Daily Dose of Crypto from Whaletank
• Bitcoin dominance: 40.45% (+0.15%)
• Cryptocurrency market cap: 2.193 Trillion Dollars (+0.32%)
• BTC average transaction fee: $1.924 ( +21.01%)
• ETH average gas Price: 71.51 Gwei (+15.24%)
• JPMorgan's dedicated blockchain-centric payments unit is reportedly working with Siemens, the German industrial conglomerate, on a new approach to streamlining how it handles payments internally.
• Terra’s U.S. dollar-pegged stablecoin UST has overtaken Maker’s equivalent DAI.
• The Grayscale Bitcoin Trust (GBTC) closed the previous week with a record discount of 21.36%, data from Glassnode shows.
• The market for stablecoins experienced breakneck growth in 2021, with the supply for dollar-backed cryptocurrencies surging by 388%, according to data compiled by The Block Research.
• Instagram CEO Adam Mosseri has said the social media giant is “actively exploring” the NFT industry.
• Even though the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications.
• Staking provider Figment has raised $110 million in a Series C funding round, with a $1.4 billion post-money valuation.
• Binance Labs, the crypto exchange’s venture capital and incubation arm, led a $60 million seed round in Multichain, formerly Anyswap.
• Blockchain infrastructure and software provider Figment has raised $110 million in a Series C round that pushes the Canada-based company's valuation to $1.4 billion, the firm said in a statement today.
• Gear Technologies, a smart-contract layer supporting the Polkadot blockchain framework, has raised $12 million in a funding round led by Blockchange.
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