BTC is currently trading around $26,900 and ETH around $1,800. Notable gainers in the last 24 hours are INJ, BGB, and KAVA. The global crypto market cap is ~$1.17T, down ~0.8% over the last day. DeFi Total Value Locked is ~$47b and BTC dominance is around 48%.
Notable news includes: Paradigm filed an amicus brief in the case between the NYAG and KuCoin that disagreed with the NYAG’s classification of ETH as a security; a proof-of-reserves bill passed through Texas’s Senate; the Australian stock exchange abandoned its blockchain-based system to replace its legacy clearing and settlement system; Ethereum Layer 2 Mantle Network merged with BitDAO; HashKey is seeking to raise up to $200m at a $1b valuation; and, Apple joined the growing list of tech companies that have banned ChatGPT use over data leak fears.
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Authors:
Matt Kunke, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
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