BTC is currently trading around $41,400 and ETH around $2,200. Notable gainers in the last 24 hours are OSMO, KCS, and TIA. The global crypto market cap is $1.63T, down 0.3% over the last day. DeFi Total Value Locked is ~$51b and BTC dominance is around 53%.
Global equity markets are little changed after key US inflation data came in inline with expectations. Specifically, headline and core CPI rose 3.1% and 4.0% year-over-year in November, respectively, and matched expectations though headline inflation ticked down sequentially from October’s 3.2% rate. Market participants will now turn their attention to tomorrow’s Federal Reserve rate decision.
Notable news includes: The Chinese Ministry of Public Security announced plans to roll out a new blockchain-based identity verification system; South Korea unveiled new rules aimed at protecting digital asset investors; Taiwan’s FSC set up a Financial Technology Bureau to oversee crypto; El Salvador received regulatory approval to issue its Bitcoin “Volcano Bonds” in 1Q24; US Senator Elizabeth Warren announced an increase in support for her proposed Digital Asset Anti-Money Laundering Act; Japanese financial services firm SBI Holdings and Saudi Arabian state-owned oil company Saudi Aramco signed an MoU to cooperate on digital asset investments; the DTCC, a key piece of US financial market infrastructure, acquired a digital infrastructure company; KuCoin agreed to exit the New York market and pay $22m to settle a suit from the New York Attorney General’s office; Coinbase announced a new Abu Dhabi-regulated platform enabling institutions to tokenize traditional finance assets on its L2 Base; Consensys’s L2 Linea has seen high activity amidst its Voyage campaign; L2 StarkWare announced a pilot program that will pay 10% of network fees to developers; Clearpool launched its KYC’d institutional credit marketplace on Optimism; the Synthetix community passed a governance proposal to terminate token inflation and adopt token buybacks and burns; Uniswap v3 deployed on Bitcoin scaling solution Rootstock; and, international football governing body FIFA announced a new digital collection.
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