BTC is currently trading around $66,700 and ETH around $2,600. Notable gainers in the last 24 hours are MEW, JUP, and TIA. The global crypto market cap is $2.40T, down 0.8% over the last day. DeFi Total Value Locked is ~$89b and BTC dominance is around 59%.
Notable news includes: a BIS report warned of governance, legal, and stability concerns for traditional companies accelerating tokenization efforts; India is reportedly weighing a ban on crypto amidst its CBDC push; Norway revealed plans to unveil a CBDC proposal next year; detained Binance executive Tigran Gambaryan was released from Nigerian custody and had his money laundering charges dropped; Chainlink partnered with leading financial institutions to use AI to aggregate corporate data onto a single blockchain; MicroStrategy’s Michael Saylor was criticized after stating that people who believe the government may confiscate their Bitcoin are “paranoid crypto anarchists”; Metaplanet raised additional funds to purchase more Bitcoin; the spot Bitcoin ETFs broke their seven-day inflows streak that totaled $2.7b; Aurum Equity Partners announced the launch of a $1b tokenized fund; Bitcoin mining difficulty hit an all-time high; AI hyperscaler CoreWeave exercised its option to have mining and HPC provider Core Scientific host more of its GPU operations; Bitcoin developer Peter Todd, who was named as Satoshi in a recent HBO documentary, reportedly went into hiding after receiving threats; Ethereum blob gas fees spiked yesterday amidst airdrop claims for Ethereum L2 Scroll; NFT platform Magic Eden added support for BeraChain and ApeChain; metaverse Decentraland launched its revamped virtual world; and, a developer alleged that part of Cosmos’ liquid staking module may have been built by North Korean agents.
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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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