Daily Market Update: February 23, 2024

February 23, 2024

BTC is currently trading around $51,000 and ETH around $2,950.  Notable gainers in the last 24 hours are AGIX, SC, and FLR.  The global crypto market cap is $2.05T, down 0.9% over the last day.  DeFi Total Value Locked is ~$76b and BTC dominance is around 53%.

Notable news includes: The EU announced a new anti-money laundering watchdog tasked with monitoring crypto; Riot Platforms and the Texas Blockchain Council sued the US Department of Energy over the DOE’s recent emergency survey of electricity usage by Bitcoin miners; a bankruptcy judge approved FTX’s motion to begin selling its $1b stake in AI startup Anthropic; Kraken filed to dismiss the SEC lawsuit against it; DCG filed an objection to the recent settlement between its subsidiary Genesis and the NYAG; Reddit’s IPO prospectus revealed it holds an undisclosed amount of Bitcoin and Ethereum; cryptographer Adam Back released Satoshi Nakamoto emails from 2008-2009; Avalanche is experiencing a major outage; StarkWare changed STRK’s token unlock schedule after community backlash; decentralized exchange Sushi introduced discounted sales of Sushi Bonds to accumulate protocol owned liquidity; and, Pudgy Penguins announced a collaboration with Unstoppable Domains to launch “.pudgy” domain names.

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Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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