BTC is currently trading around $59,600 and ETH around $2,650. Notable gainers in the last 24 hours are SUI, HNT, and SEI. The global crypto market cap is $2.19T, down 0.8% over the last day. DeFi Total Value Locked is ~$85b and BTC dominance is around 57%.
Crypto prices are little changed from Friday as market participants await clues from the traditional markets, including several notable data releases set for this week. These include US CPI on Wednesday, and US retail sales, Chinese industrial production, and Chinese retail sales on Thursday.
Notable news includes: The SEC has reportedly subpoenaed at least three crypto venture capital firms; the US IRS unveiled a new streamlined crypto tax form for 2026 that eliminates the requirement to input wallet addresses; Gemini, Crypto.com, and Robinhood joined Coinbase in pushing back against a CFTC proposal that could threaten some predictions markets in the US; Celsius sued Tether for allegedly selling $2b of Bitcoin collateral too quickly and below market price; BitGo embarked on a 60-day transition period to diversify its custodial locations underlying Wrapped Bitcoin (WBTC); Bitcoin miner MARA (formerly known as Marathon Digital) announced intentions to raise $250m to buy Bitcoin; the spot Ethereum ETFs recorded their first week of positive flows; Ripple began beta testing its Ripple USD stablecoin on the XRP Ledger and Ethereum; Doodles partnered with Adidas to sell co-branded NFTs with links to real world apparel; Binance announced it will convert Monero to USDC as part of Monero’s delisting; Ethereum’s median gas price hit a five-year low; Atari launched its classic game Breakout on Ethereum L2 Base; layer 1 blockchain Canto went down due to a consensus issue; and, NEAR launched chain signatures to enable users to sign transactions on different blockchains directly from a NEAR account.
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Author:
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
Thomas Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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