PRICE CHANGE: WTD/YTD

- BTC ($59,440): -7% / +105%
- ETH ($4,356): -4% / +490%
- XRP ($1.07): -9% / +385%
- UNI ($21.77): -10% / +342%
- Crypto Market Cap ($2.7T): -5% / +247% 
- BTC Dominance: 42%
- ETH Dominance: 19%

STABLECOIN MARKET CAP CHANGE: WTD/YTD

- Tether ($73B): -1% / +249%
- USDC ($36B): +5% / +831%

NFT 3M TRADING VOLUMES

THIS WEEK IN CRYPTO

- ConstitutionDAO lost the auction to buy a rare print of the Constitution of the United States to billionaire hedge fund manager Ken Griffin. Griffin purchased the piece for $43.2 million, which was below the $49.5 million ConstitutionDAO raised, but the cost of insurance, storage, auction fees, and other overhead prevented the DAO from bidding higher. The DAO is planning to return the donations to the 17,000 contributors who donated. Link. 

- The Staples Center in Los Angeles will officially be renamed to Crypto.com Arena on December 25. Crypto.com paid $700 million for 20-year naming rights. The Staples Center is the official home of the Lakers, Clippers, Sparks and hockey's Kings. Link. 

- NFT marketplace OpenSea may be raising at over a $10 billion valuation, just months after raising at a $1.5 billion valuation. OpenSea is the largest NFT marketplace in terms of volume, and has done over $2B in sales a month since August. Link. Link.

- Texas Senator Ted Cruz wants to amend the "broker" definition in the just signed infrastructure bill to exclude many blockchain companies. The bill expanded the definition of "Broker" and could create burdensome reporting requirements for many crypto companies. Link. 

- $SAND, the cryptocurrency of metaverse platform The Sandbox, surged over 36% following the announcement of The Sandbox Alpha. Sandbox Alpha will run for three weeks and will allow players to participate in 18 games, though users will need an Alpha Pass NFT in order to access 15 of the games. Sandbox is creating 5,000 Alpha Passes to distribute to its community. Link. 

- VC firm Paradigm has raised $2.5 billion to invest in crypto companies and protocols. It is the largest crypto fund raised, followed by a16z's $2 billion crypto fund. Link. 

- Coinbase's CFO said the company plans to eventually service third-party apps including DeFi protocols on its platform. Link. 

- Square released a white paper for a decentralized bitcoin exchange, that would include fiat on-and-off ramps without the need for going through centralized exchanges. Link. White Paper (PDF).

- ConsenSys raised $200 million at a $3.2 billion valuation from investors including Third Point and ParaFi Capital. ConsenSys is the creator of the self-custodial wallet MetaMask, which currently has 21 million monthly active users (38x+ increase from 2020). Link. 

- There were 86,870 art and collectible NFTs sold in the second week of November, the lowest since January. Though volumes have fallen, the average price of an art and collectible NFT has risen significantly and is currently around $127,000. Link. 

- Snapshot, a popular voting tool used for DAOs, raised a $4 million round from 1kx, Scalar Capital, Coinbase Ventures and more. Snapshot is used by top DeFi protocols Aave, Uniswap, and Sushi. ENS recently used Snapshot during its token airdrop, requiring users to vote on articles before claiming their tokens. Link. 

- NFL and Ticketmaster are launching NFT ticket stubs that will live on Polygon. Fans attending an NFL game through year-end will receive the "virtual commemorative ticket" as an NFT in a Ticketmaster digital wallet. Link. 

- StarkWare, an Ethereum Layer 2 platform using ZK-rollups, raised $50 million at a $2 billion valuation, led by Sequoia Capital. Link. 

- Alchemy launched an NFT API that will make it much easier for developers to integrate NFTs into web 2.0 platforms as well as crypto-native platforms. Link. 

- Jimmy Fallon and Post Malone became the latest celebrities to purchase Bored Ape Yacht Club NFTs. Link. 

- Brave launched a native crypto wallet for its browser. The self-custodied wallet allows for token purchases through Wyre and stores NFTs. Brave has 42 million MAUs. Link. 

- DEX aggregator ParaSwap Foundation launched its native utility / governance token (PSP) and airdropped 20,000 early users 7.5% of PSP's total supply of 2 billion. 1.3 million addresses have interacted with ParaSwap to date, but only 20,000 were chosen based on analysis of on-chain data and their engagement with the platform. PSP believes this token drop model disincentivizes bad behavior (like users setting up multiple wallets to maximize the tokens received in the airdrop). Link. 

- Entertainment company Miramax is suing Quentin Tarantino, alleging that he does not have the publication rights to auction off Pulp Fiction NFTs, which include never-released content and excerpts from Tarantino's original handwritten script for the film. Link. 

- El Salvador, which recently made bitcoin legal tender, plans to build a "Bitcoin City". The country plans on issuing $1 billion US "bitcoin bond" via Blockstream, of which $500 million will be used to construct energy and bitcoin mining infrastructure and $500 million to buy more bitcoin (the country's treasury is just under 2,000 BTC today). Link. 

- Zcash is moving to proof-of-stake over the next three years. Link. Blog Post. 

- Crypto exchange Gemini raised $400 million at a $7.1 billion valuation, its first ever round of financing. Morgan Creek Digital led the round. Link. 

- Binance fully integrated Arbitrum One mainnet. Users can now deposit ether via Arbitrum One Layer 2. Withdrawals will be enabled at a later date. Link. 

- Live events platform Upstream is launching an all-in-one DAO offering called Upstream Collective. The platform lets anyone launch a DAO by issuing tokens, which can then be used to create proposals and vote on them. Link. 

- Crypto wallet analytics company Nansen will add coverage for Solana in Q1 2022. Link.