BTC is currently trading around $43,700 and ETH around $2,900. Notable gainers in the last 24 hours are ANC, FXS, and OKB. The global crypto market cap is $2.01T, down 0.9% over the last day. DeFi Total Value Locked is ~$208b and BTC dominance is around 44%.
Crypto markets are relatively stable as the war in Ukraine continues and US Fed Chair Powell stated in Congressional testimony yesterday that rate hikes are still coming despite a “highly uncertain” impact of the war on the US economy.
In other news: The US SEC is reportedly investigating NFT creators and marketplaces for securities violations; The New York Department of Financial Services is expediting the procurement of additional blockchain analytics technology to help enforce sanctions against Russia; Ukraine has now received over $50m in crypto donations, though has canceled its airdrop in favor of releasing NFTs; Japanese wealth manager Nomura is creating a new unit to explore crypto and NFTs; a group of former ConsenSys employees has requested an audit to investigate alleged “serious irregularities”; The Digital Currency Group board has authorized a share repurchase of up to $250m across its nine publicly traded crypto trusts; and, music brands Billboard and Universal Music Group are partnering to launch digital collectables built on the Flow blockchain.2022.03.03
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