BTC is currently trading around $26,800 and ETH around $1,600. Notable gainers in the last 24 hours are BCH, MKR, and LUNC. The global crypto market cap is $1.10T, up 1.7% over the last day. DeFi Total Value Locked is ~$39b and BTC dominance is around 50%.
Notable news includes: The US Treasury’s OFAC added an Ethereum address allegedly used in drug trafficking to its sanctions list; SEC Chair Gensler stated that the “vast majority of crypto tokens likely meet the investment contract test” in published remarks before his speech in front of the House Financial Services Committee; JPMorgan Chase announced it will ban all cryptocurrency transactions for its UK customers; bankrupt centralized crypto lender BlockFi received court approval for its restructuring plan; a bipartisan group of US lawmakers wrote a letter to SEC Chair Gensler urging the SEC to approve a spot bitcoin ETF; MoneyGram announced plans to launch a non-custodial digital wallet in 2024; Binance sold its Russian unit; Gemini announced it will halt services in the Netherlands; Kraken gained approvals in Ireland and Spain; Curve founder Egorov deposited $35m of CRV tokens to DeFi lending platform Aave to fully pay back his Aave debt; Mixin Network offered a $20m bounty to the hacker that recently stole $200m; Blocknative announced it will suspend its MEV-Boost Relay after the economics failed to justify the effort; Chainlink integrated its CCIP communication protocol with layer 2 Base; modular blockchain project Celestia revealed its airdrop and launch plans; and, NFT collection Pudgy Penguins launched toys in 2,000 Walmart stores.
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