Daily Market Update: September 28, 2023

September 28, 2023

BTC is currently trading around $26,500 and ETH around $1,600.  Notable gainers in the last 24 hours are RLB, RUNE, and XDC.  The global crypto market cap is $1.10T, down 0.3% over the last day.  DeFi Total Value Locked is ~$39b and BTC dominance is around 50%.

Notable news includes: Ethereum futures ETFs could start trading in the US as early as next week, per Bloomberg analysts; Ethereum developers initiated a second attempt to launch the Holesky testnet; several congressional members lobbied harsh criticism at SEC Chair Gensler during his House committee hearing yesterday; the BIS and three central banks successfully completed a cross border wholesale CBDC test; Chinese tech giant Tencent joined the CBDC interoperability pilot project mBridge; Buenos Aires launched a new decentralized identity protocol called QuarkID; IBM, Microsoft and others formed a post-quantum cryptography coalition; crypto exchange Kraken is reportedly considering adding stocks to its trading platform; Binance urged users in Europe to convert euro balances to USDT after Paysafe stopped providing services to the exchange; Crypto.com partnered with PayPal and Paxos for PYUSD trading; cloud mining firm Nicehash announced it will prohibit UK customers from accessing its services; IOTA revealed plans to launch public IOTA Smart Contracts on its ShimmerEVM blockchain; and, the SEC is seeking to depose Terraform Labs co-founder Do Kwon in the US by mid-October.

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Matt Kunke, Research Analyst | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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