market updates

• Bitcoin dominance: 41.01% (-0.51%)
• Cryptocurrency market cap: 2.196 Trillion Dollars (-2.04%)
• BTC average transaction fee: $1.998 ( -0.15%)
• ETH average gas Price: 101.52 Gwei (+9.96%)

• On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex.

• Federally insured credit unions (FICUs) can partner with third-party digital asset service providers, the National Credit Union Administration (NCUA) announced Thursday.

• BitDAO has partnered with student groups and faculties of some of the world’s most prestigious universities to form EduDAO.

• Nexo’s customers will soon be able to borrow digital assets using Bored Apes and CryptoPunks NFTs as collateral.

• Coinbase's CEO published a blog post outlining the company's vision for the metaverse. Coinbase wants to help users manage their metaverse identity with avatars and NFTs.

• Shrina Kurani, a Democrat running in California’s 42nd Congressional District, will publish 2,022 non-fungible tokens (NFT) on the Solana blockchain today as part of her election campaign.

• The National Bank of Kazakhstan (NBK) is using R3′s Corda platform for the ongoing pilot of a central bank digital currency (CBDC), the digital tenge, the bank said in a report published Wednesday.

• Former U.S. first lady Melania Trump is releasing NFTs on Solana. A Solana Labs representative tells Decrypt that it wasn’t a “Solana-led initiative."

• Dune Analytics, the Norwegian crypto analytics startup, is raising a fresh round of financing at a strikingly high valuation of $1 billion

• A new Web3 platform from a company co-founded by Michael Jordan's son Jeffrey Jordan raised $10 million in seed funding.

• Solscan raised $4 million in a seed round led by venture firms Multicoin Capital and Electric Capital.

• Singapore-based Nansen announced it has raised a $75 million funding round that will help it expand its suite of dashboard tools that help users track activities like yield farming and NFTs on Ethereum and other blockchains.