BTC is currently trading around $59,400 and ETH around $2,300. Notable gainers in the last 24 hours are TIA, IMX, and FTM. The global crypto market cap is $2.15T, down 0.4% over the last day. DeFi Total Value Locked is ~$80b and BTC dominance is around 58%.
Notable news includes: more than 40 private firms joined the BIS’s Project Agora to explore how tokenization can enhance cross-border payments; Himalayan nation with less than 1m people Bhutan accumulated $780m in Bitcoin through mining; a New York City restaurant settled with the SEC over its NFT-based membership program; publicly-traded Canadian crypto company DeFi Technologies filed to list in the US on Nasdaq; Canadian Bitcoin miner Cathedra Bitcoin released a strategy memo detailing plans to acquire as much Bitcoin as possible; MicroStrategy revealed plans to raise $700m via a notes issuance to buy more Bitcoin; Singapore’s DBS Bank announced plans to launch OTC crypto options and structured notes for institutional clients; crypto custodian BitGo launched a regulated platform to custody and manage native tokens for web3 protocols; the Hedera blockchain announced a new tokenization toolkit called the Asset Tokenization Studio; Chainlink and Fireblocks partnered to launch a one-stop solution for stablecoin issuance and management; Circle expanded native issuance of USDC to Sui; NFT project DeGods launched a new DEGOD token that all DeGods, Y00ts, and DUST tokens can convert to, though the move was criticized as NFT rarity has no impact on token distribution; mobile game publisher Zynga spun out its web3 gaming unit to a new company called D20 Labs; decentralized derivatives exchange dYdX announced plans to launch perps on predictions markets; and, the Trump family’s upcoming DeFi project World Liberty Financial revealed details of its WLFI token on a Twitter spaces yesterday.
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Author:
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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