BTC is currently trading around $38,900 and ETH around $2,850. Notable gainers in the last 24 hours are APE and AR. The global crypto market cap is $1.88T, down 3.9% over the last day. DeFi Total Value Locked is ~$207b and BTC dominance is around 42%.
Equity futures are pointing to a positive market open, rebounding from Tuesday’s slump which brought down risk markets broadly. Global macro events such as Europe’s energy spat with Russia, China’s resurgence of COVID-19 cases, and broad concerns over a more hawkish Fed all contributed to Tuesday’s sharp move downward. Bitcoin has stabilized since selling off yesterday during the day and it has trickled up slightly since yesterday’s close of business (EST).
Other notable news includes: the US Senate confirmed Lael Brainard as Fed vice chair; The Hong Kong Monetary Authority issued a paper inviting views on the key issues surrounding a retail CBDC; European lawmakers set to advance discussions on controversial crypto AML rules; the Bitcoin mining moratorium passed the vote in the New York State Assembly; the city of Fort Worth launched a pilot program to mine bitcoin in partnership with the Texas Blockchain Council; the mayor of Buenos Aires touted a plan allowing residents to pay taxes in bitcoin; Ethereum Layer-2 Optimism announced the details of their airdrop and upcoming token; CleanSpark borrowed $35m against their existing mining rigs to acquire more ASICs; Dragonfly capital revealed a new $650m crypto fund backed by Tiger and KKR; Grayscale revealed their intent to expand into the European market; and, 0x Labs raised a $70m round led by Greylock.
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