BTC is currently trading around $25,700 and ETH around $1,650. Notable gainers in the last 24 hours are RLB, STX, and RUNE. The global crypto market cap is $1.08T, down 0.2% over the last day. DeFi Total Value Locked is ~$38b and BTC dominance is around 49%.
Notable crypto news includes: Ripple filed a motion to block the SEC’s attempt to appeal its recent court ruling; a US federal court gave the go-ahead in a class action lawsuit against Helbiz, which undertook an ICO in 2018 for its Italian electric scooter sharing company; The Financial Stability Board and the IMF are set to deliver a paper calling for a global crypto policy roadmap; Japan’s FSA proposed a change to the tax code that would eliminate end-of-year unrealized gains taxes on crypto for domestic firms; South Korean bank KEB Hana announced a partnership with crypto custodian BitGo; The Bank of China and e-commerce site Meituan signed an agreement to deepen their digital yuan cooperation; The State Bank of India integrated its United Payments Interface with the digital rupee; a report by the World Federation of Exchanges found that regulated exchanges remain reluctant to offer crypto products despite investor demand; The London Stock Exchange Group revealed plans to launch a new blockchain-powered digital markets business to enhance the trading of traditional financial assets; the CFO and GC of crypto venture firm Paradigm are set to leave the company this month; Robinhood bought back $605m worth of shares of its own company that the US government seized from SBF; Binance’s Head of Product Mayur Kamat left the exchange; Sorare launched 3D digital football player cards with augmented reality capabilities; MarkerDAO’s oracle, Chronicle, announced plans to expand beyond Maker; Vitalik sold his stake of MKR, apparently in response to the MakerDAO founder’s proposal to launch an app-chain on a fork of Solana; the co-founders of Gala Games filed lawsuits against each other; DYDX holders voted to make the token the native asset for the soon-to-be-launched dYdX Chain; Stellar’s XLM token rallied 10% after it teased “something cool” is coming; Shiba Inu’s layer 2 Shibarium hit 1m wallets; crypto betting platform Stake suffered a $40m exploit; and, SYN, the native token of cross chain bridging protocol Synapse, fell after Nima Capital allegedly rug-pulled liquidity from the bridge.
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Authors:
Matt Kunke, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Senior Strategist | Twitter, Telegram, LinkedIn
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