Market Analysis Report (16 Nov 2021)

Popular cryptocurrency venture capital firm, Paradigm, has announced a new $2.5 billion fund for cryptocurrency companies and protocols. The fund will work alongside its existing flagship fund.

A new decentralized autonomous organization (DAO) called ConstitutionDAO has been launched to preserve the U.S. Constitution. The organization is planning to pool capital in an Ethereum smart contract to purchase a first-edition printed copy of the document.

Institutional interest in the second-largest cryptocurrency by market capitalization, Ethereum, has been growing. Filings with the U.S. Securities and Exchange Commission show that holdings in Grayscale’s Ethereum trust, ETHE, are up 19% in the third quarter of the year.

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Top stories in the Crypto Roundup today:

• Paradigm Launches Crypto’s Largest VC Fund With $2.5 Billion
• DAO Launched to Buy Copy of U.S. Constitution
• Institutional Ethereum Holdings Rose in Q3
• The Biggest Liquidations on Aave
• Sponsored: Check Out The Newest Liquidity Mining Pool on Curve Finance

Source: https://www.cryptocompare.com/email-updates/daily/2021/nov/16/