Daily Market Wrap
Crypto market cap: 913.43 Billion, up 4.82%
BTC price stands at USD 18,743, up 4.96%
ETH price stands at USD 1,281, up 4.99%
Top gainer: Quant (QNT), up 10.09%
Top loser: XRP (XRP), down 11.59%
News of the Day
Why it matters:
Upon previously seeing success with high-ticket NFT auctions and following the successful Ethereum merge, Christie’s is teaming up with Chainalysis, Manifold and Spatial to launch an on-chain platform for NFT art
By launching Christie’s 3.0, the traditional auction house will be the first to fully carry out the auction process on the Ethereum blockchain, including pre and post sale transactions
Christie hopes to encourage more young artists to enter the NFT space and collect the best digital artworks by the high-in-demand artists
Crypto Daily Spotlight
Brief introduction: Gemini is a privately-owned crypto exchange and custody firm which supports trading and storage of over 120 cryptocurrencies. The exchange has its own stablecoin, Gemini dollar – pegged to the US dollar, and also has a credit card. At the moment, the exchange primarily services retail and individual investors but are looking to expand into the institutional market.
Why it matters:
Gemini and quantitative financial adviser Betterment has reached a partnership where Betterment would now be able to invest in crypto for the clients
Betterment is to offer crypto portfolios constructed with digital assets listed on Gemini to their 730,000 own clients starting from next month
Chief Strategy Officer Marshall Beard wrote, “We think these institutions will be critical to onboarding the next wave of people into Web3 and crypto” to Blockworks
Daily Sector Tracker
Daily News Roundup
Bitcoin Payments Company Strike Raises $80 Million $80 Million Series B Round https://bit.ly/3RibzAo
How Web3 Music Platform Audius Hit 7.5 Million Monthly Users - Decrypt https://bit.ly/3UMO5Ge
Liberty City Ventures Leads $40M Series A for MPCH Labs https://bit.ly/3UHLjSO
Crypto Exchange FTX Is Moving Its US Headquarters From Chicago to Miami https://bit.ly/3reVv7S
Landmark International CBDC Test Deemed Success, BIS Says https://bit.ly/3SFuiqE
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