Daily Market Update: December 1, 2023

December 1, 2023

BTC is currently trading around $38,300 and ETH around $2,100. Notable gainers in the last 24 hours are LUNC, TAO, and TIA. The global crypto market cap is ~$1.51T, up 1.3% over the last day. DeFi Total Value Locked is ~$48b and BTC dominance is around 53%.

Notable news includes: the selection criteria for Starknet’s airdrop circulated on social media, and The Starknet Foundation subsequently clarified that the plans are still underdevelopment but the eligibility cutoff date has already been established; MicroStrategy acquired an additional 16,130 bitcoin for ~$593m; Aragon deployed its DAO technology infrastructure on Arbitrum; Talos revealed plans to integrate with Uniswap to expand its access to liquidity; Blast breached $600m in TVL and flipped Solana; Coinbase reiterated that it has no plans to launch a token for its layer 2 network Base; and, the OPNX token rallied 50% after an unexpected ‘gm’ tweet from Su Zhu.

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Matt Kunke, Research Analyst | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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