POKKET: Crypto Market Update (Sep 22)
Another day of correction with Bitcoin -6.5% to $41k, ETH is even lower -9% to $2760. Movers are OMG -20%, AUDIO OGN MITH -16%, FTM TRB DEGO -14%, SUSHI POND SRM -13%, rest of the Pokket listed tokens are similar, with no standouts on the upside. SPX ended the day flat, right on the 100DMA.
Gary Gensler made another statement on crypto, saying it needs to be regulated in order to protect “the stability of the system,” and added “there’s going to be a problem on lending platforms or trading platforms” wrt/ potentially listing tokens disguised as securities. Coinbase is said to be working on a pitch to federal regulators on how to oversee the crypto industry.
Fantasy soccer NFT platform Sorare has announced a $680M series-B fundraise led by Softbank, valuing the company at $4.3B.
The creator of BitClout is launching a ‘decentralised social’ blockchain, and has raised $200M from a16z and others — the creator is Nader Al-Naji, who also started the stablecoin Basis back in 2018.
Snoop Dogg has revealed he has been collecting valuable NFTs under the pseudonym, Cozomo de’ Medici, and has 9 CryptoPunks and others worth a cumulative $17M (@CozomoMedici is a fun account).
AMC’s CEO says they are now considering adding Dogecoin to accepted payments, along with BTC, ETH and LTC.