BTC is currently trading around $16,100 and ETH around $1,150. Notable gainers in the last 24 hours are CRV, LTC, and TWT. The global crypto market cap is ~$837B, down ~0.2% over the last day. DeFi Total Value Locked is ~$41b and BTC dominance is around 41%.
Notable news includes: a U.S. Senate committee scheduled an FTX hearing with the Chair of the CFTC testifying on December 1st; Binance and Apollo passed on investing in Genesis’ attempted emergency capital raise, with Genesis denying reports of imminent bankruptcy; Genesis reduced its $1b targeted capital raise down to $500m; Bitget is aiming to double headcount by Q1 2023; CoinMarketCap launched a proof-of-reserve tracker for crypto exchanges; a new bankruptcy filing indicated FTX has a cash balance of ~$1.24b; FalconX resumed use of Silvergate’s SEN network after pausing its use last week; Coinbase shares fell to an all-time low; JPMorgan registered a trademark for its digital wallet and related crypto processing services; Bitcoin miner Iris Energy unplugged ASICs collateralizing over $100m in loans in response to a default notice; MakerDAO onboarded Rocket Pool’s rETH liquid staking derivative; mobile-focused blockchain Celo partnered with ConsenSys to build developer tooling; Curve’s CRV token fell more than 14% as ~$28m of CRV was borrowed from Aave and sold, but the token squeezed up shortly after; ARK Invest continued to double down on GBTC and Coinbase; and, the HashFlare founders were arrested for a ~$575m crypto fraud scheme.
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