BTC is currently trading around $28,200 and ETH around $1,900. Notable gainers in the last 24 hours are ZIL, BSV, and LEO. The global crypto market cap is ~$1.24T, down ~1.8% over the last day. DeFi Total Value Locked is ~$50b and BTC dominance is around 47%.
Notable news includes: the $190b Ontario pension fund will reportedly stop investing in crypto after writing off its $95m investment in FTX; MakerDAO approved transferring up to $500m in USDC to Coinbase Custody for a 2.6% yield; Ethereum Name Service added fiat payment solutions for ENS domain registrations; Flashbots introduced the beta version of its MEV-Share protocol that aims to distribute a portion of MEV to Ethereum users; the highly anticipated Madlads NFT mint was delayed after intense demand effectively DDoS’d the supporting wallet provider; the Solana Monkey Business IP was officially acquired by a DAO of the NFT holders; P2P.org raised $23m to drive its institutional staking offering; and, Do Kwon was charged with forgery by Montenegro prosecutors.
Sign up to conveniently receive GSR crypto content in your inbox each morning.
Authors:
Matt Kunke, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
This material is provided by GSR (the “Firm”) solely for informational purposes, is intended only for sophisticated, institutional investors and does not constitute an offer or commitment, a solicitation of an offer or commitment, or any advice or recommendation, to enter into or conclude any transaction (whether on the terms shown or otherwise), or to provide investment services in any state or country where such an offer or solicitation or provision would be illegal. The Firm is not and does not act as an advisor or fiduciary in providing this material.
This material is not a research report, and not subject to any of the independence and disclosure standards applicable to research reports prepared pursuant to FINRA or CFTC research rules. This material is not independent of the Firm’s proprietary interests, which may conflict with the interests of any counterparty of the Firm. The Firm trades instruments discussed in this material for its own account, may trade contrary to the views expressed in this material, and may have positions in other related instruments.
Information contained herein is based on sources considered to be reliable, but is not guaranteed to be accurate or complete. Any opinions or estimates expressed herein reflect a judgment made by the author(s) as of the date of publication, and are subject to change without notice. Trading and investing in digital assets involves significant risks including price volatility and illiquidity and may not be suitable for all investors. The Firm is not liable whatsoever for any direct or consequential loss arising from the use of this material. Copyright of this material belongs to GSR. Neither this material nor any copy thereof may be taken, reproduced or redistributed, directly or indirectly, without prior written permission of GSR.
