BTC is currently trading around $39,800 and ETH around $3,000. Notable gainers in the last 24 hours are BCH, CHZ, and EOS. The global crypto market cap is $1.94T, down 2.1% over the last day. DeFi Total Value Locked is ~$210b and BTC dominance is around 42%.
Notable news includes: Brazil’s CBDC pilot expected in 2H22; the BIS released a study on CBDCs and their role in financial inclusion; the central bank of Canada stressed that CBDC rollouts do not require regional coordination; Fireblocks and FIS formed a partnership bringing institutional DeFi access to ~6,400 TradFi clients; Celsius ceased offering yield-bearing products to non-accredited U.S. investors; Circle raised $400m and announced that BlackRock has become a strategic investor; Ignite, formerly Tendermint, launched an $150m accelerator fund for Web 3 projects; Bitcoin’s Lightning Network payment volume has grown 400% YoY; Pantera’s Blockchain Fund raised $1.3b, doubling the target size; the Luna Foundation Guard purchased another $100m in bitcoin; Shiba Inu rallied on the Robinhood listing; and, a16z’s Chris Dixon topped the Forbes “Midas List” as the best VC investor in 2022.
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