In brief
FTX
Crypto.com
Bitbuy
eToro
From Sunday, investing will never be the same. Come #FlyWithUs. pic.twitter.com/7sRQt6L2kE
— eToro US (@eToroUS) February 6, 2022
Coinbase
Nouns DAO and Bud Light
$105,874.00
0.18%$2,609.75
2.81%$2.20
0.92%$666.28
0.78%$156.83
-0.49%$0.999798
0.00%$0.195529
0.89%$0.26882
-0.79%$0.690047
0.74%$2,603.92
2.68%$105,844.00
0.35%$36.48
6.76%$3.34
-0.22%$3,138.68
2.69%$14.09
0.22%$21.20
1.56%$0.271745
1.65%$403.90
-0.00%$3.21
0.52%$8.50
-1.55%$0.00001321
2.00%$0.171592
1.71%$0.999843
0.00%$2,613.81
3.01%$89.64
1.31%$2,783.05
2.57%$357.72
2.79%$4.15
2.02%$1.001
0.04%$1.001
-0.02%$4.76
-0.64%$0.00001236
4.72%$0.649331
0.34%$105,938.00
0.28%$31.43
0.49%$257.62
4.48%$6.46
2.35%$403.59
-2.58%$1.18
-0.03%$0.103397
-2.38%$4.89
1.74%$2.51
1.82%$50.25
0.27%$189.34
-0.35%$1.00
0.00%$5.13
3.92%$0.851183
0.79%$17.58
2.80%$1.054
0.03%$31.33
1.74%$0.089689
1.24%$19.22
-0.26%$0.684095
-0.02%$11.33
-0.45%$1.00
0.03%$0.02485359
2.18%$3.96
0.72%$0.783466
2.76%$4.47
2.28%$105,668.00
0.46%$0.218881
1.70%$4.41
-0.53%$0.324005
3.40%$1.19
1.97%$2.64
2.88%$0.358391
4.45%$0.199014
1.83%$1.00
0.17%$0.541293
1.59%$2,605.50
2.61%$107.67
1.40%$4.47
0.12%$2.26
1.51%$11.24
-0.99%$165.47
-0.23%$0.0000175
3.67%$1.003
0.30%$0.413391
3.50%$1.98
-4.07%$1.25
2.35%$2,963.41
2.73%$0.01859769
-2.28%$12.42
2.32%$2,732.76
3.10%$4.19
1.29%$0.755768
0.73%$0.67089
3.48%$1.14
-0.41%$0.199159
1.85%$1.14
11.09%$0.567527
2.40%$1.00
0.00%$0.65563
0.29%$105,790.00
0.22%$0.059446
-3.37%$2,777.57
2.54%$0.949311
8.72%$0.999533
0.01%$0.097892
1.80%$0.688773
1.21%$2,736.34
2.82%$1,741.54
8.55%$666.22
0.76%$1.00
0.00%$106,074.00
0.72%$54.07
1.88%$2,736.11
2.65%$0.00008808
2.44%$174.60
-0.32%$3,385.48
2.12%$106,592.00
1.07%$3,398.20
2.30%$0.787172
2.62%$0.875149
2.21%$2.41
1.44%$0.01728696
2.11%$0.01544348
-0.35%$203.46
-0.58%$0.188796
2.47%$21.63
2.66%$0.711253
0.72%$4.29
4.26%$2.41
-5.16%$0.120933
0.13%$0.281829
2.30%$0.01092306
0.54%$0.00000069
0.40%$34.02
1.44%$0.500196
-0.96%$0.999667
-0.03%$111.28
0.02%$0.1121
5.23%$105,669.00
0.59%$0.997639
-0.01%$2.01
0.02%$0.580442
1.63%$1.72
0.56%$3.28
-2.98%$0.376104
3.06%$2,610.39
2.86%$1.75
2.22%$1.092
0.79%$2,606.37
2.72%$0.708142
9.57%$0.563975
1.80%$9.72
-31.72%$0.209103
1.25%$1.10
0.05%$2,711.03
2.42%$0.283215
2.26%$2,778.77
2.56%$0.053192
-2.72%$0.99982
-0.01%$0.01541522
-2.03%$105,785.00
0.14%$2,613.78
3.03%$1.75
-2.42%$0.195182
0.68%$0.999123
0.07%$105,832.00
