Crypto Daily Report – January 31
Jan 31, 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 31, 2022Global crypto markets have been relatively flat over the weekend, with total market capitalization hovering at the $1.7t level. Over the past week, however, BTC and ETH have rebounded 10% and 15%, respectively, shrugging off pre-FOMC meeting fears. Alt-coins also look towards large-cap price action before making any decisive moves, with BTC dominance hovering at the 42 - 43% range. Less than a week after we wrote about FTX US' $400m raise at an $8b valuation, FTX Global has announced its $400m Series C round, bringing the firm to a $32b valuation. Both fundraises saw an overlap in backers, including Temasek Holdings, Ontario Teachers' Pension Plan Board, Tiger Global, and Softbank Vision Fund 2. The latest round brings total funding for FTX to $1.8b, an impressive vote of confidence from investors despite Bitcoin trading at a 50% discount off its all-time high.While China has banned cryptocurrencies numerous times over its existence, 164 entities were shortlisted to carry out trial blockchain applicat