BTC is currently trading around $65,000 and ETH around $3,650. Notable gainers in the last 24 hours are THETA, STRK, and XEC. The global crypto market cap is $2.56T, down 1.0% over the last day. DeFi Total Value Locked is ~$100b and BTC dominance is around 54%.
Bitcoin briefly hit a new all-time high of ~$69,100 on Coinbase before immediately dropping back down. Indeed, volatility remains high and resulted in $675m in total crypto liquidations over the last 24 hours. Meanwhile, ETF inflows continue to remain strong, with inflows into the new US spot-based products totaling $563m yesterday despite $368m of GBTC outflows.
Notable news includes: a Kremlin aide announced plans for the BRICS nations to create an independent blockchain-based payment system; the SEC delayed its decision on BlackRock and Fidelity’s spot ETH ETF applications as expected, though requested feedback around the risks associated with proof-of-stake; BlackRock filed to include Bitcoin ETFs in its Strategic Income Opportunities Fund; Deutsche Böerse unveiled a crypto spot platform for institutions called the Deutsche Böerse Digital Exchange (DBDX); MicroStrategy announced plans to raise $600m in convertible debt to buy more bitcoin; Coinbase experienced its second outage in less than a week; Coinbase’s app entered the Apple App Store top 100 for the first time in two years; Tether launched a recovery tool for the migration of USDT in case a blockchain goes down; Fetch.AI secured $100m in infrastructure development funding to launch Fetch Compute; and, a Montenegrin Appeals Court overturned Do Kwon’s extradition order to the US.
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Author:
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
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