BTC is currently trading around $31,800 and ETH around $1,950. Notable gainers in the last 24 hours are WAVES, EVMOS, and KSM. The global crypto market cap is $1.37T, up 0.3% over the last day. DeFi Total Value Locked is ~$112b and BTC dominance is around 47%.
Notable news includes: EU financial supervisors recommended that crypto exchanges lose their licenses if they breach AML requirements; a new proposal would give England’s central bank regulatory oversight over stablecoin issuers should they pose a risk to financial stability; a group of 26 Web2 pundits lobbied Washington against crypto influence; South Korea earmarked $117m to kickstart the metaverse industry; Binance revealed plans to launch a crypto awareness tour in Africa; the Optimism airdrop was hampered by claiming issues and their mainnet reported degraded performance for multiple hours; a privacy enhancing upgrade was activated on Zcash’s mainnet; DeFi platform PoolTogether raised ~471 ETH in an NFT sale to help fund its legal defense; Polkadot added Lido to facilitate liquid staking on the network; Goldman Sachs is reportedly aiming to onboard some of their derivative products into FTX US’ proposed crypto derivative offerings; KuCoin launched a new decentralized wallet platform with cross-blockchain integrations; Binance’s VC arm raised a new $500m fund for Web3 and blockchain investments; Tether’s reported bank partner, Capital Union, shared their businesses’ crypto strategy; Web3 infrastructure firm InfStones raised a $66m round; Prada will debut their first NFTs this week; Binance showed their intent to still invest in Forbes even though the SPAC has been scrapped; SkyMavis revealed the first 12 projects joining their Builders Program; and, a Terra validator released the full chat logs of the events leading up to the launch of LUNA 2.0.
This material is a product of the GSR Sales and Trading Department. It is not a product of a Research Department, not a research report, and not subject to all of the independence and disclosure standards applicable to research reports prepared pursuant to FINRA or CFTC research rules. This material is not independent of the Firm’s proprietary interests, which may conflict with your interests. The Firm trades instruments discussed in this material for its own account. The author may have consulted with the Firm’s traders and other personnel, who may have already traded based on the views expressed in this material, may trade contrary to the views expressed in this material, and may have positions in other instruments discussed herein. This material is intended only for institutional investors. Solely for purposes of the CFTC’s rules and to the extent this material discusses derivatives, this material is a solicitation for entering into a derivatives transaction and should not be considered to be a derivatives research report.This material is provided solely for informational purposes, is intended for your use only and does not constitute an offer or commitment, a solicitation of an offer or comment (except as noted for CFTC purposes), or any advice or recommendation, to enter into or conclude any transaction (whether on the indicative terms shown or otherwise), or to provide investment services in any state or country where such an offer or solicitation or provision would be illegal. Information is based on sources considered to be reliable, but not guaranteed to be accurate or complete. Any opinions or estimates expressed herein reflect a judgment made as of the date of publication, and are subject to change without notice. Trading and investing in digital assets involves significant risks including price volatility and illiquidity and may not be suitable for all investors. GSR will not be liable whatsoever for any direct or consequential loss arising from the use of this Information. Copyright of this Information belongs to GSR. Neither this Information nor any copy thereof may be taken or rented or redistributed, directly or indirectly, without prior written permission of GSR. Not a solicitation to U.S. Entities or individuals for securities in any form. If you are such an entity, you must close this page.