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Crypto Daily Report – June 22

Jun 22, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightJune 22, 2022The global crypto market is showing signs of life after falling overnight in concert with US equity futures markets. The SPX (+0.4%) and Nasdaq (+0.8%) have turned higher this morning despite the reassurance from Fed Chairman Jay Powell that the Fed is "strongly committed" to stifling inflation. Despite a bounce at the US market open, bitcoin and ether are trading 4.5% and 6.2% lower compared to 24 hours prior. Other smart contract platforms such as AVAX, SOL, and DOT are all trading over 6% lower, in concert with ETH. At the time of writing, funding rates for BTC perpetual futures have leveled but are still net-negative across all exchanges, indicating a persistent appetite for the short side of the trade. Figure: BTC Perpetual Futures Funding Rates (All Exchanges)Despite declining floor prices across most blue-chip NFTs, several significant NFT-related announcements have dropped in the past 24 hours. Uniswap, the leading decentralized exchange built on Ethereum, announced that the development company b

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