BTC is currently trading around $38,800 and ETH around $2,550. Notable gainers in the last 24 hours are RUNE, GRT, and LUNA. The global crypto market cap is $1.80T, up 0.2% over the last day. DeFi Total Value Locked is ~$198b and BTC dominance is around 43%.
All eyes are on today’s EU Parliament committee meeting, where members will vote whether to accept the controversial MiCA legislation. The draft lays out a comprehensive digital assets framework, though many are concerned with its proposed treatment of proof-of-work crypto assets that would effectively ban exchanges from listing digital assets that don’t meet “environmental sustainability criteria.”
The other big event this week is the Federal Reserve’s two-day policy meeting that concludes on Wednesday, where the FOMC is widely expected to hike rates for the first time since 2018. Investors will also be closely watching the new Summary of Economic Projections and the post-meeting press conference for the Fed’s updated economic and policy views.
In other news: El Salvador’s bitcoin bond is ready though the country may delay its release amid the war in Ukraine; and, Yuga Labs, the creator of Bored Ape Yacht Club, acquired the rights to CryptoPunks and Meebits.
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