BTC is currently trading around $36,400 and ETH around $2,400. Notable gainers in the last 24 hours are KUB, MKR, and BNB. The global crypto market cap is $1.72T, down 1.7% over the last day. DeFi Total Value Locked is ~$185b and BTC dominance is around 43%.
Notable news includes: Russian President Putin reportedly supports a plan to legalize and regulate cryptocurrencies and crypto mining; a provision in the proposed America COMPETES Act would allow the Treasury to block crypto transactions it finds concerning; Japan has set up an NFT task force to create policy proposals; US Senator Liz Warren sent letters to mining companies questioning their energy usage; Google Cloud has launched a digital assets team; Tim Cook stated that Apple sees considerable potential in the metaverse and is investing accordingly; the MIM stablecoin has been under pressure and caused contagion fears given its connection to TIME Wonderland; Axie Infinity’s Ronin blockchain launched its RON governance token; and, Sonic, the first DEX on the Internet Computer, went live this week.
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