BTC is currently trading around $57,700 and ETH around $4,200. Notable gainers in the last 24 hours are LRC, MANA, and AR. The global crypto market cap is $2.69T, down 0.8% over the last day. DeFi Total Value Locked is ~$251b and BTC dominance is around 43%.
ConstitutionDAO, the decentralized autonomous organization set up to bid on a rare first edition copy of the US Constitution, failed to win the auction. Although the community raised ~$47m, the document was sold to an unknown bidder for $41m. Supporters speculated that the DAO lost because it couldn’t produce enough additional funds to maintain the document, or that its bid could have been stronger had it used a layer two solution instead of Ethereum’s mainnet. Nevertheless, 17,437 wallets contributed to ConstitutionDAO’s auction bid, and it set a new record for the largest sum of money raised within 72 hours.
In other news, it’s been a busy week for fundraising as companies look to take advantage of the strong environment. Leading NFT marketplace OpenSea is said to be fielding fundraising offers valuing the company at $10b, crypto custodian Anchorage is reportedly raising a funding round at a $3b valuation, crypto exchange Gemini revealed it is seeking to raise $400m at a $7.1b valuation, crypto custodian Copper is reportedly in process of raising $500m at a $3b valuation, crypto mining firm Bitdeer intends to go public via a merger with a SPAC at a $4b valuation, Ethereum infrastructure company ConsenSys raised $200m at a $3.2b valuation, ZK-rollup developer StarkWare raised $50m at a $2b valuation, and blockchain gaming services company Forte raised $725m.2021.11.19
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