BTC is currently trading around $38,200 and ETH around $2,650. Notable gainers in the last 24 hours are WAVES, AR, and CHZ. The global crypto market cap is $1.8T, down 2.9% over the last day. DeFi Total Value Locked is ~$199b and BTC dominance is around 43%.
Bitcoin is down 3% from Friday’s close as the war in Ukraine continues. Many Western powers have continued to ratchet up sanctions, including a promise to expel some Russian banks from SWIFT. In response, Russian President Putin ordered his country’s deterrence forces, which include nuclear arms, onto their highest state of alert on Sunday. Positively, talks between Russian and Ukrainian delegations are currently under way.
In other news: The European Parliament delayed its vote on the Markets in Crypto-Assets Directive due to a provision that might ban proof-of-work; The European Commission’s new Data Act proposal includes requirements for smart contract developers imposing new legal standards for data-sharing and protection applications; Crypto donations to Ukraine have now topped $29m; South Korea’s Ministry of ICT, Science, and Future Planning is investing $187m to create a national metaverse ecosystem; HTC VIVE, the virtual reality brand of HTC Corporation, revealed a Metaverse product called Viverse; and, Decentraland will host the world’s biggest virtual fashion show in its metaverse.
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