Cryptonomics – your weekly Crypto & NFT readings 📰

24th October – 31st October 2021

Hi guys, 

This is Rizvi, entrepreneur and crypto enthusiast based in Zurich, Switzerland. Every week, I’ll share with you some of my weekly readings and thoughts around crypto and blockchain topics, from market insights to trading activities. Feedback is more than welcome!

If you like this newsletter, make sure to subscribe to my Substack Newsletter at the bottom! 

🪙 Crypto Market News

 

Apple CEO owns crypto. The CEO also confirmed that he personally owns crypto, though explicitly stated that this is not investment advice but his personal opinions in regards to his own portfolio. Furthermore, the company Apple does not have any holdings in crypto, nor does Apple have any plans to join the countless companies that have already added crypto to their portfolio. 📰 Decrypt

Metamask token speculation. One of web3’s most essential tools may be getting a token. Joseph Lubin, founder of Ethereum incubator ConsenSys, set off speculation a token for the non-custodial wallet MetaMask is imminent after tweeting, “Wen $MASK? Stay tuned.” MetaMask, which has 10M monthly active users and is developed by ConsenSys, is one of the main ways users interact with web3 and DeFi. 📰 TheDefiant

AMC weighs own cryptocurrency in nod to meme investors. AMC Entertainment Holdings Inc., the world’s largest theater chain, is exploring the creation of its own cryptocurrency in a fresh nod to the meme investors who have sent its stock soaring over 2,000% this year. The company is also talking with Hollywood studios about creating commemorative nonfungible tokens, or NFTs, related to major films. 📰 Bloomberg

Crypto market cap exceeds $3 trillion. The market capitalization of the entire cryptocurrency market crossed the $3 trillion mark on Tuesday for the first time, according to data from CoinGecko. The milestone comes as bitcoin and ether have surged to record highs. 📰 The Block Crypto

Ethereum Name Service ENS tokens soar after $500M+ airdrop. Airdrops are a token distribution method that awards a portion of circulating tokens to Ethereum addresses that fulfill certain parameters, such as having purchased an NFT. ENS NFT holders are currently eligible to claim tokens, with many users reporting allocations worth upwards of $20,000, and the project’s circulating market cap currently sits above $500 million. 📰 Coindesk

🖼️ NFT Market News

Rolling Stone enters the NFT market. Making good on an announcement last week, Rolling Stone has entered the NFT market today by auctioning two digital magazine covers created in partnership with Bored Ape Yacht Club (BAYC), the headline-grabbing, primate-themed digital art collection that has generated around $1 billion in secondary trading volume to date.  📰 Decrypt

A $29 Million Dollar Walking Astronaut. Last night, one of the most valuable living artists in art auction history, Beeple, sold ‘HUMAN ONE’ for $28,985,000 in Christie’s 21st Century Evening Sale. The sale far exceeded the $15 million expectations. The auction was a live event in New York City but had bidders represented from across the world.  📰 CryptoBriefing

Coinbase’s one-stop experience for NFTs. Coinbase is launching its NFT marketplace in the next quarter or two. Users can purchase and store their digital assets on the platform, more like the experience on Instagram than EBay Inc. On Tuesday, Brian Armstrong, CEO of Coinbase, stated that NFTs would be a huge sector for crypto in the future, probably as big or bigger.  📰 Fortune

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