Crypto Market Weekly Summary: November 15 - November 19, 2021

Crypto Market Highlights

• Biden signs infrastructure bill, handing crypto broker definitions to the US Treasury

• Senators Wyden & Lummis to introduce bill limiting crypto tax rules

• Biggest-ever crypto VC Fund at $2.5B, Paradigm, launched by Coinbase co-founder

• Polygon unveils ZK-Rollup solution Miden to scale Ethereum

• KuCoin launches $100 Million Metaverse Fund

• Sandbox Metaverse Alpha to launch Nov. 29 after four years in development

• Tether launches Synonym to boost Bitcoin adoption through Lightning Network

• Iota Foundation to launch staging network and reward token

• Acala wins Polkadot’s first parachain auction with $1.3B secured

• Elrond launches $1.29B Liquidity Incentive Program as Maiar DEX goes live