Trading Desk Market Update: 1/14

January 14, 2022

BTC is currently trading around $42,300 and ETH around $3,250.  Notable gainers in the last 24 hours are SCRT, DOGE, and CVX.  The global crypto market cap is $2.14T, down 2.8% over the last day.  DeFi Total Value Locked is ~$236b and BTC dominance is around 40%.

Notable news today includes: US President Biden will nominate Sarah Bloom Raskin as the Fed’s vice chairman for supervision; Paulu President Whipps revealed plans for a crypto exchange, a stablecoin, and a corporate registry days after the island nation discussed its forthcoming digital residency; the mayor of Rio de Janeiro stated the city will invest 1% of its treasury in BTC; Jack Dorsey’s Block confirmed plans to build an open Bitcoin mining system; Dogecoin has jumped 12% as DOGE payments went live in Tesla’s online store; FTX will launch a $2b web3 venture fund; and, The Iota Foundation has been selected as one of five contractors by the EC to develop blockchain and DLT tech in the region.

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