POKKET: Crypto Market Update (Oct 22)

24-Hour Crypto Prices:

BTC – $62,899.81 -3.1% ๐Ÿ“‰

ETH – $4,124.86 -2.0% ๐Ÿ“‰

BNB – $477.86 -4.5% ๐Ÿ“‰

LINK – $29.53 +7.4% ๐Ÿ“ˆ

As Bitcoin and Ethereum reached all-time highs this week, the crypto market cap has pushed to a new record of $2.7T.  The total crypto market cap has more than tripled since the beginning of 2021.  

Polygon has paid out a record $2 million bounty to a white hat hacker after he discovered a critical vulnerability in the protocol. Polygon dodges a potential $850M hack, according to a post mortem shared with Decrypt.

FTX has raised over $420M in a Series B-1 funding round from 69 investors – including BlackRock and Tiger Global. Investors valued FTX at $25 billion.  

Stronghold Digital Mining stock rises 52% on its first day of trading on NASDAQ. Waste coal is used to power Strongholdโ€™s bitcoin mining operations. 

Major League Baseballโ€™s official NFT partner, Candy Digital has raised $100 million at a valuation of $1.5 billion. Candy digital is founded by Fanatics co-founder CEO Michael Rubin, Galaxy Digital founder and CEO Mike Novograts and VaynerMedia CEO Gary Vaynerchuk.  

Candy Digital will launch the โ€œMLB Play of the Dayโ€ NFT collection on October 26th.

Metaverses are emerging as the next dominant innovation altering how people interact online and in person. Tech giants will likely acquire gaming companies to join and build out their metaverses.  Facebook and Microsoft have already spoken publicly about building their metaverses. 

Check out todayโ€™s interest rates on POKKET and start earning interest with your crypto.