BTC is currently trading around $67,200 and ETH around $2,650. Notable gainers in the last 24 hours are POPCAT, APT, and UNI. The global crypto market cap is $2.43T, down 0.7% over the last day. DeFi Total Value Locked is ~$89b and BTC dominance is around 58%.
Equities and crypto prices are down small as investors ponder future Fed actions amidst comments by officials calling for more measured future rate cuts.
Notable news includes: Buenos Aires incorporated zero knowledge proofs into its app for accessing city services; Coinbase filed two Freedom of Information Act requests against US regulators regarding their handling of US banks and crypto; Minneapolis Fed President Kashkari stated that very few transactions happen in crypto outside of illegal activity; political donations made by the US crypto industry surpassed $190m; a Political Action Committee launched by Bitcoin mining executives began running ads for mining-friendly candidates; Northern Data AG announced it may sell its crypto mining unit to invest further in AI; MicroStrategy founder Michael Saylor said he will leave his wealth “to the civilization”; digital asset custodian Komainu announced the acquisition of Propine Holdings to strengthen its presence in Asia; Avalanche launched a Visa card for easy crypto payments; Chainlink introduced its CCIP Private Transactions protocol to enable private transactions for financial institutions; a governance forum post by Maker founder Rune Christensen questioned whether the protocol should undo its recent rebrand to Sky; and, Matchain and French football club PSG partnered to create personalized and secure digital experiences for fans.
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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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