0.48%$36.49
6.88%$0.142644
3.82%$1.96
-3.03%$0.00579382
-15.46%$0.429797
4.07%$0.999799
-0.00%$0.00459193
-2.08%$0.58374
4.10%$1.50
8.78%$15.89
2.05%$0.543153
0.98%$0.379472
-2.18%$0.412923
15.78%$0.062068
-2.61%$0.00002194
1.49%$105,643.00
2.47%$6.14
2.64%$6.60
0.92%$0.00000043
0.84%$0.04654435
-2.11%$2.60
1.53%$0.00722877
-1.35%$1.088
-0.00%$0.406152
0.79%$0.998484
0.20%$1.22
4.83%$36.54
1.75%$0.078928
2.21%$36.58
7.17%$0.608776
0.90%$2,602.80
2.74%$1.00
-0.18%$2,817.04
2.69%$0.977163
1.69%$0.0402695
1.76%$2,758.64
2.90%$0.00417897
4.16%$0.151464
-1.06%$0.386498
3.07%$1.00
0.01%$0.081824
0.32%$41.39
1.56%$1.36
-0.13%$0.00000095
0.73%$0.146593
3.23%$0.01893723
-0.43%$2,874.49
2.92%$107,822.00
2.48%$1.31
1.37%$0.00418095
0.78%$131.81
0.67%$8.46
-5.27%$0.00660476
0.93%$2,849.42
2.91%$105,875.00
0.23%$0.800789
0.17%$0.218823
1.72%$0.0333084
0.30%$0.00006038
2.90%$2,606.24
2.67%$0.132358
0.25%$21.23
1.71%$19.65
-1.01%$0.329332
2.98%$2,606.91
2.99%$0.999715
-0.02%$0.333479
2.81%$0.694751
0.51%$0.999879
-0.03%$1.00
0.01%$0.999834
0.00%$170.11
-0.55%$0.517897
-2.20%$0.00442688
0.07%$2.54
1.67%$0.218303
3.05%$0.00330937
-0.40%$0.647068
3.79%$0.00000141
-0.73%$0.999765
-0.02%$3.05
3.74%$3,387.56
2.31%$107,295.00
1.36%$16.57
2.63%$22.33
0.84%$1.68
0.25%$0.270141
1.17%$0.245569
-3.14%Reading
Just about every year, the Super Bowl brings together over 100 million viewers—most of whom don't know their Rams from their Bengals.
But they can all agree that, "Hey, that one commercial was funny" and "Honey, isn't that the guy from SNL?"
In a bid to gain a foothold in the wider American culture, a bevy of cryptocurrency companies have shelled out the reported $6.5 million to run a 30-second ad during Super Bowl LVI on February 13.
Here's a quick viewing guide:
FTX
Bahamas-based crypto spot and derivatives exchange FTX is perhaps the company most responsible for creating the crypto sports playbook. Early last year, it secured the naming rights for the Miami Heat arena, then went on a sponsorship spree. It now counts seven-time Super Bowl champion Tom Brady, future NBA hall of famer Steph Curry, and two-way MLB phenom Shohei Ohtani as "brand ambassadors."
Decrypt’s Dan Roberts, Scott Chipolina, and Kate Irwin discuss all the ways crypto has invaded the NFL, from stars like Brees and Rodgers putting their paychecks into Bitcoin to crypto ads in the Super Bowl to Tom Brady’s retirement plans.
