Daily Market Update: September 15, 2023

September 15, 2023

BTC is currently trading around $26,400 and ETH around $1,625.  Notable gainers in the last 24 hours are XDC, RUNE, and VET.  The global crypto market cap is $1.09T, down 0.4% over the last day.  DeFi Total Value Locked is ~$38b and BTC dominance is around 50%.

Notable news includes: Deutsche Bank announced it will integrate Swiss crypto firm Taurus’s digital asset custody and tokenization services for its clients; Australian bank ANZ successfully completed a tokenized asset test transaction in collaboration with Chainlink; the deputy superintendent of virtual currency at the NYDFS announced he will step down at month-end; the SEC accused Binance.US of failing to cooperate with information requests; the head of legal and chief risk officer are leaving Binance.US one day after the departure of its CEO and the layoff of a third of its staff; Genesis revealed that it will halt all trading services by September 21; Celsius’s former chief revenue officer reportedly pled guilty to fraud and price manipulation charges; Celsius has agreed to purchase a mining site from Core Scientific for $45m as part of the bankruptcy settlement; a Bloomberg report found that over half of the energy used by bitcoin miners comes from renewable sources; F2Pool returned 19.8 BTC to Paxos after Paxos accidentally overpaid on a transaction fee; characters from NFT collection Cool Cats will appear as balloons in the Macy’s Thanksgiving Day Parade in New York City; crypto accounting and compliance service provider Bitwave acquired payments and accounting platform Gilded; crypto custodian BitGo and bitcoin financial services firm Swan revealed plans to form a BTC-only trust company via a joint venture; ether staking giant Lido is working with Neutron and Axelar to bridge stETH to Cosmos; SSV.network launched on mainnet to help decentralize staking pools via distributed validator technology; and, data and value transfer protocol IOTA is planning to release an IOTA 2.0 network that includes smart contract functionality.

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Matt Kunke, Research Analyst | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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