JPMorgan Chase
Of the products to be allowed, 4 are offered by Grayscale Investments which runs the popular Grayscale Bitcoin Trust
Here is the rest of the week in review:
BNY Mellon
OpenSea announced Tuesday it has raised $100 million in a Series B funding round that boosted its valuation to $1.5 billion. Andreessen Horowitz led the latest round, with participation from Coatue, CAA, Michael Ovitz, Kevin Hartz, Kevin Durant, and Ashton Kutcher. Non-fungible tokens (NFTs) marketplace startup OpenSea exploded in popularity in the past year amid the NFT craze, and it has enjoyed an expanding user base expanding and skyrocketing total sales volume. The firm $160 million in NFT sales in June and is on track for a record July too. The startup is transitioning to the Polygon (MATIC) scaling protocol in order to eventually reduce and eliminate Ethereum's (ETH) high gas transaction fees, and it also aims to integrate with Dapper Labs' Flow blockchain and Tezos (XTZ) in the future.
Crypto prices bounced to $1.40 trillion this week. For the majors, Ether, Bitcoin, and Polkadot (DOT) led the gains, while Binance Coin (BNB) slipped. In the top 100, the biggest losers were THORChain (RUNE), down 18%, Mdex (MDX), down 17%, and KuCoin Token (KCS), down 10%. The biggest gainers were Axie Infinity (AXS), up a whopping 132%, Telcoin (TEL), up 48%, and THETA, up 39%. Next week traders will watch if Bitcoin can edge past $35,000 again.
The author owns a small amount of BTC.
- 1. https://www.reuters.com/business/finance/jpmorgan-give-all-wealth-clients-access-crypto-funds-business-insider-2021-07-22/
- 2. https://www.coindesk.com/bny-mellon-follows-state-street-in-backing-new-crypto-trading-platform-report
- 3. https://techcrunch.com/2021/07/20/nft-market-opensea-hits-1-5-billion-valuation/