Crypto Daily Report – January 10
Jan 10, 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 FSInsightJanuary 10, 2022Crypto continues to keep pace with legacy markets as the Nasdaq falls another 2.5% and the S&P 500 trades 2.0% lower at the time of writing. The global crypto market cap trades nearly 5% lower since Friday evening, with the bleeding led by more speculative altcoins. Meanwhile, Bitcoin and Ethereum are trading 2.5% and 6.5% lower over that same period. Amidst the ongoing selling, centralized stablecoin USDC quietly surpassed $44 billion in total market cap, moving to 56% of the total market cap of Tether's USDT. This indicates that investors are starting to favor USDC as a preferred centralized stablecoin, potentially due to the higher level of transparency promoted by USDC's developers at the Centre consortium. In other stablecoin news, PayPal executives have confirmed that the fintech giant is exploring the launch of its own private, USD-backed stablecoin. Hints of a PayPal-native stablecoin were first discovered in the PayPal source code by developer Steve Moser. The PayPal app already contains limi