$105,452.00
0.51%$2,517.97
1.15%$2.22
1.50%$649.86
0.22%$149.61
-1.84%$0.999798
0.00%$0.18317
-1.14%$0.285881
2.60%$0.662417
-0.84%$2,515.38
1.11%$105,484.00
0.40%$35.45
4.98%$3.22
-1.86%$3,028.36
0.91%$13.74
-1.89%$20.34
-1.86%$9.08
0.20%$0.266727
0.38%$409.48
0.58%$3.15
-1.19%$0.00001258
-1.81%$0.999642
-0.01%$0.16803
-0.51%$2,513.57
0.96%$87.38
-0.93%$2,689.44
1.00%$332.84
2.18%$4.03
0.08%$1.00
-0.04%$1.001
-0.06%$4.66
-0.03%$0.00001149
-0.24%$105,455.00
0.38%$0.628793
0.52%$31.42
-0.39%$254.77
0.48%$6.30
2.29%$1.18
0.02%$380.10
1.19%$52.23
0.53%$4.70
-1.07%$2.40
-0.78%$1.00
0.00%$0.097444
0.01%$5.30
5.38%$180.62
-1.83%$0.828471
-0.08%$16.97
-1.30%$1.054
0.03%$30.57
-0.29%$0.085559
-2.44%$18.27
-1.20%$0.647901
-0.27%$1.00
-0.02%$10.31
-0.58%$0.02383767
-2.35%$3.83
-1.69%$0.752952
-1.64%$0.318328
2.72%$4.26
-0.97%$4.40
-0.30%$0.209697
-3.65%$105,394.00
0.49%$1.10
-2.38%$2.50
-0.13%$0.342598
-0.47%$114.26
-1.12%$0.188552
-1.95%$0.073216
4.33%$0.997192
-0.08%$2,516.82
1.10%$4.40
-0.52%$0.999914
-0.01%$0.999747
-0.04%$11.08
-0.05%$2.02
-0.25%$0.450147
-3.66%$158.06
-1.77%$12.93
3.53%$1.24
0.53%$0.01785276
-0.71%$0.377161
-0.09%$2,862.14
0.99%$0.00001526
-2.15%$1.78
-5.42%$2,629.35
1.01%$4.02
-1.17%$1.18
3.80%$0.617164
-1.31%$1.00
-0.03%$0.188463
-1.34%$0.999803
0.07%$0.99973
-0.01%$0.653143
0.31%$0.998392
-4.59%$105,682.00
0.90%$0.059578
0.13%$0.520209
0.20%$2,692.58
1.04%$0.582519
-2.12%$2,633.08
0.96%$649.82
0.26%$0.652047
-1.54%$0.0918
-1.22%$105,080.00
0.32%$0.856378
-4.90%$2,638.76
0.92%$3,326.12
0.13%$105,469.00
0.69%$49.80
3.12%$3,342.00
0.19%$0.00008286
-2.25%$166.48
-1.87%$0.758084
-2.47%$2.31
-1.09%$0.81538
1.71%$0.01610473
-1.54%$194.18
-1.84%$111.34
0.00%$1.10
0.03%$20.75
0.61%$0.01410629
-0.50%$0.00000069
1.08%$0.17771
-1.37%$0.275378
-1.14%$0.99986
-0.00%$0.116236
-0.93%$0.490504
-2.97%$4.06
-0.00%$32.76
-0.28%$105,687.00
1.36%$0.997584
0.01%$0.106723
-0.77%$1.84
-0.45%$2.15
-2.45%$0.00985772
-3.98%$2.01
0.19%$0.613129
0.05%$10.63
2.43%$2.09
-4.75%$0.56858
0.15%$1.48
37.66%$1.11
0.66%$0.362578
-0.60%$0.995129
-0.46%$2,517.71
1.11%$0.708691
2.06%$1.60
-1.34%$2,517.10
1.12%$2.96
-0.01%$0.206151
0.63%$0.279263
-0.12%$0.053149
6.65%$2,624.41
0.42%$35.47
5.03%$2,688.24
1.17%$105,201.00
0.26%$2,513.56
0.96%$105,368.00
0.48%$0.496349
0.86%$2,720.98
1.20%$0.998572
-0.02%$0.01448995
-1.09%$0.44499
1.27%$0.183039
-1.19%$0.063086
-2.30%$0.999713
-0.01%$0.04889412
-3.02%$0.131139
-0.92%$0.406208
-0.85%$1.001
0.00%$15.14
-2.35%$0.00428011
-2.10%$0.50955
-0.77%$0.579925
-2.35%$6.00
-1.39%$103,040.00
0.67%$0.53739
-0.34%$0.00002119
-0.33%$0.00000042
1.10%$1.36
-3.16%$0.08233
-0.78%$1.089
0.03%$6.24
0.57%$37.09
-0.94%$1.68
-0.07%$44.69
-1.99%$0.991083
-1.47%$2,515.93
1.18%$1.39
3.87%$0.00677133
0.43%$35.47
5.04%$2.41
-1.59%$0.00473408
3.68%$0.999993
0.02%$0.324968
-2.76%$0.00413011
-0.61%$1.14
-2.30%$0.37704
-0.01%$1.004
0.24%$0.0194981
1.95%$2,667.37
0.99%$0.148709
-3.50%$0.143065
0.55%$0.03778307
-1.51%$0.54181
1.01%$1.28
2.37%$2,773.78
1.17%$0.352079
-2.12%$0.03443849
2.37%$8.26
12.76%$105,164.00
0.59%$105,448.00
0.47%$0.072843
-4.06%$0.00000085
0.37%$0.801096
0.50%$2,742.99
0.94%$0.00389563
-1.30%$124.06
-1.07%$0.00005904
-1.33%$0.00615171
-2.05%$2,517.56
1.09%$19.32
0.60%$0.00031575
29.14%$0.209744
-3.69%$0.999664
0.02%$0.999934
0.15%$20.32
-2.08%$162.50
-1.89%$0.326023
3.49%$0.12527
-2.88%$2,511.28
0.96%$0.662465
1.33%$0.302609
-1.26%$0.999434
-0.06%$0.00000142
-0.98%$0.637143
-1.70%$2.38
0.91%$0.203605
0.33%$0.466282
-1.61%$105,020.00
0.17%$0.0040024
-4.55%$0.00308419
-3.25%$1.011
0.67%$1.66
0.63%$16.14
-0.43%$2,118.43
0.51%Reading
Cryptocurrency tracking and data site CoinMarketCap has listed a Tesla Model 3, the world’s best selling electric vehicle, above Bitcoin on its site today, a commemorative gesture to celebrate Tesla’s mammoth Bitcoin purchase.
As per the image below, the Model 3 “token” sells for $37,990 (the actual price of the car) with a market cap of $24 billion and a circulating supply of 902,895.
