BTC is currently trading around $30,200 and ETH around $1,800. Notable gainers in the last 24 hours are LINK, THETA, and NEO. The global crypto market cap is $1.29T, up 2.2% over the last day. DeFi Total Value Locked is ~$107b and BTC dominance is around 47%.
Notable news includes: the IMF recommended eco-friendly CBDCs and non-PoW consensus mechanisms for payments; the UK unveiled plans to test blockchain technology for traditional market activities such as trading and settlement; human rights activists submitted an open later to Congress in support of “responsible crypto policy”, praising bitcoin and stablecoins as essential tools for aiding democracy; Hong Kong classified NFTs as financial assets and mandated licensing; South Korean lawmakers called on crypto exchanges to formulate listing and delisting guidelines; Caitlin Long’s Custodia bank sued the Federal Reserve Bank of Kansas City for delaying the decision to grant it a master account; Citadel Securities revealed plans to launch a crypto trading ecosystem for brokers; PayPal users are now able to withdraw crypto to external wallets and exchanges; Grayscale hired a former solicitor general ahead of the SEC’s ruling on its Bitcoin ETF conversion; all five of South Korea’s licensed crypto exchanges jointly announced their delisting of Litecoin following its privacy-enhancing Mimlewimble update; Yuga Labs revoked the code that allowed for the infinite minting of Bored Apes; Australian crypto exchange Swyftx revealed a $1.5b merger with online investing platform Superhero; Circle revealed plans to expand beyond Ethereum for the first time, adding support for USDC on Polygon; Chainlink unveiled its new roadmap which includes staking; Ethereum’s Ropsten testnet is expected to merge today; Cosmos-based DeFi exchange Osmosis was halted following a $5m exploit; Multicoin Capital partnered with Bitwise and Matthew Ball to launch a metaverse-focused crypto index; Binance US launched high yield crypto staking for Solana, Avalanche, and others; Aurora paid out a $6m bug bounty to a white hat hacker; Ledger and VC firm Cathay Innovation teamed up to launch a $110m fund investing in web3 startups; Solana Ventures unveiled a $100m GameFi and DeFi fund in South Korea; crypto.com‘s Cronos launched a $100m accelerator for DeFi and web3; and, Kushki, an Ecuadorian payments platform, reached unicorn status in its most recent $100m raise.
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