BTC is currently trading around $41,200 and ETH around $3,050. Notable gainers in the last 24 hours are STEPN, ZIL, and USDN. The global crypto market cap is $1.98T, down 5.2% over the last day. DeFi Total Value Locked is ~$212b and BTC dominance is around 42%.
Bitcoin is down 2.9% from Friday’s close, global equity markets are lower, and interest rates are higher amidst macroeconomic uncertainty and ahead of key data and policy meetings this week. Specifically, inflation and central bank policy will take center stage with US inflation data to be released on Tuesday and the ECB meeting on Thursday. Geopolitical fears are also rising, with Ukraine’s Zelensky warning of a full-scale attack by Russia in the east.
Other notable news includes: the GOP policy arm released a paper exploring the pros and cons of crypto; Coinbase halts India’s UPI support amidst regulatory uncertainty; the Luna treasury added another $173m in bitcoin over the weekend; Binance received in-principal regulatory approval in Abu Dhabi; Ireland’s regulator announced that a clamp down on crypto ads is being reviewed; Binance appointed a top FCA official as global director of regulatory policy; Bitstamp to offer white-label crypto trading services in the U.S.; Mastercard filed for multiple crypto-related trademark requests; Bitcoin miner Applied Blockchain filed for an IPO; Tesla, Block, and Blockstream formed a partnership to mine bitcoin in Texas using solar energy; Canaan unveiled a new Bitcoin mining rig; Balancer jumped following their new vote-escrowed tokenomics transition; 104 cryptopunk NFTs were posted as collateral for an $8.3m loan in DAI, reportedly the largest to date; and, the Twitter CEO announced Elon Musk will no longer be joining the board.
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