Daily Market Update: Dec 23, 2022

December 23, 2022

BTC is currently trading around $16,800 and ETH around $1,200. Notable gainers in the last 24 hours are LUNC, NEAR, and RUNE. The global crypto market cap is ~$844B, up ~1.0% over the last day. DeFi Total Value Locked is ~$40b and BTC dominance is around 42%.

Notable news includes: Brazil legalized crypto payments; Gensler vowed to intensify the SEC’s crackdown on crypto; crypto exchange Bullish cancelled its SPAC; Kraken launched Kraken Pro with a suite of more advanced trading tools; Proximity Labs developed the first non-EVM solution that’s compatible with MetaMask and enabled paired NEAR accounts to be controlled remotely by Ethereum addresses; MetaMask expanded its swap feature to Arbitrum and Optimism; AvalancheGo was upgraded to ’Banff 5’ and introduced a new communication protocol for subnets to share data and cryptoassets with each other; Aave DAO voted to integrate Chainlink’s Proof of Reserves; Ren will mint 180m tokens to finance the transition to new community-focused contracts in the wake of Alameda’s collapse; Mythical Games alleged former execs used company secrets to raise more than $150m of capital; more than $7t settled with stablecoins in 2022; Pangea Fund Management rebranded to Syncracy Capital; and, Guggenheim’s CIO Scott Minerd unexpectedly passed away from a heart attack.  

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

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