🗿 Bitcoin Owns 50% of Crypto

Bitcoin is dancing around its 26-month high of 52% of the total crypto market

Today’s No FOMO newsletter is brought to you by…

GM. Is crypto centralizing? Major funds are raising 9-figure sums as smaller projects struggle to close their next round. And Bitcoin’s 50% market dominance looks stable as institutions continue to diminish altcoins.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

Today’s Specials:

No FOMO 🗿 : Bitcoin Controls 50% of Market

No FOMO News 📰 : NY state tightens rules on crypto listings

AI Intel 🤖 : Microsoft Exposes 38TB of Sensitive Data

You Raised? 💰 : Blockchain Capital Raises $580M Bag

Max’s Gaming Corner 🎮 : Sony Taking Over Web3 Gaming??

Just For Fun 🤡 : Battle Bear Market w/ These Vibes 🎶

Bitcoin Has 50% of Crypto Market

Bitcoin is dancing around its 26-month high of 52% of the total crypto market – breaking 50% this week with no signs of slowing down. Could it go higher?

  • Bitcoin’s market dominance is steady at 50% of the total crypto market; normally ranging between 39% and 46% but exploding as high as 52% back in June 2022.

  • Bitcoin would likely benefit the most from the latest regulatory changes announced by the New York Department of Financial Services on Monday

More still to come:

  • The much-anticipated Blackrock spot ETF still hasn’t been fully realized; analysts believe market dominance may increase.

TLDR; With a green light from regulators and institutional adoption still in development, BTC’s long-term outlook is bright

No FOMO News 📰

  • New York state regulator proposes tougher guidelines for crypto listings (CNBC)

  • Japan Loosens Restrictions on Crypto Fundraising, Boosting Startup Ecosystem (CoinTrust)

  • PayPal Expands Cryptocurrency Services, Facilitates Web3 Payments via MetaMask in the U.S. (Forbes)

  • FTX founder’s parents sued, accused of stealing millions from crypto exchange (Cointelegraph)

  • North Korea’s Hacker Army Behind 30% of Crypto Hacks This Year: Chainalysis (Crypto Briefing)

  • Senator Warren’s Crypto Money Laundering Bill Builds Momentum as More Sign On (CoinDesk)

  • Blockchain Capital Raises $580 Million for New Cryptocurrency Investment Fund (Cryptonews)

  • Bitcoin’s Crypto Market Dominance Rises to 50% and It Could Go Higher, Say Analysts (CoinDesk)

  • Judge Denies SEC’s Request To Access Binance.US Tech Stack (CryptoBriefing)

AI Intel 🤖

  • Microsoft AI researchers accidentally exposed terabytes of internal sensitive data (TechCrunch)

  • In Spain, dozens of girls are reporting AI-generated nude photos of them being circulated at school (ElPais)

  • Chinese AI firm Fourth Paradigm leads Hong Kong IPO surge to raise $280 million (Reuters)

  • Those trying to pick AI winners should remember the dotcom days (FT)

  • Writer nets $100M for its enterprise-focused generative AI platform (TechCrunch)

You Raised?💰

Seems like smaller projects are having a hard time, but big funds are stocking up. Something is fishy. Here are some highlights:

  • Blockchain Capital raises $580M for two new funds (Blockworks)

  • Web3 Startup Bastion Emerges from Stealth with $25M Round Led by A16z Crypto (NFTGators)

  • Databricks Raises $500+ Million, Hits $43 Billion Valuation in Major AI Funding Round (Blockster)

  • Thailand’s Second-Biggest Bank Announces $100 Million AI and Web3 Fund (BeInCrypto)

  • Vertex Ventures Southeast Asia and India Raise $541M (AsiaTech)

Max’s Gaming Corner 🎮

Our web3 gaming update, brought to you by Max Kaufman and Helika

🔥 Animoca Brands' Mocaverse Raises $20M Led by CMCC Global to Grow Web3 Metaverse, NFT and Gaming Communities

🔥 Seedify Raises $10 million Led by LDA Capital to Accelerate Web3 Product Launches

🔥 GamePhilos Raises $8M Led by Xterio to Build Age of Dino with Web3 Integrations

🔥 GAMEE's ARC8 Releases Free NFT collection, Beasties, as In-App Game Companions to Help Track Player Progress

🔥 Sony Announces New Blockchain Development in Joint Venture with Startale Labs

🔥 Gaming Platform, Enjin, Launches its Blockchain

🔥 Animoca Brands' nWay Officially Launches Wreck League

🔥 Pixels Announces Move from Polygon Labs to Sky Mavis' Ronin Network

🔥 Open Games Builders' Shooting Game, Siege Builders, Commits to Building on Immutable's zkEVM

🔥 Web3 Native Esports Team BLVKHVND Placed 3rd in the Global Championship of Apex Legends

🔥 Immutable's Gods Unchained Releases a New Mode called Sealed

Just For Fun 🤡

Shameless Shill + Alpha

This is NOFOMO, the newsletter keeping you up-to-date on all things emerging tech — from AI to Blockchain to Virtual Reality.

Whether you're a seasoned investor or just getting started, our expert writing team will bring you the latest news, trends, and insights from the rapidly evolving world of robots and digital assets.

Plus, we ratioed Bloomberg once, so we think we’re pretty cool.

We’ll try to make it as fun as possible in the process.

Oh yeah, before we forget. If you don’t already join our 49K+ frens on Twitter (a top 10 account in the world according to Lunarcrush pff), you should probably do that.

Hit the inbox of 39K+ tech enthusiasts

Advertise with No FOMO to reach a unique and valuable tech community.

Our discerning readers are always looking for the latest tools and products in the industry. Connect with the right people and make a difference in tech.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.

Join the conversation

or to participate.