BTC is currently trading around $61,400 and ETH around $2,550. Notable gainers in the last 24 hours are FLOKI, TON, and NOT. The global crypto market cap is $2.24T, down 3.9% over the last day. DeFi Total Value Locked is ~$86b and BTC dominance is around 58%.
Crypto prices are down after yesterday’s weak tech stock performance and ahead of Nvidia’s earnings release after the bell tomorrow.
Notable news includes: New Zealand announced plans to implement the OECD’s crypto tax framework in 2026; crypto lender Abra settled with the SEC for failing to register its Abra Earn crypto lending product; the Celsius administrator announced it successfully paid back over $2.5b to creditors; Bitcoin miner Rhodium filed for bankruptcy; the CME announced it will offer a smaller Bitcoin futures contract for retail investors; the TON Society issued an open letter to France urging Pavel Durov’s release; Paypal’s PYUSD stablecoin hit $1b in market cap; MakerDAO rebranded to Sky and will roll out new versions of its MKR and DAI stablecoins upgradable to SKY and USDS, respectively; Aave proposed an update to its GHO stablecoin stability module to incorporate BlackRock’s tokenized treasury shares BUIDL to help maintain the peg; tokenized US treasuries hit $2b in market cap; Vitalik Buterin provided a breakdown of the Ethereum Foundation’s spending; Coinbase’s L2 Base hit 1m+ daily active addresses; and, Trump revealed a new set of NFTs.
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Author:
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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