Daily Market Update: Oct 20, 2022

October 20, 2022

BTC is currently trading around $19,100 and ETH around $1,300. Notable gainers in the last 24 hours are XCN, KAVA, and LDO. The global crypto market cap is ~$957B, down ~0.1% over the last day. DeFi Total Value Locked is ~$69b and BTC dominance is around 42%.

Notable news includes: UK Prime Minister Truss resigned less than two months into the job after her failed tax plans roiled financial markets; the EU financial services head called on the US to create global crypto rules; a new draft of the Digital Commodities Consumer Protection Act (DCCPA) excludes software developers from its digital commodity broker definition; Sam Bankman-Fried posted a controversial regulatory manual for crypto and cautioned locking in DeFi policy; Fidelity will begin offering ETH trading and custody to institutional clients; Unstoppable Domains stopped selling and refunded .coin domains after finding collision risks; PancakeSwap has proposed integrating with Aptos; NFT marketplace Blur launched with an airdrop for traders; modular blockchain Celestia raised $55m; and, South Korean prosecutors claim Do Kwon left Singapore for Dubai last month.

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

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