BTC is currently trading around $47,500 and ETH around $3,800. Notable gainers in the last 24 hours are ROSE, CVX, and LEO. The global crypto market cap is $2.34T, down 4.4% over the last day. DeFi Total Value Locked is ~$248b and BTC dominance is around 40%.
Notable news includes: the US’s newly-signed $770b National Defense Authorization Act for Fiscal Year 2022 calls for the development of a digital health strategy for emerging tech, including distributed ledgers; the Chairman of SEBI urged Indian mutual funds to avoid investing in crypto-related assets until the government creates new crypto regulation; a report from the Reserve Bank of India argues for offering a basic CBDC before implementing a more sophisticated one; the South Korean government has requested play-to-earn games be removed from Google Play and Apple’s App Store to combat the proliferation of what it sees as speculative money-making schemes; ProShares filed a new application with the SEC for an ETF comprised of publicly listed companies exposed to the metaverse industry; Marathon Digital agreed to buy $879m of miners from Bitmain; and, borrow lend protocol Aave has partnered with decentralized operating system Centrifuge to launch its Real World Assets market enabling users to tokenize real-life assets and use them as collateral to borrow cash.
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