But don’t rush to buy the token just yet: It does not exist. The Model 3 listing has been put up as part of CoinMarketCap’s ‘Untracked Listing’ criteria—defined as an asset/product that may not be listed on the open market but shows crypto adoption, community engagement, innovation, among other factors to signify its importance to the broader crypto ecosystem.
So while the top-ranked cryptocurrency is not a Model 3, an electric sedan produced by Tesla, CoinMarketCap pays homage to what is one of the largest-ever purchases of Bitcoin by a prominent enterprise.
As per a recent filing to the US Securities and Exchange Commission, Tesla noted it picked up over $1.5 billion worth of the world’s biggest asset, stating that it sought new avenues for financial growth. It even said that buyers could use Bitcoin to buy Tesla products in the future—based on legal and regulatory guidelines.
Tesla has invested $1.5 billion into Bitcoin, according to an SEC filing today. "Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term," the filing said. The filing added that Tesla expects to begin accepting Bitcoin as payment for its products, including its cars, in the near future. Bitcoin's price has shot up on the news, rising from $39,000 to $43,000 at press time—breaking a new all-time high....
It joined various other businesses and individuals to invest in Bitcoin in the past year. The purchase is second only to American software maker MicroStrategy, which holds the biggest amount of Bitcoin—among all other traditional businesses—as part of its treasury. It purchased over a billion dollars in three phases last year, stating the purchase was a hedge against inflation and a superior alternative to a low-yield economic climate.
Tesla $TSLA has de-risked the acquisition of #bitcoin by public companies and accelerated the digital transformation of corporate balance sheets. Treasurers are now thinking about how to convert a non-performing asset into the best performing asset. https://t.co/7mO7z6WtQ4
— Michael Saylor (@michael_saylor) February 8, 2021
Meanwhile, CoinMarketCap previously commemorated “WallStreetBets,” a financial subreddit, last month in a similar setting. Members of the subreddit drove up the price of GameStop, an American videogame rental company by over 500% in a few weeks, likening the surge to be a move against the financial establishment—one that resonated with the ethos of Bitcoin and other cryptocurrencies.
America's biggest crypto exchange Coinbase introduced two new "wrapped" tokens this week, allowing traders to use XRP and Dogecoin on DeFi protocols. By introducing cbDOGE and cbXRP, Coinbase is hoping to address surging demand for cross-chain functionality in the complex DeFi world, the company and industry observers told Decrypt. The exchange is making the new offerings available on its own Ethereum layer-2 Base network. Coinbase holds 1:1 reserves of the underlying assets that back Coinbas...
A month after the Pectra upgrade, key indicators on Ethereum have begun to reveal the promise and pitfalls of the network's most ambitious technical overhaul since the 2022 "merge." One of the major features that the Pectra upgrade brought was expanding the Ethereum blockchain's capacity for handling "blobs," which are units of "ephemeral data storage," helping keep larger amounts of it on the consensus layer, according to a definition from the Protocol developer team. A blob is a dedicated data...
Japanese Bitcoin treasury Metaplanet has introduced a plan to add to its already significant holdings of the asset, part of a recent surge of companies that are increasing their totals. The Tokyo Stock Exchange-listed company said it was looking to raise $5.3 billion by issuing 555 million shares through stock acquisition rights. In a post on the social media platform X, the company's CEO Simon Gerovich said that the pricing of stock acquuistion rights issuance "ABOVE market"...was "a notable...
