Market Color YouTube

Market Color Podcast

Episode Summary

  • 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.”
  • Data from DeFi Llama, show that Elrond a layer 1 smart-contract platform that leverages the web assembly (WASM) virtual machine is now the 10th largest DeFi ecosystem with $1.9 billion in TVL.
  • 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.
  • Celsius Network has upped its $400 million Series B round from October to $750 million after the round was oversubscribed.
  • Griid Infrastructure is in talks to go public through a SPAC merger with Adit EdTech Acquisition Corp, the merger would value the combined entity at more than $3 billion.
  • A recent document from China Telecom seen by The Block, shows that the top Chinese internet service provider has come up with a detailed solution to detect domestic miner IPs that have communicated with mining pools’ URLs.
  • Kazakhstan’s Ministry of Energy has attributed the 8% increase in domestic electricity consumption throughout 2021 to Bitcoin miners.
  •  EToro is limiting the trading of cardano (ADA) and tron (TRX) for its US customers, starting in December due to “business-related considerations in the evolving regulatory environment,” according to a statement on its website.
  • BlockFi will now move to a rate-based withdrawal fee structure starting Dec 1st, citing “increasing transaction costs on the Ethereum network.”
  • European Council, adopted its position on the Markets in Crypto Assets (MiCA) framework, according to a statement on its website.
  • 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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