BTC is currently trading around $62,400 and ETH around $3,150. Notable gainers in the last 24 hours are W, LDO, and SEI. The global crypto market cap is $2.43T down 2.5% over the last day. DeFi Total Value Locked is ~$92b and BTC dominance is around 55%.
Traditional equity markets are up small and looking to sustain the momentum from last week’s earnings-driven strength. Investors will be closely watching several macroeconomic releases this week, including European inflation and GDP data on Tuesday, the Federal Reserve meeting and press conference on Wednesday, and US employment data on Friday.
Notable news includes: Russia will reportedly ban all crypto assets, including Bitcoin, except for digital financial assets issued within its jurisdiction; the US Department of Justice filed its opposition to a motion to dismiss charges against Tornado Cash developer Roman Storm; Australia’s ASX stock exchange could list spot Bitcoin ETFs by the end of 2024, per Bloomberg; Franklin Templeton’s spot Ethereum ETF was listed on the DTCC, a key piece of financial markets infrastructure; Google unveiled its Web3 portal offering resources for blockchain developers; Marathon Digital revealed plans to double its Bitcoin mining capacity this year; Ethereum gas fees hit a six-month low; DePIN project io.net experienced a cybersecurity breach; and, friend.tech v2 went live.
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Author:
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
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