BTC is currently trading around $97,500 and ETH around $2,700. Notable gainers in the last 24 hours are S, BNB, and DOT. The global crypto market cap is $3.34T, up 2.3% over the last day. DeFi Total Value Locked is ~$106b and BTC dominance is around 61%.
Equity and crypto prices are mixed despite US CPI inflation coming in higher than expected on both a headline and core basis.
Notable news includes: Trump revealed plans to nominate a16z policy head Brian Quintenz to be CFTC Chair; Trump selected pro-crypto Jonathan Gould to lead the OCC; SEC Commissioner Peirce stated that the CFTC could regulate memecoins in the US; Fed Chair Powell promised that the Fed will not launch a CBDC; Russia examined making social payments using the digital ruble; the SEC opened public comment on four Solana ETFs; Franklin Templeton launched its tokenized money fund on Solana; Mercado Bitcoin partnered with Plume to tokenize real world debt; Toyota revealed plans to issue a blockchain-powered security token bond; Swiss stock exchange group SIX launched a digital collateral service; Japan’s SBC Medical announced intentions to purchase Bitcoin; crypto custodian BitGo is reportedly mulling an IPO; crypto.com expanded its services to all European Economic Area member states; Trump’s World Liberty revealed its strategic token reserve dubbed Macro Strategy to help diversify its holdings; Tether selected Ethereum L2 Arbitrum for its cross-chain USDTo initiative; gaming-focused Ethereum L2 Ronin went permissionless for developers; crypto streaming music platform Audius launched an airdrop for artists; Lido unveiled its v3 upgrade for more accessible staking for institutions; Ethereum liquid staking protocol Rocket Pool launched its Saturn devnet; Offchain Labs released Arbitrum BoLD on mainnet for permissionless validation; Liquity Protocol discovered an undisclosed issue in its Earn Stability Pool; and, LinksDAO announced plans to launch a community token on Base.
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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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