In September 2021, FTX rolled out a commercial starring Brady and supermodel wife Giselle Bundchen. For Sunday, it's lining up something new—in conjunction with a Bitcoin giveaway to four viewers; it's giving out an amount of BTC based on when the ad airs. A 10:23 Eastern commercial would mean 10.23 BTC, for example.
The spot is scheduled for the second half.
Crypto.com
Singapore-based exchange Crypto.com has also gone after international sports fans, purchasing the naming rights to the home arena of the Los Angeles Lakers and Clippers and sponsoring Formula 1 and UFC.
It then tagged Matt Damon—star of "Good Will Hunting," "The Martian," and "South Park" parodies—to tell people "Fortune favors the brave" in a commercial that compares crypto investing to space exploration.
Maybe Ben Affleck will show.
Bitbuy
The Grey Cup, the Canadian Football League's annual championship, attracts around 4 million viewers each year. That's not bad, but more than twice as many Canucks actually watch the country's telecast of the NFL's championship.
Which is why Canadian exchange Bitbuy is releasing its own Super Bowl ad, which stars former Toronto Raptors (and current Miami Heat) star Kyle Lowry. "Kyle Lowry has missed over 6,000 shots in his career," an announcer says, before exhorting people to invest. "Don't be like Kyle and miss your opportunity."
eToro
Unlike many crypto firms, eToro has long deployed a TV advertising strategy. The crypto and stock trading platform, set to go public this year, is reportedly getting into the (Chex) mix, per trade publication AdAge. This week, it released a five-second teaser trailer with the tag, "From Sunday, investing will never be the same."
From Sunday, investing will never be the same. Come #FlyWithUs. pic.twitter.com/7sRQt6L2kE
— eToro US (@eToroUS) February 6, 2022
Coinbase
Coinbase is the latest cryptocurrency firm to get skin in the game. The U.S. based exchange will reportedly air a commercial during the big game, according to The Wall Street Journal. Though it went public last year, it has yet to introduce itself to the broader market.
It's also partnered up with Rolling Stone for the music and culture magazine's NFT drop, set to come out during the Rolling Stone Live concert in Los Angeles on Super Bowl weekend.
Nouns DAO and Bud Light
No, Anheuser Busch is not making Bud Litecoin. But its marketing game has been drifting toward Web3. Bud Light recently changed its profile pic on Twitter to an NFT after Nouns DAO gifted the beverage maker with a digital asset. And yesterday, after weeks of speculation, it released its Super Bowl ad, which features a scene in which the project's signature "Noun glasses" are placed atop a painting.
Tether CEO Paolo Ardoino said on Monday that the stablecoin firm had moved 25,812 Bitcoin to a new address as part of its dealings with Twenty One Capital, a Bitcoin treasury company involving crypto exchange Bitfinex and Wall Street giants Cantor Fitzgerald and SoftBank. Ardoino, who also serves as Bitfinex’s chief technical officer, wrote across several posts on the social media platform X that Tether was moving the asset “as part of the pre-funding of the initial convert/equity raise in Twent...
Stablecoin issuer Circle is upping the ante on its planned IPO, boosting the forecasted price and volume of shares it plans to imminently offer on Wall Street. The company now intends to sell 32 million shares of Class A common stock at between $27 and $28 a share, according to a Monday SEC filing—a bid to raise up to $896 million. That’s a sizable expansion from last week’s initial IPO plans, which would have seen Circle offer 24 million shares for between $24 and $26 a piece. The initial IPO w...
Strategy, formerly MicroStrategy, said on Monday that it had recently purchased $75 million worth of Bitcoin, according to a Securities and Exchange Commission filing. The Tysons, Virginia-based firm said that it now owns approximately 581,000 Bitcoin worth $60.4 billion based on current prices. Meanwhile, Strategy said that it sold $74 million worth of preferred stock through an at-the-money offering program. Strategy’s announcement follows a high-profile week, in which the company’s co-founder...