BTC is currently trading around $19,000 and ETH around $1,400. Notable gainers in the last 24 hours are APT, FTM, and FXS. The global crypto market cap is ~$948B, up ~1.8% over the last day. DeFi Total Value Locked is ~$43b and BTC dominance is around 42%.
Crypto markets are diverging from equities and continuing their upward trend with bitcoin leading the charge forward. U.S. equities are moving lower, with financials leading the plunge lower behind challenging bank earnings. European equities are still positive on the day behind a better than expected U.K. GDP release.
Notable news includes: The SEC charged Gemini and Genesis with selling unregistered securities; FTX received approval to sell LedgerX; Nexo saw ~$160m of withdrawals in the day after being raided by Bulgarian police; Crypto.com cut its headcount by ~20%; Hodlnaut’s creditors rejected its restructuring plan and are seeking a liquidation; Alameda’s liquidators were liquidated twice as they attempted to consolidate funds; crypto exchange WonderFi confirmed merger talks with Coinsquare; Wyre lifted its withdrawal limit after raising new funding from a strategic partner; SocGen minted $7m of DAI while posting home loan bonds as collateral; Polygon is planning a hard fork on Jan 17th to reduce gas fees; Bored Apes are pumping ahead of the Sewer Pass mint; NFT sales rose 13% in December, ending an 8-month down streak; Bitcoin miner Bitfarms seeks to amend its loan from BlockFi as it warns of default; Celsius Mining entered an agreement to sell nearly ~3k mining rigs; Samsung’s investment arm is mulling a spot Bitcoin ETF in Hong Kong; crypto market maker CyberX raised ~$15m from Foresight Ventures; and, Sam Bankman-Fried’s father, Joseph Bankman, retained an attorney.
Matt Kunke, Junior Strategist | Twitter, Telegram, LinkedIn
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
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