BTC is currently trading around $26,600 and ETH around $1,600. Notable gainers in the last 24 hours are XRD, LUNC, and CRV. The global crypto market cap is ~$1.09T, flat over the last day. DeFi Total Value Locked is ~$38b and BTC dominance is around 50%.
Notable news includes: Binance and CZ filed to dismiss an SEC lawsuit claiming the regulator hadn’t “plausibly alleged” various securities related violations, and that it was seeking to encompass digital assets under its authority without legislation from Congress; The SEC acknowledged ARK and VanEck’s spot ETH ETF filings and have begun seeking public comments, kickstarting the 240-day review window; The Union Bank of the Philippines secured a central bank license to offer crypto trading; Bloomberg reported that credit investors have purchased more than $250m of FTX debt claims so far in 2023; Chainlink brought CCIP to Arbitrum; Prisma Finance has attracted ~$30m in TVL since launching its liquid-staking-token-backed mkUSD stablecoin three weeks ago; Polygon submitted a governance proposal asking Celo to use its SDK for its L2 migration, challenging Optimism’s OP Stack which Celo previously said it would use; friend.tech competitor PostTech attracted ~$5m in trading volume over ~36 hours; Consensys announced it would sunset Ganache and Truffle, two early Ethereum developer toolkits, amidst its shift to MetaMask Snaps; Bitcoin’s crash down to $8.2k in 2021 was allegedly linked to Alameda; and, Nansen warned of potential phishing attacks following a vendor security event that exposed customer data.
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Authors:
Matt Kunke, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
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