Daily Market Update: 9/20

September 20, 2022

BTC is currently trading around $19,100 and ETH around $1,350. Notable gainers in the last 24 hours are APE, XLM, and XRP. The global crypto market cap is ~$966B, up 1.1% over the last day. DeFi Total Value Locked is ~$70b and BTC dominance is around 41%.

Notable news includes: the SEC controversially claimed jurisdiction over Ethereum transactions because node density is higher in the U.S. than elsewhere; Hong Kong reportedly plans to trial a CBDC beginning in Q4; Coinbase tweaked its trading fee schedule for high volume accounts; Nasdaq announced plans to launch an institutional crypto custody service; crypto market maker Wintermute was hacked for $160m; Tribe DAO voted to repay Rari Capital hack victims, notably this is the fourth vote on the matter, but this vote settled on chain without veto capabilities; Metaplex Foundation revealed plans to airdrop governance tokens to early adopters; and, NFT lender BendDAO  proposed an $80m treasury investment fund.

Matt Kunke, Junior Strategist | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TelegramLinkedIn

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