Daily Market Update: Oct 6, 2022

October 6, 2022

BTC is currently trading around $20,100 and ETH around $1,350. Notable gainers in the last 24 hours are EVMOS, ENS, and TWT. The global crypto market cap is ~$1.00T, up ~1.1% over the last day. DeFi Total Value Locked is ~$73b and BTC dominance is around 42%.

Notable news includes: USDC’s supply decreased by $9b in the last three months; Grayscale unveiled a Bitcoin mining-centered entity; Two Sigma will begin providing data to Chainlink; Maker allocated $500m to Treasuries and corporate bonds; Sushi jumped nearly 15% following an investment from GoldenTree; Hamilton Lane joined KKR in tokenizing three of its funds through Securitize; Mythical Games revealed the launch of its web3 gaming DAO and token; South Korea made its first arrest in the Terra case; and, SEC staff are reportedly unhappy with Chair Gensler’s ‘publicity stunt’ on the Kim Kardashian enforcement.