BTC is currently trading around $43,100 and ETH around $2,550. Notable gainers in the last 24 hours are CHZ, KLAY, and BLUR. The global crypto market cap is $1.78T, up 1.8% over the last day. DeFi Total Value Locked is ~$56b and BTC dominance is around 51%.
Notable crypto news includes: The European Banking Authority extended its guidelines on money laundering and terrorist financing risk factors to crypto-asset service providers; a timeline was set for the upcoming trial challenging Craig Wright’s claim that he is Satoshi Nakamoto; Binance and Gulf Innova unveiled its joint venture crypto exchange Binance Thailand; Bitfinex successfully identified and prevented an attempted $15b “partial payment” exploit; Celsius transferred over $125m of ETH to crypto exchanges as part of its plan to initiate creditor repayments; Chainlink integrated its CCIP with Circle’s CCTP to enhance secure and efficient cross-chain USDC transfers; Circle’s CEO stated that there is a very good chance the US passes stablecoin laws this year; Tether issued a response to UN claims that USDT is used for criminal activity; TrueUSD (TUSD) traded to $0.984 amidst a declining supply and Binance’s focus on FDUSD; Fantom blockchain reduced its validator requirement from 500k to 50k FTM; blockchains Klaytn and Finschia proposed merging; Solana is reportedly planning a cheaper successor to the Solana Saga mobile phone; Solana DEX aggregator Jupiter confirmed its JUP token launch date of Jan 31; Ethereum L2 Metis launched its decentralized sequencer on testnet; Manta Pacific replaced Base as the fourth largest scaling solution; Mantle deployed its v2 on the Sepolia testnet; and, Taiko launched its final testnet ahead of its planned mainnet release in Q1.
Sign up to conveniently receive GSR crypto content in your inbox.
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. GSR is not authorised or regulated in the UK by the Financial Conduct Authority. The protections provided by the UK regulatory system will not be available to you. Specifically, information provided herein is intended for institutional persons only and is not suitable for retail persons in the United Kingdom, and no solicitation or recommendation is being made to you in regards to any products or services.
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.
