BTC is currently trading around $95,700 and ETH around $3,550. Notable gainers in the last 24 hours are IOTA, ONDO, and FTM. The global crypto market cap is $3.60T, down 1.7% over the last day. DeFi Total Value Locked is ~$126b and BTC dominance is around 56%.
Crypto prices are hanging in despite the US government moving ~$1.9b of seized Silk Road Bitcoin to Coinbase Prime. That said, it is unclear if the US sent the Bitcoin to Coinbase to sell or to custody, and President-elect Donald Trump has called for the US to hold on to its confiscated Bitcoin.
Notable news includes: the ECB unveiled a second report on the digital euro and announced prototype testing for 2025; Cambodia blocked access to 16 crypto exchange websites; Bitcoin crashed to $62,000 on Upbit after South Korea enacted emergency martial law; Trump reportedly may name a new SEC chair as soon as today; Nike-owned NFT wearables company RTFKT announced it will cease operations in January; Japanese investment firm Metaplanet announced a shareholder reward program that will distribute Bitcoin prizes through a lottery system; German fintech 21X received EU approval to launch a tokenization platform; Bored Ape creator Yuga Labs acquired the tech team of tokenization service Tokenproof; Coinbase integrated Apple Pay into its Onramp service; crypto custodian BitGo unveiled a dedicated retail platform; Sonic Labs announced that its Sonic layer one blockchain will publicly launch soon; privacy-focused Namada launched its mainnet; Safe launched Safenet to enable the management of assets across multiple blockchains; Portal launched a cross-chain crypto gaming hub and wallet; and researchers claimed that Virtuals-based AI agent AIXBT achieved a 55% return on its crypto investment predictions.
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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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