BTC is currently trading around $87,800 and ETH around $3,100. Notable gainers in the last 24 hours are PNUT, OM, and BRETT. The global crypto market cap is $3.03T, down 4.9% over the last day. DeFi Total Value Locked is ~$109b and BTC dominance is around 61%.
Global equities are slightly lower, while crypto prices are taking a breather following remarkable post-US election performance. US wholesale prices, both headline and core, came in slightly above expectations in October, suggesting there is still work to be done on inflation.
Notable news includes: The Republicans won the US House of Representatives to complete their sweep; Trump nominated pro-Bitcoin Matt Gaetz as US Attorney General; Polymarket’s founder was raided by the FBI; the Coinbase app broke into the top 10 in the US Apple App Store and hit #1 in the finance category; Coinbase revealed its wallet will roll out a Tap-to-Pay crypto solution in the coming months; the Phantom wallet issued an emergency update for iOS; Delhi police arrested someone in connection with the $235m WazirX exchange hack; DeFi Technologies launched MicroStrategy-inspired CoreFi; Doodles collaborated with McDonalds for coffee cups featuring its NFT artwork; web3 game Off The Grid reached an all-time high in unique active wallets; Ethereum researchers unveiled ‘smart transactions’ enabling smart contracts to respond to future events; DFINITY launched three upgrades to the Internet Computer for reduced latency, improved developer tooling, and greater onchain data storage; and, RaaS provider Caldera acquired Hook to build Ethereum L2 interoperability infrastructure.
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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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