BTC is currently trading around $96,200 and ETH around $3,400. Notable gainers in the last 24 hours are TKX, VIRTUAL, and BGB. The global crypto market cap is $3.49T, up 0.7% over the last day. DeFi Total Value Locked is ~$123b and BTC dominance is around 58%.
Notable news includes: Cambodia’s central bank enabled commercial banks to offer services involving certain crypto assets; Japan revealed plans to strengthen audit processes at financial institutions including crypto exchanges; former FTX executives Ellison and Salame received prison sentence reductions; the spot Bitcoin ETFs returned to inflows yesterday after four days of outflows; BlackRock’s Global Allocation Fund purchased more IBIT; asset manager Strive filed to launch an ETF tracking Bitcoin-linked convertible bonds; Strive and Bitwise filed for ETFs tracking firms with Bitcoin treasuries; energy management firm KULR Technologies purchased Bitcoin for its treasury; crypto exchange Bitget merged its BWB token into its BGB token and introduced a quarterly BGB token burn; a Berachain pre-deposit campaign attracted over $175m within 24 hours; and, the Moo Deng memecoin skyrocketed after Vitalik officially adopted the pygmy hippo as part of a wildlife sponsorship program.
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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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