BTC is currently trading around $84,000 and ETH around $2,300. Notable gainers in the last 24 hours are STX, APT, and WLD. The global crypto market cap is $2.90T, up 0.2% over the last day. DeFi Total Value Locked is ~$98b and BTC dominance is around 61%.
Equity markets are mixed, with a decline in Nvidia’s share price weighing on US markets following its earnings release. Crypto markets, meanwhile, are little changed amidst low market sentiment as the Crypto Fear & Greed Index continues to signal Extreme Fear.
Notable news includes: The US SEC agreed to drop its case against Consensys and its Metamask wallet; the SEC closed its investigation into crypto exchange Gemini; US House Democrats introduced the MEME Act that would prevent elected officials from issuing or endorsing digital assets; the US DTCC included two proposed Solana futures ETFs in its list of funds; fund manager Sixth Street invested $200m in a joint venture with blockchain-based lender Figure; Core Scientific revealed plans for a $1.2b data center expansion in partnership with CoreWeave; blockchain-based gift card provider Raise closed a $63m funding round; blockchain restaurant loyalty app Blackbird went live with its Flynet layer 3 on Base; Olas introduced a marketplace to facilitate AI agent-to-agent transactions; Sky integrated Berachain with its latest Polaris product; and, DFINITY Foundation launched a new cross-chain self-custody wallet called OISY.
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Author:
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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