BTC is currently trading around $21,900 and ETH around $1,500. There are not any notable gainers in the last 24 hours. The global crypto market cap is $1.05T, down 2.8% over the last day. DeFi Total Value Locked is ~$85b and BTC dominance is around 42%.
Global equity markets are mixed while global bond yields are moving higher. It’s a busy week ahead for earnings and economic data releases. The Fed will decide on interest rate policy Wednesday, with markets firmly expecting another 75-basis-point rate hike. Q2 GDP in the U.S. will follow on Thursday with consensus expecting a 0.4% rise QoQ. Investors will further look to glean insights from a busy week of earnings reports with ~1/3rd of S&P 500 companies reporting including market bellwethers such as Microsoft, Apple, Amazon, and Alphabet.
Notable news includes: a report from BCG concluded that crypto will reach 1b users by 2030; The Bank of Central African States has been urged by its board to introduce a common digital currency for its countries; Texas’ GOP called for crypto’s inclusion in the state’s Bill of Rights; California ended its ban on crypto donations to political campaigns; investment bank Moelis started a blockchain group; a report indicated Barclays is expected to invest millions of dollars into crypto custodian Copper; Zipmex obtained a memo of understanding from an unnamed party interested in buying the company; CoinFLEX proposed a plan to restructure its business and compensate depositors; a report indicated FTX is aiming to acquire South Korea’s second-largest crypto exchange; Coinbase’s nano Bitcoin futures trading volume surged on retail demand; Animoca Brands launched a DAO to develop open metaverse standards in partnership Dapper Labs, The Sandbox, and others; Uniswap revealed plans to integrate Sudoswap to access deeper NFT liquidity; blockchain infrastructure company Chain completed a $100m acquisition of the MDT token ecosystem; Star Atlas announced a revamped marketplace and the launch of Star Atlas DAO; Bitfitnex and Tether launched Keet, a peer-to-peer video calling app; Lido DAO began voting on a proposed token sale to VC firm Dragonfly Capital; Cardinal, a Solana-based NFT utility protocol, raised ~$4.5m; and, decentralized music platform Audius was exploited for ~$6m.
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