Crypto Daily Report – March 23

Mar 23, 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 FSInsightMarch 23, 2022Over the past day, crypto markets have been holding near the $2T market cap level. Amidst a slight decline in the stock market open (SPX: -0.5%, NDAQ: -1.7%), majors BTC and ETH have been flat at $42.5k and $3.0k. Layer 1s SOL (+3.0%), LUNA (+3.0%) and AVAX (+5.0%) have bounced slightly while emerging smart contract platform NEAR has gained the most (10%) amongst its peers. Bluechip DeFi platforms such as CRV, CVX, and UNI are also up 5.0%, 4.0% and 4.5% respectively. Despite the total crypto market capitalization being 33% off its highs, there has been an exodus of talent from incumbent funds raising huge rounds for the first time, detailed in the fundraising section below. Yesterday, Do Kwon announced plans to increase UST's bitcoin reserve to $3b. So far, the Luna Foundation Guard (LFG) has raised $2.2b for its bitcoin reserve, with $1b via OTC sales of LUNA and $1.2b by selling UST for USDT. On a long-term basis, Do has hinted of Terra's plans of amassing $10b in bitcoin for the reserve. On-chain re

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC -1.35% TESTING THE $65K LEVEL, ETH -0.44% TRADING AROUND $3500, AND SOL -1.17% APPROACHING $140. The ETHBTC ratio is declining again after a weekend relief rally sparked by news from Bloomberg ETF expert Eric Balchunas on Friday evening, clarifying his timeline for the ETH ETF launch. Meanwhile, the DXY continues its upward trajectory from the post-CPI selloff,...

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