USDC Native Cross-Chain Transfers, Hong Kong Launching Crypto License

Crypto markets are lower today, with BTC down 1.7% after a highly volatile session saw ~$360m in both long and short derivative liquidations yesterday. After initially rising to $30k, BTC dropped nearly 7% in one hour following alerts that U.S government BTC sales were taking place from Arkham Intel. The rumors were later proven false, sending BTC from an intraday low of $27.2k to its current level of ~$29.2k. Despite the high levels of volatility, Bitcoin continues to trade as a safe haven amid uncertainty in the banking sector, recently reaching a 57% 30-day rolling correlation with gold, its highest level in nearly two years. ETH fell 2.5% nominally while ETHBTC is down -0.9%. Equities are higher today, with the S&P gaining 1.6% and the Nasdaq up 2.14%.