BTC is currently trading around $70,800 and ETH around $2,550. Notable gainers in the last 24 hours are RAY, ENA, and MEW. The global crypto market cap is $2.48T, down 1.6% over the last day. DeFi Total Value Locked is ~$88b and BTC dominance is around 60%.
Equity markets are higher on solid Amazon and Intel earnings after US big tech results weighed on markets yesterday. On the economic front, US job creation slowed in October to its slowest pace since 2020, though markets are shrugging off the lower-than-expected results as they were impacted by two hurricanes and a Boeing strike.
Notable news includes: Immutable received a Wells notice from the SEC indicating that the regulator may bring action against the gaming platform; the SEC formally acknowledged the filing to convert Grayscale’s Digital Large Cap Fund into an ETF; UBS Asset Management launched its first tokenized fund on Ethereum; Mt Gox moved $25m of BTC to an unknown wallet address; stablecoin issuer Tether generated $2.5b of profit during 3Q; Tether announced plans to issue a UAE dirham-pegged stablecoin on TON; Paxos launched its USDG stablecoin with compliance to Singapore’s MAS regulatory framework; Sky founder Rune Christensen proposed new deflationary tokenomics for the protocol; TON Foundation introduced a new governance model called Society DAO; and, SingularityDAO, Cogito Finance, and SelfKey merged following community approval.
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Author:
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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