Daily Market Update: Dec 27, 2022

December 27, 2022

BTC is currently trading around $16,800 and ETH around $1,200. Notable gainers in the last 24 hours are LUNC, QNT, and FIL. The global crypto market cap is ~$843B, down ~0.2% over the last day. DeFi Total Value Locked is ~$39b and BTC dominance is around 42%.

Notable news includes: The General Counsel for the SEC announced his departure from the agency; Japan will lift its ban on foreign-issued stablecoins in 2023; the U.S. election agency approved the use of NFTs for campaign fundraising; Crypto.com promoted its COO to President; OKX partnered with dAppRadar and expanded its dApp integrations; two executives of the AAX crypto exchange were arrested in Hong Kong; 1inch launched its Fusion upgrade to improve swap security and profitability; Waves unveiled its USDN stablecoin revival plan, transitioning to WINDX, a multi-collateral, soft-pegged asset; Texas Bitcoin miners curtailed operations amidst the most severe cold stretch of the year; Argo Blockchain suspended the trading of its U.S. shares for 24 hours; Bitcoin mining ASICs have fallen ~87% in price since May 2021; top Solana NFT projects DeGods and y00ts are bridging to Ethereum and Polygon; OpenSea confirmed its ban on Cuban artists; over $30b of NFT sales on Ethereum are reportedly wash sales; Armanino defended its past audits of FTX US; BitKeep wallet was hacked after thieves created an unofficial Android app; a North Korea-linked NFT phishing campaign is targeting OpenSea, X2Y2, and Rarible users; BTC.com was hacked for $3m; the data of 400m Twitter users is reportedly for sale on the black market; and, bitcoin is looking to close the year as the 26th largest asset by market cap globally.

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

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