BTC is currently trading around $104,800 and ETH around $3,300. Notable gainers in the last 24 hours are MNT, HYPE, and LDO. The global crypto market cap is $3.74T, down 1.8% over the last day. DeFi Total Value Locked is ~$123b and BTC dominance is around 59%.
Crypto prices are down small as Trump failed to mention crypto during his inauguration and has yet to release any crypto-related executive orders. Notably, TRUMP and MELANIA are down 21% and 48%, respectively, in response.
Notable news includes: an “Immediate Priorities Doctrine” circulated to Republican lawmakers by Trump reportedly did not include crypto; the SEC published a farewell statement to former Chair Gensler; Trump named pro-crypto SEC Commissioner Mark Uyeda Acting SEC Chair; the US Department of Government Efficiency launched its official website with a Dogecoin logo; pro-crypto Vivek Ramaswamy resigned as co-lead of DOGE; Utah proposed legislation to allow the US state to invest in digital assets; MicroStrategy purchased an additional $1.1b of Bitcoin; Italian energy giant Enel enabled fractional ownership of solar panels using tokenization; the CEO of Bitcoin miner Argo Blockchain announced he will step down; Tokenize Xchange bought blockchain intelligence firm Coinseeker; and, Linea filtered over 500,000 Sybil addresses from its upcoming airdrop.
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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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