BTC is currently trading around $96,200 and ETH around $2,700. Notable gainers in the last 24 hours are TRX, BGB, and ONDO. The global crypto market cap is $3.26T, down 2.0% over the last day. DeFi Total Value Locked is ~$106b and BTC dominance is around 62%.
Notable news includes: the Czech Republic eliminated taxes on long-term crypto gains; Canada’s equities regulator excluded crypto funds from reduced margin eligibility; Nigeria state-approved stablecoin cNGN launched; US banking regulator FDIC announced it will revise its guidelines for banks engaging in crypto-related activities; consumer watchdog Public Citizen filed complaints related to Trump’s memecoin; Trump Media took steps to launch ETFs, including one on Bitcoin; the CBOE BZX proposed to launch options on spot Ethereum ETFs; the SEC acknowledged BlackRock’s filing for its US spot Bitcoin ETF to allow in-kind redemptions; BlackRock will reportedly offer a Bitcoin ETP in Europe; a JPMorgan survey found that 71% of institutional traders do not plan to trade crypto this year; a law firm issued a cease and desist order to pump.fun over alleged IP violations; MicroStrategy rebranded to Strategy; Bybit registered with India’s FIU; mining pool Foundry announced it will merge mine Rootstock; Ondo announced a forthcoming hybrid blockchain for Wall Street called Ondo Chain; Sui gained access to onchain funds via a partnership with Libre; Nobel Laureate Fama stated that Bitcoin is going to zero; HNW peer advisory group Tiger21 revealed it holds $6b of cryptocurrencies; Ethereum developers set official test dates for the Pectra upgrade; Justin Drake argued for limiting ETH staking as a way to curb inflation; Arbitrum’s Offchain Labs introduced a universal intent engine to improve L2 interoperability; Telegram required all third-party crypto wallets to use TON Connect as their exclusive wallet connection protocol; L1 Berachain launched its mainnet; and, Sentient minted 650,000 NFTs for fractional ownership of its decentralized AI model Dobby.
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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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