BTC is currently trading around $43,000 and ETH around $3,250. Notable gainers in the last 24 hours are NEAR, FRAX, and XRD. The global crypto market cap is $2.08T, down 1.4% over the last day. DeFi Total Value Locked is ~$223b and BTC dominance is around 42%.
Notable news includes: Roatán and Madeira joined El Salvador and announced the adoption of bitcoin as de facto legal tender; the FCA announced a broad 3-year plan including crypto to ‘improve outcomes for consumer and in markets throughout the UK’; Slovenia unveiled plans for a flat tax on crypto transactions; the FDIC asked all banks to report crypto activities; Strike announced an integration with Shopify allowing merchants to accept bitcoin payments via the Lightning Network; Terra expanded reserves for UST by engaging in a $100m treasury swap with Avalanche; Bitcoin miner Greenidge won a state Supreme Court ruling to continue operations; Tencent’s PayMaya launched crypto services in the Philippines; the HBAR Foundation launched a $250m metaverse fund to enhance consumer brand adoption; a16z and Softbank led a $150m raise for metaverse startup Improbable; Kraken closed their San Francisco headquarters due to increased crime; Celsius’ BTC holdings surpassed Microstrategy with more than 150k BTC held.
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