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Good Morning,

Here's a quick preview of today’s content: Coinbase launches a new index to track the entire digital asset market, McDonald’s collabs with reputable NFT project, El Salvador’s President says “I told you so”, and of course Bitcoin cracks $90,000

Happy Wednesday, let’s dive in.

Before The Bell

Market Snapshots

• Bitcoin briefly crosses $90,000 for the first time ever but actually falls to $86,000 shortly after in a rollercoaster day

• Solana crosses $220, traders will be looking toward $260, roughly the all-time high the asset set in November 2021 (BW)

• Stablecoin supply expanded by $5B since U.S. election as the demand for Crypto liquidity soared (CD)

• Dogecoin peaks at 0.43 cents on continued election glee, marking its highest value in over three years (DC)

• PNUT has a huge day, up over 90% and seems to take the cake for the meme coins so far this week

Headline Roundup
^{_{The major headlines driving crypto markets}}

• President of El Salvador tweets out “I told you so” after country’s Bitcoin holdings rise above $500M (X)

• McDonald’s teased a collaboration with IP-driven NFT project Doodles (TD)

• Crypto exchange Coinbase introduced a new benchmark for tracking over 50 digital assets (CT)

• Bitcoin mining company MARA Holdings missed Q3 revenue expectations and increased its Bitcoin reserves to 26,747 (TB)

• BlackRock’s spot Bitcoin ETF generated $4.5B in trading volume on Monday (BKL)

• Ex NFL Carolina Panthers player Russell Okung’s 2020 Bitcoin paycheck could now be worth $21M (DC)

• Apple Studios and A24 is planning a feature film about Sam Bankman-Fried based on Michael Lewis’ book Going Infinite: The Rise and Fall of a New Tycoon (CT)

• El Salvador’s Bitcoin Stash rises above $500M, but Bhutan story might be even bigger (CD)

• ZetaChain partnered with Google Cloud to accelerate Web3 adoption and innovation of universal applications across all chains (TD)

• Bitcoin miner Hive Digital purchased 6,500 Canaan Avalon A1566 bitcoin miners and is beginning construction of facilities in Paraguay (CT)

• The German government sold 50,000 Bitcoin four months ago, missing out on up to $1.6B (TB)

• WISeKey International announced the upcoming release of SEALPhone, an advanced Web3 smartphone (MT)

• Investment firm Canary Capital filed with the US SEC to list and trade shares of its spot Hedera ETF (CT)

• Dogecoin ETFs aren’t as crazy as they sound, analysts say (DC)

• Tesla stock surges 8% post-market as Bitcoin holdings exceed $1B (DC)

• GOMBLE games wraps up 'Launchpool #2' with 2.5M monthly active users (DC)

• AI Firm Genius Group adopts Bitcoin as primary treasury asset; shares spike 50% (CD)

New Decentraland desktop client for Mac and Windows

• Enhanced avatars and social interactions

• Improved performance and upgraded environments

• New features: badges, daily quests, and mini-games

Download Decentraland, a virtual social world, to start exploring to start exploring.

Launches

• Libeara and FundBridge Capital are launching a tokenized United States Treasury bill fund on Avalanche network (CT)

• Bitwise Asset Management to launch new Aptos (APT) staking exchange-traded product (ETP) on the SIX Swiss Exchange (DH)

• Sam Altman's project World, previously known as Worldcoin, launched its human verification project in Brazil (TB)

• Yield tokenization platform Pendle is introducing a new platform, Boros, that supports leveraged yield trading (TD)

• Cryptoexchange Bitget relaunched its application in the UK after temporarily restricting access to comply with local laws (CT)

• Espresso, project for composability between blockchains, pushes main product live (CD)

• Ethereum Layer-2 project Starknet to roll out staking feature later this month (CD)

Venture Capital

• Crypto anti-money laundering specialist Notabene raises $14.5M led by DRW VC and Apollo (CD)

• Hong Kong-based digital entertainment and venture firm Animoca Brands raised $10M in funding to build out Mocaverse, the firm's consumer network (TB)

• Smart verifiable computing platform Brevis raised $7.5M in a seed round led by Polychain Capital and Binance Labs (CN)

• Web3 artificial intelligence firm Eidon AI raised $3.5M in a seed round led by Framework Ventures (TB)

• Japanese crypto exchange Bitbank created subsidiary Bitbank Ventures to invest in and support blockchain-related ventures (AI)

• Arthur Hayes says Bitcoin going to $1M triggered by multi-trillion dollar money printing spree (DH)

• Ethereum researcher Justin Drake proposed a redesign of Ethereum’s consensus layer and suggested a shift from the current Beacon Chain to a new “Beam Chain” (CT)

Regulation

• The Italian government plans to raise the country’s capital gains tax on cryptocurrencies to 28% instead of 42% (CT)

• Blockchain advocacy group The Digital Chamber called for immediate action from US lawmakers to pass a stablecoin bill  (TB)

• Fairshake notches another win with Arizona’s Ruben Gallego; 16 house seats still uncalled (CD)

Cybersecurity

• Trader who lost $26M to copy-paste error says it’s been ‘max pain’ (CT)

• A judge dismissed a motion by lawyers representing Alex Mashinsky, to drop two charges related to commodities fraud and manipulating the price of the Celsius token (CT)

• A crypto memecoin investor holding Gigachad tokens lost $6M in a phishing attack involving a fake Zoom meeting link (CT)

• Solana-based answer to Ethena wins ‘Radar’ hackathon (BW)

Extra Reads

• A full breakdown of Dogwifhat - the Solana-based memecoin presenting the image of a Shiba Inu dog wearing a pink knitted hat that has exploded onto the scene. Here’s the full breakdown.

Chart of the Day

Bitcoin clinched $90,000 for the first time ever.

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

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