BTC is currently trading around $39,400 and ETH around $2,700. Notable gainers in the last 24 hours are OMI, AMP, and LUNA. The global crypto market cap is $1.83T, up 10.2% over the last day. DeFi Total Value Locked is ~$194b and BTC dominance is around 43%.
Equity and crypto markets staged a comeback yesterday after initially falling materially due to Russia’s invasion of Ukraine. Some attributed the rebound to heavy sanctions imposed against Russia. BTC had fallen as low as ~$35,300 over the last 24 hours, but has ranged between $38,000 and $39,400 since recovering.
Other news includes: Ukraine DAO is dropping 10,000 Ukrainian flag NFTs minted on Ethereum with proceeds benefitting Ukrainian civilian organizations helping those impacted by the war; BNY Mellon stated that it will begin offering its digital asset custody products to institutions later this year; Coinbase reported higher than expected 4Q revenues and strong growth in monthly transacting users though guided for a softer 1Q; Block’s Cash App generated ~$2b in revenue and $46m in profit from bitcoin purchases, though is also seeing a more sluggish 1Q; leading Japanese internet company Rakuten has launched an NFT marketplace; Monster Energy has filed NFT and metaverse trademark applications; and, ex-Diem developers announced a new smart contract blockchain named Aptos.
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