. 

- Square announced it had purchased $50 million of bitcoin, representing 1% of the company's total assets as of Q2 2020. Square's CFO said "We believe that bitcoin has the potential to be a more ubiquitous currency in the future." Link. 

- 60 employees (5% of employees) opted to leave Coinbase, weeks after CEO Brian Armstrong published a blog post announcing the company would focus on its business mission versus pursuing social activism. Employees who disagreed with the company's stance had the option to leave with generous severance packages. Link. 

- Crypto exchange BitMEX announced leadership changes, a week after the US government charged its four founders and executives with running an unregistered trading platform and violating AML / KYC regulations. Vivien Khoo, COO of 100x Group, has become interim CEO. The exchange has seen massive withdrawals of more than 40,000 bitcoin, currently valued at over $422 million, since the lawsuit was announced. Link. 

- Decentralized storage startup Filecoin launched its mainnet this week, three years after its $205 million ICO. Filecoin tokens (FIL) can be used to pay miners to store or distribute data.  Link. 

- Stellar will be the third blockchain to support USDC, the stablecoin co-founded by Circle and Coinbase. Circle has also developed a multichain USDC swap API, which allows for cross-chain swaps in case of liquidity issues. Link. 

- Blockchain analytics firm Chainalysis said that its recurring revenue grew over 100% year over year in Q3, due largely to government agencies. Link. 

- Mobile crypto wallet BRD has hit more than 6 million users worldwide, mostly in India and Latin America. The company expects to reach 10 million users by early 2021. Many of BRD users have turned to bitcoin and cryptocurrencies to cope with currency fluctuations in their countries. Link. 

- More than half of Ether hasn't moved in over 12 months. Around 20% of tokens have not moved since before October 2017. Link. 

- Boardroom, a company focused on DeFi governance, raised $2.2 million to build a suite of tools for DeFi power-users and protocol delegates to seamlessly participate in governance decisions across projects. Today, stakeholders are forced to navigate disparate channels to access info about governance decisions and vote. Link. 

- Coinbase said that it received almost 2,000 requests from law enforcement and government agencies, over 96% were requests related to criminal investigations. Major agencies like FBI accounted for 30% of requests, Homeland Security 16%, and DEA 9%. Link. 

- Ben Chan, former BitGo CTO, has joined Chainlink as its VP of Engineering. Chan will focus on building Chainlink's layer-2 scaling solution, called Threshold Signatures. Link. 

- Grayscale Investments, the world's largest digital currency asset manager, added over $1 billion to its AUM in Q3, the largest inflow of funds in its history. Over 80% of assets came from institutional investors. Link. 

- Spain's government is working on a bill that would require all of its crypto investors to disclose their holdings and profits, in an effort to prevent tax fraud. Link. 

- Coinbase holds over $11 billion of bitcoin in cold storage, more than any other crypto exchange. Huobi holds $3.7 billion and Binance holds $3.3 billion. Link. 

- Lending protocol Dharma proposed new governance rules for decentralized exchange Uniswap, which would give it more control over the future direction of the exchange. The proposal suggests a reduction in token governance and quorum thresholds, which could give top holders like Dharma more power over the protocol as it would only require the top two delegates to reach quorum. Link. 

- 1,000 bitcoin that were mined in 2010 were moved for the first time in a decade. The 1,000 coins were moved into a wallet and then split among 81 different wallets; the total value of the bitcoin moved is currently over $11 million. Link.