BTC is currently trading around $29,300 and ETH around $1,800. Notable gainers in the last 24 hours are XCN, DOT, and ETC. The global crypto market cap is $1.27T, up 1.6% over the last day. DeFi Total Value Locked is ~$106b and BTC dominance is around 46%.
Notable news includes: ETH liquidations ($236m) were ~2x that of BTC ($125m) yesterday as crypto performance decoupled from equity markets; The Central African Republic is moving forward with their plans for a crypto hub despite World Bank concerns; Turkey drafted a new bill to enhance the regulatory oversight of crypto; Republican senators introduced a draft bill to limit the use of China’s CBDC in the US; Fed Vice Chair Brainard revealed her belief that a US CBDC could help maintain stability in the financial system; JPMorgan revealed they are now using blockchain for collateral settlements and the bank plans to expand the options for posting tokenized collateral; Vitalik Buterin said algorithmic stablecoins should not be dismissed despite Terra results; Terra 2.0 is expected to launch on Saturday with an airdrop to follow; Terra voted unanimously to burn ~1.4b UST tokens from the community pool to decrease the outstanding supply by 11%; Tether indicated that new versions of Tether tracking foreign currencies will act as an onramp bridging more users to USDT; STEPN fell 40% as it removed GPS support in China amidst regulatory concerns; The Sandbox token rallied subsequent to its surprise listing on Coinbase; Goblin Town NFTs flipped BAYC to be the top collection by volume traded over the past day; crypto exchange Bitso laid off 80 of their ~700 employees; Huobi acquired Latin American exchange Bitex; blockchain analytics and crypto compliance firm, Elliptic, revealed an investment from JPMorgan in their Series C round; MetaMask teamed up with Asset Reality, a cryptoasset investigator, in an attempt to aid users who fall prey to crypto-related scams; ARK and 21Shares filed again for another shot at SEC approval for a spot bitcoin ETF; Twitter agreed to a $150m fine over a US data privacy complaint; and, Elon Musk quickly revealed that he is not backing BitVex after a new deepfake video of him was released promising investors a 30% return.
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