BTC is currently trading around $23,800 and ETH around $1,900. Notable gainers in the last 24 hours are DOGE, CHZ, and GMT. The global crypto market cap is $1.19T, down 1.2% over the last day. DeFi Total Value Locked is ~$90b and BTC dominance is around 40%.
Notable news includes: a report indicated that the EU will create a new crypto regulator to decrease the possibility of jurisdictional arbitrage between member states; the U.S. Federal Reserve revealed its plans to publish guidelines for crypto firms to access Fed master accounts; Coin Center said OFAC overstepped its authority by sanctioning Tornado Cash and they plan on challenging the sanctions in court; the Canadian regulatory council created a new preregistration filing for crypto platforms; the Australian Securities Exchange completed a proof-of-concept test towards tokenized asset trading; a new bill out of Brazil proposed tokenizing gold mined in the country; BitGo announced plans to sue Galaxy for $100m over the dropped acquisition; crypto lender Hodlnaut filed for creditor protection; Huobi announced plans to end crypto derivatives trading in New Zealand; Binance obtained an in-principal approval to operate in Kazakhstan; Coinify obtained regulatory approval to operate in Italy; Crypto.com received a preregistration undertaking from the Ontario Securities Commission; Brazilian brokerage firm XP launched BTC and ETH trading; TRM Labs confirmed it “does not engage in any” blocking of sanctioned addresses and it only provides risk data to DeFi protocols; StarkWare launched recursive proofs to further boost L2 scaling; Aave said that on-chain wallet address censorship would require DAO consensus; Yearn and Iron Bank integrated with Optimism; Bitcoin miner Greenidge paused its Texas expansion plans; Bitcoin miner Prime Blockchain and 10x SPAC cancelled their $1.25b merger deal; Acala burned 99% of the aUSD involved in its mint exploit; Interlay launched a bitcoin-backed stablecoin iBTC on Polkadot; holders of CryptoPunks and Meebits can now use their NFTs for commercial projects; crypto venture firm Dragonfly Capital rebranded to Dragonfly and acquired cryptocurrency hedge fund MetaStable Capital; and, Justin Bieber and Paris Hilton are among the 19 celebrities called out for shilling NFTs by the Truth in Advertising consumer watchdog group.
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