BTC is currently trading around $21,300 and ETH around $1,450. Notable gainers in the last 24 hours are LDO, ETC, and MATIC. The global crypto market cap is $1.03T, up 2.6% over the last day. DeFi Total Value Locked is ~$84b and BTC dominance is around 42%.
Risk markets are up this morning with tech leading the charge forward in equities. Alphabet and Microsoft are up 3-4% in pre-market trading despite top and bottom line misses from both of them. Investors looked through the headline results and are optimistic about Microsoft’s strong sales guidance and Alphabet’s beat on ad revenue. All eyes will be on the Fed’s interest rate decision and subsequent press conference this afternoon.
Notable news includes: U.S. Senator Toomey asked the SEC for clarity on its approach to crypto regulation and enforcement; El Salvador introduced two sovereign debt repurchase bills in an effort to alleviate default concerns; Rio de Janeiro revealed it is moving ahead with its bitcoin integration plans; Kraken is reportedly facing an OFAC investigation for violating sanctions; The Crypto Council for Innovation added two government insiders to its leadership team; The CFTC poached Pantera’s general counsel for its chief of staff role; a report from the IMF argued the recent crypto crash did not impact the broader financial system; stablecoins saw their largest quarterly contraction on record in Q2; Brazil’s largest digital bank NuBank reached 1m crypto users in just a month; Central African Republic’s Sango Coin sale went live, but it recorded only ~$1.1m of sales in the first day; Harmony proposed issuing ONE tokens to reimburse hack victims; Celsius filed to retain its former CFO to advise on bankruptcy proceedings; Core Scientific increased its ASIC server capacity by 75 MW; AntPool invested $10m to support Ethereum Classic mining; Antalpha unveiled lending products for miners; Gods Unchained developer Immutable laid off ~8% of staff; Unstoppable Domains reached unicorn status in its latest $64m round; on-chain marketplace Root Protocol raised $9m to build on top of the previously hacked stablecoin issuer Beanstalk; sustainability focused blockchain Topl raised $15m; and, Fantom revealed plans to fund ecosystem projects using a portion of burnt fees.
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