BTC is currently trading around $23,600 and ETH around $1,600. Notable gainers in the last 24 hours are CRV, CVX, and NEO. The global crypto market cap is $1.12T, up 3.8% over the last day. DeFi Total Value Locked is ~$87b and BTC dominance is around 43%.
Notable news includes: The SEC charged a former Coinbase employee in a crypto insider trading plot; The SEC claimed that Coinbase listed nine crypto assets that are securities, Coinbase denied these allegations and criticized the SEC’s ineffective regulatory approach; SEC Chair Gensler reiterated his view that crypto lending firms fall under the SEC’s purview; Taiwan revealed plans to ban the use of credit cards for cryptocurrency purchases; Crypto.com received regulatory approval to operate in Cyprus; 3AC’s co-founders are reportedly heading to Dubai and seeking an orderly liquidation; SWIFT’s 2022 hackathon will focus on digital assets; Crypto.com added Google Pay as a payment option for Android users to buy cryptocurrencies; Mercado Bitcoin unveiled its plan to expand into Mexico; Binance began offering contracts for differences (CFDs) targeting wholesale traders in Australia; Zipmex confirmed outstanding loans worth ~$53m to Babel and Celsius; Curve’s founder confirmed the protocol will launch an overcollateralized stablecoin; Polygon launched Nightfall to provide zero-knowledge proof solutions to enterprises; ETH held on exchanges has plummeted as stakers prepare for The Merge; DeFi analytics platform Zappier added NFT and DAO dashboards; OpenSea debuted its Solana NFT launchpad; Epic Games said the firm “definitely won’t” follow Minecraft’s NFT ban; Bitcoin mining difficulty saw its largest fall in 12 months; Core Scientific raised $100m of equity financing despite the challenging environment; Commons Foundation signed a 100MW crypto mining deal in Paraguay; Hashflow raised $25m to support its crypto structured products launch; and, a research report from Citi indicated crypto contagion risks have likely peaked in the interim.
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