BTC is currently trading around $57,900 and ETH around $2,450. Notable gainers in the last 24 hours are BSV, OM, and XMR. The global crypto market cap is $2.12T, down 2.5% over the last day. DeFi Total Value Locked is ~$81b and BTC dominance is around 58%.
Global equity markets and crypto prices are lower after a disappointing US manufacturing gauge increased fears around a slowing US economy.
Notable news includes: SEC Commissioner Uyeda called for a new S-1 securities registration form tailored to digital assets; Brazil’s federal supreme court justices upheld orders suspending the use of social media platform X in the country; 21Shares launched a wrapped Bitcoin on Ethereum called 21BTC; Sui revealed details around its SuiPlay0x1 blockchain-based handheld gaming console; the TON blockchain surpassed 1b transactions; Ripple announced it will add Ethereum-compatible smart contracts via a new sidechain to its XRP Ledger; Solana memecoin factory pump.fun became the fastest crypto app ever to hit $100m in revenue; still, pump.fun memecoin token issuance has fallen from ~20,000 per day in early August to less than 6,000 yesterday; Arbitrum launched its Stylus upgrade enabling developers to build applications in Rust, C, and C++; Matter Labs trimmed its workforce by 16%; and, defi protocols Aave and Sky (formerly MakerDAO) partnered to bridge the gap between decentralized finance and traditional financial systems.
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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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