Happy Wednesday!

The global crypto market cap is $1.08 trillion, with a 24-hour volume of $39.46 billion. The price of Bitcoin is $28,347.50, and BTC market dominance is 51.0%. The price of Ethereum is $1,572.94, and ETH market dominance is 17.4%. The best-performing sector is eCommerce, which gained 22%. The Crypto Fear & Greed Index is currently Neutral (50).

Top News

Evidence shows Bankman-Fried and associates gave $230M to friends, family, politicians, PACs, and special interests

A spreadsheet detailing the recipients of gifts and donations from SBF and his associates was presented at trial today.

Checkin.com: Innovating fast and secure KYC for Crypto & Web3

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SBF Trial – Defense grills Singh over personal spending despite knowing FTX was misusing customer funds

The tenth day of SBF's trial mainly revolved around the cross examination of Nishad Singh, who revealed further details about the infamous software bug that led to the $8 billion discrepancy in Alameda's accounts.

Fantom Foundation confirms $550K loss in broader $7M attack

While the Foundation's losses were relatively mild, one Fantom employee alone may have lost $3.4 million.

Ad: Blockchain work innovator HUMAN Protocol launches Web3 event – Newconomics – alongside Web Summit in Lisbon

Startup pitch competition to win $15,000 grant. Web3 speakers present current business plans amid new global economics.

Latest Insights

• Binance leads as Bitcoin exchange outflows surge

• Bank of England wrestles with stubborn inflation as U.S. eyes rate hikes

• Stablecoin companies now 16th largest holder of U.S. treasuries globally – report

• Bitcoin holder sentiment split as UTXO data reveals both substantial profits and losses

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More News

EU adopts directive for stronger member collaboration on crypto tax data sharing

EU strengthens crypto tax norms with new directive to improve cooperation between national tax authorities.

Ethereum co-founder Vitalik Buterin refutes asset dumping claims

Buterin said his Ethereum transfers are donations to 'charity or nonprofit or other project.'

Fed Governor Michelle Bowman expresses central bank’s skepticism of CBDCs

Fears of a U.S. CBDC may be unfounded, as the central bank itself hardly seems persuaded of the benefits.

U.S. tech giants add $2.4 trillion to market cap in 2023

The explosion in market value has been fueled in part by widespread enthusiasm for generative AI.

Crypto community questions Elon Musk’s X move to curb bots with $1 paywall

New Twitter accounts in New Zealand and the Philippines would be required to pay a $1 annual subscription fee.