Daily Market Wrap
Crypto market cap: 923.61 Billion, down 0.62%
BTC price stands at USD 19,014, down 1.26%
ETH price stands at USD 1,279, down 4.86%
Top gainer: Algorand (ALGO), up 14.89%
Top loser: Lido Dao (LDO), down 5.15%
News of the Day
Why it matters:
In January 2022, FTX first reached a valuation of $32 billion and raised $400 million
FTX has had its eyes on acquiring the now bankrupt Voyager Digital since July 2022 after its original, joint proposal to acquire the company with Alameda Research fell through
Voyager Digital has started to auction its remaining assets and, according to a Wall Street Journal article, Binance and FTX are the top bidders
Crypto Daily Spotlight
Brief Introduction: Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. The cardano blockchain can be used to build smart contracts, and in turn, create decentralized applications and protocols.
Why it matters:
Plutus, current native language on Cardano will be updated with the Vasil upgrade to Plutus v2, which will effectively enhance Cardano’s smart contract capabilities
DeFi projects, including Indigo Protoco – which has been running on vasil testnet since July , Liqwid Finance, and Maladex intend to leverage v2 capabilities when they launch
This hard fork upgrade is to improve network performance, lower transaction fees and improve execution speeds
Daily Sector Tracker
Daily News Roundup
Algorand Adds Ex-Comms Head at Visa, Fidelity as CMO https://bit.ly/3E3VknF
Ethereum NFTs Are Driving Crypto Adoption in Central and South Asia https://bit.ly/3So5pQ7
Japanese Banking Giant Nomura Launches Digital Ecosystem VC Arm https://bit.ly/3C4v7E3
CoinFLEX Reveals Restructuring Proposal https://bit.ly/3ShBw3U
Celsius Revival Plan Appears to Include Issuing Wrapped Assets https://bit.ly/3LBQGig
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