Daily Market Update: December 5, 2023

December 5, 2023

BTC is currently trading around $42,300 and ETH around $2,250.  Notable gainers in the last 24 hours are ORDI, CFX, and PEPE.  The global crypto market cap is $1.62T, up 1.9% over the last day.  DeFi Total Value Locked is ~$50b and BTC dominance is around 55%.

Notable news includes: El Salvador’s bitcoin investment is now in the black; the central banks of Italy and South Korea entered into a knowledge sharing agreement that includes CBDCs; 28 Indian crypto platforms registered with the country’s anti-money laundering department; Terra Luna creator Terraform labs filed for summary judgement to conclude the lawsuit the SEC filed against it; Societe Generale issued its first digital green bond as a security token on Ethereum; BlackRock confirmed that it seeded its proposed spot Bitcoin ETF in a filing; smart contract development firm Thirdweb identified a security vulnerability that potentially impacts a variety of smart contracts across web3; Riot Platforms purchased 18 EH/s of new MicroBT rigs and secured an option to purchase up to 75 EH/s in additional hashrate; and, Middle East-based Bitcoin miner Phoenix Group debuted on the Abu Dhabi Securities Exchange today.

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

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