BTC is currently trading around $28,400 and ETH around $1,850. Notable gainers in the last 24 hours are HBAR, ADA, and RPL. 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%.
Risk assets are exhibiting modest positive gains behind this morning’s better-than-expected Core PCE release. Eurozone inflation also fell more than expected, but the headline drop was primarily attributed to volatile energy prices, and core inflation rose slightly.
Notable news includes: FTX EU launched a withdrawal website to pay back its users; Hong Kong reportedly plans to license eight crypto companies by year-end; Belarus declared crypto firms can operate tax-free until 2025; DAO treasury balances eclipsed $25b in aggregate; Injective launched a layer-2 testnet for Solana-based apps in Cosmos; Gnosis unveiled its Hashi bridge aggregator to help improve cross-chain security; Aave revealed plans to launch on Polygon’s zkEVM; Kava’s TVL flipped Solana; hardware wallet provider Ledger raised $108m; and, Trump became the first former U.S. president to be charged with a crime after being indicted by a grand jury in connection to a hush money payment to Stormy Daniels.
Matt Kunke, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
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