BTC is currently trading around $45,700 and ETH around $3,800. Notable gainers in the last 24 hours are YFI, OHM, and LEO. The global crypto market cap is $2.23T, down 3.7% over the last day. DeFi Total Value Locked is ~$234b and BTC dominance is around 41%.
Markets around the world remain risk-averse due to Omicron and central bank tightening concerns. Crypto is no exception, with the total market cap down 3.7% over the last day. It was a fairly quiet weekend, though notable news includes: the Financial Stability Oversight Committee stated in its 2021 report that it will look to mitigate stablecoin risk if Congress fails to act; the Grayscale Bitcoin Trust hit its largest discount ever at over 21%; Terra is now the second largest DeFi blockchain by TVL, passing Binance Smart Chain; five Polkadot parachains went live this weekend: Acala, Astar, Clover, Moonbeam, and Parallel Finance; the Uniswap community has voted to deploy v3 on Polygon; once-dominant electronics retailer RadioShack is pivoting to DeFi with the aim of bridging traditional business and cryptocurrencies; Instagram is actively exploring NFTs; and, Adidas’s Into the Metaverse NFT drop recorded $23m in sales.
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