Daily Market Update: Mar 30, 2023

March 30, 2023

BTC is currently trading around $28,600 and ETH around $1,800. Notable gainers in the last 24 hours are 1INCH, CFX, and ARB. The global crypto market cap is ~$1.23T, up ~0.3% over the last day. DeFi Total Value Locked is ~$50b and BTC dominance is around 48%.

Notable news includes: SBF will reportedly plead Not Guilty to new bribery and campaign finance charges; The FDIC reiterated in congressional testimony that it would not inhibit a buyer from purchasing Signet, noting its currently in the process of marketing Signet for sale; The FDIC will reportedly propose a ‘special assessment’ on the banking industry to shore up its insurance fund after taking a hit from SVB/Signature, and the largest banks may receive a relatively outsized bill at the discretion of the FDIC; Coin Center claimed the RESTRICT Act, which aims to target companies like Tik-Tok, uses too broad of verbiage and could be used to ban Bitcoin; Japan’s Finance Ministry is exploring the feasibility of a digital yen; Thailand is debating a lift to its retail ICO limit; OKX revealed plans to expand to Australia; Gemini is exploring the launch of a global derivatives platform; Art Blocks debuted its NFT marketplace with enforced creator royalties; Disney shuttered its metaverse division; and, a study from VPN provider Surfshark revealed that requests to big tech firms for personal user data from global governments ~5x’d in eight years.

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

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