BTC is currently trading around $38,800 and ETH around $2,500. Notable gainers in the last 24 hours are WAVES, ZEC, and AR. The global crypto market cap is $1.80T, down 0.1% over the last day. DeFi Total Value Locked is ~$195b and BTC dominance is around 43%.
US President Biden is set to sign an executive order this week summarizing the government’s strategy for dealing with crypto. The order, which had previously been expected in February, will reportedly give agencies three to six months to consider potential regulatory changes as well as assess the impact of cryptocurrencies on national security and the economy. Meanwhile in Europe, the European Parliament has scheduled a vote for March 14 on the MiCA crypto regulatory framework, with the legislation no longer including text that some interpreted as potentially banning proof-of-work mining. And in Japan, the country’s Financial Services Agency has put forward legal amendments to payments-related legislation and mentions stablecoin-related issues and improved crypto transaction monitoring at banks.
Other news includes: Institutional bitcoin investment products saw $95m of inflows last week, the highest amount since early December; financial services company Santander will offer loans secured by grain-based crypto tokens; Adobe’s creative showcase platform Behance now allows users to connect their Phantom wallet and showcase their Solana NFTs; and, The Sandbox and World of Women have founded the WoW Foundation to help bring more women into the NFT space.
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