BTC is currently trading around $65,200 and ETH around $2,650. Notable gainers in the last 24 hours are SHIB, BRETT, and THETA. The global crypto market cap is $2.39T, up 1.5% over the last day. DeFi Total Value Locked is ~$89b and BTC dominance is around 58%.
Equity and crypto markets are higher after US jobless claims came in better-than-expected and China vowed the necessary fiscal spending to hit its growth targets.
Notable news includes: Dubai’s VARA tightened rules around crypto marketing; Kamala Harris again mentioned crypto during a speech, pledging to recommit the US to global dominance in emerging technologies like blockchain, AI, and quantum computing; PayPall announced that it will enable US merchants to buy, sell and hold supported cryptocurrencies; Telegram disabled its Wallet app in the UK; boutique investment bank Guggenheim tokenized $20m of commercial paper on Ethereum; SBI Holdings subsidiary SBIDM partnered with DLT infrastructure provider 21X to list tokenized securities; Worldcoin expanded World ID verifications to Guatemala, Malaysia, and Poland; Bitdeer and TSMC announced plans to launch a state-of-the-art mining chip; Bitcoin miner Hut8 announced a new GPU-as-a-service offering; Binance launched a pre-market spot trading service; former Mt Gox CEO Karpeles announced intentions to launch a new exchange EllipX; synthetic dollar protocol Ethena revealed plans to launch a stablecoin backed by BlackRock’s tokenized treasury fund BUIDL; a Curve Finance governance post proposed dropping TUSD as collateral for its crvUSD stablecoin; Bitcoin staking protocol Babylon partnered with rollup-as-a-service provider Asphere to develop an end-to-end solution for launching Bitcoin L2s; entertainment-focused Ethereum L3 XProtocol announced it will launch a gaming and DePIN-focused Android phone this year; Hamster Kombat’s highly anticipated airdrop went live; and, Hamster Kombat teased token buybacks, NFTs, and the launch of a web app.
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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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