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Crypto Daily Report – January 14

Jan 14, 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 14, 2022The crypto market is down 2.26% to $2.1 trillion over the past 24 hours with both Bitcoin (-0.67%) and Ethereum (-1.17%) lower. Funding rates remain negative indicating traders' bias for short positions. This is also corroborated by ETH shorts on crypto exchange Bitfinex which are approaching a multi month high.Yesterday, the city of Rio de Janeiro, Brazil announced it will invest 1% of its treasury into Bitcoin. Mayor Eduardo Paes also noted the city is exploring allowing taxes to be paid in Bitcoin and incentivizing citizens with a 10% discount. Mayor Paes also cited inspiration from Mayor Suarez of Miami who has heavily prioritized pro-crypto legislation.This morning, FTX announced a massive $2 billion venture fund to invest in start-up crypto protocols. FTX has tapped Amy Wu from Lightspeed Venture Partners to lead the fund's investment strategy. While Wu discussed a broad strategy across NFTs, insurance, and security - FTX Ventures expects to move quickly, potentially deploying all capital by 2023

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