Market Activity

Total Market Cap $1.70T (-1.10%)

24 Hour Volume $138.03B (+5.15%)

Notable Movers Chiliz (CHZ) (+89.55%)

Bitcoin Dominance 61.68% (+0.52%)

Bitcoin Price $56,184.02 (-0.95%)

Cointelegraph says open interest in Bitcoin futures has hit a new all-time high as traders flock to derivatives. NewsBTC adds that the world's biggest cryptocurrency could accelerate towards $60,000. Seeking Alpha reports that WisdomTree has filed with the U.S. Securities and Exchange Commission for a Bitcoin exchange-traded fund.

Your Friday News 📰

Learn all about crypto at Alexandria, your new online crypto source!

Beeple NFT Sells for $69.3M! 🤑

Mike Winkelmann, otherwise known as the crypto artist Beeple, has cemented his place in the record books. His NFT — Everydays: The First 5,000 Days — sold for a gob-smacking $69.3 million at auction. It's the most expensive NFT ever, and the third-largest sale for a creation by a living artist. 22 million tuned in for the auction's final moments. Read more here.

'No Plans' for Binance IPO ❌

Changpeng Zhao has revealed that Binance has no plans to follow Coinbase in going public. Speaking to CoinDesk TV, the CEO said his exchange isn't short on funds — and is growing "very healthily and organically." Nonetheless, CZ wished the rival platform well on its journey, adding that it's "really great for the industry." Read more here.

Terry Crews Launches Cryptocurrency 🤩

Brooklyn Nine-Nine star Terry Crews has announced he's launching his very own cryptocurrency. $POWER is designed to "return the literal power back to creators" — including artists, musicians and photographers. The project says it's designed to protect, promote and reward creative minds… with "no ulterior motives and no nonsense." Read more.

Georgia Students to Learn about Crypto 🥳

A new bill is calling on education officials in Georgia to teach financial literacy to high school students — with cryptocurrency one of the topics on the list. Other areas of focus will include balancing a checkbook, investing, and money management. The move could help raise awareness about crypto, and encourage youngsters to foster an interest in the space. Read more here.

Poll of the Day 📣

Vitalik Buterin attempted to assuage concerns over congestion on the Ethereum blockchain this week — revealing that rollups that will scale the network by a factor of 100 are imminent. So our question is this...

On a scale of 1-5 (5 being definitely,) do you believe that rollups can improve Ethereum's capacity and reduce transaction fees?

What You Said 🔊

Back on Monday, we asked you this: On a scale of 1-5 (5 being definitely,) is a bubble forming in the non-fungible token sector?

Little did we know back then how much Beeple's mega NFT would sell for. Thanks for all your responses — a staggering 48.8% of you believe the market is definitely overheated, while 10.4% think that recent market activity is little cause for concern. Here's what you had to say…

One cynic writes: "Too much crap that shouldn't be an NFT is passed off as an NFT." 💩

But some are upbeat about the long-term potential: "It will modernize music, videos and the arts." 🎵

Here's a witty contribution: "NFT should stand for 'Not Freaking Thinking,' when it comes to some of these purchases I'm seeing." 😂

We don't know whether this is good news or bad news: "Be patient and you will see." 😕

A tale of caution from this contributor: "I watched a $3,000 viking become $220 overnight."

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