BTC is currently trading around $97,600 and ETH around $2,750. Notable gainers in the last 24 hours are TRUMP, LTC, and GALA. The global crypto market cap is $3.32T, down 2.4% over the last day. DeFi Total Value Locked is ~$109b and BTC dominance is around 61%.
Notable news includes: the US Senate is holding a hearing investigating crypto debanking claims today; the SEC will reportedly downsize its 50 person crypto enforcement unit; an Ohio Senator introduced a second bill to create a state-level strategic Bitcoin reserve; crypto exchange Bullish is reportedly considering an IPO this year; Blocksquare launched an EU-compliant real estate tokenization framework; tokenization platform Ondo launched its Ondo GM solution to bring real world assets onchain; Tether revealed plans to launch an open-source AI software development kit; the 0G Foundation launched an $88m fund for AI DeFi agents; Ethereum’s token supply returned to pre-Merge levels; Ripple’s XRP Ledger halted for an hour yesterday; MegaETH unveiled soulbound NFTs to potentially raise $28m; and, the builders of data storage protocols Textile and 3Box Labs merged.
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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