Daily Market Wrap
Crypto market cap: 1.12 trillion, down 2.45%
BTC price stands at USD 23,439, down 2.31%
ETH price stands at USD 1,845, down 2.57%
Top gainer: Celsius (CEL), up 14.56%
Top loser: STEPN (GMT), down 11.29%
News of the Day
Why it matters:
Lawyers representing the bankrupt cryptocurrency lender Celsius Network announced that the company has receivedapproval from a U.S. judge to sell its mined Bitcoin (BTC)
Josh Sussberg, Celsius’ lawyer, claimed that multiple lenders are willing to provide debtor-in-possession financing, which would help the company navigate the bankruptcy process
Before approving the motion, Judge Martin Glenn expressed concern that the mining business was not profitable and Shara Cornell, the U.S. Trustee representing Department of Justice (DOJ) interests, objected to the motion, arguing that there was not enough clarity on the operation to approve it
Crypto Daily Spotlight
Brief introduction: The popular meme coin Dogecoin is based on the popular “doge” Internet meme featuring a Shiba Inu logo. Dogecoin was created on Twitter by an Australian named Jackson Palmer on November 27, 2013, where he first tweeted about investing in Dogecoin. In 2021, Elon Musk was a well-known Dogecoin supporter, having used Twitter to promote Dogecoin for several business purposes.
Why it matters:
$DOGE is up 11.6% today following retail interest in the Polygon Edge-based network Dogechain
Dogechain is an Ethereum-compatible smart contract network developed using the Polygon Edge framework, which allows users to convert $DOGE into $wDOGE (weighed $DOGE)
According to data from DEX Screener, Dogechain has seen $15 million in volume over the past 24 hours
Daily Sector Tracker
Daily News Roundup
Crypto.com Secures UK Registration For ‘Crypto Asset Activities’ https://bit.ly/3QNsxGJ
SEC Sues Dragonchain For Raising $16.5 Million in Unregistered ICO https://bit.ly/3Pt7oAH
Bitcoin-Focused Asset Management Firm Monochrome Wishes to Add More Crypto Spot ETFs https://bit.ly/3c19x8Y
CryptoPunk and Meebits Owners Can Now Use Their NFTs For Commercial Projects https://bit.ly/3Cg2N1N
Coinbase Plans to Halt Ethereum Deposits and Withdrawals During The Merge https://bit.ly/3JXSgKF
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