BTC is currently trading around $103,200 and ETH around $3,200. Notable gainers in the last 24 hours are XDC, MOVE, and JUP. The global crypto market cap is $3.65T, up 1.8% over the last day. DeFi Total Value Locked is ~$120b and BTC dominance is around 59%.
Equity and crypto markets are slightly higher after yesterday’s route and ahead of tomorrow’s Fed meeting.
Notable news includes: the US Senate confirmed Scott Bessent as Treasury Secretary; a bill to establish a strategic Bitcoin reserve for the US state of Arizona moved forward to a subsequent stage; crypto exchange KuCoin pled guilty to operating an unlicensed money transmission business in a settlement with the US DOJ; European Parliament member Aust advocated for the adoption of Bitcoin to guard against government malfeasance; French authorities opened an investigation into Binance around potential money laundering; Switzerland-based online trading company Swissquote added seven memecoins to its SQX Exchange; London Stock Exchange subsidiary FTSE Russell revealed plans to launch crypto indexes; financial services company SoFi detailed “aggressive” crypto plans once the US achieves regulatory clarity; MetaPlanet announced the largest capital raise in Asian equity market history for $745m to buy Bitcoin; Hive Digital agreed to acquire a mining site in Paraguay from Bitfarms; ETF issuer Tuttle Capital filed for ten 2x levered digital asset ETFs; Ethereum gaming L2 Ronin announced plans to introduce an AI agent SDK; OpenSea launched its new OS2 platform with a redesigned user interface and a new experience points system; the TON blockchain unveiled its 1H25 roadmap; and, Solana DEX aggregator Jupiter announced plans to build its own multi-blockchain network.
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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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