Daily Market Update: May 28, 2024

May 28, 2024

BTC is currently trading around $67,700 and ETH around $3,850.  Notable gainers in the last 24 hours are TIA, WIF, and BONK. The global crypto market cap is $2.69T, down 0.4% over the last day.  DeFi Total Value Locked is ~$108b and BTC dominance is around 54%.

Notable news includes: Europe’s ESMA deemed MEV a “clear example of market abuse” in its proposed technical standards for the MiCA regulation; the European Commission called on the EU to ready itself for the integration of blockchain and AI technologies; a third of US voters say they would consider a candidate’s position on crypto prior to voting in a new Harris Poll survey; Bitcoin and Ethereum ETNs launched on the London Stock Exchange; over 140,000 BTC were transferred from Mt Gox wallets to an unknown address potentially as part of a plan to repay creditors by October 31; the Polkadot community passed a proposal for the Join-Accumulate Machine (JAM); Solana passed a proposal to give all priority fees to validators; Ethereum Name Service announced plans to migrate to a layer 2; based rollup Taiko launched on mainnet; onchain borrow/lend protocol Aave announced plans to launch an Aave Network chain after its v4 upgrade; and, metaverse project The Sandbox launched The Sandbox DAO.

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Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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