BTC is currently trading around $16,700 and ETH around $1,200. Notable gainers in the last 24 hours are SOL, FLOW, and LDO. The global crypto market cap is $843B, up 0.5% over the last day. DeFi Total Value Locked is ~$39b and BTC dominance is around 42%.
Traditional financial markets are off to a positive start to the year, while cryptocurrency prices are up modestly on the day. German inflation cooled in December from the prior month and also came in below expectations. Investors will now turn their attention to tomorrow’s FOMC meeting minutes as well as Friday’s US payrolls and European CPI.
Notable news includes: FTX founder Sam Bankman-Fried will reportedly plead not guilty to fraud charges relating to the collapse of FTX; Cameron Winklevoss, the co-founder of crypto exchange Gemini, and Barry Silbert, the CEO of Digital Currency Group, are engaged in a Twitter battle regarding $900m of trapped Gemini Earn funds; Gemini Earn users filed a class action arbitration against Genesis and its parent DCG; Morocco drafted a crypto regulatory framework and may introduce its first crypto bill in the coming days; Turkey revealed plans to use blockchain-based digital identity for online public services; Italy approved a 26% capital gains tax on crypto; a class action lawsuit accused crypto bank Silvergate Capital of violating securities laws; the former chairman of the parent company of crypto exchange Bithumb was acquitted of fraud charges; Binance is reportedly close to buying South Korean crypto exchange Gopax; cryptoasset custodian Zodia Custody appointed Bitstamp’s Julian Sawyer as CEO; metaverse company Animoca Brands was granted an extension to file its audited financial results for 2020 by Australian regulators; the Grayscale Ethereum Trust reached a record 60% discount; Bitcoin miner revenue fell 38% in 2022 from the year prior; DeFi app Sushi announced it will shutter its Kashi lending platform and its MISO token launchpad, while its CEO proposed a new tokenomics design; Dogecoin rival Bonk is up 380% since the beginning of the year; and a Bitcoin core developer lost over 200 BTC to a hack.
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