BTC is currently trading around $39,200 and ETH around $2,650. Notable gainers in the last 24 hours are WAVES, AR, and CELO. The global crypto market cap is $1.84T, up 0.2% over the last day. DeFi Total Value Locked is ~$195b and BTC dominance is around 43%.
Global equity markets are down, while oil prices briefly hit a 13-year high before retreating as the war in Ukraine continues and the US and Europe consider banning Russian oil and natural gas imports. Investors are weighing the impact of higher oil prices on the economy and on inflation, and will be closely watching Thursday’s US CPI release, where expectations are for headline inflation to increase 7.8% year-over-year in February, up from 7.5% in January.
Other news includes: Switzerland intends to freeze crypto assets held by Russian investors; The Philippines central bank is launching a CBDC research effort; The Senate of Virginia in the US passed a bill amendment request to allow traditional banks in the state to provide digital asset custody services; a new report by PwC predicts blockchain technology may add nearly $2T to global GDP over the next decade; healthcare giant CVS files for NFT and virtual goods trademarks; Binance has launched Bitfinity, a fiat-to-crypto payments provider; DeFi pioneer Andre Cronje has quit the industry along with his associate Anton Nell and are terminating their relationships with 25 apps and services; and, The Sandbox has partnered with Cube Entertainment to hold events introducing K-Culture and K-Pop in the metaverse.
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