BTC is currently trading around $61,400 and ETH around $3,450. Notable gainers in the last 24 hours are MSOL, JUP, and DOT. The global crypto market cap is $2.41T, up 1.5% over the last day. DeFi Total Value Locked is ~$97b and BTC dominance is around 54%.
Crypto is catching a bid after the US spot Bitcoin ETFs saw two consecutive positive inflow days, anticipation mounts for a potential near-term launch of the spot Ethereum ETFs, and as VanEck filed for the first US Solana ETF. All eyes now turn to tonight’s US presidential debate, where many are hopeful crypto is brought up, as well as tomorrow’s influential US PCE inflation report.
In regulatory/country news: the US Supreme Court ruled that securities fraud defendants should be granted a trial by jury in a federal court rather than using the SEC’s internal judicial process in a blow to the SEC’s enforcement powers; Coinbase contracted a research firm to sue the SEC for allegedly failing to produce documents under the Freedom of Information Act; centralized crypto borrow/lend Abra settled with 25 US state regulators for operating without appropriate licenses; the US government sent $240m of seized Bitcoin to Coinbase; and, the European Banking Authority revealed plans to finalize its monitoring framework for stablecoin issuers by month end.
In mining news: Bitcoin miner CleanSpark agreed to acquire GRIID Infrastructure; Marathon Digital revealed it expanded into altcoin mining starting with Kaspa to diversify revenues; and, Hut 8 is set to join the Russell 3000 Index.
Elsewhere: web3 gaming and venture capital company Animoca Brands announced intentions to go public; blockchain tech company Unicoin announced intentions to go public; The TON Foundation introduced a new advertising platform for developers to generate revenue from mini-apps; Unstoppable Domains launched a marketplace for tokenized ‘.com’ domains; Paradigm released its Rust-developed, production-ready Ethereum execution client Reth 1.0; Tezos revealed a new roadmap calling for execution to be pushed to a canonical rollup that supports multiple programming languages; Cardano developers are set to release an upgrade following a failed DDoS attack; and, human-verificaiton project Worldcoin partnered with web3 infrastructure platform Alchemy to build the World Chain blockchain.
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Author:
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
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