BTC is currently trading around $30,500 and ETH around $2,050. Notable gainers in the last 24 hours are LRC, FTM, and ETC. The global crypto market cap is $1.37T, up 1.5% over the last day. DeFi Total Value Locked is ~$114b and BTC dominance is around 45%.
Notable news includes: South Korea revealed that exchanges may be held accountable for Terra’s crash; ECB President Christine Lagarde said that her humble assessment of crypto is that it’s worth nothing, but she noted that she would still back a digital euro; a report indicated that crypto VC funding in Africa grew 11x in 2022; Japanese bank Sumitomo Mitsui Trust will set up a digital asset custodian for institutional investors; BNP Paribas joined JPMorgan’s Onyx blockchain network for fixed income trading; OpenSea announced a new bartering platform that would allow users to barter a combination of fungible and non-fungible tokens as payment for NFTs listed on their platform; Wormhole announced a $10m bug bounty payment to a white hat hacker in February for disclosing a severe vulnerability in its Ethereum core bridge contract; Fantom rallied on rumors of Andre Cronje’s return to DeFi; Bit Digital reported that nearly 5k of their mining rigs went offline as a substation in Niagara Falls was damaged by an explosion; GameStop unveiled a new crypto and NFT wallet; Protego Trust Bank, a chartered crypto bank is targeting a capital raise at a $2b valuation; Manchester City revealed plans to celebrate the clubs iconic moments with NFTs; BitMEX’s Arthur Hayes avoided jail time in his sentencing; phishing scammers netted over $400k after hacking Beeple’s twitter account; and, Martin Shrekli revealed that he started using Uniswap while in prison.
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