BTC is currently trading around $19,400 and ETH around $1,050. Notable gainers in the last 24 hours are AMP, AR, and BAT. The global crypto market cap is $0.91T, up 1.7% over the last day. DeFi Total Value Locked is ~$71b and BTC dominance is around 44%.
Notable news includes: Bitcoin realized its worst quarter in 11 years; the European Union reached an agreement on the landmark MiCA legislation to regulate crypto markets, but it notably does not cover NFTs or DeFi; the Biden administration hinted that stablecoin legislation could come into effect this year; the Basel Committee proposed limiting banks’ cryptocurrency exposure to 1% of Tier 1 capital; a Pentagon-commissioned report claimed that it only takes the collusion of four entities to disrupt the Bitcoin network; the New York State Department of Environmental Conservation denied Bitcoin miner Greenidge’s power plant permit; El Salvador purchased an additional 80 bitcoin; FTX reportedly discarded the Celsius deal after finding $2b missing from its balance sheet; rumors indicated FTX is purchasing BlockFi for $25m, but the report has been denied by BlockFi’s CEO; Coinbase denied a report that alleged it sells customer geolocation data to the U.S. government; CoinFLEX cancelled its immediate plans to resume withdrawals; SocGen selected custody specialist Metaco for its security token push; Facebook launched its new NFT feature for a select group of U.S. creators; a new Ethereum token standard paves the way for rentable NFTs; hundreds of Bored Ape owners signed up to hire out their NFTs to brands; Moonbirds surpassed $500m in all-time sales volume; music streaming company Napster revealed plans to launch a token on Algorand; venture capital firm OP Crypto announced the launch of a new $100m fund of funds; Three Arrows Capital’s Su Zhu looks to sell his $35m house in Singapore; the DOJ filed charges against Baller Ape Club and three other crypto fraud cases; the CFTC charged Mirror Trading International with alleged fraud totaling $1.7b worth of bitcoin; former Monero maintainer Riccardo Spagni surrendered himself for extradition to South Africa; and, Ruja Ignatova, colloquially known as the ‘cryptoqueen’, became the 11th woman in history to be added to the FBI’s ten most-wanted list for involvement in a multi-billion dollar crypto fraud.
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