Daily Market Update: Dec 19, 2022

December 19, 2022

BTC is currently trading around $16,700 and ETH around $1,200. Notable gainers in the last 24 hours are XDC, RUNE, and IMX. The global crypto market cap is ~$840B, down ~0.2% over the last day. DeFi Total Value Locked is ~$40b and BTC dominance is around 42%.

Notable news includes: Kazakhstan’s central banks recommended a phased CBDC rollout between 2023-2025; Argentina’s San Luis province revealed plans to issue a USD-pegged stablecoin; Binance.US agreed to buy Voyager’s assets for $1.02b; Binance finalized the acquisition of Indonesian crypto trading firm Tokocrypto; OKX and Gate resumed withdrawals following cloud disruption issues; Tornado Cash passed its first governance proposal since being sanctioned; a letter penned by Grayscale indicated they may explore a tender offer for GBTC shares if their lawsuit versus the SEC is unsuccessful; BAYC creator Yuga Labs hired the former president and COO of Activision Blizzard as its new CEO; Argentina’s fan token fell ~50% despite winning the World Cup; Donald Trump’s NFT collection received backlash as it appears the images used were stock photos taken from the internet; and, Elon Musk may resign from Twitter after a poll voted in favor of his resignation, a vote that he previously claimed he would honor the results of. 

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

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