Crypto Daily Report – December 7
Dec 7, 2021
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightDecember 7, 2021The global crypto market has already erased nearly half of its losses incurred last weekend as the global crypto market cap is trading 8% higher at the time of writing. The majors and popular layer 1 protocols lead the way, with Bitcoin and Ethereum trading 7% and 9.5% higher, respectively. Risk-on assets across legacy and crypto markets appear to be benefitting from the apparent reduction in risk from Omicron. This morning, Polygon, an Ethereum Layer 2 solution, is among the top gainers, posting a 38% daily gain and a 35% weekly increase. Polygon's MATIC token is benefitting from an apparent rise in network adoption as the 7-day SMA of fees paid on the platform jumped 2x over the prior two weeks. Further, yesterday morning reports were released announcing that several venture capitalists are currently in talks to invest anywhere from $50-$150 million into the layer 2 solution.Leading NFT marketplace OpenSea made news yesterday afternoon after bringing in a new CFO in Brian Roberts, the former CFO of