BTC is currently trading around $63,300 and ETH around $2,550. Notable gainers in the last 24 hours are TAO, SUI, and APT. The global crypto market cap is $2.30T, down 0.1% over the last day. DeFi Total Value Locked is ~$86b and BTC dominance is around 58%.
Markets are little changed after the Bank of Japan held interest rates steady. While the move was expected, the BOJ is attempting to normalize policy after a long period of negative interest rates, though it is treading cautiously so as to not stymie growth or spook markets. That said, the BOJ has stated that it expects to raise rates in the future if its economic forecast comes to fruition, and economists currently predict one rate hike by year-end.
Notable news includes: a federal judge dismissed a lawsuit filed by blockchain development firm Consensys against the SEC; Terra blockchain developer Terraform Labs received court approval to wind down operations; Hedera’s The Hashgraph Association announced it will work with Qatar to explore digital asset use cases; Germany’s Commerzbank announced plans to offer crypto trading and custody services to customers; Germany shut down 47 crypto exchanges tied to the underground economy; OKX announced plans to relaunch in the US with a new app later this year; crypto exchange BingX fell victim to a $50m hack; Coinbase’s cbBTC became the third-largest wrapped Bitcoin token just one week after debuting; DeFi lender Sky passed a vote to off-board WBTC as collateral from its ecosystem; blockchain infrastructure provider Blockdaemon revealed that it is considering an IPO in 2026; the Frankendancer client launched on the Solana mainnet; Solana Mobile announced a handheld web3 gaming device built on Solana called Play Solana Gen1; Polkadot released Agile Coretime to improve the management and allocation of computational resources from the prior two-year auction-based leasing system; DEX aggregator Jupiter acquired blockchain explorer SolanaFM; tokenization platform Securitize integrated blockchain interoperability solution Wormhole; and, decentralized GPU network Aethir and decentralized storage provider Filecoin partnered to address the growing demand for compute and storage solutions.
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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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