BTC is currently trading around $30,100 and ETH around $1,850. Notable gainers in the last 24 hours are WAVES, EVMOS, and XMR. The global crypto market cap is $1.30T, down 4.6% over the last day. DeFi Total Value Locked is ~$108b and BTC dominance is around 47%.
Global equity markets appear headed for a positive day with oil prices falling on reports that Saudi Arabia may announce production increases at today’s OPEC+ meeting. Crypto markets are down with alts leading the plunge as Solana suffered its fifth outage of the year. Investors may look to glean insights from an array of employment data releases coming today and tomorrow morning.
Other notable news includes: South Korea revealed they are launching a Digital Assets Committee to oversee crypto exchanges as early as next month; Germany issued guidance on crypto securities; the NY Fed president warned colleagues to prepare for the coming digital payment transformation as he referenced CBDCs and fiat-backed stablecoins; the CFTC commissioner warned crypto investors that they should view new crypto tokens as lottery tickets; Solana went down for ~4 hours and required a coordinated restart as a bug prevented validators from achieving consensus; the Waves founder admitted that the USDN algorithmic stablecoin “needs tweaking” amidst another de-pegging event; OpenSea’s former head of product was arrested by the FBI in connection with insider trading of NFTs; FTX surpassed Coinbase as the second-largest centralized crypto exchange by spot volume in May; Coinbase revealed their process for listing new altcoins; Kraken defended their listing of LUNA 2.0; Genesis ramped up their DeFi presence by contributing $75m to Maple’s Solana-based lending platform; an increased number of Bitcoin miners are selling their newly produced bitcoin; Kraken launched staking features through their mobile app; Chipotle announced they will now accept cryptocurrency payments through Flexa; the Purpose Bitcoin ETF in Canada has breached new AUM highs despite challenged crypto performance; the Soros’ Fund CEO said that crypto is “here to stay”; Facebook revealed plans to change their ticker to META; the Goblintown NFT floor price nearly breached nine ETH; and, Sam Bankman-Fried signed the ‘Giving Pledge’.
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