Daily Market Update: Nov 25, 2022

November 25, 2022

BTC is currently trading around $16,500 and ETH around $1,200. Notable gainers in the last 24 hours are HT, DOGE, and GRT. The global crypto market cap is ~$865B, down ~0.4% over the last day. DeFi Total Value Locked is ~$41b and BTC dominance is around 40%.

Notable news includes: Belgium declared BTC and ETH are not securities; Binance committed $1b to its crypto recovery fund; Bybit launched a $100m support fund for institutional traders; Justin Sun said that crypto exchanges Huobi and Poloniex could potentially merge in the future; ConsenSys updated its policy to collect IP addresses from MetaMask users; StarkNet open-sourced Cairo 1.0 in its first step towards community control; zkSync passed a security audit as it gears up to expand access to the public; DEX aggregator 1inch released a new tool to protect traders against sandwich attacks; Aave proposed a governance change after a failed exploit on the protocol; Flashbots shared details on its next-generation block builder; Matrixport seeks to raise $100m at an increased $1.5b valuation; Casper launched a $25m grant to support its developer ecosystem; ApeCoin DAO launched a community-driven NFT marketplace; the directors of the Avengers: Endgame will produce an FTX mini-series on Amazon; and, the FTX attacker turned to ChipMixer to begin laundering funds.

Matt Kunke, Junior Strategist | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TelegramLinkedIn

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