WEEK 1:🎉 Happy New Year 🎉

January 3, 2022

Bitcoin is currently trading at $46,527 and is using the $45,651 level as support. on 31st Dec 2021, it fell from $48,569 to $45,674, a fall of 6% in 1 day. but it since recovered and double-topped at $47,898. DOGE is currently trading at $0.1716 and shot up by 6% between Jan 1st and 2nd.

Top 5 cryptos of the day:

  • BTC -0.94%
  • ETH -1.01%
  • SOL -2.41%
  • XRP -1.51%
  • LUNA -3.71%

Biggest gainers:

  • BAND 13.56%
  • SNX 12.46%
  • XTZ 11.55%
  • CRV 11.11%
  • ATOM 10.74%

Biggest losers:

  • ANT -9.84%
  • KNC -5.57%
  • CVC -5.51%
  • AAVE -5.32%
  • STORJ -5.91%

LinksDAOs crypto-backed golf course is making waves

LinkDAO, the decentralized autonomous organization has recently started an initiative for a crypto-backed golf course. Memberships have already been sold out and LinksDAO has raised $11 million.

Evergrande suspends share trading in Hong Kong

The sovereignty of Hong Kong is one of the most controversial topics of this decade. Chinese market Goliath Evergrande has recently struck fear among the global economy when they suspended trading of their shares in the Hong Kong market.

Estonia doesn't plan to ban cryptocurrency

Estonian Ministry of Finance cleared claims about whether the possession and trading of cryptocurrency in Estonia would be banned. However, their new draft legislation makes it clear that customers can own or trade crypto legally.

Grayscale Investments loses $17.4 billion in crypto assets

Grayscale Investments reported $61 billion in digital assets in November but as per a tweet on 31st Dec 2021, their assets had fallen by $17.3 billion to $43.6 billion. AUM, the firm's largest holding fell from $43.5 billion to $30.4 billion, a 30% decline.

Interesting financial reads:

Double record: Indians created 33 unicorns in India, 65 in the USA

What smart investors look at while investing in fintech companies

Fintech firm Innoviti closes the first leg of the Series D round

American Public Education, Inc. Completes Acquisition of Graduate School USA


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