BTC is currently trading around $58,200 and ETH around $4,650. Notable gainers in the last 24 hours are SHIB, STX, and LUNA. The global crypto market cap is $2.79T, up 3.5% over the last day. DeFi Total Value Locked is ~$272b and BTC dominance is around 42%.
Crypto prices have recovered over the last several hours after an early morning dip caused by comments from the Moderna CEO warning of a material drop in vaccine effectiveness against the new Omicron Covid variant.
Other notable news includes: The New York Fed announced a partnership with the BIS as part of its launch of its New York Innovation Center; Israel is fast-tracking its R&D efforts for its own CBDC; Former Citi exec Matt Zhang’s Hivemind Capital Partners announced its inaugural $1.5b digital asset/blockchain venture fund; MicroStrategy purchased an additional $414m of BTC; and Jack Dorsey’s resignation as Twitter CEO is causing much speculation around future crypto plans for both Dorsey and Twitter.
At the protocol/application level, news includes: decentralized trading protocol Bancor unveiled details of its v3 upgrade that includes instant impermanent loss protection, auto-compounding rewards, and optimized gas costs; The DFINITY Foundation announced that an upgrade allowing smart contract code to transfer ICP tokens is now live on the network; Shiba Inu is rallying after crypto exchange Kraken announced it will list the token; Hedera Hashgraph and South Korea’s Shinhan Bank completed a proof of concept for international remittances using stablecoins on the Hedera Network; and StarkNet Alpha, a highly anticipated ZK rollup-based Layer 2 scaling solution for Ethereum, has launched its alpha version on mainnet.
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